CDSEM

Zentrum für wirtschaftswissenschaftliche Doktorandenstudien
Center for Doctoral Studies in Economics & Management

Finance Program

General Structure

The PhD program in finance consists of 3 semesters of course work and extends over 3 to 4 years overall. During the first 3 semesters the student must take the compulsory courses in Microeconomics I, II and III, Econometrics I, II and III, Finance I and Finance II, and must chose 4 field courses.

From the second semester on, students are required to participate in the weekly CDSEM doctoral seminar and the weekly finance seminar.

The second and third year are mainly devoted to the writing of the thesis.

Students decide about their thesis supervisor and topic until the 3rd semester.

Program:

1st semester	2nd Semester
Mathematics (compact course at the beginning of semester) Microeconomics I (2h course & 1h exercise) Finance I: Capital Markets (2h course & 1h exercise) Econometrics I (2h course & 1h exercise) Microeconomics II (2h course & 1h exercise) Econometrics II (2h course & 1h exercise) CDSEM seminar finance seminar	Microeconomics III (2h course) Finance II: Continuous Time Finance (2h course) Field Course I (2-4 h course) Field Course II (2-4 h course) Field Course III (2-4 h course) CDSEM seminar finance seminar
3rd Semester	4th semester and higher
(If not yet taken) Field Course IV (2-4 h course) CDSEM seminar finance seminar	CDSEM seminar finance seminar thesis work

In the past field courses have been offered in the following fields:

Microeconometrics
Time Series Analysis
Semiparametric Methods
Asymptotic Econometrics
Game Theory
Auction Theory
General Equilibrium
Contract Theory

Industrial Organization
International Trade
Growth Theory
Macroeconomics
Dynamic Macroeconomics
Behavioral Finance
Financial Econometrics

Click here for the letter of the Director of the CDSEM to the first-year doctoral students for their second semester (summer term 2006).

Click here for tentative weekly course plan in summer semester 2006 for the first year students.

Click here for the letter of the Director of the CDSEM to the first-year doctoral students and the course program in the academic year 2005/2006.

Click here for tentative weekly course plan in winter semester 2005/2006 for the first year students.

Degree requirements

Completion of the course program
Completion, submission and acceptance of the thesis
Thesis defense
Degree: Dr. rer. pol.

See also program rules and Ph.D. regulations of the departments of economics and of business administration (only in German).

last modified: 14. 07. 2006