2003-2004

ECO5010
icroeconomic Theory
1st term
This course provides an exposition of advanced microeconomic theory. The first half of the course covers the classical theories of consumer and producer behavior. Topics include preference and utility representation, existence and properties of demands, expenditure functions, indirect utility, welfare evaluation, revealed preference, production sets, profit maximization, cost minimization, and duality. The second half of the course consists of introductions to a number of topics in market theory, game theory, general equilibrium theory, and the economics of uncertainty and information. These topics include perfect competition, oligopoly, monopoly, static and dynamic games of complete information, externalities, the fundamental theorems of welfare economics, existence of competitive equilibrium, expected utility, risk aversion, and principal-agent problem.

ECO5010 Lecturer : Prof. Kwong Kai Sun Course Outline

ECO5020
acroeconomics
1st term
This course emphasizes the application of recent theoretical analysis on macroeconomic fluctuations and growth. It is an advanced course on contemporary macroeconomic theories with the aim to bring students to the frontier of current research.

ECO5020    Lecturer : Prof Meng Qinglai Course Outline

ECO5100
eview of Quantitative Methods
1st term
This course reviews basic mathematical tools that are indispensable to economic and econometric theories. Topics include matrix algebra, differential calculus, static optimization, integral calculus, differential equation, phase diagram, difference equation, matrix differentiation, dynamic optimization, Euclidean metric topology, and probability and statistics. The focus of the entire course is on actual problem solving. In addition, the course provides a wide variety of examples of the use of these mathematical tools in economics.

ECO5100    Lecturer : Prof. Meng Qinglai Course Outline

ECO5120
conometric Theory and Applications 
1st term
Econometrics applies statistical theories to economics. This course is an introductory course in econometric theory at the graduate level. It covers large sample theory, estimation methods, and hypotheses testing, with applications to microeconomics, macroeconomics and labour economics. The GAUSS computer program which provides Monte Carlo simulations will be introduced.

ECO5120 Lecturer : Prof. Chong Tai Leung Course Outline

ECO5130
pplied Time Series Analysis
2nd term
This is an econometrics course in time series methods. Topics covered include: stationary ARMA processes, dynamic modeling, univariate with unit roots, cointegration and time series models of heteroskedasticity. Empirical analyses and applications of time series methods to real world data will also be provided.

ECO5130 Lecturer : Prof. Chou Win Lin

ECO5410
onetary Economics
2nd term
This course is a graduate-level survey of monetary and financial economics with an emphasis on macroeconomic elements. The major focus will be on models and theories of money and financial intermediation but relevant empirical literature will be incorporated as well. Among the topics that will be covered include standard methods of introducing money into the neoclassical growth framework, overlapping generations models, and search-theoretical foundations for money.

ECO5410 Lecturer : Prof. Zeng Zhixiong

ECO5420
inancial Economics
2nd term
The aim of this course is to provide students with a foundation to pursue further research in the theory of financial economics. As prerequisites, this course requires a sound understanding of microeconomic theory and an understanding and appreciation of finance problems. It is presumed that students are already familiar with the material at the level of Copeland and Weston(1988). It should be emphasized that research in finance requires a rigorous training in both microeconomic theory and econometrics.

ECO5420 Lecturer : Prof. Du Julan 

ECO5440
nternational Trade
1st term
This course offers theoretical, empirical and current topics in international trade. Attention is given on applications of basic trade theory to real-world economic problems. The major topics include: neoclassical trade theory of pattern of trade and gains from trade, strategic trade theory under imperfectly competitive markets, labour migration and capital mobility, market distortions and commercial policies, dynamic trade theory and economic growth, regionalism and economic integration, international debts and economic crises, etc.

ECO5440 Lecturer : Prof. Chao Chi Chur Course Outline

ECO5450
nternational Finance
2nd term
This course emphasizes the application of recent theoretical analysis on macroeconomic fluctuations and growth within an open economy context. It is an advanced course on contemporary international macroeconomics with the aim to bring students to the frontier of current research. Topics include infinite-horizon models, overlapping generations models, neoclassical growth models, and sticky price models.

ECO5450 Lecturer : Prof. Yip Chong-kee

ECO5460
evelopment Economics
2nd term
The course provides a survey of some of the most active areas of research on economic development and transition. We will address a subset of the most pressing issues facing developing and transition economies and to teach both the theoretical and empirical tools that will aid in understanding and describing these complex ideas. I will also teach how to use STATA to conduct empirical analysis.

ECO5460 Lecturer : Prof. Li Hongbin