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UNIVERSITY OF MACAU

Faculty of Social Sciences and Humanities. Department of Economics. UNIVERSITY OF MACAU. Agenda. Special Features University of Macau (UM) Department of Economics B.Soc.Sc. in Economics 2+2 Programme M.Soc.Sc. in Economics Ph. D. in Economics Facilities Academic Staff

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UNIVERSITY OF MACAU

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  1. Faculty of Social Sciences and Humanities Department of Economics UNIVERSITY OF MACAU

  2. Agenda • Special Features • University of Macau (UM) • Department of Economics • B.Soc.Sc. in Economics • 2+2 Programme • M.Soc.Sc. in Economics • Ph. D. in Economics • Facilities • Academic Staff • Selected Staff Publications • Financial Issues • Contact Information

  3. Special Features Our Teachers • All teachers are Ph.D. holders • 50% of them graduated from the world’s top 100 universities • Recruited from universities in UK, US, Canada, Australia and France • Years of teaching experience

  4. University of Macau (UM) • A public institution of higher learning dedicated to the creation, transmission and diffusion of culture, science and technology • Total students population: 6,600 in 2008/09 • Total academic staff: 400 • Five faculties: • Faculty of Business Administration • Faculty of Education • Faculty of Law • Faculty of Social Sciences and Humanities • Faculty of Science and Technology

  5. Department of Economics • History of establishment • Study of economics started in 1981 • Economics Programme was formed in 1993 as a unit of combined FSH • Department of Social Sciences was created in 2002 • Department of Economics was created within the FSH in 2006 • Strengthened areas such as economic research, conferences / seminars and publications • Held an International Symposium on Chinese Economic Growth: Causes, Prospects and Its Implications for Macao on the 2nd and 3rd March, 2007 • Held the International Conference on Economic Integration in the Greater China Region on 29th-30th March, 2009 • More than 300 graduates across the globe and in a wide variety of positions in private organizations such as Macao International Airport, Banks, Casinos and Government departments; or studying for advanced degrees overseas

  6. Department of Economics • Joseph Stiglitz, 2001 Nobel Laureate in Economics, delivered a public lecture title “Lessons from the Financial Crisis in Asia” and received the honorary degree of Doctor of Social Sciences conferred by our University. • In 2005, a university-level appointment was made to Sir James A. Mirrlees, 1996 Nobel Laureate in Economics, as Distinguished Professor of Economics. • Sir James A. Mirrlees received the honorary degree of Doctor of Social Sciences conferred by our University.

  7. B.Soc.Sc. in Economics General • Both theoretical and applied • Internationally recognized • Taught in English • Global and local • Exchange programmes with foreign universities Courses • Compulsory courses: economics, quantitative tools, languages and social sciences • Free elective courses: economic theory & policy; social sciences; business applications; others

  8. B.Soc.Sc. in Economics Admissions (for local and foreign students) • English I • Mathematics A or Mathematics B Direct Admission & Transfer Admission Please refer to http://www.umac.mo/reg/adm/AdmRegUEng.pdf for more details (for Mainland Chinese students) • Form Six / Senior Middle three graduates • National Higher Education Entrance Examination results in meeting First admission mark requirement of applicant’s province • Please refer to http://www.umac.mo/reg/mainland_applicants.html for more details

  9. B.Soc.Sc. in Economics Degree Structure • First year • Basic Microeconomics • Basic Macroeconomics • Mathematics I • Mathematics II • English Language Requirement • Social Sciences Courses • Free Electives • Second year • Intermediate Microeconomics I • Intermediate Macroeconomics I • Intermediate Microeconomics II • Intermediate Macroeconomics II • Statistical Analysis I • Statistical Analysis II • Social Sciences Research Methods I • English Courses • Social Sciences Courses • Free Electives

  10. B.Soc.Sc. in Economics Degree Structure • Third year • The Modern Macau Economy • The Chinese Economy • History of Economic Thought • International Trade: Theory and Policy • Comparative Economic Systems • Economic Growth and Development I • International Monetary Economics • Mathematics for Economics • Econometrics I • Econometrics II • Social Sciences Course • Free Elective • Fourth year • Labour Economics • Industrial Economics • Money and Banking • Public Finance • Economies of the Asia-Pacific Region • Seminar • Economics Required Elective Courses * • Free Electives

  11. B.Soc.Sc. in Economics Degree Structure • * Economics Required Elective Courses • Social Sciences Research Methods II • Managerial Economics • Western Economic History • Chinese Social and Economic History • Economic Growth and Development II • Comparative Financial Systems • Economic Geography • Urban Economics • Location Analysis • Urban Geography • History of The Pearl River Delta • International Economic Law • Applied Economics • Economy of Hong Kong, Macau and the Pearl River Delta • European Economics • Forecasting Methods • Advanced Microeconomics • Advanced Macroeconomics • Welfare Economics • Social Science Research Project I • Social Science Research Project II

  12. 2+2 Programme Under 2+2 Programme, students may have opportunity to study in Macau to obtain 2 undergraduate degrees; certificates will be awarded by Lingnan (University) College and University of Macao respectively. General • Target: 2nd-year students of undergraduate degree of Lingnan (University) College • Requirement: GPA 2.5 or above (average score 75 or above) • No. of students: at a maximum of 3 • Length of period: 2 years • Result Announcement: May Financial Assistance and Scholarship (according to performance per academic year) • Scholarship awarded • Tuition Fee reduction • Dormitory Fee reduction

  13. M.Soc.Sc. in Economics • General • Full-time programme over two years • Coursework and dissertation • Academic performance on maintenance of normal academic progress • Admissions • Holders of undergraduate degree in Economics are expected • English proficiency, such as: • TOFEL (min. score of 550) and/or • IELTS (min. score of 6.0) • CERT (level 6.0)

  14. M.Soc.Sc. in Economics • Degree Structure • First year / First semester (Four Compulsory Courses) • Microeconomic Theory (Hal Varian, Microeconomic Analysis) • Macroeconomic Theory (David Romer, Advanced Macroeconomic in Economics) • Methods of Economic Research • Econometric Analysis I (William Greene, Econometric Analysis) • First year / Second semester (Four Elective Courses from the followings) • International Trade and Finance • Advanced Topics in Economic Theory • Industrial Organization • The Chinese Economy • Public Economy • Regional Economies • (Asia-Pacific / European Monetary Union) • Second year / First and Second semesters • Dissertation

  15. Ph. D. in Economics • Admissions • Research degree by dissertation • Masters degree in Economics or its equivalent is expected • English proficiency • TOFEL (min. score of 550) • IELTS (min. score of 6.0) • CERT (level 6.0) • Thesis Topic Area • The Chinese Economy (including Macao) • Development Economics • Microeconomics • Public Economics • Welfare Economics

  16. Facilities in University of Macau • Library Facilities • Working space area of 15,000 m2 • Seating capacity of 400 • A stock of 5,000 volumes on economics • 1,200 periodicals • Audio-visual materials, maps, microforms, newspapers, and other special materials • Official publication from ten international organizations (UN, ILO, WB, WTO, WFP, APEC, ADB, NATO, UNRISD, and EU) • Economic Database: JStor, ScienceDirect, EconLit, EBSCO, and the Blackwell Publishers’ Humanities and Social Science Collection

  17. Facilities in University of Macau • E-campus • Over 1,700 personal computers • Over 100 workstations and servers • Open for 24 hours a day, 7 days a week • Multimedia supporting center • The WebCT system, the Optical Mark Recognition, the Video Conference system and the Streaming Video system • Net-Wireless service • Secure Sockets Layer-Virtual Private Network • Standard software and special econometrics packages (such as SPSS, SAS, EViews, STATA and Limdep) to research students

  18. Academic Staff Mirrlees, James A. (University-Level Appointment) Distinguished Professor of Economics Ph. D in Economics, University of Cambridge, HK (Taxation, Growth, Microeconomics) Chang, Hsiao-Chuan Assistant Professor Ph. D in Economics, Australian National University, Australia (Mircroeconomics, Mathematics, Statistics, Principles of Economics, International Trade) Chen, Yu Assistant Professor Ph. D in Economics; University of Clermont-Ferrand-I (Auvergne), France (Chinese Economy, Microeconomics, Economics of Development) Ho, Wai Hong Patrick (Coordinator of Undergraduate Programme) Associate Professor Ph. D in Economics, Virginia Polytechnic Institute & State University, USA (Public economics, Economic growth of East Asian countries, Financial intermediation) Kwan, Fung (Department Head; Coordinator of Postgraduate Programme) Assistant Professor Ph. D. in Economics, University of London, UK (Chinese economy, Economic development, macroeconomics, Macao economy)

  19. Academic Staff Liu, Chun Wah Assistant Professor Ph. D. in Economics, University of Wisconsin - Madison, USA (Comparative economics, Information economy, Industrial economics and Institutional economics) Porapakkarm Ponpopje Assistant Professor Ph. D. in Economics, University of Virginia, USA (Macroeconomics, Money and Banking, Statistics) Sun, Guang-zhen Associate Professor Ph.D. in Economics, Monash University, Australia (Microeconomics, Mathematical Economics, Social Choice and Public Choice, History and Economic Thought) Wong, Ka Kei Gary Associate Professor Ph.D. in Econometrics, Monash University, Australia (Applied econometrics, Microeconomics, Mathematical Economics) Zheng, Mingli Associate Professor Ph.D. in Mathematics, Huazhong University of Science and Technology, China Ph.D. in Economics, University of Toronto, Canada (Applied econometrics, Applied microeconomics, Industrial organization, Law and economics)

  20. Selected Staff Publications • Chang, Hsiao-chuan. (2007) “Budget Balance and Trade Balance: Kin or Strangers. A Case Study of Taiwan”, Oxford Journal, 6 (1) 75-81. • Chen, Yu (2008). "Opening-up or Institutional Development? Evidence from China". International Economic Journal, 22 (4) 419-430. • Chen, Yu. (2009) "What Do We Need Besides Trade?" Journal of Chinese Economic and Business Studies, 7 (1) 17-30. • Ho, Wai Hong Patrick. (2005). "Public Capital, Asymmetric Information and Economic Growth" with Yong Wang, Canadian Journal of Economics, 38(1), 57 - 80. • Ho, Wai Hong Patrick & Yong Wang (2007) "Factor Income Taxation and Growth under Asymmetric Information", Journal of Public Economics, 91(3-4), 775 - 789. • Kwan, Fung (2009) “Agricultural Labour and the Incidence of Surplus Labour: Experience from China During Reform”, Journal of Chinese Economic and Business Studies. 7 (3), 341-361.

  21. Selected Staff Publications • Sun, Guang-Zhen (2009), “The Age-Dependent Value of Time: A Lifecycle Analysis”, Journal of Economics , 97(3), 233-250. • Wong Ka Kei Gary and H J Park (2007), “The Use of Conditional Cost Function to Generate Estimable Mixed Demand Systems”, American Journal of Agricultural Economics, 89 273-286. • Wong Ka Kei Gary and K R McLaren (2005), “Specification and Estimation of Inverse Demand Systems: A Distance Function Approach”, American Journal of Agricultural Economics, 87, 823-834. • Zheng, Mingli (2005) “Rational Legal Decision-Making, Value Judgment and Efficient Precaution in Tort Law,” Journal of Institutional and Theoretical Economics, 161(3), 411-427. • Zheng, Mingli (2006) “Bidding Behavior in Competing Auctions: Evidence from eBay,” European Economic Review, 50(2), 307-322.

  22. Financial Issues • The scheme of tuition fees for 2010-2011 is as below: • Graduate assistantships and studentships Email: so.enquiry@umac.mo URL: http://www.umac.mo/so/index.html for details

  23. Studying and Living in Macao • Three types of on-campus hostel: • Single room  MOP2,000 per month • Double room  MOP1,200 per month • Shared room  MOP800 per month • Medical Service • Cost of living in Macao  monthly min. MOP2,800 • Official currency in Macao  MOP • HKD1 = MOP1.03; USD1 = MOP8.03; ECU1 = MOP9.4 • Macao Immigration Department’s URL: http://www.fsm.gov.mo/psp/sm/epromise_sm.htm • Detailed portrait of Macao city: http://www.cityguide.gov.mo

  24. Contact Information • Address: Department of Economics, Faculty of Social Sciences and Humanities, University of Macau, Room TM2A, Tai Fung Building, Taipa, Macao SAR, China • Telephone: 853-83974274 • Email: econ@umac.mo • Telefax: 853-28838312 • URL: http://www.umac.mo/economics

  25. ~ Thank you ~

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