ECMC100 Basic Microeconomics
Topics
discussed
include
the behavior of individual economic agents (households, firms
and governments), the determination of prices and quantities
in individual markets for commodities and resources, and the
role of governments in the functioning of the market system.
PREREQUISITE: None.
ECMC110 Basic Macroeconomics
Topics discussed include determination of national income;
national income accounting; unemployment and inflation;
stabilization instruments of fiscal and monetary policy;
economic models developed by Classical and Keynesian
economists and the monetarist school.
PREREQUISITE: None.
ECMC180 Mathematics I
Topics
discussed include
basic algebra, linear and non-linear models, financial
mathematics, and differential and integral calculus.
PREREQUISITE: None.
ECMC181 Statistical Analysis
I
Topics
discussed include
descriptive statistics, elementary probability, normal
distribution, sampling distributions, confidence intervals,
hypothesis testing and regression.
PREREQUISITE: None.
ECMC200 Intermediate
Microeconomics I
Topics
discussed include optimal patterns of consumption and
production, analysis of market equilibrium, and the structure
of different types of product markets.
PREREQUISITE: ECMC100 Basic Microeconomics
ECMC201 Intermediate Microeconomics II
A continuation of ECMC200. Topics
discussed include
utility theory, the theory of revealed
preference, the comparative statics of the consumer (Slutsky
equation), consumer behavior with an endowment in goods, and
intertemporal choice.
PREREQUISITE: ECMC200 Intermediate Microeconomics I
ECMC210 Intermediate
Macroeconomics I
This course places emphases on the long-run and short-run
analysis by developing and applying the IS-LM model and the
AS-AD model, supplemented by growth theories and the modern
macroeconomic controversies.
PREREQUISITE: ECMC110 Basic Macroeconomics
ECMC211 Intermediate
Macroeconomics II
A continuation of ECMC 210. Topics discussed
include the microfoundation of consumption and investment
functions, demand and supply of money, problems of inflation
and unemployment, deficit and inflation, and open economy
macroeconomics.
PREREQUISITE: ECMC210 Intermediate Macroeconomics I
ECMC280 Mathematics II
A continuation of ECMC180.
Topics discussed include differentiation (maxima, minima, mean
value theorem), concavity and convexity, analysis of functions
(analysis of domain, range, critical points, limits,
continuity, curvature, inflexions), optimization (first-order
and second-order conditions), elasticity, series expansion (MacLaurin
and Taylor series), partial differentiation, optimization in
several variables, integration (based on examples),
recurrences (difference equations), first-order differential
equations (homogenous, constant coefficients).
PREREQUISITE: ECMC180 Mathematics I
ECMC281 Statistical Analysis II
A continuation of
ECMC181. This course will introduce the basic concept of statistical estimation and
inference, including the confidence interval, hypothesis test
and simple linear regression. Students are required to use the
Excel to do the data analysis.
PREREQUISITE: ECMC181 Statistical Analysis I
ECMC290 Social Sciences Research Methods I
Topics discussed include
the relation of theory to research, formulation of research
hypotheses, research design, measurement techniques, sampling,
and methods for data collection including documentary study,
experiments, field research, questionnaires and interviews.
PREREQUISITE: ECMC181 Statistical Analysis I
ECMC291
Social Sciences Research Methods II
A continuation of
ECMC290.
Focus
places
on the organization and presentation of knowledge in the
social sciences. Special attention is given to the development
and testing of research hypotheses in behavioral science
areas.
PREREQUISITE: ECMC290 Social Sciences Research Methods I
ECMC300 Managerial Economics
Topics
discussed
include
demand, production and costs, technology and innovation,
pricing and output decisions of a business, strategic
behaviors, capital budgeting, asymmetric information and
incentive in organizations.
PREREQUISITE: ECMC200 Intermediate Microeconomics I
ECMC320 History of Economic
Thought
An intensive survey of the development of economic thought.
The course introduces the work of outstanding thinkers and
theoreticians in economics through discussion of the varied
traditions of thought that have developed in the discipline.
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PREREQUISITE: |
ECMC210 Intermediate Macroeconomics I |
| |
ECMC200 Intermediate Microeconomics I |
ECMC321 Western Economic History
This course surveys the Economic History of the “Western
World” (i.e., Europe and North America) in the Modern Era —
from the end of the Middle Ages (approximately the start of
the 15th Century) to the present.
PREREQUISITE: None.
ECMC322 Chinese Social and
Economic History
This course examines the traditional Chinese society and
economy and their transformation in modern times.
Emphasis is placed on the nature of basic socioeconomic
structures, social stratification and mobilization, and the
interrelationship of the state economy with local society.
PREREQUISITE: None.
ECMC325 International Trade: Theory and Policy
Topics
discussed
include
Ricardo's theory of comparative advantage; the Samuelson-Jones
model of specific factors and income distribution; the
Heckscher-Ohlin model of factor proportions; the standard
trade model synthesis; the Krugman model of increasing
returns; the instruments of trade policy; the political
economy of trade policy.
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PREREQUISITE: |
ECMC210 Intermediate Macroeconomics I |
| |
ECMC200 Intermediate Microeconomics
I |
ECMC326 International Monetary Economics
Topics
discussed include
the monetary approach to the balance of payments; different
exchange rate regimes; international capital mobility;
international monetary organizations; markets for foreign
exchange, including the Eurocurrency markets; the automatic
adjustment mechanism; interest-rate and purchasing-power
parities; speculative activity in money markets; and the
setting of international macroeconomic policy.
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PREREQUISITE: |
ECMC210 Intermediate Macroeconomics I |
| |
ECMC200 Intermediate Microeconomics I |
ECMC330 Comparative Economic Systems
This course focuses on the comparative analysis of the
economies of different countries. It develops a theoretical
framework for comparing two polar types of economic system —
capitalist and socialist — and examines the economies of the
United States and the former Soviet Union as representative
examples of these polar types. Other countries are studied to
develop an appreciation of the broad range of economic systems
found in the real world.
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PREREQUISITE: |
ECMC210 Intermediate Macroeconomics I |
| |
ECMC200 Intermediate Microeconomics I |
ECMC335 Economic Growth and Development I
This course introduces concepts, measurement and approaches to
the studies of economic development. Sources of economic
growth and various traditional and modern development theories
are also examined.
|
PREREQUISITE: |
ECMC110 Basic Macroeconomics |
| |
ECMC100 Basic Microeconomics |
ECMC336 Economic Growth and Development II
A continuation of ECMC335. This course surveys the major
issues in growth and development, with a focus on long-run
macroeconomic aspects and the cross-country empirical
evidence. The aim of this course is to provide rigorous
training in the principal concepts, techniques and
applications of modern growth theory.
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PREREQUISITES: |
ECMC100 Basic Microeconomics |
| |
ECMC110 Basic Macroeconomics |
ECMC351 Comparative
Financial Systems
Provides an understanding of the economic implications of
decisions affecting the supply of money. The role of banks and
other financial institutions in the process of credit creation
and in facilitating economic growth is discussed. Topics
of international finance are also discussed.
PREREQUISITE: ECMC110 Basic Macroeconomics
ECMC360 Economic Geography
A course focusing on the role of geographic space as a factor
that shapes patterns of economic activity. Topics
discussed include the locational choices of manufacturers,
service industries, and information providers; the role of
transport and communications; global interdependence among
economies; contrasts between the developed and developing
worlds in the spatial distribution of economic activity.
PREREQUISITE: ECMC100 Basic Microeconomics
ECMC361 Urban Economics
Focuses on the application of economic principles to the
understanding of the structure and functioning of urban areas.
Topics discussed include the economic bases of urban growth;
economic determinants of urban structure; economic aspects of
locational choice; growth and decline in urban economies; and
the use of economic principles in the analysis of urban
problems.
PREREQUISITE: ECMC200 Intermediate Microeconomics I
ECMC362 Location Analysis
This course focuses on practical problems of location as they
affect governmental, business, and real estate activities. The
consequences of locational choice for profitability,
visibility and exposure, accessibility to services, and other
objectives set by governments or firms are analyzed. Examples
are drawn from Macau, South China, and the Asia-Pacific
region.
PREREQUISITE: None.
ECMC363
Urban Geography
This course examines the structure and functioning of cities
and metropolitan regions. Topics discussed include world city
growth, theories of urban settlement patterns, urban land use
and spatial structure, movement patterns in urban areas, and
the spatial consequences of economic and cultural changes
affecting cities.
PREREQUISITE: None.
ECMC365 History of the
Pearl River Delta
This course provides a survey of the history of the Pearl
River Delta. It focuses on those institutions which
historically have fostered the political, cultural and
economic unity of the area, and the achievements of its
residents in these fields of activity.
PREREQUISITE: None..
ECMC366 International Economic Law
Discusses the legal aspects arising from international
economic relations. Topics covered include laws covering
international trade, technology transfer, international
investment, taxation, and the resolution of disputes.
PREREQUISITE: None.
ECMC367 Applied Economics
This course
provides a practically-focused, broader and deeper look at the
micro-and macro-economic mechanics that underpin real-world
economic activity. Likely topics include: how
output and pricing decisions are really carried out by firms
under varying competitive structures, how governments work
with theory and data to formulate policies to promote a
variety of goals--infrastructural, regional, environmental,
and social—as well as for the management of aggregate demand,
and how economic analysis applies to the functioning of
society’s important legal and political institutions.
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PREREQUISITES: |
ECMC100 Basic Microeconomics |
| |
ECMC110 Basic Macroeconomics |
ECMC370 The Modern Macau
Economy
This course places emphasis
on
the
economic development of
Macau in
the past twenty years and the current problems that it faces.
Sectoral analysis includes the gambling and tourism,
manufacturing, construction, and banking. Current issues
such as structural change and unemployment of the local
economy will also be discussed.
PREREQUISITE: None.
ECMC371 The Chinese Economy
The focus of this course is on describing and analyzing the
economic performance of the People's Republic of China, and on
developing key concepts and definitions needed to understand
and interpret economic statistics and other economic
information available from Chinese sources.
PREREQUISITE: None.
ECMC372 Economy of Macau, Hong Kong and
the Pearl River Delta
This course provides students with an understanding of the
contemporary economies of Macau, Hong Kong, and the Pearl
River Delta, with an emphasis on the factors serving to
integrate these economies into a regional economic entity.
PREREQUISITE: None.
ECMC373 European Economies
This course reviews macroeconomic issues relevant to the
European economies, including: economic and monetary
integration, labour markets, migration, industrial
organization, government policy.
PREREQUISITE: None.
ECMC380 Mathematics for Economics
The goal of the course is to train students to think about
economic models in a precise mathematical language.
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PREREQUISITE: |
ECMC280 Mathematics II |
| |
ECMC281 Statistical Analysis II |
ECMC381 Econometrics I
Introduces elementary econometric techniques beginning with
single- and multi-variable ordinary least squares regression
models. Also discussed are generalized least squares methods,
the problems of heteroskedasticity and autocorrelation, and
the concept of multicollinearity.
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PREREQUISITE: |
ECMC280 Mathematics II |
| |
ECMC281 Statistical Analysis II |
ECMC382 Econometrics II
An continuation of ECMC381.
The course will introduce the regression of time series and panel data.
Serial correlation and heteroskedasticity will be discussed.
The focus will be on the manipulation of data and the
intuition of the statistical method.
PREREQUISITE: ECMC381 Econometrics I
ECMC383 Forecasting Methods
Presents an overview of different economic forecasting
methods, including judgmental, decomposition, exponential
smoothing, seasonal ARIMA and econometric methods. Particular
emphasis is laid on the use of forecasting methods in
practical circumstances. Computer spreadsheet programme and
MicroTSP / EViews will be used.
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PREREQUISITE:
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ECMC180 Mathematics I |
| |
ECMC181 Statistical Analysis I |
ECMC400 Advanced Microeconomics
This course is a rigorous treatment of microeconomic theory
making extensive use of mathematical tools, including
differential calculus and constrained optimization. Topics
discussed include public choice, risky assets, game theory,
welfare, law and economics.
PREREQUISITE: ECMC200 Intermediate Microeconomics II
ECMC410 Advanced
Macroeconomics
The aim of this course is to offer a rigorous introduction to
advanced topics in macroeconomic theory, from the perspective
of general equilibrium theory.
Topics discussed include
growth theory,
real business cycles,
models of money,
consumption,
investment
and
unemployment.
PREREQUISITE: ECMC211 Intermediate Macroeconomics II
ECMC440 Labor Economics
The course applies microeconomic theory to issues of the labor
market: supply of labor, demand for labor, life-time labor
allocation, immigration, differential wages, education and
training on the job, efficiency wages and incentive contracts.
PREREQUISITE: ECMC200 Intermediate Microeconomics
ECMC445 Industrial Economics
This course is an analysis of competition and monopoly power
in market economies. It discusses elements and determinants of
market structure, the effects of market power on economic
performance, the behavior of firms under different market
structures, and policies for regulating markets including
antitrust policies. The activities of public enterprises are
briefly discussed.
PREREQUISITES: ECMC200 Intermediate Microeconomics I
ECMC450 Money and Banking
This course provides an understanding of the economic role of
money, focusing on discussion of different schools of thought
relating to the significance of money and monetary variables.
PREREQUISITE: ECMC110 Basic Macroeconomics
ECMC455 Public Finance
This course discusses the policy problems and economic
implications associated with public sector expenditure and
taxation measures.
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PREREQUISITES: |
ECMC200 Intermediate Microeconomics I |
| |
ECMC210 Intermediate Macroeconomics I |
ECMC456 Welfare
Economics
A course providing the theoretical knowledge necessary to understand the
economics of public sector activity. Concepts discussed
include Pareto optimality, public goods, externalities, public
choice models, and cost-benefit analysis.
PREREQUISITE: ECMC201 Intermediate Microeconomics II
ECMC470 Economies of the
Asia-Pacific Region
A course focusing on the economies of nations and territories within the
Asia-Pacific region. The economic relationships among
different countries within the region are a focus of
attention, as are the economic links between the region and
other parts of the world.
PREREQUISITE: None.
ECMC490 Seminar
Topics covered in this course include pricing, versioning,
standardization, legal and intellectual property, government
regulation, networks, compatibility and relevant industrial
organizational issues.
PREREQUISITE: None.
ECMC491 Social Sciences
Research Project I
In this course final-year students in economics develop and
carry out individual research projects under the supervision
of a economics staff member.
PREREQUISITE: classification as
a fourth year student in economics
ECMC492 Social Sciences
Research Project II
A continuation of
ECMC491.
PREREQUISITE: ECMC491 Social Sciences Research Project I
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