Faculty of Economic Sciences

Welcome on board!

The Moscow-based Faculty of Economic Sciences at the Higher School of Economics, a highly selective educational institution specializing in economics and finance, invites undergraduate and Master's-level students to experience study abroad in the modern and dynamically developing National Research University - Higher School of Economics. The Faculty of Economic Sciences offers a wide variety of courses in English

Araceli Gutierrez Ardaya, Second year student at the Economics bachelor programme, HSE Preparatory year alumna, Faculty of Economic Sciences, HSE University, Moscow arrived from Bolivia to study Russian because her undergraduate program is actually taught in Russian! Russian, Economics, study, volunteering, travel, youth forum - watch her talk about her busy life in Moscow

Bertha Tamakloe arrived to Moscow from Ghana and is now finishing her first year at the master programme Strategic Corporate Finance. She speaks on why she likes the program and why studying at HSE may be enjoable to international students

Topic: "Deterrence with Imperfect Attribution "

joint work with Sandeep Baliga (Northwestern University) and Alexander Wolitzky (MIT)

Abstract: Motivated by recent developments in cyberwarfare, we study deterrence in a world where attacks cannot be perfectly attributed to attackers. In the model, each of n attackers may attack the defender. The defender observes an imperfect signal that probabilistically attributes the attack. The defender may retaliate against one or more attackers, and wants to retaliate against the guilty attacker only. We uncover an endogenous strategic complementarity among the attackers: if one attacker becomes more aggressive, that attacker becomes more “suspect” and the other attackers become less suspect, which leads the other attackers to become more aggressive as well. Improving the defender’s ability to detect attacks or identify the source of attacks can hinder deterrence and lead to more attacks, but simultaneously improving both detection and identification—in that some attacks which previously went undetected are now both detected and unambiguously attributed—always reduces attacks. Deterrence is improved if the defender can commit to a retaliatory strategy in advance, but the defender should not always commit to retaliate more after every signal.
http://home.uchicago.edu/~bdm/PDF/deterrence.pdf

Topic: "Leadership or Luck? Randomization Inference for Leader Effects" 

Abstract: 
Anecdotal evidence suggests that some political leaders are more effective than others, causing better outcomes for their citizens. However, observed differences in outcomes between leaders could be attributable to chance variation. To solve this inferential problem, we develop RIFLE, a quantitative test of leader effects. RIFLE allows researchers to test a null hypothesis of no leader effect and also estimate the proportion of variation in an outcome variable attributable to leaders vs. other factors, and it provides more statistical power and more reliable inferences than other strategies. To demonstrate the substantive value of RIFLE, we implement it for world leaders, U.S. governors, and U.S. mayors and for several outcomes. RIFLE can be applied to virtually any setting with leaders and an objective outcome of interest, so its continued application should improve our understanding of where, when, and why leaders matter.  

International Workshop held in Moscow at the  Higher School of Economics. Photostory by Nadezhda Vasilieva, day three

International Workshop held in Moscow at the  Higher School of Economics. Photostory by Ekaterina Vereshagina, day two

International Workshop held in Moscow at the  Higher School of Economics. Photostory by Nadezhda Vasilieva, day one

Edoardo Alberti, Second year student at the master’s programme Strategic Corporate Finance, Faculty of Economic Sciences, HSE University, Moscow,  Dual Degree program with Erasmus University  about his experience at HSE

Elena Makeeva, associate professor at the HSE School of Finance, took part in the Russian IR-Forum 2018, where discussed the points of growth in the efficiency of IR-departments from the perspective of investors and analysts