Department of Economics & Finance
College of Business - City University of Hong Kong AACSB International EQUIS - European Quality Improvement System

Research Degree Programmes

Introduction

The Department is committed to training and fostering prospective students to become excellent researchers and outstanding professionals in the areas of economics and finance. We offer research degree programmes leading up to the degree of Master of Philosophy (MPhil) and Doctor of Philosophy (PhD). Upon completion of the programme, students will be well-equipped to work and contribute significantly in academic institutions and in various business sectors. The Department has one of the strongest research teams in Asia in the field of economics and finance. The areas of strength of our current faculty members include, among others, international trade and finance, economic development and growth, micro and macro economic theory, econometrics, money and banking, urban and real-estate economics, Chinese economy, public economics, corporate finance, financial markets, market microstructure, security analysis and portfolio management, derivative instruments, banking system and financial institutions, and management of financial institutions.

Research Rankings of the Department of Economics and Finance in Asia:
 

  • No. 1 in International Economics (Review of International Economics, 2009)
  • No. 2 (in Asia) / No. 25 (in the world) in Finance by Publications in Top 4 Finance Journals (the ASU Finance Research Rankings, 2011)
  • No. 2 in Real Estate (Journal of Real Estate Finance and Economics, 2011)
  • No. 3 in Development Economics (Review of International Economics, 2009)
  • No. 5 in Economics (Journal of Asian Economics, 2008)

In Asia, we are ranked No. 1 for our per capita research publications in Economics (Review of International Economics, 2008)

Programme Details

Programme Structure

Coursework Requirements
MPhil/PhD students are required to take the stipulated courses specified by the Chow Yei Ching School of Graduate Studies and the College of Business. In addition, students have to fulfill the following coursework requirements designated by the Department.

PhD students have to take the following 6 core courses (18 credits) and at least 1 or 2 elective courses (6 credits).

For Economics students:
 


 

 

  • Advanced Microeconomics
  • Advanced Macroeconomics
  • Econometrics
  • Topics in Microeconomics
  • Topics in Macroeconomics
  • Topics in Econometrics

For Finance students:

 

 

 

  • Advanced Corporate Finance
  • Advanced Microeconomics
  • Econometrics
  • Empirical Research in Finance
  • Financial Economics
  • Topics in Microeconomics

MPhil students have to take the following 2 core courses.

For Economics students:

 

  • Advanced Microeconomics
  • Advanced Macroeconomics

For Finance students:

 

  • Advanced Corporate Finance
  • Empirical Research in Finance

In addition, PhD students are also required to complete the Comprehensive Examination successfully at the end of their second year of study.

Thesis Submission
An MPhil thesis should present the results of research investigation, give evidence of a sound understanding of the area of study, its context and applicability, and make a contribution to knowledge. A PhD thesis, in addition to the above, should make a substantial original contribution to knowledge in the subject area concerned.

Supervisory Arrangement

During the study period, research degree student will be supervised by at least one teaching staff of the Department.

Study Period

Students are required to complete their studies, including the submission of their theses, within the below stipulated study periods.

Degree Period of Study (year)
Full-time Part-time
MPhil 2 4
PhD (who have obtained a research master’s degree before admission) 3 6
PhD (who have NOT obtained a research master’s degree before admission) 4 8

Admission

Admission applications should be sent directly to Chow Yei Ching School of Graduate Studies. For admission details, please refer to the below web sites. To apply on-line, please click Apply Now.

Research Proposal
Although the submission of research proposal is not compulsory, applicant is encouraged to provide a few-page proposal on the topic you intend to study, and how you want to approach the problem. Inclusion of details of your plan and a reference list would be helpful too.

Admission Handbook - Research Degree Programmes 2015 Entry (Chow Yei Ching School of Graduate Studies)
It provides information about entrance requirements, English proficiency requirements, application procedures, tuition fees (2015-2016), financial supports and scholarships (priorities will be given to PhD applicants).

Hong Kong PhD Fellowship Scheme (2014/2015)

Applications

Note: Applicants do not need to contact individual professors before applying.

Current Research Students and Specializations (2013/2014)

Current Research Students Research Specializations Supervisors
CHEN Chong Mergers & Acquisitions, IPO Dr WU Xueping
CHEN Jie Asset Pricing Dr WANG Junbo
HONG Jie Carry Trade and Hatbit Formation Dr LI Tao
HUANG Ju Real Estate Economics China and Hong Kong Property Market Dr Charles LEUNG
HUI Yafu Corporate Finance Dr ALIMOV A Azizjon / Dr WU Xueping
LIU Min Corporate Finance Dr WU Xueping
LU Weijie Corporate Hedging Dr Margaret ZHU / Dr QI Yaxuan
MAN Kwok Leung Ryan Real Estate Economics and Experimental Economics Dr Charles LEUNG
Qi Chengyu Corporate Finance & Corporate Governance Dr CAI Jun
SHI Xi Financial Economics Dr WANG Yong
YANG Yibo Economic Growth, Trade and Intellectual Property Rights Dr WANG Yong


 

First-Year Research Students Supervisors
BIAN Yuli Dr LI Yin Jay / Dr WU Xueping
CAI Rong Dr QI Yaxuan
DONG Yiyi Dr Charles LEUNG
HE Xiaoxiao Dr ZHU Rui Margaret / Dr WU Xueping
JI Yufei Dr WANG Yong
KASHYAP Ravi Dr WANG Yong
LIN Zhitao Prof CHEUNG Yin-Wong
LUO Weiqing Dr KIM Ryoonhee / Dr CAI Jun
WEI Xiao Prof MA Yue
XIAO Junchao Dr WANG Junbo
ZHONG Xiaoling Dr WANG Junbo