International Business Concentration - CSU College of Business
Business Economics1 0 Business Economics Department of Decision Sciences and Managerial Economics...
Transcript of Business Economics1 0 Business Economics Department of Decision Sciences and Managerial Economics...
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Business EconomicsDepartment of Decision Sciences and Managerial Economics
Concentration Briefing Session(2019-2020)
Dr. Andrew Yuen
Business Economics Concentration Advisor
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What do you want to achieve after your graduation?
Which concentration(s) to choose?
Think about what you want to achieve, then by backward induction
John Nash, an economics Nobel Prize winner
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Find a good job!
Find a Management Trainee Position!Oil price has been declining, what should we do?
HK Express may enter the market, what should we do?
Have your own business!
You need to make a lot of corporate decisions!3
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Become an IBanker!
Earn a lot of money!
Buy an apartment now?
Invest in US Stocks?
You need to make a lot of investment decisions!
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Become a “successful” person!
Which courses to be taken?
What to do in your summer vacation?
You need to make a lot of individual decisions!5
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How to make good decisions?
1. Investment decisions
You need to learn Macroeconomics
2. Corporate decisions
You need to learn Managerial Economics
3. Decisions in your daily life
You need to learn Microeconomics
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How to apply economic concepts in making decisions?How CX respond Hong Kong Express?
You need to understand the analysis of entry barrier from managerial economics.
Invest in US stock?
You need to understand the relationship between Sino-US Trade War and economy from macroeconomics.
How to select a good course?
You need to understand the concept of opportunity cost from microeconomics.
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BE Concentration Requirement (4 year curriculum admitted in 2014-15 or thereafter)
(i) Required courses:ü DSME2021 Applied Econometrics for Business Decisions(common for other DSME and FINA Concentrations)ü DSME 4110 Economic Analytics(common for both B. Econ and B. Analytics Concentrations)
(ii) 2 courses from:ü DSME3030 Business Forecastingü DSME3050 Global Economicsü DSME3080 Macroeconomics for Managersü DSME3090 Game Theory for Business Strategyü DSME4040 Managerial Economicsü DSME4080 Guided Research in Business Economics
(iii) 1 DSME course at 3000 or above and other than those taken for fulfillment of requirement (i) or (ii)
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BE Concentration Requirement (4 year curriculum admitted in 2019-20 or thereafter)(i) Required courses:ü DSME2021 Applied Econometrics for Business Decisions(common for other DSME and FINA Concentrations)ü DSME 4110 Economic Analytics(common for both B. Econ and B. Analytics Concentrations)(ii) 2 courses from:ü DSME3000 Current Topics in Business Economicsü DSME3011 Behavioral Economics and Business Decisionsü DSME3030 Business Forecastingü DSME3050 Global Economicsü DSME3080 Macroeconomics for Managersü DSME3090 Game Theory for Business Strategyü DSME4040 Managerial Economics in the Information Ageü DSME4080 Guided Research in Business Economics(iii) 1 DSME course at 3000 or above and other than those taken for fulfillment of requirement (i) or (ii)
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Grad JobWhen you are 30s….
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Two major trends affecting future labor market
Globalization
Technological advancement 11
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How the future labor market affected?
2. Skills and knowledge become outdated rapidly
1. Rapid change in economic structure and sectoral shift
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"Top 3" Skills Desired By Hiring Managers
1. Analytical & Research Skills
2. Communications Skills
3. Computer & Technical Literacy
Source: Career Center Toolbox
Learn how to learn
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Learning in BE concentration is not only in classroom
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Bridging between theory and practice
1. Practicum and Consultancy Opportunities
• DSME 4110 Economic Analytics and others
• Solving Real Company Problems as a Economic Consultant
• What students did?
• Understood the business issue• Analyze the market• Propose a solution
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Bridging between theory and practice
1. Practicum and Consultancy Opportunities
• Market Analysis for e-Sports in Hong Kong for Emperor eSports Star
• Blockchain Application for Acorn Information Technology
• Market Development for VR Camera for Izugar
• Feasibility Analysis of Laconius – an online facial beauty consultancy company
• New Economics of Agriculture in China and Vietnam using Blockchain for Impact Lab
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Bridging between theory and practice
2. Practicum and Consultancy Opportunities
• Company projects– Cathay Pacific, HK Airport, HK Airlines, HK
Express, Shenzhen Airlines, Impact Lab
• Government projects– Chinese Belt-Road Initiative– Big Bay Area– Fashion design in global value chains
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Students Participate in the APEC Vietnam 2017 Conference in Hanoi
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2. Other activities
Hi-Tech Development in Shenzhen in October 2018 (for DSME Concentration students and subsidized by DSE Department)
Firm visit – Sensetime in Nov 2018
Firm Visit –HKTV Mall, Jan 2019
Economic Salon• Understanding global economy in 90 min (Andrew) • Crime Economics (Fred)• Economics in Hong Kong Property Market (Sunny)• Monies and inflation (David)• Millionaire in Seven Years (William) Campus talk by Google in 2016 19
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Who are suitable for BE?
1. Are interested in economics, especially its business application
2. Consider double concentration• One for industry knowledge/ One for analytical
training• Business Economics + Business Analytics
1. Care about your long term career development
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Potential careers for BE students
1. Investment analyst
2. Business consultant (like BCG, Mckinsey, Accenture…)
3. In-house economic analyst (like HSBC, SHK Property, Governenment, etc.)
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Potential careers for BE students
4. Tech Companies – like Google, Facebook, Amazon, Airbnb and Uber and Microsoft
Why Tech Companies Hire So Many Economists by Harvard Business Review (12 Feb 2019)
5 Questions Economists Can Help Tech Companies Answer
• What are your goals around user growth, profitability, fairness, etc, and how is the design of your platform affecting them?
• Are scale economies important for your company?• How is your company affecting the world? • How to improve your management practices and
decision making? • How are you thinking about your data assets?
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Potential careers for BE students
Any career needs strong analytical and research skills!!!!
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If you want to have more ideas about BE concentration, you could send me an email to make an appointment for an individual meeting.
My email is: [email protected]
If you are interested, remember indicating your intention through UGO website.