Finance:Curriculum - EMA at Fudan
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Finance:Curriculum

The 34-credit MA program in Finance is composed of the following courses, plus the MA thesis:

Fall Semester

 

COMPULSORY

COURSES

CONTENTS

Microeconomics
Xi Xican, Assistant Professor

PhD, Arizona   State University
Credits: 3
Credit Hours: 54

Economics is   the study of how society deals with the problem of allocation of scarce   resources across competing uses. Every economic system must answer a few   central questions, e.g. what goods to produce, how much of each good to produce,   how to produce them, who gets the goods, etc.

Econometrics

Li Huailu, Assistant Professor

PhD, Boston University

Credits: 3

Credit Hours: 54

This course is an advanced study   of the theory and application of econometrics to economic problems. The key   objective of the course is to provide students tools to tackle the problems   arises from economic analysis. The main topics that I will be covering   include qualitative response model, maximum likelihood estimation,   instrumental variable analysis, casual inference, panel data analysis, data   collection and survey design, and measurement errors. Students will be   learning statistical software Stata along the way and required to complete a   set of homework using Stata.

Chinese   Economy
  Li Dan, Associate Professor

PhD, Boston   University
  Credit: 3
  Credit Hours: 54

This course   is a special course on Chinese economy. The course is designed to let   students understand the great changes in China in the past thirty years   through its economic reforms and opening to the outside world, and China’s   fast economic development.
  The course is divided into three parts. Part one provides a general introduction   to Chinese economy from historical perspectives. Part two deals with the   process of China’s economic reforms and opening process. The last part turns   to issues in China’s economic development in the past thirty years.

Doing   Business in China
He Xiyou, Associate Professor

PhD, Seoul   National University
Credits: 3
Credit Hours: 54

Fast   economic expansion, coupled with a rapid market transformation and a series   of government reforms, China has become an increasingly attractive   destination to do business. This course is designed to introduce some basic   knowledge of Chinese culture, economy, legal system, market entry strategy   which are essential to building a successful business in China.

 

OPTIONAL

COURSES

CONTENTS

Social   Security System and Its Reform in China
Ding Chun, Professor

PhD, Fudan   University
Credits: 2
Credit Hours: 36

Through   "China's social security system and its reform" course open for   foreign Master students, they can have an understanding of the basic concepts   of the social security system, relevant theories and the bud, the formation,   the question of reform and the trends of the social security system in the   world. On this basis, the establishment, development, reform and   reconstruction of Chinese urban and rural social security system are   introduced since the founding of New China.

International   Finance
Fan Xiaoyan, Assistant Professor

PhD, Fudan   University
Credits: 3
Credit Hours: 54

This course   focus on the theory and practice of international finance, introducing the   concepts and theories of exchange rates and balance of payments, followed by   macroeconomic policies in an open economy.

We are going   to cover the most important issues of international economy in the last 20   years. Why China could export so much and accumulate huge foreign reserves?   Why the global economy was are seriously unbalanced before the 2008 crisis,   with China and Germany in one side, while America and the southern European   countries on the other side? Was the Euro turmoil just the aftershock of the   American crisis, or a doomed disaster of the defective Euro system? And as to   the future, what is the reform direction of the international

Chinese   Foreign Trade
Cheng Dazhong, Professor

PhD, Fudan   University
Credits: 2
Credit Hours: 36

This course   is comprised of three sections. In Section I, we first introduce basic   theories and approaches that are useful for analyzing Chinese foreign trade.   Then we look back the long history of Chinese foreign trade and pay special   attention to the regime reform of Chinese foreign trade since 1978 and   China’s response to the latest developments in the global economic and trade   institutions. Section II investigates Chinese foreign trade pattern,   structure and performance in different settings including neoclassical   framework, at the industry-level as well as the firm-level, and in the   presence of “trade in tasks” or “trade in value added”. The final section   discusses the implications of Chinese foreign trade development for China and   the rest of the world.

 

China's   Taxation System and Fiscal Policy

Liu Yu,   Assistant Professor

PhD, Yale   University
  Credits: 3
  Credit Hours: 54

This course   is designed to introduce China’s taxation system and fiscal policy. It will   start with a brief description of the level of China’s tax revenue, China’s   tax legislation system, tax collection and administration system and the   taxes payable in China. Then the course will cover the rules of China’s major   taxes. Various elements such as the scope, taxpayers, taxable items, rates   and incentives of these taxes will be discussed. After that, we will recall   the major measures taken in China’s last two rounds of tax reform and try to   forecast the possible steps of future tax reform. In addition, we will   discuss China’s budget system, intergovernmental fiscal relationship and the   major fiscal policy measures and their effects.

 

Foreign   Direct Investment in Transition Economy
Luo Changyuan, Associate Professor PhD, Vienna University of Economics and   Business Administration
Credits: 2
Credit Hours: 36

This course   will explore the motivation and effects of FDI in host countries. The   contents consist of two parts, namely general topics and special issues. As   for the part of general topics, we will investigate FDI’s role in economic   growth and technological progress. As for the part of special issues, we will   focus on inward and outward FDI in China. In this part, the first 5 sessions   will discuss facts and effects of inward FDI in China. The last session will   turn to outward FDI in China.

Urbanization   in China

Wang Zhi, Assistant professor

PhD, Brown University

Credits: 3

Credit Hours:   54

The goal of   this course is to give students an understanding of how to apply the latest   thinking and research in economics to analyze a series of topics related to   urbanization in China.

 

 

 

Note: In addition to the courses above, we have series of short-term courses named after Pro. Jiang Xuemo which are taught by the esteemed scholars from all over the world, normally with 1 credit each. According to the latest graduation rule for degree student, you have to take at least 1 short course during your 1st academic year. Course of each semester is subject to change.      


 

Spring Semester

 

COMPULSORY

COURSES

CONTENTS

China's   Financial System
Yin Xingmin, Professor

PhD,   University of Essex
Credits: 3
Credit Hours: 54

Overview of   China’s financial system, the banking and intermediation sector,   understanding China’s interest rates, central banking and the conduct of   monetary policy, money and inflation, financial intermediation and credit   policy in economic development, the interaction between monetary and fiscal   policies, the money markets, the capital markets, the mortgage markets,   debate on RMB exchange rate policy, commercial banking industry, banking   regulation, securities and investment funds, and financial system and   economic performance.

Corporate   Finance

Xu Haibo,   Assistant Professor

PhD,   Washington University

Credits: 3

Credit Hour:   54

This is a   master level course based on the text book “The Theory of Corporate Finance”   by Jean Tirole. This course serves as an introduction to corporate finance   and mainly focuses on the theoretical part, including topics related to   credit rationing, borrowing capacity, passive and active monitoring, control   rights, etc. To get a better understanding, the course requires some   background training in intermediary microeconomics and introductory game   theory/contract theory.

 

OPTIONAL

COURSES

CONTENTS

Monographic   Study on Chinese Finance
Shen Guobing, Professor

PhD,   Zhejiang University
Credits: 3
Credit Hours: 54

This course   is aimed to enable students to grasp the basic knowledge introduction to   Chinese finance, and apply core advanced economic theory and quantitative   methods to the issues of Chinese finance, through lecture learning,   literature reading and case thinking.

Macroeconomics
Ge Jinfeng, Assistant Professor

PhD,   Stockholm University 
Credits: 3
Credit Hours: 54

The level of   this course is intermediate macroeconomics. Macroeconomists are interested to   know how far the standard model can explain consumption, investment,   unemployment, business cycle, economic growth, money demand ... A bit   stretched perhaps, policy implications can be obtained based on relevant   frameworks. In the end of the course, students are supposed to know how to   solve basic models, and how to map from theory to reality.

World   Economy and China 
Lu Hanyin, Associate Professor

PhD, Fudan   University
Credits: 2
Credit Hours: 36

This course   examines the implications of China's emergence as a major player in the world   economy. Its integration into the global economy brings major effects for the   rest of the world. China's participation in the world economy also offers   important opportunities for trade, investment, and international cooperation   to promote world prosperity and stability.

Industrial   Organization
Zhou Yu, Assistant Professor

PhD,   University of Michigan, Ann Arbor
Credits: 3
Credit Hours: 54

The purpose   of this course is to expose students to topics and techniques frequently   discussed in Industrial Organization Literature. The first half will cover   demand, supply, entry and matching. The second half will cover single-agent   dynamics and market dynamics.

Development   Economics
Xi Xican, Assistant Professor

PhD, Arizona   State University
Credits: 3
Credit Hours: 54

The course   covers some of the central issues in recent development economics literature   and introduces a variety of methodological approaches to study these issues.   It draws on a broad range of research papers and emphasizes particularly on   their empirical methods. The goal of this course is to transform students   into researchers who can conduct independent projects related to economic   development.

International   Trade

Fan Haichao, Associate Professor

PhD, The Hong Kong University of Science and   Technology

Credits: 3

Credit Hours:   54

The goals of   the course are: (i) to introduce students to current topics of interest in   international trade (ii) to help students develop skills for conducting   research, including evaluating existing research, presenting their work,   working collaboratively, and defining and organizing a research project, and   (iii) to help students identify the topic for a research paper. In order to   achieve these goals, we focus on the most cutting-edge research in   international trade, with a bit introduction of necessary background   classical theory. Different from traditional lectures, our class meetings   require heavy discussions led by students which in turn require huge efforts   from students to read, understand, organize and present.

Dissertation   Writing in Economics

Zhou Yu, Assistant Professor

PhD,   University of Michigan, Ann Arbor
Credits: 3
Credit Hours: 54

This course   is designed to help the graduate students to make a transition from   coursework to paper writing.

Quantitative   Analysis of Financial Time Series

Fu Zhonghao, Assistant   Professor

PhD, Cornell   University

Credits: 3

Credit Hours:   54

This   intermediate course of time series analysis focuses on the economic intuition   and theoretical justification behind the econometric modeling of financial   time series process. It starts with the basic concepts in time series   analysis and the stylized facts of financial times series data and then   covers the univariate and multivariate time series with topics including   ARIMA models, volatility models, VAR models, factor models, forecasting time   series, model selection, unit root, and structural changes. This course   emphasizes the application of time series models in financial data.

Note: In addition to the courses above, we have series of short-term courses named after Pro. Jiang Xuemo which are taught by the esteemed scholars from all over the world, normally with 1 credit each. According to the latest graduation rule for degree student, you have to take at least 1 short course during your 1st academic year. Course of each semester is subject to change.