Courses

Courses and workshops organized within NFN are open to finance PhD students and faculty from all Nordic universities or business schools irrespective of whether their home institution is a member of NFN.

Past courses

Forthcoming courseS


Big Data Asset Pricing
OrganizerCopenhagen Business School
Instructor Lasse Heje Pedersen & Marc Hartung Eskildsen (Copenhagen Business School)
DatesJanuary 18 - February 29, 2024
PlaceCopenhagen Business School, Frederiksberg, Denmark / Hybrid
Information The aim of the class is to introduce Ph.D. students in finance and related fields to empirical asset pricing research methods using big data.

The course provides students with empirical asset pricing tools to use big data to analyze modern topics in financial economics. The course starts with a quick overview of asset pricing, empirical asset pricing, and how to work with big financial data. The course then covers the factor zoo, multiple testing adjustments, replication, machine learning in asset pricing, and asset pricing with frictions. In addition to the theoretical discussion, the students will gain access to a large data set of global equity returns and use this data to solve several mandatory exercises, which constitute an essential part of the course.

More information on the course website.
ApplicationsRegistration deadline is December 7, 2023. Link to registration can be found on the course website. Course fee is waived for NFN students.
Travel Grant NFN offers Travel Grants to cover part of the travel expenses for attending PhD students in finance coming from Nordic institutions outside of Denmark. To apply for the Travel Grant, please use this form and send it to NFN office nfn (@) aalto.fi. Remember to ask your supervisor to also send a short recommendation email. Please, send the application well in advance to make sure that the NFN office has time to process your application and you have a chance to ensure the cheapest tickets available.

Long-Term Asset Pricing and Sustainability
OrganizerNorwegian School of Economics
Instructor Christian Gollier (Toulouse School of Economics)
DatesMarch 19-22, 2024
PlaceNorwegian School of Economics, Bergen, Norway
Information

This course aims at providing science-based instruments to assist public and private decision makers in their evaluation of actions and policies in the face of long-term global risks. How should we manage nuclear wastes? How should we price greenhouse gases? What is the optimal capacity of intensive care units in hospitals in the face of the next "black death" pandemic? I will show standard asset pricing theories can be extended to extreme risks and very long time horizons to translate our responsibility towards future generations and the notion of sustainability into practical evaluation tools such as risk-adjusted discount rates (ineffectively) used by corporations and evaluators of public investment projects around the world.

This course will be mostly about how one should value investments from the viewpoint of the public good, i.e., including environmental externalities and secular impacts. I will also talk about climate finance, including the concepts of CSR and ESG criteria, and how firms and markets actually value green investments.


More information on the course website.
ApplicationsIf you are interested in participating in the course, please contact Associate Professor Konrad Raff at konrad.raff (@) nhh.no.
Travel Grant NFN offers Travel Grants for attending PhD students in finance coming from Nordic institutions outside of Norway. To apply for the Travel Grant, please use this form and send it to NFN office nfn (@) aalto.fi. Remember to ask your supervisor to also send a short recommendation email. Please, send the application well in advance to make sure that the NFN office has time to process your application and you have a chance to ensure the cheapest tickets available.


Topics in Empirical Asset Pricing
OrganizerGraduate School of Finance
Instructor Tarun Chordia (Emory University)
DatesApril 2-5, 2024
PlaceAalto University School of Business, Espoo, Finland
InformationMore information will be updated on the course website. This NFN course refers to part II of the GSF course Empirical Asset Pricing. This intensive course is worth 3 ECTS credits.
ApplicationsApplication deadline is March 11, 2024. Application instructions can be found on the course website.
Travel Grant NFN offers Travel Grants for attending PhD students in finance coming from Nordic institutions outside of Finland. To apply for the Travel Grant, please use this form and send it to NFN office nfn (@) aalto.fi. Remember to ask your supervisor to also send a short recommendation email. Please, send the application well in advance to make sure that the NFN office has time to process your application and you have a chance to ensure the cheapest tickets available.

Advanced Topics in Corporate Finance
OrganizerNorwegian School of Economics
Instructor Ran Duchin (Boston College)
DatesMay 13-16, 2024 (& final onlince session later)
PlaceNorwegian School of Economics, Bergen, Norway
Information This is an advanced PhD level course on corporate finance. Primary topics of the course concern finance & political economy and corporate governance. Moreover, the course will cover finance & ESG and financial crises. On the methodological side, emphasis will be placed on causality and identification. Finally, the course will also include sessions on the publication process and on how to conduct research.

More information on the course website.
ApplicationsIf you are interested in participating in the course, please contact Associate Professor Konrad Raff at konrad.raff (@) nhh.no.
Travel Grant NFN offers Travel Grants for attending PhD students in finance coming from Nordic institutions outside of Norway. To apply for the Travel Grant, please use this form and send it to NFN office nfn (@) aalto.fi. Remember to ask your supervisor to also send a short recommendation email. Please, send the application well in advance to make sure that the NFN office has time to process your application and you have a chance to ensure the cheapest tickets available.

Advanced Empirical Market Microstructure
OrganizerNorwegian School of Economics
Instructor Jonathan Brogaard (University of Utah)
DatesMay 20 - 24, 2024
PlaceNorwegian School of Economics, Bergen, Norway
InformationThe course introduces students to recent advances in the area of empirical market microstructure. After an introduction to event studies, we will cover the topic of news and price discovery. We will also deal with algorithmic / high frequency trading. Finally, we will examine more specialized topics such as the effect of short sales on market quality.

More information on the course website.
ApplicationsIf you are interested in participating in the course, please contact Associate Professor Konrad Raff at konrad.raff (@) nhh.no.
Travel Grant NFN offers Travel Grants for attending PhD students in finance coming from Nordic institutions outside of Norway. To apply for the Travel Grant, please use this form and send it to NFN office nfn (@) aalto.fi. Remember to ask your supervisor to also send a short recommendation email. Please, send the application well in advance to make sure that the NFN office has time to process your application and you have a chance to ensure the cheapest tickets available.


Empirical Corporate Finance
OrganizerGraduate School of Finance
Instructor Renée Adams (Saïd Business School, University of Oxford)
DatesMay 21-25, 2024
PlaceAalto University School of Business, Espoo, Finland
InformationThis course offers a doctoral level introduction to Empirical Corporate Finance and aims to prepare doctoral students to do research on their own in this field. More information will be updated on the course website.
ApplicationsApplication instructions can be found on the course website in due course. The deadline for applications is May 6, 2024.
Travel Grant NFN offers Travel Grants for attending PhD students in finance coming from Nordic institutions outside of Finland. To apply for the Travel Grant, please use this form and send it to NFN office nfn (@) aalto.fi. Remember to ask your supervisor to also send a short recommendation email. Please, send the application well in advance to make sure that the NFN office has time to process your application and you have a chance to ensure the cheapest tickets available.

Experimental Finance Summer School
OrganizerUniversity of Stavanger
Instructor Jacopo Magnani (Norwegian University of Science and Technology), Nadya Malenko (Boston College), Olga A. Rud (University of Stavanger) & Orly Sade (Hebrew University of Jerusalem)
DatesJune 8-10, 2024
PlaceUniversity of Stavanger, Stavanger, Norway
Information

The goal of the summer school is to deepen students' understanding and knowledge of the field of experimental finance.

More information on the course website.

The Summer School is organized in connection with the Experimental Finance 2024 Conference taking place on June 10-13. The students are also invited to attend the conference.The conference will also host a networking session on women in finance. More information on the conference page.

ApplicationsThe application deadline for the summer school is March 12, 2024. Please submit your CV and letter of motivation via https://www.conftool.org/ef2024/
Travel Grant NFN offers Travel Grants for attending PhD students in finance coming from Nordic institutions outside of Norway. To apply for the Travel Grant, please use this form and send it to NFN office nfn (@) aalto.fi. Remember to ask your supervisor to also send a short recommendation email. Please, send the application well in advance to make sure that the NFN office has time to process your application and you have a chance to ensure the cheapest tickets available.


Behavioral Finance
OrganizerGraduate School of Finance
Instructor Markku Kaustia (Aalto University)
DatesJune 10-14, 2024
PlaceAalto University School of Business, Espoo, Finland
Information

Behavioral Finance is an approach to the analysis of asset prices, corporate finance, and financial decision-making in general, that relaxes some key assumptions of neoclassical financial economics. Namely, it considers a larger class of objective functions, not always compatible with expected utility. Second, it entertains the possibility that expectations are sometimes biased, and not updated in a Bayesian manner. Third, it considers how various financial market frictions can form strong 'limits to arbitrage'. This course is designed to introduce doctoral students to these concepts, and to support them in developing behavioral research ideas of their own. 

ApplicationsApplication instructions can be found on the course website. The deadline for applications is May 26, 2024.
Travel Grant NFN offers Travel Grants for attending PhD students in finance coming from Nordic institutions outside of Finland. To apply for the Travel Grant, please use this form and send it to NFN office nfn (@) aalto.fi. Remember to ask your supervisor to also send a short recommendation email. Please, send the application well in advance to make sure that the NFN office has time to process your application and you have a chance to ensure the cheapest tickets available.

Summer School in Market Microstructre
OrganizerStockholm Business School, Stockholm University
Instructor Thierry Foucault (HEC Paris) & Albert Menkveld (VU Amsterdam)
DatesJuly 1-5, 2024
PlaceStockholm Business School, Stockholm University, Sweden
Information

A one-week full-time intensive course on market microstructure at PhD or advanced research master level. The course aims to acquaint students with the field of market microstructure, both theoretically and empirically. Market microstructure has grown rapidly as an important subfield of finance. Research in this field focuses on the intertwined relationships between volatility, liquidity, price discovery, market design, and ultimately welfare. Models in market microstructure provide a framework for the analysis of price movements and trading volume. More information is available at the course website.

*This edition will feature a guest lecture by Paul Milgrom (Stanford)*

Applications

Application is open, see the course website. The deadline for applications is December 1, 2023.

Travel Grant NFN offers Travel Grants for attending PhD students in finance coming from Nordic institutions outside of Sweden. To apply for the Travel Grant, please use this form and send it to NFN office nfn (@) aalto.fi. Remember to ask your supervisor to also send a short recommendation email. Please, send the application well in advance to make sure that the NFN office has time to process your application and you have a chance to ensure the cheapest tickets available.

International Finance
OrganizerStockholm Business School, Stockholm University, Sweden
Instructor Lucio Sarno (Cambridge Judge Business School, Cambridge University)
DatesAugust 5-9, 2024
PlaceStockholm Business School, Stockholm University, Sweden
Information

The course is intended for PhD students who have completed their core courses (macro, micro, econometrics, etc.). It could be considered a necessary "field course" for those interested in international macro and finance. The course is likely to be of interest to professionals in the investment industry (e.g., quants at HFTs, at hedge funds, or at buy-side institutions), or researchers in central banks or regulatory agencies. More information will be updated on the course website.

ApplicationsApplication instructions can be found on the course website in due course.
Travel Grant NFN offers Travel Grants for attending PhD students in finance coming from Nordic institutions outside of Sweden. To apply for the Travel Grant, please use this form and send it to NFN office nfn (@) aalto.fi. Remember to ask your supervisor to also send a short recommendation email. Please, send the application well in advance to make sure that the NFN office has time to process your application and you have a chance to ensure the cheapest tickets available.

Selected Topics in Asset Pricing
OrganizerGraduate School of Finance
Instructor Samuel Hartzmark (Carroll School of Management, Boston College)
DatesAugust 14-16, 2024
PlaceAalto University School of Business, Espoo, Finland
Information

This course will explore recent innovations in empirical asset pricing. Specific topics may include mispricing due to behavioral biases, predictable returns based on recurring firm events, and whether or not green investing has influenced market dynamics. 

ApplicationsPlease see course website for instructions. The deadline for applications is August 1, 2024.
Travel Grant NFN offers Travel Grants for attending PhD students in finance coming from Nordic institutions outside of Finland. To apply for the Travel Grant, please use this form and send it to NFN office nfn (@) aalto.fi. Remember to ask your supervisor to also send a short recommendation email. Please, send the application well in advance to make sure that the NFN office has time to process your application and you have a chance to ensure the cheapest tickets available.


The Financial Economics of Entrepreneurship, Private Equity and Venture Capital
OrganizerGraduate School of Finance
Instructor David Robinson (Fuqua School of Business, Duke University)
DatesAugust 26-30, 2024
PlaceAalto University School of Business, Espoo, Finland
InformationThis course is designed to provide a deep, fast-paced dive into the emerging field of entrepreneurial finance. We will cover both classic papers as well as new work. The ultimate objective of the course is to prepare advanced graduate students for research in this rapidly growing sector.
ApplicationsPlease see course website for instructions. The deadline for applications is August 11, 2024.
Travel Grant NFN offers Travel Grants for attending PhD students in finance coming from Nordic institutions outside of Finland. To apply for the Travel Grant, please use this form and send it to NFN office nfn (@) aalto.fi. Please, send the application well in advance to make sure that the NFN office has time to process your application and you have a chance to ensure the cheapest tickets available.