Page 175 - HKSYU Prospectus 2018-19

Economics & Finance

ECON 313 Mathematical Economics
1 Term; 3 Credits

This course is designed to provide an introduction to mathematical analysis in econom-
ics, thus providing insights into modern methods of economic analysis. The course concen-
trates on some particular mathematical techniques, followed by illustrations of how these
techniques are useful in enhancing understanding of different areas of economics. Major
topics covered are as follows: convex subsets, maxima and minima of functions, concave
programming, homogeneous functions, the utility maximization problem, the profit-maximization
problem, the cost-minimization problem, and the application of differential and difference
equations.

ECON 314 Economic Forecasting
1 Term; 3 Credits

This course focuses on the building of a stochastic model for linear univariate time
series. Major topics include forecasting perspective, forecasting with a single-equation
regression model, trend analysis, decomposition method, exponential smoothing, the ARIMA
model, and the use of forecasting methods in practice. Students will receive rigorous training
in using analytical software for forecasting macroeconomic variables.

ECON 315 Economic Modeling
1 Term; 3 Credits

The course aims to provide students with moderately complex econometric models to
understand contemporary issues in economics and finance, help students understand how the
empirical techniques can be applied to real data, and provide the necessary background to
evaluate empirical findings reported in economic literature. Major topics include: A Misspeci-
fication (Diagnostic) Testing, Dynamic Models, Regression Analysis with Time Series Data,
Discrete and Limited Dependent Variable Models, Pooling Cross-Section/Time Series Data
Methods, and Simultaneous-Equation Models.

ECON 323 The Economy of Contemporary China
1 Term; 3 Credits

The course aims to equip students with a basic understanding of the economic
development of China, and to develop students’ ability to analyse contemporary economic
issues of China.

ECON 334 International Economics
1 Term; 3 Credits

This course aims to use economic models to develop students’ understanding of the
nature of international economics and the role of fiscal and monetary policies in the interna-
tional economic system.

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