ELECTIVE COURSES

The objective of this course is to introduce the principles of the modern microeconomic theory in order to equip students with the standard methods and analytical tools of economic analysis. The topics include interaction of demand and supply, market equilibrium, choice under certainty and uncertainty, firm theory, monopoly and its pricing strategies, equilibrium in perfect and imperfect markets, fundamentals of game theory, and economics of information. The topics will be introduced by using an analytical approach with rigorous modeling and emphasis on problem solving.
The objective of this course is to introduce the principles of the modern microeconomic theory in order to equip students with the standard methods and analytical tools of economic analysis. The topics include interaction of demand and supply, market equilibrium, choice under certainty and uncertainty, firm theory, monopoly and its pricing strategies, equilibrium in perfect and imperfect markets, fundamentals of game theory, and economics of information. The topics will be introduced by using an analytical approach with rigorous modeling and emphasis on problem solving.
The course is designed to introduce the students the knowledge of the wealth management, modern portfolio theory and portfolio management strategies. The students are also introduced to behavioral finance concepts and investor irrationality issues. Applications in the global asset allocation and asset management industry will also be covered. Quantitative models will be taught by Excel software.
This course explores both marketing theory and practice. The lecture sessions introduce you to established concepts, techniques, and frameworks to approach marketing problems. The case study sessions—which cover a range of products from fashion accessories, entertainment robots, Internet advertising, to airline services—illustrates how these marketing concepts, techniques, and frameworks can be applied in real world situations
lorem
This course provides the quantitative skills and expertise required to carry out advance multiple linear regression analysis, forecasting and applied economics analysis. Students acquire the skills to take responsibility for designing and implementing applied econometric projects and the ability to communicate the results to wider audiences. Topics to be studied include specification, estimation, and inference in the context of models that include then extend beyond the standard linear multiple regression frameworks in time series. Course contents are respectively review of single and multiple linear regression, Estimation of parameters in Matrix Algebra, Discrete Choice Models, Time Series Analysis, Unit root test (structural change testing), stationarity, Cointegration, and VAR Model analysis.
Equity valuation and portfolio management, business dynamics and equity valuation processes, free cash flow present value models, dividend discount based present value models, dividend growth models, market based equity valuation using the share price, enterprise value and dividend yield multiples, asset based equity valuation, residual income valuation models, adjustments to book values, international considerations on equity valuation, general perspective of econometric models for equity valuation.
This course is designed to develop an understanding of basic concepts and principles of accounting based on International Financial Reporting Standards. Emphasis is on providing a foundation to critically analyze, interpret and use accounting data in various decision situations. Subjects covered include recording business transactions and year-end adjustments; preparation of trial balance, balance sheet and income statement; opening and closing the accounts; analysis of major accounts; analysis and intepretation of financial statements.
lorem
This course examines the functions of different types of financial markets and institutions and the importance of financial intermediation in a modern economy. The objective of this course is to help students understand how a well-functioning financial system promotes economic efficiency and the impact of social, regulatory and political factors on financial markets and institutions.
This course examines the functions of different types of financial markets and institutions and the importance of financial intermediation in a modern economy. The objective of this course is to help students understand how a well-functioning financial system promotes economic efficiency and the impact of social, regulatory and political factors on financial markets and institutions.
This course introduces the students to the profound transformations that have taken place in the world economy, especially in the realm of finance. Financial markets and transactions have been growing continuously in size and importance while finance in general has acquired an increasingly prominent position. The course will bring together a comprehensive analysis of financialization of the world economy that encompasses the historical, theoretical, and empirical sides of the issues and explore the origins and consequences of the dramatic rise of financial markets in the world and focus on the impacts of financialization on the capital accumulation process.
The objective of the course is to introduce the fundamental concepts of international economics in conjunction with development economics. Theoretical background of various trade theories is examined and methods used in international economics are reviewed. The correlation between trade and growth as well as changing nature of global production chains are of specific interest. At the end of the course, the students should be able to analyze trade and trade policies. Discussion topics include Ricardian model, Heckscher-Ohlin-Samuelson model, new trade theory, factor movements, trade policies, the relation between trade and growth, global supply chains, and trade and industrialization.
This course is designed to help students understand the nature, the determinants and the economic impact of international capital mobility. After developing the main theories of international finance and explaining the factors that affect international flow of capital we will learn how the financial interactions of national economies influence the worldwide pattern of macroeconomic activity. We will also analyze the role of financial institutions in allocating resources, managing risk, and exerting corporate governance over firms. Special attention will be given to the role of central banks and monetary policy. An international perspective will be provided on the emergence, operation, impact, and regulation of financial institutions. An international perspective is stressed because examples from countries with different legal, political, and regulatory regimes provide a richer understanding of the role of financial institutions on economic growth and stability. At the end of the semester, students will be able to understand the relation between the world saving and the growth of world stock of productive capital and the role of trade imbalances on the redistribution of wealth among countries and the interdependence of national macroeconomic policies, and the international factors affecting stability in exchange rates, interest rates and inflation rates.
This course will present an overview of the unique aspects of marketing in the international business environment and provide the framework upon which multinational marketing management can be based. Focus will be on the decision making process in the areas of foreign market analysis, target identification, product planning, promotion and channels of distribution.
lorem
lorem
The objective of the course is to introduce the fundamental concepts of development economics with applications on East Asian economies. A secondary objective of this course is the analysis of high growth in the East Asian region and its social and political economic determinants. The discussion topics include but are not confined to the social and institutional factors that facilitated rapid development of East Asian economies, the role of East Asia in globalization, the factors behind the rise of China, the Japanese economy, Asian financial crisis (1997-98), and regionalization in East Asia. At the end of the course, the students should be able to analyze the position of East Asia in the global economy and global politics from the perspective of political economy.
lorem
This course studies government activities and the alternative means of financing government expenditures with a special emphasis on market failures, welfare economics and impact of government activities on the incentive to spend, invest and work. Upon successful completion of the course, the student is expected to be able to demonstrate cases with efficient and inefficient allocation of resources for exchange and production economies, demonstrate the fundamental theorems of Welfare Economics, identify and develop remedies for market failures using basic tools of microeconomics, analyze the impact of government’s spending, taxation and subsidization on personal behavior, analyze the impact of alternative ways of deficit finance on social welfare. Upon successful completion of the course, the students will be able to analyze alternative schemes of indirect taxation, analyze alternative schemes of income taxation, demonstrate and tailor the optimal tax problem, analyze main dimensions of public goods and demonstrate cases related to local public goods and community formation
The objective of this course is to teach how to conduct and critique empirical studies in economics, finance and business by introducing to the theory and application of basic statistical tools and concepts as well as econometric methods. The course will provide an intuitive understanding and practical application of the basic tools statistics and econometrics, as distinct from their formal theoretical development. The mathematics of the methods will be introduced only as needed and will not be a central focus. Students will use computer software (Stata) to apply the techniques to economic data. The following topics will be covered: Descriptive Statistics (collecting, presenting and characterizing economic, political and business related data), Basics of Probability Theory (tools needed for statistical inference), Sampling Theory (how to make estimations about a population based on a sample chosen from that population), Linear Regression Model (the least squares methods of estimation, regression with panel data, discrete random variables, time series data and instrumental variables regression).
lorem
Measurement of risk, expected utility, fundamental theorems for decision making under uncertainty, decision criteria and risk measures, risk preferences and stochastic dominance, risk factors and loss distributions, production decisions under risk, investment and portfolio selection decisions under risk, contract and policy design under risk, valuation and pricing of default and claim contingencies in complete and incomplete markets, financial risk management and financial derivatives, actuarial risks and insurance analytics.
This course will cover applied aspects of financial economics with a special focus on derivative instruments. Derivatives have become widely used risk management and investment tools over the last decades. The course develops an understanding of the derivative-related financial instruments (forwards, futures, options and swaps), and their applications in the risk management and investment. Participants will learn to value derivative contracts, set up hedge positions to manage risks, design arbitrage positions based on mispricing and structure firm cash flows in an optimal fashion by using derivatives.
Managers frequently face situations that involve crucial strategic decisions that have a strong impact on the long-term success of their organizations. The aim of this course is to teach the fundamentals of how to formulate, implement and evaluate strategies in organizations. It will require integrating and applying prior knowledge from other classes while learning and applying new strategic management concepts, principles, frameworks and methodologies. Students will also participate in a business simulation that will involve applying their related knowledge and improving their strategic acumen. At the end of the course the students will be able to analyze external environment of an organization as well as its resources and capabilities, identify strategic problems and stakeholders of an organization, assess an organization’s current strategy, and design strategic solutions.
lorem