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Department of EconomicsSchool of Business and Management
The Hong Kong University of Science & Technology
BBA in Economics
(BBA-ECON)
BSc in Mathematics & Economics(BSc-MAEC)
BSc in Economics &
Finance(BSc-ECOF)
Co-offered with Department of Math,
School of Science
IndividualDecision Making
OrganizationalDecision Making
Public Policy Making
Economic Decision Problems
InteractiveDecision Making
Markets Analysis
Consumer Behavior
Production Technology Investment
International Trade Foreign Exchange
Economic GrowthEconomicDevelopment
Marriage Voting
Economic Crisis Housing Market Bubble Money and Banking
IncomeInequality
Market Design
GroupDecision Making
Empirical / Data-driven Analysis
Microeconomics Econometrics Macroeconomics
Theoretical / Model-based Analysis
ANALYTICALMINDSET
BALANCEDMACRO & MACRO
VIEW
DATA & STATISTICAL ANALYSIS
QUANTITATIVESKILLS
Novel and Challenging Problems
• Any science accumulates fundamental and extendable knowledge.
• Economic Theory is based on the deductive reasoning, which is a main
reasoning principle of all other sciences.
• Empirical-side of Economics is developed to test hypotheses raised by
economic theory.
• The theoretical reasoning method and empirical tools developed to deal with
data are COMMON in any social science and business subjects.
• We are delivering fundamental and extendable knowledge. This is
cutting-edge knowledge in social sciences.
EconomicsTraining
Real-world issues, world economy, financial market, economic recession, asset market bubble, consumer behavior, firm decisions,
marketing strategy, political choices, epidemics, public
health policy
• Most of the major-required courses will focus on delivering the fundamental and
extendable knowledge in theory and in empirical method.
• May not spend enough time to demonstrate how economic theory and empirical
methods can be used to explain a particular real-world phenomenon.
• This is in contrast to many other courses you are going to take outside the department.
They may focus on a few real-world cases and discussions are tightly connected to
them, so you can easily “feel” they are useful.
• Yes, they are. But it does not mean that the economic training we provide is not useful.
Curriculum
Year 1 Year 2 Year 3 Year 4BSc ECOFBBA ECON
University Common Core
Business Core
Major Required
Additional major/minor/free electives
36 credits36 credits
33-34 credits45-46 credits
40-41 credits23-24 credits
Minimum requirementof 120 credits
Minimum requirementof 120 credits
Subject Area Number of Courses
ECON ECOF
Business Core Courses, excluding ECON, FINA 12 8
Language required courses (LABU) 2 2
Economics (Business Core + Required)Economics (4000-Level Electives)
53
73
Finance (Business Core and Required)Finance (4000-Level Electives)
1-
22
Mathematics (Core) 1 1-2
Computing 3 3
University Common Core 12 12
curriculum
BUSINESS CORE COURSES ECON ECOF
Principles of Accounting I (ACCT 2010) ✓ ✓
Principles of Accounting II (ACCT 2200) ✓ X
Principles of Microeconomics (ECON 2103/2113) ✓ ✓
Financial Management (FINA 2303) ✓ ✓
Introduction to Information Systems (ISOM 2010)Coding for Business (ISOM 2020)Introduction to Business Analytics (ISOM 2600)
✓ ✓
Business Statistics (ISOM 2500) ✓ ✓
Operations Management (ISOM 2700) ✓ X
Business Case Analyses (LABU 2040) ✓ ✓
Effective Communication in Business (LABU 2060) ✓ ✓
Business Ethics and the Individual (MGMT 2010) ✓ ✓
Organizational Behavior (MGMT 2110) ✓ X
Business Ethics and Social Responsibility (MGMT 2130) ✓ ✓
Business Student Induction (SBMT 1111) ✓ ✓
Marketing Management (MARK 2120) ✓ X
ECONOMICS REQUIRED COURSES ECON ECOF
Managerial Microeconomics (ECON 3014) ✓ X
Managerial Macroeconomics (ECON 3024) ✓ X
Mathematics for Economists (ECON 2174) or, Multivariable Calculus (MATH 2023)
X ✓
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) ✓ ✓
ECONOMICS ELECTIVE COURSES ECON ECOF
4000-Level Economics Courses 11 Credits (3 courses) 11 Credits (3 courses)
Finance Elective Courses 6 Credits (2 Courses)
Economics Elective Courses
Economics Elective courses
• NINETEEN Courses of 4000-level electives will be offered in 2020FALL / 2021SPRING
• ECON 4999(x): Special Topics in Economics
➢ Technical & Applicable in Career: Housing Economics, Economics of Fintech,
Entrepreneurship & Innovation, Macroeconomic and Financial Risk Management
• ECON 4959(x): Independent Studies
➢ In-depth research proposal/writing samples for applying further studies
• UROP (Undergraduate Research Opportunities)
• UG Best Paper Award
Economics Elective courses
• You can take more elective courses if you would like to learn the
”practical-side” of economics.
• About 30%-40% of the elective courses have project / term-paper
requirements.
• The curriculum allows you to take six or more elective courses, if you are
interested in fully understanding the practical-side of economics.
Other Useful Information
Exchange and Credit Transfer
• Some (but not every) courses are offered in every semester
✓ECON 3014, 3024, 3334 / ECOF 3123, 3143, 3334
ECON 3113 (Fall, 2nd year only) – Still tentative, To be updated.
• Take all the required courses in UST
• Get approval before exchange out
• Provide course syllabi through ARO’s credit transfer system
19
3000-Level Economic Courses
• “Core training” for Econ Major Students
✓Foundation courses preparing you for 4000 level Economics electives
• Courses that are offered in every semester
✓ECON 3014, 3024; 3123, 3133, 3143; 3334 are offered every semester; not
ECON 3113 (Spring, 2nd year)
• Credit Transfer (Exchange) for require courses are very restrict
20
ECON 2123 vs. ECON 3123
• ECON 2123: SBM’s school core Macroeconomics
• ECON 3123: ECOF’s major required course
✓ECON 2123 excludes ECON 3123
• Qualified students who seriously consider entering the ECOF
program, please consider not taking ECOF2123 in your first year
Spring.
21
How To fulfil 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) 1-4 credits, Graded, SupervisedOr
Pursuing a UROP Project, Supervised
Guidelines for Study Leave (School Policy)
• No more than 2 semesters (i.e. 1 Year)
• Usually for job placement or intern
• Applications without sound reason and supporting document
will not be approved
• Submission of leave application: at least one week before the
commencement of the coming semester
23
Credit Overload
Except for the Year 1 Fall term, you can take up to 18 credits in a
regular semester
• Overload by 1 due to course credit : OK
• Overload to 20 credit: CGA 3.3 or above and subject to approval
• Overload over 20 credit: CGA 3.5 or above, approval upon
special needs only
24
Additional major and minor declaration
• within school (ECOF and BBA) and across schools (SCIE, ENGG)
• Pay attention to the program requirement and application timeline.
• Apply with a study plan in excel form, showing courses you need to
take in the coming semesters to fulfil both program requirements.
25
Job Placements
Administration / Management
29%
System Analysis / Computer
Programming12%
Banking and
Finance32%
Accunting / Audting / Taxation
12%
Marketing / Sales3%
Service Work6%
Insurnace / Real Estates
3%
Author / Journalist
3%
BBA ECON
Administration
/ Management
15%
System Analysis / Computer
Programming4%
Banking and
Finance54%
Accunting / Audting / Taxation
15%
Economics, Statistical &
Mathematical Work12%
BSC ECOF
Graduate Placement
Source: 2019 Graduate Employment Survey, HKUST Career Center http://career.ust.hk
http://career.ust.hk/
Employer List
Banking and Finance
Consulting/Analysis
Employer List
Further Graduate Studies
Year From To Program
2013 ECOF Chicago Booth Econ PhD
2014 ECOF Stanford Econ PhD
2014 MAEC Columbia Econ PhD
2016 ECOF Northwestern Econ PhD
2016 ECOF Chicago Booth Marketing PhD
2017 ECOF Harvard Econ PhD
2019 MAEC Cambridge Marketing PhD
2019 MAEC Penn State Econ PhD
2020 ECOF Duke Econ MA
Percentage of our UG students pursue Postgraduate Study 2011 to 2020: rangesfrom 2.9% to 15.8% in the past years
✓Plan ahead: (i) Quantitative training; (ii) Reference letters; (iii) GRE, TOEFL ; (iv) Choice of school and programs
The First Challenge
• The standard of learning and studying are now very different.
• You need to take 5-6 courses in each semester. Some topics are more
challenging and demanding. Speed of delivery is fast.
• Do not limit yourself to PPT and practice questions.
• Instead, do read textbook, books, newspapers, magazines, etc.
• Pay attention to what’s happening in the real world
• Build up your own understanding of the world is most important
32
• Without the sense of “a class”, you meet different people in
different classes
• In fact, this allows you to meet more people and make more
friends potentially
• Be active and simile:
Hi! I am Wooyoung from ECON!
33
Difficult to make some friends?
• If some says this to you, that means either his/her CGA is very
low or he/she has an hidden intension.
• It affects your major selection, internship, exchange, job, etc.
• However, CGA is NOT everything either!
• Many good CGA students fail to get a good/path
• Character, work with others, communication, leadership, etc.
34
Is CGA not important?
• You are free! Unfortunately, it also means a potential risk!
• Self-disciplinary and multi-tasking mindset
• Suggestion: Excel sheet and record what have you done for
every 30-min time slot
• If you find yourself unable to write down what you have done,
it means you need to improve your time management skill.
35
Time Management
• I believe the most important thing in university education is to
fully understand “who you are.”
• What do you like, are you good at, life-style do you want?
• More importantly, what is your DREAM?
• You have to do it by yourself; No one else can help if you
cannot help yourself.
36
Your goal is to figure out WHO YOU ARE
Strong and Comprehensive Career Support
Nearly 90%With
InternshipExperience
Alumni Sharing
&Networking
Career Fair&
Job Portal
Junior Research Fellowship,
Independent Research Projects,
Undergraduate Research
Opportunities
Industry Talks&
Career Advising
Call For Your Participation: HKEPC
Hong Kong Economic Policy Challenge: Housing
In Association with:
Call For Your Participation: HKEPC
Call For Your Participation: HKEPC - Housing
• Official Website: https://www.hkepc.ust.hk/
• Timeline
–07 Sep. 2020 – 27 Jan. 2021: Submit Applications and Policy Proposal
–30 January, 2021: Finalist (6 teams) Selection
–06 February, 2021: Grand Finale
• Sponsorship: E&Y, Bloomberg
• Prize: Cash Prize (HKD 30,000), Internship, Research Opportunity
https://www.hkepc.ust.hk/
About Econers
• A students’ committee under the Department of
Economics
– Serving students majoring in ECON, ECOF & MAEC
• Goals of Econers
– Promote academic, career and re-creational activities to students
of Economics.
– Create bonding between Economics Students.
– Enhance the comprehensive competitiveness of Economic
students.
• Past events includes:
– Issuing Economic News Letters, Semester Gatherings, Leisure
Activities (e.g. BBQ with Professors)
http://www.bm.ust.hk/econ @hkustecon
We would like to hear from YOU!