Kathleen M. Hagerty holds the First Chicago Professorship in Finance.  She is the Senior Associate Dean: Faculty and Research, a role she also held from 2005-2010.

Professor Hagerty has published widely in finance and economics journals. Her work has studied the micro-structure of securities markets, disclosure regulation, insider trading regulation and the effectiveness of self-regulatory organizations. She received a Bradley Foundation Research Fellowship and received the D.P. Jacobs Prize for the Most Significant Paper in the Journal of Financial Intermediation.

She has been a member of the editorial board of the Review of Financial Studies and the Journal of Financial Markets. She received her Ph.D. from Stanford University.

Microstructure of financial markets, security market regulation, disclosure, insider trading, industrial organization, derivatives

• PhD, 1985, Economics, Stanford University
• MBA, 1979, Finance, University of California, Berkeley
• MS, 1977, Operations Research, University of California, Berkeley
• AB, 1975, Mathematics, University of California, Berkeley

• Senior Associate Dean for Faculty and Research, Kellogg School of Management, Northwestern University, 2016-present
• Department Chair, Department of Finance, Kellogg School of Management, Northwestern University, 2012-2016
• Academic Director, Financial Economics Certificate Program for Undergraduates, Kellogg School of Management, Northwestern University, 2010-2016
• First Chicago Professor of Finance, Department of Finance, Kellogg School of Management, Northwestern University, 2001-present
• Senior Associate Dean for Faculty and Research, Kellogg School of Management, Northwestern University, 2005-2010
• Co-Director, Center of Financial Institutions and Markets, Kellogg School of Management, Northwestern University, 2000-2005
• Committee Member, Program and Curriculum Review Committee, Graduate School, Northwestern University, 1999-2002
• Mechthild Nemmers Professor of Finance, Department of Finance, Kellogg School of Management, Northwestern University, 1998-2001
• Department Chair, Department of Finance, Kellogg School of Management, Northwestern University, 1998-2000
• Professor of Finance, Department of Finance, Kellogg School of Management, Northwestern University, 1997-1998
• Council Chair, Northwestern University Program Review Council , Northwestern University, 1995-1996
• Council Member, Northwestern University Program Review Council , Northwestern University, 1993-1996
• Associate Professor of Finance, Department of Finance, Kellogg School of Management, Northwestern University, 1992-1997
• Finance PhD Program Coordinator, Department of Finance, Kellogg School of Management, Northwestern University, 1991-1994
• Assistant Professor, Department of Finance, Kellogg School of Management, Northwestern University, 1984-1992

• Sidney J. Levy Teaching Award, Kellogg School of Management, 2004-2005

• Ad-hoc Reviewer, Review of Financial Studies
• Ad-hoc Reviewer, Journal of Finance
• Ad-hoc Reviewer, RAND Journal of Economics

Derivatives, investments

Finance I (FINCM-430-0)


Derivative Markets (FINC-465-0)
This course covers the use and pricing of forwards and futures, swaps and options. Specific topics include strategies for speculation and risk management, no-arbitrage pricing for forward contracts, the binomial and Black-Scholes option pricing models and applications of pricing models in other contexts.