MBA Online

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.

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.

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.

MFIN7016
Real Options and Dynamic Corporate Finance
6
Wong, Keith K.P.
General Information
This course provides a synthesis of modern corporate finance and real option analysis (ROA). ROA explicitly takes into account the flexibility of managerial decisions at the future date in response to the arrival of new information. Using the framework of ROA, this course examines the dynamic aspects of various corporate financial decisions. Topics include capital budgeting, capital structure, managerial compensation, risk management, mergers and acquisitions, and bankruptcy and reorganization. Basic mathematical tools of game theory, stochastic calculus, dynamic programming, and contingent claims analysis are introduced and extensively used. This course also puts special emphasis on the prevalence of agency conflicts and information asymmetries.

MFIN7010
Mergers & Acquisitions
Liu, Qiao
General Information
This course is structured based on some of the most commonly discussed and applied issues in mergers and aquisitions. It intends to offer the students an opportunity to study the M&A process, understand different ways of valuing a target, explore how different valuation implications affect potential deal structures, and find the driving forces behind the winning M&A strategies. Meanwile, it covers various aspects of the academic research on M&A.
Topics covered include, but not limited to, overview of M&A, M&A winning strategies, M&A process, valuation, synergies, M&A mechanics and implications, M&A theory and empirical evidence, corporate governance, ownership restructuing and etc. Case examples from varous industries and countries will be prominently discussed.
Extra Information
Equivalent to MFIN6004 Managerial Finance

Managerial Negotiations
When managing human resources in an organisation, many outcomes and decisions are determined by the process of negotiation. This course uses actual negotiating experiences to enhance your skills as a negotiator. Concepts developed in the behavioural sciences, economics and game theory are used as guides to improve your negotiating.

Managerial Economics
This half course focuses on the problem of business decisions through the extensive use of cases. You look at basic supply-demand theory and marginal analysis, the structure of decision problems, the impact of the market setting (i.e. competitive, oligopolistic or monopolistic structures) and strategic interactions among firms using game theory.

ECON2113 Microeconomic analysis

Semester : 2
For Student of Year : 2

Examine microeconomic issues with applications. Topics include: consumer behaviour, cost structure, market structure, theory of the firm, factor market and general equilibrium.

Extra Information

Remarks: Open only to non-B.Econ, non-B.Fin and non-B.Econ&Fin students
Mutually exclusive course: ECON2101 Microeconomic theory

ECON0106 Games and decision

Semester : 1
For Student of Year : 2 & 3

This course offers an introduction to game theory. It covers core concepts in game theory and its applications. The core concepts include sequential games, game tree, subgame-perfect equilibrium, simultaneous games, game table, Nash equilibrium in pure strategies, mixed-strategy Nash equilibrium, and expected utility. These concepts are used to provide analyses of the role of reputation, and penalties and rewards in sustaining cooperation; the importance of credibility in commitments, threats and promises; the problems, and solutions, of public goods and externalities; behavior under asymmetric information: moral hazard, adverse selection, signaling, and screening; and interaction between individuals when the assumption of perfect rationality is relaxed.

Project Evaluation (EKU 2146)

Description

The course applies economic theory in evaluating the impact of investment on social welfare. It studies the economic and financial aspects of a project.

Topics

Objectives and the organization of investment appraisal, financial analysis for cash flow statement, applications of various investment criterion, NPV, IRR, Pay Back Period, and Cost-Benefit Ratio.

Objectives

Introduce students the impacts of a project toward social welfare, applying economic technical analysis in providing project appraisal information, and studying various cases of development projects.