UNIVERSITY UNIVERSITY OF MACAUOF MACAU

Faculty of Social Sciences and Humanities

Department of Economics

AgendaAgenda 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

Special FeaturesSpecial FeaturesOur 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

University of Macau (UM)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

Department of EconomicsDepartment 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

Department of EconomicsDepartment 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.

B.Soc.Sc. in EconomicsB.Soc.Sc. in EconomicsGeneral 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

B.Soc.Sc. in EconomicsB.Soc.Sc. in Economics

Admissions (for local and foreign students) English I Mathematics A or Mathematics B

Direct Admission & Transfer AdmissionPlease 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

B.Soc.Sc. in EconomicsB.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

B.Soc.Sc. in EconomicsB.Soc.Sc. in EconomicsDegree 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

B.Soc.Sc. in EconomicsB.Soc.Sc. in EconomicsDegree 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

2+2 Programme2+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

M.Soc.Sc. in EconomicsM.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)

M.Soc.Sc. in EconomicsM.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

Ph. D. in EconomicsPh. 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

Facilities in University of MacauFacilities 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

Facilities in University of MacauFacilities 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

Academic StaffAcademic StaffMirrlees, James A. (University-Level Appointment) Distinguished Professor of EconomicsPh. D in Economics, University of Cambridge, HK(Taxation, Growth, Microeconomics)

Chang, Hsiao-ChuanAssistant ProfessorPh. D in Economics, Australian National University, Australia(Mircroeconomics, Mathematics, Statistics, Principles of Economics, International Trade)

Chen, YuAssistant ProfessorPh. 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 ProfessorPh. 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 ProfessorPh. D. in Economics, University of London, UK(Chinese economy, Economic development, macroeconomics, Macao economy)

Academic StaffAcademic StaffLiu, Chun WahAssistant ProfessorPh. D. in Economics, University of Wisconsin - Madison, USA(Comparative economics, Information economy, Industrial economics and Institutional economics)

Porapakkarm PonpopjeAssistant ProfessorPh. D. in Economics, University of Virginia, USA(Macroeconomics, Money and Banking, Statistics)

Sun, Guang-zhenAssociate ProfessorPh.D. in Economics, Monash University, Australia(Microeconomics, Mathematical Economics, Social Choice and Public Choice, History and EconomicThought) Wong, Ka Kei Gary Associate ProfessorPh.D. in Econometrics, Monash University, Australia(Applied econometrics, Microeconomics, Mathematical Economics)

Zheng, Mingli Associate ProfessorPh.D. in Mathematics, Huazhong University of Science and Technology, ChinaPh.D. in Economics, University of Toronto, Canada(Applied econometrics, Applied microeconomics, Industrial organization, Law and economics)

Selected Staff PublicationsSelected 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.

Selected Staff PublicationsSelected 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.

Financial IssuesFinancial 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

ProgrammesMacao, Hong Kong,

China mainland and TaiwanOther Countries Normal Study Period

B.Soc.Sc. MOP26,800 (per academic year) MOP34,600 (per academic year) 4 academic yearsM.Soc.Sc. MOP61,600 MOP76,800 2 academic yearsPh.D MOP75,600 MOP94,500 3 academic years

Studying and Living in MacaoStudying 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

Contact InformationContact 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

Programme Application Period

Master's Degree (For Chinese Mainland Students) 04 January – 31 March, 2010

Bachelor's Degree (Recommended Direct Admission) 11 - 29 January, 2010

Bachelor's Degree(Admission Examination - for Local and Foreign Students)

08 February - 03 March, 2010

Bachelor's Degree(Direct and Transfer Admission - for Local and Foreign Students)

01 - 30 April, 2010

Bachelor's Degree (For Chinese Mainland Students) 10 May - 30 June, 2010

Doctoral Degree(For Local, Chinese Mainland and Foreign Students)

Please visit the Graduate Schoolwebpage http://www.umac.mo/grs/

Master's Degree and Postgraduate Certificate(For Local and Foreign Students)

04 January - 31 March, 2010

~ Thank you ~