SCHOOL OF BUSINESS AND MANAGEMENT
PART-TIME MBA CURRICULUM
FALL SPRING SUMMER
Year 1
Managerial Problem Solving Marketing Strategy and Policy Corporate Finance Business Data and Decisions Managerial Economics
Accounting for Management and Financial Decisions
Year 2
Macroeconomics and Operations & Technology Mgt Management Policy Global Economy Elective(s)
Managerial Model Building Elective
Human Resource Management
Year 3
Management of Management Field Study Management Field
Organisations Study
Elective(s) Elective(s)
Research Interests
Professor Yuk-Shee CHAN
Corporate finance; financial contracts and institutions; information economics.
Professor Nai-Fu CHEN
Arbitrage pricing theory; empirical research in asset pricing.
Dr Danny WONG Reader
Management accounting models; optimization; prduction control.
Dr Thomas R. JEFFERSON Reader
Management science (particularly optimization); operations management;
statistics; information systems.
Dr Surendra K. MANSINGHKA Visiting Reader
Investment theory; capital structure; financial decisions.
Dr Gordon P. PATZER Visiting Reader
Advertising research; physical attractiveness and marketing strategies.
Dr Francis T. LUI Senior Lecturer
Economic growth; macroeconomic theory; social security.
Dr Christine H U T I N Lecturer
Industrial organization; business and public policy.
Dr Andrew P. CARVERHILL Lecturer
Mathematical models in finance; financial options.
Dr Changqi WU Lecturer
Industrial organization; oligopolistic vertical integration; international busi- ness management.
Dr Chi-Wa YUEN Lecturer
Macroeconomics; economic growth; monetary and financial economics;
dynamic macro policies in closed and open economies.
Mr Hong-Leung LAM Assistant Lecturer
Empirical research in asset pricing; applied econometrics.
Undergraduate Courses
Permission of the Head of Department is an alternative to the stated prerequisite, and this is a requirement for all courses for which prerequisites are not stated.
ACCT 101 Financial Accounting [2-2-0:3]
lntroduction to the concepts and principles of accounting, analysis, recording and reporting of business transactions; preparation and interpretation of financial statements.
ACCT 122 Managerial Accounting [2-2-0:3]
lntroduction to cost accounting; collection, analysis and interpretation of cost data; product costing; direct costing; cost distribution; techniques for cost control and performance evaluation.
Prerequisite : ACCT 101.
ACCT 201 Intermediate Accounting I [3-0-0:3]
Further study of the application of generally accepted accounting principles to accounting for business organisations; evaluation of balance sheet ac- counts and the related effects on income determination.
Prerequisite : ACCT 101.
ACCT 202 Intermediate Accounting II [3-0-0:3]
Continuation of ACCT 201. Special problems in accounting for long term liabilities and owners' equities; business combinations and price-level adjust- ments; analysis of business performance.
Prerequisite : ACCT 201.
ACCT 262 Business Law [3-0-0:3]
The legal system and process of Hong Kong; law of contract; law of business entities; inclusiveof partnershipand limitedcompany; negotiable instruments and sales; guarantees; indemnity and suretyship.
ACCT 301 Advanced Accounting 13-0-0:3]
Accounting records for partnership and fund units; business combination;
preparation of consolidation statements; insolvency and receivership records and statements; accounting for estates and trusts.
Prerequisite : ACCT 202.
ACCT 304 Accounting Theory [3-0-0:3]
The theoretical framework of accounting; application of accounting theories for income measurement and assets valuation; the institutional framework;
the development process of accounting standards and practices.
Prerequisite : ACCT 202.
ACCT 306 Accounting for Non-Profit Organisations [3-0-0:3]
Reporting and management problems of non-profit organisations; basic concepts and principles of fund accounting; contemporary-issues in not-for- profit and regulatory accounting.
Prerequisite : ACCT 202.
ACCT 321 CosVManagement Accounting [3-0-0:3]
Principles relating to standard costs and budgeting; reports and analysis for cost control; relevant costs for managerial decisions; capital budgeting.
Prerequisite : ACCT 122.
ACCT 342 Taxation [3-0-0:3]
The Hong Kong taxation system and its administration; taxation of individuals, partnerships and corporations; taxation of overseas activities; stamp duty and estate duty; obligations compliance.
Prerequisite : ACCT 202.
ACCT 344 Auditing [3-0-0:3]
Objectives, standards and procedures of auditing; preparation of working papers; applications of statistical sampling; computer-assisted auditing and auditing of EDP services; professional liability and ethics.
Prerequisite : ACCT 202.
ACCT 361 Company Law [3-0-0:3]
Principles of law relating to companies registered in Hong Kong. Topics covered include company formation and records; share and loan capital;
management and administration; reconstructions, mergers and take-overs;
liquidation and receivership.
Prerequisite : ACCT 262.
ACCT 381 Quantitative Methods [3-0-0:3]
An introduction to quantitative techniquesfor managementdecisions. Theory and applications of linear programming; transportation and assignment problems; network analysis; inventory planning and control; simulation;
queueing theory.
Prerequisite : MGMT 11 1
ACCT 384 Accounting and Financial Information Systems [3-0-0:3]
The analysis, design and implementation of accounting and information systems and subsystems; decision support systems and expert systems for accounting and finance; database management concepts and design meth- ods; control and evaluation of information systems.
Prerequisite : BlNF 222.
ACCT 398 Independent Study [ 2 4 credits]
Directed study of selected problems in the area of accounting not covered in other courses.
BlNF 11 1 Business Statistics [3-1-0:4]
Collection, tabulation and presentation of numerical data; concepts of prob- ability and probability distributions; sampling; statistical estimation and hy- pothesis testing; correlation and regression analysis; statistical decision analysis.
BlNF 222 Business Information Systems [4-0-0:4]
Fundamental concepts and techniques of computing; use of computing systems for solving problems related to the planning and control functions of the firm; methodology of systems analysis, design and implementation;
management and control of business information systems.
Prerequisite : COMP 181.
ECON 11 1 Microeconomics [3-1-0:4]
Theory of the firm in the enterprise system; theory of consumer demand;
market competition and resource allocation. Selected topics on regulation will also be addressed.
ECON 121 Macroeconomics [3-1-0:4]
Theory of national income determination; monetary and fiscal policy of government. Some topics on taxation and international trade will also be covered.
ECON 212 Market Structure and Industrial Organisation [4-0-0:4]
The impact of industrial structure, antitrust law, and government regulation on the behaviour of the firm and the performance of the firm and the economy.
Competitive strategies with respect to pricing in oligopolies, production differentiation, and advertising are analyzed.
Prerequisite : ECON 11 1.
ECON 232 Business Forecasting and Econometrics [4-0-0:4]
A survey of topics on the applications of statistical methods to economic inquiry, with a strong emphasis on applied regression analysis for business forecasting and financial planning.
Prerequisites : ECON 11 1 and BlNF 11 1.
ECON 241 International Economics [4-0-0 :4]
Important topics in international economy, which include a review of the international monetary system; theory of balance of payments adjustment;
basic trade theory; and the analysis of various trade policies.
Prerequisites : ECON 11 1 and ECON 121.
ECON 351 Comparative Economic and Political Systems [4-0-0:4]
Presents and contrasts the economic analyses and problems under the market and central planning economies. Issues relating to economics and political systems are examined.
Prerequisites : ECON 11 1 and ECON 121.
ECON 361 Economics of Regulation [4-0-0:4]
Employment of economic analysis to explain the behaviour of regulatory agencies and regulated firms. Topics covered include product safety regu- lation, public utility regulation, and transportation regulation.
Prerequisite : ECON 1 1 1.
ECON 372 Public Finance [4-0-0:4]
A study of public sector economics. Topics include sources of public revenues; problems of the revenue system; public expenditure and budget- ing; and public borrowing.
Prerequisites : ECON 11 1 and ECON 121.
ECON 382 Mathematical Analysis in Economics [4-0-0:4]
Basic mathematical techniques, such as linear and nonlinear programming and optimisation methods, and their application to economic analysis.
Prerequisites : ECON 11 1 and MATH 002.
ECON 399 Special Topics i n Economics [2-4 credits]
The special topics course covers current developments in the field of economics. Topics to be selected by instructors.
FlNA 21 1 Corporate Finance [4-0-0:4]
An introductory course in financial management. Topics covered include the concepts and techniques of valuations of cash flows; capital budgeting; risk and return of assets; capital structure and dividend policy.
Prerequisites : ACCT 101, ECON 11 1 and BlNF 11 1.
FlNA 221 Investment Analysis and Porlfolio Management [4-0-0:4]
Analysisoftheinvestmentstrategiesforind'~dual investorsandinstitulions.Topics indude applications of modem portfolio theory for personal and institutional investment; analysis of common stocks, bonds, and options and Mures.
FlNA 232 Financial Markets [4-0-0 :4]
Theorganisation and functions of money and capital markets. Topics include money instruments; financial institutions; and markets for various securities, such as government and corporate bonds, and mortgage securities.
Prerequisites : ECON 11 1 and ECON 121.
FlNA 321 Advanced Corporate Financ [4-0-0:4]
Buildson the introductory course in corporate finance anddevelops in greater depth the theories and techniques of corporate valuation. Topics include leasing, merger and acquisitions, options, warrants and convertibles.
Prerequisite : FlNA 21 1.
FlNA 331 Management of Financial Institutions [4-0-0:4]
Examination of issues related to the management of different types of financial institutions, with an emphasis on banks and savings and loans.
Topics include lending criteria, asset and liability management, and regula- tory issues.
Prerequisite : FlNA 232.
FlNA 342 International Finance [4-0-0:4]
Examination of international finance from both the institutional and analytical viewpoints. Coverage includes foreign exchange, international balance of payments, Eurocurrency, and other international financial markets and institutions.
Prerequisites : ECON 11 1 and ECON 121.
FlNA 352 Financial Management of Multinational Corporations [4-0-0:4]
The international scope and dimension of financial planning; working capital management; the financing and investment decisions of multinational corpo- rations.
Prerequisite : FlNA 21 1.
FlNA 399 Special Topics in Finance [2-4 credits]
The special topics course covers current developments in the field of finance.
Topics to be selected by instructors.
MARK 212 Marketing Management [4-0-0:4]
Analysis of marketing from the viewpoint of the decision-maker, including the study of consumer behaviour, the economic environment, competitive struc- ture, and legal constraints as exogenous variables affecting the firm.
MGMT 221 Organisational Behaviour [4-0-0:4]
Human behaviour and behavioral issues in organisations studied from the perspective of the individual member and that of the manager.
Postgraduate Courses
Permission of the Head of Department is an alternative to the stated prerequisite, and this is a requirement for all courses for which prerequisites are not stated.
Management Core courses are denoted by an asterisk (*).
'ACCT 501 Accounting for Management and Financial Decisions [4-0-0:4]
An introduction to the application of accounting concepts and relationships in the recognition and solution of management problems. Use of accounting statements and reports for financial planning and control; financial statement analysis.
ACCT 522 Advanced Managerial Accounting [4-0-0:4]
Accounting concepts and procedures for the evaluation of business perform- ance; theoretical development of analytical techniques and their applications.
Prerequisite : ACCT 321.
ACCT 681 Research Methodology in Accounting [2-4 credits]
Nature of accounting research; identification of problems; research design and evaluation techniques.
ACCT 690 Special Topics in Accounting [2-4 credits]
Selected topics in an identified area of accounting. Course may be repeated for credit if based on a different selection of topics.
ACCT 701 Seminar in Financial Accounting [2-4 credits]
Critical examination of financial accounting principles and standards; the history of accounting; contemporary problems and developments; review of accounting literature.
ACCT 722 Seminar in Managerial Accounting [2-4 credits]
Review of contemporary literature in the field of managerial accounting; in- depth study of the theory of managerial accounting.
ACCT 799 Doctoral Seminar in Accounting Current research topics in accounting.
[2-4 credits]
'ECON 51 1 Managerial Economics [4-0-0:4]
Covers microeconomic theory and its application to business decisions and problems. Topics include theory of the firm, consumer demand, and eco- nomic analysis of regulations.
'ECON 512 Macroeconomics and Global Economy [4-0-0:4]
Introduces the basic macroeconomic analysis and international economics to students in business. Topics include the determinants of aggregate demand and aggregate supply, analysis of the impact of monetary and fiscal policies on the economy, and international trade and policies.
ECON 612 Market Structure and Industrial Organisation [4-0-0:4]
Examines the impact of industrial structure, antitrust law, and government regulation on the behaviour of the firm and the performance of the firm and the economy. Competitive strategies with respect to pricing in oligopolies, production differentiation, and advertising are analysed.
Prerequisite : ECON 51 1.
ECON 631 Business and Economic Forecasting [4-0-0:4]
Presents an introduction to practical forecasting methods useful for a wide variety of problems at the firm, industry, and economy-wide levels. Topics include trend models, smoothing, Box-Jenkins and time series regression models.
Prerequisites : ECON 51 1 and BlNF 11 1.
ECON 641 International Trade and Economics [4-0-0:4]
Covers the important topics in international trade and economics, which include a review of the international monetary system, theory of balance of payments adjustment, theory of international trade, and the analysis of various trade policies.
Prerequisites : ECON 51 1 and ECON 512.
ECON 652 Comparative Economics and Political Systems [4-0-0:4]
Presents and contrasts the economic analyses and problems under the market and central planning economies. Examination of issues relating to economics and political systems.
Prerequisites : ECON 51 1 and ECON 51 2.
ECON 662 Economics of Regulation [4-0-0 :4]
Employs economic analysis to explain the behaviour of regulatory agencies and regulated firms. Direct economic regulation and its alternatives are considered. Examples of safety regulation, public utility regulation, and transportation regulation will be discussed.
Prerequisite : ECON 51 1.
ECON 699 Special Topics in Economics [2-4 credits]
The special topics course covers current developments in the field of economics. Topics to be selected by instructors.
ECON 799 Doctoral Seminars in Economics Current research topics in economics.
[ 2 4 credits]
'FINA 512 Corporate Finance [4-0-0:4]
An introductory course in financial management. Topics covered include the concepts and techniques of valuations of cash flows, capital budgeting, risk and return of assets, capital structure and dividend policy, and merger and acquisitions.
FlNA 612 Cases in Corporate Finance [4-0-0 :4]
Builds on the introductory course in corporate finance. An application- oriented course dealing with cases in working capital, capital budgeting analysis and planning, corporate valuation, mergers, and financial strategies.
Prerequisite : FlNA 512.
FlNA 621 Investment Analysis and Portfolio Management [4-0-0:4]
Covers the analysis and management of common stocks and fixed income securities, behaviour of market prices of securities, development of modern portfolio theory and the efficient market hypothesis, and the organisation of securities markets.
FlNA 631 Financial System and Markets [4-0-0:4]
Covers the organisation and functions of the money and capital markets, interest rates and term structure, the financial instruments in these markets, and the analysis of the effects of government monetary policy on the financial markets.
Prerequisites : ECON 51 1 and ECON 521.
FlNA 632 Financial Institutions [4-0-0:4]
Covers the management issues for financial institutions, with an emphasis on banks and savings and loans. Economic and financial analytical techniques
are applied to the managerial problems of these institutions in the modern market environment.
Prerequisite : FlNA 631.
FlNA 641 International Finance [4-0-0:4]
Covers international financial institutions and capital markets. Topics include exchange risk and speculation, international balance of payments, and the Eurocurrency markets.
Prerequisites : ECON 51 1 and ECON 521.
FlNA 642 Financial Management of Multinational Corporations [4-0-0:4]
Covers the financial management of multinational corporations. Topics include the analysis of risk in foreign operations and strategies in foreign exchanges, and the financing and investment decisions of multinational firms.
Prerequisite : FlNA 512.
FlNA 651 Options and Future Markets [4-0-0:4]
Covers the organisation and functions of options and futures markets. Topics include analysis of futures and options contracts, spot and futures price relationships, speculation and hedging strategies, and market efficiency.
Prerequisite : FlNA 621.
FlNA 699 Special Topics in Finance [2-4 credits]
Covers current developments in the field of finance. Topics to be selected by instructors.
FlNA 799 Doctoral Seminars in Finance Current research topics in finance.
[2-4 credits]
*MARK 512 Marketing Strategy and Policy [4-0-0:4]
Focuses on strategic marketing objectives and the implementation of strate- gies through pricing, distribution channels, promotion, and new-product decisions.
'MGMT 474 Operations and Technology Management [4-0-0:4]
Analysis of strategic and operating policies and decisions for systems that produce goods and services. Examines the role of comprehensive planning, inventories, scheduling of resources, distribution systems, and system loca- tion. Comprehensive operating problems are also covered.
*MGMT 501 Business Data and Decisions [4-0-0:4]
Surveys statistical model building, emphasising managerial interpretations of statistical summaries of data. Covers classical statistics, including multiple regression, to support the courses in marketing and finance that follow. The fundamental approaches to decision making under uncertainty are pre- sented.
'MGMT 51 1 Managerial Model Building [2-0-0:2]
A survey of the uses of formal modelling approaches in managerial decision making. Emphasis on model types and formulations and on use of solutions obtained from computplication areas include finance, marketing, production, and public systems.
'MGMT 521 Managerial Problem Solving [2-0-0:2]
Study and practice of individual decision making and problem solving, including the impacts of personality, motivation, interpersonal communica- tion, and various decision-making techniques. The relationships between the individual, managerial roles, and complex organisations as they influence the managerial process.
'MGMT 523 Management of Organisations [4-0-0:4]
Develops an understanding of the workings of large and complex organisa- tions. Focuses on macroanalytic issues including intergroup relations, the design and functioning of complex organisations, and the relationships of organisations to their environments.
*MGMT 531 Human Resource Management [2-0-0:2]
Covers the critical issues and strategic questions involved in managing human resources including the four key policy areas that define human
resource management: employee influence; human resource flows; rewards systems; and work systems.
*MGMT 541 Management Policy [4-0-0:4]
Evaluation and formulation of an organisation's overall policies and strate- gies. Economic, heuristic, and social process approaches to policy formula- tion, environmental analysis, and organisational appraisal. Senior man- agement's role in managing the policy process.
*MGMT 581-582 Management Field Study [8-0-0:8]
Supervised study of an organisation, including establishment of client- consultant relationships, identification of problems or strategic questions, design of study, collection and analysis of data, development and reporting of implementable recommendations.