Typically, the core-degree comprises
microeconomics,
macroeconomics and
econometrics; while
mathematical economics is sometimes required. Micro- and macroeconomics are taught through the "intermediate" level, preparing the student for the "advanced" postgraduate courses. Macroeconomics extends to a discussion of the
more advanced models of the economy, differences here between
schools, and the related
policy analysis; microeconomics extends to
general equilibrium, to an analytic approach to demand with curves derived from
utility functions, and to
game theory as
applied to competition, and hence supply. Some programs then specify a course in
microfoundations, where the macroeconomic models are derived by aggregating microeconomic models.
Econometrics is intended to give empirical content to these economic relationships, and here focuses on the
single-equation methods largely
linear regression, and
time series; students are trained on
packages such as
STATA,
EViews and
R. Building on this core, are courses in the major
branches of economics:
monetary economics,
international economics,
development economics,
labor economics, and
welfare economics. Social science oriented degrees may emphasize
economic statistics and
political economy; and often do not require econometrics or mathematical economics.
History of economic thought and
economic history may be included in either variant. Electives Co-requisite courses from outside of economics are invariably a program requirement. Common to all business programs are introductory or
business statistics, and "quantitative techniques", comprising basic calculus, interest calculations, and sometimes matrix operations; the social science programs sometimes include these, and may also require credits in
sociology and
psychology. Some knowledge of
accountancy or management may be assumed in the "applied courses"; credits in these are usually inherent in the business degree. Most specialized programs require further "Mathematics for Economists", essentially a (detailed) survey of the topics mentioned above re US students; see . Statistics is similarly extended, Similarly, the Honors track will have additional math requirements. In Hong Kong, the
University of Hong Kong offers a four-year Bachelor of Economics degree, with an option to take a double major in Economics and Finance. --> ==See also==