Prerequisites

Prior to commencing the program, all admitted students would be required to complete the following courses at an advanced undergraduate level:

• Probability
• Statistics
• Microeconomics
• Two semester of Calculus
• Linear Algebra and Matrix Theory
• Computer programming

Required PhD Courses

• (PhD) B9206 Microeconomic Analysis I (1.5 Credit) (Fall first year)
• (PhD) B9208 Microeconomic Analysis II (1.5 Credit) (Spring-first year)
• (PhD) B9209 Microeconomic Analysis III (1.5 Credit) (Fall- second year)
• (PhD) B9211 Microeconomic Analysis IV (1.5 Credit) (Spring- second year)
• (PhD) B9302 Finance Theory I (Fall-first year)
• (PhD) B9323 Introduction to Econometrics and Statistical Inference (Fall first year)
• (PhD) B9325 Financial Econometrics- Time Series (1.5 Credit) (Spring first year)
• (PhD) B9325 Financial Econometrics- Panel Data (1.5 Credit) (Spring first year)
• (PhD) B9319 Asset Pricing Theory (Second year)
• (PhD) B9331 Empirical Asset Pricing (Second year)
• (PhD) B9332 Corporate Finance Theory (Second year)
• (Masters) B9805 Thesis Seminar and MS Thesis (Spring, second year)
• (PhD) B9122 Computing for Business Research (varies)

Elective (offerings may vary from year to year)

• (PhD) B9330 Microstructure theory
• (PhD) B9320 Empirical Asset Pricing II
• (PhD) B9311 Computational Methods for Bayesian inference
• (PhD) B9801 Computational Finance
• (PhD) B9329 Empirical Methods in Corporate Finance
• (PhD) B9310 Behavioral Finance
• (PhD) B9304 Models and Methods of Continuous Time Finance
• (PhD) B8695 MS Machine Learning

Required MBA Level Courses

• (MBA) B6302 Capital Markets (Fall, first year)*
• (MBA) B8309 Debt markets (First year)
• (MBA) B8323 Asset Management (Spring first year or Fall second year)

Elective MBA Courses

• (MBA) B8835 Quantitative Finance: Models and Computation
• (MBA) B8309 Derivatives
• (MBA) B8307 Advanced corporate finance
• B8835 Quantitative Finance: Models and Computation

Typical first year course of study

First semester

• (PhD) B8207 Microeconomic Analysis I
• (PhD) B9323 Introduction to Econometrics
• (MBA) B6302 Capital Markets
• (PhD) B9302 Finance Theory

Second semester

• (PhD) B8208 Microeconomic Analysis II
• (PhD) B9325 Financial Econometrics
• (MBA) Debt Markets
• (PhD) B9330 Microstructure theory