Economics

This course analyzes the impact of money, the banking system, and financial markets on modern economic activity and their interaction, helping students understand the financial sector's linkage to overall economic volatility. Students conduct rigorous analysis with simplified models, so that they can understand the mechanism of the operation of economic models such as asset pricing, bank runs, and secured lending restrictions, and explain them in clear logical steps. This course analyzes the changing face of financial intermediation in recent years, the rise of the shadow banking system, and its relationship to the global financial tsunami. It also addresses important topics such as non-traditional monetary policy, quantitative easing, Basel III, leverage cycles, systemic risk, central banks and financial stability, and overall prudential supervision policies. In addition, this course also analyzes issues such as digital currency (virtual currency), fintech and blockchain, shadow banking (supervision arbitrage and systemic risk) and supervision, the exit of quantitative easing, the issue of nominal interest rate "zero lower bound" and the latest topics such as negative interest rate policy, as well as the latest developments in the regulation and prudential supervision of the global financial system and financial institutions.

This course examines the basics of investment project appraisal and business valuation, as well as the concept of capital structure and average cost of financing.

This course explores major theoretical and empirical issues in the field of international political economy (IPE). It focuses on several issue areas in IPE such as international trade, development, and international production networks (multinational corporations).

The course studies the basic structure of China's economy by exploring its historical origins, cultural backgrounds, geographical features, and institutional evolutions. It examines changes within the economic and business environment in China and their likely implications on Southeast Asian economies.

The course is intended to provide a broad introduction to the principles of microeconomic and macroeconomic analysis. Course content varies from year to year, but would typically address the microeconomic analysis of the behavior of individuals and firms, the operation of markets, and government intervention in markets through taxes and regulation; and the macroeconomic analysis of the behavior of economy-wide measures such as output, unemployment, money, interest rates, and inflation.