In this course, students prepare their own empirical projects on selected finance topics. They will:

• Formulate and desig their own research project
• Find and analyze data to answer their research question
• Present and write down the results

After an initial meeting repeating the contents of last semesters course "Empirical Methods in Finance", students will select a research area and find their own research question in that area. They will then gather data and prepare an empirical analysis of that research question in the course. Instead of in-class lectures, students will then meet with the instructors in groups to discuss the progress of the project. The final output will be a short research paper and a presentation. Each group will also discuss the work of another group.

• Differentiate between correlation and causality
• Read and interpret modern applied economics (finance) research
  • Interpret regression outputs
  • Evaluate and criticize
• Asking an empirical research question
• Finding and Analyzing data to answer said question

Students are required to attend the first meeting and ALL individual group meetings. Attendance is also mandatory for the final presentation session.

1. Research Project
   1. Research topic selection (first week)
   2. Topic assignment (secondweek)
   3. First meeting session about empirical projects (fourth week)
   4. Further group meetings (April/May/June)
   5. Research paper (End of June)
   6. Presentations (End of June)

• Research paper: 50 points
• Presentation of paper: 30 points
• Discussion of other groups paper: 20 points

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Completion of the Course "Empirical Methods in Finance"

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