FIRN’s program of courses are open to all PhD students and early career researchers.  All PhD courses (core, elective and master classes) are listed on the FIRN website and promoted in the monthly FIRN email.  If you have any questions about the program please email


FIRN offers PhD students and academics at FIRN member institutions access to research Masterclasses each year presented by world class international academics.

Masterclass in Dynamic Corporate Finance Theory
Presenter: Professor Nathalie Moyen, University of Colorado Boulder

On-line delivery
Fridays 9am-12:30pm on June 4, June 18, July 2, July 16, July 30
2021 Course syllabus
enrol here

The objective of the course is to gain an appreciation for the methods and topics at the frontier of the dynamic corporate finance field.

2021 Program – Semester 2

Behavioural Finance
Presenter: Joshua Shemesh & Chris Veld (Monash)
The objective of this unit is to teach doctoral students topics that are on the forefront of the academic literature. The topic for this course is behavioural finance, which combines elements of finance and psychology into a new field that has gained a lot of importance in recent times. The unit will cover research papers and will also provide students with the skills to conduct finance research.
On-line delivery. 3 hour class once per week, Day and Time of class to be confirmed
Semester dates: July 26 to October 22
2020 Course syllabus
enrolments will open when class dates/times confirmed

Corporate Finance Theory
Presenter: Kentaro Asai (ANU)
On-line delivery, 3 hour class
Dates and Time for 2021 to be confirmed
2021 Course syllabus
enrolments will open when class dates/times confirmed

Empirical Finance
Presenter:  Professor Tom Smith (Macquarie)
On-line delivery
Module 1:  Weekend of 24/25 July
Module 2:  Weekend of 28/29 August
Module 3:  Weekend of 25/26 September
Final Exam: Thursday 11 November, 2-5pm
2021 Course syllabus
enrol here

Intermediate Econometrics
Presenter: Daniel Smith (QUT)
On-line delivery, 3 hour class, Dates and Time for 2021 to be confirmed
2020 Course syllabus
enrolments will open when class dates/times confirmed

Market Microstructure
Presenter: Professor Talis Putnins (UTS)
2021 Semester 2 format for the course will be hybrid:
• Face-to-face sessions at UTS every second week that will also be available over Zoom for those students that are not in Sydney
• Readings/videos/tasks to be completed between these sessions
• It is intended that classes will run every second Friday 2pm-6pm, from Fri 6 Aug 2021 to Fri 12 Nov 2021 (However, please note this class scheduling still needs to be confirmed)
Past Course syllabus
enrol here

Research Methods (elective)
Presenters: Professor Martina Linnenluecke & Professor Tom Smith
On-line delivery
Four Day Intensive
Monday 19 – Thursday 22 July 2021
2021 Course syllabus
enrol here

PhD Workshop

Introduction to economic models of disclosure and cost of capital
Presenter: Greg Clinch, Macquarie University
This workshop is designed to introduce students to some of the analytical models used in accounting and finance research to investigate disclosure and cost of capital. There are two broad objectives:
1. To become familiar with and gain an understanding of analytical models relating to disclosure;
2. To explore how those models can be used to develop our intuition regarding the link between disclosure and cost of capital.
Course outline
This workshop will be offered twice during 2021:
Weekend on 27/28 March enrol here
Weekend of 21/22 August enrol here

2021 PhD Course Program – Semester 1

Finance Theory
Presenter: Professor Tom Smith, Macquarie University
On-line delivery
Module 1: Weekend of 20/21 March
Module 2:   Weekend of 24/25 April
Module 3:   Weekend of 15/16 May
Final Exam: Thursday 10 June, 2-5pm
2021 Course syllabus
enrol here

Financial Econometrics*
Presenter: Professor Federico Nardari, University of Melbourne
On-line delivery
1.30pm-6.30pm (AEST) on the following Mondays, Fridays and Saturdays
Module 1:  Mon 15 March, Fri 19 March, Sat 20 March
Module 2: Mon 19 Apr, Fri 23 Apr, Sat 24 Apr
Module 3: Mon 17 May, Fri 21 May, Sat 22 May
2021 Course syllabus
*this is an advance capstone course with a pre-requisite knowledge requirement
enrol here

PhD Course Enrolment Procedure

  • Download the course syllabus from the FIRN website and ensure that you meet the pre-requisite knowledge requirements.
  • Enrol through our online booking system (links will be on the FIRN website).  You will need to indicate:
  • You have permission from your PhD Supervisor (or PhD Coordinator) to do the course.
  • Whether you are doing the course for credit recognition
  • You agree to the FIRN terms and conditions (see below)
  • That you have your school’s approval to undertake the course off-campus (if applicable) for insurance purposes

FIRN will:

  • Forward your enrolment details to the PhD course co-ordinator who will record your grades in the course and submit the final grades to FIRN
  • Track your enrolment in each course and provide you with a certificate when you complete each course

Terms and conditions:

  • PhD students understand and accept they meet all pre-requisites before enrolling in a FIRN course.
  • PhD students understand that FIRN’s PhD program involves “advanced courses” specifically designed to be challenging.
  • PhD student enrolments are accepted on the understanding they intend to complete the full course program including all assessment requirements (Note: travel funding approval is often conditional upon students completing the full program).
  • PhD students may not attend FIRN courses on a casual basis – no exceptions.
  • PhD students have obtained their Supervisor’s approval (in writing) before enrolling.
  • If, for any reason, a PhD student is unable to complete the course they must notify their supervisor, PhD co-ordinatior and FIRN by email.  The course co-ordinator is not responsible for managing your enrolment.  If PhD students don’t complete all of the assessments then they receive an automatic 2- Fail Did Not Complete recorded on FIRN’s records. 
  • Academics are also able to enrol in the courses for professional development and should enrol through the online booking system.
  • One course auditor per institution is allowed.  Course auditors must have a PhD.


Masterclass in Asset Pricing