Economics

This course focuses on the application of principles of actuarial science in survival models and life insurance products for undergraduate students. The purpose of this course is to introduce some typical life insurance products and the calculation of the premium and reserve of some life insurance products. This course alse teaches operational models in the life insurance company. The non-life insurance section of this course focuses on principles and presentation, which will provide students a preliminary understanding of non-life insurance companies.

Digitization and the internet lower the cost to collect, disseminate and analyze data. This course explores how digitization affects interactions between people, firms and governments.  It examines how institutions and regulations can and do respond. Topics include privacy, social networks, network effects, online platforms, recommendation algorithms, reputation mechanisms, search, matching and digital payment systems. Advanced economic theory, especially tools from information economics, are used to explain features of the digital economy and suggest policy recommendations. 

The goal of this course is to give students an introduction to econometrics with applications to empirical problems in economics and policy research. While some mathematical derivations will be presented, the emphasis will be on gaining an intuitive understanding of the principles of econometrics analysis.

The course covers a total of 10 sections, which are 

1) Introduction; 

2) Simple regression model; 

3) Multiple regression model – Estimation; 

4) Multiple regression model – Inference; 

5) Asymptotic properties; 

6) Heteroskedasticity; 

7)Further specification issues; 

8) Limited dependent variable models; 

9) Panel data analysis; 

10) IV and 2SLS estimation.

This course is an introduction to market design, a field of economics focusing on designing markets and mechanisms to allocate resources efficiently. The course covers various topics, including auction theory, matching markets, school choice, and kidney exchange. The course also explores the theoretical foundations of market design and examines how market design principles can be applied to real-world problems.    

Course requirements: basic game theory (keywords: (Bayes) Nash equilibrium, dominant strategy) and microeconomics.

This course systematically introduces the main contents and methodologies of behavioral economics, discusses its process of development, and its mutually reinforcing relationship with neoclassical economics. This course will tell how people systematically deviate from rational assumptions in real decision-making based on a large number of laboratory experiments, field experiments, and empirical evidence.

This course introduces basic corporate finance principles and applies an analytical framework to examine important financial decisions faced by financial managers. We analyze how well-crafted decisions can generate lasting values impact. Course topics include: net present value and capital budgeting; valuing bonds; valuing stocks; financing investment; company valuation; mergers and acquisitions; Initial public offerings; options and dynamic hedging; and corporate governance. 

The Financial Technology (Fintech) course aims to explore the intersection of finance and technology, enhancing the efficiency and innovation capacity of financial services through the application of emerging technologies. The course covers the following key areas:

1. Overview of Financial Technology
2. Big Data Technology
3. Cloud Computing Technology
4. Blockchain Technology
5. Artificial Intelligence Technology
6. Practical Cases and Applications
7. Practical Skills Development

This course examines the economic foundations of managerial decision-making. Topics include the supply-demand model, empirical analysis of demand, consumer choice, production and costs, the organization of the firm, market structure, pricing, game theory, uncertainty, information, the agency problem, and market failure.

This course examines the major issues and sectors of the Hong Kong economy. It combines economic analysis, institutional arrangements, policies, and current public concerns. The course begins with a brief review and highlights of Hong Kong’s economic development. It then goes on to the following areas: the monetary system and exchange rate regime, banking and finance, external trade and investment, the fiscal budget, the labor market, income distribution, and regional integration.