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The curriculum consists of two parts

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15 Credits

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MSc Project

15 Credits

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30 credits

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The minimum number of credits needed to fulfill the degree requirements is 30, including 15 credits of core courses and minimum 15 credits of elective courses. The total credit load should not exceed 34.

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  • Mathematics for Business and Economics [3 credits]
    Application of mathematics to economic and business analysis; mathematical analysis and linear algebra; optimization methods.

  • Macroeconomic Analysis [4 credits]
    Stylized facts about the macroeconomy; microfoundations of macroeconomics; dynamic stochastic models as tools to understand inflation, unemployment, business cycles and growth; fiscal and monetary policies.
  • Microeconomic Analysis [4 credits]
    Theory of the consumer, theory of the firm; market structures and market equilibrium; information and uncertainty; game theory.

  • Applied Econometrics [4 credits]
    Ordinary least squares; multiple regression; variable selection and model specification; multicollinearity; heteroscedasticity and serial correlation; errors in variables; Endogeneity and instrumental variable regression; panel data model.
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Topics of our Electives include (availability varies from year to year):
Banking and International Finance
Economics of High-Tech Industries
Behaviour and Experimental Economics
Financial Economics
Economic Analysis of Institutions


Subject to the approval of the MSc Academic Director, students may take up to 2 economics related postgraduate courses (of no more than 6 credits) offered by other departments in the School of Business and Management, the School of Science, or the Division of Social Science.

Students may take up to 8 credits of economics related undergraduate courses at 4000-level. Of the 8 credits, no more than 6 credits may be from the Department of Economics.

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Students may take a 4-credit MSc Project (ECON 6950) as an elective to fulfill the program requirement. The project should be carried out under the supervision of a faculty member in the Department of Economics. The final report will be read by two faculty members, one of whom is the supervisor.

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Research Preparation Concentration

Students who want to better prepare themselves for pursuing further studies are given an option to extend one more term to complete a Research Preparation concentration. To opt for the concentration, students are required to complete at least 36 credits, including 15 credits of core courses and minimum 15 credits of elective courses, of which 6 credits must be at PhD level; plus a 6-credit Independent Project (ECON 6980). A selection process is in place to assess students’ eligibility . The program office will call for applications in around April each year.

Placement Highlights of Research Preparation Concentration Graduates
  • Mannheim University, Germany
  • Boston University, US
  • University of Houston, US
  • University of Washington, US
  • Ohio State University, US
  • The Chinese University of Hong Kong
  • The Hong Kong University of Science and Technology
  • The Hong Kong University of Science and Technology (GZ)
  • City University of Hong Kong