- 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.
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