Mini courses

14 June to 18 June: Summer school market microstructure (SBS)

Course teachers
Thierry Foucault, HEC Paris
Albert J. Menkveld, Vrije Universiteit Amsterdam

The course aims to acquaint students with the field of market microstructure, both theoretically and empirically.

After the course students will be aware of canonical models in microstructure and how they can be adapted to study the effects of recent changes in market structures and trading technologies.

Summer school market microstructure

Spring 2027: Housing and the macroeconomy EC38045 (SU)

Course coordinator
Brian Higgings

Housing markets are central to macroeconomic fluctuations, household balance sheets, credit markets, and public policy. This short course introduces students to the key economic mechanisms linking housing, mortgage markets, consumption, credit, and aggregate dynamics. The course combines theory, quantitative modelling, and empirical evidence, with an emphasis on tools that are useful for current research and policy analysis.

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Housing and the macroeconomy EC38045

Autumn 2026: Banking and financial macro EC38046 (SU)

Course coordinators
Kyle Dempsey
Rustam Jamilov

Financial intermediation plays a central role in shaping aggregate outcomes and macroeconomic dynamics. The sector’s regulation is a central concern of policymakers across the globe. This course introduces students to key concepts, empirical facts, and quantitative models relevant for understanding the interplay between financial intermediaries and the macroeconomy.

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Banking and financial macro EC38046

Spring 2026

Continuous-time macroeconomics and finance EC38044

Course director
Jinglun Yao

Continuous-time methods are increasingly applied in macroeconomics and finance due to its elegance, its relative easiness to derive analytical results, and its ability to take advantage of existing computational methods in applied mathematics. Nevertheless, technical hurdles prevents its usage from a wider audience. The course will thus be partly methodological, and partly about essence, with the objective of being accessible to graduate students in economics and finance.

The first part of the course deals with heterogeneous-agent models in a continuous-time setting, and the second part martingale theory of asset pricing with general equilibrium applications. Mathematical background and computational methods are introduced along the way.

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Continuous-time macroeconomics and finance EC38044

Unconventional monetary policy: Theory and practice EC38037

Course director
Ciaran Rogers

This course helps students understand asset purchases as a monetary policy tool, both in theory and in practice.

It begins with introducing and describing the mechanics of asset purchases. It then moves towards illustrating how the literature incorporates this policy tool into otherwise standard models, exploring a variety of potential mechanisms for its transmission, and to what extent it holds up in the data.

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Unconventional monetary policy: Theory and practice EC38037

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Course details PhD programme in Economics