Anthony DeFusco is an Associate Professor of Finance at the Kellogg School of Management at Northwestern University and a Faculty Research Fellow at the National Bureau of Economic Research. He is an applied microeconomist who studies empirical questions in household finance with a particular emphasis on household behaviors and public policies affecting the housing and residential mortgage markets.

Professor DeFusco’s work is regularly published in leading academic journals in Economics and Finance including the Review of Economic Studies, the Journal of Finance, and the Journal of Financial Economics. He was the first prize recipient of the 2016 American Real Estate and Urban Economics Association Dissertation Award and in 2018 received the Brattle Group Award for the best paper in Corporate Finance published by the Journal of Finance.

DeFusco is an Associate Editor for the Journal of Financial Economics and serves on the Editorial Board of the Journal of Housing Economics.

Professor DeFusco joined the Kellogg School of Management in 2015 after receiving his Ph.D. in Applied Economics from the Wharton School at the University of Pennsylvania. He also holds a B.A. in Economics and Mathematics from Temple University.

Household Finance

Real Estate Finance and Urban Economics

Financial Regulation

Applied Microeconomics

• Ph.D., 2015, Applied Economics, University of Pennsylvania, Wharton School
• M.S., 2012, Applied Economics, University of Pennsylvania, Wharton School
• B.A., 2009, Economics and Mathematics, Temple University, Magna cum Laude

• Donald P. Jacobs Scholar, Northwestern University, Kellogg School of Management, 7/31/2016
• Associate Professor of Finance, Finance, Kellogg School of Management, Northwestern University
• Assistant Professor of Finance, Finance, Kellogg School of Management, Northwestern University, 7/31/2019

 

Principles of Finance (KELLG_FE-310-0)
Foundation course for the certificate. Basic principles of finance, focusing on the effects of time and uncertainty on value. First half emphasizes valuation, including discounted cash flows, equity and debt valuation, the term structure of interest rates, portfolio theory, asset pricing, and efficient market theory. Second half examines firms' financing decisions, including capital budgeting, capital structure, and payout policy.

Accelerated Corporate Finance (FINC-440-0)
Corporate finance covers the financial knowledge you need to run a firm, whether the firm is a multi-billion dollar international conglomerate or a three-person start up. Accelerated Corporate Finance will combine the material from Finance 1 and Finance 2 in an intensive one-quarter course. We will cover valuation (discounted cash flow, multiples, and real options), capital structure (how firms finance themselves and how they manage risk), and payout policy (should firms return capital to investors and if so how). For more details, you should read the descriptions of Finance 1 and Finance 2. The logical concepts will be covered in class, technical skills and intuition will be developed in class and through online exercises, and then the logic and tools will be applied to a set of valuation, financing, risk management, and payout cases. Given the pace of the course, students are expected to be prepared to put in the extra effort in class and outside of class. Basic finance knowledge (discounting) and accounting is assumed

Prerequisite: Business Analytics I (DECS-430-5)

Corequisite/Prerequisite: Accounting for Decision Making (ACCT-430) and Business Analytics II (DECS 431-0)