Master of Chinese Economy and Finance


Master of Chinese Economy and Finance

General Information

Launched in 2007 and 2012 respectively, EMA Chinese Economy Program and EMA Finance Program are English-taught master’s degree programs designed for international students who wish to acquire a comprehensive knowledge of China in the fields of economics, finance, business and national policies. Supported by SOE’s well-established discipline of economics, its strong education and research background, and its excellent academic atmosphere, the two programs provide the students with a solid platform to study a wide range of courses related to Chinese economy and finance. Upon graduation, students leave Fudan not only with a master’s degree, but also the potential for a successful career in China or at home.

At present, we offer not only general courses such as Macro- and Micro-Economics, Econometrics, but also customized courses such as Chinese Economy, Doing Business in China, China’s Taxation System and Fiscal Policy, Chinese Foreign Trade, World Economy and China, China’s Financial System, Social Security System and Its Reform in China, Foreign Direct Investment in Transition Economics, Urbanization in China, Time Series, Development Economics, Corporate Finance, etc.

Chinese Economy Program

Launched in 2007, the Program has proved to be a big success.

1. Specialty: World Economics (Globalization and Chinese Economy)

2. Degree: Master of Economics in World Economics

3. Duration: 2 years

Finance Program

EMA Finance Program was launched in 2012, and the first cohort of students was recruited in 2013.

1. Specialty: Finance

2. Degree: Master of Economics in Finance

3. Duration: 2 years

Entry Requirements

For degree students

1. Completion of a four-year or three-year bachelor’s or higher degree program from an accredited college or university

2. TOEFL:550+ (or IBT90+); or IELTS:6.5+

(Applicants from countries where English is the official language, or have graduated from English-taught programs are exempted from this requirement.)

Application Procedure

  1. Go to for online application.

  2. Upload required application documents.

  3. Pay application fee (800 RMB) online.

  4. Send two printed online application formsand two valid passport copies to School of Economicsby post (direct delivery is also acceptable) within two weeks from the date when the online application is confirmed..

*In terms of specific requirements for documents used in the online application system or hard copies to mail to us, please follow the guideline for application on the website of International Students Office (


For degree students: 80,000 RMB per year

Graduation Criteria

1. To receive a diploma, students must

- Pass the examinations for all compulsory and optional courses (at least 31 credits)

- Pass the thesis defense (3 credits)

2. To receive a degree certificate, students must

- Meet the requirements for receiving a diploma;

- Have a GPA of 2.0 +must higher than 2.0fordegree courses
3. Thesis Requirements

- Total words cannot be less than 15,000 (around 50 pages).

- Students are supposed to prepare and compose the thesis for more than one semester.

- Both the composition and defense should be in English.

- Thesis should be academically connected to student’s research direction.

Course Information



Chinese Economy
Li Dan, Associate Professor

PhD, Boston University
Credit: 3

 This course is a special course on Chinese economy. The course is designed to let students understand the great changes in China in the past thirty years through its economic reforms and opening to the outside world, and China’s fast economic development.
The course is divided into three parts. Part one provides a general introduction to Chinese economy from historical perspectives. Part two deals with the process of China’s economic reforms and opening process. The last part turns to issues in China’s economic development in the past thirty years.

China's Financial System
Yin Xingmin, Professor

 PhD, University of Essex
Credits: 3
Hours: 54

 Overview of China’s financial system, the banking and intermediation sector, understanding China’s interest rates, central banking and the conduct of monetary policy, money and inflation, financial intermediation and credit policy in economic development, the interaction between monetary and fiscal policies, the money markets, the capital markets, the mortgage markets, debate on RMB exchange rate policy, commercial banking industry, banking regulation, securities and investment funds, and financial system and economic performance.

Chinese Foreign Trade
Cheng Dazhong, Professor

 PhD, Fudan University
Credits: 2
Hours: 36

 This course is comprised of three sections. In Section I, we first introduce basic theories and approaches that are useful for analyzing Chinese foreign trade. Then we look back the long history of Chinese foreign trade and pay special attention to the regime reform of Chinese foreign trade since 1978 and China’s response to the latest developments in the global economic and trade institutions. Section II investigates Chinese foreign trade pattern, structure and performance in different settings including neoclassical framework, at the industry-level as well as the firm-level, and in the presence of “trade in tasks” or “trade in value added”. The final section discusses the implications of Chinese foreign trade development for China and the rest of the world.

Monographic Study on Chinese Finance
Shen Guobing, Professor

 PhD, Zhejiang University
Credits: 3
Hours: 54

 This course is aimed to enable students to grasp the basic knowledge introduction to Chinese finance, and apply core advanced economic theory and quantitative methods to the issues of Chinese finance, through lecture learning, literature reading and case thinking.

Social Security System and Its Reform in China
Ding Chun, Professor

 PhD, Fudan University
Credits: 2
Hours: 36

 Through "China's social security system and its reform" course open for foreign Master students, they can have an understanding of the basic concepts of the social security system, relevant theories and the bud, the formation, the question of reform and the trends of the social security system in the world. On this basis, the establishment, development, reform and reconstruction of Chinese urban and rural social security system are introduced since the founding of New China.


 Li Huailu, Assistant Professor

 PhD, Boston University
Credits: 3
Hours: 54

This course is an advanced study of the theory and application of econometrics to economic problems. The key objective of the course is to provide students tools to tackle the problems arises from economic analysis. The main topics that will include qualitative response model, maximum likelihood estimation, instrumental variable analysis, casual inference, panel data analysis, data collection and survey design, and measurement errors. Students will be learning statistical software Stata along the way and required to complete a set of homework using Stata.

China's Taxation System and Fiscal Policy
Du Li, Associate Professor

 PhD, Fudan University
Credits: 3
Hours: 54

This course is designed to introduce China’s taxation system and fiscal policy. It will start with a brief description of the level of China’s tax revenue, China’s tax legislation system, tax collection and administration system and the taxes payable in China. Then the course will cover the rules of China’s major taxes. Various elements such as the scope, taxpayers, taxable items, rates and incentives of these taxes will be discussed. After that, we will recall the major measures taken in China’s last two rounds of tax reform and try to forecast the possible steps of future tax reform. In addition, we will discuss China’s budget system,intergovernmental fiscal relationship and the major fiscal policy measures and their effects.

World Economy and China
Lu Hanyin, Associate Professor

 PhD, Fudan University
Credits: 2
Hours: 36

 This course examines the implications of China's emergence as a major player in the world economy. Its integration into the global economy brings major effects for the rest of the world. China's participation in the world economy also offers important opportunities for trade, investment, and international cooperation to promote world prosperity and stability.

Doing Business in China
He Xiyou, Associate Professor

 PhD, Seoul National University
Credits: 3
Hours: 54

Fast economic expansion, coupled with a rapid market transformation and a series of government reforms, China has become an increasingly attractive destination to do business. This course is designed to introduce some basic knowledge of Chinese culture, economy, legal system and market entry strategy, which are essential to building a successful business in China.

Xi Xican, Assistant Professor

 PhD, Arizona State University
Credits: 3
Hours: 54

 Economics is the study of how society deals with the problem of allocation of scarce resources across competing uses. Every economic system must answer a few central questions, e.g. what goods to produce, how much of each good to produce, how to produce them, who gets the goods, etc.

Ge Jinfeng, Assistant Professor

 PhD, Stockholm University
Credits: 3
Hours: 54

 The level of this course is intermediate macroeconomics. Macroeconomists are interested to know how far the standard model can explain consumption, investment, unemployment, business cycle, economic growth, money demand ... A bit stretched perhaps, policy implications can be obtained based on relevant frameworks. In the end of the course, students are supposed to know how to solve basic models, and how to map from theory to reality.

Foreign Direct Investment in Transition Economy
Luo Changyuan, Associate Professor PhD, Vienna University of Economics and Business Administration
Credits: 2
Hours: 36

 This course will explore the motivation and effects of FDI in host countries. The contents consist of two parts, namely general topics and special issues. As for the part of general topics, we will investigate FDI’s role in economic growth and technological progress. As for the part of special issues, we will focus on inward and outward FDI in China. In this part, the first 5 sessions will discuss facts and effects of inward FDI in China. The last session will turn to outward FDI in China.

Industrial Organization
Zhou Yu, Assistant Professor

 PhD, University of Michigan, Ann Arbor
Credits: 3
Hours: 54

 The purpose of this course is to expose students to topics and techniques frequently discussed in Industrial Organization Literature. The first half will cover demand, supply, entry and matching. The second half will cover single-agent dynamics and market dynamics.

Development Economics
Liu Yu, Assistant Professor

 PhD, Yale University
Credits: 3
Hours: 54

 The course covers some of the central issues in recent development economics literature and introduces a variety of methodological approaches to study these issues. It draws on a broad range of research papers and emphasizes particularly on their empirical methods. The goal of this course is to transform students into researchers who can conduct independent projects related to economic development.

Urbanization in China

 Wang Zhi, Assistant Professor

 PhD, Brown University

 Credits: 3

 Hours: 54

 The goal of this course is to give students an understanding of how to apply the latest thinking and research in economics to analyze a series of topics related to urbanization in China.

Note: Course list is subjected to change. In addition to the courses above, we have series of short-term courses named after Pro. Jiang Xuemo which are taught by the esteemed scholars from all over the world, normally with 1 credit each.


International Programs Office

School of Economics, Fudan University

Room 408, 600 Guoquan Road, Shanghai 200433, P. R. China

Tel: 86-21-55664890

Fax: 86-21-55664890