Competition, Regulation and Business Strategy Course of MEcon at University of Hong Kong
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.