HA-Spring2023

Heterogeneous Agents in Asset Pricing: A Continuous-Time Approach

Spring 2023: January 14 – April 22

This program will take place online

Description

This is a graduate-level course in heterogeneous agents in asset pricing (continuous-time approach). This Course is research-oriented, so I expect students to present a research proposal at the end of the Course. Furthermore, all topics will be reviewed in searching for research ideas. First, we examine the current literature and the future research agenda in this area. We then review the fundamentals, such as stochastic calculus, dynamic programming, and the martingale approach in continuous time. Based on these building blocks, we will study a general equilibrium asset pricing model with a representative agent and numerical methods to solve the Hamilton-Jacobi-Bellman equation. Finally, we will explore models related to heterogeneity in preferences, beliefs, and labor income risks.

Instructor

Hamilton Galindo Gil, Ph.D.: Assistant Professor of Finance at Cleveland State University (CSU) and the Executive Director and Founder of the Research Institute in Economics and Finance (RIEF). Before joining CSU, He received a Ph.D. in Finance from Arizona State University.

Scholarship

The RIEF fully funds this program. Currently, we have 24 scholarships available. Therefore, when you apply to this Course, you are also applying for this scholarship.

Program

Every lecture lasts three hours and starts at 9 am (Lima, Peru Time) Saturday. You can see the Syllabus.

Application Process

The application is open to any graduate, advanced undergraduate students, and Faculty. We are open to participants from any field, but we expect participants to come mainly from economics and finance.

1° Fill out the following form:

Application Form

2° After filling out the form, you must email rief@ri-ef.com (with the words “Course: HA-Spring2023” in the subject box). The following documents:

  1. A full CV
  2. A motivation letter explaining why attending this Course would be helpful to the applicant’s research. 
  3. Application Fee (voucher): S/. 50.00

The application deadline is January 8, 2023. Decisions will be made by January 12, 2023.

Application Fee

  Price        
Peru S/ 50.00

Interbank Bank:

Cuenta: 8983326247334

Mobile:

993655766
Foreign $ 15.00

PayPal:

Write to rief@ri-ef.com, indicating your full name and email to generate the payment order, subject: HA-Spring2023 – PAYMENT ORDER

    

The previous bank accounts are in the name of Lessly Vanessa Panta Mendoza – Administrative Coordinator of the RIEF.