Undergraduate Courses 2025-26

Undergraduate courses marked with [EXP] may adopt the approach of experiential learning subject to different offerings. Students should check the delivery mode of the class section before registration.

• ECON 1220

  Thinking like an Economist I: Microeconomics

  3 Credit(s)
  Exclusion(s)

  ECON 2103, ECON 2113, SOSC 1440

  Cross-Campus Equivalent Course

  UCUG 1807

  Description

  Students learn the "economic way of thinking" in this course. We will explore fundamental microeconomic concepts and tools such as comparative advantage and specialization, demand-supply analysis, market equilibrium, government's role in markets, game theory, and people's interactions in order to explain and analyze consumer and producer decisions and social issues. Students will develop problem-solving abilities in dealing with new social issues as well as develop their sense of community and consideration through the lens of microeconomics.

  Intended Learning Outcomes

  On successful completion of the course, students will be able to:

  • 1.
    Analyze the decision-making process of people in the context of microeconomics
  • 2.
    Analyze the behavior of consumers and producers by the Demand-Supply framework
  • 3.
    Evaluate what can and cannot be achieved by the market mechanism in different market structures
  • 4.
    Evaluate the impacts of government policies on people and marke
  • 5.
    Apply the economic way of thinking to other social issues
• ECON 1221

  Thinking like an Economist II: Macroeconomics

  3 Credit(s)
  Exclusion(s)

  ECON 2123, ECON 3123, SOSC 1440

  Description

  Students learn the "economic way of thinking" in this course. We will introduce the ways economists look at economy from an “aggregate” perspective. The course starts by introducing key macro variables that measure aggregate economic performance. The relationship among these key variables will then be studied in the goods, money, and labor markets in closed and open economies. The theoretical framework presented in this course will enable non-SBM students to predict and analyze the impacts of government fiscal and monetary policies on the economy.

  Intended Learning Outcomes

  On successful completion of the course, students will be able to:

  • 1.
    Identify key macroeconomic variables and understand their relationships
  • 2.
    Gather and organize relevant macroeconomic information for a given context
  • 3.
    Apply tools learnt in class to analyze historical and current macroeconomic events
  • 4.
    Explain the operation of open economy and exchange rate related topics
  • 5.
    Discuss the consequences of a macroeconomic or policy shock
• ECON 1222

  What Economics Tells Us About Our Life and Social Policy

  3 Credit(s)
  Description

  This course will provide students opportunities to critically read and interpret social science literature on human capital development over the life cycle. It will also give students an opportunity to discuss, through examples, how this evidence could be applied in the real world policy design. The questions to be addressed in this course focus on human capital development such as health, education, and labor policies over the course of one’s life. The examples will help students understand how to interpret available data and use it to evaluate different policy programs.

  Intended Learning Outcomes

  On successful completion of the course, students will be able to:

  • 1.
    Analyze findings and perspectives on social issues of human capital development (health, education and labour) around the world
  • 2.
    Apply economic research findings to propose suitable policy to tackle real world problems (eg. importance of early childhood environments and investments, education inputs, job protection program, and long-term care provision)
  • 3.
    Efficiently communicate to a large audience by presenting proposals on public policy and justifying (ie presentation, discussion, evaluation and defending) the statistical evidence underlying the proposals
• ECON 1234

  China's Economic Challenges

  3 Credit(s)
  Description

  This course critically assesses the current challenges facing the Chinese economy and how China’s approaches to these challenges will shape future opportunities for citizens in China and around the world. The course will examine different dimensions of China’s reform experience to deepen understanding of the origins of current challenges and address recent debates about China’s economic emergence. Topics include the sources of economic growth (innovation capability, high-tech competition, digital economy), globalization (COVID-19 and trade war impact, shifting supply chains, foreign direct investment, the Belt and Road Initiative), labor (labor regulation, future of work, education and health), environment and climate change (carbon neutrality pledge), social development (poverty, inequality, family planning, population ageing), and economic development in Hong Kong and the Greater Bay Area.

  Intended Learning Outcomes

  On successful completion of the course, students will be able to:

  • 1.
    Analyze the impacts of previous institutional reforms and how they led to current economic challenges
  • 2.
    Critically assess the nature and complexity of current economic challenges
  • 3.
    Use economic principles to propose well-reasoned solutions to real-world economic problems
  • 4.
    Work effectively in teams to solve economic problems and make effective presentations
• ECON 2103

  Principles of Microeconomics

  3 Credit(s)
  Exclusion(s)

  ECON 1220, ECON 2113, ECON 3113, ECON 3133, SOSC 1440, Level 3 or above in HKDSE Economics

  Description

  Theory of firm in a free enterprise system; theory of consumer demand; market structures and resource allocation; efficiency of competitive markets; selected topics on government regulation. Students with non-local qualifications should seek department’s or school’s approval for enrollment in the course.

  Intended Learning Outcomes

  On successful completion of the course, students will be able to:

  • 1.
    Acquire a fundamental understanding of the operation of market economy and being able to apply it: including the market price determination, the efficiency and the fairness (strength and weakness) of market system, the conditions under which the markets can perform well, and how the market (price and quantity transacted) will change in responding to changing environment
  • 2.
    Understand the framework to address the role of government and able to apply it: when and in which direction the government should intervene the markets
  • 3.
    Understand firms` optimal decision making under different market structure, consumers` optimal decision-making and able to apply it
• ECON 2113

  Microeconomics

  3 Credit(s)
  Prerequisite(s)

  Level 3 or above in HKDSE Economics

  Exclusion(s)

  ECON 1220, ECON 2103, ECON 3113, ECON 3133, SOSC 1440

  Cross-Campus Equivalent Course

  FTEC 2320

  Description

  Theory of the firm in a free enterprise system; theory of consumer demand; market structures and resource allocation; selected topics on government regulation. More topics treated in greater depth than ECON 2103. Students with non-local qualifications should seek department’s or school’s approval for enrollment in the course.

  Intended Learning Outcomes

  On successful completion of the course, students will be able to:

  • 1.
    Examine and discuss the concepts, methodologies, and analytical frameworks of microeconomic analysis in detail.
  • 2.
    Analyze the decision-making processes of consumers and firms, and apply economic principles to determine optimal strategies.
  • 3.
    Analyse and apply theories on markets, including market price determination, the efficiency and fairness of the market system, the conditions under which markets can perform well, and how the market will change in responding to a changing environment.
  • 4.
    Evaluate the framework for government intervention in markets, apply it to determine when and how the government should intervene, and assess the impact of relevant policies on market outcomes.
• ECON 2123

  Macroeconomics

  3 Credit(s)
  Exclusion(s)

  ECON 1221, ECON 3123, ECON 3143, SOSC 1440

  Cross-Campus Equivalent Course

  FTEC 2330

  Description

  Theory of national income determination and business fluctuation; monetary and fiscal policies; selected topics in macroeconomic policies and open economy macroeconomics. Students with non-local qualifications should seek department’s or school’s approval for enrollment in the course.

  Intended Learning Outcomes

  On successful completion of the course, students will be able to:

  • 1.
    Obtain a general knowledge of macroeconomics and a unified analytical framework to address macroeconomic issues
  • 2.
    Apply the macroeconomic concepts, principles, and models to understand and explain economic phenomena
  • 3.
    Use macroeconomics model to analyze the effects of monetary and fiscal policies
  • 4.
    Apply the knowledge to practical situations and make sound economic decisions, and adapt to changes in business and social environments
• ECON 2174

  Mathematics for Economists

  4 Credit(s)
  Prerequisite(s)

  MATH 1003 OR MATH 1012 (prior to 2025-26) OR MATH 1013 OR MATH 1020 OR MATH 1023

  Exclusion(s)

  MATH 2011, MATH 2023

  Description

  Exclusively for SB&M students. This course provides students with mathematical tools frequently used in economic analysis. Topics include real numbers, single and multivariable functions, matrix algebra, multivariate calculus, convex analysis, and constrained and unconstrained optimization. Examples of economic analysis using these mathematical tools will be included.

  Intended Learning Outcomes

  On successful completion of the course, students will be able to:

  • 1.
    Construct, interpret, and critically analyze mathematical models to represent and solve economic problems.
  • 2.
    Formulate coherent and easy-to-follow solutions or proofs for mathematical problems in economics.
• ECON 3014

  Managerial Microeconomics

  4 Credit(s)
  Prerequisite(s)

  One of ECON 2103 OR ECON 2113

  Exclusion(s)

  ECON 3113, ECON 3133

  Description

  Demand estimation, business and economic forecasting; production, innovation and cost; market structure, strategic behavior and pricing; decision making under uncertainty; government regulation of business activities; case studies.

  Intended Learning Outcomes

  On successful completion of the course, students will be able to:

  • 1.
    Develop an understanding of microeconomic theories and tools, including some advanced topics such as firm internal organization and price discrimination.
  • 2.
    Apply microeconomic theories and related tools to explain real-world problems, such as a firm’s output decision and pricing decision.
  • 3.
    Understanding the interaction between market and government and to achieve better understanding in public policy analysis.
  • 4.
    Demonstrate situational awareness and apply acquired knowledge to respond effectively in real-world contexts.
• ECON 3024

  Managerial Macroeconomics

  4 Credit(s)
  Prerequisite(s)

  ECON 2123 AND ECON 3334

  Exclusion(s)

  ECON 3143

  Description

  This course modifies and extends the standard models studied in introductory macroeconomics course (2123), highlighting the role of expectations in determining the aggregate output, the inflation, and the asset prices. The course consists of two parts: (A) lectures on the models and their applications on the economics issues such as monetary and fiscal policies, financial crises, and exchange rate policies; and (B) group research projects undertaken by the students to apply macro models, statistical and econometrics tools to analyze a real-world question of their pick, in order to gain better understanding of the models and to practice the skills on problem solving, team-work and presentation. For BBA ECON and Minor in Business Students only.

  Intended Learning Outcomes

  On successful completion of the course, students will be able to:

  • 1.
    Analyze qualitatively and quantitatively macroeconomic problems.
  • 2.
    Identify, collect, and systematically organize relevant macroeconomic data for analysis within a given context.
  • 3.
    Evaluate effects of macro shocks and policy changes on firms and industries.
  • 4.
    Demonstarte an ability to communicate effectively in oral and written English.
  • 5.
    Engage in debates and discussions in a constructive way.
  • 6.
    Work collaboratively with team members on research projects.
• ECON 3113

  Microeconomic Theory I

  4 Credit(s)
  Prerequisite(s)

  ECON 2103 OR ECON 2113

  Exclusion(s)

  ECON 3014, SOSC 1440

  Description

  The course presents a detailed study of basic topics in microeconomics with a special emphasis on using a rigorous analytical and mathematical approach. The topics include demand theory, uncertainty, asymmetric information, general equilibrium, welfare economics, externality, and public good. Multivariate calculus will be extensively used. Exclusively for students of the BSc programs in Economics & Finance and in Mathematics & Economics.

  Intended Learning Outcomes

  On successful completion of the course, students will be able to:

  • 1.
    Demonstarte critical and creative thinking skills to assess economic and social issues using logical and scientific reasoning.
  • 2.
    Apply economic principles to practical situations, decision-making, and research on economic and societal matters.
  • 3.
    Demonstrate effective communication, leadership, and decision-making abilities in economic and business contexts.
  • 4.
    Understand cultural diversity, ethical considerations, and the societal impact of economic and business decisions.
  • 5.
    Gain a well-rounded understanding of economics and business functions, with specialization in a chosen field.
  • 6.
    Demonstrate sustained engagement with economic analysis by applying concepts to real-world issues and evaluating their relevance and impact.
• ECON 3123

  Macroeconomic Theory I

  3 Credit(s)
  Exclusion(s)

  ECON 2123, ECON 3024, SOSC 102I, SOSC 1440

  Description

  This course will concentrate on introducing the basics terms of macroeconomics, business cycle analysis, money and inflation, current accounts, and exchange rates. Exclusively for students of the BSc in Economics and Finance and Mathematics and Economics program.

  Intended Learning Outcomes

  On successful completion of the course, students will be able to:

  • 1.
    Identify important macroeconomic variables and understand their relationships.
  • 2.
    Identify, collect, and systematically organize relevant macroeconomic data for analysis within a given context.
  • 3.
    Apply tools learned in class to analyze some historical and current macroeconomic events.
  • 4.
    Discuss the consequences of a macroeconomic shock or a policy intervention.
  • 5.
    Explain key macroeconomic concepts and reflect on their relevance to contemporary issues, demonstrating motivation for continued study in the field.
• ECON 3133

  Microeconomic Theory II

  4 Credit(s)
  Prerequisite(s)

  ECON 3113

  Exclusion(s)

  ECON 3014, SOSC 1440

  Description

  This is the second course in the microeconomics sequence. Topics include production theory, firms' behavior under different market structures (perfect competition, monopoly, oligopoly), factor demand, and game theory. Emphases are placed on a rigorous analytical and mathematical approach, and multivariate calculus will be used extensively.

  Intended Learning Outcomes

  On successful completion of the course, students will be able to:

  • 1.
    Understand the logic, scientific basis, and critical thinking of economic analysis.
  • 2.
    Demonstrate advanced knowledge of economic principles, apply them to interpret economic and social phenomena, and evaluate options to make informed economic decisions.
  • 3.
    Demonstarte an ability to qualitatively analyze basic economic and social problems. Conduct basic economic analysis and research of the economy and society.
  • 4.
    Collaborate effectively with your team members to answer questions in homework.
  • 5.
    Evaluate ethical dilemmas using rigorous economic and social analysis.
  • 6.
    Be a lifelong user of economic analysis.
• ECON 3143

  Macroeconomic Theory II

  4 Credit(s)
  Prerequisite(s)

  ECON 3113 AND ECON 3123

  Exclusion(s)

  ECON 2123, ECON 3024, SOSC 102I, SOSC 1440

  Description

  This course will focus on long-term economic growth and structural change, theoretical elements of intertemporal macroeconomics, government budgets and deficits.

  Intended Learning Outcomes

  On successful completion of the course, students will be able to:

  • 1.
    Demonstrate general knowledge of in macroeconomics. Describe the main questions in macroeconomics and the main components of standard Macroeconomic theories. Understand the determinants of economic growth and drivers of business cycles, as well as the role of economic policies in promoting long run growth and stabilizing short run fluctuations.
  • 2.
    Apply the macroeconomic concepts, principles, and models to analyze economic phenomena, conduct economic analysis of the economy and society, and carry out independently applied research in macroeconomic problems.
  • 3.
    Analyze qualitatively and quantitatively basic macroeconomic problems, apply your knowledge to practical situations and make sound economic decisions, and adapt to changes in business and social environments and professional requirements.
  • 4.
    Demonstarte an ability to communicate effectively in oral and written English.
  • 5.
    Locate, gather, organize and use appropriate information for macroeconomic studies.
  • 6.
    Demonstrate an understanding of the determinants of long run growth and economic fluctuations and their application to policy analysis and evaluation. Apply macroeconomics model to analyze macroeconomic issues and effects of conventional and unconventional monetary policies, fiscal stimulus, and current account imbalance.
• ECON 3334

  Introduction to Econometrics

  4 Credit(s)
  Prerequisite(s)

  One of ISOM 2500, MATH 2411 or MATH 3423

  Cross-Campus Equivalent Course

  FTEC 3340

  Description

  Topics on the use of statistical regression techniques in modeling and estimating economic and business relationships. Both theoretical and applied aspects are addressed.

  Intended Learning Outcomes

  On successful completion of the course, students will be able to:

  • 1.
    Evaluate the importance of key assumptions in regression models and analyze how these assumptions affect the statistical properties of estimators.
  • 2.
    Construct an appropriate regression model to analyze a given economic data set, and then conduct statistical inference and interpret the results.
  • 3.
    Demonstrate a skill to use the statistical software R to conduct econometric analysis.
  • 4.
    Collect data set to conduct empirical analysis and answer economic questions.
  • 5.
    Describe your understanding of certain economic problems verbally and in writing, and use empirical results to justify your explanation.
• ECON 3700

  Writing as an Economist

  3 Credit(s)
  Prerequisite(s)

  (ECON 2103 OR ECON 2113) AND (ECON 2123 OR ECON 3123) AND LABU 2040

  Mode of Delivery

  [EXP] Experiential learning

  Description

  This course hones students’ ability to “do economics”: to apply economic concepts and reasoning to real-world phenomena,and to express that application clearly and convincingly in writing. In weekly large-class settings, students will work with an economics instructor on interpreting and explaining data, applying economic principles to daily life, building and supporting an argument, and evaluating different perspectives in scholarly debates. In weekly small-group tutorials, a language instructor will lead discussions to analyse texts and workshop individual students’ writing. At the end of the course students will be better prepared to undertake independent research and writing in their economics coursework, as well as to write from an economics perspective for a range of non-academic purposes. For BBA(ECON), BSc(ECOF) and BSc(MAEC) first and additional majors students.

  Intended Learning Outcomes

  On successful completion of the course, students will be able to:

  • 1.
    Evaluate empirical facts, distinguishing analytically between description, pattern recognition/interpretation, and explanation; and appreciating how empirical analysis can help identify causal links
  • 2.
    Construct an economically grounded argument explaining a real-world phenomenon that formulates a specific question, takes account of the facts, demonstrates awareness of assumptions, and applies appropriate economic principles and methods
  • 3.
    Appreciate the role of evidence to support or disprove arguments; select, evaluate, and document sources and evidence, and use them effectively to test reasoning
  • 4.
    Recognize alternative explanations and empirical/theoretical challenges to an argument and incorporate them to either strengthen an argument or define its limitations
  • 5.
    Express ideas and arguments in writing clearly, precisely and engagingly, within the framework of economic logic
  • 6.
    Understand the expectations of different genres and how to adapt writing for different audiences, purposes, and contexts
  • 7.
    Give, receive and incorporate constructive feedback to improve thinking and writing
  • 8.
    Plan, develop and revise ideas, draft and rewrite texts using a processbased and reflective approach
• ECON 3800

  ECON UG Honors Thesis I

  2 Credit(s)
  Prerequisite(s)

  [(ECON 3014 AND ECON 3024) OR (ECON 3133 AND ECON 3143)] AND ECON 3334

  Description

  This course is a supervised course which trains student to do proper economic research. This course is Part I of the ECON UG Honors Thesis that consists of two parts (ECON3800: Honors Thesis I and ECON4800: Honors Thesis II). This course is designed to help students brainstorm their research idea by providing structured information session and continuous mentorship. Students need to submit a research proposal and share it through the final presentation. Students are expected to synthesize and apply skills and knowledge learnt from the course, and findings from their individual thesis would be useful to understand real-life phenomena. Graded P or F. Instructor's approval is required for taking the course. For BBA(ECON), BSc(ECOF) and BSc(MAEC) students, including students taking an additional major in any of these programs.

  Intended Learning Outcomes

  On successful completion of the course, students will be able to:

  • 1.
    Search, brainstorm and formulate research ideas
  • 2.
    Integrate and apply knowledge learnt to real life phenomena
  • 3.
    Apply research findings to explain or solve problems
  • 4.
    Communicate their findings and observations to the general audiences
• ECON 4114

  Industrial Organization and Competitive Strategy

  4 Credit(s)
  Prerequisite(s)

  ECON 3014 OR (ECON 3113 AND ECON 3133)

  Description

  Market structures and their implications for industry performance and strategic decision-making by firms; entry deterrence, advertising, R&D investments; horizontal and vertical integration, strategic alliances, joint ventures and multi-market interaction.

  Intended Learning Outcomes

  On successful completion of the course, students will be able to:

  • 1.
    Apply Economics and Econometrics reasoning to problems related to competitive strategy and competition policy.
  • 2.
    Analyze and solve problems using appropriate analytical techniques.
  • 3.
    Deliver business problems analyses and ideas to stakeholders in English effectively.
  • 4.
    Demonstrate substantial knowledge of their business major to solve business problems.
  • 5.
    Apply business knowledge to deliver positive business and social impacts at local and international levels.
  • 6.
    Critically evaluate practical economic models and exercise sound economic judgment in applying mathematical and economic principles to achieve justi able solutions and making effective decisions supported by analytical and quantitative techniques.
  • 7.
    Communicate quantitative and economic concepts and methods effectively to a range of audiences, both in oral and written forms.
• ECON 4124

  Applied Game Theory

  4 Credit(s)
  Prerequisite(s)

  ECON 2103 OR ECON 2113

  Exclusion(s)

  MATH 4321

  Description

  This course introduces the basic concepts of game theory, it emphasize on the unifying perspective that game theory offers to questions in economics, other disciplines, and everyday life. It will enable students to view social interactions as strategic games, to use game theoretic concepts to predict behavior in these interactions and to conceive of ways in which altering the game affects social outcomes.

  Intended Learning Outcomes

  On successful completion of the course, students will be able to:

  • 1.
    Become comfortable with mathematical models of economics and be able to construct and analyze them.
  • 2.
    Produce coherent and easy-to-follow solutions or proofs for analytical problems in economics.
• ECON 4134

  Economics of Uncertainty and Information

  4 Credit(s)
  Previous Course Code(s)

  ECON 4999T

  Prerequisite(s)

  ECON 3014 OR (ECON 3113 AND ECON 3133)

  Description

  All human endeavors are constrained by limited knowledge about the laws of nature, external events in the past, present and future, how other people (including ourselves) are going to behave, etc. Life is filled with decision problems without perfect information of their consequences. In view of these, research on the decision making and strategic interaction under risk and uncertainty have been extremely active for the past few decades. This course aims to provide an introduction to this exciting field of research and suggestions for further exploration. The first part of the course is devoted to the economics of uncertainty and covers topics including the expected-utility model, market allocation of risks and asset pricing. The second part of the course is devoted to the economics of information and covers topics including moral hazard, bargaining, auction theory, mechanism design, and information aggregation in the market.

  Intended Learning Outcomes

  On successful completion of the course, students will be able to:

  • 1.
    Understand the logic, scientific basis, and critical thinking of economic analyses
  • 2.
    Apply frameworks and concepts in information economics to explain rationales for commonly observed social and business phenomena
  • 3.
    Apply frameworks and concepts in information economics and game theory to explain the reasoning behind strategic interactions among agents and make predictions concerning the outcomes of the interactions
  • 4.
    Identify distortions and inefficiency arising from misalignment of interests between individual agents and the total welfare, and implications for policy intervention
  • 5.
    Develop simple theoretical models and apply them to analyze current business issues
• ECON 4144

  Health and Education Economics

  4 Credit(s)
  Previous Course Code(s)

  ECON 4999S

  Prerequisite(s)

  ECON 2103 OR ECON 2113

  Description

  This course aims to explore how economics can be used to understand health and education, and to provide tools and skills to evaluate program and policy in this field. It will start with a review of economic tools to evaluate impacts of programs and policies: micro-econometrics including OLS, IV approach, diff-in-diff estimation, and regression discontinuity design. Rest of the course will focus on recent empirical papers on health and education economics.

  Intended Learning Outcomes

  On successful completion of the course, students will be able to:

  • 1.
    Evaluate and compare different social and scientific perspectives on health and education issues around the world
  • 2.
    Assess existing policies on health and education and develop empirical and cost/benefit tools to evaluate their impacts
  • 3.
    Write in a professional way for academic audience
  • 4.
    Develop presentation and communication skill in front of a large group
• ECON 4234

  Labor Economics and Human Resources

  4 Credit(s)
  Prerequisite(s)

  One of ECON 3113 or ECON 3014

  Description

  Occupational choice; labor market analysis and determination of earnings; unions and collective bargaining; employment and job turnover; family, fertility and population issues; training, health, and human capital.

  Intended Learning Outcomes

  On successful completion of the course, students will be able to:

  • 1.
    Define key concepts related to labour markets.
  • 2.
    Explain the optimisation process behind labour supply and demand, analyse labour market equilibria and welfare programmes.
  • 3.
    Understand and analyse the effects of migration on labour markets, both in the short and long term.
  • 4.
    Discuss different theories about the role of human capital in labour markets.
  • 5.
    Analyze the phenomenon of labour market discrimination, design ways to measure it and analyze its labour market consequences.
  • 6.
    Understand and analyse the effects of minimum wages on labour market outcomes.
  • 7.
    Communicate own thoughts and analysis about economic phenomena and economic logic in written and oral formats.
• ECON 4244

  Economics of Human Behavior

  4 Credit(s)
  Prerequisite(s)

  (ECON 3014 OR ECON 3113) AND ECON 3334

  Description

  This course applies economic principles to understand various aspects of human behavior that have usually been considered to be outside the realm of economics. Topics include irrational behavior, crime, marriage, divorce, family, and philanthropy. Both theoretical and empirical analyses will be emphasized.

  Intended Learning Outcomes

  On successful completion of the course, students will be able to:

  • 1.
    Critically evaluate practical economic models and exercise sound economic judgment in applying mathematical and economic principles to achieve justifiable solutions and making effective decisions supported by analytical and quantitative techniques.
  • 2.
    Demonstrate the ability to explain, interpret, and present quantitative and economic concepts and methods clearly and effectively to diverse audiences, using both oral and written communication.
  • 3.
    Apply information technology tools and statistical/econometric software to manage databases and conduct empirical analysis for business applications.
  • 4.
    Demonstrate an understanding of professional and ethical responsibilities by applying informed ethical reasoning grounded in rigorous quantitative and economic analysis.
• ECON 4264

  Economics of Innovation and Entrepreneurship

  4 Credit(s)
  Previous Course Code(s)

  ECON 4999Q

  Prerequisite(s)

  ECON 2103 OR ECON 2113

  Description

  This course introduces students to fundamentals of entrepreneurship and innovation from an economist’s perspective. The course will be separated into two parts: the first part focuses on basic concepts and tools in the Economics of Entrepreneurship and Entrepreneurial Finance; the second part discusses topics related to Economics of Innovation. The purpose of the class is twofold: first, students are expected to acquire the very basic knowledge that may help them plan and launch entrepreneurial ventures as entrepreneurs and innovators; second, students are expected to understand the economic institutions where entrepreneurship and innovation take place.

  Intended Learning Outcomes

  On successful completion of the course, students will be able to:

  • 1.
    Demonstarte a thorough understanding of theories and quantitative methods to analyze economic phenomena in entrepreneurship and innovation from both macro- and micro-perspectives and apply them effectively.
  • 2.
    Develop an understanding of the policy-making issues associated with entrepreneurship and innovation.
  • 3.
    Work collaboratively in a team to analyze and present solutions to real-life cases.
  • 4.
    Demonstrate an understanding of the principles of academic writing and economic analysis, and apply them effectively.
• ECON 4274

  Programming Econometrics with R

  4 Credit(s)
  Prerequisite(s)

  ECON 3334

  Description

  This course puts statistical theory and econometric method into practice by working with data and cases. Students are required to write their own program with R for summary statistics, data visualization, estimation, and hypothesis testing. The students are also trained to produce table and write report for empirical study. The main objective is to help students develop skills in working with data to support a better business decision or analysis.

  Intended Learning Outcomes

  On successful completion of the course, students will be able to:

  • 1.
    Understand the logic, scientific basis, and critical thinking of economic analyses. Solve business problems using appropriate quantitative and analytical techniques.
  • 2.
    Analyze qualitatively and quantitatively basic economic and financial problems. Apply economic knowledge to practical situations and make sound economic and finance decisions. Have a solid foundation for postgraduate studies.
  • 3.
    Collaborating effectively with your team members to answer questions in homework.
  • 4.
    Graduates will be effective users of information technology in business applications. Demonstrate proficiency in using IT applications in business and management. Use econometric or statistical software to deal with databases and conduct empirical analysis.
  • 5.
    Be lifelong users of economic analysis and econometric or statistical software.
• ECON 4284

  Econometrics for Cross-Section and Panel Data

  4 Credit(s)
  Prerequisite(s)

  ECON 3334

  Description

  This course introduces students to advanced econometric tools for analyzing cross section and panel data. These tools are useful in areas such as industrial organization, corporate finance, labor and public economics. Topics include: instrumental variable estimation; panel data; discrete choice models; censored and truncated dependent variables; duration models.

  Intended Learning Outcomes

  On successful completion of the course, students will be able to:

  • 1.
    Understand popular methods in econometrics to conduct causal inference.
  • 2.
    Apply basic asymptotic theory to analyze and evaluate different econometric method.
  • 3.
    Use appropriate methods to conduct empirical analysis.
  • 4.
    Use software to analyze a given economic data and interpret the results.
• ECON 4304

  Time Series Econometrics and Business Forecasting

  4 Credit(s)
  Prerequisite(s)

  ECON 3334 OR MATH 4424

  Exclusion(s)

  ISOM 4540, MATH 4425

  Description

  The use of time series data for business forecasting is examined using the methods of regression analysis, exponential and Autoregressive Integrated Moving Average (ARIMA) techniques.

  Intended Learning Outcomes

  On successful completion of the course, students will be able to:

  • 1.
    Understand key concepts in time series econometrics and acquire basic analytical skills in time series analysis.
  • 2.
    Construct an appropriate time series regression model to analyze a given economic data set, and then conduct statistical inference and interpret the results.
  • 3.
    Use the statistical software R to conduct time series analysis and forecast.
  • 4.
    Collect data to conduct empirical analysis, and provide answers to economic questions.
  • 5.
    Explain and communicate economic problems clearly in both oral and written forms, and support your explanations with empirical evidence.
• ECON 4305

  Applied Machine Learning for Economic and Financial Analysis

  4 Credit(s)
  Previous Course Code(s)

  ECON 4999V

  Prerequisite(s)

  ECON 3334

  Description

  This course applies machine learning to solve economic and financial problems, including residential property valuation, GDP and recession forecasting, default risk prediction, credit card fraud detection, portfolio analysis, volatility prediction, and market anomaly detection. It maps those problems into relevant supervised/unsupervised learning tasks and introduces basic machine learning methods. Students will get hands-on experience with machine learning to analyze practical business problems.

  Intended Learning Outcomes

  On successful completion of the course, students will be able to:

  • 1.
    Identify the machine learning approach for a potential economic and financial application.
  • 2.
    Differentiate machine learning tasks by regression, classification, clustering, and reinforcement learning.
  • 3.
    Apply machine learning methods to analyze practical economic and financial problems.
  • 4.
    Implement machine learning techniques in Python.
  • 5.
    Conduct empirical research using machine learning methods.
• ECON 4334

  Money and Banking

  4 Credit(s)
  Prerequisite(s)

  (ECON 3014 OR ECON 3113) AND (ECON 2123 OR ECON 3123)

  Exclusion(s)

  ECON 5350

  Description

  Theories of money supply and demand; role of money in business fluctuations, inflation, and growth; banking, financial intermediation, and money supply; targets and instruments of monetary policy; rules versus discretion.

  Intended Learning Outcomes

  On successful completion of the course, students will be able to:

  • 1.
    Understand basic monetary concepts, the financial system, and the role of central banks.
  • 2.
    Analyze the tools central banks use to implement monetary policy and their effects on the economy.
  • 3.
    Examine the management of banks and financial institutions and their interactions with central banks and the real economy.
  • 4.
    Evaluate the role of central banks in mitigating economic risks through regulation and policy responses to financial crises.
  • 5.
    Apply key economic models, including ISLM, AS-AD, Quantity Theory of Money, and advanced macroeconomic models.
  • 6.
    Assess central bank policies, analyze their effects on interest rates, and scrutinize financial stability using algebraic and geometric modeling.
• ECON 4364

  International Trade and Investment

  4 Credit(s)
  Prerequisite(s)

  (ECON 3014 OR ECON 3113) AND (ECON 2123 OR ECON 3123)

  Description

  This course will cover the patterns and the mechanisms of international trade and foreign investment. Topics include the patterns of international trade, why nations trade, what they trade, and who gains from trade, without explicit policy interventions; the determinants and the implementations of different trade policies, the motives for countries or organizations to restrict or regulate international trade, and the welfare implications of those trade policies; the role of firms in the global economy, the operations of multinational enterprises, outsourcing, as well as the patterns and the determinants of foreign direct investment.

  Intended Learning Outcomes

  On successful completion of the course, students will be able to:

  • 1.
    Demonstrate foundational knowledge of international economics Describe the main questions in international economics and the main components of international trade. Explain the impact of each key component; and analyze the critique of the applicability of models.
  • 2.
    Locate, gather, and organize information using appropriate information technology and systems.
  • 3.
    Apply the international trade concepts, principles, and models to analyze global phenomena and relevant policy debates, conduct economic analysis of the world economy and society, and carry out independently applied research on international economic problems.
  • 4.
    Communicating effectively in oral and written English to analyze global economic issues.
  • 5.
    Demonstrate the ability to collaborate effectively in group settings.
  • 6.
    Discuss the consequences of an international trade shock or a policy change as well as provide wise policy suggestions to governments and international organizations.
  • 7.
    Develop an appreciation for international economics and a desire to continue further study.
• ECON 4374

  International Macroeconomics and Finance

  4 Credit(s)
  Prerequisite(s)

  (ECON 3014 AND ECON 3024) OR (ECON 3113 AND ECON 3123)

  Description

  This course will help students understand the macroeconomic and financial linkages between domestic and foreign countries. Topics include the international financial market environment, the impacts of exchange rate fluctuations, the mechanisms of adjustment, the operation of the exchange rate systems in developing and developed countries, the international monetary system, and the relationship among money, output, exchange rates, interest rates and prices.

  Intended Learning Outcomes

  On successful completion of the course, students will be able to:

  • 1.
    Demonstrate foundational knowledge of international macroeconomics and finance. Identify the main questions and issues in international macro and learn how to analyze them. Learn a few models and theories in international macro and how they can be applied to the real world.
  • 2.
    Apply the concepts, principles, and models learned in this course to analyze issues and policies in international macroeconomics in the real world.
  • 3.
    Communicate effectively in oral and written English when analyzing economic issues.
  • 4.
    Analyze the consequence of an international macro shock or a policy change and provide policy suggestions to governments and international organizations.
• ECON 4434

  Economic Development and Growth

  4 Credit(s)
  Prerequisite(s)

  ECON 3014 or ECON 3133

  Description

  Theories of externally and internally induced growth: roles of population, human and physical capital, international trade and investment, technology, and government policies; demographic and economic transition; comparison of development strategies.

  Intended Learning Outcomes

  On successful completion of the course, students will be able to:

  • 1.
    Identify and explain the key features of underdevelopment.
  • 2.
    Explain the links between income, non-income factors and human wellbeing.
  • 3.
    Define basic measures of underdevelopment, poverty and inequality, and critique their usefulness.
  • 4.
    Describe market imperfections and explain in their own words how market imperfections may impede growth.
  • 5.
    Conduct simple theoretical analyses of agrarian land, credit and insurance markets.
  • 6.
    Describe the logic behind empirical methodologies commonly used in development economics research, and how these contribute to causally identifying phenomena at work.
  • 7.
    Articulate how the education and health sectors tend to operate in developing countries, and the major barriers to high achievement.
  • 8.
    Analyze economic phenomena observed in the developing world.
• ECON 4454

  Green Economy and Sustainability

  4 Credit(s)
  Previous Course Code(s)

  ECON 4999X

  Prerequisite(s)

  ECON 2103 OR ECON 2113

  Exclusion(s)

  ENVR 3410

  Description

  This course delves into the intersection of finance and environmental sustainability, exploring strategies to address pressing environmental issues like pollution and climate change through financial mechanisms. Students will examine foundational theories of environmental economics and delve into practical applications of sustainable business practices within a green economy framework. Additionally, the course explores pertinent legislative and regulatory frameworks shaping sustainability initiatives. Through case studies, students will analyze the environmental impacts on asset prices, including real estate and stock market performance. Moreover, the course addresses the complexities of public finance in the context of sustainability challenges. By the end of the course, students will possess essential financial tools to assess and manage environmental risks, whether as investors, asset managers, or regulators, contributing to sustainable development goals.

  Intended Learning Outcomes

  On successful completion of the course, students will be able to:

  • 1.
    Understand the key concepts, principles, and models of environmental economics.
  • 2.
    Understand the principles of sustainable business practices and the fundamentals of green finance.
  • 3.
    Understand the professional and ethical responsibility regarding sustainability.
  • 4.
    Collaborate and communicate effectively in oral and written English on issues regarding sustainability.
  • 5.
    Analyze and identify risks and opportunities in business practices, market strategies, or trade strategies associated with sustainability and green finance.
  • 6.
    Analyze the consequence of an environmental challenge or an environmental policy change and provide policy suggestions to governments and international organizations.
  • 7.
    Develop an academic or career interest in green finance and sustainability.
• ECON 4464

  Urban and Environment Economics

  4 Credit(s)
  Previous Course Code(s)

  ECON 4999N

  Prerequisite(s)

  ECON 2103 OR ECON 2113

  Description

  The course is designed to introduce students to key contemporary concepts in urban and environmental economics, and to equip them with the approaches in economics that are generally applied to analyze urban/environmental problems and policies. The course will be divided into two parts. Part I will cover topics on the economics of cities, including rent and wage determination, the location decisions of households and firms, agglomeration economics, housing, transportation and land use. Part II will focus on environmental economics, covering topics on externalities, Pigouvian policies and environmental valuation.

  Intended Learning Outcomes

  On successful completion of the course, students will be able to:

  • 1.
    Be familiar with topics in urban economics, including agglomeration, urban land use, transportation, and housing market and apply them in daily issues
  • 2.
    Be familiar with topics in environmental economics, including externality, Pigouvian policies and environmental valuation and to evaluate in daily issues
  • 3.
    Be familiar with economic reasoning behind public policy making and able to evaluate urban/environmental policies in an economic perspective
  • 4.
    Expose students to research topics and empirical methods at the frontier of urban and environmental economic
• ECON 4474

  Hong Kong's Economy

  4 Credit(s)
  Prerequisite(s)

  One of ECON 2103, ECON 2113 OR ECON 3113, AND ECON 2123 OR ECON 3123

  Description

  Hong Kong's post-war economic performance and prospects for further growth and development; analyses of key sectors; income and wealth distributions; Hong Kong, South China, and strategies for economic upgrading.

  Intended Learning Outcomes

  On successful completion of the course, students will be able to:

  • 1.
    Develop and apply critical and creative thinking skills to make effective decisions using appropriate analytical methods.
  • 2.
    Demonstrate effective leadership and English communication skills when solving business problems.
  • 3.
    Demonstrate a broad understanding of business functions and in-depth knowledge of their major.
  • 4.
    Understand their ethical and social responsibilities in local and global contexts.
• ECON 4670

  Economics Research and Communication

  0 Credit(s)
  Description

  This course is to ensure that students will acquire research and communication skills through producing a research-based term paper. The paper may be one that has been written for ECON 4959, or any other 4000-level or above Economics course that has a term paper requirement. The paper should embody the equivalence of a minimum of two credits of workload if it is written for ECON 4959. A standard at grade C or above must be obtained for the paper. For Economics students only. Graded P or F.

  Intended Learning Outcomes

  On successful completion of the course, students will be able to:

  • 1.
    Apply critical and creative thinking to make effective decisions using appropriate analytical and quantitative methods.
  • 2.
    Demonstrate the ability to communicate effectively in both oral and written forms in English and Chinese for various general business contexts.
  • 3.
    Demonstrate a broad understanding of the core business functions and integrate these functions to solve business problems.
  • 4.
    Demonstrate comprehensive knowledge and understanding of your business concentration or major.
  • 5.
    Demonstrate the ability to be an effective team member and leader.
• ECON 4800

  ECON UG Honors Thesis II

  3 Credit(s)
  Prerequisite(s)

  ECON 3800

  Description

  This course is a supervised course which trains student to do proper economic research. This course is Part II of the ECON UG Honors Thesis that consists of two parts (ECON3800: Honors Thesis I and ECON4800: Honors Thesis II). This course is designed to help students to produce a tangible research output in the form of a written thesis. An individual faculty supervisor will be assigned to each student. The research output will be disseminated via the end-of-the-semester UG research workshop where all students taking this course are invited to present their work. Instructor's approval is required for taking the course. For BBA(ECON), BSc(ECOF) and BSc(MAEC) students in their fourth-year of study, including students taking an additional major in any of these programs.

  Intended Learning Outcomes

  On successful completion of the course, students will be able to:

  • 1.
    Integrate and apply knowledge learnt to real life phenomena
  • 2.
    Apply research findings to explain or solve problems
  • 3.
    Communicate their findings and observations to the general audiences
• ECON 4959

  Independent Study

  1-4 Credit(s)
  Description

  Faculty directed independent study. May be repeated for credits if different topics are taken.

  Intended Learning Outcomes

  On successful completion of the course, students will be able to:

  • 1.
    Search, brainstorm and formulate research ideas.
  • 2.
    Integrate and apply knowledge learnt to real life phenomena.
  • 3.
    Apply research findings to explain or solve problems.
  • 4.
    Communicate their findings and observations in the form of research project/paper.
• ECON 4999

  Special Topics in Economics

  1-4 Credit(s)
  Description

  Special topics in the current development of theoretical and empirical economics; topics vary with instructor.

  Intended Learning Outcomes

  On successful completion of the course, students will be able to:

  • 1.
    Equip with broad and useful knowledge to various topics which are not covered by existing courses.
  • 2.
    (Each offering under the umbrella will have specific learning outcomes.)