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Academics

Economics

1. Program Description

As the undergraduate program of Economics, you will receive training in the principles of economics and their application to a range of problems, including government economic policy. Based around a core of Microeconomics, Macroeconomics and Applied Econometrics, the programs offer a wide selection of optional courses reflecting the diverse research interests and expertise of a large faculty body. The goal of this program is to cultivate students’ ability in mastering the basic principle of economics and management and analyzing the practical issues by using statistics and applied econometrics. After graduation from this program, the students should become high-level professional talents with profound basic theories and sound specialized knowledge in the fields of economics and management and the ability of understanding the economic policy and system.

2. Program Duration and Credit

This is a four-year undergraduate program, which can be completed within a minimum of three years and a maximum of seven years. A total of 109 credits are required upon the completion of the program, which include 42 credits from Basic Curriculum, 39 credits from Essential Curriculum and 28 credits from Elective Curriculum.

3. Curriculum

Three modules of courses are offered for this program: Basic Curriculum, Essential Curriculum, and Elective Curriculum. The Basic and Essential curricula are compulsory.

The Elective Curriculum in the list includes extended disciplinary courses offered by the school into which an individual student is admitted, as well as cross disciplinary courses offered by other schools. Students can choose the extended and cross disciplinary courses according to their personal interests and career plans; however, credits should be approved by the School.

(1)Basic Curriculum

Course Code

Course

Credit

Semester

Remark

100701062101

Advanced Mathematics A(I)

6

1

 

100701062102

Advanced Mathematics A(II)

6

2

 

100701062108

linear algebra

3

3

 

100712062101

Probability theory and mathematical statistics  A

5

4

 

100201152202

Microeconomics

6

2

 

100201152201

Macroeconomics

5

3

 

101202152201

Management

3

3

 

100712152201

Applied Statistics

3

4

Including 1 practice credit

101202152202

Accounting

3

3

 

100201152203

Introductory Economics

2

2

 

(2)Essential Curriculum

Course Code

Course

Credit

Semester

Remark

100203153005

Monetary Finance

3

2

 

100201153003

Econometrics

3

3

Including 1 practice credit

100201153008

Marxism Economics

3

4

 

100201153010

Intermediate Microeconomics

3

4

 

100201153009

Intermediate Macroeconomics

3

5

 

100204153003

International Trade

3

6

 

100202153001

Finance

3

5

 

100201153004

History of Economics

3

5

 

100201153002

Industrial Economics

3

6

 

100201153007

Innovation Practice

2

7

practice course

100201153011

Specialized Practice in Economics

4

4

 

100201153005

Economics Research and Scientific Writing

2

7、8

practice course

100201153001

Thesis in Economics

4

8

practice course

(3)Elective Curriculum

Course Code

Course

Credit

Semester

Remark

100201154005

Development Economics

3

3

 

100203154005

International Finance

3

6

 

100201154013

Chinese Economy Research Series

3

5

 

100201154009

Regional Economics

3

4

 

100201154011

Mathematical Economics

3

5

 

100203154015

Investments

3

5

Including 0.5 practice credit

100203154002

Corporate Finance

3

5

 

101202154003

Financial Management

3

5

 

100201154001

Selected Readings from Capital

3

6

 

100201154003

The Contemporary Economic Theories and Schools

2

5

 

101201154006

Technical Economics

2

6

 

100201154010

World Economy

2

4

 

100203154004

International Finance Practice

2

6

Including 1 practice credit

101202154015

International Business Management

2

6

 

100201154007

Labor Economics

2

6

 

101202154008

Management Communication

2

5

 

101202154032

Marketing

2

5

 

100204154006

Business English

2

4

Including 0.5 practice credit

101202154024

Human resources management

2

4

 

100203154011

Financial Economics

3

6

 

(Note: 1. Odd-number semesters are the fall semesters and even-number semesters are the spring semesters in each academic year. 

      2. The asterisk * marks a core course.

4. Core Courses and Introductions

100201152202     Macroeconomics      (6 cr.)

Prerequisites:   None

By analyzing interpersonal interactions from point of view of rational choice, microeconomics aims to realize the behaviors behind the social economic phenomenon. As for the course, beginning with rational choices behaved by households, businesses and governments, it concentrates on the interactive relationship between households and businesses (market), businesses and businesses (industrial organization), households, businesses and governments (public choice), in order to explain the function and limit of the market mechanism (or simplified as price mechanism) in allocating resources. Key elements of microeconomics are as follows: First, the microeconomics methodology, or the introduction discuss the implication and mutual relation of methodological individualism (micro), rationalism (economically) and logical positivism (Scientifically). Second, rational choice theory is divided into consumer behavior theory (which explains rational choice behaved by households on product requirement and factor supply) and firm behavior theory (including production theory, cost theory and perfectly competitive firm theory, the analysis of rational choice behavior of perfectly competitive for product supply and factor demand). Third, it analyzes the interactive relationship between households and businesses, including the perfectly competitive market paradigm, the monopoly theory and the monopoly competition market theory. Fourth, it analyzes the interactive relationship between businesses and businesses, including the Oligopoly market theory and the game theory. Fifth, it analyzes the interactive relationship between households, businesses and governments, including the general equilibrium theory, economic efficiency (about the successes and failures in markets), the externality theory, the public goods theory and the asymmetric information theory.

100201152201     Microeconomics      (5 cr.)

Prerequisites:  None

The cores of macroeconomics are business cycle and economic growth. Within the framework of simple Keynesian model, IS-LM model, IS-LM-BP model, AD-AS model, neoclassical growth model and endogenous growth model, macroeconomics can answer the following questions: What is the primary determinant of the sustainable economic growth in a country? What is the root of the economic fluctuation? What are the primary causes of unemployment? What factors have allowed the rise in price? As a part of global economic system, how will a country’s economic operation affect other countries? Can government policy improve the movement of macro economy?

100712152201     Applied Statistics      (3 cr.)

Prerequisites:  None

It is a main professional course for students majored in management science. The main task is to train students to master the basic theories, methods and techniques and the basic ability of solving economic and social problems in the way of statistics, and lay the theoretical foundation for the subsequent study of econometrics and other disciplines. This course mainly introduces the basic theories and methods of applied statistics, especially emphasizes on the situational judgment used by statistical methods, comparison between different statistical methods and the ability of large-scale data processing and correct interpretation of statistical results. Although this course requires students to master certain knowledge of calculus and probability theory, in the process of teaching, we will reduce mathematical statistical inference process, distinguish applied statistics courses from higher mathematics and theoretical statistics, thereby highlight this course feature that applying statistical methods to the economic and social practice.

The main contents of this course include: statistical introduction, statistical data collection, collation and display, description of statistics distribution, hypothesis testing, analysis of variance, correlation and simple linear regression analysis, the multiple linear regression, time series analysis, statistics and comprehensive evaluation index, principal component analysis and factor analysis, etc.

100203153005     Monetary Finance      (3 cr.)

Prerequisites:  None

This course is a basic and professional compulsory course for financial, economic and management disciplines. The main task is to cultivate the students to have a comprehensive and more profound understanding of the monetary and financial basic theories, basic knowledge and basic methods. This course introduces the general rule of currency, credit and banking activities, the general form of modern finance and economic operation norms, principles, operating procedures, so its content is macroscopic, comprehensive, strategic, microcosmic, individual, strategic and applicable. This course is not only the deepening of the specific macroeconomics and microeconomics, but also the sublimation of the financial economy’s movement rules, operating rules and management method. It is divided into five chapters: the first chapter is basic knowledge, including monetary and currency system, credit and credit instruments, interest and interest rate, foreign exchange and the exchange rate; the second chapter is financial market, including financial market and its composition, financial derivatives market, modern financial market theory; the third chapter is financial institutions, including commercial banks, non-banking financial institutions, central bank; the fourth chapter is monetary theory and monetary policy, including money demand, money supply, monetary equilibrium, inflation and deflation, monetary policy; the fifth chapter is financial development, financial opening and financial regulation, including financial development, financial openness, and financial regulation.

100201153003     Econometrics      (3 cr.)

Prerequisites:  None

It is a main basic course for economics students, which is to help the students master the theory, methods and instruments in quantitative analysis in the field of economics and finance. The content of the course consists of four parts. Part I reviews the basics of probability and statistics for the readers, which aims at connecting those knowledge of probability and statistics with this course. Reader should have some previous background in introductory statistics. Part II introduces the basic analysis tools in econometrics, namely, the classical linear regression model (CLRM). A thorough understanding of CLRM is a must in order to research in the general areas of economics and business. Part III considers the practical aspects of regression analysis and discusses a variety of problems that the practitioner will have to tackle when one or more assumptions of the CLRM do not hold. Part IV discusses two comparatively advanced topics: simultaneous equation regression models and time series econometrics.

100201153008     Marxism Economics     (3 cr.)

Prerequisites:  None

The course Marxist Economics comprehensively explains Marxist economy by elaborating objects and methods of the research, introducing commodity and currency as the carriers. Its basic contents include: production and circulation of capitalist economy, origins and development of monopolistic capitalism, new features and trends of contemporary capitalist economy, theories on primary stage of socialism, theories on socialist market economy with Chinese characteristics, theories on economic growth and development of socialist economy, as well as economic globalization and theories on reform and opening- up, etc.

100201153010    Intermediate Microeconomics     (3 cr.)

Prerequisites:  None

Microeconomics is a major component of modern economics and mainly focuses on the problems of how to allocate resources efficiently in the market. After more than 30 years of reform, in china, market forces have established the supreme position in allocating resources. The market economy has its own mode of operation and internal rules, while students first need to understand and to master these rules and then better adapt to the market economy. This course is based on previous study of microeconomics or economics principle courses, calculus and mathematics tools, to further study the basic theory and analysis method of economics and, to build appropriate models for actual economic problems, and to inspire students to have interest in economic analysis.

100201153009    Intermediate Macroeconomics     (3 cr.)

Prerequisites:  None

Intermediate macroeconomics, as the extension of macroeconomics, further studies the basic macroeconomics from the perspective of long-term, short-term, closed and open respectively. Neoclassical framework model of economic growth and long term model of economic growth were described in detail in this course: it explains the unemployment, economic fluctuations and the formation of the economic cycle in the short term; combined with the knowledge of Money and Banking, it explains the relationship between money and inflation, and their performance in the economic cycle; combined with the knowledge of public economics, it explains the relationships between government spending and taxation, public debt respectively; it also investigates the relationship between the monetary and economic cycle.

100204153003    International Trade     (3 cr.)

Prerequisites:  None

"International trade" is a primary professional course in international economics and trade, and also an important course for students majored in other economics and management which help understand the whole system of economics.

In the context of deepening economic globalization, national economies are not only connected through trade, but also closely tied to each other through global production. A country's production and business activities have become a part of the international division of labor system. China's degree of dependence on foreign trade is much higher than that of the United States, Japan and other developed countries, and China's manufacturing activities have become the center of world manufacturing. Therefore, it is not only a requirement of forming the knowledge system of economics, but also a need in real life, for Chinese students in economics and management universities to grasp basic theories and knowledge of international trade.

With the international allocation of resources as the research object, this course analyzes and studies international trade in goods and services, basic principles of international factor flow, causes of trade, trade patterns, effects of trade, trade policies and other issues. It introduces trade theories from classic ones to modern ones, and helps to understand the theory of international division of labor, the theories of absolute advantage and comparative advantage, specific factors model, the theory of factor endowments, extended H-O theorem and factor price equalization principle, Leontief paradox, imperfect competition trade theory, trade gravity model and product life cycle theory, etc.; Introduce the theory of trade protectionism and its policy tools, analyze the economic effect of international trade policy, the extent of tariff protection and tariff structure, types of non-tariff barriers and its economic effect; Inquire into global and regional trade agreements; Analyze the investment strategy of multinational enterprises and host countries’ policies towards international investment; Introduce international flows of labor and capital; Analyze the international outsourcing of production and service; Help understand international trade and international balance of payments problem; Discuss the issues of international trade and economic development, and analyze new characteristics, new trends, and main problem of contemporary international trade.

Through learning this course, students can have a relatively comprehensive and systematic knowledge on international trade, including its origin, development and economic effects, the formation of trade patterns, distribution of trade income and interests, the operation of trade policies and international coordination, international trade and economic development, which lays the foundation for learning other professional courses of international trade in the future.

100202153001    Finance     (3 cr.)

Prerequisites:  None

Based on market failure, Finance is the study of reflecting the allocation method and efficiency of public resources by analyzing government behaviors. It contains the government revenue, government expenditure, public budget, system of financial management and financial policy.

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