the web site of the Department of Economics at
the Hong Kong University of Science and Technology (UST).
We are a very young department, because UST only began admitting
students in the Fall of 1991. Starting
with five faculty members in 1991, we now have reached the size of
19 faculty members.
As one of six departments in the School
of Business and Management, we offer two undergraduate degree programs, the B.B.A. in Economics,
in Economics and Finance, and
co-offer the the
B.Sc. in Mathematics and Economics with the Department of
Mathematics; and two graduate degree programs (the
Program). In addition, we contribute to the School's
M.B.A. and Executive programs.
We are keen to maintain the quality and
attractiveness of our teaching programs. The department has
launched a series of initiatives to enhance the attractiveness of our undergraduate
programs. Among others, we have instituted a faculty
mentoring program. Under this program,
students majoring in economics is assigned a faculty mentor.
The mentors and mentees maintain close interaction through formal
and informal meetings.
The department emphasizes both teaching
and research, and sees them as mutually reinforcing. Faculty
members are encouraged to engage in important research that leads
to publication in leading international journals. Faculty
members are also encouraged to apply rigorous methodologies to local
economic issues that are of high academic value. In short,
we aspire to be recognized for the quality of our research programs,
both theoretical and applied.
Hong Kong is an entrepot and an international
financial center located in the dynamic Asia-Pacific region. Because
of this reason and the fact that our department is in the School
of Business and Management, we focus our research effort in five
specific areas in addition to the common core of microeconomics,
macroeconomics. They are (1) economic growth and
development; (2) China economy;
(3) industrial organization and theory of the firm, 4) econometrics
and 5) international economics.
The department has attracted distinguished
scholars to join either as regular or visiting faculty members.
It has also attracted young scholars who actively engage
in high quality research on important issues in economics.
Their accomplishments are formally recognized in several studies
of the productivity in economics research. In a
study of East Asian universities published
by Jin and Yau in
Inquiry (October 1999), UST was ranked number one in East
Asia. In a study commissioned by the
Association, (2001), UST was ranked 1st in Asia and 37th in the
world. In a study of publications in econometrics published by
Econometric Theory (2003), UST was ranked 17th in the world for its publications
in three core econometrics journals and 26th in all theoretical
econometrics publications. We are proud of these
recognitions, and will continue to contribute
to the economic knowledge of the world.
Economic Development was established in 1995 and its Director
is Professor Siu Fai Leung. Its goals are to support research on the
process of economic development, with emphasis on economic development
in the Asia-Pacific region, in particular development issues of
for Experimental Business Research
was inaugurated in Sep. 1998 by Vernon Smith, the 2002 Nobel
Laureate in Economic Science. Its mission is to promote the use of
laboratory-based experimental economics methodology in research and
teaching, and apply this methodology to solve practical problems.