T h e s u m m e r course will be taught by

leading international experts, who are mainly full-time Professors/Senior Lecturers

at the University of Cambridge. The University of Cambridge was ranked 1st in the UK for Economics according to The Complete

University Guide's 2015 League Tables and ranked 4th in the world according to The Times Higher Education World Reputation Rankings 2014. 90 affiliates of the University of

Cambridge have won the Nobel Prize in different categories since 1904, of which 9 were in Economics.

The summer course provides a rigorous understanding of economic theory and policy that can be used by attendees to develop their practical-understanding of current macroeconomics, development and financial issues. The attendees will be able to apply economic concepts to address current key economic questions and current debates on crucial economic policies. The course will be conducted at Girton College, Cambridge.

Girton College was Cambridge’s first female college and was established in 1869, going co-educational in 1976. The College lies in self-contained beautiful spacious grounds just outside the city centre. The grass around the College - the woods, orchard, gardens, lawns and sports fields emphasise its open and informal atmosphere. Girton has a state-of-the-art library and excellent facilities for music. All sports facilities are on-site including hockey, football, rugby and cricket pitches; tennis, squash, basketball and volleyball courts, and a multi-gym. Girton is the only Cambridge College to have an indoor heated swimming pool, which has recently been refurbished.

Summer Experience at Cambridge: An Economic Perspective 5-12 July 2015

Learning economics from

leading UK academics

and experiencing study life

in Cambridge

5 Jul 2015Sun

Arrival in London, UKTransportation from London to CambridgeCambridge Colleges Tour

6 Jul 2015Mon

0930-1230;1430-1630

Lecture 1 – Strategic Thinking • Introduction to game theory and applications • Belief and information • Coordination • Trust and reputation • Negotiation

7 Jul 2015Tue

0930-1230;1430-1630

Lecture 2 – Macroeconomics of the Short Run• Monetary and fiscal policies • Asset prices and the macroeconomy • The yield curve and the macroeconomy • Commodity prices and the macroeconomy • Monetary policy game: Students will be asked to control inflation and output in a

simulated model.

8 Jul 2015Wed

0930-1230;1430-1630

Lecture 3 – Macroeconomics of the Long Run• Economic growth: Data and questions in economic growth and development;

investment and growth; human capital and growth; innovation and growth • Finance and growth: Credit market and investment • Credit policies and growth • Industrial policies and economic growth

9 Jul 2015Thurs

0930-1200

1430

Lecture 4 – Institutions, Political Economy and Growth • Corruption and growth • Political economy and growthPunting on the River Cam

10 Jul 2015Fri

0930-1200

1430

Workshop• Fiscal institutions and macroeconomic management in emerging economies:

The role of sovereign wealth funds and stabilization funds, the effect of the volatility curse on long-run growth.

Exam

11 Jul 2015Sat

Transportation from Cambridge to London London Eye rideFree time in London

12 Jul 2015Sun

Departure from London

* The course date and arrangement may be subject to changes.

COURSE CONTENT AND SCHEDULE

Who Should Attend• Postgraduate students, undergraduate students or graduates who are interested in this field and have previously taken

any economics subjects in their postgraduate or undergraduate studies.• Working executives with a few years of working experience who are interested and working in the related field.

The applicant should have some knowledge of economics, algebra and calculus. He/she is required to submit relevant document(s) to demonstrate that he/she completed relevant economic subjects in the past when submitting the application.

If the applicant is not a native speaker of English, and the Bachelor’s degree or equivalent qualification was awarded by an institution in non-English education medium, an English language certificate should be provided. Suitable certification includes: a minimum score of 80 for the Internet-based test, 550 for the paper-based test, or 213 for the computer-based test in the Test of English as a Foreign Language (TOEFL); or an overall Band Score of at least 6.0 in the International English Language Testing System (IELTS). Individual cases will be considered on their own merit.

Pre-course Reading A full reading list will be distributed before the course.

Assessment The course is assessed on the basis of the exam and satisfactory participation.

Medium of Instruction English

Award A Certificate of Participation from Girton College of University of Cambridge will be issued to participants upon successful completion of the course.

INSTRUCTORS

Dr. Toke Aidt is a University Senior Lecturer at the Faculty of Economics, University of Cambridge and a Fellow of Jesus College where he is the Director of Studies. He holds a Ph.D. in economics from the University of Aarhus, Department of Economics, Denmark (1998). His research expertise is political economics and public choice, i.e., the study of the interface between economics and politics. His most recent research has focused on links between corruption and sustainable development, the origins of democracy as the established mode of governance, the link between voting rights and the rise of the fiscal state, and environmental taxes and tax reform. The research has appeared in leading academic journals, such as the Economic Journal, Journal of Public Economics, European Economic Review and the American Economic Journal. He teaches public economics and applied microeconomics and was award the Pilkington Teaching Prize by the University of Cambridge in 2007. He is currently the President of the European Public Choice Society and serves on the editorial board of the European Journal of Political Economic, Public Choice, Constitutional Political Economics, and Environmental and Energy Economics.

Dr. Tiago Cavalcanti is a University Senior Lecturer at the Faculty of

Economics, University of Cambridge and a Fellow of Trinity College where he is the Director of Studies. He holds a Ph.D. in economics from the University of Illinois at Urbana-Champaign. His research expertise is Macroeconomics, Economic Growth and Development. His most recent research has focused on links between financial development and economic development, the effects of credit policies on the macroeconomy, and on the role of female labour force participation on economic development. The research has appeared in leading academic journals, such as the Journal of Monetary Economics, Review of Economic Statistics, European Economic Review and the Journal of the European Economic Association. He has taught Macroeonomics and Economic Growth at all levels in Cambridge, Brazil, United States and Portugal. He is currently the managing editor of the BE Journal in Macroeconomics.

Dr. Kamiar Mohaddes is a Lecturer and Fellow in Economics at

Girton College, University of Cambridge and is an Economic Research Forum (ERF) Fellow, as well as a visiting scholar at the IMF. He has been adjunct Professor at Boston University and will be a visiting Fellow of the University of Southern California Institute for New Economic Thinking (USC-INET) in 2015. He holds a PhD and an MPhil in Economics from the University of Cambridge and a BSc in Economics from the University of Warwick. His main areas of interest are applied macroeconomics, economic development and oil price modelling and his most recent research is on the effects of oil shocks on the global economy as well as the role of fiscal institutions and macroeconomic management in promoting growth in resource-rich economies. His articles have been published in a number of edited volumes (Cambridge University Press and Routledge) as well as leading journals (including the Journal of Applied Econometrics and Energy Economics).

Prof. Hamid Sabourianis Professor of Economics and Game Theory

at the University of Cambridge. He is a Fellow of King’s College Cambridge and Fung Visiting Professor at Hong Kong University of Science and Technology. He has also been a Visiting Professor at Birkbeck College London University, the European University Institute, the London School of Economics, New York University, the University of California Los Angeles and Yale University. He is a Fellow of the British Academy, a Fellow of Society for the Advancement of Economic Theory and an Associate Editor of two of the major economics journals: Journal of Economic Theory and Economic Theory. He received the Royal Economic Society UK Monograph Prize 1988 for the best monograph in Economics for UK Economists under 30 years old. His research interests in Game Theory and Economic Theory include Asset Prices with Asymmetric Information, Bargaining, Bounded Rationality and Complexity; Evolutionary Game Theory; Implementation and Mechanism Design; Market Games; Repeated Games; Social Learning and Herd Behaviour and Voting. Professor Sabourian has made numerous contributions to Economic theory and Game theory and his work has been published in some of the major journals such as Econometrica and the Journal of Economic Theory.

Prof. Jagjit S. Chadha is Professor of Economics at the University of Kent,

and a Visiting Professor at the University of Cambridge. He was previously Professor of Economics at the University of St Andrews and Fellow at Clare College, Cambridge. He was educated at University College London and the London School of Economics and then moved to the Bank of England as an Official working on Monetary Policy. He has also spent some time as Chief Quantitative Economist at BNP Paribas and is currently Chair of the Money, Macro, Finance Study Group, as well as the Gresham Professor of Commerce in the City of London. His research involves incorporating financial factors in macroeconomic models and he has acted as an advisor to many central banks throughout the world and is Editor of the series Modern Macroeconomic Policy-making by Cambridge University Press. He has published papers in many leading economics and finance journals and by downloads of his work he is in the top 1% of academic economists world-wide.

Course FeeHK$46,250 (excluding airfare)

Includes all academic related costs, 7 nights’ accom- modation (including 6 nights in Girton and 1 night in a 3- or 4-star hotel in London), 3 meals per day during the stay in Cambridge, a tour of Cambridge Colleges, ticket costs for the Punting Tour in Cambridge and the London Eye, transportation between London Heathrow Airport and Cambridge and travel insurance, but excludes round-trip airfare (including surcharges and taxes), meals during the stay in London, and costs for other travelling and sightseeing activities.

Air ticketParticipants will travel as a group. The group will depart from Hong Kong and arrive in the UK on 5 July 2015 (Sun). Air tickets will be purchased for the participants and will be charged separately based on the actual cost.

Application DeadlineAll registrations with deposit should be completed by 13 March 2015, Friday.

Visa ApplicationApplicants requiring a visa to enter the UK need to apply online for a General Visitor visa: www.vfsglobal.co.uk/hongkong/index.html. A standard visa costs GBP83. Please contact Ms Kathon Lin (3400 2758) if you need more information.

RegistrationApplicants should submit the application form together with the relevant documents (see checklist) to the Institute for Entrepreneurship (IfE). Applicants will be notified of the registration result. IfE reserves full right to accept or reject the application of a candidate without assigning any reason.

Upon registration, a deposit of HK$25,000 will be collected. This payment is non-refundable unless the application is unsuccessful or the course is cancelled. The remaining fee must be paid at least two calendar months before the course begins (i.e. before 5 May 2015, Tuesday).

Early Bird Discount (enrollment received by 27 February 2015, Friday)• 5% off: for general applicants• 10% off: for PolyU students / PolyU alumni • 10% off: for applicants refered by CEO Club / PVCHK / PVCBS

members• 10% off: for two or more enrollments

at the same time

Free Information SessionFor those interested in attending the session, please register at the IfE website or contact Ms Kathon Lin (3400 2758) to reserve a seat.

Date: 29 January 2015 (Thursday)Time: 6:30pm–7:30pmVenue: Y301

EnquiryInstitute for EntrepreneurshipQR702, 7/F, Core R, The Hong Kong Polytechnic UniversityHung Hom, Kowloon, Hong KongTel: 3400 2758 (Ms Lin) / 3400 2773 (General line)Fax: 2765 6323Email: ife.cdt@polyu.edu.hkWebsite: www.polyu.edu.hk/ife

Counter Opening HoursMondays to Fridays: 9:00am–7:30pm

Saturdays: 9:00am–1:00pm 2:00pm–5:00pm

Closed on Sundays and Public Holidays

 

 

 

Summer Experience at Cambridge: An Economic Perspective  

Application Form Course Code: MDSUM10149‐001‐15A (Date:  5 – 12 July 2015) 

(please “” as appropriate): Fee   Payment Arrangement 

Course Fee  

  HK$46,250 (Original price) 

  HK$43,935 (5% off) 

  HK$41,625 (10% off)             PolyU students/PolyU alumni             Two or more enrollments 

            Referred by CEO Club member (Member Name:_________________) 

            Referred by PVCHK member (Member Name:_________________) 

            Referred by PVCBS member (Member Name:_________________) 

 

Deposit of HK$25,000: pay upon registration  Balance: pay before 5 May 2015  HK$21,250 (Original price)  HK$18,935 (5% off)  HK$16,625 (10% off) 

 Payment Method  Credit Card# : Please fill in the application form and settle the payment in person at QR702, 7/F, Core R, 

The Hong Kong Polytechnic University, Hung Hom, Kowloon.  Cheque: Please send a crossed cheque (payable to “The Hong Kong Polytechnic University”) together with 

the completed application form to QR702, 7/F, Core R, The Hong Kong Polytechnic University, Hung Hom, Kowloon. 

#  Interest‐free  instalments  are  available  for  the  credit  card  holders  of  HSBC,  Bank  of  East  Asia  and  China 

Construction Bank (Asia). 

 

Name (Mr/Ms./Mrs)______________________________________HKID Card No. : __ ‐ __ __ __ __ __ __  ( __ ) 

Correspondence Address: _____________________________________________________________________ 

Contact no.: _______________________________(Mobile)      _________________________________(Office) 

Email: _______________________________________________Fax: __________________________________  Part 1 (For Undergradute/Postgraduate Students) 

Name of University: __________________________________________________________________________ 

Programme of Study:_____________________________________________________Year of Study:_________  Part 2 (For Working Executives) 

Organization: _______________________________________________________________________________ 

Business Nature: ______________________________________ Position: ______________________________ 

Graduated University/College:__________________________________________________________________ 

Programme of Study:_________________________________________________ Graduated Year:___________   

P.T.O. 

 

 

 

Personal Information Collection Statement Details of  the  Institute's Personal  Information Collection Statement  for courses are available  from  the Office (QR702,  Core  R)  and Website  (www.polyu.edu.hk/ife)  of  Institute  for  Entrepreneurship  of  The  Hong  Kong Polytechnic University. 

   I do not prefer showing my personal details (i.e. name, organization and position) on the Participant List 

and Attendance Sheet for information sharing purpose of this course.   I would like to receive the course details through email from IfE in the future. 

  Please “” and fax to 2765‐6323 if you do not wish to receive any marketing information from us in the future. 

  Please “” and fax to 2765‐6323 if you received this marketing information in duplicate. 

Remarks 

1. The  Institute reserves the right to alter the place, time of class and the  instructors due to unforeseeable circumstances. 

2. Payment  should be  settled  two months prior  to  the commencement of  the course. Course  fees are not refundable except for unsuccessful applications or course cancellation. 

3. Institute  for  Entrepreneurship  of  The  Hong  Kong  Polytechnic  University  offers  customized  training solutions for corporations. Please contact Ms Lin at 3400 2758 for more information. 

    

Signature:    Date:   

  

  

Application of “Summer Experience at Cambridge: An Economic Perspective” Document Checklist 

  Please bring the following original documents together with the payment when you submit your application.   

 

No.  Documents   Availability  For official use 

1. Completed application form       yes   

2. HK ID card       yes 

     not applicable 

 

3. Current and valid passport  (You need a page in your passport that’s blank on both sides for your visa.)  

     yes 

 

 

4. Student ID card  (applicable to undergraduate and postgraduate students)  

     yes 

     not applicable 

 

5. Evidence of your current study (applicable to undergraduate and postgraduate students)  

     yes 

     not applicable 

 

6. Evidence of your previous study in any economics subject in your undergraduate or postgraduate studies (e.g. academic transcript)  

     yes 

     not applicable 

 

7. Evidence of your last study or qualification obtained at undergraduate or postgraduate level (e.g. a certificate of award, academic reference or transcript)  

     yes   

8. Evidence of your current post and job nature       yes 

not applicable 

 

9. Evidence of your English language ability or qualifications (e.g. TOEFL, IELTS) (applicable to applicants whose qualification was awarded by an institution in non‐English education medium) 

     yes 

not applicable 

 

10. Deposit payment (HKD25,000)  yes   

‐‐ END ‐‐