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Independent Work Requirement

In addition to completing the core and elective course requirements, all finance certificate students must write an independent work in finance.
  • ECO majors must write a senior thesis with significant finance content.
  • ORF majors must write either a senior thesis (ORF 478) or an independent project (ORF 479) deemed equivalent by the ORF department. In either case, the independent work must contain significant finance content.
  • Certificate students concentrating in other departments have the option of incorporating finance into at least one chapter of their senior thesis, focusing their junior paper written under the direct supervision of a faculty member assigned to them by their department, or submitting a separate independent paper.
Non-ECO/ORF students who would like to submit an independent paper can choose to:
  • Submit a paper done in conjunction with one of the two core courses (ECO 362 or ECO 363)
  • Write a separate independent paper.  All independent papers should be at least 12-15 pages long and contain significant finance content. If an advisor is needed to help with the independent paper, the PR will assign a master in finance student for one semester during their senior year.
There is a wide range of possibilities for topics that could satisfy both the program and a department. Some examples: in Art and Archaeology, art prices as reflections of changing cultural and aesthetic tastes; in Civil and Environmental Engineering, the financial feasibility of wind farms; in English, literary portrayals of the social effects of economic depression; in History, the history of the Japanese stock exchange; in Music, the funding of 18th century composers; in Politics, the changing character of securities regulation; in Psychology, any topic in behavioral finance.
The Program Representative (PR) can provide advice about the suitability of a proposed topic.
In all cases, the primary thrust of the independent work is issues or methods drawn from finance.
Deadline for the independent work:
  • Senior Thesis deadline is the same deadline as for your department major
  • Independent Paper deadline is Dean’s Date for spring term.

All papers will require a one paragraph summary or abstract of the paper’s finance content and the name of the advisor who assisted with the thesis or paper. The PR will review all papers and confirm that the work did indeed include significant finance. Faculty advisors who are uncertain about whether the finance requirement has been satisfied are encouraged to ask the PR for his opinion.

2014 Senior Thesis and Independent Work by Major
A Behavioral Analysis of American Market Responses to the Greek Credit Crisis
Development of NanoParticle-Gel Microparticle Drug Delivery Vehicle for Lung Cancer Patients
Where Does Geopolitical Risk Manifest?: The Effect of the Ukrainian Crisis on Financial Assets
A Look at Investing in Hydraulic Fracturing and Shale Gas
Analysis of Stock Prediction Using Online Learning Methods
Testing Relative Purchasing Power Parity in sub Saharan Africa - Using Empirical Data to Test PPP and Relate to Conflict
YUM! Brands: Sweet and not too sour
Public Sentiment Analysis to Predict Movements in the Stock Market
Sentiment Analysis of Financial News

The Case for Dynamic Spectrum Allocation in the 2015 Federal Communications
Commission (FCC) spectrum auction

Analyzing Sentiment in the News, and Its Effects on Economic Sectors
Greek Fiscal Policy and the Euro
Analysis of Risk in Chess
Picking Picassos: Differentiating Artists by Gini Ratio as a Measure of Brand and Innovative Style
Value of Conglomerate Business Structure in Liquidity Crisis: Evidence from Korea during Asian Financial Crisis
Personal CEO Characteristics and Firm Capital Structures
Analyzing Acquirer Returns in the Software-as-a-Service Sector
The Effects of the Euro on Financial Flows Using Gravity Equation Estimations
Understanding Bitcoin: Cryptography, Monetary Theory, and Valuation
Play - Money Poker
The Housing Market “Contagion Effect”: Evidence for Time-Varying Volatility and Misperceptions of Risk Effects Between the U.S. Housing and Stock Markets Around the 2007-2009 Financial Crisis
 A Game of Domes: Analyzing the Effect of Corporate Purchases of Stadium Naming Rights on Firm Stock Prices
Small Firms Effect and Crisis:  Empirical Analysis of the Size Effect in Equity Returns from 1995-2012
Fundamental Effects in the United States Housing Market
Hedge Fund Activism: An Empirical Analysis of its Impact on Shareholder Value
Put A Stock In It: Analyzing the Impact of FOMC Announcements on the Equity Market In Various Environments
The Effect of Safe Asset Shortages on U.S. Financial Markets: An Empirical Analysis
Machine Learning Classification in Economics: Applications for the Business Cycle and Monetary Policy
Determinants of Public Company Survival Duration After A Sponsor-Backed IPO: A Survival Analysis
Re-evaluating Corporate Greening: An Empirical Analysis of Environmental Publicity and Corporate Financial Performance
An Event Study Analysis of The Effects of Quantitative Easing on Long-Term Assets Yields
Contracting for Defense: An Analysis of Defense Acquisition Contracts and Cost Overruns
Fracking In The United States: An Applied Microeconomic Approach To the Shale Gas Revolution
Corporate Real Assets and Employment Decisions
The Impact of High-Frequency Trading Regulatory Regimes on European Market Quality
The Pricing of Systematic Risks in Corporate Stock and Bond Markets
Monte Carlo Simulations of Contagion in the US Banking System A Network Theory Approach to Systemic Risk
The Timing of Intra-Industry Information Transfers, 1995-2012: A Signal Extraction Approach
A Revised Mergers and Acquisitions Landscape: A Unified Theory Across Transaction Types
The Crisis Aftermath: Understanding Variability in Housing Recovery at the Metropolitan Level
Disasters, Man-Made and Natural: The Effects of Oil Spills and Hurricanes in The Gulf of Mexico on Clean Energy Stock Prices
Bargaining Micro-foundations of Decentralized Markets, Competition, and Reputation
Libor Manipulation Structural Breaks in Interest Rates and the Impact on Select U.S. School Districts
Real Exchange Rate Fluctuations in Emerging Markets: The Role of Money, Demand, and Supply Shocks
Examining Japan’s Saving Rate through Credit Constraints
Understanding the Impact of Federal Reserve Announcements in Emerging Markets
An Investigation on the Income and Employment Effects of the North Dakota Oil and Gas Boom
Corporate Governance and Stock Return:  Before, During, and After 2007-2008 Financial Crisis
Credit Rating Reversals in Securitized Products and Corporate Bonds
An Examination of The Computational Viability of a Weighted-Sum Executions Method in Short-Horizon Trading
Analyzing Risk Parity Investment: A Look at Historical Performance and Future Potential
Analyzing Transformer Replacement Policies: A Simulation Approach to Reducing Failure Risk
Copacetic: An Optimization Platform for Software Defined Networks
Exploring the Influence of Technology M&A through Patents, R&D Spending, and Market Valuation
A Vector Autoregression Analysis of Quantitative Easing's Housing Sector Impacts in the United States
Measuring Risk: Using The Markowitz Model, Conditional Value at Risk, and Risk Parity for Asset Allocation In Medium-Duration Investments
Can Alternative Dogs of the Dow Beat Hedge Funds?
Predicting the Impact of the American Airlines-US Airways Merger on Domestic Airfares
Examining Volatility in the Equity and Oil Markets Through Volatility Swaps and the Volatility Skew
A Different Approach to Modelling Changes in Stock Prices
Optimal Yield Commodity Indices in Context of the Open Interest Term Structure
A Follow-Up Study on the Volume-Volatility Relation in the U.S. Municipal Bond Market
Monte Carlo Simulation in Valuing Parisian and Parasian Barrier Options
Hedge Fund Replication: From Linear Model to Markovian Model
Analyzing Localized Commodity Returns in the Context of Terrorist Attacks: A Two Phase Approach
An Analysis of Economically Efficient Insurance Schemes for Automated Vehicles
Long Term Financial Planning for Sovereign Wealth Funds and Family Offices: A Multistage Stochastic Programming Approach
Psychological Arbitrage: An Analysis of the Dynamics of Apple's Stock Price in Neighborhoods of Round Numbers
Traders Without Borders: A comparative study of the efficacy of trend-prediction trading strategies between Indian and U.S. markets and its implications on market efficiency
Quantification of  Central Counterparty Risk: A Clearing Member's Perspective
Casual Price Discrimination:  An Analysis of the Healthcare Costs Associated with Motor Vehicle and Transportation Collisions
A comparison of modeling techniques for time-varying beta in Asia-Pacific real estate investment trusts
Neural Networks in FX Derivatives Trading:  Analyzing Artificial Intelligence Techniques to Price GBP/USD Options
Replicating Electricity Spot Prices Through Inverse Optimization Of Supply Shocks
Democracy & Sustainable Energy Transitions: The Role of Liberal Democratic Factors in Renewable Energy Policy & Technology Adoption
A study on scarcity: How having too little time affects cognitive abilities
The Efficiency and Formation of Strategic Corporate Alliances: A Game Theory Approach
The Maestro's Baton: How Federal Reserve Chairs Influence Policy
Peril in Europe's Periphery: A Comparison of the Banking Crises in Ireland, Iceland and Cyprus
FDI Follows the Flag: State Influence Over Foreign Firms in China
Emerging Markets: A Cure for Big Pharma’s Ails
Playing Our Cards Wrong: Behavioral and Competitive Challenges in U.S. Payments Markets