MBA Online

ECON6034
Competition, Regulation and Business Strategy
General Information
Most governments in developed and developing economies attempt to maintain competition environment in the market place or to use regulatory measures to achieve economic efficiency. This course studies the economics of competition and regulations, through the application of competition law on business, the regulation of natural monopolies, the practices of competition law and regulatory institutions. The topics covered help to understand why some business practices affect the competition; how governments regulate the market safeguarding the competition and efficiency; and how business strategies should be formulated in the regulated environment.
ECON6037
Economic Forecasting
General Information
This course introduces basic techniques of forecasting, based on economic and structural time series models. ARIMA and regression models with trend, season, and cycle components will be considered. The hands-on experience in applying the techniques to real-world problems is emphasized. Topics include: basics of linear regression, modeling and forecasting trend and seasonality, basics of ARIMA models, forecasting cycles, forecasting with regression models, evaluating and combining forecasts, unit roots, stochastic trends, ARIMA models, and volatility models.

The Chinese Economy
General Information
This course reviews the economic transformation of the People’s Republic of China and its implications. China’s experiences are subjected to theoretical and empirical analysis by using modern economic methods. The course covers structural and institutional changes as well as current debates on reform and policy. Topics include: history, geography, population, rural reform, industrialisation, urbanisation, enterprise reform, foreign trade and investment, financial system, and regional development.

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

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.

ECON6007
Industrial Organization
General Information
This course covers alternative forms of economic organizations, including the contractual nature of the firm, the meaning of monopoly and patent rights, the extraction of consumer surplus, and the purpose of integration and franchise arrangements. Government regulations will be discussed whenever appropriate.

MFIN7011
Credit Risk
8
Tang, Dragon
General Information
A comprehensive analysis of credit risk measurement and credit derivatives. Topics include credit events, expected default frequency, expected exposure, loss given default, default correlation, KMV, Credit Metrics, credit ratings performance and migration, total return swaps, credit default swaps, basket default swaps, credit spread forwards and options, exotic credit derivatives, credit-linked notes, and collateralized debt obligations.
Extra Information
equivalent to MFIN6016 Seminar in Credit Risk Management
Prerequisites:
1. Spreadsheet Modelling in Finance;
2. Derivative Securities; and
3. Fixed Income Securities & Interest Rating Modelling

MFIN7009
Financial Engineering
7
Zhang, Jin
General Information
Financial engineering is the design, development, and implementation of innovative financial products and of financial processes in the major market segments of currency, interest rates, equities, and commodities, for trading, investment, hedging, and risk management, using methods developed in finance, economics, mathematics, physics, and computational science. Potential topics include, but are not limited to, credit risk derivatives, insurance derivatives, exotic derivatives, volatility calibration, implementation of trading systems using Reuters, and advanced term structural models.
Extra Information
Prerequisite:

Mathematical Techniques of Finance I