Page 173 - SYU Prospectus

Economics & Finance

Emphasis is placed upon how the theories and methods of the past have influenced
contemporary economics. Discussions will chronicle the progress of economic ideas and
philosophies from ancient to modern times. The major tenets of various schools of western
economic thought will be explored. Students will be trained to evaluate the contributions of
economic thinkers and apply the arguments from major schools of thought to current economic
issues.

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
Misspecification (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
international economic system.

ECON 336 Urban and Real Estate Economics
1 Term; 3 Credits
This course is designed for students to develop a framework for examining the spatial
distribution of economic activities in urban areas and property markets. Major topics include

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