College Of Economics And Finance Division Of Economics & Finance

College/Department info
Dept. location College of Economics and Finance, 2nd floor, room 206
Phone 02-2220-1020 Fax 02-2296-9587
Email /
Homepage
SNS

Introduction

CE&F develops economists that deals with economic theory and finance that deals with the circulation of money which is commercialized in real life. Specifically, students in CE&F can understand the factors and directions that have a significant impact on economic phenomena through economics. Economics can be easily understood by demand-supply curve in high school economics class. For example, changes in demand and supply for smart phones affect the price of smart phone. In the production process, many factors such as changes in unit price, development of new products, and technological innovation affect the demand and supply of smart phone and change the price.

Information

Highlights

One Of the Universities Selected For the Specialization Project (CK Project)
In 2014, the Division of Economics and Finance was selected as the "Financial Quant Big Data Expert Personnel Education Project Team" in the specialization project of universities in Seoul, conducted by the Korea Research Foundation of the Ministry of Education. This division organized new courses to improve statistics, meterage, and analysis skills, and established an annual "Field study 1" class for juniors and seniors. Internship opportunities were also offered. The program provides job opportunities to approximately 50 students in cooperation with about 25 companies and institutions. Above all,  this program provides job training that meets the needs of enterprises through a 7-week special pre-training session from experts before students are dispatched. In addition, students are provided scholarships for specialization and supported for academic activities.

Academic Seminar
This year marked the 30rd academic seminar of the Division of Economics and Finance, which is held annually every November. This seminar is meaningful since students from the division prepare and operate every part of the seminar. The students select the topics and write and present theses. This provides a great opportunity for students to feel that they are participating in practical studies. On the day of the presentation, professors, students, employees, alumni, and others of the division participate in and celebrate the seminar.

Finance Examination Class
The Division of Economics and Finance at Hanyang University has a finance examination class for students who hope to enter ‘financial public corporations’. The finance examination class only accepts students who have passed the entrance test. Students in the class are provided study rooms, exclusive seats in the library, and access to various information. In addition, students can create a synergy effect with others from the same division by studying together.

Outlook

Outlook
Enterprises Banks, securities firms, asset management companies, investment advisors, comprehensive financial companies, investment trust companies, insurance companies, distribution companies, accounting corporations, tax corporations, etc.
Researchers Korea Economic Research Institute, economist at private companies, etc.
Government and Public Organization Financial officers in the central and local governments, tax accountants, customs officers, international trade officials, government-affiliated banks and researchers
International Institutions IMF, IBRD, WTO, OECD, ADB, etc.
Financial Fields Financial supervisors, bankers, accountants, asset managers, actuaries, risk managers, investment credit analysts, fund managers, foreign exchange dealers, etc.
Press and Publication Fields Economic newspaper reporters, economic book editors, etc.
Faculty info
SEONG-LIN NA

SEONG-LIN NA / Adjunct Professor

Jeon, Young Seo

Jeon, Young Seo / Professor

PARK, DAEKEUN

PARK, DAEKEUN / Professor

Moon, Choon-Geol

Moon, Choon-Geol / Professor

Myung-Jig Kim

Myung-Jig Kim / Professor

Kim Yung San

Kim Yung San / Professor

Hyoungsoo Zang

Hyoungsoo Zang / Professor

Young Lee

Young Lee / Professor

YUN, WON CHEOL

YUN, WON CHEOL / Professor

Hangyong Lee

Hangyong Lee / Professor

Chun, Young Jun

Chun, Young Jun / Professor

Yoo, Jin

Yoo, Jin / Professor

Cheolsung Park

Cheolsung Park / Professor

Park Choon won

Park Choon won / Assistant Professor

Kwang-ho Kim

Kwang-ho Kim / Associate Professor

In-Koo Cho

In-Koo Cho / Professor

KIM, KUNHO

KIM, KUNHO / Associate Professor

Booil Philip Jeon

Booil Philip Jeon / Professor

Eleanor Jawon Choi

Eleanor Jawon Choi / Assistant Professor

Nam, Deokwoo

Nam, Deokwoo / Associate Professor

Songman Kang

Songman Kang / Assistant Professor

Youngwoo Koh

Youngwoo Koh / Assistant Professor

Jeong Hwan Lee

Jeong Hwan Lee / Assistant Professor

Yoon, Kyung Hee

Yoon, Kyung Hee / Adjunct Professor

Jungmo Yoon
You, Hye Mi

You, Hye Mi / Associate Professor

Won, Dae-shik

Won, Dae-shik / Adjunct Professor

  • 02-31456008
Shin Seung Chul

Shin Seung Chul / Emeritus Professor

Chuk Kyo Kim

Chuk Kyo Kim / Emeritus Professor

Young Hoon Kwun

Young Hoon Kwun / Emeritus Professor

Sun Whan Rhee

Sun Whan Rhee / Emeritus Professor

Cho Byung Taik

Cho Byung Taik / Emeritus Professor

AHN SUCK KYO

AHN SUCK KYO / Emeritus Professor

Lim, Yang-Taek

Lim, Yang-Taek / Emeritus Professor

College/Department curriculum
Year Term No. Curriculum Course Credits-lecture-experiential learning  
1 1 0000001 General Studies by Area 16-16-0
1 1 CUL0005 Korean Speaking and Writing Compulsory General Studies 3-4-0
Through kiscussion this course ask the following questions: (1) What is free associaton?; (2) How do you compose and make a text? How do you talk about a certain issue?; (3) What is rational and logical thought?; (4) How do you enhance originality and rationlity? The course help students acquire an understanding of text and composition.
1 1 CUL0010 Introduction to Computer and Application Compulsory General Studies 2-1-2
This course introduces the basic concepts of computer hardwares and softwares. Students will also learn the applications of computers to various services by carrying out experiments. Topics to be covered include CPU(Central Processing Unit), Input/Output devices, storage devices, multimedia, internet, programming languages, operating systems, system analysis and design, management information system, word processing and desktop publishing, spread sheet and graphics, and database management systems.
1 1 GEN0059 Principles of Economics 1 Compulsory General Studies 3-3-0
1 1 GEN2051 Introductory Mathematics for Business & Economics Compulsory General Studies 3-3-0
1 1 CUL0005 Korean Speaking and Writing Compulsory General Studies 3-4-0
Through discussion this course asks the following questions: (1) What is free associaton?; (2) How do you compose and make a text? How do you talk about a certain issue?; (3) What is rational and logical thought?; (4) How do you enhance originality and rationlity? The course helps students acquire an understanding of text and composition.
1 1 CUL1050 Understanding Computer Compulsory General Studies 2-1-2
This course introduces the basic concepts of computer hardwares and softwares. Students will also learn the applications of computers to various services by carrying out experiments. Topics to be covered include CPU(Central Processing Unit), Input/Output devices, storage devices, multimedia, internet, programming languages, operating systems, system analysis and design, management information system, word processing and desktop publishing, spread sheet and graphics, and database management systems.
1 1 ECO1001 Introduction to Economics Compulsory General Studies 3-3-0
Introduces basic economic tools and helps students to apply them to real-world economic phenomena. Emphasizes intuitive understanding of analytical frameworks in economics. Covers both micro- and macroeconomic issues.
1 1 ECO1005 Introduction to Economic Statistics Compulsory General Studies 3-3-0
General introduction to the theory and practice of probability models, random sampling, and statistical inference. Povides students with basic concepts and procedures in probability theory and statistical inference. Main topics include probability, random variables, expectation operator, distributions, random sample, point estimation, interval estimation and test of hypothesis. Contents covered in this course are essential in understanding econometrics.
1 1 CUL0005 Korean Speaking and Writing (Compulsory) Requirement in Fundamental Studies 3-4-0
Through kiscussion this course ask the following questions: (1) What is free associaton?; (2) How do you compose and make a text? How do you talk about a certain issue?; (3) What is rational and logical thought?; (4) How do you enhance originality and rationlity? The course help students acquire an understanding of text and composition.
1 1 ECO1001 Introduction to Economics (Compulsory) Requirement in Fundamental Studies 3-3-0
Introduces basic economic tools and helps students apply them to real-world economic phenomena. Emphasizes intuitive understanding of analytical frameworks in economics. Covers both micro- and macroeconomic issues.
1 1 ECO1007 Introductory Mathematics for Economists (Compulsory) Requirement in Fundamental Studies 3-3-0
Provides students with basic mathematical tools necessary in the exposition of economic theories. Covers concepts and mathematical operations such as set, function, matrix, differentiation and integration, vector, linear transformation, and Taylor series expansions, exponential and logarithmic functions, and classical optimization theory.
1 1 GEN5029 Career Development Ⅰ (Compulsory) Requirement in Fundamental Studies 1-1-0
The ‘seminar for freshman students’ aims to cover the following aspects: etiquettes of the university life; how to use the university facilities; how to improve oneself and provision of ideal ways to utilize the student period. It aims to broaden the 1st year students’ point of view to their majors as well as the university life in general. The lecture will discuss studying skill including taking notes, taking exams, time management and subject enrollment in order to guide students to achieve an ideal studying pattern and further to set up a career path. It will also deal with basic information about diverse study areas, domestic and international social issues and career development.
1 1 SYH0001 HUMAN LEADERSHIP (Compulsory) Requirement in Fundamental Studies 2-2-0
Hanyang Leadership(HELP: Hanyang Essential Leadership Plus) is the leadership development program of Hanyang University that "helps" Hanyang students to be CEOs. The first step of this program, Hanyang Leadership(HELP1) is the core course for freshmen. This course is composed of 3 parts, "pride in Hanyang", "core values in global society" and "life planning". In "pride in Hanyang" students will review the history, values and vision of Hanyang University. In "core values in global society" students will study 6 core values and case study on the core values of global companys. In "life planning" students will reflect on their history and present and develop the vision and mission statement.
1 1 CUL0005 Korean Speaking and Writing (Compulsory) Requirement in Fundamental Studies 3-4-0
This class is opened in intention to express creative imagination though speech and writing. This class is divided by 2 parts explaining writing and thoughts, speech and culture. Writing and thoughts contains association training, structures of writing, description, compare and contrast and writing logical sentences. Speech and culture criticizes culture and literature. Both parts contains many programs that enables students to participate. That should make the class interesting and also valuable.
1 1 ECO1001 Introduction to Economics (Compulsory) Requirement in Fundamental Studies 3-3-0
Introduces basic economic tools and helps students apply them to real-world economic phenomena. Emphasizes intuitive understanding of analytical frameworks in economics. Covers both micro- and macroeconomic issues.
1 1 ECO1007 Introductory Mathematics for Economists (Compulsory) Requirement in Fundamental Studies 3-3-0
Provides students with basic mathematical tools necessary in the exposition of economic theories. Covers concepts and mathematical operations such as set, function, matrix, differentiation and integration, vector, linear transformation, and Taylor series expansions, exponential and logarithmic functions, and classical optimization theory.
1 1 GEN5029 Career Development Ⅰ (Compulsory) Requirement in Fundamental Studies 1-1-0
The ‘seminar for freshman students’ aims to cover the following aspects: etiquettes of the university life; how to use the university facilities; how to improve oneself and provision of ideal ways to utilize the student period. It aims to broaden the 1st year students’ point of view to their majors as well as the university life in general. The lecture will discuss studying skill including taking notes, taking exams, time management and subject enrollment in order to guide students to achieve an ideal studying pattern and further to set up a career path. It will also deal with basic information about diverse study areas, domestic and international social issues and career development.
1 1 SYH0001 HUMAN LEADERSHIP (Compulsory) Requirement in Fundamental Studies 2-2-0
Hanyang Leadership(HELP: Hanyang Essential Leadership Plus) is the leadership development program of Hanyang University that "helps" Hanyang students to be CEOs. The first step of this program, Value Leadership(HELP1) is the core course for freshmen. This course is composed of 3 parts, "pride in Hanyang", "core values in global society" and "life planning." In "pride in Hanyang", students will review the history, values and vision of Hanyang University. In "core values in global society", students will study 6 core values and cases on the core values of global companies. In "life planning", students will reflect on their past and present and develop their vision and mission statement.
1 1 CUL0005 Korean Speaking and Writing (Compulsory) Requirement in Fundamental Studies 3-3-0
This course is to understand about the culture of the moderns, can be represented in the speaking and writing skills and a free imagination, and creative and critical reason for celebration. In addition, students can participate in lectures and presentations, a discussion of the end of class for free and a variety of writing and the correct writing of the progress and lessons will be conducted. Subjective reason ability and come in a variety of situations, each student through this class so that you can be a true and accurate communication, speaking and writing skills will be able to exert.
1 1 ECO1001 Introduction to Economics (Compulsory) Requirement in Fundamental Studies 3-3-0
Introduces basic economic tools and helps students apply them to real-world economic phenomena. Emphasizes intuitive understanding of analytical frameworks in economics. Covers both micro- and macroeconomic issues.
1 1 ECO1005 Introduction to Economic Statistics (Compulsory) Requirement in Fundamental Studies 3-3-0
General introduction to the theory and practice of probability models, random sampling, and statistical inference. Povides students with basic concepts and procedures in probability theory and statistical inference. Main topics include probability, random variables, expectation operator, distributions, random sample, point estimation, interval estimation and test of hypothesis. Contents covered in this course are essential in understanding econometrics.
1 1 GEN5029 Career Development Ⅰ (Compulsory) Requirement in Fundamental Studies 1-1-0
The ‘seminar for freshman students’ aims to cover the following aspects: etiquettes of the university life; how to use the university facilities; how to improve oneself and provision of ideal ways to utilize the student period. It aims to broaden the 1st year students’ point of view to their majors as well as the university life in general. The lecture will discuss studying skill including taking notes, taking exams, time management and subject enrollment in order to guide students to achieve an ideal studying pattern and further to set up a career path. It will also deal with basic information about diverse study areas, domestic and international social issues and career development.
1 1 SYH0001 HUMAN LEADERSHIP (Compulsory) Requirement in Fundamental Studies 2-2-0
Hanyang Leadership(HELP: Hanyang Essential Leadership Plus) is the leadership development program of Hanyang University that "helps" Hanyang students to be CEOs. The first step of this program, Human Leadership(HELP1) is a course offered to freshmen students. It is focused on helping them establish characters and values. By enhancing their humanistic sensitivities and knowledge they learn core values and leadership. Students discover themselves through HELP1 and are able to decide what kind of person they want to be. HELP1 helps students establish their values and prepare them to be balanced leaders who can adjust to new environments.
1 1 CUL0005 Korean Speaking and Writing Compulsory General Studies 3-3-0
Through kiscussion this course ask the following questions: (1) What is free associaton?; (2) How do you compose and make a text? How do you talk about a certain issue?; (3) What is rational and logical thought?; (4) How do you enhance originality and rationlity? The course help students acquire an understanding of text and composition.
1 1 ECO1001 Introduction to Economics Basic Major 3-3-0
Introduces basic economic tools and helps students apply them to real-world economic phenomena. Emphasizes intuitive understanding of analytical frameworks in economics. Covers both micro- and macroeconomic issues.
1 1 ECO1007 Introductory Mathematics for Economists Basic Major 3-3-0
Mathematics is the language of modern economics. In this course, basic mathematical problems commonly encountered in the study of economics, and mathematical concepts and operations such as set, function, matrix, differentiation and integration, vector, exponential and logarithmic functions will be covered. The three main topics dealt in this class are linear algebra, multivariable calculus, and optimization. Students are expected to be able to solve solutions of linear systems, take partial derivatives of explicit and implicit functions, and solve unconstrained and constrained optimization problems. Students will be exposed to a rigorous treatment of mathematical concepts and methods, but the class will also spend time on building the intuitive link between mathematics and economics and applying mathematics to understand important problems in economics.
1 1 GEN5029 Career Development Ⅰ Compulsory General Studies 1-1-0
The ‘seminar for freshman students’ aims to cover the following aspects: etiquettes of the university life; how to use the university facilities; how to improve oneself and provision of ideal ways to utilize the student period. It aims to broaden the 1st year students’ point of view to their majors as well as the university life in general. The lecture will discuss studying skill including taking notes, taking exams, time management and subject enrollment in order to guide students to achieve an ideal studying pattern and further to set up a career path. It will also deal with basic information about diverse study areas, domestic and international social issues and career development.
1 1 SYH0001 HUMAN LEADERSHIP Compulsory General Studies 2-2-0
Hanyang Leadership(HELP: Hanyang Essential Leadership Plus) is the leadership development program of Hanyang University that "helps" Hanyang students to be CEOs. The first step of this program, Hanyang Leadership(HELP1) is the core course for freshmen. This course is composed of 3 parts, "pride in Hanyang", "core values in global society" and "life planning". In "pride in Hanyang" students will review the history, values and vision of Hanyang University. In "core values in global society" students will study 6 core values and case study on the core values of global companys. In "life planning" students will reflect on their history and present and develop the vision and mission statement.
1 2 CUL0016 Pc Communication and Internet Compulsory General Studies 2-1-2
Introduction to practical knowledge of computer communication and internet system. The course contents include learning about fundamental communication system and different type of internet services, and designing a personal homepage. Instructional objectives include, 1. learn fundamentals of computer communication system, and access methods, 2. learn fundamentals of internet, and advance level of internet usages 3. learn different internet services to exchange information through email, ftp, telnet 4. learn to search information on the web, and design personal homepage
1 2 ECO2052 Statistics for Economics Compulsory General Studies 3-3-0
1 2 GEN0060 Principles of Economics 2 Compulsory General Studies 3-3-0
1 2 GEN1093 Practical English Conversation 1 Compulsory General Studies 3-4-0
GEN 193 Practical English Conversation 1 The objective of this program is to develop communicative competence and motivation to communicate in English both inside and outside of the classroom. The rationale for the program is basically to provide students with a sound opportunity to develop the 4 language skills: listening, speaking, reading and writing. The proposed program combines spoken and reading components in a single class format with clear emphasis on spoken English; it utilizes a communicative approach, targeting spoken language skills in conjunction with reading skills, and reserving writing for homework (although minimal writing will be done in class). The 4 language skills will be integrated witin a well-conceived spoken English program which emphasizes speaking time in class.
1 2 CUL1002 Understanding Internet Compulsory General Studies 2-1-2
Introduction to practical knowledge of computer communication and internet system. The course contents include learning about fundamental communication system and different type of internet services, and designing a personal homepage. Instructional objectives include, 1. learn fundamentals of computer communication system, and access methods, 2. learn fundamentals of internet, and advance level of internet usages 3. learn different internet services to exchange information through email, ftp, telnet 4. learn to search information on the web, and design personal homepage
1 2 CUL1007 Economic Principle in Headline News Compulsory General Studies 3-3-0
This course is intended to show economics majoring students how basic economic principles can be applied in understanding the basic underpinning of the current economic interesting issues which students can read from the daily economic newspapers. The current economic topics can be varied depending upon the current economic issues appeared in the news papers. In the microeconomic fields, topics related to the following theories will be covered: demand and supply theory, cost theories including sunk cost, opportunity cost and marginal cost, market competition including monopoly issues, factor income determination including labor union and externalities including environmental problems. In the macroeconomic fields, current economic topics related to the following theories will be covered: national income determination theory and money stock determination and interest rate determination in the financial market, macroeconomic policies.
1 2 ECO1007 Introductory Mathematics for Economists Compulsory General Studies 3-3-0
Provides students with basic mathematical tools necessary in the exposition of economic theories. Covers concepts and mathematical operations such as set, function, matrix, differentiation and integration, vector, linear transformation, and Taylor series expansions, exponential and logarithmic functions, and classical optimization theory.
1 2 GEN1093 Practical English Conversation 1 Compulsory General Studies 3-4-0
GEN 193 Practical English Conversation 1 The objective of this program is to develop communicative competence and motivation to communicate in English both inside and outside of the classroom. The rationale for the program is basically to provide students with a sound opportunity to develop the 4 language skills: listening, speaking, reading and writing. The proposed program combines spoken and reading components in a single class format with clear emphasis on spoken English; it utilizes a communicative approach, targeting spoken language skills in conjunction with reading skills, and reserving writing for homework (although minimal writing will be done in class). The 4 language skills will be integrated witin a well-conceived spoken English program which emphasizes speaking time in class.
1 2 LAW1053 Constitutional Law 1 Elective Major 3-4-0
LAW153 Constitutional Law1 General study of the theory of constitutional law, including such topics as civil rights, separation of powers, and the relationship between constitutionalism and democracy.
1 2 ECO1005 Introduction to Economic Statistics (Compulsory) Requirement in Fundamental Studies 3-3-0
General introduction to the theory and practice of probability models, random sampling, and statistical inference. Povides students with basic concepts and procedures in probability theory and statistical inference. Main topics include probability, random variables, expectation operator, distributions, random sample, point estimation, interval estimation and test of hypothesis. Contents covered in this course are essential in understanding econometrics.
1 2 ECO2024 English Readings in Current World Economy (Compulsory) Requirement in Fundamental Studies 3-3-0
This course is intended to show economics majoring students to understand the world economy in which the Korean economy is a part. Macroeconomic aspects of the economies of the countries such as The USA, EU, Japan and China and also the member countries of APEC and ASEM will be studied. Moreover, the current economic issues between the Korean economy and our partner-countries such as U.S., ASEAN, EU will be investigated. Students will be assigned to discuss some chosen wolrd economic issues in the classroom with a prepared paper which is to be produced by team work.
1 2 GEN1093 Practical English Conversation 1 (Compulsory) Requirement in Fundamental Studies 3-4-0
The objective of this program is to develop communicative competence and motivation to communicate in English both inside and outside of the classroom. The rationale for the program is basically to provide students with a sound opportunity to develop the 4 language skills: listening, speaking, reading and writing. The proposed program combines spoken and reading components in a single class format with clear emphasis on spoken English; it utilizes a communicative approach, targeting spoken language skills in conjunction with reading skills, and reserving writing for homework (although minimal writing will b done in class). The 4 language skills will be integrated witin a well-conceived spoken English program which emphasizes speaking time in class.
1 2 GEN4091 Philosophical Understanding of Science and Technology (Compulsory) Requirement in Fundamental Studies 2-2-0
This course aims to cultivate among students the comprehensive understanding of science and technology in modern society, employing philosophical methods and concepts. To do this, the course offers a survey of some important theoretical results recently obtained in science and technology studies. We will carefully examime a number of concrete case-studies, ranging from the electrification of America, quantum revolution to the introduction of western science to traditional Korea. We will then discuss the intrinsic nature of modern science and technology as well as its socio-cultural aspects in the context of modern society. Students who take the course shall appreciate how modern science and technology from the nineteenth century has come to manifest a number of unique characteristics, which can be clearly distinguished from the science and technology of even, the eighteenth century. We will discuss in the class the significance of this difference. The course will also highlights the importance of dialogue between experts with different background and encourage more interactions between humanities and natural sciences, so that we can make well-informed and reasonable decisions concerning complicated issues which are so common in our multi-layered society.
1 2 ECO1005 Introduction to Economic Statistics (Compulsory) Requirement in Fundamental Studies 3-3-0
General introduction to the theory and practice of probability models, random sampling, and statistical inference. Povides students with basic concepts and procedures in probability theory and statistical inference. Main topics include probability, random variables, expectation operator, distributions, random sample, point estimation, interval estimation and test of hypothesis. Contents covered in this course are essential in understanding econometrics.
1 2 ECO2024 English Readings in Current World Economy (Compulsory) Requirement in Fundamental Studies 3-3-0
This course is intended to show economics majoring students to understand the world economy in which the Korean economy is a part. Macroeconomic aspects of the economies of the countries such as The USA, EU, Japan and China and also the member countries of APEC and ASEM will be studied. Moreover, the current economic issues between the Korean economy and our partner-countries such as U.S., ASEAN, EU will be investigated. Students will be assigned to discuss some chosen wolrd economic issues in the classroom with a prepared paper which is to be produced by team work.
1 2 GEN4091 Philosophical Understanding of Science and Technology (Compulsory) Requirement in Fundamental Studies 2-2-0
His career as a wide range of knowledge and lessons learned in the previous semester plan to explore in depth the process. Employment working in the industry of major interest to seniors invited to hear the information about the industry to prepare for what you need to learn knowhow. In addition, students who already have a job that aim to visit seniors plan their careers and the skills necessary to equip determined to develop a career that any plan.
1 2 GEN6044 Hanyang Community Service (Compulsory) Requirement in Fundamental Studies 1-0-2
His career as a wide range of knowledge and lessons learned in the previous semester plan to explore in depth the process. Employment working in the industry of major interest to seniors invited to hear the information about the industry to prepare for what you need to learn knowhow. In addition, students who already have a job that aim to visit seniors plan their careers and the skills necessary to equip determined to develop a career that any plan.
1 2 CUL2046 Accounting Principle Core Major 3-3-0
The main purpose of this course is to study the role of accounting information in modern business, to understand the characteristics of accounting information, and to develop accounting information production abilities. The role of accounting is becoming increasingly important size is expanding. The purpose of accounting is to produce useful financial information for interested parties as well as for society members as a whole.
1 2 ECO1007 Introductory Mathematics for Economists (Compulsory) Requirement in Fundamental Studies 3-3-0
Provides students with basic mathematical tools necessary in the exposition of economic theories. Covers concepts and mathematical operations such as set, function, matrix, differentiation and integration, vector, linear transformation, and Taylor series expansions, exponential and logarithmic functions, and classical optimization theory.
1 2 ECO1020 INTRODUCTION TO ECONOMETRICS (Compulsory) Requirement in Fundamental Studies 3-3-0
Introductory Econometrics is a required course for all students of Economics and Finance. Students are to study concepts and tools of econometrics at the rudimentary level and apply them to economic data. Introduction to Economic Statistics is a pre-requisite while Econometrics and Forecasting in Financial Time Series are two elective sequels. Main topics of Introductory Econometrics are (1) the nature and the classification of economic data, (2) the structure of the regression model and the classification of variables, (3) standard linear regression models (SLRM), (4) ordinary least squares estimation (OLS), (5) maximum likelihood estimation (MLE), (6) hypothesis testing on the regression parameters, (7) hypothesis testing on the model specification, (8) generalized linear regression model (GLRM), (9) heteroskedasticity, (10) autocorrelation, and (11) discrete choice models. Since Introductory Econometrics is a basic-level course, the class instruction bases mostly on intuitive understanding and application of econometrics and seldomly on mathematical derivation and proofs.
1 2 GEN4091 Philosophical Understanding of Science and Technology (Compulsory) Requirement in Fundamental Studies 3-3-0
This course aims to survey some important theoretical results recently obtained in science and technology studies. We will carefully examine a number of concrete case studies studied by scholars from philosophy of science and technology, sociology of science and technology, and history of science and technology. The students taking the course shall learn various aspects of modern science and technology in the context of modern society. They shall appreciate how modern science and technology from the nineteenth century has come to manifest a number of its unique features, which can be clearly distinguished from the science and technology of even, the eighteenth century. We will discuss in the class the significance of differences for proper understanding of science and technology of our time. The course will also encourage more interactions between humanities and natural sciences so that we can make well-informed and reasonable decisions concerning complicated issues which are so common in our multi-layered society. The target audience of the course is students studying natural sciences and/or engineering. The contents of the course will be stylized each term, considering the student';s needs and backgrounds.
1 2 GEN6044 Hanyang Community Service (Compulsory) Requirement in Fundamental Studies 1-0-2
His career as a wide range of knowledge and lessons learned in the previous semester plan to explore in depth the process. Employment working in the industry of major interest to seniors invited to hear the information about the industry to prepare for what you need to learn knowhow. In addition, students who already have a job that aim to visit seniors plan their careers and the skills necessary to equip determined to develop a career that any plan.
1 2 CUL0011 Creative Computing Compulsory General Studies 3-1-2
For students of no experience in computer programming area, the fundamental concepts and the methods of application of a computer programming language will be studied and learned by going through a developing process of a simple computer game from the bottom using "Python", very easy programming language to start. By inducing students to discuss freely and have question and answer sessions briskly about questions coming to mind during developing computer programs in practice, students will acquire computer programming understandings. Then the purpose of this course is to develop their ability to produce creative ideas in fusion technique for their major area in highly information-oriented society.
1 2 ECO1005 Introduction to Economic Statistics Basic Major 3-3-0
This course covers contents that are essential to understanding econometrics. Major topics that will be presented are general introduction to the theory and practice of descriptive statistics, probability and probability distribution, random sampling, and statistical inference. Students will be exposed to basic concepts and procedures of data presentation, probability theory, and hypothesis testing. Key concepts include types of variables, data presentation using tables and graphs, numerical descriptive measures such as mean and standard deviation, probability, Bayes theorem, random variables, discrete and continuous probability distributions, random sample and sampling distribution, normal distribution, t-distribution, level of significance and confidence level, confidence interval, null and alternative hypotheses, test statistic, rejection region, type I and type II errors, p-value, one-tailed and two-tailed tests, and inference on population proportion. The topics on two-sample tests may also be discussed.
1 2 ECO1021 Financial Reporting and Analysis Core Major 3-3-0
This course introduces the concepts, purposes, problems, and terminologies related to financial reporting and financial analysis. The course demonstrates the importance of accuracy in financial reporting and the implications of financial decision making by external users of financial statements. Basic financial reporting standards and methodologies are introduced, as well as, basic financial analysis techniques.
1 2 GEN4091 Philosophical Understanding of Science and Technology Compulsory General Studies 3-3-0
This course aims to cultivate among students the comprehensive understanding of science and technology in modern society, employing philosophical methods and concepts. To do this, the course offers a survey of some important theoretical results recently obtained in science and technology studies. We will carefully examime a number of concrete case-studies, ranging from the electrification of America, quantum revolution to the introduction of western science to traditional Korea. We will then discuss the intrinsic nature of modern science and technology as well as its socio-cultural aspects in the context of modern society. Students who take the course shall appreciate how modern science and technology from the nineteenth century has come to manifest a number of unique characteristics, which can be clearly distinguished from the science and technology of even, the eighteenth century. We will discuss in the class the significance of this difference. The course will also highlights the importance of dialogue between experts with different background and encourage more interactions between humanities and natural sciences, so that we can make well-informed and reasonable decisions concerning complicated issues which are so common in our multi-layered society.
2 1 CUL2046 Accounting Principle Elective Major 3-3-0
CUL 246 Understanding Corporate Accounting Information The role of accounting becomes increasingly important as industry is developing and company size is expanding. The purpose of accounting is to produce useful financial information for those interested parties as well as for society as a whole. The main contents of this course are to study the role of accounting information in the mordern business, to understanding the characteristics of accounting information, and to develop accounting information production abilities.
2 1 ECO2005 English Readings in Modern Economics Elective Major 3-3-0
The aim of this course is to familarize students with current economic issues via English readings. Topics vary.
2 1 ECO2051 Macroeconomics Compulsory Major 3-3-0
2 1 ECO2053 Microeconomics Compulsory Major 3-3-0
2 1 ECO3007 Econometrics Compulsory Major 3-3-0
2 1 CUL2046 Accounting Principle Elective Major 3-3-0
CUL246 Understanding of Corporate Accounting The main purpose of this course is to study the role of accounting information in modern business, to understand the characteristics of accounting information, and to develop accounting information production abilities. The role of accounting is becoming increasingly important size is expanding. The purpose of accounting is to produce useful financial information for interested parties as well as for society members as a whole.
2 1 ECO2024 English Readings in Current World Economy Elective Major 3-3-0
This course is intended to show economics majoring students to understand the world economy in which the Korean economy is a part. Macroeconomic aspects of the economies of the countries such as APEC and ASEM will be studied. Moreover, the current economic issues between the Korean economy and our partner-countries such as U.S., ASEAN, EU will be investigated. Students will be assigned to choose one country and present a country report in the classroom.
2 1 ECO2028 Macroeconomics 1 : National Income & Price Level Compulsory Major 3-3-0
Teaches macroeconomic theory to explain the movement of macroeconomic variables such as national income, interest rate, unemployment, inflation, foreign exchange rate, current account balance and so on. Main contents include concepts and measurements of national income, IS-LM model, aggregate demand and supply, classical model, consumption theory, investment theory, money demand and supply, fiscal policy and monetary policy.
2 1 ECO2029 Microeconomics 1 : Consumer & Firm Behavior Compulsory Major 3-3-0
First course of a one-year microeconomics. Covers efficient distribution of resources under the market economy. Main topics include consumer theory, consumer choice under uncertainty, production and cost, profit maximization, and perfect competition.
2 1 ECO2030 History of World Economy Elective Major 3-3-0
Selected topics in World economic history with an emphasis on the causes and consequences of medieval commerce and modern economic growth in Britain, France, Germany, and America. Topics include agrarian change and impact, industrial technical change and impact, physical capital accumulation and finance, divisions of labor, human capital accumulation, and international trade and finance, Other topics will also be discussed such as British late 19th-century retardation, World War I, the Great Depression, and the international monetary/commerical policy in the post-war.
2 1 ECO2031 History of Economic Thoughts Compulsory Major 3-3-0
A survey of economic analysis covering from merchantilism to contemporary economic thought, concentrating on the 19th and 20th centuries; special attention to selected works of classical and neoclassical economists.
2 1 GEN0088 Introduction to Public Administration Elective Major 3-3-0
Introduction to Public Administration This subject introduces development of public administration, approach method, ideology of public administration and bureaucracy. We treat basic theoretical part of government organizations, personnel administrations, financial administrations and public policy.
2 1 CUL2046 Accounting Principle Core Major 3-3-0
The main purpose of this course is to study the role of accounting information in modern business, to understand the characteristics of accounting information, and to develop accounting information production abilities. The role of accounting is becoming increasingly important size is expanding. The purpose of accounting is to produce useful financial information for interested parties as well as for society members as a whole.
2 1 ECO2028 Macroeconomics 1 : National Income & Price Level Core Major 3-3-0
Teaches macroeconomic theory to explain the movement of macroeconomic variables such as national income, interest rate, unemployment, inflation, foreign exchange rate, current account balance and so on. Main contents include concepts and measurements of national income, IS-LM model, aggregate demand and supply, classical model, consumption theory, investment theory, money demand and supply, fiscal policy and monetary policy.
2 1 ECO2029 Microeconomics 1 : Consumer & Firm Behavior Core Major 3-3-0
First course of a one-year microeconomics. Covers efficient distribution of resources under the market economy. Main topics include consumer theory, consumer choice under uncertainty, production and cost, profit maximization, and perfect competition.
2 1 ECO2030 History of World Economy Core Major 3-3-0
Selected topics in World economic history with an emphasis on the causes and consequences of medieval commerce and modern economic growth in Britain, France, Germany, and America. Topics include agrarian change and impact, industrial technical change and impact, physical capital accumulation and finance, divisions of labor, human capital accumulation, and international trade and finance, Other topics will also be discussed such as British late 19th-century retardation, World War I, the Great Depression, and the international monetary/commerical policy in the post-war.
2 1 ECO2059 Finance Economics 1 Core Major 3-3-0
This course forms the basis of all the course in the field of financial economics. It will offer the framework to understand the concepts of the time value of cash flows, basic principles of corporate finance, financial products and markets, and basic investment analysis.
2 1 ECO3007 Econometrics Core Major 3-3-0
An extension of the concepts and tools covered in Introduction to Economic Statistics. Starting with estimation and test of hypothesis in the standard linear regression model, it further covers model specification, heteroskedasticity, autocorrelation, and multicollinearity. Expects that students learn to use an econometrics package such as EVIEWS, TSP or GAUSS and that they conduct a regression analysis using a real life economic data.
2 1 SYH0002 GLOBAL LEADERSHIP (Compulsory) Requirement in Fundamental Studies 2-2-0
Hanyang Leadership(HELP: Hanyang Essential Leadership Plus) is the leadership development program of Hanyang University that "helps" Hanyang students to be CEOs. The second step of this program, Hanyang Leadership(HELP2) is the core course for Sophomores. In the 21st century, we are moving into a global soceity where all countries are interconnected. Everything is changing at the speed of light. Competition is increasing. Digital Convergence is occurring. Global leaders are the key to success for all organizations. In a global soceity, you can prepare for your future through HELP2. The purpose of HELP is to prepare students to be global leaders for the next generation. HELP2 teaches students: Global Leadership, Global Paradigm, Global Literacy, Global Manners, and Global Mindset. Hanyang university students will be global leaders through HELP2.
2 1 CUL2046 Accounting Principle Core Major 3-3-0
The main purpose of this course is to study the role of accounting information in modern business, to understand the characteristics of accounting information, and to develop accounting information production abilities. The role of accounting is becoming increasingly important size is expanding. The purpose of accounting is to produce useful financial information for interested parties as well as for society members as a whole.
2 1 ECO2028 Macroeconomics 1 : National Income & Price Level Core Major 3-3-0
Teaches macroeconomic theory to explain the movement of macroeconomic variables such as national income, interest rate, unemployment, inflation, foreign exchange rate, current account balance and so on. Main contents include concepts and measurements of national income, IS-LM model, aggregate demand and supply, classical model, consumption theory, investment theory, money demand and supply, fiscal policy and monetary policy.
2 1 ECO2029 Microeconomics 1 : Consumer & Firm Behavior Core Major 3-3-0
First course of a one-year microeconomics. Covers efficient distribution of resources under the market economy. Main topics include consumer theory, consumer choice under uncertainty, production and cost, profit maximization, and perfect competition.
2 1 ECO2030 History of World Economy Core Major 3-3-0
Selected topics in World economic history with an emphasis on the causes and consequences of medieval commerce and modern economic growth in Britain, France, Germany, and America. Topics include agrarian change and impact, industrial technical change and impact, physical capital accumulation and finance, divisions of labor, human capital accumulation, and international trade and finance, Other topics will also be discussed such as British late 19th-century retardation, World War I, the Great Depression, and the international monetary/commerical policy in the post-war.
2 1 ECO2059 Finance Economics 1 Core Major 3-3-0
This course forms the basis of all the course in the field of financial economics. It will offer the framework to understand the concepts of the time value of cash flows, basic principles of corporate finance, financial products and markets, and basic investment analysis.
2 1 ECO3007 Econometrics Core Major 3-3-0
An extension of the concepts and tools covered in Introduction to Economic Statistics. Starting with estimation and test of hypothesis in the standard linear regression model, it further covers model specification, heteroskedasticity, autocorrelation, and multicollinearity. Expects that students learn to use an econometrics package such as EVIEWS, TSP or GAUSS and that they conduct a regression analysis using a real life economic data.
2 1 GEN6032 PROFESSIONAL ACADEMIC ENGLISH (Compulsory) Requirement in Fundamental Studies 3-4-0
The Professional Academic English for students at Hanyang University focuses on the development of the oral and written communication skills, which are required in the globalized world community. The course aims to help students develop the competencies that are required in their future studies and career: professional knowledge, interpersonal and communicative competences. The course requires the students to develop creative problem solving skills. For this, the students perform various tasks by investigating and analyzing engineering topics as well as developing solutions. The students’ communication and negotiation skills are systematically supported by language skill development such as learning academic forms and structures of the language that are used in formal oral presentations and essays. The expected course outcome is that students are able to write academic reports, participate in discussions and make oral presentations in English on their major topics. Throughout the course, the students are encouraged to explore various major-related topics, to conduct systematic problem analyses, and to collaborate for creative problem solutions. Classroom activities mainly focus on the oral presentation and writing skills, and the preparatory activities of the essay writing. The course requires the students to make three oral presentations and write three essays in English on their major-related topics. Students are required to make a portfolio of their work, to be submitted and assessed. This will be discussed in class.
2 1 ECO2028 Macroeconomics 1 : National Income & Price Level Core Major 3-3-0
Teaches macroeconomic theory to explain the movement of macroeconomic variables such as national income, interest rate, unemployment, inflation, foreign exchange rate, current account balance and so on. Main contents include concepts and measurements of national income, IS-LM model, aggregate demand and supply, classical model, consumption theory, investment theory, money demand and supply, fiscal policy and monetary policy.
2 1 ECO2029 Microeconomics 1 : Consumer & Firm Behavior Core Major 3-3-0
First course of a one-year microeconomics. Covers efficient distribution of resources under the market economy. Main topics include consumer theory, consumer choice under uncertainty, production and cost, profit maximization, and perfect competition.
2 1 ECO2030 History of World Economy Core Major 3-3-0
History of world Economy is one main stream opened by economic department, which anlayze the economic life of human beings systematically. Therefore this subject prospects from the daily episodes to the historical episodes such as wars, persons and nations, which changed and impacted the economic streams. Selected topics in World economic history with an emphasis on the causes and consequences of medieval commerce and modern economic growth in Britain, France, Germany, and America. Topics include agrarian change and impact, industrial technical change and impact, physical capital accumulation and finance, divisions of labor, human capital accumulation, and international trade and finance, Other topics will also be discussed such as British late 19th-century retardation, World War I, the Great Depression, and the international monetary/commerical policy in the post-war.
2 1 ECO2059 Finance Economics 1 Core Major 3-3-0
This course forms the basis of all the course in the field of financial economics. It will offer the framework to understand the concepts of the time value of cash flows, basic principles of corporate finance, financial products and markets, and basic investment analysis.
2 1 GEN6032 PROFESSIONAL ACADEMIC ENGLISH (Compulsory) Requirement in Fundamental Studies 3-3-0
The Professional Academic English for students at Hanyang University focuses on the development of the oral and written communication skills, which are required in the globalized world community. The course aims to help students develop the competencies that are required in their future studies and career: professional knowledge, interpersonal and communicative competences. The course requires the students to develop creative problem solving skills. For this, the students perform various tasks by investigating and analyzing engineering topics as well as developing solutions. The students’ communication and negotiation skills are systematically supported by language skill development such as learning academic forms and structures of the language that are used in formal oral presentations and essays. The expected course outcome is that students are able to write academic reports, participate in discussions and make oral presentations in English on their major topics. Throughout the course, the students are encouraged to explore various major-related topics, to conduct systematic problem analyses, and to collaborate for creative problem solutions. Classroom activities mainly focus on the oral presentation and writing skills, and the preparatory activities of the essay writing. The course requires the students to make three oral presentations and write three essays in English on their major-related topics. Students are required to make a portfolio of their work, to be submitted and assessed. This will be discussed in class. Professional Academic English (PAE) is a required course for all HYU students that develops students’ academic presentation and writing skills using major-related content. Instruction will focus on the concepts and strategies needed in order to both organize and deliver a presentation, along with informal and formal opportunities to practice them. Students will also learn to improve their academic writing through assignments that require the dem
2 1 ECO2028 Macroeconomics 1 : National Income & Price Level Basic Major 3-3-0
Teaches macroeconomic theory to explain the movement of macroeconomic variables such as national income, interest rate, unemployment, inflation, foreign exchange rate, current account balance and so on. Main contents include concepts and measurements of national income, IS-LM model, aggregate demand and supply, classical model, consumption theory, investment theory, money demand and supply, fiscal policy and monetary policy.
2 1 ECO2029 Microeconomics 1 : Consumer & Firm Behavior Basic Major 3-3-0
This is the first course of a one-year microeconomics sequence, in which students will be exposed to a rigorous but largely intuitive development of the foundational concepts in microeconomics. Main topics covered in this first course of the sequence include consumer theory, producer theory, and a perfectly competitive market (i.e., how rational consumers and producers would behave and what would happen in a perfectly competitive market where their demand and supply decisions are aggregated). While this one-year microeconomics sequence heavily relies on the use of intuitive and graphical analysis, it also prepares students for more advanced courses in upper years by presenting mathematical tools that are required in advanced economics courses offered in upper years. Students are expected to have a basic understanding of calculus. Prerequisite: Introductory Mathematics for Economists
2 1 ECO2030 History of World Economy Core Major 3-3-0
History of world Economy is one main stream opened by economic department, which anlayze the economic life of human beings systematically. Therefore this subject prospects from the daily episodes to the historical episodes such as wars, persons and nations, which changed and impacted the economic streams. Selected topics in World economic history with an emphasis on the causes and consequences of medieval commerce and modern economic growth in Britain, France, Germany, and America. Topics include agrarian change and impact, industrial technical change and impact, physical capital accumulation and finance, divisions of labor, human capital accumulation, and international trade and finance, Other topics will also be discussed such as British late 19th-century retardation, World War I, the Great Depression, and the international monetary/commerical policy in the post-war.
2 1 ECO3007 Econometrics Basic Major 3-3-0
The Econometrics course aims to extend the concepts and tools developed in Introduction to Economics Statistics course. The main purpose of this course is to teach students statistical methods and practices to analyze economic data. This course will emphasize both theoretical and practical side of the subject. Starting with estimation and test of hypotheses in the standard linear regression model, the class further covers model specification, heteroscedasticity, autocorrelation, and multicollinearity. Students who are taking this course are expected to learn and use statistical package such as STATA, R, or GAUSS. Throughout the semester, students will use these statistical packages extensively to implement many estimation and testing procedures, and they will be actively involved in computer exercises with real data. Prerequisite: Introduction to Economics Statistics
2 1 GEN6032 PROFESSIONAL ACADEMIC ENGLISH Compulsory General Studies 3-3-0
The Professional Academic English for students at Hanyang University focuses on the development of the oral and written communication skills, which are required in the globalized world community. The course aims to help students develop the competencies that are required in their future studies and career: professional knowledge, interpersonal and communicative competences. The course requires the students to develop creative problem solving skills. For this, the students perform various tasks by investigating and analyzing engineering topics as well as developing solutions. The students’ communication and negotiation skills are systematically supported by language skill development such as learning academic forms and structures of the language that are used in formal oral presentations and essays. The expected course outcome is that students are able to write academic reports, participate in discussions and make oral presentations in English on their major topics. Throughout the course, the students are encouraged to explore various major-related topics, to conduct systematic problem analyses, and to collaborate for creative problem solutions. Classroom activities mainly focus on the oral presentation and writing skills, and the preparatory activities of the essay writing. The course requires the students to make three oral presentations and write three essays in English on their major-related topics. Students are required to make a portfolio of their work, to be submitted and assessed. This will be discussed in class.
2 2 ECO2006 History of World Economy Elective Major 3-3-0
Selected topics in World economic history with an emphasis on the causes and consequences of medieval commerce and modern economic growth in Britain, France, Germany, and America. Topics include agrarian change and impact, industrial technical change and impact, physical capital accumulation and finance, divisions of labor, human capital accumulation, and international trade and finance, Other topics will also be discussed such as British late 19th-century retardation, World War I, the Great Depression, and the international monetary/commerical policy in the post-war.
2 2 ECO2010 Economic Growth Theory Elective Major 3-3-0
This course presents the analysis of econmic growth theory with a current events perspective. The primary focus will be centered on: (1)the nature of GDP; (2)the nature of the business cycle and forecasting; (3)the role of investements in business fluctuations; (4)major determinants of economic growth; (5)empirical facts about economic growth; and (6)various economic growth theories.
2 2 ECO2021 Economic Time Series Analysis Elective Major 3-3-0
2 2 ECO3003 Money and Banking Compulsory Major 3-3-0
2 2 ECO3006 English Readings in Classical Economics Elective Major 3-3-0
The aim of this course is to familiarize students with economic principles via reading classical economics literature.
2 2 ECO4018 Welfare Economics Elective Major 3-3-0
this course deals with the optimal allocation of resources in an economic society using a set of propositions suggested for the maximization of society utility or welfare.
2 2 ECO2032 Macroeconomics 2 : Business Cycles & Economic Elective Major 3-3-0
Application of the tools of economic analysis to better understanding the process of economic growth. Main contents include the Solow growth model, empirical applications of neoclassical growth models, ideas, technological progress and economic growth, endogenous growth models, the Romer growth model, technology transfer, development and growth, and AK models.
2 2 ECO2033 Microeconomics 2 : Market Structure & Welfare Elective Major 3-3-0
A course includes the topics related to the factor market as well as factor supply curve, general equilibruim model, welfare economics, social choice theory , public goods, externality, and information economics so on.
2 2 ECO2035 Game Theory & Its Applications Elective Major 3-3-0
Introduction to the game theoretic approach to economic analysis. Topics include extensive and normal form games, games with imperfect information or incomplete information, and repeated games. Also the course covers the application of the game theory models on bargaining. adverse selection and moral hazard.
2 2 ECO2059 Finance Economics 1 Elective Major 3-3-0
This course provides a general survey of the four basic field, including the time value of money, the basic principles of corporate finance, financial instruments and markets, and basic investment analysis. The time value of money includes the present value and the future value of various cash flows. Corporate finance covers the topics of the objective of financial management, valuation of the firm, capital budgeting, cost of capital, and capital structure. Financial instruments and markets include money markets, stocks, bonds, derivatives, and financial markets. Investment analysis covers the topics of the introductory levels of portfolio theory and asset pricing models.
2 2 ECO3003 Money and Banking Compulsory Major 3-3-0
Money and Banking covers two distinct and yet closely-related two fields of economics: banking and monetary theories. In the Banking part, the financial system including financial markets, financial instutitions and financial products and the short-term interest rate determination in the financial markets is investigated. The main focus will be placed on the financial system and specially the Korean financial system. In the Monetary Theory part, attempts will be made on the clarification of the theoretical and empirical relationship between money and other macroeconomic variables such as national income, price level, interest rate, and employment. Covers such topics as the definitions of money, quantity theory of money, national income determination, effectiveness and limitation of fiscal policy.
2 2 ECO3007 Econometrics Compulsory Major 3-3-0
An extension of the concepts and tools covered in Introduction to Economic Statistics. Starting with estimation and test of hypothesis in the standard linear regression model, it further covers model specification, heteroskedasticity, autocorrelation, and multicollinearity. Expects that students learn to use an econometrics package such as EVIEWS, TSP or GAUSS and that they conduct a regression analysis using a real life economic data.
2 2 ECO4014 Modern Economic Thoughts Elective Major 3-3-0
A survey of the theories of contemporary economics including neo-Marxism, neo-institutionalism, with reference to property right / transition cost, and constitutional economics in its inter-relation with ordo-liberalism.
2 2 ECO2032 Macroeconomics 2 : Business Cycles & Economic Core Major 3-3-0
Application of the tools of economic analysis to better understanding the process of economic growth. Main contents include the Solow growth model, empirical applications of neoclassical growth models, ideas, technological progress and economic growth, endogenous growth models, the Romer growth model, technology transfer, development and growth, and AK models.
2 2 ECO2033 Microeconomics 2 : Market Structure & Welfare Core Major 3-3-0
A course includes the topics related to the factor market as well as factor supply curve, general equilibruim model, welfare economics, social choice theory , public goods, externality, and information economics so on.
2 2 ECO2035 Game Theory & Its Applications Core Major 3-3-0
Introduction to the game theoretic approach to economic analysis. Topics include extensive and normal form games, games with imperfect information or incomplete information, and repeated games. Also the course covers the application of the game theory models on bargaining. adverse selection and moral hazard.
2 2 ECO2061 FINANCIAL TIME SERIES MODELING AND FORECASTING Core Major 3-3-0
This course covers issues in modeling and forecasting of financial time-series such as interest rate, exchange rate and asset returns. An ARIMA model, volatility model, vector autoregressive model, vector error correction model, state-space model and regime-switching model are considered. In particular a special attention is paid to the practical problems such as computing the major input parameters for risk management and asset allocation by using the financial time-series models.
2 2 ECO2062 Finance Economics 2 Core Major 3-3-0
This course aims to provide students with an in-depth understanding of corporate finance. Students will be exposed to key financial issues faced by modern-day finance managers of corporations both in theoretic and practical point of view.
2 2 ECO3003 Money and Banking Core Major 3-3-0
Money and Banking covers two distinct and yet closely-related two fields of economics: banking and monetary theories. In the Banking part, the financial system including financial markets, financial instutitions and financial products and the short-term interest rate determination in the financial markets is investigated. The main focus will be placed on the financial system and specially the Korean financial system. In the Monetary Theory part, attempts will be made on the clarification of the theoretical and empirical relationship between money and other macroeconomic variables such as national income, price level, interest rate, and employment. Covers such topics as the definitions of money, quantity theory of money, national income determination, effectiveness and limitation of fiscal policy.
2 2 ECO2032 Macroeconomics 2 : Business Cycles & Economic Core Major 3-3-0
Application of the tools of economic analysis to better understanding the process of economic growth. Main contents include the Solow growth model, empirical applications of neoclassical growth models, ideas, technological progress and economic growth, endogenous growth models, the Romer growth model, technology transfer, development and growth, and AK models.
2 2 ECO2033 Microeconomics 2 : Market Structure & Welfare Core Major 3-3-0
A course includes the topics related to the factor market as well as factor supply curve, general equilibruim model, welfare economics, social choice theory , public goods, externality, and information economics so on.
2 2 ECO2035 Game Theory & Its Applications Core Major 3-3-0
Introduction to the game theoretic approach to economic analysis. Topics include extensive and normal form games, games with imperfect information or incomplete information, and repeated games. Also the course covers the application of the game theory models on bargaining. adverse selection and moral hazard.
2 2 ECO2061 FINANCIAL TIME SERIES MODELING AND FORECASTING Core Major 3-3-0
This course covers issues in modeling and forecasting of financial time-series such as interest rate, exchange rate and asset returns. An ARIMA model, volatility model, vector autoregressive model, vector error correction model, state-space model and regime-switching model are considered. In particular a special attention is paid to the practical problems such as computing the major input parameters for risk management and asset allocation by using the financial time-series models.
2 2 ECO2062 Finance Economics 2 Core Major 3-3-0
This course aims to provide students with an in-depth understanding of corporate finance. Students will be exposed to key financial issues faced by modern-day finance managers of corporations both in theoretic and practical point of view.
2 2 ECO3003 Money and Banking Core Major 3-3-0
Money and Banking covers two distinct and yet closely-related two fields of economics: banking and monetary theories. In the Banking part, the financial system including financial markets, financial instutitions and financial products and the short-term interest rate determination in the financial markets is investigated. The main focus will be placed on the financial system and specially the Korean financial system. In the Monetary Theory part, attempts will be made on the clarification of the theoretical and empirical relationship between money and other macroeconomic variables such as national income, price level, interest rate, and employment. Covers such topics as the definitions of money, quantity theory of money, national income determination, effectiveness and limitation of fiscal policy.
2 2 SYH0002 GLOBAL LEADERSHIP (Compulsory) Requirement in Fundamental Studies 2-2-0
Hanyang Leadership(HELP: Hanyang Essential Leadership Plus) is the leadership development program of Hanyang University that "helps" Hanyang students to be CEOs. The second step of this program, Global Leadership(HELP2) is the core course for sophomores. In the 21st century, we are moving into a global society where all countries are interconnected. Everything is changing at the speed of light. Competition is increasing. Digital convergence is occurring. Global leaders are the key to success for all organizations. In the global society, you can prepare for your future through HELP2. The purpose of HELP is to prepare students to be global leaders for the next generation. HELP2 teaches students: Global Leadership, Global Paradigm, Global Literacy, Global Manners and Global Mindset. Hanyang University students will be global leaders through HELP2.
2 2 ECO2032 Macroeconomics 2 : Business Cycles & Economic Core Major 3-3-0
Application of the tools of economic analysis to better understanding the process of economic growth. Main contents include the Solow growth model, empirical applications of neoclassical growth models, ideas, technological progress and economic growth, endogenous growth models, the Romer growth model, technology transfer, development and growth, and AK models.
2 2 ECO2033 Microeconomics 2 : Market Structure & Welfare Core Major 3-3-0
A course includes the topics related to the factor market as well as factor supply curve, general equilibruim model, welfare economics, social choice theory , public goods, externality, and information economics so on.
2 2 ECO2062 Finance Economics 2 Core Major 3-3-0
This course aims to provide students with an in-depth understanding of corporate finance. Students will be exposed to key financial issues faced by modern-day finance managers of corporations both in theoretic and practical point of view.
2 2 ECO3003 Money and Banking Core Major 3-3-0
Money and Banking covers two distinct and yet closely-related two fields of economics: banking and monetary theories. In the Banking part, the financial system including financial markets, financial instutitions and financial products and the short-term interest rate determination in the financial markets is investigated. The main focus will be placed on the financial system and specially the Korean financial system. In the Monetary Theory part, attempts will be made on the clarification of the theoretical and empirical relationship between money and other macroeconomic variables such as national income, price level, interest rate, and employment. Covers such topics as the definitions of money, quantity theory of money, national income determination, effectiveness and limitation of fiscal policy.
2 2 SYH0002 GLOBAL LEADERSHIP (Compulsory) Requirement in Fundamental Studies 2-2-0
Hanyang Leadership(HELP: Hanyang Essential Leadership Plus) is the leadership development program of Hanyang University that "helps" Hanyang students to be CEOs. The second step of this program, Global Leadership(HELP2) is the core course for sophomores. In the 21st century, we are moving into a global society where all countries are interconnected. Everything is changing at the speed of light. Competition is increasing. Digital convergence is occurring. Global leaders are the key to success for all organizations. In the global society, you can prepare for your future through HELP2. The purpose of HELP is to prepare students to be global leaders for the next generation. HELP2 teaches students: Global Leadership, Global Paradigm, Global Literacy, Global Manners and Global Mindset. Hanyang University students will be global leaders through HELP2.
2 2 ECO2032 Macroeconomics 2 : Business Cycles & Economic Core Major 3-3-0
‘Macroeconomics 2: Business Cycles & Economic’ introduces students an intermediate level of macroeconomic analysis. In comparison to the introductory macroeconomic courses, the course is intended to cover more advanced topics in various areas of macroeconomic theories and applications. The emphasis of the course is on the study of the structure and performance of national economies and the policies that governments use to try to affect economic performance. In addition, developing skills essential to empirical analysis of macroeconomic models and policies will be an important part of the course. The specific topics of the course include: Classical vs. Keynesian macroeconomics, asset pricing and monetary policies, and long-run economic growth including the Solow and endogenous growth models and modern empirical macroeconomics.
2 2 ECO2033 Microeconomics 2 : Market Structure & Welfare Core Major 3-3-0
This is the second course of a one-year microeconomics sequence, in which students will be exposed to a rigorous but largely intuitive development of the foundational concepts in microeconomics. Main topics covered in this second course of the sequence include fundamental theorems of welfare economics and several examples of market failures. In particular, this course examines under what conditions a perfectly competitive market leads to an efficient market outcome, and how the violation of these conditions results in an inefficient market outcome. Specific examples of the market failures covered in this course include monopoly, oligopoly, externality, public goods, and information asymmetry. While this one-year microeconomics sequence heavily relies on the use of intuitive and graphical analysis, it also prepares students for more advanced courses in upper years by presenting mathematical tools that are required in more advanced economics courses offered in upper years. Students are expected to have a basic understanding of calculus. Prerequisite: Introductory Mathematics for Economists, Microeconomics 1: Consumer & Firm Behavior
2 2 ECO2059 Finance Economics Basic Major 3-3-0
This course offers the framework to understand the concepts of the time value of cash flows, basic principles and intermediate level techniques in corporate finance, financial products and markets, and basic investment analysis. Main topics include: time value of money (present value, future value, discount rate and annuity), capital budgeting (net present value, internal rate of return and profitability index), Portfolio Theory (risk and return, diversification and portfolio risk and efficient frontier), Capital Asset Pricing Model (beta and systematic risk, capital market line and risk premium), and capital structure (cost of capital, Modigliani-Miller hypothesis, degrees of operating and financial leverage). Students in this course will be exposed to key financial issues faced by modern-day finance managers of corporations in both theoretic and practical point of view.
2 2 ECO3003 Money and Banking Core Major 3-3-0
The course will examine how financial markets such as those for bonds, stocks, foreign exchange, financial institutions such as banks, insurance companies, mutual funds, and other institutions work and explore the role of monetary policy in macroeconomic stabilization and economic growth. Financial markets and institutions not only affect people's’ everyday life but also involve flows of an enormous amount of funds throughout the economy, which in turn affect business profits, the production of goods and services, and even the economic well-being of other countries. Money is linked to changes in economic variables (e.g., interest rates and GDP) that affect all the people and are important to health of the economy. Therefore, the study of money, banking, and financial markets will reward students with an understanding of many exciting issues regarding them. Prerequisite: Macroeconomics I and II
2 2 SYH0002 GLOBAL LEADERSHIP Compulsory General Studies 2-2-0
Hanyang Leadership(HELP: Hanyang Essential Leadership Plus) is the leadership development program of Hanyang University that "helps" Hanyang students to be CEOs. The second step of this program, Hanyang Leadership(HELP2) is the core course for Sophomores. In the 21st century, we are moving into a global soceity where all countries are interconnected. Everything is changing at the speed of light. Competition is increasing. Digital Convergence is occurring. Global leaders are the key to success for all organizations. In a global soceity, you can prepare for your future through HELP2. The purpose of HELP is to prepare students to be global leaders for the next generation. HELP2 teaches students: Global Leadership, Global Paradigm, Global Literacy, Global Manners, and Global Mindset. Hanyang university students will be global leaders through HELP2.
3 1 ECO3001 Mathematical Economics Elective Major 3-3-0
3 1 ECO3002 Public Finance Elective Major 3-3-0
Examines the design and implementation of taxation policies. Focuses on the development of theoretical and applied techniques for identifying and evaluating the impact of alternative tax policies on the economy's resource allocation, income distribution, capital formation, inflation, and the behavior of state-owned and privately owned enterprises. Covers the alternative systems for direct and indirect taxation as well as taxes, tariffs, and subsidies.
3 1 ECO3004 History of Economics Thoughts Compulsory Major 3-3-0
3 1 ECO3008 Labor Economics Elective Major 3-3-0
First semester of a two-semester sequence in the labor/welfare module. Applies the theory and elementary tools of economics to the characteristics and problems of the labor market. Presents relevant empirical evidence, and discusses applications to such policy issues as the work incentive effects of income maintenance programs and the employment effects of minimum wage legislation. Introduces the methodologies used by economists to evaluate the impacts of various labor market policies and social-action programs and legislation. Includes international comparisons of the characteristics of the labor market and government labor policies. Topics covered include the demand and supply of labor, minimum wages and income maintenance programs, investment in human capital, compensating wage differentials and the efficiency of labor markets, economics of gender and anti-discrimination policies, historical development, functions, legal framework, and economic effects of unions and collective bargaining, the distribution of income, and unemployment and measures to assist the (long-term) unemployed.
3 1 ECO3014 Industrial Organization Elective Major 3-3-0
3 1 ECO3022 Financial Economics Elective Major 3-3-0
3 1 ECO4001 Economic Policy Elective Major 3-3-0
Application of economic analysis to selected contemporary economic problems; processes of policy formulation; implementation and assessments; advantages and disadvantages of fiscal and monetary policies; trade and international finance policies.
3 1 BUS3059 THEORY OF INVESTMENT Elective Major 3-3-0
This course provides students with a detailed understanding of how security market operates, how capital markets price securities, how investors efficiently combine assets into portfolios and set effective investment strategies. Also, this covers risk-return relationship, risk diversification, market efficiency hypotheses and tests, investment performance evaluation, security analysis, bond pricing and bond portfolio management, term structure of interest rates, and option strategies and pricing models.
3 1 ECO3001 Mathematical Economics Elective Major 3-3-0
Deals with mathematics for economists. Topics include set theory, linear algebra, optimization without contraint as well as with constraint, game theory, so on.
3 1 ECO3008 Labor Economics Elective Major 3-3-0
First semester of a two-semester sequence in the labor/welfare module. Applies the theory and elementary tools of economics to the characteristics and problems of the labor market. Presents relevant empirical evidence, and discusses applications to such policy issues as the work incentive effects of income maintenance programs and the employment effects of minimum wage legislation. Introduces the methodologies used by economists to evaluate the impacts of various labor market policies and social-action programs and legislation. Includes international comparisons of the characteristics of the labor market and government labor policies. Topics covered include the demand and supply of labor, minimum wages and income maintenance programs, investment in human capital, compensating wage differentials and the efficiency of labor markets, economics of gender and anti-discrimination policies, historical development, functions, legal framework, and economic effects of unions and collective bargaining, the distribution of income, and unemployment and measures to assist the (long-term) unemployed.
3 1 ECO3030 Digital Economics Elective Major 3-3-0
The course includes the topics related to the status of digital economy, definition of digital economics, the role of digital economy on the national economic growth, externality of digital economy, role of innovation on the digital economy and demand and supply model in a digital economy.
3 1 ECO3033 Financial Markets & Financial Products Elective Major 3-3-0
An introduction to financial economics emphasizing discrete-time models and empirical applications. Topics include econometric analysis of asset returns, static and intertemporal asset pricing models, present value relations, and the term structure of interest rates.
3 1 ECO3045 Public Economics 1 : Taxation Elective Major 3-3-0
Examines the design and implementation of taxation policies. Focuses on the development of theoretical and applied techniques for identifying and evaluating the impact of alternative tax policies on the economy's resource allocation, income distribution, capital formation, inflation, and the behavior of state-owned and privately owned enterprises. Covers the alternative systems for direct and indirect taxation as well as taxes, tariffs, and subsidies.
3 1 ECO3046 Financial Time Series Analysis Elective Major 3-3-0
An introduction to current research in macroeconomic and financial time series econometrics. Theoretical and empirical topics include ARIMA, vector autoregressions, and integrated and cointegrated time series models. Includes regular computer exercises using standard econometric packages.
3 1 ECO3068 Industrial Organization & Fair Trade Elective Major 3-3-0
This course deals with the structure of modern industries and how it affects their performance. Specific subjects includes the horizontal competitive relationship among the firms in the same industry and the vertical relationship between firms in different stages of production.
3 1 ECO4058 Financial Information and Technology Elective Major 3-3-0
Financial IT aims at learning the complete process of designing and implementing the economic and financial decision support system and linking the advances in economic and financial theory to practice. To achieve this goal, the class is expected to learn several important IT tools such as Visual Basic, C/C++ programming language, Oracle/Access database, matrix language, and commercial and generic libraries. Furthermore, the class will learn how to design and code the Windows-based user interface. In addition to learning IT tools, the course covers how to analyse and implement important economic and financial problems such as optimal asset allocation, bond pricing, and the measurement of credit risks and the data manipulation.
3 1 BUS3059 THEORY OF INVESTMENT Core Major 3-3-0
This course provides students with a detailed understanding of how security market operates, how capital markets price securities, how investors efficiently combine assets into portfolios and set effective investment strategies. Also, this covers risk-return relationship, risk diversification, market efficiency hypotheses and tests, investment performance evaluation, security analysis, bond pricing and bond portfolio management, term structure of interest rates, and option strategies and pricing models.
3 1 ECO2031 History of Economic Thoughts Core Major 3-3-0
A survey of economic analysis covering from merchantilism to contemporary economic thought, concentrating on the 19th and 20th centuries; special attention to selected works of classical and neoclassical economists.
3 1 ECO3008 Labor Economics Core Major 3-3-0
First semester of a two-semester sequence in the labor/welfare module. Applies the theory and elementary tools of economics to the characteristics and problems of the labor market. Presents relevant empirical evidence, and discusses applications to such policy issues as the work incentive effects of income maintenance programs and the employment effects of minimum wage legislation. Introduces the methodologies used by economists to evaluate the impacts of various labor market policies and social-action programs and legislation. Includes international comparisons of the characteristics of the labor market and government labor policies. Topics covered include the demand and supply of labor, minimum wages and income maintenance programs, investment in human capital, compensating wage differentials and the efficiency of labor markets, economics of gender and anti-discrimination policies, historical development, functions, legal framework, and economic effects of unions and collective bargaining, the distribution of income, and unemployment and measures to assist the (long-term) unemployed.
3 1 ECO3045 Public Economics 1 : Taxation Core Major 3-3-0
Examines the design and implementation of taxation policies. Focuses on the development of theoretical and applied techniques for identifying and evaluating the impact of alternative tax policies on the economy's resource allocation, income distribution, capital formation, inflation, and the behavior of state-owned and privately owned enterprises. Covers the alternative systems for direct and indirect taxation as well as taxes, tariffs, and subsidies.
3 1 ECO3068 Industrial Organization & Fair Trade Core Major 3-3-0
This course deals with the structure of modern industries and how it affects their performance. Specific subjects includes the horizontal competitive relationship among the firms in the same industry and the vertical relationship between firms in different stages of production.
3 1 ECO3076 FINANCIAL IT Extended Major 3-3-0
This course learns the methods of developing Windows OS-based or internet-based financial solutions by applying financial economic and econometric knowledge. For this task, class will learn tools such as EXCEL, Visual Basic, C/C++, ASP, DLL, COM and apply them to the real life financial problems.
3 1 ECO4003 International Finance Core Major 3-3-0
The economic relationship between residents and non-residents will be investigated. Balance of payments, institutional setting of foreign exchange markets will be studied. Then theoretical determination of foreign exchange rate, short-term and long-term, will be investigated. Then international imbalance and the policy measurement will be studied. Then the macroeconomic policy and effects on the macroeconomic variables will be studied in the open macroeconomic settings. Lastly international monetary institutions such as IMF and EMU based on the optimal currency area will be studied.
3 1 ECO4049 International Economic Relations Core Major 3-3-0
Understanding how international economic relations are working with a special focus on institutional aspects of prevailing international economic order. Main topics include International financial institutions and the new international financial architecture, the WTO and the New Round, regional economic cooperation, APEC, EU, ASEAN, NAFTA, OECD, etc.
3 1 ECO2031 History of Economic Thoughts Core Major 3-3-0
A survey of economic analysis covering from merchantilism to contemporary economic thought, concentrating on the 19th and 20th centuries; special attention to selected works of classical and neoclassical economists.
3 1 ECO3008 Labor Economics Core Major 3-3-0
First semester of a two-semester sequence in the labor/welfare module. Applies the theory and elementary tools of economics to the characteristics and problems of the labor market. Presents relevant empirical evidence, and discusses applications to such policy issues as the work incentive effects of income maintenance programs and the employment effects of minimum wage legislation. Introduces the methodologies used by economists to evaluate the impacts of various labor market policies and social-action programs and legislation. Includes international comparisons of the characteristics of the labor market and government labor policies. Topics covered include the demand and supply of labor, minimum wages and income maintenance programs, investment in human capital, compensating wage differentials and the efficiency of labor markets, economics of gender and anti-discrimination policies, historical development, functions, legal framework, and economic effects of unions and collective bargaining, the distribution of income, and unemployment and measures to assist the (long-term) unemployed.
3 1 ECO3045 Public Economics 1 : Taxation Core Major 3-3-0
Examines the design and implementation of taxation policies. Focuses on the development of theoretical and applied techniques for identifying and evaluating the impact of alternative tax policies on the economy's resource allocation, income distribution, capital formation, inflation, and the behavior of state-owned and privately owned enterprises. Covers the alternative systems for direct and indirect taxation as well as taxes, tariffs, and subsidies.
3 1 ECO3068 Industrial Organization & Fair Trade Core Major 3-3-0
This course deals with the structure of modern industries and how it affects their performance. Specific subjects includes the horizontal competitive relationship among the firms in the same industry and the vertical relationship between firms in different stages of production.
3 1 ECO3076 FINANCIAL IT Extended Major 3-3-0
This course learns the methods of developing Windows OS-based or internet-based financial solutions by applying financial economic and econometric knowledge. For this task, class will learn tools such as EXCEL, Visual Basic, C/C++, ASP, DLL, COM and apply them to the real life financial problems.
3 1 ECO3080 THEORY OF INVESTMENT Core Major 3-3-0
This course studies how the security market works, how the assets are priced, and how the investors form an efficient portfolio. The topics covered include tradeoff between return and risk, efficient market hypothesis, portfolio performance evaluation, security analysis, bond markets, term structure of interest rates, and financial derivatives.
3 1 ECO3086 ADVANCED FINANCIAL THEORY AND PRACTICES Extended Major 3-3-0
This course is for students who want a professional career in commercial banks, in vestment banks, asset management banks etc. Specifically, this course is for those who want to become equity analysts, fixed income securities professionals, financial risk managers, fund managers etc. More specifically, this course is for those who want to get financial professional licenses such as chartered financial analysts(C.F.A.), financial risk managers(F.R.M.) etc, which are internationally recognized. The course is concerned with advanced finance theories and practices about those materials. Students will be given opportunities to meet those financial professionals currently active in Korean financial markets.
3 1 ECO3087 Law and Economic Theory Extended Major 3-3-0
This course is aimed at providing an economic framework for understanding legal rules and institutions. In recent years, it has been proven that economics is an effective tool for understanding how the law influences individual behavior and for evaluating how legal rules may be designed and enforced. The current course will provide an opportunity for students to lean some of these tools. Specifically, topics that will be discussed in the course are property, contracts and torts. In each topic, we will provide economic analysis on how various legal rules affect the incentives of individuals and what their welfare implications are. Students are expected to have knowledge of intermediate microeconomics and basic game theory.
3 1 ECO4003 International Finance Core Major 3-3-0
The economic relationship between residents and non-residents will be investigated. Balance of payments, institutional setting of foreign exchange markets will be studied. Then theoretical determination of foreign exchange rate, short-term and long-term, will be investigated. Then international imbalance and the policy measurement will be studied. Then the macroeconomic policy and effects on the macroeconomic variables will be studied in the open macroeconomic settings. Lastly international monetary institutions such as IMF and EMU based on the optimal currency area will be studied.
3 1 ECO4049 International Economic Relations Core Major 3-3-0
Understanding how international economic relations are working with a special focus on institutional aspects of prevailing international economic order. Main topics include International financial institutions and the new international financial architecture, the WTO and the New Round, regional economic cooperation etc.
3 1 GEN6094 Fieldwork 1 Extended Major 3-0-3
This course offers an internship opportunity at the various institutions. The qualification for the admission to the class includes the completion of several classes such as econometrics, financial time series analysis, corporate finance, financial IT, and financial consulting as prerequisites. The internship period is four weeks at the field on full-time basis during January through February. All participating students must attend 7 week long training course prior to the internship assignment. The application for this course will be announced during October each year and the training will be conducted during October through December.
3 1 ECO2031 History of Economic Thoughts Core Major 3-3-0
A survey of economic analysis covering from merchantilism to contemporary economic thought, concentrating on the 19th and 20th centuries; special attention to selected works of classical and neoclassical economists.
3 1 ECO3007 Econometrics Core Major 3-3-0
An extension of the concepts and tools covered in Introduction to Economic Statistics. Starting with estimation and test of hypothesis in the standard linear regression model, it further covers model specification, heteroskedasticity, autocorrelation, and multicollinearity. Expects that students learn to use an econometrics package such as EVIEWS, TSP or GAUSS and that they conduct a regression analysis using a real life economic data.
3 1 ECO3008 Labor Economics Core Major 3-3-0
First semester of a two-semester sequence in the labor/welfare module. Applies the theory and elementary tools of economics to the characteristics and problems of the labor market. Presents relevant empirical evidence, and discusses applications to such policy issues as the work incentive effects of income maintenance programs and the employment effects of minimum wage legislation. Introduces the methodologies used by economists to evaluate the impacts of various labor market policies and social-action programs and legislation. Includes international comparisons of the characteristics of the labor market and government labor policies. Topics covered include the demand and supply of labor, minimum wages and income maintenance programs, investment in human capital, compensating wage differentials and the efficiency of labor markets, economics of gender and anti-discrimination policies, historical development, functions, legal framework, and economic effects of unions and collective bargaining, the distribution of income, and unemployment and measures to assist the (long-term) unemployed.
3 1 ECO3045 Public Economics 1 : Taxation Core Major 3-3-0
Examines the design and implementation of taxation policies. Focuses on the development of theoretical and applied techniques for identifying and evaluating the impact of alternative tax policies on the economy's resource allocation, income distribution, capital formation, inflation, and the behavior of state-owned and privately owned enterprises. Covers the alternative systems for direct and indirect taxation as well as taxes, tariffs, and subsidies.
3 1 ECO3076 FINANCIAL IT Extended Major 3-3-0
This course learns the methods of developing Windows OS-based or internet-based financial solutions by applying financial economic and econometric knowledge. For this task, class will learn tools such as EXCEL, Visual Basic, C/C++, ASP, DLL, COM and apply them to the real life financial problems.
3 1 ECO3080 THEORY OF INVESTMENT Core Major 3-3-0
This course studies how the security market works, how the assets are priced, and how the investors form an efficient portfolio. The topics covered include tradeoff between return and risk, efficient market hypothesis, portfolio performance evaluation, security analysis, bond markets, term structure of interest rates, and financial derivatives.
3 1 ECO3086 ADVANCED FINANCIAL THEORY AND PRACTICES Extended Major 3-3-0
This course is for students who want a professional career in commercial banks, in vestment banks, asset management banks etc. Specifically, this course is for those who want to become equity analysts, fixed income securities professionals, financial risk managers, fund managers etc. More specifically, this course is for those who want to get financial professional licenses such as chartered financial analysts(C.F.A.), financial risk managers(F.R.M.) etc, which are internationally recognized. The course is concerned with advanced finance theories and practices about those materials. Students will be given opportunities to meet those financial professionals currently active in Korean financial markets.
3 1 ECO3090 Financial Big Data Analytics Extended Major 3-3-0
This lecture covers big data analytics that allows one to handle empirically large scale financial big data accumulated by many financial institutions. In order to effectively analyse big data that is characterized by three main features such as volume, variety, and velocity, researchers should build their capacity in building and querying efficient data base, in managing big data analytics platforms, and in proposing meaningful hypotheses and interpreting model output. For these tasks, this lecture will use SAS software as a basic analytic tool for building big data base and test behavioral models by analysing both numeric and text data using SAS Enterprise Miner and Text Miner as specialized platforms. Main methodology for big data analytics include predictive modeling using decision trees, regressions, neural networks, and pattern discovery. This course also covers issues related to model assessment and model implementation.
3 1 ECO3091 Empirical Macro-Finance Extended Major 3-3-0
This course is an introductory one in empirical macro-finance. As the title of the course states it, the main goal is to provide the students with the hands-on experience of dealing with the leading models in both macroeconomics and asset pricing. That would require the students to evaluate the empirical performance of the theory-based models on the routine basis, and to interpret the results in the context of economica and finance. Throughout the course, much emphasis will be placed upon understanding the connection between the theory and practice and the economic intuition behind the empirical results.
3 1 ECO4003 International Finance Core Major 3-3-0
The economic relationship between residents and non-residents will be investigated. Balance of payments, institutional setting of foreign exchange markets will be studied. Then theoretical determination of foreign exchange rate, short-term and long-term, will be investigated. Then international imbalance and the policy measurement will be studied. Then the macroeconomic policy and effects on the macroeconomic variables will be studied in the open macroeconomic settings. Lastly international monetary institutions such as IMF and EMU based on the optimal currency area will be studied.
3 1 ECO4049 International Economic Relations Core Major 3-3-0
Understanding how international economic relations are working with a special focus on institutional aspects of prevailing international economic order. Main topics include International financial institutions and the new international financial architecture, the WTO and the New Round, regional economic cooperation etc.
3 1 GEN6094 Fieldwork 1 Extended Major 3-0-3
This course offers an internship opportunity at the various institutions. The qualification for the admission to the class includes the completion of several classes such as econometrics, financial time series analysis, corporate finance, financial IT, and financial consulting as prerequisites. The internship period is four weeks at the field on full-time basis during January through February. All participating students must attend 7 week long training course prior to the internship assignment. The application for this course will be announced during October each year and the training will be conducted during October through December.
3 1 ECO2035 Game Theory & Its Applications Core Major 3-3-0
Introduction to the game theoretic approach to economic analysis. Topics include extensive and normal form games, games with imperfect information or incomplete information, and repeated games. Also the course covers the application of the game theory models on bargaining. adverse selection and moral hazard.
3 1 ECO3008 Labor Economics Core Major 3-3-0
Labor economists study how labor market works. This course covers the decisionmaking processes, the behaviors, and their impacts of three "actors" in the labor market: workers, firms, and the government. Important topics addressed by labor economics and this course include: the allocation of worker’s time to the labor market, hiring and firing decisions of firms, the worker’s decision to invest in human capital, determination of wages, the economic impact of unions, and unemployment. During the semester, theories, models, and related policy issues and debates of important labor market issues, such as labor supply and demand, labor market equilibrium, wage determination, human capital, labor mobility, labor market discrimination, labor unions, incentive pay, and unemployment will be covered. This course pays special attention to Korean labor market and empirical evidence associated with the theories. Prerequisite: Principles of Economics
3 1 ECO3045 Public Economics 1 : Taxation Core Major 3-3-0
Examines the design and implementation of taxation policies. Focuses on the development of theoretical and applied techniques for identifying and evaluating the impact of alternative tax policies on the economy's resource allocation, income distribution, capital formation, inflation, and the behavior of state-owned and privately owned enterprises. Covers the alternative systems for direct and indirect taxation as well as taxes, tariffs, and subsidies.
3 1 ECO3076 FINANCIAL IT Extended Major 3-3-0
This course learns the methods of developing Windows OS-based or internet-based financial solutions by applying financial economic and econometric knowledge. For this task, class will learn tools such as EXCEL, Visual Basic, C/C++, ASP, DLL, COM and apply them to the real life financial problems.
3 1 ECO3080 THEORY OF INVESTMENT Core Major 3-3-0
This course studies how the security market works, how the assets are priced, and how the investors form an efficient portfolio. The topics covered include tradeoff between return and risk, efficient market hypothesis, portfolio performance evaluation, security analysis, bond markets, term structure of interest rates, and financial derivatives.
3 1 ECO3086 ADVANCED FINANCIAL THEORY AND PRACTICES Extended Major 3-3-0
The course is concerned with advanced finance theories and practices about those theories. This course provides useful information to students who want professional career in commercial banks, investment banks, asset management companies and insurance companies. More specifically, it is helpful for those who wish to become equity analysts, fixed income securities professionals, financial risk managers, fund managers, and for those who want to obtain financial professional licenses such as chartered financial analysts (C.F.A.), financial risk managers (F.R.M.), which are internationally recognized. Students will be taught on commercial banks, insurance companies, pension plans, mutual funds, hedge funds, and over the counter markets. They also learn about sophisticated products like options, asset-backed securities. Finally, value at risk will be covered in details. Students might be provided with an opportunity to meet financial professionals currently active in Korean financial markets. Prerequisite: Financial Economics (1 or 2), Financial Management, or Investment
3 1 ECO3090 Financial Big Data Analytics Extended Major 3-3-0
This lecture covers big data analytics that allows one to handle empirically large scale financial big data accumulated by many financial institutions. In order to effectively analyse big data that is characterized by three main features such as volume, variety, and velocity, researchers should build their capacity in building and querying efficient data base, in managing big data analytics platforms, and in proposing meaningful hypotheses and interpreting model output. For these tasks, this lecture will use SAS software as a basic analytic tool for building big data base and test behavioral models by analysing both numeric and text data using SAS Enterprise Miner and Text Miner as specialized platforms. Main methodology for big data analytics include predictive modeling using decision trees, regressions, neural networks, and pattern discovery. This course also covers issues related to model assessment and model implementation.
3 1 ECO3091 Empirical Macro-Finance Extended Major 3-3-0
This course focuses on applying empirical macroeconomic and financial data to some of the important economic and finance models that are covered in the intermediate level macroeconomics and asset pricing courses. In comparison to other undergraduate level macro/finance courses, the course is intended to teach students how to collect, interpret and process empirical data and how to apply the data to the theoretic models covered in class to draw some meaningful conclusions that can be used to understand the real economy. Hence a great deal of emphasis will be placed on hands-on experience of analyzing the real world data using a programming language. To that end, this course uses MATLAB. The specific topics of the course include: basic econometric concepts, macroeconomic modelling and forecasting, classical Phillips curve and its application to inflation forecasting, trend estimation in macroeconomics, basic asset pricing theory, capital asset pricing model, autoregressive conditional heteroskedastic processes and topics in international finance. Prerequisite: Macroeconomics, Asset Pricing
3 1 ECO4003 International Finance Core Major 3-3-0
The International Finance course aims to facilitate students’ understanding of theories on international macroeconomics and its applications in real world. The course is devoted to the study of large-scale economic problems in interdependent economies. Throughout the semester, the course will build on familiar macroeconomic ideas, while examining the main features of the global macroeconomy that define and distinguish the field of international macroeconomics. The topics to be covered are: theories of exchange rate determinations in the short and long run; an open-economy variant of the well-known ISLM model that is widely used in the study of short-run fluctuations in the closed-economy macroeconomics; gains from financial globalization such as consumption smoothing and diversification of income risk at a national level, and so on. Prerequisite: Principle of Economics; Macroeconomics I or II
3 1 ECO4049 International Economic Relations Core Major 3-3-0
Understanding how international economic relations are working with a special focus on institutional aspects of prevailing international economic order. Main topics include International financial institutions and the new international financial architecture, the WTO and the New Round, regional economic cooperation etc.
3 1 ECO4065 MACROECONOMIC ISSUE AND APPLICATION Extended Major 3-3-0
This course is designed to provide students opportunities to apply macroeconomic theories to real economic issues. Many current economic problems will be examined from various theoretical perspectives.
3 2 ECO3005 International Economics Compulsory Major 3-3-0
3 2 ECO3011 Taxation Theory Elective Major 3-3-0
Surveys theoretical and empirical analyses of government expenditures. Materials cover market failure, public goods, and externalities. Special topics include taxes and corporate finance and international aspects of taxation.
3 2 ECO3031 Game Theory Elective Major 3-3-0
3 2 ECO4004 Comparative Economic Systems Elective Major 3-3-0
This course provides an understanding of the relationship between economic behavior and economic systems. Comparative study of how economic problems are resolved under alternative economic systems are conducted. Theory and practice of various forms of transformation of former socialist economies into market economy and analytic applications of relevant topics in pricing, planning, resource allocation, and growth theory are dealt with.
3 2 ECO4007 Economic Development Elective Major 3-3-0
This course presents: (1)the analysis of theories and problems of economic development; (2)special attention to underdeveloped countries; (3)economic development strategies; (4)balanced and unbalanced economic growth; (5)inward and outward development strategies; (6)agricultural and industrial development; and (7)development models.
3 2 ECO4015 Enviromental Economy Elective Major 3-3-0
3 2 ECO4021 Economics of Technology Elective Major 3-3-0
3 2 ECO3034 Economic Analysis & Financial Consulting Elective Major 3-3-0
This course offers econometrics and financial software engineering tools that can apply knowledge of financial time series analysis, money and banking, international finance, financial markets and financial products, corporate finance/investment to practical financial consulting. This course is specifically designed for those who want to be an economist, analyst, or consultant in the financial industry. For this covered subjects cover forecasting, credit analysis, performance evaluation of financial assets, asset allocation, regulation, and financial database management, along with the writing of consulting reports and presentation techniques.
3 2 ECO3047 International Trade & Commercial Policy Compulsory Major 3-3-0
Analysis of the causes and consequences of international trade and investment. Attention focused on the interplay of economic theory and empirical descriptions of foreign trade and direct investment patterns.
3 2 ECO3048 Public Economics 2 : Government Expenditure Elective Major 3-3-0
Surveys theoretical and empirical analyses of government expenditures. Materials cover market failure, public goods, and externalities. Special topics include taxes and corporate finance and international aspects of taxation.
3 2 ECO3049 Studies on Transitional Economies Elective Major 3-3-0
Understanding the relationship between economic behavior and economic system. Comparative study of how economic problems are resolved under alternative economic systems. Theory and practice of various forms of transformation of former socialist economies into market economy. Analytic applications of relevant topics in pricing, planning, resource allocation, and growth theory.
3 2 ECO3067 Economics in The Web Elective Major 2-2-0
Internet has become a very impressive educational instrument. Students can sail and reach the sea of information. Classes will be held in the multimedia classroom where every students can be given one PC to be able to internet during the class hours. Students will be assigned to choose economic topics which they find it interesting, and gather the information via internet and make a report and present in the classroom. Creativity and internet utilization are the key code words in this course.
3 2 ECO3074 FUTURES AND OPTIONS Elective Major 3-3-0
Recently, various types of derivatives are being traded based on the underlying real and financial assets. The primary objective of this course is to study the theories and applications of futures and options contracts. Main topics cover: the structure and trading practices of futures and options markets; the relationship between spot prices and futures prices; risk management strategies and hedging theories, option pricing theories; and econometric approach for empirical analyses. The students are expected to acquire the various strategies of risk management in real business fields as well as the basic theories related to futures and options markets.
3 2 ECO4015 Enviromental Economy Elective Major 3-3-0
Provides a survey of environmental policy issues as well as the conceptual and theoretical foundations of environmental economics. Topics include theory of public goods and externalities, common property, Coase Theorem, and alternative policies for controlling pollution. Some treatment of theoretical aspects of cost-benefit analysis, environmental accounting, and sustainable development. Economic understanding of contemporary environmental issues both in the domestic and international levels.
3 2 ECO4021 Economics of Technology Elective Major 3-3-0
Technological change: definitions, sources, models, and measures. Diffusion and its impact on measured productivity. Science, R&D, patents, and other measures of inventive activity. Market structure and innovation. Policy issues related to technology and industry.
3 2 ECO3021 Economics of Social Security Extended Major 3-3-0
Second semester of a two-semester sequence of the labor/welfare module. Surveys a broad array of Korean social welfare programs and discusses the economic and social effects of various social security measures. Presents analytic frameworks with regard to social welfare policies and services. These frameworks identify strengths and weaknesses in the current social welfare system with respect to market efficiency, horizontal and vertical equity, and diversity. Broad topics covered include identification of causes of economic insecurity, basic principles of social insurance, social programs offering protection against economic loss due to industrial accident, temporary and permanent disability, illness, old age, and underemployment and unemployment, as well as private efforts to provide security. Focuses on the discussion of economic rationales for various social safety measures and the problems of integrating public and private programs. International comparisons of social welfare programs are included. Finally, proposals for amending or modifying social security measures are also considered.
3 2 ECO3033 Financial Markets & Financial Products Extended Major 3-3-0
This lecture focuses on the understanding of financing concept and various foreign and domestic financial markets and assets. For this purpose, it deals with the basic theories and models of portfolio management theory, capitial asset price model, and derivatives pricing theory. In addition, the practical issue of designing financial asset is covered.
3 2 ECO3047 International Trade & Commercial Policy Core Major 3-3-0
Analysis of the causes and consequences of international trade and investment. Attention focused on the interplay of economic theory and empirical descriptions of foreign trade and direct investment patterns.
3 2 ECO3048 Public Economics 2 : Government Expenditure Extended Major 3-3-0
Surveys theoretical and empirical analyses of government expenditures. Materials cover market failure, public goods, and externalities. Special topics include taxes and corporate finance and international aspects of taxation
3 2 ECO3049 Studies on Transitional Economies Extended Major 3-3-0
Understanding the relationship between economic behavior and economic system. Comparative study of how economic problems are resolved under alternative economic systems. Theory and practice of various forms of transformation of former socialist economies into market economy. Analytic applications of relevant topics in pricing, planning, resource allocation, and growth theory.
3 2 ECO3074 FUTURES AND OPTIONS Extended Major 3-3-0
Recently, various types of derivatives are being traded based on the underlying real and financial assets. The primary objective of this course is to study the theories and applications of futures and options contracts. Main topics cover: the structure and trading practices of futures and options markets; the relationship between spot prices and futures prices; risk management strategies and hedging theories, option pricing theories; and econometric approach for empirical analyses. The students are expected to acquire the various strategies of risk management in real business fields as well as the basic theories related to futures and options markets.
3 2 ECO3077 FINANCIAL CONSULTING Extended Major 3-3-0
This class will learn strategic and tactical asset allocation and investment process. As for investment process, class will learn how to relate the theoretic stock and bond pricing models and their implementation. Professional communication and presentation skills will also be covered.
3 2 ECO4021 Economics of Technology Extended Major 3-3-0
Technological change: definitions, sources, models, and measures. Diffusion and its impact on measured productivity. Science, R&D, patents, and other measures of inventive activity. Market structure and innovation. Policy issues related to technology and industry.
3 2 ECO3021 Economics of Social Security Extended Major 3-3-0
Second semester of a two-semester sequence of the labor/welfare module. Surveys a broad array of Korean social welfare programs and discusses the economic and social effects of various social security measures. Presents analytic frameworks with regard to social welfare policies and services. These frameworks identify strengths and weaknesses in the current social welfare system with respect to market efficiency, horizontal and vertical equity, and diversity. Broad topics covered include identification of causes of economic insecurity, basic principles of social insurance, social programs offering protection against economic loss due to industrial accident, temporary and permanent disability, illness, old age, and underemployment and unemployment, as well as private efforts to provide security. Focuses on the discussion of economic rationales for various social safety measures and the problems of integrating public and private programs. International comparisons of social welfare programs are included. Finally, proposals for amending or modifying social security measures are also considered.
3 2 ECO3033 Financial Markets & Financial Products Core Major 3-3-0
This lecture focuses on the understanding of financing concept and various foreign and domestic financial markets and assets. For this purpose, it deals with the basic theories and models of portfolio management theory, capitial asset price model, and derivatives pricing theory. In addition, the practical issue of designing financial asset is covered.
3 2 ECO3047 International Trade & Commercial Policy Core Major 3-3-0
Analysis of the causes and consequences of international trade and investment. Attention focused on the interplay of economic theory and empirical descriptions of foreign trade and direct investment patterns.
3 2 ECO3048 Public Economics 2 : Government Expenditure Extended Major 3-3-0
Surveys theoretical and empirical analyses of government expenditures. Materials cover market failure, public goods, and externalities. Special topics include taxes and corporate finance and international aspects of taxation
3 2 ECO3049 Studies on Transitional Economies Core Major 3-3-0
Understanding the theory and practices of various former socialist economies in transition from a centrally-controlled planned economy to a market-oriented economy. Main theme of this course lies in understanding the North Korean economic system and discussing possbile processes of transition of the North Korean economy. Issues such as unification, reform and opening of the North Korean economy, Kim Jong-Il' successors etc. will be covered as well.
3 2 ECO3074 FUTURES AND OPTIONS Core Major 3-3-0
Recently, various types of derivatives are being traded based on the underlying real and financial assets. The primary objective of this course is to study the theories and applications of futures and options contracts. Main topics cover: the structure and trading practices of futures and options markets; the relationship between spot prices and futures prices; risk management strategies and hedging theories, option pricing theories; and econometric approach for empirical analyses. The students are expected to acquire the various strategies of risk management in real business fields as well as the basic theories related to futures and options markets.
3 2 ECO3077 FINANCIAL CONSULTING Extended Major 3-3-0
This class will learn strategic and tactical asset allocation and investment process. As for investment process, class will learn how to relate the theoretic stock and bond pricing models and their implementation. Professional communication and presentation skills will also be covered.
3 2 ECO4021 Economics of Technology Extended Major 3-3-0
Technological change: definitions, sources, models, and measures. Diffusion and its impact on measured productivity. Science, R&D, patents, and other measures of inventive activity. Market structure and innovation. Policy issues related to technology and industry.
3 2 SOC3018 Political Economics Extended Major 3-3-0
Political economy is a branch of economics that tries to explain and analyze political phenomena using economic theory. Hence, it is an interdisciplinary field between economics and political science. This course provides a theoretical framework that may help better understand the political phenomena and their relation to economic performance. Topics covered include social welfare function and Arrow’s impossibility theorem, voting, electoral competition, political agency model and analysis of institutions. In addition to these topics, Korea-specific issues will be also covered. Knowledge of economics at the level of ‘Microeconomics I, II’ and ‘Games and Its Application’is strongly required.
3 2 SYH0003 BUSINESS LEADERSHIP (Compulsory) Requirement in Fundamental Studies 2-2-0
Businesss Leadership (HELP 3) program is a course for juniors, which aims to help students 1) understand principles of capitalism and market economy and learn common sense in relation to economy and finance, 2) learn principles and nature of corporations and how to develop a critical view toward them, and 3) acquire an administrative mind through self-management.
3 2 ECO2035 Game Theory & Its Applications Core Major 3-3-0
Introduction to the game theoretic approach to economic analysis. Topics include extensive and normal form games, games with imperfect information or incomplete information, and repeated games. Also the course covers the application of the game theory models on bargaining. adverse selection and moral hazard.
3 2 ECO2061 FINANCIAL TIME SERIES MODELING AND FORECASTING Core Major 3-3-0
Financial Time Series Modeling and Forecasting (FTSMF) studies econometric methods and programming tools that would help (financial) economists to analyze economic and financial time series data in their economics and finance application. FTSMF covers not only traditional time series methods such as ARIMA model, volatility model, state-space model, vector auto-regression, and co-integration models, but also the estimation and forecasting of the nonlinear models such as Markov regime switching model, artificial neural networks.This course is required before registering for ECO381 (economic financial intern) class. This course is offered in English and the lectures will be recorded during the class.
3 2 ECO3001 Mathematical Economics Extended Major 3-3-0
This course is intended to familiarize students with mathematics used in economics. Topics include set theory, linear algebra, optimization without contraint as well as with constraint, game theory, so on. They also learn the basics of game theory: how to set up games and solution concepts for static and dynamic games of complete information.
3 2 ECO3021 Economics of Social Security Extended Major 3-3-0
The Economics of Social Security course deals with the theories, effects, and practices of welfare programs and social insurance programs mainly from a labor economist’s point of view. This course pays special attention to the policies of Korea, while practices in other countries are also covered. Critical discussions on the issues based on economic theories are also carried out during the class. The students will learn about the roles of government and market in tackling the social problems and other socioeconomic issues such as poverty, income inequality, and discrimination in the labor market. The major topics covered in this class are welfare programs, old-age pension, unemployment insurance, health insurance, industrial accident compensation insurance, minimum wage, income inequality, intergenerational mobility, and gender issues in the labor market. Students learn economic models and theories, and discuss the effects of those policies on the labor market. Prerequisite: Principle of Economics
3 2 ECO3033 Financial Markets & Financial Products Core Major 3-3-0
This lecture focuses on the understanding of financing concept and various foreign and domestic financial markets and assets. For this purpose, it deals with the basic theories and models of portfolio management theory, capitial asset price model, and derivatives pricing theory. In addition, the practical issue of designing financial asset is covered.
3 2 ECO3047 International Trade & Commercial Policy Core Major 3-3-0
Analysis of the causes and consequences of international trade and investment. Attention focused on the interplay of economic theory and empirical descriptions of foreign trade and direct investment patterns.
3 2 ECO3048 Public Economics 2 : Government Expenditure Extended Major 3-3-0
Surveys theoretical and empirical analyses of government expenditures. Materials cover market failure, public goods, and externalities. Special topics include taxes and corporate finance and international aspects of taxation
3 2 ECO3049 Studies on Transitional Economies Core Major 3-3-0
Understanding the theory and practices of various former socialist economies in transition from a centrally-controlled planned economy to a market-oriented economy. Main theme of this course lies in understanding the North Korean economic system and discussing possbile processes of transition of the North Korean economy. Issues such as unification, reform and opening of the North Korean economy, Kim Jong-Il' successors etc. will be covered as well.
3 2 ECO3068 Industrial Organization & Fair Trade Core Major 3-3-0
This course deals with the structure of modern industries and how it affects their performance. Specific subjects includes the horizontal competitive relationship among the firms in the same industry and the vertical relationship between firms in different stages of production.
3 2 ECO3074 FUTURES AND OPTIONS Core Major 3-3-0
Recently, various types of derivatives are being traded based on the underlying real and financial assets. The primary objective of this course is to study the theories and applications of futures and options contracts. Main topics cover: the structure and trading practices of futures and options markets; the relationship between spot prices and futures prices; risk management strategies and hedging theories, option pricing theories; and econometric approach for empirical analyses. The students are expected to acquire the various strategies of risk management in real business fields as well as the basic theories related to futures and options markets.
3 2 ECO3087 Law and Economic Theory Extended Major 3-3-0
This course is aimed at providing an economic framework for understanding legal rules and institutions. In recent years, it has been proven that economics is an effective tool for understanding how the law influences individual behavior and for evaluating how legal rules may be designed and enforced. The current course will provide an opportunity for students to lean some of these tools. Specifically, topics that will be discussed in the course are property, contracts and torts. In each topic, we will provide economic analysis on how various legal rules affect the incentives of individuals and what their welfare implications are. Students are expected to have knowledge of intermediate microeconomics and basic game theory.
3 2 ECO3088 Empirical Methods in Applied Microeconomics Extended Major 3-3-0
This course is designed to help students learn how to apply econometric techniques to real-world policy-related questions. The course will focus on experimental and quasiexperimental research designs that can yield credible causal inferences from economic data. The applications will be primarily in labor, education, public, health, urban and micro-development economics, while the material is also relevant for studies in corporate or real estate finance. Objectives are for students to develop the ability to critically evaluate modern research in applied microeconomics, and to ultimately develop a perspective of how their own empirical research in these fields can be conducted. Students will become reasonably proficient in the use of STATA, one of the leading statistical software used for empirical research in applied microeconomics. Prerequisite: Econometrics, Microeconomics
3 2 ECO3089 Fixed Income Securities Extended Major 3-3-0
Fixed income securities have been a key asset in financial markets In most countries since they are more reliable and less risky for investors as investments and for issuers as funding. This course study fixed income securites in depth, including the things. That is, this course study basic ccncepts and mathematics of fixed income securities first. Second, it analyzes yield curves, durtions and convexities, which are important to pricing bonds. Third, it studies fixed income derivatives including mortgages, mortgage-backed securities, asset-backed securities, interest rate futures and interest rate swaps. Lastly it studies risk management techniques including value at risk techniques.
3 2 ECO3093 Market Design Extended Major 3-3-0
A central question in economics is how to allocate scarce resources to agents, and economists have involved in designing as well as studying market mechanisms. A field of market design studies how to construct rules for allocating resources or to structure marketplaces. These include auctions to sell paints, radio spectrum, internet advertising slots; and matching algorithms to assign students to schools or candidates to jobs. This course introduces a basic framework for analyzing those market design problems.
3 2 ECO3094 Health service market and government Extended Major 3-3-0
3 2 ECO3095 Theory of Financial Consumer Management Extended Major 3-3-0
3 2 ECO3096 Financial Big Data Modeling Extended Major 3-3-0
3 2 GEN5100 Career Development II (Portfolio and Business model Creation) (Compulsory) Requirement in Fundamental Studies 1-1-0
This course is opened to the juniors. It will help students to evaluate the road-maps that students designed in Career I class, determine their competency in terms of making a career-decision, and set a concrete direction on how to prepare for jobs when they graduate. Students who are enrolled in the class will have to submit an individual portfolio at the end of the semester. The portfolio will have to be based on students’ counseling with their advisors and what they learn in class. Additionally, the course will maximize the efficiency of its offerings to the students with its strategic cooperation with HELP 3 (an on-line required course) and Career Development II, thereby it will set and develop the standard model for career development, while the course will feature as an advanced course for Career Development I offered for freshmen.
3 2 SOC3018 Political Economics Extended Major 3-3-0
3 2 SYH0003 ENTREPRENEURSHIP AND BUSINESS LEADERSHIP (Compulsory) Requirement in Fundamental Studies 2-2-0
Businesss Leadership (HELP 3) program is a course for juniors, which aims to help students 1) understand principles of capitalism and market economy and learn common sense in relation to economy and finance, 2) learn principles and nature of corporations and how to develop a critical view toward them, and 3) acquire an administrative mind through self-management.
3 2 ECO2061 FINANCIAL TIME SERIES MODELING AND FORECASTING Core Major 3-3-0
Financial Time Series Modeling and Forecasting (FTSMF) studies econometric methods and programming tools that would help (financial) economists to analyze economic and financial time series data in their economics and finance application. FTSMF covers not only traditional time series methods such as ARIMA model, volatility model, state-space model, vector auto-regression, and co-integration models, but also the estimation and forecasting of the nonlinear models such as Markov regime switching model, artificial neural networks.This course is required before registering for ECO381 (economic financial intern) class. This course is offered in English and the lectures will be recorded during the class.
3 2 ECO3001 Mathematical Economics Extended Major 3-3-0
Mathematics has become a language of modern economics and it allows economists to analyze general properties of economic problems. The purpose of this course is to introduce fundamental aspects of the mathematical tools and basic frameworks of economics models that are currently used in economics. The course will be two folded. The first half of the course will discuss basic mathematics including linear algebra, multivariate calculus and mathematical analysis. In each of those areas, the course will provide economic applications and will study how such mathematical tools are applied to various economics problems. The second half of the course will be devoted to optimization problems with and without constraints. The course will also study their applications in consumer theory, producer theory and welfare economics. Students are expected to have knowledge on single-variable calculus and intermediate microeconomics. Prerequisite: Introductory Mathematics for Economists, Intermediate Microeconomics
3 2 ECO3047 International Trade & Commercial Policy Core Major 3-3-0
Analysis of the causes and consequences of international trade and investment. Attention focused on the interplay of economic theory and empirical descriptions of foreign trade and direct investment patterns.
3 2 ECO3048 Public Economics 2 : Government Expenditure Core Major 3-3-0
Surveys theoretical and empirical analyses of government expenditures. Materials cover market failure, public goods, and externalities. Special topics include taxes and corporate finance and international aspects of taxation
3 2 ECO3049 Studies on Transitional Economies Core Major 3-3-0
Understanding the theory and practices of various former socialist economies in transition from a centrally-controlled planned economy to a market-oriented economy. Main theme of this course lies in understanding the North Korean economic system and discussing possbile processes of transition of the North Korean economy. Issues such as unification, reform and opening of the North Korean economy, Kim Jong-Il' successors etc. will be covered as well.
3 2 ECO3068 Industrial Organization & Fair Trade Core Major 3-3-0
This course deals with the structure of modern industries and how it affects their performance. Specific subjects includes the horizontal competitive relationship among the firms in the same industry and the vertical relationship between firms in different stages of production.
3 2 ECO3074 FUTURES AND OPTIONS Core Major 3-3-0
Recently, various types of derivatives are being traded based on the underlying real and financial assets. The primary objective of this course is to study the theoretical foundations and empirical methodologies related to real and financial futures and options contracts. Main topics that will be covered are: structure and trading practices of futures and options markets; relationship between spot prices and futures prices; risk management strategies and hedging theories focusing on the concepts of hedge ratio and hedging effectiveness; theory and practices of options contracts including the properties of options, binomial trees, and Black-Scholes model; and econometric approach for empirical analyses. The students are expected to acquire various strategies of risk management in real business fields as well as the basic theories related to futures and options markets.
3 2 ECO3088 Empirical Methods in Applied Microeconomics Extended Major 3-3-0
This course is designed to help students learn how to apply econometric techniques to real-world policy-related questions. The course will focus on experimental and quasiexperimental research designs that can yield credible causal inferences from economic data. The applications will be primarily in labor, education, public, health, urban and micro-development economics, while the material is also relevant for studies in corporate or real estate finance. Objectives are for students to develop the ability to critically evaluate modern research in applied microeconomics, and to ultimately develop a perspective of how their own empirical research in these fields can be conducted. Students will become reasonably proficient in the use of STATA, one of the leading statistical software used for empirical research in applied microeconomics. Prerequisite: Econometrics, Microeconomics
3 2 ECO3089 Fixed Income Securities Extended Major 3-3-0
Fixed income securities have been a key asset in financial markets In most countries since they are more reliable and less risky for investors as investments and for issuers as funding. This course study fixed income securites in depth, including the things. That is, this course study basic ccncepts and mathematics of fixed income securities first. Second, it analyzes yield curves, durtions and convexities, which are important to pricing bonds. Third, it studies fixed income derivatives including mortgages, mortgage-backed securities, asset-backed securities, interest rate futures and interest rate swaps. Lastly it studies risk management techniques including value at risk techniques.
3 2 ECO3092 Social Security and Labor Market Policies Extended Major 3-3-0
The objective of this course is to understand the theories of social security and labor market policies and how they are applied to Korean labor market. The main topics of this course are social welfare programs, social insurance programs, and labor market policies. The course is divided into four parts. In the first part, the course covers the theoretical foundation of government programs. The relationship between the market and the government and the effects of government policies are discussed. In the second part, students learn social welfare programs. Income inequality, characteristics of social welfare programs, and effects of social welfare programs are discussed. In the third part social insurance programs are covered. Details of Korea’s quadripartite social insurance program and its effects are discussed as well. Finally, the course covers labor market policies. Theories and applications of minimum wage, employment protection, and active labor market policies are discussed. Prerequisite: Principles of Economics
3 2 ECO3094 Health service market and government Extended Major 3-3-0
3 2 ECO3095 Theory of Financial Consumer Management Extended Major 3-3-0
3 2 ECO3096 Financial Big Data Modeling Extended Major 3-3-0
3 2 ECO4064 MICROECONOMIC ISSUE AND APPLICATION Extended Major 3-3-0
This course is designed to provide students opportunities to apply microeconomic theories to real economic issues. Discusses selected issues of microeconomics, such as health economics and urban economics. Many current economic problems will be examined from various theoretical perspectives.
3 2 GEN5100 Career Development II (Portfolio and Business model Creation) Compulsory General Studies 1-1-0
His career as a wide range of knowledge and lessons learned in the previous semester plan to explore in depth the process. Employment working in the industry of major interest to seniors invited to hear the information about the industry to prepare for what you need to learn knowhow. In addition, students who already have a job that aim to visit seniors plan their careers and the skills necessary to equip determined to develop a career that any plan.
3 2 SYH0003 ENTREPRENEURSHIP AND BUSINESS LEADERSHIP Compulsory General Studies 2-2-0
Businesss Leadership (HELP 3) program is a course for juniors, which aims to help students 1) understand principles of capitalism and market economy and learn common sense in relation to economy and finance, 2) learn principles and nature of corporations and how to develop a critical view toward them, and 3) acquire an administrative mind through self-management.
4 1 ECO4002 Seminar in Economy Elective Major 3-3-0
A team teaching on such microeconomic issues as regional development, urban transsportation, and environmental problems. Classes will consist of lectures and student presentations.
4 1 ECO4003 International Finance Elective Major 3-3-0
The economic relationship between residents and non-residents will be investigated. Balance of payments, institutional setting of foreign exchange markets will be studied. Then theoretical determination of foreign exchange rate, short-term and long-term, will be investigated. Then international imbalance and the policy measurement will be studied. Then the macroeconomic policy and effects on the macroeconomic variables will be studied in the open macroeconomic settings. Lastly international monetary institutions such as IMF and EMU based on the optimal currency area will be studied.
4 1 ECO4005 Korean Economy Elective Major 3-3-0
Understanding the characteristics of the Korean economy. Analyzing the Korean economy based on the standard economic theory. Topics cover history of the development of the Korean economy; structural change in the Korean industry; financial markets; international payment; and business cycles.
4 1 ECO4019 Urban Economics Elective Major 3-3-0
Application of economic theory to urban problems. Topics include location theory, housing, transportation, and the fiscal problems of the local government. Real life applications include, among many others, laws and ordinances in urban planning, restrictions on land-use (such as the Green Belt), environmental problems, urban sprawl, and the role and the future policy directives on the Seoul Metropolitan Area.
4 1 ECO4027 International Commercial Policy Elective Major 3-3-0
4 1 ECO2060 THEORIES AND PRACTICES FINANCE Elective Major 3-3-0
This course aims to provide students with an in-depth understanding of Corporate Finance. Students will be exposed to key financial issues faced by modern-day finance managers of corporations. It will also equip students with conceptual and analytical skills necessary to make sound financial decisions. Furthermore, this course develops a framework for understanding and analyzing the major investment and financial decisions made by business. The lectures, readings and assignments deal with the function of capital markets, the concept of profit maximization, asset valuation, the principles and techniques of capital budgeting, decision making under uncertainty, and corporate financing and dividend policy decisions. An important feature of the course is to address business decisions in a context of capital markets that operate efficiently.
4 1 ECO3021 Economics of Social Security Elective Major 3-3-0
Second semester of a two-semester sequence of the labor/welfare module. Surveys a broad array of Korean social welfare programs and discusses the economic and social effects of various social security measures. Presents analytic frameworks with regard to social welfare policies and services. These frameworks identify strengths and weaknesses in the current social welfare system with respect to market efficiency, horizontal and vertical equity, and diversity. Broad topics covered include identification of causes of economic insecurity, basic principles of social insurance, social programs offering protection against economic loss due to industrial accident, temporary and permanent disability, illness, old age, and underemployment and unemployment, as well as private efforts to provide security. Focuses on the discussion of economic rationales for various social safety measures and the problems of integrating public and private programs. International comparisons of social welfare programs are included. Finally, proposals for amending or modifying social security measures are also considered.
4 1 ECO3073 DERIVATIVES & RISK MANAGEMENT Elective Major 3-3-0
Recently, the importance of risk management in corporate business is growing due to the economic recession and unrest in financial markets. The primary objective of this course is to study the measures and theoretical foundations of risk management using various types of derivatives. The main topics cover: the understanding of risks and the importance of its management; the kinds and characteristics of derivatives; various strategies of risk management using derivatives; and empirical case studies for the effects of risk management. The students are expected to acquire the basic theories and strategies of risk management in real business fields.
4 1 ECO4003 International Finance Elective Major 3-3-0
The economic relationship between residents and non-residents will be investigated. Balance of payments, institutional setting of foreign exchange markets will be studied. Then theoretical determination of foreign exchange rate, short-term and long-term, will be investigated. Then international imbalance and the policy measurement will be studied. Then the macroeconomic policy and effects on the macroeconomic variables will be studied in the open macroeconomic settings. Lastly international monetary institutions such as IMF and EMU based on the optimal currency area will be studied.
4 1 ECO4005 Korean Economy Elective Major 3-3-0
Understanding the characteristics of the Korean economy. Analyzing the Korean economy based on the standard economic theory. Topics cover history of the development of the Korean economy; structural change in the Korean industry; financial markets; international payment; and business cycles.
4 1 ECO4019 Urban Economics Elective Major 3-3-0
Application of economic theory to urban problems. Topics include location theory, housing, transportation, and the fiscal problems of the local government. Real life applications include, among many others, laws and ordinances in urban planning, restrictions on land-use (such as the Green Belt), environmental problems, urban sprawl, and the role and the future policy directives on the Seoul Metropolitan Area.
4 1 ECO4049 International Economic Relations Elective Major 3-3-0
Understanding how international economic relations are working with a special focus on institutional aspects of prevailing international economic order. Main topics include International financial institutions and the new international financial architecture, the WTO and the New Round, regional economic cooperation, APEC, EU, ASEAN, NAFTA, OECD, etc.
4 1 ECO4067 Applied Econometrics Elective Major 3-3-0
The purpose of this course is to discuss econometric models and methods likely to be useful in any empirical studies. This course is designed for the student to learn how to conduct and how to critique empirical studies in economics and related fields. Accordingly, the emphasis of the course is on empirical applications. The course work will include a series of homework exercises, some of which will be computer exercises involving analysis of economic data. Excel or some relevant statistical tools will be used for those empirical exercises.
4 1 BUS2010 Managerial Economics Extended Major 3-3-0
General introduction to managers' economic decisions based on the theory of production and the firm. Topics include demand analysis and forecasting, short-run and long-run production and cost analysis, pricing of goods and services, and economic analysis of investment. It covers both basic concepts and their applications to real life problems. Among many others, interesting applications include pricing of goods and services in the public enterprises, pricing of individual products by the multi-output firms, capital bugeting in the public and private enterprises, and economic analysis of investment in the telecommunications industry.
4 1 ECO3001 Mathematical Economics Extended Major 3-3-0
This course is intended to familiarize students with mathematics used in economics. Topics include set theory, linear algebra, optimization without contraint as well as with constraint, game theory, so on. They also learn the basics of game theory: how to set up games and solution concepts for static and dynamic games of complete information.
4 1 ECO3073 DERIVATIVES & RISK MANAGEMENT Extended Major 3-3-0
Recently, the importance of risk management in corporate business is growing due to the economic recession and unrest in financial markets. The primary objective of this course is to study the measures and theoretical foundations of risk management using various types of derivatives. The main topics cover: the understanding of risks and the importance of its management; the kinds and characteristics of derivatives; various strategies of risk management using derivatives; and empirical case studies for the effects of risk management. The students are expected to acquire the basic theories and strategies of risk management in real business fields.
4 1 ECO3081 INTERNSHIP IN ECONOMICS AND FINANCE Extended Major 3-3-0
This course offers an internship opportunity at the various institutions. The qualification for the admission to the class includes the completion of several classes such as econometrics, financial time series analysis, corporate finance, financial IT, and financial consulting as prerequisites. The internship period is four weeks at the field on a full time basis.
4 1 ECO4030 Environmental Economics Extended Major 3-3-0
Provides a survey of environmental policy issues as well as the conceptual and theoretical foundations of environmental economics. Topics include theory of public goods and externalities, common property, Coase Theorem, and alternative policies for controlling pollution. Some treatment of theoretical aspects of cost-benefit analysis, environmental accounting, and sustainable development. Economic understanding of contemporary environmental issues both in the domestic and international levels.
4 1 ECO4061 PRACTICE IN INTERNATIONAL TRADE Extended Major 3-3-0
This course looks at institutions concerning import and export, and trade laws and regulations to be applied to Korean international traders.
4 1 ECO4065 MACROECONOMIC ISSUE AND APPLICATION Extended Major 3-3-0
This course is designed to provide students opportunities to apply macroeconomic theories to real economic issues. Many current economic problems will be examined from various theoretical perspectives.
4 1 ECO4070 CONTINOUS TIME FINANCE Extended Major 3-3-0
This course studies mathematical tools that play important roles in the fields of financial economics, financial engineering, and derivatives pricing. The course covers the concepts and their properties of various continuous time stochastic processes, stochastic calculus, and the change of probability measures. It also covers how to apply these tools to price various financial products such as bonds, interest rate derivatives, and others.
4 1 ECO4071 WORLD ECONOMY AND KOREAN PROSPECT Extended Major 3-3-0
Korea's national agendas can be classified by three : ① external agendas, ② national agendas and ③ internal agendas. In relation to the ‘external agendas’, the professor will teach the political and military situations of USA, Japan, China and Russia in Northeast Asia, as well as the four countries' economic situation under the recent global financial crises, and also provide concrete suggestions for technological cooperation for strategic alliance with the four powers. In relation to the ‘national agendas’, the professor will teach Korea's 'unification program' and 'unification constitution' and provide some strategies to put them in practice: joint development of energies and resources in the East Siberia and Far East, construction of oil/gas pipeline across Russia, North Korea and South Korea, and connection of the Trans-Siberian Railway (TSR) and Trans-Korean Railway (TKR). The Professor will teach the following ten 'internal agendas': 1) fiscal deficit and accumulated increase of the national debt, 2) weakened functional linkage between large firms and small-and-medium enterprises (SMEs), 3) low investment of firms in production equipments due to economic recession and sluggish domestic market due to oversized household debt, 4) massive unemployment, skyrocketed youth unemployment and unstable labor market due to massive dismissal of part-time workers, 5) skyrocketed chronical deficit in trade with Japan and unstable current account due to the rapid decline in the surplus of trade with China and USA, 6) unstable exchange rate and currency market, 7) less development of domestic financial market, 8) fiscal crisis of welfare system (national pension plan and medical insurance plan), 9) increased social disturbance due to inequitable income distribution and widened wealth gap and deepened conflict among social strata, and 10) extreme concentration in the ownership of financial assets, lands and houses. In an attempt to resolve the aforementione
4 1 ECO4073 Economics of Information and Uncertainty Extended Major 3-3-0
The objective of this course is to explore implications of interactions among rational players. Examples include, but are not restricted to, choice under uncertainty, prospect theory, bargaining, auction, voting and information economics. After going over probability theory and choice under uncertainty, the course will cover various issues in game theory with focus on applications.
4 1 ECO3001 Mathematical Economics Extended Major 3-3-0
This course is intended to familiarize students with mathematics used in economics. Topics include set theory, linear algebra, optimization without contraint as well as with constraint, game theory, so on. They also learn the basics of game theory: how to set up games and solution concepts for static and dynamic games of complete information.
4 1 ECO3073 DERIVATIVES & RISK MANAGEMENT Extended Major 3-3-0
Recently, the importance of risk management in corporate business is growing due to the economic recession and unrest in financial markets. The primary objective of this course is to study the measures and theoretical foundations of risk management using various types of derivatives. The main topics cover: the understanding of risks and the importance of its management; the kinds and characteristics of derivatives; various strategies of risk management using derivatives; and empirical case studies for the effects of risk management. The students are expected to acquire the basic theories and strategies of risk management in real business fields.
4 1 ECO3081 INTERNSHIP IN ECONOMICS AND FINANCE Extended Major 3-3-0
This course offers an internship opportunity at the various institutions. The qualification for the admission to the class includes the completion of several classes such as econometrics, financial time series analysis, corporate finance, financial IT, and financial consulting as prerequisites. The internship period is four weeks at the field on a full time basis.
4 1 ECO4030 Environmental Economics Extended Major 3-3-0
Provides a survey of environmental policy issues as well as the conceptual and theoretical foundations of environmental economics. Topics include theory of public goods and externalities, common property, Coase Theorem, and alternative policies for controlling pollution. Some treatment of theoretical aspects of cost-benefit analysis, environmental accounting, and sustainable development. Economic understanding of contemporary environmental issues both in the domestic and international levels.
4 1 ECO4061 PRACTICE IN INTERNATIONAL TRADE Extended Major 3-3-0
This course looks at institutions concerning import and export, and trade laws and regulations to be applied to Korean international traders.
4 1 ECO4064 MICROECONOMIC ISSUE AND APPLICATION Extended Major 3-3-0
This course is designed to provide students opportunities to apply microeconomic theories to real economic issues. Discusses selected issues of microeconomics, such as health economics and urban economics. Many current economic problems will be examined from various theoretical perspectives.
4 1 ECO4065 MACROECONOMIC ISSUE AND APPLICATION Extended Major 3-3-0
This course is designed to provide students opportunities to apply macroeconomic theories to real economic issues. Many current economic problems will be examined from various theoretical perspectives.
4 1 ECO4069 Managerial Economics Extended Major 3-3-0
Managerial economics applies microeconomic theory to business/corporate decision-marking. Students study not only theoretical tools/frameworks to make rational, optimal business decisions but also examples and cases to demonstrate their applications to the real business world. Key topics are production decisions, pricing decisions, strategic decision-making, market structure, market power and government regulation, organizational design, and uncertainty.
4 1 ECO4070 CONTINOUS TIME FINANCE Extended Major 3-3-0
This course studies mathematical tools that play important roles in the fields of financial economics, financial engineering, and derivatives pricing. The course covers the concepts and their properties of various continuous time stochastic processes, stochastic calculus, and the change of measures. It also covers how to apply these tools to price various financial products such as bonds, interest rate derivatives, and others.
4 1 ECO4071 WORLD ECONOMY AND KOREAN PROSPECT Extended Major 3-3-0
This course discusses three major tasks and challenges that Korea may face. First, External tasks and challenges include Korea-US FTA, FDI, and co-development of natural resources in foreign soil. Second challenges are North Korean economy, trans-Siberian railways, etc. Third tasks and challenges are related to internal economy, such as sovereign debt, small and medium sized firms, household debts, instability of foreign exchange market, and social welfare problems.
4 1 ECO4073 Economics of Information and Uncertainty Extended Major 3-3-0
The objective of this course is to explore implications of interactions among rational players. Examples include, but are not restricted to, choice under uncertainty, prospect theory, bargaining, auction, voting and information economics. After going over probability theory and choice under uncertainty, the course will cover various issues in game theory with focus on applications.
4 1 ECO4079 Crime and Economics Extended Major 3-3-0
This course examines economic approaches to understand crime. Based on the traditional rational choice model used by economists, in which individuals make decisions that are optimal for themselves, students will analyze various issues in crime and criminal justice policies. Specifically, this course will discuss determinants of crime, such as poverty, inequality, low education, and peer effects, as well as possible ways of policing and punishment that provide public safety in an efficient and effective manner. Students will be exposed to recent examples of policy interventions to reduce crime and learn to evaluate their strengths and weaknesses. Students are expected to have some knowledge of econometrics, and actively participate in class discussion. Fluency in English is a must.
4 1 ECO4082 Asset Pricing Theory: Continuous Time Model Extended Major 3-3-0
This course is aimed at providing basic knowledge on continuos time finance modelling and its application to the term structure model of interest rates. It has been proven that stochastic calculus is a powerful tool for the valuation of financial assets in both practice and academics. Throughout this course, students will learn about the concept of probability measure and continuous time stochastic process, especially Brownian motion. After these theoretical analysis, students will study about the application of Brownian motion to the context of financial assets and how this applications is related to partial differential equations. Ito’s Lemma and Girsanov Theorem play central roles in these application procedures. The risk neutral valuation formula will be developed and be applied for the term structure models of interest rates, such as Ho and Lee, Vasicek, and CIR models.
4 1 SYH0004 SELF-LEADERSHIP (Compulsory) Requirement in Fundamental Studies 2-2-0
HELP(Hanyang Essential Leadership Plus) is a key program of Hanyang University for educating students who want to be future CEOs. Self Leadership(HELP4) is a leadership development online program for seniors. This program aims to foster leaders based on an analysis of an individual's strengths and weaknesses and complete the Leadership Road Map. Learning contents of Self Leardership(HELP4) incluse Self-Assessment, Self-Management and Skills to apply in Social Practices. Learning objectives of each module are as follows; Self-Assessment: Grade value of the work to do and decide priority, understand importance and meaning of manners and improve manners in social life, and understand attitudes associated with success and put them into practice. Skills to Apply in Social Practice: Define followership, understand the principles of imagination and creativity. This 16 week length course had been developed by the high-tech teaching system and online course development methods.
4 1 ECO3073 DERIVATIVES & RISK MANAGEMENT Extended Major 3-3-0
Recently, the importance of risk management in corporate business is growing due to the economic recession and unrest in financial market. The primary objective of this course is to study the measures and theoretical foundations of risk management using various types of derivatives such as forwards, futures, options and swaps. Main topics to be covered are: understanding of risks and the importance of its management; kinds and characteristics of derivatives; hedging theories and practices for the commodities and financial assets of stock index, interest rate, and foreign exchange; empirical methods and applications; various strategies of risk management using derivatives; and empirical case studies for the effects of risk management. The students are expected to acquire the basic theories and strategies of risk management in real business fields. Prerequisite: Futures and Options
4 1 ECO4069 Managerial Economics Extended Major 3-3-0
Managerial economics applies microeconomic theory to business/corporate decision-marking. Students study not only theoretical tools/frameworks to make rational, optimal business decisions but also examples and cases to demonstrate their applications to the real business world. Key topics are production decisions, pricing decisions, strategic decision-making, market structure, market power and government regulation, organizational design, and uncertainty.
4 1 ECO4071 WORLD ECONOMY AND KOREAN PROSPECT Extended Major 3-3-0
This course discusses three major tasks and challenges that Korea may face. First, External tasks and challenges include Korea-US FTA, FDI, and co-development of natural resources in foreign soil. Second challenges are North Korean economy, trans-Siberian railways, etc. Third tasks and challenges are related to internal economy, such as sovereign debt, small and medium sized firms, household debts, instability of foreign exchange market, and social welfare problems.
4 1 ECO4073 Economics of Information and Uncertainty Extended Major 3-3-0
The object of this course is to explore implications of interactions among rational agents. The course will be two folded. In the first half of the course, the course will explore 1) economic agents’ choice problems under uncertainty (expected utility, risk aversion and contingent commodity markets), 2) hidden information problems (screening problems) with applications of price discrimination and regulations, and 3) hidden action problems (moral hazard problems) with applications of insurance markets and contracts. In the second half of the course, the course will discuss various issues in game theory focusing on 1) extensive form games and their applications including ultimate game, repeated prisoners’ dilemma, dynamic monopoly, 2) bargaining problems (Nash bargaining and strategic bargaining), and 3) Bayesian games and their applications. Students are expected to have knowledge of intermediate microeconomics and game theory (at the level of the standard intermediate microeconomics course). Prerequisite: Intermediate microeconomics, Game theory
4 1 ECO4082 Asset Pricing Theory: Continuous Time Model Extended Major 3-3-0
This course is aimed at providing basic knowledge on continuous time finance modelling and its application to the term structure model of interest rates. It has been proven that stochastic calculus is a powerful tool for the valuation of financial assets in both practice and academics. Throughout this course, students will learn about some discrete time finance models, the concept of probability measure, and continuous time stochastic process, especially Brownian motion. After the theoretical analysis, students will study about application of Brownian motion to the context of financial assets and how the application is related to partial differential equations. The Ito’s Lemma and Girsanov Theorem plays central role in application procedures. The risk neutral valuation formula will be developed and be applied for the term structure models of interest rates. Prerequisite: Mathematics for Economist, Investments
4 1 ECO4084 Issues and Applications in Econometrics Extended Major 3-3-0
4 1 SYH0004 SELF-LEADERSHIP (Compulsory) Requirement in Fundamental Studies 2-2-0
SELP Leadership(HELP4) program will give students chances to look back on themselves before they enter society and to analyze their advantages and weak points to complete the road map for leadership development. This class trains prepared leaders based on analysis of personal strengths and weaknesses and helps them to complete the Leadership Road Map.
4 1 ECO3073 DERIVATIVES & RISK MANAGEMENT Extended Major 3-3-0
Recently, the importance of risk management in corporate business is growing due to the economic recession and unrest in financial market. The primary objective of this course is to study the measures and theoretical foundations of risk management using various types of derivatives such as forwards, futures, options and swaps. Main topics to be covered are: understanding of risks and the importance of its management; kinds and characteristics of derivatives; hedging theories and practices for the commodities and financial assets of stock index, interest rate, and foreign exchange; empirical methods and applications; various strategies of risk management using derivatives; and empirical case studies for the effects of risk management. The students are expected to acquire the basic theories and strategies of risk management in real business fields Prerequisite: Futures and Options
4 1 ECO4069 Managerial Economics Extended Major 3-3-0
Managerial economics applies microeconomic theory to business/corporate decision-marking. Students study not only theoretical tools/frameworks to make rational, optimal business decisions but also examples and cases to demonstrate their applications to the real business world. Key topics are production decisions, pricing decisions, strategic decision-making, market structure, market power and government regulation, organizational design, and uncertainty.
4 1 ECO4073 Economics of Information and Uncertainty Extended Major 3-3-0
The object of this course is to explore implications of interactions among rational agents. The course will be two folded. In the first half of the course, the course will explore 1) economic agents’ choice problems under uncertainty (expected utility, risk aversion and contingent commodity markets), 2) hidden information problems (screening problems) with applications of price discrimination and regulations, and 3) hidden action problems (moral hazard problems) with applications of insurance markets and contracts. In the second half of the course, the course will discuss various issues in game theory focusing on 1) extensive form games and their applications including ultimate game, repeated prisoners’ dilemma, dynamic monopoly, 2) bargaining problems (Nash bargaining and strategic bargaining), and 3) Bayesian games and their applications. Students are expected to have knowledge of intermediate microeconomics and game theory (at the level of the standard intermediate microeconomics course). Prerequisite: Intermediate microeconomics, Game theory
4 1 ECO4082 Asset Pricing Theory: Continuous Time Model Extended Major 3-3-0
This course is aimed at providing basic knowledge on continuous time finance modelling and its application to the term structure model of interest rates. It has been proven that stochastic calculus is a powerful tool for the valuation of financial assets in both practice and academics. Throughout this course, students will learn about some discrete time finance models, the concept of probability measure, and continuous time stochastic process, especially Brownian motion. After the theoretical analysis, students will study about application of Brownian motion to the context of financial assets and how the application is related to partial differential equations. The Ito’s Lemma and Girsanov Theorem plays central role in application procedures. The risk neutral valuation formula will be developed and be applied for the term structure models of interest rates. Prerequisite: Mathematics for Economist, Investments
4 1 ECO4084 Issues and Applications in Econometrics Extended Major 3-3-0
This course covers selected advanced topics in econometrics, both theoretically and in applications. The applications will include the study of the effects of economic policies on economic outcomes. The focus will be on empirical strategies for analyzing cross-section and panel data. The topics possibly covered in this course include, but are not limited to, the Generalized Method of Moments (GMM), Maximum Likelihood Estimation (MLE), nonparametric and semiparametric methods, quantile regression, limited dependent variable models, selection models, duration analysis, bayesian models, and analysis of high-dimensional data sets.
4 1 SYH0004 SELF-LEADERSHIP Compulsory General Studies 2-2-0
HELP(Hanyang Essential Leadership Plus) is a key program of Hanyang University for educating students who want to be future CEOs. Self Leadership(HELP4) is a leadership development online program for seniors. This program aims to foster leaders based on an analysis of an individual's strengths and weaknesses and complete the Leadership Road Map. Learning contents of Self Leardership(HELP4) incluse Self-Assessment, Self-Management and Skills to apply in Social Practices. Learning objectives of each module are as follows; Self-Assessment: Grade value of the work to do and decide priority, understand importance and meaning of manners and improve manners in social life, and understand attitudes associated with success and put them into practice. Skills to Apply in Social Practice: Define followership, understand the principles of imagination and creativity. This 16 week length course had been developed by the high-tech teaching system and online course development methods.
4 2 ECO2013 International Trade Practice Elective Major 3-3-0
4 2 ECO4010 Topics in Economics Elective Major 3-3-0
Lectures for advanced economics students on various topics.
4 2 ECO4014 Modern Economic Thoughts Elective Major 3-3-0
A survey of the theories of contemporary economics including neo-Marxism, neo-institutionalism, with reference to property right / transition cost, and constitutional economics in its inter-relation with ordo-liberalism.
4 2 ECO4026 Seminar in International Finance Elective Major 3-3-0
A discussion-oriented course intended to understand diverse issues on international finance. Topics such as money and exchange rate regimes, income determination and macroeconomic policy, and foreign direct investment, are covered. Students are encouraged to give presentations on their own selected research topics.
4 2 ECO4035 Distribution Economics Elective Major 3-3-0
An area of applied economics; covers distribution systems and practice, policies on distribution of goods, theoretical issues on the functions of distribution systems, the performance of distribution systems, and policies to improve the effeciency of distribution systems.
4 2 ECO4036 Understanding The Asia-Pacific Economy Elective Major 3-3-0
4 2 BUS2010 Managerial Economics Elective Major 3-3-0
General introduction to managers' economic decisions based on the theory of production and the firm. Topics include demand analysis and forecasting, short-run and long-run production and cost analysis, pricing of goods and services, and economic analysis of investment. It covers both basic concepts and their applications to real life problems. Among many others, interesting applications include pricing of goods and services in the public enterprises, pricing of individual products by the multi-output firms, capital bugeting in the public and private enterprises, and economic analysis of investment in the telecommunications industry.
4 2 ECO4002 Seminar in Economy Elective Major 3-3-0
A team teaching on such microeconomic issues as regional development, urban transportation, and environmental problems. Classes will consist of lectures and student presentations.
4 2 ECO4035 Distribution Economics Elective Major 3-3-0
An area of applied economics which covers firms' efforts to establish an efficient supply chain in globalized world economy and many different actual practices to achieve this goal. On the other hand Distiribution Economics examines the world system of distiribution, mainly the appropriateness of maritime transportation and infrastructures such as shipping, ports, road, railroad, logistics area and other logistics platforms etc. in order for the students to be theorectically prepared for better government logistics policies.
4 2 ECO4050 Practices in International Trade Elective Major 3-3-0
Mechanisms and institutions concerning import and export; trade laws and regulations to be applied to Korean international traders.
4 2 ECO4054 Understanding World Economy Elective Major 3-3-0
This course is intended to show economics majoring students to understand the national economy of the world. Macroeconomic aspects of the national economy of the countries which have close economic contacts with Korea: trends of the economic growth, per capita income, inflation, unemployment, exchange rate, interest rates, industrial structure, trade structure with vis-a-vis Korea and commercial policies. Moreover students will be assigned to choose one current economic issues between the Korean economy and one major trading partner country such as trade dispute, immigration of foreign labors, etc. and present the research outcome in the classroom.
4 2 ECO4055 Current Issues in International Financial Environment Elective Major 3-3-0
A discussion-oriented course intended to understand diverse issues on international finance. Topics such as money and exchange rate regimes, income determination and macroeconomic policy, and foreign direct investment, are covered. Students are encouraged to give presentations on their own selected research topics.
4 2 ECO3040 Economics of Information and Telecommunications Extended Major 3-3-0
Studies IT industries and discusses their effects on the economy. Economics issues of telecommunications services industry, especially mobile telecommunications industry is analysed. Major topics include definition of market, evaluation of market competition, market power, price regulation, concept of costs, radio frequency and technology of mobile services, and spectrum management polcy. Also, convergence phenomenon between telecommunications and broadcasting is introduced.
4 2 ECO4035 Distribution Economics Extended Major 3-3-0
An area of applied economics; covers distribution systems and practice, policies on distribution of goods, theoretical issues on the functions of distribution systems, the performance of distribution systems, and policies to improve the effeciency of distribution systems.
4 2 ECO4054 Understanding World Economy Extended Major 3-3-0
This course is intended to show economics majoring students to understand the national economy of the world. Macroeconomic aspects of the national economy of the countries which have close economic contacts with Korea: trends of the economic growth, per capita income, inflation, unemployment, exchange rate, interest rates, industrial structure, trade structure with vis-a-vis Korea and commercial policies. Moreover students will be assigned to choose one current economic issues between the Korean economy and one major trading partner country such as trade dispute, immigration of foreign labors, etc. and present the research outcome in the classroom.
4 2 ECO4063 INTERNATIONAL FINANCIAL MARKETS AND INTERNATIONAL INVESTMENT Extended Major 3-3-0
Covers the current issues of the international financial markets such as foreign exchange market, syndicate loan market, Euro market and discusses investment and investment strategy on international financial products.
4 2 ECO4064 MICROECONOMIC ISSUE AND APPLICATION Extended Major 3-3-0
This course is designed to provide students opportunities to apply microeconomic theories to real economic issues. Discusses selected issues of microeconomics, such as health economics and urban economics. Many current economic problems will be examined from various theoretical perspectives.
4 2 ECO4066 GOVERNMENT AND ECONOMIC DEVELOPMENT Extended Major 3-3-0
Starts with theory of economic growth and focuses on roles of government in economic development by analysing various factors affecting economic development, such as physical capital, human capital, trade, finance, corruption, institutions, and economic transition.
4 2 ECO4067 Applied Econometrics Extended Major 3-3-0
The purpose of this course is to discuss econometric models and methods likely to be useful in any empirical studies. This course is designed for the student to learn how to conduct and how to critique empirical studies in economics and related fields. Accordingly, the emphasis of the course is on empirical applications. The course work will include a series of homework exercises, some of which will be computer exercises involving analysis of economic data. Excel or some relevant statistical tools will be used for those empirical exercises.
4 2 ECO3040 Economics of Information and Telecommunications Extended Major 3-3-0
Studies IT industries and discusses their effects on the economy. Economics issues of telecommunications services industry, especially mobile telecommunications industry is analysed. Major topics include definition of market, evaluation of market competition, market power, price regulation, concept of costs, radio frequency and technology of mobile services, and spectrum management polcy. Also, convergence phenomenon between telecommunications and broadcasting is introduced.
4 2 ECO4035 Distribution Economics Extended Major 3-3-0
An area of applied economics; covers distribution systems and practice, policies on distribution of goods, theoretical issues on the functions of distribution systems, the performance of distribution systems, and policies to improve the effeciency of distribution systems.
4 2 ECO4054 Understanding World Economy Extended Major 3-3-0
This course is intended to show economics majoring students to understand the national economy of the world. Macroeconomic aspects of the national economy of the countries which have close economic contacts with Korea: trends of the economic growth, per capita income, inflation, unemployment, exchange rate, interest rates, industrial structure, trade structure with vis-a-vis Korea and commercial policies. Moreover students will be assigned to choose one current economic issues between the Korean economy and one major trading partner country such as trade dispute, immigration of foreign labors, etc. and present the research outcome in the classroom.
4 2 ECO4063 INTERNATIONAL FINANCIAL MARKETS AND INTERNATIONAL INVESTMENT Extended Major 3-3-0
Covers the current issues of the international financial markets such as foreign exchange market, syndicate loan market, Euro market and discusses investment and investment strategy on international financial products.
4 2 ECO4066 GOVERNMENT AND ECONOMIC DEVELOPMENT Extended Major 3-3-0
Starts with theory of economic growth and focuses on roles of government in economic development by analysing various factors affecting economic development, such as physical capital, human capital, trade, finance, corruption, institutions, and economic transition.
4 2 ECO4067 Applied Econometrics Extended Major 3-3-0
The purpose of this course is to discuss econometric models and methods likely to be useful in any empirical studies. This course is designed for the student to learn how to conduct and how to critique empirical studies in economics and related fields. Accordingly, the emphasis of the course is on empirical applications. The course work will include a series of homework exercises, some of which will be computer exercises involving analysis of economic data. Excel or some relevant statistical tools will be used for those empirical exercises.
4 2 ECO4080 Advanced Derivatives Pricing Extended Major 3-3-0
This course is for students who want a professional career as a “quant” in asset management companies, pension funds, investment banks, or commercial banks. Besides, this course is for those who want to study further in graduate schools, including KAIST, in realted fields like financial engineering. The course is concerned with advanced pricing of derivatives securities and fixed income securities and their underlying thoeries such as Brownian motions, Ito’s lemma, Girsanov Theorem and equivalent martingale measure. Students will be given opportunities to meet those financial professionals currently active in Korean financial markets.
4 2 ECO4081 Introduction to Quantitative Finance Extended Major 3-3-0
This course is an introductory level computational finance class. Quantitative finance plays a central role in the valuation of financial assets and such knowledge on computational methods is essential to nurture financial specialists. This course firstly introduces “MATLAB”as the primary programming language in the calculation of asset returns and the implementation of capital asset pricing model. Students will study the theoretical background for asset valuation such as stochastic calculus and risk neutral pricing. Based on these theoretical analyses, students will compute option prices by using tree different models- binomial tree models, Monte-Carlo simulations, and finite difference methods.
4 2 ECO4066 GOVERNMENT AND ECONOMIC DEVELOPMENT Extended Major 3-3-0
Starts with theory of economic growth and focuses on roles of government in economic development by analysing various factors affecting economic development, such as physical capital, human capital, trade, finance, corruption, institutions, and economic transition.
4 2 ECO4079 Crime and Economics Extended Major 3-3-0
This course studies economic approaches to understand crime problems. Based on the traditional rational choice model used by economists, students will analyze various issues in understanding crime problems and developing successful crime-control policies. Specifically, this course will discuss determinants of crime, such as poverty, inequality, low education, peer effects, as well as potential crime-control strategies that can improve public safety in an efficient and effective manner. Students will be exposed to recent examples of crime-control policy interventions and learn to evaluate their strengths and weaknesses. This course will also introduce students to the use of econometric methods to recover causal effects of interest from data on crimes and criminals. Students will read and discuss a number of recent empirical studies done by economists, and write a short research paper containing an original empirical analysis. Prerequisite: Econometrics
4 2 ECO4080 Advanced Derivatives Pricing Extended Major 3-3-0
This course is for students who want a professional career as a “quant” in asset management companies, pension funds, investment banks, or commercial banks. Besides, this course is for those who want to study further in graduate schools, including KAIST, in realted fields like financial engineering. The course is concerned with advanced pricing of derivatives securities and fixed income securities and their underlying thoeries such as Brownian motions, Ito’s lemma, Girsanov Theorem and equivalent martingale measure. Students will be given opportunities to meet those financial professionals currently active in Korean financial markets.
4 2 ECO4081 Introduction to Quantitative Finance Extended Major 3-3-0
This course is an introductory level computational finance class. Quantitative finance plays a central role in the valuation of financial assets, and such knowledge on computational methods is essential to nurture financial specialists. This course introduces “MATLAB” as the primary programming language. The course will also review some essential concepts in Statistics and Mathematics, such as probability distributions, matrix algebras and differential equations. Students will compute call and put option prices by using three different models ? binomial tree models, Monte-Carlo simulations, and finite difference methods. The pricing of exotic option will be lectured as well. In addition, students will also acquire useful techniques for the optimization of portfolio, unconstrained and constrained optimization tools in MATLAB. If time allows, a new programming language, Python would be briefly reviewed as well. Prerequisite: Mathematics for economist, Investments, Econometrics
4 2 ECO4085 Time series analysis with big data Extended Major 3-3-0
This course focuses on applying empirical financial data to some of the important finance models that are covered in the intermediate-level asset pricing courses. In comparison to other undergraduate-level finance courses, this course is intended to teach students how to collect, interpret and process empirical data and how to apply the data to the theoretic models covered in class to draw some meaningful conclusions that can be used to understand the real financial market. Hence, a great deal of emphasis will be placed on hands-on experience of analyzing the real world data using a programming language. To that end, this course uses MATLAB. The specific topics of the course include: basic econometric concepts, linear time series analysis, capital asset pricing model, conditional heteroskedastic model, high-frequency data analysis, value-at-risk, multivariate time series model, Bayesian analysis, and state-space model. Prerequisite: Econometrics
4 2 ECO4066 GOVERNMENT AND ECONOMIC DEVELOPMENT Extended Major 3-3-0
Starts with theory of economic growth and focuses on roles of government in economic development by analysing various factors affecting economic development, such as physical capital, human capital, trade, finance, corruption, institutions, and economic transition.
4 2 ECO4079 Crime and Economics Extended Major 3-3-0
This course studies economic approaches to understand crime problems. Based on the traditional rational choice model used by economists, students will analyze various issues in understanding crime problems and developing successful crime-control policies. Specifically, this course will discuss determinants of crime, such as poverty, inequality, low education, peer effects, as well as potential crime-control strategies that can improve public safety in an efficient and effective manner. Students will be exposed to recent examples of crime-control policy interventions and learn to evaluate their strengths and weaknesses. This course will also introduce students to the use of econometric methods to recover causal effects of interest from data on crimes and criminals. Students will read and discuss a number of recent empirical studies done by economists, and write a short research paper containing an original empirical analysis. Prerequisite: Econometrics
4 2 ECO4080 Advanced Derivatives Pricing Extended Major 3-3-0
This course is for students who want a professional career as a “quant” in asset management companies, pension funds, investment banks, or commercial banks. Besides, this course is for those who want to study further in graduate schools, including KAIST, in realted fields like financial engineering. The course is concerned with advanced pricing of derivatives securities and fixed income securities and their underlying thoeries such as Brownian motions, Ito’s lemma, Girsanov Theorem and equivalent martingale measure. Students will be given opportunities to meet those financial professionals currently active in Korean financial markets.
4 2 ECO4081 Introduction to Quantitative Finance Extended Major 3-3-0
This course is an introductory level computational finance class. Quantitative finance plays a central role in the valuation of financial assets, and such knowledge on computational methods is essential to nurture financial specialists. This course introduces “MATLAB” as the primary programming language. The course will also review some essential concepts in Statistics and Mathematics, such as probability distributions, matrix algebras and differential equations. Students will compute call and put option prices by using three different models ? binomial tree models, Monte-Carlo simulations, and finite difference methods. The pricing of exotic option will be lectured as well. In addition, students will also acquire useful techniques for the optimization of portfolio, unconstrained and constrained optimization tools in MATLAB. If time allows, a new programming language, Python would be briefly reviewed as well. Prerequisite: Mathematics for economist, Investments, Econometrics
4 2 ECO4085 Time series analysis with big data Extended Major 3-3-0
This course focuses on applying empirical financial data to some of the important finance models that are covered in the intermediate-level asset pricing courses. In comparison to other undergraduate-level finance courses, this course is intended to teach students how to collect, interpret and process empirical data and how to apply the data to the theoretic models covered in class to draw some meaningful conclusions that can be used to understand the real financial market. Hence, a great deal of emphasis will be placed on hands-on experience of analyzing the real world data using a programming language. To that end, this course uses MATLAB. The specific topics of the course include: basic econometric concepts, linear time series analysis, capital asset pricing model, conditional heteroskedastic model, high-frequency data analysis, value-at-risk, multivariate time series model, Bayesian analysis, and state-space model. Prerequisite: Econometrics