Economics

This course examines the historical and philosophical foundations of economics. It discusses how the history of economic thought has evolved throughout the years by placing the various approaches and methods in economics in their historical context. At the end of this course, students are aware of the rich variety of approaches to analyze economic problems of interest and understand the historic roots of many concepts used in modern economic analyzes.

This course is for students who have studied the principles of economics and will take them through to the next level in their study of microeconomics. The course approach stresses the relevance and application of microeconomic theory in both managerial and public policy decision making. A combination of tables, figures, and simple mathematics are used to provide the grounding in the key principles of microeconomics for further study in the economics programme.

The course provides an introduction to macro-international trade theory and micro-international trade practice. It explores the history and development of China's foreign trade operations, including its challenges, achievements, and potential business opportunities. The course examines both the theory and practice of foreign trade in order to show the direction the country is moving in terms of its trade operations.

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.