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

 

Topics in Finance
OrganizerSwedish House of Finance, Stockholm School of Economics
Instructor Several members of SSE faculty
DatesJanuary 19 - March 9, 2022
PlaceClasses will be held online or at the premises of the Swedish House of Finance, Stockholm
Information The course is offered every year and combines topics in corporate finance and asset pricing. The content and the lecturers may vary from one year to another. In the past, the course covered the following topics in corporate finance: the economics of credit ratings; private firms; financial intermediation; entrepreneurship; M&A; and the following topics in asset pricing: limits to arbitrage and bubbles; decentralized markets; household finance; Bayesian methods in asset pricing; predictability; higher order moments of equity returns; time-inconsistent preferences.

More information on the course website.
ApplicationsPlease register in advance with the course administrator 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. 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 Finance: Identification Strategies in Corporate Finance
OrganizerCopenhagen Business School
Instructor Kasper Meisner Nielsen (Copenhagen Business School)
DatesFebruary 23-24, 2022
PlaceCopenhagen Business School, Frederiksberg, Denmark
Information The course is designed to provide an introduction to some of the empirical methods used to identify causal effects in corporate finance. We will examine how to estimate causal effects in the presence of potentially unobserved confounding factors and how to make proper statistical inference about empirical estimates. The goal of the course is to provide PhD students with a methodological framework that will enhance their ability to design sound identification strategies in the area of corporate finance.

The course content has three main elements:
1. The students will be introduced to the main empirical methods used to identify causal effects in corporate finance. The lectures covers the main econometric challenges as well as guidance on how to estimate causal effects.
2. The course combines lectures on microeconometrics with lectures on seminal papers that apply the empirical methods to research questions in the area of corporate finance.
3. The course has a two problem sets that students must complete.
ApplicationsRegistration deadline is February 1, 2022. Link to registration can be found on the course website. Course fee is waived for NFN students.
Travel Grant NFN offers Travel Grants 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.

Empirical Asset Pricing
OrganizerCopenhagen Business School
Instructor Lasse Heje Pedersen (Copenhagen Business School)
DatesMarch 3-31, 2022
PlaceCopenhagen Business School, Frederiksberg, Denmark & online
Information The course provides students with the empirical asset pricing tools to analyze equity returns and other data to understand risk and expected return.
The course is structured as follows. The first several weeks consist of online learning in which students watch recorded lectures, work on empirical problem sets, and discuss these on live online or hybrid meetings. The final two days of the course are live (and possibly hybrid for students at other universities).

The course content has three main elements:
1. The students will gain access to a large data set of global equity returns and use this data to analyze several topical issues in asset pricing. The lectures include videos with detailed instructions on how to access this data and how to use it to solve problem sets.
2. The course also has a more theoretical element that develops the tools in modern empirical asset pricing such as factor models, multiple testing adjustments, and machine learning.
3. The course has a number of problem sets that students must complete.

More information here.
ApplicationsRegistration deadline is January 25, 2022. Link to registration can be found on the course website. Course fee is waived for NFN students.
Travel Grant NFN offers Travel Grants 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.


Hedge Funds and Performance Evaluation
OrganizerGraduate School of Finance
Instructor George Aragon (W.P. Carey School of Business, Arizona State University)
DatesApril 6-8, 2022
PlaceAalto University School of Business, Espoo, Finland
Information

This PhD mini course 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.

ApplicationsApplication deadline is March 16, 2022. 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.


Topics in Empirical Asset Pricing
OrganizerGraduate School of Finance
Instructor Tarun Chordia (Emory University)
DatesApril 19-22, 2022
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 April 8, 2022. 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.



Machine Learning for Finance 
OrganizerNord University
Instructor Doron E. Avramov (IDC Herzliya)
DatesJune 20-24, 2022
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 the course website.

ApplicationsA link to the application form can be found on the course website. The deadline for applications is May 2, 2022.
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.

Behavioral Finance
OrganizerGraduate School of Finance
Instructor Markku Kaustia (Aalto University)
DatesJune 27 - July 1, 2022
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. 

Link to course website.

ApplicationsThe registration deadline for this course is June 13, 2022. You can find the application details 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.

Investor Attention and Financial Markets
OrganizerGraduate School of Finance
Instructor Zhi Da (University of Notre Dame)
DatesAugust 17-19, 2022
PlaceAalto University School of Business, Espoo, Finland
Information

This course offers a doctoral level introduction to “Investor Attention and Financial Markets” by providing an overview of cutting-edge research on the effects of investor attention on investment and corporate decisions, valuations, as well as stock returns.

Link to course website.

ApplicationsThe registration deadline for this course is August 3, 2022. You can find the application details 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.