The Department of International Economics (DEco) was established as a separate department within the newly created Institute for International Studies and Public Policy (IISPP) in 2022. Department of International Economics (DEco) offers a Bachelor of Science in Economics (BSc-Eco) with 4 concentrations: (1) International Economics, (2) Difital Economy, (3) Managerial Economics, and (4) Actuarial Polical Economy, and PhD.

The undergraduate program is designed for students who wish to gain theoretical knowledge, skills and analysis training to understand major issues in global development, especially economic development. Our curriculum focuses on a number of key subjects and skills in the fields of science, social sciences and foreign languages, noting that Cambodia has recently progressed rapidly and is in need of additional broader perspectives of the fast-changing globe. Our undergraduate programs in economics with English as the medium of instruction are a great foundation for this development activity. While Cambodia is facing the challenges of development in the current world, it is crucial for Cambodia to have a lot of human resources in economic field, as they will play a significant role in bringing strong development to the nation of Cambodia and the whole world. With the objectives described above, the economic curriculum is designed to serve Cambodian society.

Values

• Excellence
• Integrity
• Professionalism

• Selfless services

   

Missions

The Department of International Economics (DEco) aims to:

1. Equip students with in-depth knowledge in the fields of international trade and investment, international finance, digital economy, international business, and risk management.
2. Develop students’ critical and analytical thinking skills, independent learning, and other transferable skills needed for a variety of careers in a globalized world;
3. Nurture students' ability to apply theories learned in class to real-life situations;
4. Produce students who can act responsibly as good citizens in a globalized world.

Vision

DEco envisions becoming the Cambodian leader in economic teaching, research, engagement, and services, where faculty, students, and staff actively learn, apply, share, and create new knowledge for the benefit of the Cambodian people, regional partners, and the world.

Program Goals

GOAL1: Enhance teaching and learning

GOAL2: Promote research and innovation

GOAL3: Develop well-rounded citizenship and effective leadership

GOAL4: Promote sustainable development and preserve Cambodian cultural and natural heritage

GOAL5: Expand social engagement

Program Educational Philosophy

IISPP upholds quality outcome-based education that develops knowledgeable, ethical, resilient, and forward-thinking graduates to advance societies through scholarship, leadership, and engagement at the national and international levels. DEco emphasizes the importance of cultivating to Cambodian society and beyond.

IISPP/DEco Graduate Attributes

1. Knowledgeable and Competent: Graduates demonstrate strong interdisciplinary knowledge and professional competence in their fields of study.

2. Critical, Strategic, and Forward-Thinking: Graduate apply critical, strategic, and systems thinking to address complex issues and future solutions.

3. Research-Oriented and Analytical: Graduates conduct, apply, and communicate research to advance knowledge and inform policy, practice, and societies.

4. Effective Communicators and Collaborators: Graduates communicate clearly and work effectively with diverse stakeholders.

5. Ethical, resilient, and Socially Responsible: Graduate uphold integrity, resilience, and responsibility in serving societies.

6. Engaged Leaders in National and International Contexts: Graduates demonstrate leadership and proactive engagement in scholarship and community at national and international levels. 

DEco Program Learning Outcomes(PLOs)

DEco graduates will: 

A. Knowledge:

PLO1. Demonstrate core understanding of employing mathematics, statistics, data management, economic principles, and economic concepts to interpret and analyze economic phenomena, trends, and problems from individual to domestic, state, and international levels;

PLO2. Construct the appropriate knowledge of the latest developments in the thematic clusters of international trade, investment, business, risk management, monetary economics, economic development, and digital economy;

B. Congitive Skills: 

PLO3. Evaluate the perspective, quality, and accuracy of information resources systematically with reference to international trade, investment, business, risk management, monetary economics, economic development, and digital economy;

PLO4. Use a deep knowledge of data analysis, economic and public policies, and different effects of the business, government, organizations, and their actions on the market system (interaction/procedure) to develop informed actions to address significant gobal/local problems;

C. Interpersonal Skills and Responsibility:

PLO5. Execute tasks in an academic setting that require interpersonal skills, strategic skills, systematic and foresignht thinking skills, leadership skills, and independent learning skills useful for employment.

PLO6. Demonstrate an understanding of philosophical and social contexts and respect for ethics and ethical standards of the discipline when creating tools to address social, political, economic, and enviromental challenges;

PLO7. Develop a sense of promoting growth and development for individuals and society in the whole world, regardless of nationality and cultural diversity.

D. Communication, Information Technology, and Numerical Skills

PLO8. Demonstrate an ability to effectively communicate information and ideas in English in both local and international contexts;

PLO9. Develop an aptitude to communicate economic results and solutions in easy-to-understand manners to non-economists.

PLO10. Utilize the most appropriate information technology, statistical and mathematical techniques, and tools in gathering, analyzing, interpreting and presenting the information.

Admission

This program is a rigorous and intensive degree program whose primary medium of instruction is English. Applicants must possess an outstanding level of achievement required by the Institute of International Studies and Public Policy for admission. Each candidate must pass an entrance examination arranged by the Institute of International Studies and Public Policy. The exam is designed to test candidates’ English proficiency as well as general knowledge about basic economic concept and mathematical knowledge.

PROGRAM DURATION

This program requires FOUR years of full-time study. Each academic year is scheduled into two semesters per year with additional elective (optional) courses conducted between academic years. Students are required to study five regular courses each semester, except for those admitted into the Honors Program, the second semester of fourth year. Each course consists of 30 one-and-half-hour sessions.

GRADUATION REQUIREMENTS

Students must earn a minimum of 120 credit points to be eligible for the award of Bachelor of Science in Economics. The total accumulated credit points can be earned by attending required courses (3 credits for each course) and passing the comprehensive examinations or successfully defending their senior project (for students in the Honors Program).

There are two strands for the BS programs at the senior year: (1) the regular Bachelor of Science Economics and (2) the Bachelor of Science in Economics (Honors). The Regular Program does not require students to write the senior project but they must pass the comprehensive examinations. The Honors Program requires students to successfully complete and defend the project. Only limited outstanding students (those students with an average score of 80 or above in all the four years of study) are admitted into the Honors Program upon the recommendation from their academic advisors/teachers.

Assessment

For each course, students' performance will be assessed using various criteria which are categorized into ‘the on-going assessment' and ‘final examination.' The former usually, but not always, accounts for 60%, and the latter another 40% of the overall assessment.

During each course, students will be assessed on an on-going basis including such items as students' oral presentation, major written assignment, paper(s), mid-term examination, homework, quizzes, exercises, debate, and class participation

Students must fulfill all academic and attendance requirements in order to be promoted to the next level. In order to pass a subject, students must achieve a score of AT LEAST 50%. This means that 50% is a borderline pass.

Application Procedure

Potential applicants must submit a completed application form (available from Room 03) along with the following documents:

1. A copy of a provisional or permanent High School Certificate or Bachelor's Degree certified by a provincial or municipal authority, along with an original copy, which will be immediately returned to the candidate; or
2. A certified copy of an Associate Degree Certificate deemed equivalent by the Accreditation Committee of Cambodia; or
3. For recent high school graduates, an original transcript with a stamped photo certified by the School Director, and
4. One 4 x 6 photo.

Students must submit their application form with attachments to an application form checker at IISPP, pay an entrance examination fee, and collect a receipt from the stamp officer. This receipt must be presented to examiners before students can take the entrance examination.

REGULAR AND ELECTIVE COURSES

Regular courses are compulsory, while elective courses are optional. Credits earned from elective courses cannot be transferred to the regular courses.

Students are strongly encouraged to enroll in elective courses to better prepare themselves for the next-year level. Elective course credits will be included on academic transcripts. The subjects of elective course will be decided by the department and is subject to change depending on the necessity condition for development of students’ knowledge and skills.

Fundamental Economics Mathematics and Statistic

1. Mathematical Economics
2. Applied Statistics
3. History of Economic Thought
4. Introductory Economics
5. Microeconomics (A)
6. Macroeconomics (A)
7. Microeconomics (B)
8. Macroeconomics (B)
9. Introduction to Research
10. Quantitative Research Method
11. Qualitative Research Method
12. Applied Data Analytics
13. Contemporary Economic Issues

International Trade, Business, and Investment

1. International Trade
2. Applied International Trade Analysis
3. Trade Negotiation and Agreement
4. Geo-Politics and Geo-Economics
5. Global Supply Chain Management
6. Introduction to International Affairs
7. International Political Economy
8. International Monetary Economics
9. International Finance and Risk Management
10. Fintech and E-commerce
11. Competition, Patent, Standard, and Intellectual Property Law

Financial Economics and International Financial

1. Introduction to Finance
2. Public Finance
3. International Monetary Economics
4. Fintech and E-commerce
5. Corporate Finance
6. Entrepreneurial Finance
7. Monetary Economics
8. Global Financial Crisis
9. Supply Chain Finance
10. Financial Accounting

Digital Economy

1. Introduction to Digital Economy
2. Fintech and E-commerce
3. Applied Data Analytics
4. Economic Modeling and Simulation 
5. Applied Generative Artificial Intelligence (AI)
6. Cybersecurity, Law and Regulation
7. Digital Financial Services
8. Digital Marketing
9. Entrepreneurship and Digital Venture
10. Digital Transformation and Society

Managerial Economics

1. Fundamentals of Management
2. Entrepreneurship
3. Global Supply Chain Management
4. Managerial Economics
5. Marketing Management
6. Supply Chain Management and Finance
7. Innovation and Creativity
8. Human Resource Management
9. Experimental Economics

Development Economics and Public Policy

1. Development Economics
2. Public Economics
3. Public Policy Analysis
4. Cost-Benefit Analysis (CBA)
5. Institutional Economics
6. Environmental Economics
7. Agricultural Economics
8. Resource and Energy Economics
9. Labor Economics
10. Health Economics
11. Circular Economy
12. Productivity and Efficiency Analysis

Research Methodology

1. Introduction to Research
2. Quantitative Research
3. Qualitative Research
4. Econometrics (A)
5. Econometrics (B)
6. Applied Data Analytics
7. Quantitative Monitoring and Evaluation
8. Understanding Survey Design and Survey Data
9. Experimental Economics

Strategies and Politics

1. Applied Game Theory for Economics
2. Political Economy
3. Systematic and Foresight Analysis

Risk Management and Corporate Evaluation

1. Investment and Risk Management
2. International Finance and Risk Management
3. Organizational Behaviors
4. Operational Research
5. Corporate Evaluation
6. Financial Derivative
7. Financial Intermediation and Debt Market

Actuarial Studies

1. Introduction to Actuarial Studies
2. Introductory Financial Mathematics
3. Actuarial Statistics
4. Contingencies
5. Topic in Actuarial Studies
6. Stochastic Techniques in Insurance
7. Actuarial Modeling (A)
8. Actuarial Modeling (B)
9. Actuarial Techniques

Programs Schedules, and Course Descriptions

BSc. Economics

Year1 – Common Subjects

Semester 1

1. Contemporary Economic Issues – ECO101
2. History and Khmer Identity in Politics, Economy, and International Relations – HIST 101
3. Academic Writing I – EAP 101
4. Applied Statistics for Business and Economics – STAT 101
5. World Economic History – HIST 102

Semester 2

1. Introduction to Cambodian Political and Economic Thoughts – PHIL 101
2. Introductory Economics – ECO 102
3. Academic Writing II – EAP 102
4. Mathematical Economics – ECO 103
5. History of Economic Thought – PHIL102

Year 2 – Common Subjects

Semester 1 

1. Introduction to Research Methodology – RM 201
2. Macroeconomics I – ECO 203
3. Microeconomics I – ECO 202
4. Introduction to International Affair – IR 204
5. Digital and Platform Economy – ECO 205

Semester 2

1. Quantitative Research Methods – RM 206
2. Macroeconomics II – ECO 208
3. Microeconomics II – ECO 207
4. International Political Economy – ECO 210
5. Fundamentals of Management – ECO 211

Year 3 – Common Subjects

Semester 1

1. Entrepreneurship – ECO 301
2. Applied Data Analytics – ECO 302
3. Public Economics – ECO 303
4. Cost-Benefit Analysis – ECO 304
5. Qualitative Research Methods – ECO 305

Semester 2

1. Applied Game Theory – ECO 306
2. Institutional Economics – ECO 307
3. Circular Economy – ECO 308
4. Geo-Politics and Geo-Economics – ECO 309 
5. Econometrics I – ECO 310

Year 4 – Specialization

1.International Economics

semester 1

1. International Trade: Theory and Policy – IE 401
2. International Monetary Economics: Theory and Policy – IE 402
3. International Trade Negotiation and Agreement – IE 403
4. International Development Economics – IE 404
5. Econometrics II – IE 405

Semester 2

1. International Finance and Risk Management – IE 406
2. Applied International Trade Analysis – IE 407
3. Public Policy Analysis – IE 408
4. Global Supply Chain Management – IE 409
5. E-commerce and Fintech – IE 410

2.Digital Economics

Semester 1

1. International Trade: Theory and Policy – IE 401
2. International Monetary Economics: Theory and Policy – IE 402
3. International Development Economics – IE 404
4. Cybersecurity, Law and Regulation – DE 404 
5. Economic Modeling and Simulations – DE 405

Semester 2

1. E-commerce and Fintech – IE 410
2. Operational Research – DE 407
3. Industrial Revolution 4.0 – DE 408
4. Industrial Design and Digital Technology – DE 409
5. Entrepreneurship and Digital Ventures – DE 410

3.Managerial Economics

Semester 1

1. International Trade: Theory and Policy – IE 401
2. International Monetary Economics: Theory and Policy – IE 402
3. International Development Economics – IE 404
4. Human Resource Management – ME 404
5. Experimental Economics – ME 405

Semester 2

1. Global Supply Chain Management – IE 409
2. International Finance and Risk Management – IE 406
3. E-commerce and Fintech – IE 410
4. Marketing Management – ME 407
5. Operational Research – DE 407

4.Actuarial Economics

Semester 1

1. International Trade: Theory and Policy – IE 401
2. International Monetary Economics: Theory and Policy – IE 402
3. Financial Derivative – AS 403
4. Actuarial Modeling I – AS 404
5. Stochastic Techniques in Insurance – AS 405

Semester 2

1. Topics in Actuarial Studies – AS 406
2. Autarial Modeling II – AS 407
3. Operational Research – AS 408
4. Actuarial Techniques – AS 409
5. Survival Model – AS 410

Color guide

Courses are listed in the same order as the study schedule. Years 1 to 3 are shared by all four concentrations, so they appear once. Year 4 is shown separately for each concentration. Where a Year-4 course is shared between concentrations, it is fully described the first time and cross-referenced afterwards.

Year 1 – Semester 1

The Contemporary Economic Issues course is specifically designed for freshman students to reinforce their foundational knowledge and explore the real-world economic issues that impact and shape their everyday lives. The course sharpens students' analytical skills, helping them understand the economic environments face by individuals, firms, and governments.

A primary objective is to cultivate systematic, critical, and independent thinking regarding current local and global economic developments, enabling student to gather empirical evidence and build well-reasoned arguments, Ultimately, this course establishes a strong conceptual foundation in economics, preparing students for intermediate and advanced coursework throughout the program.

The course introduces first-year students at the Institute for International Studies and Public Policy Cambodia's historical development through the lens of International Relations and statecraft. It examines the Khmer state as an evolving regional actor shaped by diplomacy, security, and external engagement. Students explore Cambodia's interactions from the early maritime networks of Funan and Chenla through the Angkorian era to the post-Angkor and modern periods, with attention to how internal political and socio-economic structures shaped external relations. The course provides essential historical context for understanding Cambodia's contemporary role within ASEAN and the international system.

 Academic  Writing 101 (EAP101) is designed to help students develop fundamental academic English skills that enable them to cope successfully with the demanding nature of all courses under the program and beyond. As their study progresses, students are increasingly more engaged in writing assignments. main areas: paragraph writing and APA referencing.

The course introduces statistical thinking through real -world situations, focusing on how data is collected, organized, and interpreted. It explores different types of data, basic visualization methods, and numerical summaries to understand patterns and variability, The course also examines issues of  sampling, representativeness, and bias, emphasizing the difference between population and sample. 

Students learn how to design and evaluate data collection methods, including observational studies and surveys, with attention to clear and practical question design. The course introduces probability as a way to describe uncertainty, using basic set concepts and simple models. Building om this, students are introduced to statistical inference through hypothesis testing, where they learn to evaluate claims based on observed data. The course covers descriptive and inferential statistics, with emphasis on interpretation and reasoning, and does not include predictive modeling. The course also introduces basic use of Python in Google Colab to support simple data representation and visualization.

This course covers essential aspects of the historical evolution of the global economy from the Industrial Revolution until today. The analysis of long-term economic development over the last two centuries includes historical developments of economic ideas and concepts, and how these shaped economic policies and development. With a global outlook, it focuses on topics that are relevant to an understanding of current economic issues, ranging from industrialization processes to international financial and trade arrangements to the rise of the welfare state and government intervention in the economy.

Year 1 – Semester 2

This course explores the evolution of Cambodian economic and political thought from the Angkor era to the State of Cambodia, focusing on the key factors driving these transformations. It analyzes the interplay between political authority and economic policy. Through historical texts and case studies, resilient socio-economic frameworks.

Introductory Economics introduces the fundamental principles that explain how individuals, firms, and governments make decisions and interact in markets. The course develops economic reasoning through topics such as the Ten Principles of Economics, comparative advantage, and the gains from trade. Students learn how market forces of supply and demand determine prices and how elasticity measures market responsiveness. The course examines government interventions, including taxation and price controls, and evaluates market efficiency using consumer and producer surplus. Applications include international trade and externalities. Emphasis is placed on applying economic concepts to real-world issues and developing the analytical skills necessary to think critically like an economist.

Academic Writing 102 (EAP102) is one of the core subjects that trains students how to write academic papers and read academic texts in English so that they have enough language foundation in order to succeed in studying other courses in the subsequent year, particularly at the International Studies Program. The course focuses on academic writing skills and academic discussion. Equally important, this course also emphasizes an avoidance of plagiarism, crucial aspects of successful essay writing in various types of academic essays.

This course is designed to introduce the mathematical tools used in economics for developing basic models and analyses. It provides various quantitative and numerical solutions to the questions at hand. The mathematical techniques covered in this course include functions, matrix algebra, the Leontief in put-output model, linear programming, and more.

This course covers the history of economic thought, detailing how various thinkers and schools have shaped our understanding of the economy and society. It includes mercantilism, physiocracy, classical economics, Marxian socialism, marginalist and neoclassical economics, institutionalism, and Keynesian economics. You will learn about their main ideas, debates, contributions, and evolution over time. This course aims to provide a critical historical perspective on economics relevant to current issues.

Year 2 – Semester 1

RM201 is an introductory course designed to familiarize students with the fundamental concepts, principles, and processes of research in the social sciences. The course provides a broad overview of different research approaches and methodologies — both qualitative and quantitative — and guides students in understanding how research questions are formulated and addressed using appropriate methods. Students will explore various research designs, data collection techniques, and data analysis procedures, gaining insight into the strengths and limitations of each approach. Emphasis is placed on developing students' ability to critically evaluate research studies, understand ethical considerations, and apply research skills to real-world issues in social and economic contexts.

Economics is the study of how individuals and societies make decisions under the problem of scarcity to satisfy unlimited human wants. Studying economics can help you understand the world around you and especially make informed decisions. It can help you answer questions like why apartments are hard to find in New York City or why housing is expensive in Phnom Penh. Individual behavior such as that of buyers, sellers, firms, and businesses is the main emphasis of microeconomics. This course is intended to give students the fundamental knowledge and instruments of microeconomics needed to assess economic phenomena and thus make informed decisions. Topic include but are not limited to principles in decision making, firm and consumer behavior in competition, analyses of market forces, analyses of the impacts of public policy on market efficiency and social welfare, such as policies related to taxes and trade.

This is an introductory macroeconomics course. It is intended to equip students with basic macroeconomic theories so that they can understand and analyze basic macroeconomic issues. Topics covered in this course include, but are not limited to, measuring economic growth and performance with the focus on several key economic data such as Gross Domestic Product (GDP) and Consumer Price Index (CPI); key determinants of money and price in the long run; macroeconomics of open economy with the focus on trade balance, and real exchange rate.

“International Affairs” is a foundation course that introduces students to the international system, basic theories in international relations, and the types and roles of state and non-state actors. The course also examines selected contemporary global issues to help students develop a basic understanding of how international affairs operate.

This course introduces students to how digital technologies reshape production, exchange, work, competition, and regulation in the modern economy. Students will learn the foundations of the digital economy, including digital goods, platforms, e-commerce, big data, and digital ecosystems, and then examine how platform businesses create value through network effects, ratings, monetization, and strategic growth, while also exploring disruption, inequality, labor issues, and the need for regulation in the digital age.

Year 2 – Semester 2

This course in Quantitative Research Methods offers a comprehensive exploration of techniques and tools essential for data-driven analysis. Students will delve into sampling methodologies, learning how to select representative samples to ensure reliable results. The course will also cover the intricacies of questionnaire design, focusing on how to craft effective and unbiased questions to gather accurate data. A significant component of the curriculum involves hands-on training in data analysis using Stata, a powerful statistical software, where students will learn to perform a variety of statistical tests. Additionally, the course will introduces the Kobo Toolbox, an innovative platform for data collection, allowing students to integrate mobile data gathering into their research skillset. This course is designed to equip students with the practical skills and theoretical knowledge necessary for conducting robust quantitative research.

Macroeconomic B will provide students with knowledge, tools, and practical application on macroeconomic policy, especially the macroeconomic stabilization policies which paly crucial roles in stimulating economic growth and stabilizing inflation. The course will deeply discuss the roles of fiscal and monetary policy. Fiscal policy includes government expenditure, revenue, and debt management. Discussion on the role of tax and non-tax revenue financing sources such as public-private partnership (PPP), collective government funds, and foreign grants will also be examined. Students will also learn the budgeting process for the Cambodian government, implemented by the Ministry of Economy and Finance as a practical application during the course. On monetary policy, students will learn about the role of the central  bank in controlling the money supply to stimulate the economy and fight inflation. Case studies on how the National Bank of Cambodia (NBC) regulates commercial banks, financial institutions, and interest rates will be include in the course. Lastly, the course will examine the effect of exchange rates and the role of the central bank in the open macroeconomy for both small countries such as Cambodia and large countries.

This course provides a rigorous foundation in microeconomic theory by analyzing how individuals and firms make optimal decisions under constraints. Using mathematical and logical frameworks, students will explore consumer behavior, production costs, and the strategic complexities of various market structures – from perfect competition to monopolies. By integrating tools like game theory and general equilibrium analysis, the course challenges students to evaluate market efficiency and the welfare impacts of economic policy, ultimately fostering a disciplined, data-driven “economic way of thinking ” to address real-world resource allocation problems.

Course Economics is the study of the production, distribution, and consumption of scarce resources. Political economy considers the role that the state plays in such production, distribution, and consumption. International Political Economy (IPE) considers the flows of such production, distribution, and consumption across national borders, recognizing that not just national governments play a role, but foreign governments and international institutions must also be taken into account. The study of International Political Economy has come to include many questions surrounding international relations and political economy. Perhaps the most fundamental question is: 

• How do domestic and international politics influence the economic relations between states?
• How do the economic relations between states influence domestic and international politics?
• How do the political relations between states influence domestic and international economics?

So, broadly conceived, the field of International Political Economy is concerned with how politics influences economics and vice versa, where at least one of the variables is international. This course addresses the major contemporary issues in the field. They are international trade, global production, the international monetary system, and debt crises.

Course Fundamentals of Management equips students with the principles and functions of management necessary for comprehensive practice and experience in business decision-making and organizational practice. This course dives into core foundations in planning, organizing, leading, and controlling, the roles of leadership, and organizational behavior. This interactive course presents management as a disciplined and rigorous managerial process that can be applied to profit and non-profit organizations. By integrating theoretical frameworks with practical case studies, students develop the analytical, critical thinking, communication, interpersonal, and mutual teamwork skills that are required for corporate and entrepreneurial careers in both local and global environments. Throughout the course, students will explore how managers make effective choices under conditions of limited resources, uncertainty, and competitive pressure, applying smart decision-making principles to create organization value and sustainable performance.

Year 3 – Semester 1

This course introduces students to the principles, processes, and practices of entrepreneurship, with a focus on developing the mindset and skills needed to identify, evaluate, and pursue business opportunities. Students will explore the characteristics of successful entrepreneurs, the challenges of launching and managing new ventures, and the role of innovation in driving growth. Emphasis will be placed on creativity, problem-solving, and adaptability as key entrepreneurial competencies.

Topics covered include the concept of entrepreneurship, opportunity recognition, market research, step-by-step in preparing product market fit (PMF), business model development, cost analysis, and the fundamentals of marketing and operations in entrepreneurial settings. Students will also examine the ethical and social responsibilities of entrepreneurs, as well as the impact of entrepreneurship on economic development and society at large.

By the end of the course, students will have a foundational understanding of entrepreneurship and the confidence to apply entrepreneurial thinking to a wide range of professional and personal pursuits, whether launching a venture or innovating within existing organizations.

Applied Data Analytics is an introductory course to essential data analysis methods that are widely used in both statistical learning and machine learning.

It is designed to provide students an understanding of the tools and techniques that drive data-driven decision-making across various industries. The course begins by laying a foundation in statistical concepts and then transitions into machine learning techniques. A key component of the course is the focus on applied machine learning method, which are introduced in a structured manner. Students will explore both supervised learning techniques, such as regression analysis and classification, as well as unsupervised learning methods like principal component analysis and clustering. Additionally, students will be equipped with practical skills in Python programming, a powerful tool for performing data analysis. Through hands-on exercises and projects, students will apply the machine learning techniques covered in the course, giving them the opportunity to work with real-work data and solidify their understanding of hey concepts.

The goal of this course is to develop a set of tools for analyzing the role that government plays in the economy and the lives of its citizens. The course discusses and evaluates both the expenditure and revenue of the government in terms of efficiency, equity, and sustainability. We will analyze the reasons for government intervention in a market economy and study the impact of government expenditure programs and taxation systems on the welfare and behavior of its citizens. The course will covered will include the use of natural resources, environment, healthcare reform, social security, public assistance programs, and taxation.

Cost-Benefit Analysis (CBA) is a tool  that provides concrete evidence to decision makers to go or not to go with a proposed project. CBA can be used to analyze environmental problems and identify policy solutions for policy decision-making as well as generating research in environmental and natural resource economics.

CBA involves calculating the costs and benefits of a project in monetary terms. Attribution of impacts to the project to be evaluated is typically assessed by comparing costs and benefits in scenarios with and without the project. CBA may be conducted at different times in the project or policy life cycle.

One type of CBA is called ex ante or prospective CBA. Ex ante CBA is conducted before the decision is made to undertake or implement a project or public. The policy may or may not be under consideration by a government agency. If it is, then ex ante CBA informs the decision about whether resources should be allocated to that specific project or policy or not. Basically, ex ante CBA attempts to answer the question: would this policy or project be a good idea, that is world it have a positive net social benefit?

This course offers a comprehensive foundation in qualitative research, exploring its historical development, core principles, and practical applications. Students will being by learning the fundamental distinctions between qualitative and quantitative approaches, focusing on the unique strengths of qualitative methods for investigating complex social settings. The curriculum is structured to guide learners through the whole research process. This includes formulating ethically sound research problem/objectives/questions, conducting a critical literature review, which is the core step of research conceptualization, and mastering key techniques for data collection and analysis. Through hands-on exercises and culminating assignments, students will develop the essential skills to design, execute, and compellingly present a rigorous qualitative study.

Year 3 – Semester 2

Game theory is the science of interactive decision-making. Game theory has applications in economics, sociology, psychology, anthropology, public policy, political science, international relations, security studies, biology, and others. The purpose of this course is to demonstrate several advantages of using a formal game-theoretic framework to explain complex events and relationships and to show the benefits of strategic thinking that incorporated uncertainty about the behavior of other parties. Upon complexing the course, students should be able to improve their strategic thinking, define the game, and model the games with payoffs and probabilities. With such tools, students will play the games, execute the model, and make strategically sound decisions, Suitable situations to which we can apply game theory include police officers trying to get criminals to confess, a film star who is deciding whether or not to sue a newspaper, the decision of a firm to enter a new market, a country contemplating whether to impose a tariff on imports, leaders negotiate a peace treaty, interstate conflict and war, the dynamics of arms races and arms control, the dangers of nuclear proliferation, the operation of the balance of power politics, the role of reputation in diplomatic exchanges, international cooperation and free trade, security and hegemony, and other areas.

Institutional economics explains the roles of institutions in shaping economic agents' behavior and then determining economic outcomes. In particular, it analyzes how institutions affect economic outcomes by viewing markets as a result of the complex interaction of various institutions, both formal and informal. Given a variety of institutions (i.e., political, legal, economic, social) that shape human behavior, how do we systematically formulate public policy that brings inclusive economic growth and development? This course gives students insight into institutions that constrain human behavior ad then shape economic internation, with a main focus on the fundamental causes of the central questions as follows:

• What do institutions mean in economics?
• What are the fundamental causes of the large differences in income per capita across countries?
• Why do institutions matter for economic development?
• Do institutions change due to economic development?
• What are the implications for development policy?

This course explores the economic frameworks, market mechanisms, and policy instruments required to transition from a linear “take-make-dispose” economy to a regenerative circular system. Designed for economics students and future policy analysis, the course applies microeconomic and macroeconomic theory to resource scarcity, environmental externalities, and the decoupling of economic growth from environmental degradation.

This course is designed to provide students with an overview of geopolitical and geoeconomic thoughts from classical to postmodern theories, with the global trend in recent decades of the rise of critical geopolitics and geoeconomics that include a far wider range of political and socio-economic actors. It will be both a conceptual history of geopolitics and geoeconomics, as the terms have been defined and applied over the years since the very end of the nineteenth century in connection to new forms of nationalism and inter-imperialist competition in Europe and the world at large, and a critical survey of the changing relations among technology, state power, and spatiality as they relate to the study of strategies of global competition and conflict. In the first part, the main themes and key concepts of geopolitics and geoeconomics will be introduced, followed by part II in which we will examine the historical foundations and forms of geopolitics and geoeconomics including Imperialism, the Cold War, and the new world order. In part III, we will briefly examine the substance of geopolitics and geoeconomics before we move to a more specific part which deals with the relevant issues in the Indo-Pacific/Asia-Pacific region. We will end the semester with a critical analysis of the geopolitical and geoeconomics understandings of the post 9/11 world, primarily focusing the rising geopolitical and geoeconomics competition among major powers.

Econometrics I course comprehensively introduces the essential quantitative and econometric tools required for conducting empirical quantitative research using cross-sectional data. This course thoroughly discusses classical econometric assumptions, including linearity, homoscedasticity, and multicollinearity. It then delves into issues of causality, helping students understand how to differentiate between correlation and causation.

The course strongly emphasizes practical applications, providing students with the skills to apply econometric techniques in microeconomic data. Students will develop a solid theoretical understanding and engage in hands-on learning by working with statistical software like Stata. The practical sessions with Stata will equip students with the skills to manage, manipulate, and analyze large datasets, ensuring they can apply their knowledge to diverse empirical questions. By the end of the course, students will have developed a deep understanding of the theory and practice of econometrics and the ability to evaluate empirical questions. By the end of the course, students will have developed a deep understanding of the theory and practice of econometrics and the ability to evaluate empirical research critically. These skills will be valuable for those pursuing careers in economics, public policy, finance, or any field that requires rigorous data analysis.

Year 4 – Semester 1

This course is the first part of the study of International Economics. International Trade Theory and Policy, specifically included for students who have chosen International Economics (IE) major at Department of International Studies, is alive with practical analytical questions related to international trade of goods and services. We will determine various economic forces that shap patterns of trade. We will investigate why economies trade, what products they trade, who trades them, at what price and quantities they trade, and study some of the benefits and costs of trade. In addition, a significant part of the course will also cover various policies that governments use to shape trade patterns among countries, and the reasons for implementing such policies. Applications to real-world current issues are also included.

This course provides students with a foundational of the international financial aspects of the global flow of goods, services, capital, technology, and labor. Students will learn about the basic concepts of the exchange rate, its determinants, the foreign exchange market, and other macroeconomic policies that will affect the exchange rate. Some of the main topics being covered are the basic ideas of balance of payments, the monetary policy, fiscal policy, inflation, the fixed and floating exchange rate regimes, and the intervention of the central bank on the exchange rate. The international capital market, the global financial crisis, and trade finance will also be included.

International Trade Negotiations and Agreement course is designed to deepen students' understanding on the legal and policy dimensions and the process of bilateral and regional trade negotiations. The course drives students to comprehending evolutional key provisions – from GATI 1947 to WTO 1995 – trade negotiators have always leveraged to embark on high-profile trade negotiations leading o PTAs or FTAs.

The course also prepares students in their final year for pragmatism in trade negotiations, from understanding partners' prospects, crafting feasibility studies, setting elements of trade agreement legal texts, operationalizing negotiating tactics and strategies, utilizing level-game theories ( domestic and international), to putting the agreements into legal effects within one country's jurisdiction.

Students are highly expected to learn more of evolving negotiating scenarios (including the recently upgraded ACFTA, AANZFTA, and AHKFTA, RCEP, CCFTA, CKFTA, CAUAE-CEPA, reciprocal tariff deals, i.e.,), analyze and formulate arguments, and undertake negotiation simulation in their designated roles in class as trade negotiators. The course is designed primarily to shape students into being professionals in trade related works, so that they are prepared to embark on the real journey at various institutions upon their graduation.

International Development Economics explores the key economic principles and policies that shape the development trajectories of nations. It provides students with a comprehensive understanding of economic growth theories, poverty and inequality, human capital development, trade strategies, environmental sustainability, and the role of international finance in economic progress. Students will critically examine contemporary development challenges, including globalization, foreign direct investment, and the balance between state intervention and market-driven strategies. The course integrates real-world case studies and policy analysis to equip students with the ability to assess development strategies and propose informed solutions.

Econometrics II course comprehensively introduces the essential quantitative and econometric tools required for conducting empirical quantitative research using cross-sectional, time-series, and panel data. This course thoroughly discusses classical econometric assumptions, including linearity, homoscedasticity, and multicollinearity. It the delves into issues of causality, time-series econometrics, and panel econometric analysis, helping students understand how to differentiate between correlation and causation and different econometric model in economic analysis.

The course strongly emphasizes practical applications, providing students with the skills to apply econometric techniques in microeconomic and macroeconomic data. Students will develop a solid theoretical understanding and engage in hands-on learning by working with statistical software like Stata. The practical sessions with Stata will equip students with the skills to manage, manipulate, and analyze large datasets, ensuring they can apply their knowledge to diverse empirical questions.

Year 4 – Semester 2

This course introduces students to the principles of financial management and international finance, with a focus on financial assets, international financial market, banking activities, and risk management. It examines international trade and capital flows, the functioning of global financial markets, and the role of banks in financing international trade. Students will also learn to identify, measure, and managerey financial risks using standard and regulatory tools. The course emphasize prudent financial decision-making, regulatory compliance, and professional responsibility in international finance and banking context.

By the end of this course, students will be able to explain fundamental concepts of financial management and financial assets, understand international financial system, markets, and banking activities, analyze international financial flows and key financial risks, evaluate financing and risk management decisions in international trade and banking and demonstrate professional awareness of risk management, financial stability, and regulatory compliance.

The primary goal is to equip students with the ability to analyze the causes and consequences of international trade using real-world data. Students learn to evaluate the impact of trade policies such as tariffs, quotas, and trade agreements on economic welfare, wage inequality, and global supply chains. The course will touch on both partial and general equilibrium analysis methods.

Public policy analysis is a process of multidisciplinary aiming at the creation, critical assessment, and communication of policy-relevant knowledge. As a problem-solving discipline, it draws on social science methods ,theories, and substantive findings to solve practical problems. This course is designed to provide undergraduate students with basic and practical knowledge of public policy analysis, mainly focusing on:

1. Process of public policy analysis and public policy in the policy-making process
2. Structuring policy problems
3. Forecasting expected policy outcomes
4. Prescribing preferred policies
5. Monitoring observed policy outcomes
6. Evaluating policy performance

Global Supply Chain Management examines how products, services, information, and financial resources flow through interconnected international networks from raw material sources to end customers. In today's highly competitive and uncertain global environment, organizations must design and mange supply chains that balance cost efficiency, responsiveness, resilience, and sustainability.

The digital transformation of commerce and finance is no longer and emerging trend – it's the present reality. Over the past decade, the global economy has entered a new phase defined by the convergence of electronic commerce (e-commerce) and financial technology (FinTech). These two sectors, once seen as parallel developments, are now deeply intertwined, forming a powerful ecosystem driving innovation, accessibility, and convenience.

This course aims to introduces students to basic knowledge and understanding of e-commerce and FinTech. With the primary focus on managerial and implications, students will explore the core concepts, applications, and business models of e-commerce and FinTech. The course is designed for students with little prior background in these fields and aims to bridge the knowledge gap by covering foundational topic. By the an of the course, students will have a broad understanding of how e-commerce and FinTech are reshaping the economy and society.

Year 4 – Semester 1

This course is the first part of the study of International Economics. International Trade Theory and Policy, specifically included for students who have chosen International Economics (IE) major at Department of International Studies, is alive with practical analytical questions related to international trade of goods and services. We will determine various economic forces that shape patterns of trade. We will investigate why economies trade, what products they trade, who trades them, at what price and quantities they trade, and study some of the benefits and costs of trade. In addition, a significant part of the course will also cover various policies that governments use to shape trade patterns among countries, and the reasons for implementing such policies. Applications to real-world current issues are also included.

This course provides students with a foundational understanding of the international financial aspects of the global flow of goods, service, capital, technology, and labor. Students will learn about the basic concepts of the exchange rate, its determinants, the foreign exchange market, and other macroeconomic policies that will affect the exchange rate. Some of the main topic being covered are the basic ideas of balance of payments, the monetary policy, fiscal policy, inflation, the fixed and floating exchange rate regimes, and the intervention of the central bank on the exchange rate. the international capital market, the global financial crisis, and trade finance will also be included.

International Development Economics explores the key economic principles and policies that shape the development trajectories of nations. It provides students with a comprehensive understanding of economic growth theories, poverty and inequality, human capital development, trade strategies, environmental sustainability, and the role of international finance in economic progress. Students will critically examine contemporary development challenges, including globalization, foreign direct investment, and the balance between state intervention and market-driven strategies. The course integrates real-world case studies and policy analysis to equip students with the ability to assess development strategies and propose informed solutions.

Managing cybersecurity is about managing risk, specifically the risk to information assets valued by an organization to make the organization safe. This course examines the role of governance, risk management, and compliance (GRC) as part of the cybersecurity management process, including key functions of planning, policies, and the administration of technologies to support the protection of critical information assets. Topics covered includes: (1) Identify the importance and functions of governance, risk management, and compliance in cybersecurity program management, (2) describe best practices in risk management including the domains of risk assessment and risk treatment, (3) Describe the structure and content of cybersecurity-related strategy, plans, and planning, (4) Identify the key components and methodologies of cybersecurity policies and policy development and (5) discuss the role of performance measures as a method assess and improve GRC programs.

This course is designed to introduce the theoretical and practical basis of large-scale economic modeling of the global economy for students with a strong understanding of Economics. Students will learn the fundamentals of constructing a global simulation model based on the computable general equilibrium model. They will then analyze several macroeconomic policy problems using the computable general equilibrium (CGE) model as the basis for formulating the policy question. They will learn how to use the model to generate a set of results, interpret those results, and write a report that uses those insights to contribute to an existing literature on a major macroeconomic policy problem. Simulation software such as GTAP, GAMS, and ARENA will be introduced.

Year 4 – Semester 2

The digital transformation of commerce and finance is no longer an emerging trend – it's the present reality. Over the past decade, the global economy has entered a new phase defined by the convergence of electronic commerce (e-commerce) and financial technology (FinTech). These two sectors, once seen as parallel developments, are now deeply interwiened, forming a powerful ecosystem driving innovation, accessibility, and convenience

This course aims to introduce students to basic knowledge and understanding of e-commerce and FinTech. With the primary focus on managerial and implications, students will explore the core concepts, applications, and business models of e-commerce and FinTech. The course is designed for students with little prior background in thses fields and aims to bridge the knowledge gap by covering fundatoinal topics. By the end of the course, students will have a broad understanding of how e-commerce and FinTech are reshaping the economy and society.

Operations management deals with operational planning and control issues and is all sectors of society. Operations Research (OR) deals with problem formulation and the application of analytical methods to assist in thee decision-making of operational problems is planning and control. The techniques of OR are useful quantitative tools to assist operations managers and have a wide applicability in engineering, manufacturing, construction, financial and various service sectors.

The 4th Industrial Revolution is characterized by a combination of different technologies coming together and massive amounts of data being generated. Companies and governments are incorporating Industry 4.0 technologies into their operations and creating new business models through digitalizing and transforming their products and services. The courses will discuss strategic technology transformation and how technologies are used in business operations and processes, and the impact of technology on firms, governments, and households.

The course develops specialist skills and abilities in the design and communication of idea, interactions, and user experiences. It focuses on three-dimensional design, product styling and form, user research, manufacturing processes, and the production of prototypes and finished artifact. Industrial Design emphasizes the ways that products are experienced by users. Throughout the course, you will be expected to apply your understanding of branding, futures concept, and the circular economy to the design of future product-service systems. You'll be taught electronics, mechanics, thermos fluid, and more by engineering specialists, while also being taught design skills. digital modelling, and 3D printing by design professionals. The result is a well-rounded degree that sets you up to start your career equipped with the skills and knowledge you need.

The digital economy initially stemmed from the technology sector, but as new tools and techniques have become more accessible and widespread, new digital enterprises and entrepreneurs have begun to emerge in a variety of sectors. Entrepreneurs have been particularly keen to locate opportunities where digital business model can be created to unleash disruptive innovation, with serial venturing teams becoming digital entrepreneurs. The course will provide insight into the emergence of digital entrepreneurship, key concepts, business model, and the resources needed to develop successful ventures.

Year 4 – Semester 1

This course is the first part of the study of International Economics. International Trade Theory and Policy, specifically included for students who have chosen International Economics (IE) major at Department of International Studies, is alive with practical analytical questions related to international trade of goods and services. We will determine various economic focus that shape patterns of trade. We will investigate why economies trade, what products they trades them, at what price and quantities they trade, and study some of the benefits and costs of trade. In addition, a significant part of the course will also cover various policies that governments use to shape trade patterns among countries, and the reasons for implementing such policies. Applications to real-world current issues are also included.

This course provides students with a foundational understanding of the international aspects of the global flow of goods, services, capital, technology, and labor. Students will learn about the basic concepts of the exchange rate, its determinants, the foreign exchange market, and other macroeconomic policies that will affect the exchange rate. Some of the main topic being covered are the basic ideas of balance of payments, the monetary policy, fiscal policy, inflation, the fixed and floating exchange rate regimes, and the intervention of the central bank on the exchange rate. The international capital market, the global financial crisis, and trade finance will also be included.

International Development Economics explores the key economic principles and policies that shape the development trajectories of nations. It provides students with a comprehensive understanding of economic growth theories, poverty and inequality, human capital development, trade strategies, environmental sustainability, and the role of intervention and market-driven strategies. The course integrates real-world case studies and policy analysis to equip students with the ability to assess development strategies and propose informed solutions.

Human Resource Management links people-related activities to business strategy. The course develops a critical understanding of the role and functions of the various human resource activities in an organization, providing students with a comprehensive review of key HRM concepts, techniques, and issues. Topics include job analysis and design, recruitment and selection, evaluation, performance management, occupational health and safety, and the strategic contribution of HRM to organizational performance, and evaluating HRM effectiveness. Working with contemporary case studies, students not only engage in collaborative and individual work processes but also use communication and discourse characteristic of the HRM context and environment.

While experiments have been considered for as long as a specific domain within economics ("experimental economics"), the experimental method is now widely considered as a tool among others in the typical economist's toolbox. Its use has shed light on many areas, on the theoretical side (decision theory, game theory, markets) as well as on the more applied and descriptive ones (policy, development, labor econ., IO, health econ., etc.). It has led to the blossoming of "behavioral economics", but its general relevance goes much deeper than that. The purpose of this program is to provide young researchers with the methodological skills required to pursue experiments in their own research, with a strong focus on lab experiments.

Year 4 – Semester 2

Global Supply Chain Management examines how products, services, information, and financial resources flow through interconnected international networks from raw material sources to end customers. In today's highly competitive and uncertain global environment, organizations must design and manage supply chain that balance cost efficiency, responsiveness, resilience, and sustainability.

The course being with the fundamentals of supply chain management, introducing key processes, supply chain stages, and the objective of creating value across the entire network rather than optimizing individual firm. The course then explores how supply chain strategy must align with a firm's competitive strategy, emphasizing the trade-offs between responsiveness and efficiency and the concept of strategic fit. Demand forecasting is another critical component, as accurate demand estimates are essential for planning production, inventory, and transportation.

Given the global nature of modern business, the course investigates international logistics network design, global sourcing, cross-border transportation, and risks associated with global operations. Special attention is given to maritime shipping, which plays a dominant role in global trade. Students gain practical insight into containerization, port operations, freight terms, and the role of shipping in connecting world markets.

Finally, Students explore green supply chain practices, carbon reduction strategies, circular economy concepts, and the integration of technologies such as AI, big data analytics, and IoT. Throughout the course, real-world cases and global examples are used to connect theory with practice.

This course introduces students to the principles of financial management and international finance, with a focus on financial assets, international financial markets, banking activities, and risk management. It examines international trade and capital flows, the functioning of global financial markets, and the role of banks in financing international trade. Students will also learn to identify, measure, and manage key financial risks using standard financial and regulatory tools. The course emphasizes prudent financial decision-making, regulatory compliance, and professional responsibility in international finance and banking context.

By the end of this course, students will be able to explain fundamental concepts of financial management and financial assets, understand international financial system, markets, and banking activities, analyze international financial flows and key financial risks, evaluate financing and risk management decisions in international trade and banking and demonstrate professional awareness of risk management, financial stability, and regulatory compliance.

The digital transformation of commerce and finance is no longer an emerging trend – it's the present reality. Over the past decade, the global economy has entered a new phase defined by the convergence of electronic commerce (e-commerce) and financial technology (FinTech). These two sectors. once seen as parallel developments, are now deeply intertwined, forming a powerful ecosystem driving innovation, accessibility, and convenience.

This course aims to introduce student to basic knowledge and understanding of e-commerce and FinTech. With the primary focus on managerial and implications, students will explore the core concepts, applications, and business models of e-commerce and FinTech. The course is designed for students with little prior background in these fields and aims to bridge the knowledge gap by covering foundational topics. By the end of the course, students will have a broad understanding of how e-commerce and FinTech are reshaping the economy and society.

In a fast-changing and dynamic business environment, the role of marketing professionals has become more critical in ensuring the long-term success and survival of organizations and brands. Students will learn about branding, consumer psychology, market research, and digital marketing, while also considering the environmental and ethical dimensions of marketing practice.

Operations management deals with operational planning and control issues and is needed in all sectors of society. Operations Research (OR) deals with problem formulation and the application of analytical methods to assist in the decision-making of operational problem in planning and control. The techniques of OR are useful quantitative tools to assist operations managers and have a wide applicability in engineering, manufacturing, construction, financial, and various service sectors.

Year 4 – Semester 1

This course is the first part of the study of International Economics. International Trade Theory and Policy, specifically included for students who have chosen International Economics (IE) major at Department of International Studies, is alive with practical analytical questions related to international trade of good and services. We will determine various economic forces that shape patterns of trade. We will investigate why economies trade, what products they trade, who trades them, at what price and quantities they trade, and study some of the benefits and costs of trade. In addition, a significant part of the course will also cover various policies that governments use to shape trade patterns among countries, and the reasons for implementing such policies. Applications to real-world current issues are also included.

This course provides students with a foundational understanding of the international financial aspects of the global flow of goods, services, capital, technology, and labor. Students will learn about the basic concepts of the exchange rate, its determinants, the foreign exchange market, and other macroeconomic policies that will affect the exchange rate. Some of the main topic being covered are the basic ideas of balance of balance of payments, the monetary policy, fiscal policy, inflation, the fixed and floating exchange rate regimes, and the intervention of the central bank on the exchange rate. The international capital market, the global financial, and trade finance will also be included.

This introductory course on the topic of derivatives covers the fundamental knowledge you need to know about derivatives. Students will learn to differentiate between forward, future, options, and swaps contracts. Students will have the essential knowledge about derivative contracts required to proceed to more advanced topics, such as derivatives pricing and trading, by the end of the course. The main objective of this course is to help students gain intuitions and to provide the necessary skills for pricing and hedging derivative securities and use them for investment, risk management, and prediction purposes.

Topic include exact and census methods for estimating transition intensities based on age; goodness of fit and smoothness of graduated estimates versus crude estimates; actuarial principles of stochastic processes; Markov chain in actuarial work.

This subject aims to provide a thorough grounding in stochastic for actuarial studies. It covers some probability concepts including expectation, conditional expectations, joint and marginal distributions, moment generating function and probability generating function; some commonly used probability distributions in insurance and finance; mixed distributions and actuarial applications; ordinary differential of Laws of Large Numbers and Central Limit Theorem; generating and Laplace transforms; actuarial applications of Brownian motion, geometric Brownian motion and lognormal distribution; stochastic integrals and Ito's formulae.

This subject aims to provide students with a grounding in some topic in actuarial studies, covering distributions of accumulations and present values; stochastic interest rate models; time series models; an introduction to ruin theory; claim run-off triangles; and stochastic simulation.

Topic include exact and census methods for estimating transition intensities based on age; goodness of fit and smoothness of graduated estimated versus crude estimates; actuarial modelling; general principles of stochastic processes; Markov chains in actuarial work.

Operations management deals with operational planning and issues and is needed in all sectors of society. Operations Research (OR) deals with problem formulation and the application of analytical methods to assist in the decision-making of problems in planning and control. The techniques of OR are useful quantitative tools to assist operations managers and have a wide applicability in engineering, manufacturing, construction, financial, and various service sectors.

This course provides a simplified model for solving actuarial problems in practice. Sample actuarial problems are examined in detail, with solutions being developed using Excel and Visual Basic. These solutions are then reported to the stakeholders of the problem. This course aims to develop actuarial capabilities beyond the technical foundations taught in other actuarial courses.

This course introduces survival models and discusses their rationale, their estimation, and their application to mortality. Topics covered will include: an introduction to the life table; survival models; estimation procedures for lifetime distributions; statistical model of transfers between multiple states; maximum likelihood estimation of transition intensities for such model; binomial model of mortality, including estimation and comparison with multiple state models; exposed to risk and methods for smoothing crude mortality rate data.

These courses have descriptions on file but are not part of the current four-year schedule. They may be offered as electives or added to the plan later.

Actuarial Statistics aims to provide a grounding in mathematical and statistical that are of relevance for actuarial work. It equips the student with knowledge of statistical distributions, methods to summarize data, the principles of statistical inference, regression models (including generalized linear models), and the fundamental concepts of Bayesian statistics. The subject includes both theory and application of the ideas using statistical analysis software.

Introductory course on the basic principles of agricultural economics. Production economics, principles of supply and demand, resource economics, world food situation, marketing of agricultural products, and agricultural public policy.

This course examines blockchain technology from an economic perspective. You'll be offered a foundational overview of how blockchain technology works, in order to demystify the technology and to understand its possibilities and limitations. The course draws on economic theory to offer participants a deep and practical understanding of blockchain technology and to effectively demonstrate its meaningful capacity for innovation and efficiency in business. You'll gain a deeper understanding of the cost of networking and learn how blockchain technology can bootstrap and facilitate a marketplace without traditional intermediaries. Using an engaging mix of resources, you'll be guided to explore the effects of blockchain technology on market power in digital platforms, privacy, and trust.

This course will provide students with a clear introduction to the principles and method of behavioral economics. Behavioral economics considers the ways that people are more social, more impulsive, less adept at using information, and more susceptible to psychological biases than the standard economic model assume.

This course develops actuarial techniques for the valuing of policies that depend on contingent events concerning uncertain lifetimes. Topics include principal forms of heterogeneity within a population and how selection can occur; definition of simple assurance and annuity contracts; development of formulae for means and variances of the present values oof payments; evaluating expected values and variances of simple insurance contracts; and cash flow models and profit tests, extended too multiple decrements and multiple state model.

The goal of this course is to develop skills for making corporate investment and financing decisions. Topics include discounted cash flow and other valuation techniques; risk and return; capital asset pricing model; corporate capital structure and financial policy; capital budgeting; mergers and acquisitions; and investment and financing decisions in the international context, including exchange rate/ interest rate risk analysis.

This course explores the evolving world of finance, focusing on the changing dynamics caused by technologies and trends in banking and financial service – the digital transformation of finance. You will learn concepts such as digital platforms and business ecosystems, be exposed to the emerging FinTech landscape, and master a new toolbox for successfully competing on innovation in the digital era of finance. FinTech brings healthy increased competition and opportunities, as well as facilitates financial inclusion, but FinTech companies are posing new risks to investors and consumers, as well as to financial stability and integrity. Therefore, we also focus on FinTech ecosystems and innovative regulatory approaches.

Digital marketing is a major component of marketing today. This course will equip you with practical digital marketing skills to help you build your business, to identify opportunities and minimize risk, to identify the different demographics behaviors of your consumers online, marketing activities, and digital marketing strategy.  

This course provides students with basic knowledge of the role of digital technology in transforming firms, industries, government, and societies. It focuses on how the digital tool can be integrated harnessed for society. Topic discusses includes AI, communication, Big Data, FinTech, Automation, Blockchain, and other topics.

Sustainability, vulnerability, and resilience are now keywords for emergency managers. Disaster plans must incorporate the philosophy of sustainable development. Increasingly, communities are being encouraged to find ways to build their resilient, rather than \'waiting for help to arrive\'. The degree to which a community is considered resilient is often spoken about in terms of its \'vulnerability\'. Through the use of case study examples, this subject explores the concepts of sustainability, vulnerability, and resilience in both the Western and Third World contexts.

This course will provide a broad overview of the scholarly field known as “law and economics.” The focus will be on how legal rules and institutions can correct market failures. We will discuss the economics function of contracts and, when contract fail or are not feasible, the role of legal remedies to resolve disputes. We will also discuss at some length the choice between encouraging private parties to initiate legal actions to correct externalities and governmental actors, such as regulatory authorities. Extensive attention will be given to the economics of litigation and to how private incentives to bring lawsuits differ from the social value of litigation. The economics motive to commit crimes and the optimal governmental response to crime will be studied in depth. Specific topics within preceding broad themes include: The Coase Theorem; the tradeoff between the certainty and severity of punishment; the choice between ex ante and ex post sanctions; negligence versus strict liability; property rules; remedies for breach of contract; and the rule for allocating litigation costs.

This course trains the student in dynamic economic thinking, intertemporal trade-offs, optimal and behavioral aspects of choice, and responses to uncertainty and learning. It draws from a variety of economic fields such as macroeconomics, asset pricing, behavioral economics, climate change economics, decision theory, and more. The overarching theme is the exploration, interpretation, and understanding of dynamic trade-offs in economic reasoning. Methodologically, the class starts with basic reasoning in two-period models and moves on to dynamic programming in discrete and continuous time. The class pays particular attention to the fact that the future is uncertain. It explores implications of risk aversion, prudence, and Bayesian learning for decision making and economic dynamics. The seminars will make occasional use of MATLAB. Student can use alternative programming languages like Python or Julia if they of not require support.

Drawing on theory and on case studies from experiences in several regions, the course requirements for economic and monetary integration; trade, financial, and monetary integration; costs and benefits of the integration process; and political economy aspects of integration. The student is expected to develop: a conceptual framework for understanding the economic implications of regional integration versus the WTO\'s multilateral trading system; the ability to analyze and provide an economic assessment of trade policies and domestic regulations of a country in terms of whether such policy/program is appropriate to meet the objectives and whether it is compliant with a country\'s WTO commitments; and the ability to analyze the business implications of specific trade rules and the policies employed by different countries by examining the central features of trade disputes.

This subject introduces emergency management planning. It examines the planning process, the specification of emergency management needs, resource availability, needs ratification, organizational design, the selection of emergency management strategies, and planning implementation.

Emerging digital and data-enabled technologies, such as artificial intelligence (AI), machine learning, big data, and automation, are generating significant interest in a growing number of industries. In the course, you'll develop a comprehensive taxonomy of AI-enabled use cases and learn how to strategically leverage data-enabled models to implement intelligent processes and systems. You'll explore the core elements of an enterprise AI strategy, including investment in technical and data infrastructure, developing human-related expertise and capabilities, and implementing structured playbooks to select and manage AI projects.

Entrepreneurial Finance (EF) is designed primarily for students who plan to be involved with a startup venture at some point in their career as a Founder, early Joiner, Investor, Board Member, or Advisor. The course addresses key questions which challenge all entrepreneurs: how much money can and should be raised; when should it be raised and from whom; what is reasonable valuation of the company; and how should funding, employment contracts, and exit decisions be structured.

This course will provide students with skills needed to analyze financial statements and disclosures for use in financial analysis and learn how accounting standards and managerial incentives affect the financial reporting process. Students will learn the most common form of financial statement, which includes the income statement, balance sheet, and statement of cash flows.

An overview of the ideas, methods, and institutions that permit human society to manage risk and foster enterprise. Description of practices today and analysis of prospects for the future. Introduction to risk management and behavioral finance principles to understand the functioning of securities, insurance, and banking industries.

Over the past decade, emerging technologies, paired with massive changes in regulations, have driven an unprecedented transformation of finance around the world. In this course, students will explore the major areas of FinTech including, beginning with (1) what is FinTech before turning to money, (2) payment and emerging technologies, (3) digital finance and alternative finance, (4) FinTech Regulation and RegTech, (5) data and security, and the future of data-driven finance, as well as, (6) the core technologies driving FinTech including Blockchain, AI and Big Data. These will set the stage for understanding the FinTech landscape and ecosystem and grappling with the potential direction of future change.

The course aims to introduce the students to the geographical mode of thinking regarding various economic phenomena. Thus, we will consider pressing global questions such as how economic and social geography of modern societies. Using geographical dimensions of space, place, location, and scale, we then explore different mechanisms of the capitalist economy: agricultural, manufacturing, and services production, labor and capital markets, spatial patterns of consumption and trade. Matters of economic development, growth, and integration, with a focus of logistic and infrastructure arrangement and development, are also addressed, since these are related to the countries to the geographical conditions.

There are three primary forms of financial crises: currency, sovereign debt, and banking crises. This course aims to offer insights into: (1) major macroeconomic causes and effects of crises, (2) interactions among the three types of crises, and (3) appropriate policy responses. The course is divided into two parts. Part I focuses on international macroeconomic theories and analytical models of each type of crisis. Part II will touch on a variety of case studies.

Hazard prevention and control is a fundamental principle behind any occupational health and safety program. Hazard are present in all workplaces, and can lead to injuries, short and long-term illnesses and diseases, and sometimes even death. Lost productivity, increased costs, and, most importantly, human suffering are three good reasons why it is vitally important to control hazards in the workplace. This course offers awareness of exactly what recognition, evaluation, and control of hazards means to the individual and the organization, and workplace safety can be improved.

This subject teaches students how to use economic tools to help solve pressing global health problems. Through this degree program, students will learn how health economic principles are used to address global issues such as migration, displaced person, climate change, and pandemics. They'll also learn how health economic can be used to promote healthy lifestyles, positive health outcomes, and equitable access to care. Students will learn how to conduct economic evaluations of health programs and how to evaluate the impact of social problems on the health of a community or population.

Innovation and creativity are two powerful human pursuits. They are ingredients for human prosperity and capacity that are needed to both understand and harness them in your personal and professional projects and are certainly a determinant of your future success. We will explore tools and techniques for fostering individual and group creativity, management practices that foster (or inhibit) innovation, methods for developing and evaluating ideas for new products and services, and the business models to execute these ideas, and principles and practices for leading innovation by using a variety of readings and case examples.

Organizations in all sectors require entrepreneurial leaders who can transform innovative ideas into positive impact. Student will learn innovation in design through a response to changing practice, the changing relationship of designers and consumers, of designers and offshore production, and of designers to making through innovations in digital fabrication mean that students need to be introduced to new ways of working and thinking about work. This course supports the development of an internationalized cohort of entrepreneurs and innovators who can take advantage of the emerging opportunities in industrial design practice in response to improved global communication, global networks and advanced technologies.

The course gives an overview of the world of trade finance before going into the details of the various payment methods used in international trade. It explains the detailed process flow of complex payment methods like collections, letters of credit, escrow accounts, and bank guarantees. knowledge of these processes is essential for anyone working in an international trade environment who is responsible for ensuring their business is paid on time and for efficient trade performance. This course evaluates the suitability and use of multiple trade finance instruments in detail, including letters of credit, bonds, and guarantees. It covers how businesses can use these tools strategically as part of a trade finance suit that maximizes business profitability and working capital needs.

This subject examines the field of IoT, which is commonly understood to entail the inter-networking of devices in the physical world by fitting them with sensors and network-connected devices. While most course today treat IoT as a technological topic, this course takes a different approach. IoT is not a technology; it\'s a leadership opportunity; a mechanism to transform businesses. The course will provide participants with and introduction to the necessary technologies, skill components, and enablers and constraints for using IoT in a business. It provides many examples where IoT is already transforming customer experience, operations, and business models.

This subject is an introduction to compound interest functions and operations; valuation of annuities, bonds, and loans; demography, and factors affecting population growth and size; construction and use of the life table; applications of these in life insurance; types of insurance production; the role of the actuary; and the significance of financial institutions utilizing actuarial management.

Emergency management is the organization and management of the resources and responsibilities for dealing with all humanitarian aspects (preparedness, response, mitigation, and recovery). The aim is to reduce the harmful effects of all hazards, including disasters. Students and new professionals alike will further gain an enhanced understanding of key terminology and concepts that enable them to work with emergency management specialists. Topic covered includes (1) the historical context of emergency management, (2) natural and technological hazards and risk assessment, (3) the disciplines of emergency management: mitigation, (4) the disciplines of emergency management: preparedness, (5) communications, (6) the disciplines of emergency management: response, (7) the disciplines of emergency management: recovery, (8) international disaster management, (9) emergency management and the terrorist threat, (10) the future of emergency management.

The application of the principles of economics to the study of how environmental and natural resources are developed and managed. It use economic analyses to improve the effectiveness of its environmental policies. A variety of economic tools allow the costs and benefits of different policy options to be compared. Some of the well-known issues are climate change, carbon tax, natural resource dynamic management, and others.

This course is primarily devoted to the fundamental principles of valuation. It applies the concepts of time value of money and risk to understand the major determinants of value creation and how firms finance their operations, markets, bond markets, and foreign exchange markets.

This course provides an introduction to information technology and computing systems. It covers booth the history and theory of information systems as well as the practical application of technologies. The student will be introduced to computer software, hardware, and networking technologies, as well as information security, privacy, and social issues inherent in information technologies. Future trends in information technology are addressed through topics including data mining, visualization, natural language processing, artificial intelligence, and blockchain.

This course will introduce students to the basic concept of management. We will investigate what management is, and the role managers play in the fulfillment of an organization's objectives. The content includes an introduction to organizations and the need for and nature of management. It examines the evolution of management theory, organizational environments, and corporate social responsibility and ethics. The course also includes a detailed investigation of the four functions of management: planning and decision making, organizing, leading and motivating, and controlling.

A successful manager makes good decisions. To make good decisions, you need to understand the market forces that impact your business and personal life. This is true for managers in large multinationals or small businesses, in non-profit organizations, or in the government. Individuals and households also make decisions. They decide on what to learn, where to work, how much to save, where to invest, and what goods to buy, among others. This course provides an overview of economic tools and analytic approaches available to the manager for business decision-making It includes such topics as pricing, forecasting, demand analysis, production and cost analysis, and macroeconomic policy as it affects the business environment. The purpose of the course is to develop an economic perspective that is appropriate for students aspiring to manage a variety of organizations.

The course provides detailed knowledge of how financial markets work, how companies make investment, financing, and acquisition decisions, and how modern banks operate. This course will help students to gain skills in making investment decisions in the financial market from a short- and long- term perspective. Students will learn to (1) critically analyze and interpret information from financial markets, (2) develop their own investment strategy, (3) calculate the value of an investment portfolio, (4) use data analysis tools to conduct a scenario analysis of changes in the value of an investment portfolio, and (5) identify and assess the risks of investments.

This course is an introduction to management information systems and the importance of systems in achieving organizational goals. Topics include how to develop and maintain information systems to gain a completive advantage, to solve business problems, and to improve decision-making.

The course provides an introduction to monetary theory, the effects of monetary variables on the macroeconomic system, the role of the Central Bank, and the conduct of monetary policy. Subjects covered include the nature and function of money; classical monetary theory, neutrality, and inflation; theories of the demand for money; the banking system, financial intermediation, and the determinants of the money supply.

This course examines individual, interpersonal, and group effectiveness at work. Topics range from decision making, motivation, and personality to networks, influence, helping, leadership, teamwork, and organizational culture. You gain insight into strategies and methods that cultivate and strengthen group performance, resource management, and organizational dynamics.

As digital technologies continue to reshape industries, many companies are seeking large-scale digital transformation as a way to maximize results and get ahead of their competition. This course takes a deep dive into the five foundational dimensions of digital transformation. These key dimensions help organizations leverage the capabilities provided by technology. 

Some of the most profitable and successful firm are those that have adopted a digital platform strategy whereby the company allows two or more disparate groups to interact over a platform to co-create value; for example, website developers and users on Akamai, recruiters and employees on LinkedIn, and drivers and customers on Uber. The course discusses how to make a platform add value for the company. In today's networked age, the cloud, social media, and mobile devices are fueling this platform competition, and more companies.

Monitoring and evaluation are concerned with assessing the quality of a program as measured against action plans and evaluating its overall impact. This course address the quantitative or statistical aspects of monitoring and evaluation: what to measure, how to measure, how to analyze, and how to make inferences for the next steps of program implementation.

This is a course in applied statistics that studies the use of regression techniques for examining relationships between variables. Ordinary linear models and generalized linear models are covered. The course emphasizes the principles of statistical modelling through the iterative process of fitting a model, examining the fit to assess imperfections in the model, suggesting alternative models, and continuing until a satisfactory model is resarched. Both steps in this process require the use of a computer: model fitting uses various numerical algorithms, and model assessment involves extensive use of graphical displays. 

Standard Operating Procedures (SOPs) are important documents that guide good business practices and contribute to an organization's compliance with laws and regulations, as well as other local or international quality control requirements. Effective SOPs contribute to an organization's operational efficiency and, more importantly, enable its operations to achieve the required level of compliance and quality control. The goal of this course is to develop a general understanding of standard operating procedures (SOPs) and safe work practices (SWPs), and a detailed understanding of how to review systems for risks. Also covered is how to create, communicate, and maintain the documents and training associated with these risks.

This introductory course provides a practical overview of the high-growth area of Supply Chain Finance (SCF), which is an emerging proposition in the financing to international commerce covering the majority of global trade flows. Upon completion, you will be able to engage effectively and credibly with clients, recognize opportunities to propose SCF techniques as potential solutions to the need of importers or exporters, and correctly describe the nature of SCF relative to traditional trade financing options such as documentary letters of credit. You will also gain an appreciation for some of the technologies and business models that will shape SCF in the coming years.

You'll learn how to prepare now to give yourself the very best chance of surviving a life-threatening emergency. You'll not only explore survival skills and strategies, but you'll also hear the stories of individuals who used those techniques to survive real-world situations.

Living through a disaster is not a question of if it's a question of when. Fires, floods, chemical spills, terrorist attacks, and other disasters can happen swiftly and without warning, so we all must do what we can now to prepare. Do you how what hazards are most likely in your neighborhood? How will you find out about potential disaster? And how will you communicate with your loved ones? If you had to evacuate without warning, do you know where you would go and what route you would take? This course offers a practical guide for protecting yourself, you family, and your community. The lectures will arm you with information for planning so you can prepare for the effects of a disaster or catastrophe. You will also learn about the resources and infrastructure in your community that are in place to aid in preparedness, response, and recovery.

Simulation is a process of designing and creating computerized model of real of proposed systems for the purpose of conducting numerical experiments to understand and analyze the behavior of the system for a given set of conditions. The course introduces various simulation modeling techniques, using Arena simulation software.