Lorenz Kueng is an Assistant Professor of Finance at the Kellogg School of Management at Northwestern University. His research focuses on household finance, public finance, and the macroeconomic implications of household consumption behavior. His recent work analyzes whether household behavior responds to news about future income tax changes; how household shopping behavior responds to anticipated sales tax changes; whether and how consumers spend large lump-sum payments; and how preferences form early in life. Prof. Kueng also studies how firms dynamically adjust to various changes in their environment, with a particular focus on the role of management practices.
Professor Kueng joined the Kellogg School of Management in 2012. He received his PhD in 2012 from the University of California at Berkeley with his dissertation Expected Taxes and Household Consumption Behavior, which won him the Public Policy Prize. He is a Faculty Research Fellow at the National Bureau of Economic Research (NBER), the Centre for Economic Policy Research (CEPR), and an Affiliate of the Center for Applied Microeconomics at Northwestern University.
Household Finance, Public Finance, Macroeconomic Implications of Consumer Behavior
Finance, Public Finance, Macroeconomics
Finance 1 answers managers' and investors' most fundamental finance question: how should a project or an asset be valued? 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 discounted cash flow and multiples methods to value projects or assets. These valuation tools lay the foundation for all work in capital markets and corporate finance.
Prerequisite: Business Analytics I (DECS-430-5)
Corequisite/Prerequisite: Accounting for Decision Making (ACCT-430) and Business Analytics II (DECS 431-0)