Word: fama
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Dates: during 1980-1989
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...Harvard is the temple of the case method, the Gothic towers at the University of Chicago form the shrine of pure theory. "The case-study method is only a concoction that looks realistic," scoffs Eugene Fama, who teaches a notoriously tough lecture course in finance. "It's like an electronic hockey game that can never produce real hockey players." Chicago's first-year core courses cover statistics, managerial accounting, microeconomics and macroeconomics. The second-year electives put the theories to work: applied econometrics, financial instruments, application of finance theory. Though the emphasis on theory is heavy, Chicago officials...