FIN 603 Empirical Finance

! Sign-in Deadline: 16.02.2017, 12:00 (noon) !

Students wishing to take Empirical Finance must apply for a place in this course. The application process is described below. 

Objective & Contents

The course provides students with an understanding of important empirical methods and their application in finance. It covers topics in asset pricing, corporate finance, and market microstructure. Students will learn to perform empirical analysis using the software package Stata. They are expected to acquire, before the course commences, a level of Stata competency comparable to that taught in the Stata Tutorial each semester. The course enables students to plan and carry out empirical research in finance on their own and prepares for an empirical seminar or master thesis in the finance area. Part of the course consists of the practical application of the methods learned in the lecture to various case studies.

Learning outcomes

  • A sound understanding of empirical methods and their underlying assumptions
  • Students will be able to choose appropriate methods for given empirical problems and apply them in an efficient way
  • The case studies enable the students to develop basic programming skills in Stata

Logistics

Organization of the course
The course consists of a weekly lecture and four exercise sessions that deal with the application of the contents of the lecture in various case studies. The lectures provide the conceptual and empirical background and the cases apply the concepts to empirical research examples. All lectures and case discussions are in English.

Dates and Venues

Lectures take place in O145, on 14.03.2017 and 04.04.2017 it takes place in 001, L9, 1-2

Exercises take place in 257 PC-Pool, L7, 3-5

 

Date Time Location Type
14.02.2017 1.45 - 5.00 pm O145 Lecture
21.02.2017 1.45 - 5.00 pm O145 Lecture
28.02.2017 1.45 - 5.00 pm O145 Lecture
07.03.2017 1.45 - 5.00 pm O145 Lecture
14.03.2017 1.45 - 3.15 pm 001, L9, 1-2 Lecture
14.03.2017 3.30 - 5.00 pm 257 PC-Pool, L7, 3-5 Exercise
21.03.2017 1.45 - 5.00 pm O145 Lecture
28.03.2017 1.45 - 5.00 pm O145 Lecture
04.04.2017 1.45 - 3.15 pm 001, L9, 1-2 Lecture
04.04.20173.30 - 5.00 pm 257 PC-Pool, L7, 3-5 Exercise
09.05.2017 3.30 - 5.00 pm 257 PC-Pool, L7, 3-5 Exercise
30.05.2017 3.30 - 5.00 pm 257 PC-Pool, L7, 3-5 Exercise

 

Preliminary Case Study Schedule

  • Two weeks to solve the Case Study
  • Case Study Hand-Out always on the day of lecture, three weeks before the exercise
  • Case Study Hand-In always on the day of lecture, one week before the excercise

 

Stata Tutorials

Participation in the voluntary Stata Tutorial at the beginning of the semester or acquisition of equivalent knowledge is expected. Course materials of the Stata Tutorial will be provided.

Application Process

Register for the course via the portal (February 1 - February 16).

Priority List for all restricted courses.

Note: If this is a mandatory course for you, you should register for the course.

 

Selection criteria:

 

Applicants <= Slots: Every student is accepted

Applicants > Slots: Assignment by centralized procedure

 

Assessment

Your final grade will consist of a final exam (45%), case-studies write-ups (45%) and participation in the exercise sessions (10%).

You can hand in your case write-ups individually or in groups of up to three students.

Plagiarism Policy

Please note that we will regard any event of copying, where identical write-ups are turned in or where write-ups overlap or coincide with documents in the public domain, as a breach of the code regulating exams ("Prüfungsordnung"). At a minimum, all group members will receive a failing grade on the respective homework, regardless of whether they provided the original, copied from the original, or had somebody else copying from the original. We keep electronic copies of case write-ups for this purpose (see below).

When presenting your transcript at our secretary's office, you will be required to sign our plagiarism policy. We are commited to fair-play and will therefore treat any incidence of plagiarism as cheating. There will be absolutely no exceptions to this rule. It is your responsibility to hand in only work which is in compliance with our plagiarism rules. If in doubt, contact us before handing in your work!