Universität Wien

040652 VK KFK CF/FM: Advanced Empirical Finance (2012S)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work

The course consist of 2 weekly hours (Monday, 12 to 14) alternatively in Lecture room 12 or in Lab 2. the attendance is compulsory.
Additional times have been booked for personal study and practise of Eviews in Lab 2, but they are not compulsory.
The attendance of Empirical Finance (winter term) or similar course is a pre-requisite for this course.

Registration/Deregistration

Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).

Details

max. 50 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

  • Monday 05.03. 12:00 - 14:00 Hörsaal 12
  • Monday 19.03. 10:00 - 13:00 EDV-Labor 2
  • Monday 19.03. 13:00 - 14:00 EDV-Labor 2
  • Monday 26.03. 11:00 - 13:00 Hörsaal 12
  • Monday 16.04. 12:00 - 14:00 Hörsaal 12
  • Monday 23.04. 10:00 - 14:00 EDV-Labor 2
  • Monday 30.04. 12:00 - 14:00 Hörsaal 12
  • Monday 07.05. 10:00 - 14:00 EDV-Labor 2
  • Monday 14.05. 11:00 - 14:00 EDV-Labor 2
    Hörsaal 12
  • Monday 21.05. 11:00 - 14:00 EDV-Labor 2
  • Monday 04.06. 10:00 - 14:00 EDV-Labor 2
  • Monday 11.06. 11:00 - 14:00 EDV-Labor 2
    Hörsaal 12
  • Monday 18.06. 11:00 - 14:00 EDV-Labor 2
  • Monday 25.06. 11:00 - 14:00 Hörsaal 12

Information

Aims, contents and method of the course

Topics covered in Lectures and Lab Classes:
1. Introduction: Are markets efficient?
2. Market anomalies
3. Topics in market microstructure
4. Volatility models
5. Switching models
6. Simulation methods
7. Panel data methods
8. Maximum likelihood estimation

Assessment and permitted materials

Assessment is based on periodic pieces of homework, a group empirical project that will be presented during the course and a final individual exam.

Minimum requirements and assessment criteria

This course follows the introductory course of Empirical Finance (winter term). It aims to focus more in depths on more advanced and the most recent topics in Financial Econometrics and Empirical finance, such as different estimation techniques, time series and panel data, volatility models, switching models and simulation methods

Examination topics

At alternate weeks, 2-hour lectures will be intended to provide the students with the theoretical and intuitive understanding of the econometric techniques of interests.
Then, 2-hour labs will be dedicated to hands-on computer work using the statistical software Eviews, with emphasis on the interpretation of the results.

Reading list

Main textbooks:
- Robert Sollis (2011), Empirical Finance for finance and banking, Wiley (selected chapters),
- Chris Brooks, (2008), Introductory Econometrics for Finance, Cambridge University Press (selected chapters)
- Stephen J. Taylor (2005) Asset price dynamics, Volatility and Prediction, Princeton University Press (selected chapters)

Association in the course directory

Last modified: Mo 07.09.2020 15:29