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

Course calendar 2020

Continuous Time Finance
OrganizerSwedish House of Finance
Instructor Professor Tomas Björk (Stockholm School of Economics)
DatesJanuary 7-21, 2020
Place Swedish House of Finance, Stockholm, Sweden
Information

The object of this course is to provide an introduction to continuous time finance, including arbitrage theory, stochastic optimal control theory, and dynamic equilibrium theory. The course also contains an introduction to stochastic differential equations and Itô calculus, which are the main mathematical tools used in this field of research. More information on the course website and here.

ApplicationsPlease register in advance with the course secretary Jenny Wahlberg Andersson,
jenny.wahlberg.andersson (@) hhs.se
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. 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.

Hedge Funds and Performance Evaluation - POSTPONED TO SPRING 2021
OrganizerGraduate School of Finance
Instructor George Aragon (W.P. Carey School of Business, Arizona State University)
DatesApril 6-8, 2020
PlaceAalto University School of Business, Espoo, Finland
Information

This workshop exposes students to recent developments in the literature on the theory and management of hedge funds. It is intended for doctoral students in finance and related fields. Topics include hedge fund trading strategies, compensation, performance evaluation, liquidity management, operational risk, and the role of arbitrageurs in capital markets.

ApplicationsPlease see the course website for how to apply.
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.

Topics in Empirical Asset Pricing - ONLINE COURSE
OrganizerGraduate School of Finance
Instructor Tarun Chordia (Emory University)
DatesApril 14-17, 2020
PlaceAalto University School of Business, Espoo, Finland
InformationLink to the course website is here. This NFN course refers to part II of the GSF course Empirical Asset Pricing. This intensive course is worth 3 ECTS credits. Grading by a closed book exam and a term paper.

The course will be organized as an online course.
ApplicationsApplication deadline is April 1, application instructions can be found on the course web page.
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.

Mini Course in Behavioral Finance - CANCELLED
OrganizerSwedish House of Finance
Instructor Tarun Chordia (Emory University)
DatesApril 20-23, 2020
Place Swedish House of Finance, Stockholm, Sweden
InformationThis course is designed to provide students with exposure to behavioral finance. We’ll begin with an overview of behavioral biases documented in the cognitive psychology literature and then discuss their implications for finance.

More information can be found on the course website and here.
ApplicationsPlease register in advance with the course secretary Jenny Wahlberg Andersson, jenny.wahlberg.andersson (@) hhs.se
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. 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.

Machine Learning for Finance  - POSTPONED
OrganizerNord University
Instructor Doron E. Avramov (IDC Herzliya)
DatesMay 4-8, 2020
PlaceNord University, Bodø, Norway
Information

The course gives the student a fundamental understanding of both elementary and advanced statistical and machine learning methods used in finance, with a focus on applications and research methods. The course gives the students a thorough introduction to topics such as ridge regression, the Lasso, Adaptive Lasso, Bridge regression, Regression Trees, Random Forest, and Neural Networks. The course gives a thorough understanding of methods such as the ordinary least squares, its shortcomings, and how, for example, machine learning can improve the estimates and their errors. Machine learning typically prescribes a vast collection of high-dimensional models attempting to predict quantities of interest while imposing regularization methods. More information on course website.

The course will be postponed to a later date.

ApplicationsPlease register by sending an email to Grete Ingemann Knudsen, grete.i.knudsen (@) nord.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. 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.

Money, Central Banks, and Financial Markets - POSTPONED
OrganizerBI Norwegian Business School
Instructor Kjell Nyborg (University of Zurich)
DatesMay 8-9 & 13-15, 2020
PlaceBI Norwegian Business School, Oslo, Norway
Information

There is growing recognition that central banks play an important role in financial markets and the financial system, not only in terms of setting short term interest rates, but also derived from the role of central bank money (liquidity). The overall objective of this course is to enhance students’ understanding of this emerging topic and to stimulate to research. To that end, we will study papers that shed light on the role of money in the financial system, the functioning of the market for liquidity, how it interacts with the broader financial markets, and the impact of central bank policies, including collateral policy. Class sessions will focus on selected empirical and theoretical papers and also introduce relevant institutional material. The course is suited for students that have completed basic PhD level core courses in finance or economics and have an interest in conducting research in the topics of the course or related areas. Assessment is in the form of a research proposal and class presentations.

More information can be found here.

The course will be postponed to a later date.

ApplicationsPlease apply for the course online. A link to the application portal can be found here (bottom of the page)
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. 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 - ONLINE COURSE
OrganizerGraduate School of Finance
Instructor Renée Adams (Saïd Business School, University of Oxford)
DatesJune 15-29, 2020
PlaceAalto University School of Business, Espoo, Finland
InformationLink to the course web page: gsf.aalto.fi/ecf

The course will be taught online.
ApplicationsApplication deadline is June 5, application instructions can be found on the course web page.
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.

Summer School on Market Microstructure - POSTPONED TO SUMMER 2021
OrganizerStockholm Business School
Instructor Thierry Foucault (HEC Paris) & Albert Menkveld (VU Amsterdam)
DatesJune 29 - July 3, 2020
Place Stockholm Business School, Stockholm, Sweden
Information More information can be found here. The course is worth 3 ECTS. The course fee is waived for PhD students from NFN institutions.

The course will be postponed to 2021, the new dates being June 7 - 11, 2021.
ApplicationsFill in the application here. Applications are accepted on a first-come first-served basis. Due to classroom size there is only a limited amount of places available. 
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. 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
POSTPONED TO SUMMER 2021
OrganizerGraduate School of Finance
Instructor David Robinson (Fuqua School of Business, Duke University)
DatesJuly 27-31, 2020
PlaceAalto University School of Business, Espoo, Finland
InformationThis course is an introduction to recent research on the small business economics (entrepreneurship) as well as the private equity/venture capital. This course is designed to provide a deep, fast-paced dive into the field of entrepreneurial finance. We will cover both classic papers as well as new work. The ultimate objective of the course is to prepare doctoral students for doing research in this rapidly growing sector. More information on the course web page.
ApplicationsApplication deadline is July 2, application instructions can be found on the course web page.
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.

Cash Flow, Discount Rate News, and Return Predictability - POSTPONED TO SUMMER 2021
OrganizerGraduate School of Finance
Instructor Zhi Da (Mendoza College of Business, University of Notre Dame)
DatesAugust 17-19, 2020
PlaceAalto University School of Business, Espoo, Finland
InformationA central issue in finance is whether stock prices move because of revision in expected cash flows or discount rates. This intensive course deals with the crucial question of what drives stock price movements. We will go over the standard approach based on return predictability, the related econometric and measurement issues. We will also review the main empirical findings in the last 30 years. This courses does not require advance training on asset pricing. Basic knowledge of present value calculation should suffice. 
ApplicationsApplication deadline is August 3, application instructions can be found on the course web page.
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.

Behavioral Finance
OrganizerGraduate School of Finance
Instructor Markku Kaustia (Aalto University School of Business)
DatesFall 2020
PlaceAalto University School of Business, Espoo, Finland
InformationMore information can be found on the course website
ApplicationsTBA
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.