Economics

This course provides insight into corporate financial management and capital markets. Emphasis is on the financial aspects of managerial decisions and topics covered include all areas of finance, including the valuation of real and financial assets, risk management and financial derivatives, the trade-off between risk and expected return, corporate financing and payout policy. Text: Richard A. Brealey, Stewart C. Myers and Alan J. Marcus, FUNDAMENTALS OF CORPORATE FINANCE; Case: Square, Inc., Financing a Unicorn. Assessment: case (10%), quiz (20%), final exam (35%), midterm (35%).

Econometrics provides a robust statistical framework for effectively evaluating economic theories. Our goal is to cover a broad range of econometric techniques applicable to real-world economic analysis, with a focus on empirical applications and utilizing R programming skills. Completing the prerequisite course 'Statistics for Business and Economics' is mandatory for enrollment; students without this prerequisite will not be permitted to enroll. While matrices are not the primary tool for explaining regression equation structures, a brief overview of matrix concepts related to regression may be provided. You can begin to learn R programming skills from this course. 

Learning Goals:

1. Simple and Multiple Regressions
2. Statistical Inferences for Regressions
3. Dummy Variable Regression
4. Heteroskedasticity and Serial correlation
3. Instrumental Variable Regression
4. Panel Regression
5. Logit and Probit Regression
6. Quantile Regression
7. etc.

Power of great empires was always based on their economy. Sustainable economic growth is therefore crucial for keeping the political influence as well as for ensuring the prosperity for its inhabitants. Economic power and prosperity of the past empires were often threatened by similar economic policy failures as we know today: fiscal crises, inflation, extensive regulation, or institutional mismanagement. Course lectures provide an overview of the economic policy and institutional failures that led to economic decay of the selected past European powers. Lessons from history are compared with the current situation in Central Europe. Students widen and apply acquired knowledge to current economic issues. This course combines application of basic Institutional Economics and International Political Economy.

This course provides a study of international economics, examining key historical points and the fundamental concepts of globalization. It looks at the liberalization of world commerce, movements of capital, and labor issues such as migration. 

This course develops a rigorous understanding of core economic models and analysis, together with an ability to apply the analysis in a variety of contexts. In the first semester, students consider macroeconomic (aggregate, economy-wide) phenomena. They look in greater depth at national income accounting, economic growth, money and inflation; labor markets and unemployment, and consider relevant mathematical techniques. The second semester looks at macroeconomics and includes topics such as monetary and fiscal policy, the open economy, exchange rate systems and monetary union, business cycles, economic policy and financial markets. The course is taught through a program of lectures and tutorials. Learning-by-doing, through problem solving and tutorial work, is an important ingredient of the course, with regular practice tests to reinforce an active approach to learning. Students with a weak math background will need to be prepared to work at developing their math skills.
 

This is a special studies course with projects arranged between the student and faculty member. The specific topics of study vary each term and are described on a special study project form for each student. The number of units varies with the student's project, contact hours, and method of assessment, as defined on the student's special study project form.