MBA Online

ECON6032
International Trade and Finance
General Information
The first part of the course covers the pure theory of international trade. Topics include: strategic trade theories and trade policies, comparative advantage, factor-price equalization, gains from trade, tariff and quota, factor mobility, and multi-lateral trade agreements. The second part of the course covers the theory of international finance. Topics include: the balance of payments, exchange rate regimes, currency crises, and the international capital market.
Extra Information
This course is not open to students who have taken ECON6008.

ECON6042
Mathematical Economics
General Information
This course presents both static and dynamic general equilibrium based on optimization to study interrelated macroeconomic issues. In particular, Pontryagin optimal control theory and Bellman certainty and stochastic dynamic programming models will be covered. Such control theory and recursive multi-stage optimization methodology will be applied to important macro topics such as economic growth and employment.
ECON6052
Selected Topics in Macroeconomics
Ngai, Rachel
General Information
This is a special course that deals with various topics of macroeconomics. Topics covered may vary form year to year, depending on the research interests of the instructor.

ECON6033
Corporate Finance
General Information
This course focuses on financial decisions in the modern corporation. The basic topics to be covered include: capital budgeting, cost of capital, capital structure, dividend policy, public offerings, and incentives and contacting problems. There will also be some treatment of mergers and acquisitions, and corporate governance. The course objective is to integrate these various topics into standard theories of risk and return, and the valuation of assets in order to provide a theoretical framework for considering corporate finance problems and issues, with an understanding of how it applies to the real world.

ECON6010
Monetary Policy: Theory and Practice
General Information
This course traces the evolution of central banks over the last 200 years from primitive financial clearing-houses to promoters of macroeconomic stability and growth as a natural progression as policy-makers sought to combat various challenges to macroeconomic stability, such as inflation and systemic financial risk. The course will discuss different monetary policy regimes, including currency boards and inflation targeting, and the inherent trade-offs between them, focusing especially on the importance of credibility and expectations. Optimal monetary policy design and the monetary transmission mechanism will also be covered.

ECON6053
Selected Topics in Financial Economics
General Information
This is a special course that deals with various topics of financial economics. Topics covered may vary from year to year, depending on the research interests of the instructor.

Game Theory and Applications
General Information
This course covers game theory and its applications to various fields of economics. It studies static games with complete information, dynamic games with complete information, static games with incomplete information, dynamic games with incomplete information, and the equilibrium concepts corresponding to these games. It considers applications of these concepts to the study of industrial organization, international trade, labor economics, public economics, corporate finance, and monetary economics. Applications to auction and bargaining are also considered. Finally, it offers an introduction to mechanism design and its application to the procurement problem.

ECON6035
Political Economy of Economic Policy
General Information
This course studies the relationship between the state and the market economy, especially highlighting the costs and benefits of economic policy interventions. Topics include: the economic value of the rule of law, property rights and institutional change, promoting competition and regulating markets, rules versus discretion in monetary, fiscal and exchange rate policy, and regionalism versus federalism. Selected case materials based on historical and contemporary examples will be used in classroom discussions, including international examples with emphasis on Hong Kong, China and Asia.
ECON6036

ECON6021
Microeconomic Analysis
General Information
This course provides an advanced treatment of standard tools and frameworks in microeconomics that are used in other courses of the programme. Topics include: constrained and unconstrained optimization, consumer theory, uncertainty and information, cost and production, and market structure and equilibrium.
Extra Information
This course is not open to students who have taken or are taking ECON6011.
ECON6022
Macroeconomic Analysis
General Information
This course is an advanced treatment of the theory of the determination of national income and aggregate economic behaviour. Topics include: national income accounting, employment theory, inflation and deflation, monetary and fiscal policy for economic stabilisation, economic growth, and international economic issues. Applications to contemporary economic issues are emphasized.
Extra Information
This course is not open to students who have taken or are taking ECON6012.

ECON6012
Macroeconomic Theory
General Information
This course covers neo-classical macroeconomics, the Keynesian model and its problems, the consumption function and investment and economic fluctuations, supply and demand of money, the counterrevolution in monetary theory, inflation and unemployment and alternative policies for dealing with them, and open economy macroeconomics.

ECON6011
Microeconomic Theory
General Information
This course covers how consumers and producers make choices and how these choices are equilibrated by the market. In the part on choice theory, utility maximisation and profit maximisation problems, together with corresponding dual problems, are considered. Optimal value functions are studied and used to perform comparative static analysis. Restrictions imposed by optimisation on consumer and producer behaviour are discussed. Choices under uncertainty are also investigated. The second part mainly covers the equilibrium in perfectly competitive markets and the two fundamental welfare theorems. It will also discuss the consequences of market failures, including public goods, externalities, and market power. Game theory will also be introduced.