This course is designed to expose students interested in Financial Economics to the best practices in evaluating and forecasting risks. We will focus primarily on Value at Risk (VAR) techniques for this purpose, as this allows us to measure both risks constituted in financial market activity, and those risks undertaken when any market activity, entrepreneurial or otherwise is entered into. Additionally, the course is meant to expose students to some of the more interesting theoretical constructs and debates as well as speak to empirical regularities and conundrums in the literature. We will accomplish these goals by covering several chapters from the prescribed text, Value at Risk, 3rd edition, by Jorion, in conjunction with journal articles on selected topics.
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