UNIVERSITY
OF MACAU

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Special Features
University of Macau (UM)
Department of Economics
B.Soc.Sc. in Economics
2+2 Programme
M.Soc.Sc. in Economics
Ph. D. in Economics
Facilities
Academic Staff
Selected Staff Publications
Financial Issues
Contact Information

Our Teachers
 All teachers are Ph.D. holders
 50% of them graduated from the world’s top
100 universities
 Recruited from universities in UK, US, Canada,
Australia and France
 Years of teaching experience

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A public institution of higher learning dedicated to the creation, transmission and diffusion of culture, science and technology
Total students population: 6,600 in 2008/09
Total academic staff: 400
Five faculties:
 Faculty of Business Administration
 Faculty of Education
 Faculty of Law
 Faculty of Social Sciences and Humanities
 Faculty of Science and Technology

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History of establishment
 Study of economics started in 1981
 Economics Programme was formed in 1993 as a unit of combined FSH
 Department of Social Sciences was created in 2002
 Department of Economics was created within the FSH in 2006
Strengthened areas such as economic research, conferences / seminars and publications
Held an International Symposium on Chinese Economic Growth: Causes, Prospects and
Its Implications for Macao on the 2 nd and 3 rd March, 2007
Held the International Conference on Economic Integration in the Greater China Region on 29 th -30 th March, 2009
More than 300 graduates across the globe and in a wide variety of positions in private organizations such as Macao International Airport, Banks, Casinos and Government departments; or studying for advanced degrees overseas

 Joseph Stiglitz, 2001 Nobel Laureate in Economics, delivered a public lecture title “Lessons from the Financial Crisis in Asia” and received the honorary degree of Doctor of Social Sciences conferred by our University.
 In 2005, a university-level appointment was made to Sir James A.
Mirrlees, 1996 Nobel Laureate in Economics, as Distinguished
Professor of Economics.
 Sir James A. Mirrlees received the honorary degree of Doctor of
Social Sciences conferred by our University.

General
 Both theoretical and applied
 Internationally recognized
 Taught in English
 Global and local
 Exchange programmes with foreign universities
Courses
 Compulsory courses: economics, quantitative tools, languages and social sciences
 Free elective courses: economic theory & policy; social sciences; business applications; others

Admissions
(for local and foreign students)
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English I
Mathematics A or Mathematics B
Direct Admission & Transfer Admission
Please refer to http://www.umac.mo/reg/adm/AdmRegUEng.pdf
for more details
(for Mainland Chinese students)
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Form Six / Senior Middle three graduates
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National Higher Education Entrance Examination results in meeting First admission mark requirement of applicant’s province
Please refer to http://www.umac.mo/reg/mainland_applicants.html
for more details

Degree Structure
 First year
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Basic Microeconomics
Basic Macroeconomics
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Mathematics I
Mathematics II
English Language Requirement
Social Sciences Courses
Free Electives
 Second year
 Intermediate Microeconomics I
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Intermediate Macroeconomics I
Intermediate Microeconomics II
Intermediate Macroeconomics II
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Statistical Analysis I
Statistical Analysis II
Social Sciences Research Methods I
English Courses
Social Sciences Courses
Free Electives

Degree Structure
 Third year
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The Modern Macau Economy
The Chinese Economy
History of Economic Thought
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International Trade: Theory and Policy
Comparative Economic Systems
Economic Growth and Development I
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International Monetary Economics
Mathematics for Economics
Econometrics I
Econometrics II
Social Sciences Course
Free Elective
 Fourth year
 Labour Economics
 Industrial Economics
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Money and Banking
Public Finance
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Economies of the Asia-Pacific Region
Seminar
Economics Required Elective Courses *
Free Electives

Degree Structure
 * Economics Required Elective Courses
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Social Sciences Research Methods II
Managerial Economics
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Western Economic History
Chinese Social and Economic History
Economic Growth and Development II
Comparative Financial Systems
Economic Geography
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Urban Economics
Location Analysis
Urban Geography
History of The Pearl River Delta
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International Economic Law
Applied Economics
Economy of Hong Kong, Macau and the
Pearl River Delta
European Economics
Forecasting Methods
Advanced Microeconomics
Advanced Macroeconomics
Welfare Economics
Social Science Research Project I
Social Science Research Project II

Under 2+2 Programme, students may have opportunity to study in Macau to obtain 2 undergraduate degrees; certificates will be awarded by Lingnan (University) College and
University of Macao respectively.
General
 Target: 2 nd -year students of undergraduate degree of Lingnan (University) College
 Requirement: GPA 2.5 or above (average score 75 or above)
 No. of students: at a maximum of 3
 Length of period: 2 years
 Result Announcement: May
Financial Assistance and Scholarship
(according to performance per academic year)
 Scholarship awarded
 Tuition Fee reduction
 Dormitory Fee reduction

 General
 Full-time programme over two years
 Coursework and dissertation
 Academic performance on maintenance of normal academic progress
 Admissions
 Holders of undergraduate degree in Economics are
 expected
English proficiency, such as:
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TOFEL (min. score of 550) and/or
IELTS (min. score of 6.0)
CERT (level 6.0)

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 First year / First semester (Four Compulsory Courses)
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Microeconomic Theory (Hal Varian, Microeconomic Analysis)
Macroeconomic Theory (David Romer, Advanced Macroeconomic in Economics)
Methods of Economic Research
Econometric Analysis I (William Greene, Econometric Analysis)
 First year / Second semester (Four Elective Courses from the followings)
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International Trade and Finance
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Advanced Topics in Economic Theory
Industrial Organization
The Chinese Economy
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Public Economy
Regional Economies
(Asia-Pacific / European Monetary Union)
 Second year / First and Second semesters
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Dissertation

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TOFEL (min. score of 550)
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IELTS (min. score of 6.0)
CERT (level 6.0)
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 Library Facilities
 Working space area of 15,000 m2
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Seating capacity of 400
A stock of 5,000 volumes on economics
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1,200 periodicals
Audio-visual materials, maps, microforms, newspapers, and other special materials
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Official publication from ten international organizations
(UN, ILO, WB, WTO, WFP, APEC, ADB, NATO, UNRISD, and EU)
Economic Database: JStor, ScienceDirect, EconLit, EBSCO, and the Blackwell
Publishers’ Humanities and Social Science Collection

 E-campus
 Over 1,700 personal computers
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Over 100 workstations and servers
Open for 24 hours a day, 7 days a week
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Multimedia supporting center
The WebCT system, the Optical Mark Recognition, the
Video Conference system and the Streaming Video system
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Net-Wireless service
Secure Sockets Layer-Virtual Private Network
Standard software and special econometrics packages (such as SPSS, SAS, EViews,
STATA and Limdep) to research students

Mirrlees, James A. (University-Level Appointment)
Distinguished Professor of Economics
Ph. D in Economics, University of Cambridge, HK
(Taxation, Growth, Microeconomics)
Chang, Hsiao-Chuan
Assistant Professor
Ph. D in Economics, Australian National University, Australia
(Mircroeconomics, Mathematics, Statistics, Principles of Economics, International Trade)
Chen, Yu
Assistant Professor
Ph. D in Economics; University of Clermont-Ferrand-I (Auvergne), France
(Chinese Economy, Microeconomics, Economics of Development)
Ho, Wai Hong Patrick (Coordinator of Undergraduate Programme)
Associate Professor
Ph. D in Economics, Virginia Polytechnic Institute & State University, USA
(Public economics, Economic growth of East Asian countries, Financial intermediation)
Kwan, Fung (Department Head; Coordinator of Postgraduate Programme)
Assistant Professor
Ph. D. in Economics, University of London, UK
(Chinese economy, Economic development, macroeconomics, Macao economy)

Liu, Chun Wah
Assistant Professor
Ph. D. in Economics, University of Wisconsin - Madison, USA
(Comparative economics, Information economy, Industrial economics and Institutional economics)
Porapakkarm Ponpopje
Assistant Professor
Ph. D. in Economics, University of Virginia, USA
(Macroeconomics, Money and Banking, Statistics)
Sun, Guang-zhen
Associate Professor
Ph.D. in Economics, Monash University, Australia
(Microeconomics, Mathematical Economics, Social Choice and Public Choice, History and Economic
Thought)
Wong, Ka Kei Gary
Associate Professor
Ph.D. in Econometrics, Monash University, Australia
(Applied econometrics, Microeconomics, Mathematical Economics)
Zheng, Mingli
Associate Professor
Ph.D. in Mathematics, Huazhong University of Science and Technology, China
Ph.D. in Economics, University of Toronto, Canada
(Applied econometrics, Applied microeconomics, Industrial organization, Law and economics)

 Chang, Hsiao-chuan. (2007) “Budget Balance and Trade Balance: Kin or Strangers. A Case Study of Taiwan”,
Oxford Journal, 6 (1) 75-81.
 Chen, Yu (2008). "Opening-up or Institutional Development? Evidence from China". International Economic
Journal, 22 (4) 419-430.
 Chen, Yu. (2009) "What Do We Need Besides Trade?" Journal of Chinese Economic and Business Studies, 7
(1) 17-30.
 Ho, Wai Hong Patrick. (2005). "Public Capital, Asymmetric Information and Economic Growth" with Yong
Wang, Canadian Journal of Economics, 38(1), 57 - 80.
 Ho, Wai Hong Patrick & Yong Wang (2007) "Factor Income Taxation and Growth under Asymmetric
Information", Journal of Public Economics, 91(3-4), 775 - 789.
 Kwan, Fung (2009) “Agricultural Labour and the Incidence of Surplus Labour: Experience from China During
Reform”, Journal of Chinese Economic and Business Studies. 7 (3), 341-361.

 Sun, Guang-Zhen (2009), “The Age-Dependent Value of Time: A Lifecycle Analysis”, Journal of Economics ,
97(3), 233-250.
 Wong Ka Kei Gary and H J Park (2007), “The Use of Conditional Cost Function to Generate Estimable Mixed
Demand Systems”, American Journal of Agricultural Economics, 89 273-286.
 Wong Ka Kei Gary and K R McLaren (2005), “Specification and Estimation of Inverse Demand Systems: A
Distance Function Approach”, American Journal of Agricultural Economics, 87, 823-834.
 Zheng, Mingli (2005) “Rational Legal Decision-Making, Value Judgment and Efficient Precaution in Tort Law,”
Journal of Institutional and Theoretical Economics, 161(3), 411-427.
 Zheng, Mingli (2006) “Bidding Behavior in Competing Auctions: Evidence from eBay,” European Economic
Review, 50(2), 307-322.

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Programmes
B.Soc.Sc.
M.Soc.Sc.
Ph.D
Macao, Hong Kong,
Other Countries Normal Study Period
China mainland and Taiwan
MOP26,800 (per academic year) MOP34,600 (per academic year) 4 academic years
MOP61,600
MOP75,600
MOP76,800
MOP94,500
2 academic years
3 academic years
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 Three types of on-campus hostel:
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Medical Service
Cost of living in Macao  monthly min. MOP2,800
Official currency in Macao  MOP
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 Macao Immigration Department’s URL: http://www.fsm.gov.mo/psp/sm/epromise_sm.htm
 Detailed portrait of Macao city: http://www.cityguide.gov.mo

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 Address: Department of Economics, Faculty of Social Sciences and
Humanities, University of Macau, Room TM2A, Tai Fung
Building, Taipa, Macao SAR, China
Telephone: 853-83974274
Email: econ@umac.mo
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Telefax: 853-28838312
URL: http://www.umac.mo/economics
Programme
Doctoral Degree
(For Local, Chinese Mainland and Foreign Students)
Master's Degree and Postgraduate Certificate
(For Local and Foreign Students)
Master's Degree (For Chinese Mainland Students)
Bachelor's Degree (Recommended Direct Admission)
Bachelor's Degree
(Admission Examination - for Local and Foreign Students)
Bachelor's Degree
(Direct and Transfer Admission - for Local and Foreign Students)
Bachelor's Degree (For Chinese Mainland Students)
Application Period
Please visit the Graduate School webpage http://www.umac.mo/grs/
04 January - 31 March, 2010
04 January – 31 March, 2010
11 - 29 January, 2010
08 February - 03 March, 2010
01 - 30 April, 2010
10 May - 30 June, 2010