Students

Courses

Core Courses

  • Quant­it­at­ive Meth­ods cov­ers the basic ana­lyt­ical tools re­quired to con­duct re­search in fin­ance (es­sen­tially stochastic cal­cu­lus and op­tim­iz­a­tion meth­ods).
  • Fin­an­cial Econo­met­rics cov­ers em­pir­ical cor­por­ate fin­ance and ap­plied cross-sec­tional econo­met­rics (e.g. en­do­gen­eity, meas­ure­ment er­rors, sim­u­la­tion es­tim­at­ors, es­tim­a­tion of dy­namic mod­els).
  • Cor­por­ate Fin­ance deals with the fin­an­cing of com­pan­ies and in par­tic­u­lar with the de­termin­ants of cor­por­ate cap­ital struc­ture choice.
  • As­set Pri­cing cov­ers the es­sen­tials in as­set pri­cing like mar­ket ef­fi­ciency, state prices and ar­bit­rage, CAPM and APT: the­ory and evid­ence as well as mul­ti-period, con­sump­tion-­based mod­els.
  • Con­tinu­ous Time Fin­ance presents the fun­da­ment­als of ar­bit­rage the­ory for pri­cing con­tin­gent claims in con­tinu­ous time (e.g. in­com­plete mar­ket, the martin­gale ap­proach to ar­bit­rage pri­cing, in­terest rate the­ory).
  • Fin­ance Pa­per Read­ing deals with key lit­er­at­ure in fin­an­cial eco­nom­ics, re­quired for un­der­stand­ing more re­cent pa­pers, and to fa­cil­it­ate the pro­cess of re­view­ing the lit­er­at­ure for stu­dents’ own re­search.
  • PhD Re­search Sem­inar provides a plat­form for stu­dents to present their own re­search (pro­pos­als). Stu­dents have to present their pa­pers twice a year and dis­cuss two pa­pers by their fel­low stu­dents. The sem­inars are su­per­vised by VGSF fac­ulty mem­bers.
  • Pa­per Writ­ing fo­cuses on rep­lic­at­ing and ex­pand­ing pa­pers pub­lished in ma­jor fin­ance or eco­nom­ics journ­als.

Elect­ive courses

Stu­dents are re­quired to com­plete at least six elect­ive courses. Elect­ives can in­clude courses like:

  • Ad­vanced Time Ser­ies and Fin­an­cial Econo­met­rics - Nikolaus Hautsch from the Uni­versity of Vi­enna
  • Ad­vanced As­set Pri­cing - Jacob Sagi from Vander­bilt Uni­versity
  • Ad­vanced Cor­por­ate Fin­ance -Chris­topher Hen­nessy from LSE
  • Credit Risk Man­age­ment -David Lando from the Copen­ha­gen Busi­ness School
  • Em­pir­ical Cor­por­ate Fin­ance - Rüdi­ger Fah­len­brach from EPFL
  • Fin­an­cial Econo­met­rics and Em­pir­ical Port­fo­lio Choice - Rossen Valkanov from the Uni­versity of Cali­for­nia San Diego
  • Fin­an­cial Fra­gil­ity - Itay Gold­stein from Whar­ton Busi­ness School
  • Fin­an­cial In­ter­me­di­ation - Gyöngyi Lor­anth from the Uni­versity of Vi­enna
  • Game The­ory - Larry Blume from Cor­nell Uni­versity
  • In­ter­ac­tion of Fin­ance and In­dus­trial Or­gan­iz­a­tion - Gor­don Phil­lips from the Uni­versity of Maryland
  • Li­quid­ity and As­set Pri­cing - Nic­olae Gar­leanu from the Haas School of Busi­ness, Berke­ley
  • Mar­ket Mi­cro­struc­ture - Tho­mas Gehrig from the Uni­versity of Vi­enna