MBJZ01 Intermediate Microeconomics (3 credits)
This course is an intermediate level microeconomics, including the methodology of microeconomics, individual choice and production theory, decision theory under uncertainty, risk and uncertainty, the introduction of game theory under complete and incomplete information, and its specific application in the oligopolistic market, the existence of general competitive equilibrium and Pareto efficiency, private information in the market, the preliminary auction theory, reverse selection and moral hazard in information economics.
MBJZ02 Intermediate Macroeconomics (3 credits)
This course aims to introduce macroeconomic theories and shed light on developments in macroeconomic research and policy analysis. This course will cover important topics in labor market and unemployment, consumption and investment, economic growth and business cycle, money supply and inflation, monetary and fiscal policies, macroeconomics for open economies, and macroeconomic policy debates.
MBJZ03 Intermediate Econometrics I (3 credits)
This course teaches the matrix description form and derivation process of classical econometrics, non-classical econometrics in model setting, estimation methods and testing methods regarding to the recent research results and development trends of cointegration theory, modeling theory from general to specific, ARCH family model estimation methods and applications, moment estimation methods and applications, statistical testing methods based on likelihood estimates ,VAR models, State-space models, Panel Data models, classification selection models, restricted dependent variable models, and spatial econometrics. At the same time, the course explains the specific implementation process and basic programming of econometric software through computer practice.
MBJZ04 Intermediate Econometrics II (3 credits)
This course discusses micro-econometrics in a comprehensive and detailed way, using regression methods to analyze the individual level data produced by the economic behavior of enterprises and individuals, involving cross-sectional data and panel data, emphasizing nonlinear models and robust inferences, as well as the chapter-based GMM estimation, non-parameter regression, simulation-based estimation, self-raising methods, Bayesian methods, stratification and group samples - method evaluation, error measurement and data loss. At the same time, we will explain the theories using real-world examples.
MBJZ05 Research Methodology (3 credits)
This course aims to stimulate students’ interest in conducting research in Economics and help them to build a solid background to write their master theses. This course first sheds light on discoursing research ethics, developing a critique and writing research proposals. Further, it will survey major economic literature in a variety of topics. It focuses on the whole process of conducting an original research in Economics: posing research questions, writing critical review on literature, highlighting the aims of the research, collecting relevant data, employing modern econometrics techniques in an empirical study, comparing the evidence with economic theories, and providing further analysis and policy implications.
MBJE01 Financial Economics (3 credits)
The course will discuss the central theme of micro-finance, including the personal investment decision-making under uncertainty, stochastic dominance, mean-variance theory, capital market equilibrium and asset pricing, arbitrage pricing theory, option pricing, as well as the application of these themes. Students are required to master asset pricing, corporate finance and other financial theoretical frameworks.
MBJE02 Money and Banking (3 credits)
This course explores in depth the functioning of the financial system and its impact on the macro economy. This includes the monetary and payment system, the risk and term structure of interest rates, the foreign exchange market, the structure of financial markets, commercial banks and central banks, the money supply and monetary policy, monetary theory and topics related to the financial crisis.
MBJE03 Behavioral Economics (3 credits)
Behavioral Economics is a relatively new field, combining the conventional economics with psychological theory, cognitive science and neuroscience. This subject aims to introduce the developments of behavioral economics and impacts of behavioral economics on conventional economics theory. It covers decision-making behaviors under bounded rationality or uncertainty conditions, heuristics biases, prospect theory, time preference, emotion and trading behaviors, social preference and neuroeconomics etc.
MBJE04 International Trade Theory and Policy (3 credits)
The goal of this course is to provide a thorough grounding in the arguments concerning the age-old debate of free trade against protectionism and to develop the analytical skills to connect theoretical models to real world policy issues. Topics covered include a variety of international trade models (such as the Ricardian model, the Heckscher-Ohlin model, the Product-Life Cycle model and the Diamond model), debates on free trade versus protectionism policies, regional economic integration policy and administered protection policies. Teaching method in this course will base on both lectures and case study methods.
MBJE05 International Finance Theory and Policy (3 credits)
This course focuses on theoretical and empirical models of exchange rates and international finance, including basic international finance theories such as macroeconomic models under purchasing power parity, interest rate parity and open conditions, theoretical models on exchange rate decisions, and research on rational expectations, efficient markets and volatility of foreign exchange.
MBJE06 Law and Economics (3 credits)
Law and economics or economic analysis of law is the application of economic theory (specifically microeconomic theory) to the analysis of law. Economic concepts are used to explain the effects of laws, to assess which legal rules are economically efficient, and to predict which legal rules will be promulgated. Topics covered include regulation and behavior of regulated firms, the political economy of legislation and legislative processes, law and finance, corporate finance and governance, and industrial organization.
MBJE12 Industrial Economic Analysis (3 credits)
This course is "meso" economics between macro and micro. This course covers the following topics: the analysis of industrial organization and its development, industrial structure and optimization, industrial behavior and industrial performance, industrial linkages, special industry-related economic issues and development mechanisms (such as energy industry, modern service industry, gaming industry, tourism and leisure industry, cultural industry, etc.), industrial agglomeration and industrial policy and government planning, and etc.
MBJE13 Regional Economic Analysis (3 credits)
This course mainly introduces space organization from the angle of economics, including the rise and decline of cities, micro-unit location selection and spatial competition, the impact of aggregation on economic activities, urban and regional economic growth, regional planning, urban problems, regional economic policies, etc.
MBJE07 Special Topic in Economics I (3 credits)
In the form of a special topic, we focus on the development of modern economics, including the theoretical selection of the Nobel laureates in economics, as well as the debate points and theoretical frontiers of economics.
MBJE08 Special Topic in Economics II (3 credits)
This course introduces and analyzes important economic events in the form of topics and uses the theories and methods of economics to interpret them.
MBJE09 Financial Risk Management (3 credits)
This course is based on knowledge of microeconomics and intermediate macroeconomics. It weighs risk and return, and describes how to prevent and mitigate various financial risks, including interest rate risk, credit risk, portfolio risk, financial derivatives (forwards, futures, options and swaps, etc.), liquidity risk, operational risks, etc.
MBJE11 Financial Derivative (3 credits)
The course introduces the basic principle of financial engineering, including no-arbitrage equilibrium model on intrinsic value. It also covers the definition, valuation principle and trading strategy on derivatives such as forward, future, swap and option. The course attaches greater importance to students’ skills in using software to perform case valuation and analysis, in trading derivatives and in basic risk management such as hedging with derivatives.