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www.rris.idc.ac.il/MAFE
Contact information
Interdisciplinary Center Herzliya
POB 167
Herzliya, Israel 4610101
Online Registration
https://www.idc.ac.il/BAMAOnline/register_formMamba.
aspx
Graduate Programs - Israeli Admissions Office
Tel
+972 952 7300
Email
master @idc.ac.il
Fax +972 960 2770
Online Registration
www.idc.ac.il/RishumOnlineMaster
www.facebook.com/JanisDesign
Graduate Programs - International Admissions Office
Tel
+972 952 7658
Email
rris.mafe@idc.ac.il
Fax
+972 952 7334
Arison School of Business
Tiomkin School of Economics
MA IN FINANCIAL ECONOMICS
2015 -2016
WELCOME FROM THE PROGRAM HEADS
"The MA in Financial Economics is designed
to provide students with tools and in-depth
knowledge enabling them to contend with the
issues and challenges of the global businesseconomic environment. The program combines firm
theoretical finance and economics principles with
advanced international macroeconomic content."
Prof. Zvi Eckstein
Dean, Tiomkin School
of Economics
Dean, Arison School
of Business
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Prof. Yaniv Grinstein
Professor of Finance,
Arison School of Business
Dear Prospective Student,
The MA in Financial Economics is designed to provide students
with tools and in-depth knowledge enabling them to contend
with the issues and challenges of the global business-economic
environment. The program combines firm theoretical finance
and economics principles with advanced international
macroeconomic content.
The MAFE Program trains its graduates for diverse positions as
senior economists and analysts in financial institutions, and for
financial management positions in large business companies.
Graduates of the research track who are interested in pursuing
an academic career will have acquired the necessary theoretical
knowledge and research skills for doctoral studies in leading
institutions of higher education in Israel and across the world.
The MA in Financial Economics is an important stage in the
academic and research development of IDC Herzliya. The MAFE
Program is in line with the development of the Arison School of
Business and the Tiomkin School of Economics as two centers
of excellence that perceive the commonalities of research
and teaching as beneficial to the global market and society.
Together, we will pave the path of our program graduates to
employment in leading institutions in the relevant fields, and
will achieve IDC's mission of training and nurturing the future
economic leadership.
Prof. Zvi Eckstein
Prof. Yaniv Grinstein
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PROGRAM HIGHLIGHTS
»» The MA in Financial Economics is a joint program of the
Arison School of Business and the Tiomkin School of
Economics whose design is based on similar programs in
leading international universities.
»» The program trains students for diverse positions as senior
economists and analysts in financial institutions and for
financial management positions in business companies,
investment houses, asset management companies, pension
funds, public institutions, regulatory bodies, and more.
»» A rigorous curriculum in economics and finance which
is taught by world-renowned lecturers from Israeli and
international universities with rich academic and research
experience.
»» Internships in leading Israeli and international firms available
for honor students.
»» Classes consist of both Israeli and international students.
»» An optional track with an MA thesis is offered.
»» Merit scholarships available for outstanding students.
»» Optional study trip to London’s financial center.
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ADMISSION
SCHEDULE
»» The program is open to graduates of BA programs with a
strong quantitative background.
»» Preference will be given to students with undergraduate
degrees in computer science, economics, business, exact
sciences and engineering.
»» Undergraduate grade point average of at least 80.
»» No prior work experience is necessary.
»» All candidates will be interviewed by Prof. Eckstein and
Prof. Grinstein.
»» Classes will be held on Monday and Thursday afternoons and
Friday mornings in six mini-semesters of six weeks each with
two-week exam periods in between.
REQUIREMENTS
»» CV
LENGTH OF PROGRAM
»» 14 months
TUITION
»» Cost of the program is 70,000 NIS
»» BA transcript
»» BA diploma
»» Copy of passport or identity card
OFFICIAL DOCUMENTS
Official documents must be formatted in one of the following
manners
A. Official documents must bear the stamp of the issuing
institution, OR
B. Notarized photo copy of the official document, OR
C. A photocopy of the document may be submitted if the
original is shown to the Admissions Department.
* The Council for Higher Education has approved the opening
of the MA program in Financial Economics. Final approval for
conferring the MA degree is pending.
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ADVISORY COMMITTEE
The program has an advisory committee comprised of senior
personnel in financial and economic fields in the Israeli and global
market. The committee assists in the formation of the academic
program and advises on how to adapt the curriculum to the everchanging needs of the market.
COMMITTEE MEMBERS
Prof. Dani Tzidon, Deputy Chief Executive Officer and
Head of Capital Markets, Private Banking & Strategy Division,
Bank Leumi.
Prof. Zvi Eckstein, Dean, Arison School of Business; Dean,
Tiomkin School of Economics. Prof. Eckstein is a worldrenowned economist and former Deputy Governor of the
Bank of Israel.
Prof. Yaniv Grinstein, Lecturer and Researcher, Arison
School of Business. Professor Grinstein is an internationally
recognized expert in Finance.
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Ms. Anath Levin, CEO, Migdal Insurance and Financial
Holdings Ltd.
Dr. Nadine Baudot Trajtenberg, Deputy Governor of
the Bank of Israel and faculty member of the Tiomkin School
of Economics.
Mr. Eyal Deshe, Vice President and CFO, Teva Ltd.
Dr. David Woo, Head, Global Rates and Currencies
Research, Bank of America.
optional STUDY TRIP
TO LONDON
The program includes a week-long study trip to "The City" where
students will have the opportunity to meet with senior financial
personnel in London's global financial center. Students will visit
the London Stock Exchange and the Bank of England. There are a
limited number of spaces and trip expenses will be paid by the
students.
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Program Curriculum
October-November 2015
Students lacking sufficient background in economics and/or
mathematics will be required to take the following preparatory
courses
›› Intermediate Economics
›› Mathematics for Economists
November 2015 – December 2016
Core Courses
»» Finance I
»» Finance II
»» Financial Accounting I
»» Financial Accounting II
»» Micro Economics I
»» Micro Economics II
»» Macro Economics I
»» Macro Economics II
»» Econometrics I
»» Econometrics II
»» Workshop in Professional Writing
Required Advanced Courses
»» Bond Markets and Derivatives
»» Investments
»» Economic Strategy
»» International Finance
»» Options and Financial Derivatives
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Electives
»» Quantitative Methods in Finance
»» Advanced Topics in Econometrics
»» Economic Growth
»» Valuation
»» Investments Workshop
»» Risk Management Workshop
»» Business Law
»» International Macroeconomic Policy and Business Cycles
»» Advanced Topics in Corporate Finance
»» Selected Topics in Global Economy
»» Advanced Bond Markets
»» Stress Testing in Banks
»» The Economics of Banks, Financial Markets and Regulation
»» Credit Analysis
»» Advanced Topics in Finance and Economics
Final Project / Thesis
* The academic administration of IDC Herzliya reserves the right
to make changes to the curriculum
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ACADEMIC FACULTY
Dr. Orly Idan
Prof. Zvi Eckstein
PhD, Ben-Gurion University
PhD, University of Minnesota
Dean, Tiomkin School of Economics; Dean, Arison School of
Business
Prof. Jan Schneider
PhD, University of California, Berkeley
Dr. Hedva Ber
PhD, The Hebrew University of Jerusalem
Prof. Nittai Bergman
Dr. Ronel Elul
PhD, Yale University
Prof. Yaniv Grinstein
PhD, Harvard University
PhD, Carnegie Mellon University
Head, MA in Financial Economics
Dr. Yael Binyamini
Dr. Samer HajYehia
PhD, Princeton University
Prof. Jacob Boudoukh
PhD, Stanford University
Prof. Alex Cukierman
PhD, MIT
PhD, MIT
Prof. Zvi Hercowitz
PhD, University of Rochester
Dr. Doron Israeli
PhD, Stanford University
Dr. Shimon Kogan
PhD, University of California, Berkeley
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*Visiting faculty
** Teaching in Hebrew
Dr. Ron Lazer
Prof. Yona Rubinstein
PhD, New York University
PhD, The Hebrew University of Jerusalem
Prof. Omer Moav
Prof. Oded Sarig
PhD, The Hebrew University of Jerusalem
PhD, University of California, Berkeley
Dr. Yigal Newman
Dr. David Woo
PhD, Stanford University
PhD, Columbia University
Prof. Adi Pauzner
Prof. Amir Yaron
PhD, Northwestern University
PhD, University of Chicago
Dr. Yuval Procaccia
Prof. Itzhak Zilcha
SJD, Harvard University
PhD, The Hebrew University of Jerusalem
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Editor
Marilyn Koolik
Photography Adi Cohen Zedek, Mimi Laufer,
Maya Bar Aharon, Ran Yitchak
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