Department of Economics
New York University
DOUGLAS GALE

 
 

FINANCIAL ECONOMICS

New York University is ranked fourth among world universities in financial economics: http://www.econphd.net/rank/rfinec.htm.


In the last few years there has been increasing in interest in Financial Economics among graduate students and faculty and we now regularly offer three courses in financial economics. These courses attract a significant number of students from the department, from the Stern School, and from other universities in New York City. The Department of Economics began offering Financial Economics as a field of specialization in the academic year 2002.

Financial Economics can be taken as a primary field, but it is also a natural secondary field for students specializing in Macroeconomics, International Economics, Economic Theory or Econometrics. Students who wish to take Financial Economics as a primary field are strongly advised to take additional courses offered by the Department of Finance in the Stern School. In any case, students intending to take Financial Economics as a primary field should meet with faculty NO LATER THAN the beginning of their second year to discuss their background, their proposed course of study, and their career plans.


Field Committee

Alberto Bisin
Sydney Ludvigson
Douglas Gale (chair)


Requirements for Financial Economics Field 2011-12

Primary = Students are required to take the following three courses:  fall 2011 = ECON-GA 3001-03 “Financial Economics Workshop”; spring 2012 = ECON-GA  2023 “Financial Economics III (Empirical Asset Pricing),” plus an appropriate finance course from the Stern School or Courant Institute.  An additional course from the Stern School or Courant Institute may be substituted for one or more of the above courses, subject to the requirement that the three courses taken must include both asset pricing and corporate finance, and both theory and empirical courses.  A student taking Financial Economics as a primary field must also complete a research paper.   

Secondary = Same as primary, except that the paper is not required if Financial Economics is taken as a secondary field.

Attending seminars is a critical part of a graduate student's education. As soon practicable, students should start attending one or more of the seminars offered in the Department of Economics in FAS or by the Department of Finance in the Stern School.

Link to Stern Finance PhD homepage

Link to Courant Institute Mathematics in Finance Program