The 2019 Winter Camp of Quantitative Economics and Finance is hosted by Sargent Institute of Quantitative Economics and Finance (SIQEF) at Peking University HSBC Business School (PHBS). The Winter Camp is designed and organized by Professor Thomas Sargent. It intends to offer rigorous training in programming, math, and Economics to undergraduate students who have the ambition pursue a Ph.D. in Economics and Finance.
The Sargent Institute of Quantitative Economics and Finance (SIQEF) at Peking University HSBC Business School is dedicated to research in macroeconomics, investment, economics, and finance, focusing on the application of quantitative tools such as artificial intelligence and big data in Economic analysis.
The mission of SIQEF is to promote the innovation and development of the frontier areas of quantitative economics and finance theory, and to provide a new theoretical basis for the formulation of macroeconomic policies and the invention of intelligent financial instruments, providing a prospective and professional decision-making reference for a sustainable economic development and macroeconomic policy control.
Professor Thomas Sargent, the 2011 Nobel laureate in Economics, serves as the Director of SIQEF.
Peking University HSBC Business School (PHBS) was founded in 2004 with the intention to advance Peking University (PKU)’s involvement in the global economics, finance, and management research.
Located in Shenzhen, PHBS brings Peking University’s historical presence and first-tier business education programs to the country’s south and benefits from the dynamic and entrepreneurial spirit of the thriving city. As an additional advantage, the proximity to Hong Kong, a world financial hub, provides unmatched opportunities for the entire campus community.
PHBS currently offers a doctoral program, specialized Master’s programs, dual-degree-Master’s programs with the National University of Singapore, a MBA program, an Executive MBA program, and numerous executive development programs.
To provide in-depth Chinese educational experiences with a global perspective, PHBS admits international students into the specialized Master’s and MBA programs. PHBS is accredited for EPAS by EFMD and is in the process of AACSB accreditation.
QuantEcon is a NumFOCUS fiscally sponsored project dedicated to development and documentation of modern open source computational tools for economics, econometrics, and decision making. We welcome contributions and collaboration from the economics community and other partner organizations.
The Winter Camp provides an 8-day intensive training in Python programming and its applications in Economics. Professor Sargent has designed the Winter Camp classes with a focus on teaching a useful set of quantitative tools used in modern Economics. Roughly, the first 2 days will be devoted to review basic syntax and packages in Python. In the next 3 days, we focus on handing out tools, and in the later 3 days, various applications of the tools in Economics will be covered.
On each day, lectures will be held in the morning from 9:00AM to 12:00PM, and then in the afternoon, from 14:00PM to 17:30PM. Computer lab will remain open between 19:00PM to 22:00PM in the evening for students to do after-class practices and preview for the next day’s classes. After-class practices should be completed and submitted in groups.
Thomas Sargent
Professor at New York University
Director of Sargent Institute of Quantitative Economics and Finance
Peking University HSBC Business School
Wen HAI
Professor
Vice Chairman of Peking University Council
Dean of HSBC Business School
Xianhua PENG
Associate Professor
Peking University HSBC Business School
Quentin BATISTA
Researcher
Sargent Institute of Quantitative Economics and Finance
Brandon KAPLOWITZ
Predoctoral fellow for Thomas Sargent at New York University
Jiao SHI
Assistant Professor
Peking University HSBC Business School
Natasha WATKINS
QuantEcon Early Career Researcher
Jake ZHAO
Assistant Professor
Peking University HSBC Business School
Peifan WU
Ph.D. Candidate
Stern School of Business
New York University
| Day | Time | Event | Instructor | Venue |
|---|---|---|---|---|
| Jan 20 | 09:00-15:00 | Registration | PHBS Lobby | |
| 15:40 | Depart to PHBS building | AIILIFE Hotel Lobby | ||
| 16:00-19:00 | PHBS Building Tour, PKUSZ Campus Tour, Dinner |
PHBS PKU Cafeteria |
||
| 19:00-20:30 | PHBS Introduction | Wen HAI | PHBS RM333 | |
| Jan 21 | 09:00-10:00 | Opening Ceremony | PHBS RM509 | |
| 10:00-12:00 | Introduction to Python | Natasha WATKINS | PHBS RM513 | |
| 14:00-17:30 | Scientific Libraries | Natasha WATKINS | PHBS RM513 | |
| 19:00-22:00 | Homework & Preview | PHBS RM513 | ||
| Jan 22 | 09:00-12:00 | Advanced Python Programming | Jake ZHAO | PHBS RM513 |
| 14:00-15:00 | Lecture on Quantitative Economics | Thomas SARGENT | PHBS RM513 | |
| 15:00-17:30 | Samuelson multiplier and other examples | Natasha WATKINS | PHBS RM513 | |
| 19:00-22:00 | Homework & Preview | PHBS RM513 | ||
| Jan 23 | 09:00-12:00 | Pandas | Quentin BATISTA | PHBS RM513 |
| 14:00-17:30 | Regression and Maximum likelihood | Jiao SHI | PHBS RM513 | |
| 19:00-22:00 | Homework & Preview | PHBS RM513 | ||
| Jan 24 | 09:00-12:00 | Linear Algebra with Python | Xianhua PENG | PHBS RM513 |
| 14:00-17:30 | Linear Algebra with Python | Xianhua PENG | PHBS RM513 | |
| 19:00-22:00 | Homework & Preview | PHBS RM513 | ||
| Jan 25 | 09:00-12:00 | LLN and CLT | Peifan WU | PHBS RM513 |
| 14:00-17:30 | LLN and CLT | Peifan WU | PHBS RM513 | |
| 19:00-22:00 | Homework & Preview | PHBS RM513 | ||
| Jan 26 | 09:00-12:00 | Finite Markov Chains | Jiao SHI | PHBS RM513 |
| 14:00-17:30 | Finite Markov Chains | Jake ZHAO | PHBS RM513 | |
| 19:00-22:00 | Homework & Preview | PHBS RM513 | ||
| Jan 27 | 09:00-12:00 | Convex Optimization | Xianhua PENG | PHBS RM513 |
| 14:00-17:30 | Bayesian Inference | Brandon KAPLOWITZ | PHBS RM513 | |
| 19:00-22:00 | Homework & Preview | PHBS RM513 | ||
| Jan 28 | 09:00-12:00 | ODE and integral equations in Python | Brandon KAPLOWITZ | PHBS RM513 |
| 14:00-15:00 | Introduction to Machine Learning | Quentin BATISTA | PHBS RM513 | |
| 17:00-18:00 | Closing Ceremony | PHBS RM509 | ||
| Jan 29 | 09:00-12:00 | Hotel Check-out | AIILIFE Hotel Lobby |
Monday, January 21, 2019
09:00-10:00 @PHBS 509
- Opening remarks by Dean Wen HAI
- Introduction of SIQEF by Professor Thomas SARGENT
- Introduction of 2019 Winter Camp of Quantitative Economics and Finance by Professor Jiao SHI
- Self-introductions by students
- Group photo session
Sunday, January 28, 2019
17:00-18:00 @PHBS RM509
- Sharing session by student participants
- Closing remarks by Professor Jiao SHI
- “Best Study Honor” awarded by Professor Xianhua PENG
“Certificate of Participation” awarded by Professor Jake ZHAO, Quentin BATISTA, Brandon KAPLOWITZ and Peifan WU - Group photo session
| NAME | UNIVERSITY | SCHOOL | MAJOR |
|---|---|---|---|
| GROUP 1 | TUTOR: Junjie ZHANG | ||
| Yangqing YE | Tsinghua University | Industrial Engineering | Industrial Engineering |
| Xinrui HUANG | Sun Yat-sen University | School of Mathematics(Zhuhai) | Mathematics and Applied Mathem |
| Jiawei WU | University of International Business and Economics | School of International Economics and Trade | Economics (Honor) |
| Yifan ZHONG | Sichuan University | Physics | Physics |
| GROUP 2 | TUTOR: Linsheng ZHUANG | ||
| Junsong CHEN | Peking University | School of Life Science | Bioscience |
| Yumin HU | Peking University | College of Environmental Science and Engineering | Environmental Engineering |
| Xuelai LI | Peking University | Yuanpei College | Finance |
| Hao YANG | Beihang University | School of Humanities and Social Sciences | Economics |
| GROUP 3 | TUTOR: Gan WU | ||
| Liqi DONG | University of International Business and Economics | School of International Trade and Economics | Finance |
| Luyao LIU | Central University of Finance and Economics | Management Science and Engineering | Management Science |
| Yuran TU | Nankai University | Chemistry Department | Applied Chemistry |
| Jiajia ZHENG | Peking University | School of Life Science | Biology Science |
| GROUP 4 | TUTOR: Zihao MAO | ||
| Xiaolin WANG | Renmin University of China | School of Economics | Economics |
| Kaihong SONG | Peking University | School of Life Sciences | Life Sciences |
| Yajie ZHANG | Shanghai University of Finance and Economics | School of Statistics and Management | Statistical Experiment |
| Yi ZHANG | Xiamen University | School of Mathematical Sciences | Statistics |
| GROUP 5 | TUTOR: Shiqi ZHANG | ||
| Zilong BI | Peking University | School of Economics | Resource and Environmental Economics |
| Yucheng JI | Peking University | School of Physics | Physics |
| Yuxin CHEN | Jilin University | School of Economics | Finance |
| Linlin CUI | Southwestern University of Finance and Economics | Research Institute of Economics and Management | Finance |
| GROUP 6 | TUTOR: Ge SUN | ||
| Zhuoyuan GAO | Nankai University | International Economics and Trade | International Economics and Trade |
| Zehao HUANG | Central University of Finance and Economics | School of Finance | Finance |
| Yue LIAO | Central University of Finance and Economics | China Economics and Management Academy(CEMA) | Mathematical Economics and Mathematics |
| Bingzhao LI | Shanghai University of Finance and Economics | School of Economics | Mathematical Economics |
| GROUP 7 | TUTOR: Siyang LI | ||
| Lintong SHI | Peking University | School of Economics | Public Finance |
| Anying BAI | Peking University | Health and Science Center | Preventive Medicine |
| Heming XU | Jilin University | Business school | Accounting |
| Han YAN | Sichuan University | School of Mathematics | Mathematics and Applied Mathematics |
| GROUP 8 | TUTOR: Yeda DU & Lingdi XU | ||
| Siyuan YANG | Peking University | School of Physics | Physics |
| Junhe YI | Peking University | College of Engineering | Material Science and Engineering |
| Zixi ZHANG | Shandong University | Management | Accounting |
| Chunzi HUANG | Peking University | School of Economics | Finance |
Starting from Fall 2018, PHBS establishes a state-of-the-art PhD program in quantitative economics focusing on foundations of economics and modern mathematical, statistical, and programming tools for putting those tools to work to analyze economic problems. The program is designed and organized by Professor Thomas Sargent.
Audience: As students, we seek either (a) highly motivated students having undergraduate degrees that provide them with a solid foundation in undergraduate mathematics, probability, and statistics; or (b) recent graduates of good MA programs in economics and finance; or (c) in exceptional cases, smart undergraduates with weaker backgrounds in mathematics and statistics who are willing to do extra remedial work before starting the main courses for the PhD program.
Philosophy: We shall teach mathematical and conceptual foundations of modern economics theory as well as econometrics and statistics. Courses will begin by emphasizing tools because that is the most efficient way to create a powerful language for precisely formulating and criticizing economic ideas. After students acquire tools, important applications illustrating the power of economic theories and econometric methods will be presented. A typical first year PhD class will begin with virtually 100% tools, then over the course of the academic year gradually approach 50% tools and 50% applications.
For more information, please check out our PhD admission information at http://www.phbs.pku.edu.cn/2017/postgraduate_0905/4445.html.