The master of science in applied economics (MScAEcon) program provides an in-depth understanding of the economic mechanism of our economy. This enables graduates to make strategic decisions for business enterprises, public organisations as well as individuals in view of the drastic changes in the world economy.
The program is designed to maintain a balance between advanced theoretical coverage and applied economic analyses of the real world. The objective of the economics program is to train competent analysts in government, NGOs, financial institutions, and other major corporations.
ECON 7100 Research Workshops and Seminars
This course aims at preparing students for carrying out academic and applied research work. Students will learn how to identify economic issues, develop testable hypotheses,apply appropriate analytical tools, and write research proposal. This course provides students a thorough understanding of the entire process of doing academic research and applied research in Economics.
ECON 7150 Advanced Microeconomics
This course emphasises rigorous treatments of the optimisation behaviour of individual agents. Modern treatments of uncertainty, strategic decision making, as well as applying the dual relationship between economic functions in the price space and the quantity space to comparative statics analyses, provides fundamental tools to other applied studies.
ECON 7160 Advanced Macroeconomics
This course introduces students to important topics in macroeconomics, including growth theory, business cycles, New Keynesian theories, and recent development in macroeconomics. With the building of knowledge on both qualitative and quantitative macroeconomics, students are equipped with tools needed for understanding and conducting macroeconomic policy analysis.
ECON 7170 Applied Econometric Analysis
This course aims at covering graduate level applied econometric techniques to quantitatively solve empirical economic problems. In addition to the classical linear regression model, hypothesis testing and problems of non-spherical disturbances, more advanced topics are also considered. Students will be trained to formulate econometric models and to identify the causal relationships between economic variables using computer software. The emphasis is upon the interpretation and testing of results from different econometric estimation procedures. Students will also be provided with practical experience of applying these techniques to quantitatively solve empirical problems that arise in economics and business.
ECON 7310 Economic Institutions in China
This course studies key economic institutions of China that have emerged in the course of transition from a planned to a market economy. These institutions are not necessarily the first-best choices from the perspective of conventional theories of market economy, but they might overcome some of typical institutional weaknesses of transitional economies. Drawing on major contributions in recent economics literature, the costs and benefits of adopting these institutions by China will be analysed.