Curriculum

Microeconomics

Microeconomics explores fundamental economic questions related to choice and incentives. Its central focus is on how scarce resources are allocated efficiently within an economy. This course covers consumer theory, which analyzes individual behavior; producer theory, which examines firm decision-making; and market equilibrium across various market structures. A solid understanding of microeconomics is essential for studying more advanced economic subjects.

History of the World Economy

This course investigates major economic systems and transitions from pre-market economies through the Industrial Revolution, the age of imperialism, global wars, the Great Depression, and the Cold War era. The focus is on understanding why some nations experienced economic development while others did not, offering insights into the future direction of the Korean economy.

Macroeconomics

This course examines how key macroeconomic variables—such as national income, aggregate output, inflation, unemployment, and economic growth—are determined and interrelated. It also explores the impact of fiscal and monetary policies on these variables and introduces modern theories of economic growth and business cycles.

Mathematical economics

This course offers a comprehensive introduction to game theory, which is essential not only for theoretical economics but also for understanding many real-world problems. Students will explore various types of games, each with distinct solution concepts depending on the strategic setting. The course focuses on identifying the appropriate game model for a given situation and analyzing the relevant strategies and solutions.

A solid foundation in basic mathematics and the ability to apply it is required to fully understand game theory. Students planning to take courses such as Industrial Organization are strongly encouraged to complete this course in advance.

Econometrics

Designed for students who have completed Economic Statistics and Mathematics for Economics, this course covers key econometric methods. The primary focus is on regression analysis, including ordinary least squares (OLS), maximum likelihood estimation, heteroskedasticity, autocorrelation, distributed lag models, and multiple equations models.

International trade

This course analyzes the causes and gains of trade between countries, the distributional effects of trade, the impact of trade policies, and changes in the global trade system. Emphasis is placed on how international trade and policy affect national economies.

Labor economics

Using analytical tools from microeconomics, students study major theories of labor economics and apply them to real-world labor markets. The course helps students navigate the complexity of labor-related issues and policies.

Public Finance

This course examines how government intervention in markets affects individual and firm behavior, as well as the efficiency and equity of resource allocation. It begins with fundamental topics such as efficiency, public goods, and externalities, and focuses in depth on taxation and the evaluation of fiscal policies.

Economic Growth

This course introduces key theories on the long-term growth of the economy and presents empirical methods for analyzing macroeconomic data. Students gain tools for evaluating factors behind sustainable growth.

Resource and environmental economics

The course provides theoretical frameworks and analytical tools for understanding the optimal allocation of exhaustible resources and the environmental impacts of their development. Topics include dynamic efficiency and the sustainable management of environmental externalities.

Financial Economics

The course offers a broad yet in-depth view of financial economics, covering financial markets, corporate finance, and personal asset management. Students explore theoretical and practical aspects of finance in a modern economy.

Economic Data Analysis

This course provides systematic training in data analysis methods used in economics. It covers data collection, processing, and quantitative analysis using statistical software and programming languages, with a strong emphasis on hands-on practice and interpretation of results.

Development Economics

This course examines the quantitative and qualitative aspects of economic development, including income growth and equitable distribution. Students analyze historical growth experiences of developed countries and explore development strategies and issues in developing nations.

International finance

Focusing on recent developments in the global economy, this course explores the dynamics of international financial markets, including exchange rates, interest rates, capital flows, and international monetary cooperation. Theoretical foundations and policy implications are both covered.

Industrial organization

This course studies different types of market structures and the strategic behavior of firms under each. Topics include competition, pricing strategies, market performance, and regulatory implications. It is a key course for understanding firm behavior in real-world markets.

Monetary and financial Economics

Students explore the roles of money and finance in a modern capitalist economy. The course covers monetary theory, financial systems, and how changes in money and credit affect economic activity and policy effectiveness.

Applied Econometrics

This practical course teaches students how to apply econometric techniques to real-world macroeconomic and micro-economic models using actual data. Emphasis is placed on empirical testing and the use of statistical software.

Dynamic Economic Theory

The course introduces mathematical techniques used in dynamic optimization and applies them to real economic problems. It helps students analyze how changes over time affect decision-making and economic outcomes.

Business Cycles

This course explores the nature of business cycles: what they are, why they occur, how long they persist, and whether they reflect equilibrium or disequilibrium phenomena. Students examine both classical and contemporary theories of economic fluctuations to gain a comprehensive understanding of the dynamics behind cyclical changes in the economy.

Investment and Risk Management

This course introduces key topics in investment theory and risk management for financial institutions. Students study concepts such as efficient portfolios and in-depth investment strategies for financial assets. It also covers the types of risks faced by financial institutions and approaches to managing those risks.

Economic Analysis Using Machine Learning

With the rise of big data and machine learning methods, there is growing demand for applying these tools to economic decision-making. However, economic data is often more complex and dynamic than data used in engineering. This course introduces machine learning methodologies suitable for analyzing economic data and provides hands-on training in empirical applications tailored to economic contexts.

Korea Economy

This course examines the historical and current structure of the Korean economy in the context of domestic and international changes. Students analyze key economic challenges and explore policy responses to guide Korea’s future economic direction.

Economic policy

This course analyzes how government policies affect opportunity costs and incentive structures faced by individuals and firms. Using microeconomic theory and econometric methods, students examine the effects of social policies—such as welfare, labor, education, healthcare, insurance, and pensions—on economic behavior and evaluate major academic findings in these areas.

Investment and risk management

As the importance of risk management, Validation is widely regarded as a basic tool for risk measurement and management and management.In risk management subjects, the amount of risk of risks inherent in various securities.In addition, the process of measuring risk inherent risk inherent risks inherent in securities are also studied.

A special lecture on economics

Throughout the implications of domestic and abroad, the ability to approach their implications and expressions through independence indicators.Introduction, interpretation and lectures on domestic and abroad.

Welfare economics

Focusing on the evaluation of resource allocation outcomes, this course studies normative criteria such as efficiency and equity. Students learn how to assess welfare implications of economic policies and understand the theoretical foundations behind social optimization and redistribution.

Derivatives and Financial instruments

This course helps economics majors develop a solid understanding of derivative markets, including options, futures, and swaps. It broadens students’ knowledge of modern financial markets and prepares them for careers in finance by strengthening their ability to adapt to real-world financial environments.

Economics of Distribution and Service Industries

This course examines the distribution and service sector, which accounts for approximately 9% of GDP and 15% of employment in Korea. With the economy shifting from manufacturing to services, understanding the structure and dynamics of industries such as wholesale, retail, and franchising is essential. Students analyze current industry trends, global market changes, and related policy issues while developing critical thinking and problem-solving skills through case discussions.

Behavioral Economics

Students explore behavioral economics concepts and apply them to real-world phenomena through data collection and analysis. This course bridges traditional economic theory with actual human behavior by combining theoretical reasoning with statistical methods. Although designed for economics majors, students from other disciplines with an interest in consumer behavior and basic statistical knowledge are also welcome.