Page 179 - SYU Prospectus

Economics & Finance

economics not only as a body of knowledge but also a method for understanding current
economic problems.
Major topics covered are the nature, principles and methodology of Economics; demand
and supply in the product and resource markets; national income accounting; simple national
income determination models; aggregate demand and supply analysis; money supply and
central banking; international trade and finance; and the effects of monetary and fiscal policies
on the local economy.

ECON 101-2 Principles of Economics
2 Terms; 6 Credits
This course aims to provide a general study of basic economic principles. It presents
economics not only as a mere body of knowledge but also as a method for understanding the
current economic problems.
Major topics covered are as follows: the nature and methodology of Economics; demand
and supply; pricing and allocating factors of production; market failure and public choice;
externalities and the environment; national income determination models; fiscal policy; money
and banking in Hong Kong; monetary policy; inflation and business cycles; macroeconomic
policy challenges; trading with the world; and balance of payments and exchange rates.

ECON 320 International Trade
1 Term; 3 Credits
The aim of the course is to introduce to students the theories of international trade, as
well as to demonstrate the principles of applying basic models to trade policy analysis. Major
topics covered are as follows: Ricardian comparative advantage, the Heckscher-Ohlin model,
intra-industry trade, foreign direct investment (FDI), protectionism, economic integration, WTO,
and globalization.

Note: For the descriptions of courses not listed under the Department of Economics and
Finance, please refer to their respective Departments for details.

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