Department of Economics & Finance
AACSB International EQUIS - European Quality Improvement System

PhD/MPhil (Economics)

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 Doctor of Philosophy (PhD) and Master of Philosophy (MPhil). Upon completion of the programme, students will be well-equipped to work and be able to 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 the top 25% institutions in Hong Kong and 4 faculty members ranked amongst the top 25% authors in Hong Kong (IDEAS, RePEc website), accessed in March 2018

Economics

  • No. 1 in per capita research publications in Economics (Review of International Economics, 2008)
  • No. 1 in International Economics (Review of International Economics, 2009)
  • No. 2 in Real Estate (Journal of Real Estate Finance and Economics, 2011)
  • No. 3 in Development Economics (Review of International Economics, 2009)

 

Graduate Placements

(Outstanding)

HO Cheuk Yin Assistant Professor, Beijing Normal University·Hong Kong Baptist University, United International College, Hong Kong
HUANG Ju Assistant Professor, Nanjing Audit University, China
JIANG Mingming Assistant Professor, Shandong University, China
PANG Yu Assistant Professor, Macau University of Science and Technology
LAI Te Assistant Professor, Guangdong University of Foreign Studies, China
LI Lingxiao Assistant Professor, California State University, USA
LIN Mi  Lecturer, University of Lincoln, UK
LIN Zhitao Assistant Professor, Jinan University, China
SO Pik Ki Lecturer, Hong Kong Baptist University, Hong Kong
TANG Chi Ho Assistant Professor, Hong Kong Shue Yan University
XIAO Hong Manager, Hong Kong Monetary Authority, Hong Kong

Programme Details

Programme Structure

Coursework Requirements
PhD/MPhil 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 (for cohort 2019 and thereafter)

Year 1   Semester A    EF8070 Advanced Microeconomics
    EF8072 Advanced Macroeconomics
    EF8090 Advanced Econometrics
    1 course (at least 3 credits) from other departments of the College of Business
  Semester B SG8001 Teaching Students: First Steps
    EF8071 Topics in Microeconomics
    EF8075 Topics in Econometrics
  Summer Qualifying Examination
     
Year 2 Semester A / B EF8078 Topics in Macroeconomics
    Earn AT LEAST 6 credits from below courses:
    EF5400 Advanced International Trade
    EF5402 Economic Growth and Development
    EF8074 Independent Project
    EF8077 Theoretical Asset Pricing
  Summer FB8905 Project (Thesis Proposal Defense)
     
Year 3 Semester A Con't FB8905 Project (Thesis Proposal Defense)
  Semester A / B FB8914 Doctoral Seminar
    Submission of PhD Thesis

MPhil

Year 1   Semester A / B SG8001 Teaching Students: First Steps
    EF8070 Advanced Microeconomics
    EF8072 Advanced Macroeconomics
    EF8075 Topics in Econometrics
    EF8090 Advanced Econometrics
     
Year 2 Semester A / B 1 course (at least 3 credits) from other departments of the College of Business
    Submission of MPhil Thesis

 

PhD students are also required to complete the Qualifying Examination successfully by 31 December of the 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 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 websites. 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 (Chow Yei Ching School of Graduate Studies)

It provides information about entrance requirements, English proficiency requirements, application procedures, tuition fees, financial supports and scholarships.

Hong Kong PhD Fellowship Scheme

Applications

Applications are accepted throughout the year and will be considered mainly in one admission round. The application deadline for 2020 entry is 2 December 2019 at noon (Hong Kong time or GMT+8 hours) and the application results will be announced in March 2020.

For application procedures, please visit Chow Yei Ching School of Graduate Studies website.

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

Scholarships

Entrance Scholarships

Scholarships are available for government-funded research students:

  • Postgraduate Studentships (HK$17,000/month for 2019-2020)*
  • Chow Yei Ching School of Graduate Studies Scholarships (to cover student's tuition and on-campus hostel accommodation fees in first year of study)
  • Research Tuition Scholarship (in the form of an exemption for students from paying tuition fees)
  • Conference Grant (HK$10,000 maximum)*
  • Research Activities Fund (HK$30,000 maximum)*

​* Subject to revision every year

Awards offered by Department of Economics and Finance

  • The Best Summer Paper Awards to Junior Ph.D. Students (HK$5,000/award)
  • EF PhD Studentship Extension Sponsorship (maximum 10-month studentships during extended study period) (subject to funding and approval)

 

Current Research Students and Specializations (2018 cohort and before)

Current Research Students Research Specializations Supervisors
CHEN Xilong Economic Growth Dr TAM Xuan Song 
CHEN Zhenzhen International Economics Dr Fred KWAN
GUO Fei International Trade and Finance Dr YAN Kit Ming Isabel
HABYARIMANA Jean Baptiste Financial Literacy Constraints and Family Economy Dr Vikas KAKKAR
HE Shi Meta-analysis, International Trade and Macroeconomics Dr Fred KWAN
KASHYAP Ravi Financial Services, Economic Growth, Welfare, and Small & Medium Enterprises Dr WANG Yong
MAN Kwok Leung Ryan Real Estate Economics and Experimental Economics Dr Charles LEUNG
NG Cho Yiu Joe Empirical Asset Pricing Dr Charles LEUNG
ONWACHUKWU Chinedu Increase International Economics  
WANG Wenhao International Finance Prof CHEUNG Yin-Wong
YAN Zeyu Accounting Dr LUO Guannan
ZHANG Weikang International Finance and Trade Dr Isabel YAN

 

Exchange Programme

Exchange opportunities are offered to our PhD students to visit the University of California, Santa Cruz.