English Taught Program-Master of Finance, International Trade and World Economy
What is the program about?
This program is designed after cutting-edge curriculum of Master Program and some Chinese elements are embedded to meet needs of those who wish to understand China’s economy. There are three majors: World Economy, International Trade, and Finance. The courses of the program are intended to equip students with the main tools of the professional economist, whether they intend to work in government,
international organizations or business. In addition to the courses, lectures, seminars and tutorial supervision are combined to help students with their research work. The structure of the program allows students to specialize to some extent in both economic theory and China’s economy. The program not only prepares students for research work in an academic discipline but also is suitable for those with career interests related to China.
This is a three-year program. Courses will be offered in the first three semesters and students are required to complete the topic, proposal, writing and defending of thesis in the next three semesters. Postgraduates will be instructed fully under their supervisors. Supervisors are encouraged to instruct their students through regular seminars within the full-length of master program, in order to improve education quality of postgraduates. Upon the completion of the program, graduates will earn a Master’s Degree in Economics majored in Finance, International Trade and World Economy.
Who is eligible to apply?
1. Applicants must be Non-Chinese citizens in good health, at the age of 18 or above, and possess a valid and private passport;
2. Applicants must have bachelor's degree or above;
·Applicants who have not yet graduated can obtain a pre-graduation letter from their current educational institution stating their expected date of graduation. If accepted, applicant is required to provide the original graduation certificate upon registration. Otherwise, the acceptance qualification will be cancelled.
3. Language Requirement:
·Applicants with English as native language are exempted from English language certificate.
·Applicants from non-English speaking countries must provide IELTS (6.5 or above), new TOEFL (90 points or above) or other comparable certification of English proficiency.
·Applicants who have obtained their highest degree with English as the medium of instruction are exempted from providing language proficiency certification, but proof indicating the language medium is required.
The total credits required for the master program of international trade and world economy are 30 credits and master program of finance are 32 credits.
(1) Course Requirements: Total 26-28 Credits with 11-12 courses in the first 3 semesters.
(2) Seminar: 2 Credits
(3) Discussion Group: 1 Credit
(4) Social Practice: 1 Credit
Course Requirements: Total 11 courses with 26 credits are required, which are usually taken in the first 3 semesters. See curriculum below.
§Quantitative Method (3 Credits)
§Intermediate Microeconomics (3 Credits)
§China Survey (2 Credits)
§Chinese (4 Credits)
§Intermediate Macroeconomics (3 Credits)
§Econometrics I (1.5 Credits)
§Econometrics II (1.5 Credits)
§Economic Reform and Development in Contemporary China (2 Credits)
（Elective courses: 6 Credits, 3 courses）
Advanced Lectures (2 Credits): Students are required to attend weekly lectures by distinguished scholars from China and around the world, in order to broaden the scope of their knowledge and formulate their own research ideas. The total Credits is 2 with total 15 attendances of seminars in the first 3 semesters.
Seminar (1 Credit): This is a group discussion focusing on a typical topic, mainly on the research interest of this research group organized regularly, in order to encourage students to fully engage in interactions, exchange of innovative ideas and to strengthen their ability on independent research; Supervisors are still encouraged to give academic advices on their students through seminars. Master students should attend once every two weeks at least each semester starting from the 2nd semester, which should be recorded.
Social Practice (1 Credit)：Students are required to undertake research or social practice, investigation or survey related with your major and finish one report of social practice.
The core course is an integrated set of subjects in economic theory, mathematics for economists, and econometrics.
Quantitative Methods in Economics
Course Description: This course covers the basic mathematical techniques required for rigorous study of economics, and it will provide extensive instruction on applications of these techniques to economic problems. Upon successful completion of the course, the student will be able to apply mathematical techniques to problems in advanced microeconomic and macroeconomic theory that appear in typical first-semester courses in good economics graduate programs and to master additional mathematical techniques eﬃciently and eﬀ ectively as needed for graduate economics coursework and research. This course is particularly appropriate for students planning to pursue graduate studies in economics or related fields.
Prerequisites: Principles of Microeconomics, Calculus
Course Description: Advanced Microeconomics studies the behavior of individuals and firms in making decisions regarding the allocation of limited resources. Typically, it applies to markets where goods or services are bought and sold. Microeconomics examines how these decisions and behaviors affect the supply and demand for goods and services, which determines prices, and how prices, in turn, determine the quantity supplied and quantity demanded of goods and services. This course also looks into how imperfect information can affect the economic outcome, and how preferences can be aggregated into the choice of the society.
Prerequisites: Principles of Macroeconomics, Calculus
Course Description: Advanced Macroeconomics is a graduate course that introduces you to the advanced topics of macroeconomics. We start this course by studying an
economy’s long run performance: The economic growth. We first introduce the basic
Solow growth model and then incorporate technological progress and human capital accumulation into the model. In the second half of the course, we will explore an
economy’s short run performance: The business cycles. We will define and date business cycles and measure cyclical and trend components.
Prerequisites: Calculus, Basic Statistics, Linear Algebra
Course Description: Building on the fundamental mechanics of statistics and probability, econometrics I familiarizes students with the empirical application of statistical principles to problems of measurement in economics. The course focuses on the intuition and application of statistical reasoning, the gathering and manipulation of economic data, and the use of econometric software STATA. The core of this course comprises Random Variables, Expectation Theory, Probability Distributions, Hypothesis Testing and the Two-Variable and Multi-Variable Linear Regression Model.
Prerequisites: Calculus, Basic Statistics, Linear Algebra
Course Description: This course is the second section of introductory econometrics. We will continue to study multivariable regression models, including, discrete choice models, instrumental variables regression, simple panel data linear models, analysis of random experiments and quasi-experiments, and regression with time series data. The objective of the course is for the students to learn some basic skills on how to conduct – and how to critique – empirical studies in economics and related fields. The course statistical software is STATA.
Economic Reform and Development in Contemporary China
Course Description: From the end of 1970s, China set off to opening up to the world and reforms its planning economic system, which it established in 30 years after the new China was founded in 1949. Compared with other transitional economies, China’s gradual approach to economic reform has been of great success with improving living standards for the 1.3b Chinese people. This course will include but not limited to the following relevant topics: (1)the formation of China’s planned economics system since 1949 and its legacy; (2)the process of economic reform in China since 1978; (3)reform in the agriculture sector; (4)reform of state-owned enterprises; (5)price reform; (6)reform of the banking system; (7)reform of the foreign trade and investment; (8)the development of non-state sector; (9)WTO accession and China’s economic reform; (10)the success and problems of China’s economic reform; (11)the characteristic and implication of China’s reform.International master students will understand the process and principles of China’s economic transformation and its general implications. Students will be exposed to the
lessons in the success and failures of China’s economic reform. Students will be able to independently investigate topics related to China’s economic reform, communicate the results and articulate their own ideas in a brief presentation to a group of people. This course will help student’s further understanding of the nature and situation in China’s economic reform and development.
In the third year, students must finish their master’s thesis, which should be submitted on time and defended in the sixth term (in mid-May).
Highlights of the Program
Students earn the Shandong University Master degree in a program that is tailored to the needs of international students, who want to have an in-depth exposure to Chinese economy, Chinese economy reform and practice, and Chinese tradition and modern culture, and who have potential intent to work or advance their career in the business circle in China in the future.
International Admission Office Joy Han, Program Coordinator
Department of International Affairs School of Economics
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