PhD Summer School in Finance
PhD Summer School in Finance
PhD Summer School in Finance
-was last arranged in August 22 - September 06, 2019
The PhD Summer School in Finance provides an exclusive opportunity to PhD students to both explore the student city Trondheim and gain expertise and unique learning outcomes from following fields: empirical finance, empirical banking, complexity and behaviour, real estate finance and financial regulation.
The PhD Workshop - September 2, 2019.
In addition, The PhD workshop is going to be held September 2, 2019. The workshop is planned to be an informal gathering and arena that allows course attendees to present their papers and get feedback from senior scholars. The participants in the summer school are responsible for their own travel and overnight expenses. There is no registration fee for the workshop participants.
We encourage participants to attend the entire summer school programme.
However, it is allowed to apply for single courses only.
For registration
Please register by sending an email to the contact person Randi Leikvold
Applcation deadline: May 28, 2019.
Program
| Invited professors | Period of course | Course title | Credits points |
|---|---|---|---|
|
Florentina Paraschiv Professor of Financial Economics NTNU Business School |
22rd - 23rd August 10-12 and 14-16 (each day) |
Quantitative Aspects of Financial Regulation | 3 ECTS |
|
Steven Ongena Professor of Banking University of Zuerich |
26rd - 28rd August 29rd August |
Empirical Banking – Methods and Applications |
3 ECTS |
| Cars Hommes Professor of Quantitative Economics University of Amsterdam |
26rd - 28rd August 29rd August |
Complexity & Behaviour | 3 ECTS |
PhD Wokshop 2 September All day event with lunch break |
|||
| Paul Söderlind Professor of Finance University of St. Gallen |
03rd - 06rd September |
Empirical Finance | 3 ECTS |
| Roland Füss Professor of Real Estate Finance |
03rd - 06rd September |
Real Estate Finance | 3 ECTS |
Courses
Empirical Banking Methods and Applications
Quantitative Aspects of Financial Regulation
Complexity & Behaviour (3 ECTS)
Cars Hommes, Professor of Quantitative Economics
University of Amsterdam
Short course description:
The leading paradigm in economics and finance assumes that all economic agents (households, firms, investors) are perfectly rational in making their decisions. This leads to the standard representative rational agent model. In this course, we view the economy as a complex system with interacting boundedly rational heterogeneous agents. A central question is: which emerging aggregate behavior arises through the interactions of individual decisions of boundedly rational heterogeneous agents at the micro level? Topics include:
Course content:
• Introduction to complex dynamics, chaos and bifurcations
• Animal spirits and boom and bust cycles
• Expectations and adaptive learning
• Agent-based models
• Heterogeneous agents models
• Experimental macro & finance
• Behavioural macro & finance
Literature: C.H. Hommes, Behavioural rationality and heterogeneous expectations in complex economic systems, Cambridge University Press 2013, 250 pages.
Exam: Term paper
Empirical Banking Methods and Applications(3 ECTS)
Steven Ongena, Professor of Banking,
University of Zürich
Empirical Finance (3 ECTS)
Paul Söderlind, Professor of Finance,
University of St. Gallen
Real Estate Finance (3 ECTS)
Roland Füss, Professor of Real Estate Finance,
University of St. Gallen
Quantitative Aspects of Financial Regulation (3 ECTS)
Florentina Paraschiv, Professor of Financial Economics NTNU Business School
Short course description:
In the post crisis period, topics like interest rate risk, liquidity risk or credit risk particularly attracted the attention of financial regulators. The Basel Committee highlighted weaknesses in the organizational aspects of stress testing programs and practices prior to the start of the crisis. Finding rigorous risk measures for the trading book is a key actual issue in the financial institutions. Therefore, it is of major importance, in our days, to get a deep understanding of the risk management and measurement methodologies as well as an overview of the current regulatory framework.
Course content:
The objective of this course is to offer a comprehensive view of the financial regulations regarding the interest risk and liquidity risk management, credit risk and operational risk issues, as well as on the regulators' requirements on stress testing procedures. After understanding the regulatory framework, students have the opportunity to learn about risk measurement techniques proposed by the academic literature, or widely used in the industry. Case studies will help students to come closer to the implementation of notable stress testing techniques like stressed VaR, time-varying volatility in VaR or extreme value theory applications.
Literature: About 150 pages from Basel II, Basel III, Basel III(b) which will be provided at the class. 5 working papers on financial regulation which will be provided at the class.
Exam: Term paper.
Trondheim Business School
The Summer School will be held at campus Elgeseter. The rust-colored landmark building of Trondheim Business School is located on one of the main routes leading into the city center. The campus is fully equipped with state of the art classrooms, groop rooms, cafeteria and library.
Funding
