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Programs Department of Economics BSc in Economics & Finance (BSc-ECOF) 理學士(經濟及財務學) BBA in Economics (BBA-ECON) 工商管理學士(經濟學) BSc in Mathematics & Economics (BSc- MAEC) 理學士(數學及經濟) *Co-offer with the Department of Mathematics, School of Science

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Page 1: Programs Department of Economicsundergrad.bm.ust.hk/files/academics/Major Selection PPT... · Macroeconomic Theory I, II (ECON 3123, 3143) X Introduction to Econometrics (ECON 3334)

Programs – Department of Economics

• BSc in Economics & Finance (BSc-ECOF)

理學士(經濟及財務學)

• BBA in Economics (BBA-ECON)

工商管理學士(經濟學)

• BSc in Mathematics & Economics (BSc-

MAEC)

理學士(數學及經濟)

*Co-offer with the Department of Mathematics, School

of Science

Page 2: Programs Department of Economicsundergrad.bm.ust.hk/files/academics/Major Selection PPT... · Macroeconomic Theory I, II (ECON 3123, 3143) X Introduction to Econometrics (ECON 3334)

Subject Area Number of Courses

ECON ECOF MAEC

Business Core Courses, excluding ECON, FINA 12 8 1

Language required courses (LABU) 2 2 2

Economics (Business Core + Required)Economics (4000-Level Electives)Economics Paper / Capstone (for MAEC)

531

731

621

Finance (Business Core and Required)Finance (4000-Level Electives)

1-

22

1-

Mathematics (Core)Mathematics (Depth Electives)

1-

1-2-

6 - 72

Computing 3 3 1

Science Foundation - - 2

University Common Core 12 12 12

Page 3: Programs Department of Economicsundergrad.bm.ust.hk/files/academics/Major Selection PPT... · Macroeconomic Theory I, II (ECON 3123, 3143) X Introduction to Econometrics (ECON 3334)

curriculum

Subject

BUSINESS CORE COURSES ECON ECOF MAEC

Principles of Accounting I (ACCT 2010)

Principles of Accounting II (ACCT 2200) X X

Principles of Microeconomics (ECON 2103/2113)

Financial Management (FINA 2303) FINA 2203

Introduction to Information Systems (ISOM 2010)Coding for Business (ISOM 2020)Introduction to Business Analytics (ISOM 2600)

COMP 1021 / COMP 1022P /COMP 1022Q

Business Statistics (ISOM 2500) MATH 2411

Operations Management (ISOM 2700) X X

Business Case Analyses (LABU 2040)

Effective Communication in Business (LABU 2060)

Business Ethics and the Individual (MGMT 2010) X

Organizational Behavior (MGMT 2110) X X

Business Ethics and Social Responsibility (MGMT 2130) X

Business Student Induction (SBMT 1111)

Marketing Management (MARK 2120) X X

Page 4: Programs Department of Economicsundergrad.bm.ust.hk/files/academics/Major Selection PPT... · Macroeconomic Theory I, II (ECON 3123, 3143) X Introduction to Econometrics (ECON 3334)

Subject

ECONOMICS REQUIRED COURSES ECON ECOF MAEC

Managerial Microeconomics (ECON 3014) X X

Managerial Macroeconomics (ECON 3024) X X

Mathematics for Economists (ECON 2174) or, Multivariable Calculus (MATH 2023)

X MATH 2023

Microeconomic Theory I, II (ECON 3113, 3133) X

Macroeconomic Theory I, II (ECON 3123, 3143) X

Introduction to Econometrics (ECON 3334)

Economics Research and Communication (ECON 4670)or, Capstone Project (MATH 4994) for MAEC only

Page 5: Programs Department of Economicsundergrad.bm.ust.hk/files/academics/Major Selection PPT... · Macroeconomic Theory I, II (ECON 3123, 3143) X Introduction to Econometrics (ECON 3334)

Subject

ECONOMICS ELECTIVE COURSES ECON ECOF MAEC

4000-Level Economics Courses11 Credits

(3 courses)

11 Credits (3 courses)

8 Credits (2 courses)

Finance Elective Courses6 Credits

(2 Courses)

Page 6: Programs Department of Economicsundergrad.bm.ust.hk/files/academics/Major Selection PPT... · Macroeconomic Theory I, II (ECON 3123, 3143) X Introduction to Econometrics (ECON 3334)

6

MAJOR REQUIREMENTS RANKING CRITERIA

ECON

C+ or above in ECON 2103/2113 or ECON 2123 (Note: C- or below in any of ECON2103/2113/2123 will not be considered)

Holistic assessment based on ECON2103/2113, ECON2123 (if taken),

BCGA, selected course performance and CV profile

ECOFCGA 3.0 or above; B- or above in any MATH course; C+ or above in LANG 1002 & 1003

Holistic assessment based on CGA, selected course performance,

CV profile and interview performance

MAEC

CGA 3.0 or above; B- or above in MATH1012/1013/1023;C+ or above in LANG1002 and 1003;Completion of a) MATH1012/1013/1023 and MATH1014/1024; or b) MATH1020

Holistic assessment based on CGA, selected course performance,

CV profile and interview performance

Program Requirement & Ranking Criteria

Page 7: Programs Department of Economicsundergrad.bm.ust.hk/files/academics/Major Selection PPT... · Macroeconomic Theory I, II (ECON 3123, 3143) X Introduction to Econometrics (ECON 3334)

Why Majoring in Economics?

7

Page 8: Programs Department of Economicsundergrad.bm.ust.hk/files/academics/Major Selection PPT... · Macroeconomic Theory I, II (ECON 3123, 3143) X Introduction to Econometrics (ECON 3334)

Why Economics?

• Change in global landscape

Technology - AI and Big data

Globalization - Trade wars

• Ability to deal with changes and

uncertainties

• Ability to see the opportunities and

threats

Page 9: Programs Department of Economicsundergrad.bm.ust.hk/files/academics/Major Selection PPT... · Macroeconomic Theory I, II (ECON 3123, 3143) X Introduction to Econometrics (ECON 3334)

Why Economics?

• Economics is more a set of analytical

tools, a way of thinking than a skill

‒ Provides a “framework” to understand

human behavior and social issues

‒ Help you “sailing” in unknown

Page 10: Programs Department of Economicsundergrad.bm.ust.hk/files/academics/Major Selection PPT... · Macroeconomic Theory I, II (ECON 3123, 3143) X Introduction to Econometrics (ECON 3334)

Adaptable Courses:

• 17 ECON 4000-level electives in 2019/20

• ECON 4959(x): Independent Studies‒ In-depth research proposal/writing samples for

applying further studies

• ECON 4999(x): Special Topics in Economics‒ Follow the trend: Macroeconomic & Financial

Risk Management, The Economics of Entrepreneurship & Innovations, Housing Economics, Urban & Environmental Economics, etc.

• UROP

• UG Best Paper Award

Page 11: Programs Department of Economicsundergrad.bm.ust.hk/files/academics/Major Selection PPT... · Macroeconomic Theory I, II (ECON 3123, 3143) X Introduction to Econometrics (ECON 3334)

ECON 4670 – Economics Research and Communication

ECON 4000-level (w/ research paper)

ECON 4000-level (w/o paper)

ECON 4000-level (Exchange course)

ECON 46700 credit, P/F

ECON 4959B (Independent Study)2-4 credit, Graded, Supervised

Or

Page 12: Programs Department of Economicsundergrad.bm.ust.hk/files/academics/Major Selection PPT... · Macroeconomic Theory I, II (ECON 3123, 3143) X Introduction to Econometrics (ECON 3334)

Further Study

• ECON: Percentage of our UG students pursue

Postgraduate Study 2011 to 2018: ranges from 2.9% to 15.8%

• ECOF: Percentage of our UG students pursue

Postgraduate Study 2011 to 2018: ranges from 17.6% to 32.3%

Plan ahead: (i) Quantitative training; (ii) Reference letters; (iii) GRE, GMAT, TOEFL ; (iv) Choice of school and programs

Page 13: Programs Department of Economicsundergrad.bm.ust.hk/files/academics/Major Selection PPT... · Macroeconomic Theory I, II (ECON 3123, 3143) X Introduction to Econometrics (ECON 3334)

Employment Data of ECON Graduates

2018 2017 2016 2015 2014 2013

Management/Administration

21.2 16.7% 23.5% 27% 19.5% 23.3%

Banking/Finance 42.1 50.0% 38.2% 32.4% 14.6% 33.4%

Marketing/Sales/Merchandising

5.3 8.3% 11.8% 8.1% 12.2% 23.3%

Accounting/Auditing/Taxation

10.5 8.3% 17.6% 10.8% 7.3% 3.3%

System Analysis/Computer Prog.

- 4.2% 5.9% 10.8% 4.9% 6.7%

Economics/Scientific Research

- 0.0% - - 7.3% 0.0%

Others 21.2 12.5% 3.0% 10.9% 34.2% 10.0%

Page 14: Programs Department of Economicsundergrad.bm.ust.hk/files/academics/Major Selection PPT... · Macroeconomic Theory I, II (ECON 3123, 3143) X Introduction to Econometrics (ECON 3334)

Employment Data of ECOF Graduates

(in %) 2018 2017 2016 2015 2014 2013

Banking/Finance 56.3 68.2 60 51.3 45.9 45.8

Accounting/Auditing/Taxation 16 - 17.6 17.9 13.5 12.5

Administration/Management 4 22.7 23.5 15.4 5.4 12.5

Economic, Statistics and Math work 4 4.5 3.3 2.6 8.1 -

Teaching/Lecturing - - - - - -

Marketing/Sales 4 4.5 - 2.6 8.1 4.2

Merchandising/ Purchasing - - - - - 4.2

Author/Journalist - - - - - 4.2

Insurance, Real Estate Services - - 3.3 2.6 2.7 8.3

System Analysis & Comp Programming 4 - 3.3 - 2.7 12.5

Scientific / Research Work 4 - 2.3 2.6 - 8.3

Page 15: Programs Department of Economicsundergrad.bm.ust.hk/files/academics/Major Selection PPT... · Macroeconomic Theory I, II (ECON 3123, 3143) X Introduction to Econometrics (ECON 3334)

Plan Ahead Your Career

Further Studies EconomistConsulting

& Data Analysis

PhD. Comics:

The Last 3 Years of your PhD.

Paul Romer,

Chief Economist,

World Bank

YouTube View by

Candidate (25/8-24/9),

with ‘Swing States’

viewing mostly Trump

Page 16: Programs Department of Economicsundergrad.bm.ust.hk/files/academics/Major Selection PPT... · Macroeconomic Theory I, II (ECON 3123, 3143) X Introduction to Econometrics (ECON 3334)

CSE COMP courses

(minor in IT/Big Data Technology) Econometrics

ECON 4374

International Macroeconomics and Finance

(Fall)

ECON 4334

Money and Banking

(Fall & Spring)

ECON 4999I

Financial Macroeconomics

(Spring)

ECON 4364

International Trade and Investment

(Spring)

Economists

Suggested Study Pathways

Page 17: Programs Department of Economicsundergrad.bm.ust.hk/files/academics/Major Selection PPT... · Macroeconomic Theory I, II (ECON 3123, 3143) X Introduction to Econometrics (ECON 3334)

Consulting/Data Analysis

• Econometrics for Cross-Section and Panel Data

ECON 4284 (Fall)

• Time Series Econometrics and Business Forecasting

ECON 4304 (Spring)

• Industrial Organization and Competitive Strategy

ECON 4114 (Spring)

• Law and Economics

ECON 4254 (Spring)*

• Labor Economics and Human Resources

ECON 4234 (Fall)

• Programming Econometrics with R

ECON 4274 (Spring)

Suggested Study Pathways

Page 18: Programs Department of Economicsundergrad.bm.ust.hk/files/academics/Major Selection PPT... · Macroeconomic Theory I, II (ECON 3123, 3143) X Introduction to Econometrics (ECON 3334)

Further Studies (MSc., MPhil., PhD.)

Advance Level Economics

• Micro, Macro, Econometrics

• MSc courses (5130, 5140, 5280)

Independent Study

• UROP (Undergraduate Research Opportunities Program)

Mathematics (1014-track)

• MATH 2033, 3033 (Real Analysis)

• MATH 2421 (Probability)

MATH 1014 (Calculus II)

MATH 2023 (Multivariable Calculus)

MATH 2033 (Math Analysis)

MATH 3033 (Real Analysis)

MATH 2421 (Probability)

Suggested Study Pathways

Page 19: Programs Department of Economicsundergrad.bm.ust.hk/files/academics/Major Selection PPT... · Macroeconomic Theory I, II (ECON 3123, 3143) X Introduction to Econometrics (ECON 3334)

• Beyond Academic

Regular “Get Together” activities provide opportunities

for socializing and networking

Career talks, alumni sharing, mentoring program -

Alumni-Student Network

Technical seminar

Research Assistant priority in Faculty, UROP

Advise on PG application

Department Support

Page 20: Programs Department of Economicsundergrad.bm.ust.hk/files/academics/Major Selection PPT... · Macroeconomic Theory I, II (ECON 3123, 3143) X Introduction to Econometrics (ECON 3334)

• Albert PARK (Head, Economics)

[email protected]

• SIU, Kam Wing (UG Coordinator)

LSK 6054; 23587617; [email protected]

• Hiram CHAU

LSK 6067; 23587629; [email protected]

• Leonna TONG

LSK 6067; 23587623; [email protected]

• Department Website: http://www.bm.ust.hk/econ/

• Facebook: @HKUSTECON

We want to hear from YOU!!!