Economics

This course introduces the basic concepts of public finance, including the scope of public expenditure and public revenue, financial regulation (public debt management), and local finance. The first part of course covers the expenditure side of public issues, including market failure correction, public goods, externalities, income distribution and social transfer payments, public choice, cost-benefit analysis, public utility pricing, and social insurance. The second part covers public revenue (tax system, etc.) and other issues, based on "Expenditure and Revenues" principle, including the tax structure, tax efficiency, effectiveness, tax incentive effects, tax equity, financial regulation (public debt management) and local finance and other issues. Other topics include public goods provision and cost sharing, the social security system and income tax, sales tax, property tax.

This course studies the cycle of public policy in developing countries, paying attention to evaluation of public policies, taxation in developing countries.

This course seeks to introduce microeconomic analysis as a way of understanding the world. Students are exposed to important topics like consumer choice theory, the theory of production and costs, the economics of time, and the impact of market failure and government intervention. Students are exposed to standard microeconomic theory to develop their economic intuition, while also gaining economic tools that support this intuition along the way.

This course offers a systematic, comprehensive and professional understanding in anti-money laundering and anti-terrorism financing and other types of financial crimes. The course covers the seriousness of financial crimes and the urgency of effective prevention and combat against them; compliance management and risk internal control; and the integration of the content of economics, finance, criminology, law, sociology, management, psychology and other interdisciplinary subjects.

One often encounters situations in which two agents are involved in a mutual agreement. Invariably, one economic agent has more information about a characteristic that is relevant to the agreement, than the other. In this course, students study how agents deal with this information asymmetry by designing incentives and embedding them in contracts. Students also study the effects of information asymmetry on the prevailing market equilibrium. Applications of the theory include insurance, labor economics, industrial economics, and environmental economics.

This is a first part of a year-long intermediate-level macroeconomics course. Specifically, in this semester the main topic is economic growth. Throughout this semester, the course answers the following questions: What are key factors for economic growth? Why do some countries grow faster than other countries? The course strengthens understanding of macroeconomics by exaimining economic theory and economic models. Mathematical models are applied in this course. Prerequisite: Principles of Economics.