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Financial Economics

This field is designed to prepare students to deal with theoretical and practical problems in the areas of modern finance relevant to portfolio management, financial management, and capital markets. Included are analytical and empirical approaches to:

  • Portfolio analysis
  • Consumption and investment decision under uncertainty
  • Theories of market equilibrium
  • Dynamic behavior of asset prices in the financial and real sectors and the concept of efficient markets
  • Relationships between the financial and real sectors
  • Normative theory of financial management

Required Course Work
Economics 83000, Financial Markets and Instruments (required as a foundational course)
Economics 83600, Financial Theory and Engineering
Finance 70000, Financial Institutions
Finance 81100, Corporate Finance Theory
Finance 83000, Financial Markets 
Finance 83200, Market Microstructure
Finance 89000, Options
Finance 79600, Empirical Corporate Finance

Other courses in the PhD Program in Finance may be substituted subject to the approval of the Executive Offices of the PhD Program in Economics. 

Faculty Members and Areas of Research Interest

Karna Basu (Hunter), Behavioral Economics and Development
Sean Crockett (Baruch), Experimental Economics, Behavioral Economics, General Equilibrium Theory
Gayle DeLong (Baruch), International Finance, Financial Institutions
Christos Giannikos (Baruch), Financial Economics, International Finance
Devra L. Golbe (Hunter), Corporate Finance, Industrial Organization
Armen Hovakimian (Baruch), Corporate Finance, Financial Institutions
Norman Kleinberg (Baruch), Mathematical Finance, Mathematical Economics
Ingmar Nyman (Hunter), Industrial Organization, Corporate Finance
Joan Nix (Queens), Investor Education and Behavioral Finance 
Francisco Penaranda (Queens), Asset Pricing, Protfolio Management
Lin Peng( Baruch), Financial Economics, Financial Institutions
Robert Schwartz (Baruch), Financial Economics, Security Market Microstructure
Yochanan Shachmurove (City), Applied Econometrics, International Economics, Entrepreneurial Finance
George Vachadze (CSI), Financial Economics, International Economics, Economics Development and Growth​
Tao Wang (Queens), Financial Economics, Applied Econometrics, International Finance and Macroeconomics
Liuren Wu (Baruch), Financial Economics, Monetary Economics, International Trade and Economics, Theoretical and Empirical Asset Pricing, Option Pricing, Term Structure Modeling, Credit Risk, Market Microstructure​

Last updated: May 3, 2019