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The curriculum of the MDE was developed
with substantial input from the ISS. The curriculum is designed to ensure that
graduates achieve professional standards in economic policy analysis.This is done by developing the critical
analytical and technical capacities of students, who apply their understanding
of microeconomic, macroeconomic and international economic theories to policy
issues in development. Courses in the MDE combine lectures with
individual and team work designed to develop the abilities of students to
practically apply economic theory to the Vietnamese context. Particular emphasis is placed on
strengthening students' ability to formulate and defend arguments. Substantial
subjects in Quantitative Research Methods and Thesis Design in Research Methodology II help
students to develop interesting, viable and clearly argued thesis research
proposals. The course list for the part-time program (applied from batch 16) is shown below.
I. CORE AND FOUNDATION No. Course title Code Content 1 Microeconomics ECON501 Text book: Microeconomic Analysis, Hal R. Varian
(1992) This course provides fundamentals and advanced
knowledge of microeconomics, including theories of consumers and
producers, market equilibrium, are covered in of the first half
of the course. Monopoly and basic game theory (mainly with
applications to industrial organization) are covered in the
second half. The games included are static and dynamic games of
complete information and static games of incomplete information 2 Macroeconomics ECON502 Advanced Macroeconomics, David Romer (2001) This course serves as an introduction to more advanced
methods and theories. Techniques include a more formal treatment
of comparative static, dynamics and stability analysis and will
involve matrix algebra as well as simple differential and
difference equations. Topics include extensions to some familiar
models such as IS-LM, AD-AS or Mundell-Fleming; a more formal
application of the rational expectations hypothesis in a variety
of contexts and an introduction to developments in growth theory 3 Mathematics for economics MATH503 Chapter 1, Advanced Microeconomic Theory (1995) This course concentrates on the mathematical methods
that are required to understand current economics and to
investigate economic models. Topics may include optimization
with and without constraints; linear models; advanced matrix
algebra, integration and functions. 4 Statistics and econometrics STAT504 This course covers the elements of probability and
statistics needed for regression analysis in the first few
lectures. We then move to a scalar treatment of econometrics
and some applied work in Stata. The ultimate goal of the course
is to produce students who can use econometric software for data
analysis while having a solid basis in the theoretical
concepts. Exercises late in the course require the use of
econometric software, and students also develop skill in
interpreting and understanding regression output and how it
pertains to economic and policy questions 5 Research Methodology RM505 6 Economic Development ECON506 Economic Development, Michael P. Todaro & Stephen C.
Smith (2006) (Adelaide)This course will focus on the theories of
economic growth and the structural features that are typical of
developing countries. The aim is to provide students with an
economic understanding of the origins of uneven patterns of
growth and development, as well as an understanding of policies
that can be applied in developing countries and how we can
measure their effectiveness. The course will examine a number of
current theoretical and applied topics from development
economics research. The course has a strong applied focus. The
students will apply the frameworks of microeconomics and
macroeconomics to the key economic problems in developing
countries, and apply their knowledge of econometrics to articles
that conduct quantitative analysis. (Yale Uni)This course
examines the models constructed by classical and modern
economists to explain long-term economic growth in developing
countries and the empirical relevance of these models to the
present-day developing countries. Specific topics to be covered
include: income distribution; foreign trade problems; population
growth; savings behavior; and the role of government. This
course will also include consideration of some or all of the
following issues in development policy: employment and
unemployment; poverty among the working poor; education and
human resources policy; fiscal policies; and rural development II. SELECTIVE (students choose 6 courses, at
least) N.0 Group of subjects/ topics Course title Code Content 8 Economics Public Economics ECON512 Economics of the public Sector, Joseph E. Stigltz
(2000) This course investigates the role of the public sector
in the economy, especially the role of the government, and
fundamentals of the welfare economics. This course helps
explaining the role of the government and why the government
intervention is needed (emphasizing market failure and
inequality), how it influences the behavior of the private
sector, what the welfare effects of such influences are, and so
on, with two welfare theorems and micro-based macroeconomic
frameworks on the role of the governments, key concepts of
political economy, which regards actions of the public sector as
determined by a political process. Much of the course is focused
on topics of market failures, public goods, externalities, and
government revenue and expenditure policies. Also, this course
considers the role of state owned enterprises (SOEs) in the
process of economic development and the basics of SOEs reform,
as well as the role of the non-profit organizations (NPOs). 7 Monetary economics ECON511 This course covers main topics of money demand and
money supply, open market operations, inflation and the optimal
quantity of money, the monetary policy transmission mechanism,
the term structure of interest rates, strategies of monetary
policy and optimal monetary policy, the time inconsistency
problem in monetary policy, monetary policy targets and rules,
and the role and independence of the Central Bank as a whole.
For each topic, the theory, policy relevance, empirical
evidence, and practice, are presented and discussed. 10 International trade ECON514 International Economics, Thomas A. Pugel (2004) This course lays out the economic foundation for
international trade and necessary tools to understand what
determines the way international trade patterns in the process
of economic development, the trade relation between the
developed economies and the developing and less-developed
economies. The relation of trade, investment and international
mobilization of resources are also emphasized. That requires
drawing on and strengthening the knowledge of (a) comparative
advantages and the role of foreign trade, (b) trade and growth
theories, (c) the economics and political economy of foreign
trade and investment policies, and (d) quantitative modeling of
global trade flows. 11 Economic Growth ECON515 This course provides a historical view and the
development of modern economic knowledge on economic growth,
from the Harrod-Dormar framework to neoclassical models and
endogenous growth theories. The course focuses on analysis of
sources and factors affecting economic growth, growth
convergence and the engines of economic growth, and the roles of
economic agents in the economy, especially the government.
Beside theoretical frameworks, this course also introduces
current debates on evidence and policy relevance to economic
growth for both developed economies and developing and
less-developed economies. 9 Public Finance ECON513 This course provides theoretical frameworks and
practice of taxation and government expenditure policies, fiscal
policy and adjustments, budget deficit and public debts.
Analysis of effects of such policies on resource allocation,
income distribution, economic growth and stability, and
budgetary impacts on the economy. Main topics includes taxation
(principles of taxation, neutrality and equity of taxation,
optimal taxation, recent trends of tax reforms in Vietnam and in
the world economy); government expenditure policy (focused on
education, healthcare, social protection and insurance); and
fiscal policy, budget deficit and public debts (including the
crowding out-effects, the sustainability of the government
budget, and inter-generational effects of public debt burdens) 12 Labor Economics (1)Modern Labor Economics Theory and Public Policy,
R.G.Ehrenberg (1994) ECON516 (2) Labor Economics, G.J. Borjas (2005) This course focuses on the general frameworks of labor
markets, understanding the functioning and the dynamics of the
labor markets. The important topics are the micro relation of
the suppliers of labor services (workers) and
the demanders of labor services (employers), the pattern of
wages, employment, and income, the role of individuals and firms
in the labor market; and the macroeconomic views on the
interrelations between the labor market, the goods market, the
money market, and the foreign trade market. Neoclassical views,
information approaches, and recent trends in the labor market
are also considered. 17 Applied Economics and Business International Finance ECONB531 International Finance, Pilbean, K (1994) This course deals with important and emerging issues
for open economies: international capital mobilization,
investment and capital market, capital flows, exchange rate, and
the role of transnational corporations. The objectives of the
course are to introduce main concepts, principles and models in
the theory and empirical studies in those two key areas of
international finance; and to apply the analytical tools to
understand the relevant policy issues in the global markets in
the process of globalizations. 21 Money, Banking and Financial Market ECONB535 The Economics of Money, Banking & Finance Market,
Frederic S. Mishkin (2004) This course considers the relation of money, banking
and financial markets. It provides the coverage of economic
principles that underlie the operation of banks and other
financial institutions in the economy. The role of money,
banking and financial markets in the economy and the impact of
monetary policy on the macro economy, the foreign exchange
market and international finance are emphasized. More broadly,
this course develops simple economic tools allowing students to
systematically analyze important monetary and financial problems
and developments in the world economy (such as crises in
emerging economies). This course provides a good starting point
for those intending to pursue economics at the professional
level. 20 Industrial Organization ECONB534 Industrial Oranization, Oliver E. Williamson (1996) This course provides a comprehensive view and
framework on industrial organization, specifically how to
organize firms or institutions to work well in specific
industries. Students of industrial organization depart from the
competitive model by analyzing the behavior of firms and its
impact on market structure, pricing and profits. This course
starts by teaching the tools for studying industrial
organization, namely some basic microeconomic theory and game
theory. It then looks at various theories about the organization
of firms and industries, strategic interactions amongst firms,
issues of game theory and price discrimination, product
differentiation, entry barriers, vertical restraints, and the
role of information in firm behaviors. 18 Corporate Finance ECONB532 Corporate Finance, Stephen A. Ross and et al (2006) This course focuses on the main principles and
important topics of corporate finance, including financial
management system, financial statements and cash flows, long
term financial planning models, cash flow valuation, stock
valuation, capital budgeting and project analysis and
evaluation, return, risk and the security market line, options
and corporate finance, cost of capital, financial leverage and
capital structure policy, dividend and dividend policy, short
term financial planning, cash and liquidity management, credit
and inventory management, and advanced topics in corporate
finance, including risk management, mergers and acquisitions,
and leasing. Beside theoretical frameworks, this course also
emphasizes on the practical issues of corporate finance in
Vietnam and other countries in the world. 19 Cost benefit analysis and Project Appraisal ECONB533 Cost-Benefit Analysis Concepts & Practice, Anthony E.
Boardman (2006) The course focuses on the detailed frameworks and
explanation of the financial analysis of projects and moves on
to provide students with an understanding of the theoretical
rationale for modern cost benefit analysis (CBA). Opportunities
will be provided to give students a thorough working knowledge
of its application in developing countries and Vietnam. Quantitative Analysis for Investment Management Quantitative Analysis for Investment Management, R.A.
Taggart, JR (1996) This course is to provide a concise overview of the
quantitative tools and models that have been most widely used in
investment management. These tools are primarily useful for the
following: (a) measuring and managing the different dimensions
of risk, (b) valuing securities of different types, (c)
Identifying arbitrage pricing relationships across securities
markets, and (d) Implementing portfolio strategies. 22 Economic Policy Design and the Vietnamese Economy Economic Policy Design in Theory and Practice ECON518 Economic Policy & State Intervention, N.S.S., Narayama
(2001) This course provides principles and general frameworks
of economic policy design, policy designing process, approaches
of setting policy priorities, the mechanism of linkages of
inputs, outputs and outcomes in the policy cycle, the roles of
policy makers, economists and other stakeholders, political
process and the interactions of the government, private
participation and the market. Beside theoretical arguments, this
course also focuses on the practice of specific policy design
frameworks and case studies in Vietnam, such as tax policies,
poverty reduction programs, and social security policy. Vietnamese Economy and Economic Policy ECONB541 This course examines the process of economic reform in
Vietnam, analyzes important factors contributing to economic
development, and the role of economic policy in Vietnam. The
main topics include analysis of economic structure changes, the
process and contents of the comprehensive economic reform
policies, macroeconomic frameworks and design, and emerging
policy topics and the perspective for the Vietnamese economy in
the short term and the medium and long terms 15 Further Research Advanced topic in Econometrics QUAN521 The objective of this course is to equip students with
econometrics tools that are useful in applied economic research.
The content may vary from year to year. Tentative topics to be
covered included macro-econometrics model, equation system, time
series, panel data analysis 16 Advanced Maths for Economics MATH523 Techniques of constrained optimization including both
equality and inequality constraints, maximum value functions and
the envelope theorem; general equilibrium including fixed
points, existence and uniqueness of competitive equilibrium and
the fundamental theorems of welfare economics; dynamic
optimization; the maximum principle; and dynamic programming and
Bellman's Equation COMPULSORY 23 English for Academic Purposes ENG551 This course aims at preparing students for the
language demands of the degree. Students learn to analyze and
critique economic texts, to write academic essays, to summarize,
paraphrase and quote, to express opinions using evidence and
logical argument sand to reference using the Harvard system.
24 Philosophy Phi552 This compulsory course is taught in Vietnamese and
provides an introduction to the discipline of philosophy 25 Political Economics Pol553 This course is taught in Vietnamese, students are
provided with history and practice of political economy
theories. 26 Research Seminar THESIS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
