This course examines valuation techniques, integrating traditional financial models with advanced economic theories and practical applications, emphasizing the Chinese economy. Students will master discounted cash flow (DCF), relative valuation, and real options, applying these to specialized areas such as financial service firms, money-losing firms, start-ups, private firms, acquisitions, real estate, and distressed equity. Through theoretical instruction, practical exercises, and a group project, students will develop expertise in valuing diverse assets in complex markets. Microsoft Excel is used to illustrate the ideas of valuation.

This course focuses on financial decisions in the modern corporation. Topics include: capital budgeting, cost of capital, capital structure, dividend policy, public offerings, and incentives and contacting problems. There will also be some treatment of mergers and acquisitions, and corporate governance. The objective of the course is to integrate these various topics into standard theories of risk and return and the valuation of assets in order to provide a theoretical framework for considering corporate finance problems and issues, with an understanding of how it applies to the real world.

This course will examine the progresses and challenges of China's rapid economic growth toward one of the largest economies in the world and its deepening integration into the global trade and financial systems. It will focus on China's interactions with the global economy and their domestic and international implications. The topics will include: Review of China's foreign trade and investment; reform, opening, growth and efficiency of China's domestic and external sectors and their impacts on the structure of China's balance of payments; China's currency and monetary policies and their impacts on the domestic and internal trade and finance; China's capital market reform and development and their domestic and international implications; China's role in maintaining international financial order.

This course covers topics pertinent to the development of low-income countries: economic growth, measurements of economic inequality, inequality and development and their inter-connections; poverty and under-nutrition, population growth and economic development, rural and urban, markets in agriculture, land, labor, credit and insurance, international trade, and trade policy. The course also teaches how to use data to conduct development analyses such as poverty assessments and impact analysis of development projects.

This course develops a solid understanding of environmental economics. The course covers important environmental issues including overuse of the environment (such as overfishing and excessive air pollution emissions) and too little provision of environmental public goods (such as preservation of endangered species habitats and investment on biodiversity). This course is designed to cover an indepth discussion of an economic approach to environmental problems in order to show how factors such as property rights and transaction-cost considerations can encourage efficient natural resource use through environmental markets. For environmentalists, this course also offers concrete solutions to illustrate the importance of environmental entrepreneurship.

This is a course in money and banking at the masters or first-year graduate level. It discusses the role of money and the banking system in the economy and how they affect aggregate economic activity like inflation, interest rates and output growth. Topics include theories of money demand and supply, theories of interest rates, issues related to conduct of monetary policy, such as targets and indicators, rules versus discretion, time inconsistency, credit market imperfections, banking crisis, bank regulation, deposit insurance, among many others.

This course focuses on modern history of China and the world from perspectives of transnational and shared experience. It will explain how China becomes China with especial focus on the following topics: 1. forced transformation from a civilization to a nation-state; 2. Wars and peace and China’s struggles; 3. Chinese and Americans: a shared history; 4. Body, mind, and sports: Chinese shared experiences with the past and the world; 5. How “China” becomes today’s China and how Chinese become Chinese. It is crucial for anyone to know this kind of history in today’s world, and it seems more important if one wants to become a leader in business world. Without a deep understanding of the past, one cannot move ahead in the future.

The goal of this course is to equip students with a practical skill of proposing nudging solutions to achieve desire outcomes in commercial and policy making contexts; and testing the effectiveness of these solutions by experimentation (aka A/B Testing). Nudging is a concept rooted in behavioral economics and choice architecture, which involves subtly influencing people's decisions or behavior without restricting their freedom of choice.

This course is to introduce modern AI technology and its principles, and to provide real experience of applying AI technology to finance and economics problems. The course aims to help students understand how to apply AI techniques in quantitative finance analysis and risk management.

This course offers a rigorous and accessible introduction to financial economics and investment at a graduate level. Its aim is to provide students with the essential economic theory that forms the foundation for understanding finance and investment analysis, as well as a basic understanding of financial institutions, financial instruments, and asset markets. Moreover, it strives to bridge the gap between financial economic theory and its real-world application in the investment domain.

This course aims to develop students’ ability to conduct data-driven policy research and communicate findings effectively. Students will learn to formulate policy questions, design and execute appropriate empirical analyses (from descriptive statistics to data visualization), write for policy audiences, and give and receive constructive feedback. The course also equips students to use AI tools productively in their research workflow.

This course is Introduce students to the core theories of government and regulation, including public interest theory, capturetheory, market failure, government failure, and state capacity.

This course examines the political and institutional foundations of China’s economic development from the late imperial era to the present. Integrating insights from political economy, economic history, and applied econometrics, it explores how state capacity, ideology, and institutional design have shaped China’s long-run development trajectory and its divergence— and later convergence—with the West.