Economics

This course discusses consumer behavior and the variables affecting the decision-making process of purchases. It reviews the characteristics of consumer behavior, including internal variables such as motivations of buying behavior and the perception of marketing stimuli, as well as external socio-cultural, demographic variables.

This course studies industrial policy and management through case studies. Topics include the significance and issues of industrial policy, the global value chain that affects industrial policy, the digital economy following the 4th industrial revolution, the low-carbon economy due to climate change, and the circular economy perspective in consideration of the earth's limitations in natural raw material mining. The present status and future implications of Korea's industrial policy through comparative review with domestic and foreign industrial policies are checked through case studies of major industrial policies.

The course explores debates and approaches to the study of economic history in Africa, placing South Africa's economic history within the context of the continent as a whole. It examines the economic legacies of colonialism, and the place of institutions in the growth and development of the continent. Using comparisons between different regions and countries, this course investigates why countries which are resource rich have not been able to use these resources to improve living standards and encourage broad-based economic development. It also examines the roles international business and labor have played in the economic history of individual countries. Finally, the course tracks the changing place of Africa in the global economy. Course entry requirements: At least two courses in historical, social science or cultural studies offered by the Faculty of Humanities.

The course explores the principles of financial analysis and provides a framework to understand how businesses’ values and risks are captured in financial statements and price them correctly. At the end of the course, students are able to understand various techniques in financial statement analysis; apply techniques to assess and compare firms’ financial position, performance, and credit risk; understand the limitations of financial statement numbers; extract accounting information to make forecasts and valuations; and select the most appropriate valuation model depending on the company analyzed. This course is relevant for students who want to pursue careers in investment banking (particularly in equity research), security analysis, private equity analysis, consulting firms, or corporate finance.