Bachelor of Arts (BA) - The University of Hong Kong

141Third-year CoursesECON3505.Project evaluation (6 credits)This course covers the economic evaluation of projects from a public sector viewpoint usingmicroeconomic tools. It explores the normative aspects of evaluating public projects and policies, themeasurement of welfare change and public investment criteria, and employs basic financial analysis.Economic and financial evaluation of government projects and Build-Operate-Transfer infrastructureprojects (so-called BOT projects) will be discussed.Assessment: coursework 40%, examination 60%.FINA3806.Risk management (6 credits)This course introduces students to (1) the use of insurance in business and (2) corporate financial riskmanagement. Topics include insurance contract analysis, life and health insurance, property andliability insurance, pensions, identifying and measuring financial risk, and managing financial riskusing forwards, futures, swaps, options, and innovations such as caps, floors, collars, break and rangeforwards, and swaptions.Prerequisites: FINA0302 and FINA2802.Assessment: coursework 40%, examination 60%.FINA3807.Special topics in finance (6 credits)This course covers current developments in finance. Possible topics include security trading andmarket making, venture analysis, financial contracting, investment strategies for local markets andother current issues in finance. The exact topic to be offered will be determined by instructors.Prerequisites: FINA0302 and FINA2802.Assessment: coursework 40%, examination 60%.ECON3801.Reading course (6 credits)This course consists of supervised reading and written work. Candidates may specialize in one topicunder the supervision of a lecturer(s). Examples of topics are: the problem of social cost, investment inhuman capital, general equilibrium theory, empirical methods in international trade, internationalmonetary relations, theories of saving and the East Asian economies, and current economic problems ofHong Kong.An original project paper is required in lieu of a written paper in the Examination. It shall not exceed10,000 words in length, and must be completed and presented not later than May 31 of semester VI ofthe curriculum. Candidates shall submit a statement that the project papers represent their own work (orin the case of joint work, a statement countersigned by their co-worker(s), which shows the degree oftheir works) undertaken after the registration in the course.Prerequisites: ECON2101 or ECON2113 and ECON2102 or ECON2114.Assessment: project paper 100%.FINA3601.Reading course (6 credits)The course consists of supervised reading and written work. Candidates may specialize in one topicunder the supervision of a lecturer(s). Examples of topics are: securities transaction, informational roleof prices, risk management, financial forecasting, and techniques of financial analysis.An original project paper is required in lieu of a written paper in the Examination. It shall not exceed10,000 words in length, and must be completed and presented not later than May 31 of the semester VIof the curriculum. Candidates shall submit a statement that the project paper represent their own work(or in the case of joint work, a statement countersigned by their co-worker(s), which show the degree oftheir works) undertaken after the registration in the course.Prerequisites: ECON2101 or ECON2113 and ECON2102 or ECON2114.Assessment: project paper 100%.