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					UNIVERSITY        Faculty of Social Sciences and Humanities

             Department of
 Special Features
 University of Macau (UM)

 Department of Economics

 B.Soc.Sc. in Economics
 2+2 Programme
 M.Soc.Sc. in Economics
 Ph. D. in Economics

 Facilities

 Academic Staff
 Selected Staff Publications

 Financial Issues
 Contact Information
Special Features
Our Teachers
 All teachers are Ph.D. holders

 50% of them graduated from the world’s top
   100 universities
 Recruited from universities in UK, US, Canada,
   Australia and France
 Years of teaching experience
University of Macau (UM)
 A public institution of higher learning dedicated to the creation, transmission and
   diffusion of culture, science and technology
 Total students population: 6,600 in 2008/09
 Total academic staff: 400
 Five faculties:
       Faculty of Business Administration
       Faculty of Education
       Faculty of Law
       Faculty of Social Sciences and Humanities
       Faculty of Science and Technology
    Department of Economics
 History of establishment
       Study of economics started in 1981
       Economics Programme was formed in 1993 as a unit of combined FSH
       Department of Social Sciences was created in 2002
       Department of Economics was created within the FSH in 2006
 Strengthened areas such as economic research, conferences / seminars and
 Held an International Symposium on Chinese Economic Growth: Causes, Prospects and
   Its Implications for Macao on the 2nd and 3rd March, 2007
 Held the International Conference on Economic Integration in the Greater China Region
   on 29th-30th March, 2009
 More than 300 graduates across the globe and in a wide variety of positions in private
   organizations such as Macao International Airport, Banks, Casinos and Government
   departments; or studying for advanced degrees overseas
Department of Economics
 Joseph Stiglitz, 2001 Nobel Laureate in Economics, delivered a
   public lecture title “Lessons from the Financial Crisis in Asia” and
   received the honorary degree of Doctor of Social Sciences
   conferred by our University.

 In 2005, a university-level appointment was made to Sir James A.
   Mirrlees, 1996 Nobel Laureate in Economics, as Distinguished
   Professor of Economics.
       Sir James A. Mirrlees received the honorary degree of Doctor of
        Social Sciences conferred by our University.
B.Soc.Sc. in Economics
 Both theoretical and applied
 Internationally recognized
 Taught in English
 Global and local
 Exchange programmes with foreign universities

 Compulsory courses: economics, quantitative tools, languages and
   social sciences
 Free elective courses: economic theory & policy; social sciences;
   business applications; others
B.Soc.Sc. in Economics
(for local and foreign students)
 English I
 Mathematics A or Mathematics B

Direct Admission & Transfer Admission
Please refer to for
more details

(for Mainland Chinese students)
 Form Six / Senior Middle three graduates
 National Higher Education Entrance Examination results in meeting First
    admission mark requirement of applicant’s province
 Please refer to for
    more details
B.Soc.Sc. in Economics
Degree Structure
 First year                          Second year
     Basic Microeconomics                  Intermediate Microeconomics I
     Basic Macroeconomics                  Intermediate Macroeconomics I
     Mathematics I                         Intermediate Microeconomics II
     Mathematics II                        Intermediate Macroeconomics II
     English Language Requirement          Statistical Analysis I
     Social Sciences Courses               Statistical Analysis II
     Free Electives                        Social Sciences Research Methods I
                                            English Courses
                                            Social Sciences Courses
                                            Free Electives
B.Soc.Sc. in Economics
Degree Structure
 Third year                                    Fourth year
     The Modern Macau Economy                        Labour Economics
     The Chinese Economy                             Industrial Economics
     History of Economic Thought                     Money and Banking
     International Trade: Theory and Policy          Public Finance
     Comparative Economic Systems
                                                      Economies of the Asia-Pacific Region
                                                      Seminar
     Economic Growth and Development I
                                                      Economics Required Elective Courses *
     International Monetary Economics
                                                      Free Electives
     Mathematics for Economics
     Econometrics I
     Econometrics II
     Social Sciences Course
     Free Elective
B.Soc.Sc. in Economics
Degree Structure
 * Economics Required Elective Courses
     Social Sciences Research Methods II      International Economic Law
     Managerial Economics                     Applied Economics
     Western Economic History                 Economy of Hong Kong, Macau and the
     Chinese Social and Economic History
                                                Pearl River Delta
     Economic Growth and Development II
                                               European Economics
     Comparative Financial Systems
                                               Forecasting Methods
     Economic Geography
                                               Advanced Microeconomics
     Urban Economics
                                               Advanced Macroeconomics
     Location Analysis
                                               Welfare Economics
     Urban Geography
                                               Social Science Research Project I
     History of The Pearl River Delta
                                               Social Science Research Project II
2+2 Programme
Under 2+2 Programme, students may have opportunity to study in Macau to obtain 2
undergraduate degrees; certificates will be awarded by Lingnan (University) College and
University of Macao respectively.

 Target: 2nd-year students of undergraduate degree of Lingnan (University) College
 Requirement: GPA 2.5 or above (average score 75 or above)
 No. of students: at a maximum of 3
 Length of period: 2 years
 Result Announcement: May

Financial Assistance and Scholarship
(according to performance per academic year)
 Scholarship awarded
 Tuition Fee reduction
 Dormitory Fee reduction
M.Soc.Sc. in Economics
 General
      Full-time programme over two years
      Coursework and dissertation
      Academic performance on maintenance
       of normal academic progress

 Admissions
      Holders of undergraduate degree in Economics are
      English proficiency, such as:
          TOFEL (min. score of 550) and/or

          IELTS (min. score of 6.0)

          CERT (level 6.0)
M.Soc.Sc. in Economics
 Degree Structure
      First year / First semester (Four Compulsory Courses)
          Microeconomic Theory (Hal Varian, Microeconomic Analysis)

          Macroeconomic Theory (David Romer, Advanced Macroeconomic in Economics)

          Methods of Economic Research

          Econometric Analysis I (William Greene, Econometric Analysis)

      First year / Second semester (Four Elective Courses from the followings)
          International Trade and Finance

          Advanced Topics in Economic Theory

          Industrial Organization

          The Chinese Economy

          Public Economy

          Regional Economies

          (Asia-Pacific / European Monetary Union)

      Second year / First and Second semesters
         Dissertation
Ph. D. in Economics
 Admissions
    Research degree by dissertation
    Masters degree in Economics or its equivalent is expected
    English proficiency
       TOFEL (min. score of 550)

       IELTS (min. score of 6.0)

       CERT (level 6.0)

 Thesis Topic Area
       The Chinese Economy (including Macao)
       Development Economics
       Microeconomics
       Public Economics
       Welfare Economics
Facilities in University of Macau
 Library Facilities
       Working space area of 15,000 m2
       Seating capacity of 400
       A stock of 5,000 volumes on economics
       1,200 periodicals
       Audio-visual materials, maps, microforms, newspapers,
        and other special materials
       Official publication from ten international organizations
        (UN, ILO, WB, WTO, WFP, APEC, ADB, NATO, UNRISD, and EU)
       Economic Database: JStor, ScienceDirect, EconLit, EBSCO, and the Blackwell
        Publishers’ Humanities and Social Science Collection
Facilities in University of Macau
 E-campus
      Over 1,700 personal computers
      Over 100 workstations and servers
      Open for 24 hours a day, 7 days a week
      Multimedia supporting center
      The WebCT system, the Optical Mark Recognition, the
       Video Conference system and the Streaming Video system
      Net-Wireless service
      Secure Sockets Layer-Virtual Private Network
      Standard software and special econometrics packages (such as SPSS, SAS, EViews,
       STATA and Limdep) to research students
Academic Staff
      Mirrlees, James A. (University-Level Appointment)
      Distinguished Professor of Economics
      Ph. D in Economics, University of Cambridge, HK
      (Taxation, Growth, Microeconomics)

      Chang, Hsiao-Chuan
      Assistant Professor
      Ph. D in Economics, Australian National University, Australia
      (Mircroeconomics, Mathematics, Statistics, Principles of Economics, International Trade)

      Chen, Yu
      Assistant Professor
      Ph. D in Economics; University of Clermont-Ferrand-I (Auvergne), France
      (Chinese Economy, Microeconomics, Economics of Development)

      Ho, Wai Hong Patrick (Coordinator of Undergraduate Programme)
      Associate Professor
      Ph. D in Economics, Virginia Polytechnic Institute & State University, USA
      (Public economics, Economic growth of East Asian countries, Financial intermediation)

      Kwan, Fung (Department Head; Coordinator of Postgraduate Programme)
      Assistant Professor
      Ph. D. in Economics, University of London, UK
      (Chinese economy, Economic development, macroeconomics, Macao economy)
Academic Staff
      Liu, Chun Wah
      Assistant Professor
      Ph. D. in Economics, University of Wisconsin - Madison, USA
      (Comparative economics, Information economy, Industrial economics and Institutional economics)

      Porapakkarm Ponpopje
      Assistant Professor
      Ph. D. in Economics, University of Virginia, USA
      (Macroeconomics, Money and Banking, Statistics)

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

      Zheng, Mingli
      Associate Professor
      Ph.D. in Mathematics, Huazhong University of Science and Technology, China
      Ph.D. in Economics, University of Toronto, Canada
      (Applied econometrics, Applied microeconomics, Industrial organization, Law and economics)
Selected Staff Publications
   Chang, Hsiao-chuan. (2007) “Budget Balance and Trade Balance: Kin or Strangers. A Case Study of Taiwan”,
    Oxford Journal, 6 (1) 75-81.

   Chen, Yu (2008). "Opening-up or Institutional Development? Evidence from China". International Economic
    Journal, 22 (4) 419-430.

   Chen, Yu. (2009) "What Do We Need Besides Trade?" Journal of Chinese Economic and Business Studies, 7
    (1) 17-30.

   Ho, Wai Hong Patrick. (2005). "Public Capital, Asymmetric Information and Economic Growth" with Yong
    Wang, Canadian Journal of Economics, 38(1), 57 - 80.

   Ho, Wai Hong Patrick & Yong Wang (2007) "Factor Income Taxation and Growth under Asymmetric
    Information", Journal of Public Economics, 91(3-4), 775 - 789.

   Kwan, Fung (2009) “Agricultural Labour and the Incidence of Surplus Labour: Experience from China During
    Reform”, Journal of Chinese Economic and Business Studies. 7 (3), 341-361.
Selected Staff Publications
   Sun, Guang-Zhen (2009), “The Age-Dependent Value of Time: A Lifecycle Analysis”, Journal of Economics ,
    97(3), 233-250.

   Wong Ka Kei Gary and H J Park (2007), “The Use of Conditional Cost Function to Generate Estimable Mixed
    Demand Systems”, American Journal of Agricultural Economics, 89 273-286.

   Wong Ka Kei Gary and K R McLaren (2005), “Specification and Estimation of Inverse Demand Systems: A
    Distance Function Approach”, American Journal of Agricultural Economics, 87, 823-834.

   Zheng, Mingli (2005) “Rational Legal Decision-Making, Value Judgment and Efficient Precaution in Tort Law,”
    Journal of Institutional and Theoretical Economics, 161(3), 411-427.

   Zheng, Mingli (2006) “Bidding Behavior in Competing Auctions: Evidence from eBay,” European Economic
    Review, 50(2), 307-322.
Financial Issues
 The scheme of tuition fees for 2010-2011 is as below:
                    Macao, Hong Kong,
  Programmes                                      Other Countries           Normal Study Period
                China mainland and Taiwan
 B.Soc.Sc.     MOP26,800 (per academic year) MOP34,600 (per academic year) 4 academic years
 M.Soc.Sc.     MOP61,600                     MOP76,800                     2 academic years
 Ph.D          MOP75,600                     MOP94,500                     3 academic years

 Graduate assistantships and studentships
    URL: for details
Studying and Living in Macao
 Three types of on-campus hostel:

       Single room  MOP2,000 per month
       Double room  MOP1,200 per month
       Shared room  MOP800 per month
 Medical Service

 Cost of living in Macao  monthly min. MOP2,800

 Official currency in Macao  MOP

       HKD1 = MOP1.03; USD1 = MOP8.03; ECU1 = MOP9.4
 Macao Immigration Department’s URL:
 Detailed portrait of Macao city:
Contact Information
     Address: Department of Economics, Faculty of Social Sciences and
               Humanities, University of Macau, Room TM2A, Tai Fung
               Building, Taipa, Macao SAR, China
     Telephone: 853-83974274                                Telefax: 853-28838312
     Email:                                    URL:

                              Programme                                       Application Period
    Doctoral Degree                                                     Please visit the Graduate School
    (For Local, Chinese Mainland and Foreign Students)                 webpage
    Master's Degree and Postgraduate Certificate
                                                                         04 January - 31 March, 2010
    (For Local and Foreign Students)
    Master's Degree (For Chinese Mainland Students)                      04 January – 31 March, 2010
    Bachelor's Degree (Recommended Direct Admission)                         11 - 29 January, 2010
    Bachelor's Degree
                                                                         08 February - 03 March, 2010
    (Admission Examination - for Local and Foreign Students)
    Bachelor's Degree
                                                                              01 - 30 April, 2010
    (Direct and Transfer Admission - for Local and Foreign Students)
    Bachelor's Degree (For Chinese Mainland Students)                       10 May - 30 June, 2010
~ Thank you ~