PhD Course in
Financial Contracting and the
Business Cycle
Lecturer: Professor
Adriano Rampini, Duke University
University of Oslo, 20-23
August 2007
Professor
Adriano Rampini's course page
This
short course discusses the implications of financial contracting for
the business cycle and should be of interest to students of financial
economics and/or macroeconomics. The topics include the effect of
financial constraints due to agency problems and collateral constraints
on economic activity and asset prices, the role of the capital of
financial intermediaries, as well as the impact of financial
constraints on capital reallocation. The course focuses on the
theoretical literature, but relevant stylized empirical facts will also
be discussed. No background beyond first year graduate economics is
required. Familiarity with recursive macroeconomics and corporate
finance/contract theory is useful, however.
Syllabus
The syllabus suggests that
students read the four main papers (marked with a *) that will be
discussed in detail in the course in advance. To prepare for the
course, a "practice problem"
which
might help.
Preliminary
Schedule
Monday 20
August
13.15 - 16
Tuesday 21
August
9.15 - 12
Wednesday 22
August 9.15 - 12
Thursday 23
August
9.15 - 12
Research
seminar August 14.15-15.30
How to get there
The course is in room 1220 at the Department of Economics.
Subway: Take line 3 (Sognsvann)
or line 5 (Storo) westbound, to Forskningsparken. When you leave the
train, you'll go straigth ahead passing to the left of one tall
building and directly towards another 12 floor building (Eilert Sundts
hus B), where the Department is located in the 11th and 12th floor.
Building # 10 on the map .
Tram: Take line 17 or 18
towards Rikshospitalet, and depart at Nils Henrik Abels vei where you
see the tall buildings.The Department is in the first tall building to
the left.
Exam:
There will be a home exam, scheduled to about three days work for
students who have followed the course. The exam will be posted 24
September, and responses should be handed in by 1
October 11 AM, at the department office, or to tone.enger@econ.uio.no.
The course is credited with 5 ECTS in the Ph.D. program in economics at
the University of Oslo.
Contact:
The course is open to PhD students from all the Nordic
countries.
Subject to space limitations, the course is also open to PhD students
from other countries, as well as other
interested economists. There is no course fee. If you are interested in
following the course, please send a mail to
steinar.holden@econ.uio.no, before 1st June 2007. Later
registration is possible subject to availability.
For our planning purposes, please
also indicate whether you intend to take the exam.
Accommodation
We suggest that students from other universities book at Thon Hotel Europa
St Olavs gate 31 0166 Oslo Tlf.: +47 23 25 63 00 Faks.: +47 23 25 63
63 , europa.booking@thonhotels.no, and ask for specific rate
associated to UiO, NOK 890
per
night. A limited number of rooms is prereserved for this course untill
19th July,
reservation number 344 96 70.
How to get there