Brian Weller
Brian Weller

FINANCE
Assistant Professor of Finance

Print Overview

Brian Weller is an Assistant Professor of Finance. He conducts empirical and theoretical research in asset pricing and market microstructure with an emphasis on liquidity and market design. In recent work, he investigates specialization within the intraday intermediation sector and the incentives of exchanges. Professor Weller also studies security design and high frequency trading.

Professor Weller joined the Finance Department at Northwestern Kellogg in July 2013. He received his Ph.D. in Financial Economics from the University of Chicago Booth School of Business and Department of Economics in June 2013.



Areas of Expertise
Asset Pricing (Equity Markets/Stock Market, Investments and Portfolio Choice)
Derivative Securities and Markets (Futures, Options, Commodities)
Equity Markets (Stock Market) (Includes: Asset Pricing, Investments and Portfolio Choice)
Information Economics
Liquidity
Regulation of Financial Markets
Print Vita
Education
Ph.D., 2013, Financial Economics, Booth School of Business and Department of Economics, University of Chicago
M.A., 2013, Economics, Department of Economics, University of Chicago
A.B., 2009, Applied Mathematics with Secondary Field in Economics, Harvard University, magna cum laude

Academic Positions
Assistant Professor of Finance, Finance Department, Kellogg School of Management, Northwestern Univeristy, 2013-present

Other Professional Experience
Consultant to the Office of the Chief Economist, Commodity Futures Trading Commission, 2011-2012
High Frequency Research Consultant, Paragon Castle Corporation, 2009-2009

Grants and Awards
Q-Group Research Award, 2013
John Leusner Fellowship, 2013
Eugene F Fama PhD Fellowship, 2012-2013
John and Serena Liew PhD Fellowship, 2011-2012
Lynde and Harry Bradley Foundation Fellowship, 2011-2012
Center for Research in Security Prices Summer Research Award, 2010
Phi Beta Kappa, 2008

Conference Presentations
Duke (Fuqua), Harvard Business School (Finance), Northwestern (Kellogg), UCLA (Anderson), University of Pennsylvania (Wharton), USC (Marshall), UT Austin (McCombs), Washington University in St. Louis (Olin), 2013
Trans-Atlantic Doctoral Conference, University of Chicago (Booth), Federal Reserve Bank of Chicago, New York University (Stern), 2012

 
Print Research
Research Interests
Asset Pricing, Market Microstructure, Security Design

Articles
Weller, Brian, Brigitte Madrian, John Beshears, James J. Choi and David Laibson. 2010. Public Policy and Saving for Retirement: The ‘Autosave’ Features of the Pension Protection Act of 2006. Better Living Through Economics.
Working Papers
Weller, Brian. 2013. Fast and Slow Liquidity.
Weller, Brian. 2013. Intermediation Chains and Specialization by Speed: Evidence from Commodity Futures Markets.
Weller, Brian. 2012. Price Transparency and Price Discriminating Noisy Rational Expectations Equilibria.

 
Print Teaching
Teaching Interests
Finance, Investments
Full-Time / Part-Time MBA
Finance I (FINC-430-0)

This course counts toward the following majors: Analytical Finance, Finance

Finance 1 covers managers’ and investors’ most fundamental finance decision: how to value a project or an asset. Managers must determine the value of building a factory, entering a new market, or purchasing an entire firm when deciding in which projects to invest. Similarly, individuals must assess the value of financial securities to decide how to invest their wealth. Using a combination of lectures and business cases, Finance 1 teaches the three principal methods for valuing projects or assets: discounted cash flow, multiples, and real options. These valuation tools lay the foundation for all work in capital markets and corporate finance.

Pre-requisite: Business Analytics I (DECS-430). Business Analytics II (DECS-431) and Accounting for Decision Making (ACCT-430) are recommended and may be taken concurrently.