Similar to econometrics as a subfield of statistics, which specializes in economic data and issues, financial econometrics is the subfield of econometrics that focuses on financial data and applications. A special feature of financial data are the so-called "stylized facts", which do not exist in a comparable way in any field of empirical economics. These properties are significant in two respects: On the one hand, they have led to the falsification or modification of popular, theoretical models in the past. On the other hand, they have been the impetus for the development of models that have been extremely successful in practice. In this course we will introduce the basics of this field.
- Trainer/in: Dennis Mao
- Trainer/in: Philipp Schiele