LEARNING OUTCOMES
By the end of the course, students will be able to implement common econometric methods for establishing causal interpretations in financial research applications, draw informed conclusions from the resulting statistical analyses, and critically evaluate empirical academic research in corporate finance, behavioral finance, and banking with respect to research and data integrity.
Credits: 6
Schedule: 24.02.2025 - 09.04.2025
Teacher in charge (valid for whole curriculum period):
Teacher in charge (applies in this implementation): Huber
Contact information for the course (applies in this implementation):
CEFR level (valid for whole curriculum period):
Language of instruction and studies (applies in this implementation):
Teaching language: English. Languages of study attainment: English
CONTENT, ASSESSMENT AND WORKLOAD
Content
valid for whole curriculum period:
The course will cover methods used for academic empirical research in corporate finance, behavioral finance, banking, and other areas of finance. The emphasis is on causal inference and identification methods (e.g., instrumental variables, difference-in-differences, randomized experiments) as well as on research and data integrity (e.g., replicability, data transparency,). All topics will be illustrated by financial applications.
Assessment Methods and Criteria
valid for whole curriculum period:
Exam (50%) and Assignments (50%)
Workload
valid for whole curriculum period:
Classroom hours, 24 h
Class preparation, 48 h
Preparing exercise sets, 50 h
Exam preparation, 37 h
Exam, 3 h
DETAILS
Study Material
valid for whole curriculum period:
Materials provided during the course
Substitutes for Courses
valid for whole curriculum period:
Prerequisites
valid for whole curriculum period:
FURTHER INFORMATION
Further Information
valid for whole curriculum period:
The course is offered to BIZ students only. A maximum of 80 students can be accepted to the course.
Students at Aalto Finance M.Sc. programme (i.e. who have graduated as B.Sc.) will be guaranteed a seat on Finance M.Sc. courses. Students re-taking the course (grade already registered) will not be prioritized and can participate only if there are places remaining.
Remaining seats are prioritized as follows:
1. Finance M.Sc. exchange students from other universities
2. Aalto Finance B.Sc. students with a finished B.Sc. thesis (registered in transcript of records)
3. All other M.Sc. students at the School of Business.
Please carefully follow the registration deadlines of the courses and exams! Missing registration deadline automatically foregoes a guaranteed seat for Finance M.Sc. courses and puts prospective student at the bottom of the prioritization list.