Department of Economics and Finance Welcome 歡迎
How the Minors in Business Economics/Finance Prepare Students for a Challenging Career in Economics/Finance? Presentation by: Prof. Junbo WANG Professor (Minor Advisor of Finance) Dr. Vikas KAKKAR Associate Professor (Minor Advisor of Business Economics) Department of Economics and Finance City University of Hong Kong
Introducing Department of Economics and Finance (EF Department)
High Research Rankings in Asia Department of Economics and Finance No. 2 in the top 25% institutions in Hong Kong and 6 faculty members ranked amongst the top 25% authors (IDEAS, RePEc website, accessed in September 2016) Finance No. 3 (in Asia) / No. 49 (in the world) in Finance by Publications in Top 4 Finance Journals (the ASU Finance Research Rankings, 2010-2014) 2014 Hong Kong Government Research Assessment Exercise (RAE) results: 19% of finance publications are rated “world leading” (“4 star” as the highest performance); the 3rd highest percentage in Hong Kong in the area of finance Economics No. 1 in International Economics (Review of International Economics, 2009) No. 1 in Per capita research publications in Economics (Review of International Economics, 2008) No. 2 in Real Estate (Journal of Real Estate Finance and Economics, 2011) No. 3 in Development Economics (Review of International Economics, 2009)
Objectives of EF Equip students to meet community and industry demand Enrich students’ academic offerings Promote continuous self-improvement and life-long learning
Strong Team of Regular Faculty No. of regular faculty Dedicated to teaching, actively engaged in research 42 (as of September 2016)
Renowned Scholars visited EF Myron Scholes Gregory C. Chow Professor Myron Scholes was the Nobel Laureates in economics in 1997. He gave speech to our students in City University of Hong Kong in Nov 2013. Professor Gregory C. Chow, from Princeton University, is our honorary Professor. He gives speech to our student regularly. Thomas Sargent Andrew Karolyi (Cornell University) Professor Thomas Sargent was the Nobel Laureates in economics in 2011. He was invited to City University of Hong Kong to discuss the financial crisis with students in Sep 2012. Marco Pagano (University of Naples Federico II) Professor Marco Pagano & Professor Andrew Karolyi presented recent studies on international financial markets in June 2016.
Unique Features and Strengths of EF Economics and Finance under one roof – synergy effects. EF faculty members come from Hong Kong, Mainland China, France, India, Korea, Thailand, Turkey, Uzbekistan, Sweden, etc: a Mini-United Nations
Programmes offered by EF
Programmes offered by EF BBA programmes in: Major / Minor Business Economics Finance MSc programmes in: Applied Economics Financial Engineering Financial Services Research Degree programmes in: Economics
Minors offered by EF
Why Study Minors in Business Economics / Finance? Hong Kong is one of the most prominent international trading and financial centers in the world. In this complex society, economic problems and issues arise all the time, affecting people from all walks of life (and all fields of work). People trained in economics and finance will have the necessary skills and means to analyze and understand the economic and financial events happening around them, and their impacts on their work, career, and life. This enhances students’ competitiveness in the market, and their employability.
Minor in Business Economics Aims of Minor This minor aims to provide students a moderate level of understanding of how business economics can be applied to support business decision making. Intended Learning Outcome of Minor (MINILOs) Upon successful completion of this Minor, students should be able to: Apply economic reasoning to understand and evaluate business problems and issues; Demonstrate ability to evaluate the effects of world events and government policies on regional economies.
Minor in Business Economics Minor Requirement (15 credit units) Core Courses (3-6 credit units depending on the major of the student) Course Code Course Title Level Credit Units Remarks CB2400 Microeconomics B2 3 Double counting is permissible for BBA students CB2402 Macroeconomics Students who take this as part of their major requirements are required to take additional elective courses.
Minor in Business Economics Minor Requirement (15 credit units) Electives (9-12 credit units depending on the major of the student) Note: Students who take (or have taken) the following elective courses as part of their major requirements are required to choose additionally other elective courses, or other courses as designated by the Minor Advisor. Course Code Course Title Level Credit Units EF2452 Mathematics for Economics and Finance B2 3 EF3441 Intermediate Macroeconomics B3 EF3442 Intermediate Microeconomics EF3450 Principles of Econometrics EF3451 Economic and Business Forecasting
Minor in Business Economics Electives (Cont.) Course Code Course Title Level Credit Units EF3460 Asia-Pacific Economies B3 3 EF3461 Economies of China (Mainland) and Hong Kong EF4441 Open Economy Macroeconomics B4 EF4450 Applied Time Series Analysis EF4461 Contemporary Economic and Financial Issues in China EF4471 International Finance EF4473 International Trade EF4480 Industrial Organization EF4481 Regulatory Economics
Minor in Business Economics Electives (Cont.) Course Code Course Title Level Credit Units EF4484 Economic Strategy and Game Theory B4 3 EF4485 Experimental Methods in Economics/Finance EF4490 Urban Economics EF4491 Real Estate Economics and Finance
Minor in Finance Aims of Minor Provide students with knowledge of the basic analytical tools in finance and applications of finance theories to practical problems in the financial markets; Develop students’ analytical ability to analyse financial problems and issues that non-financial corporations and financial institutions face. Intended Learning Outcome of Minor (MINILOs) Upon successful completion of this Minor, students should be able to: Analyze the roles, development and operations of financial markets and institutions; Demonstrate basic competence in formulating corporate investment and financing strategies; Apply fundamental risk management tools to hedge and manage risks.
Minor in Finance Minor Requirement (15 credit units) Core Courses (6-9 credit units depending on the major of the student) Course Code Course Title Level Credit Units Remarks CB3410 Financial Management B3 3 Double counting is permissible for BBA students EF3320 Security Analysis and Portfolio Management Students who take this as part of their major requirements are required to take additional elective courses. EF4313 Corporate Finance B4
Minor in Finance Minor Requirement (15 credit units) Electives (6-9 credit units depending on the major of the student) Note: Students who take (or have taken) the following elective courses as part of their major requirements are required to choose additionally other elective courses, or other courses as designated by the Minor Advisor. Course Code Course Title Level Credit Units EF3333 Financial Systems, Markets and Instruments B3 3 EF4312 Mergers and Acquisitions B4 EF4314 Corporate Valuation EF4321 Derivatives and Risk Management EF4327 Fixed Income Securities EF4334 Regulation and Management of Financial Institutions