School of Economics of YMU was initially named as Economical Management Department in 1979, and then it was renamed as School of Economics and Business Administration in July, 2002, and finally got recomposed and adopted this name in April, 2007. The school now offers three bachelor programs that are economics, statistics, international economics and trade, and seven master degree programs including national economics, regional economics, finance, labor economics, and so on. The master cultivation program was established in 1984 which was the second wave of master education delegated by the Ministry of Education.
The School of Economics has a faculty of more than 30 with qualified teachers graduated from both domestic and international well-known universities including Peking University, RUC(Renmin University of China), MUC(Minzu University of China), SCU(Sichuan University), Daejin University(South Korea) and University of Bath. Among the faculties, about 20 are professors and associate professors and more than 80% are doctors or masters.
Economics, international economics and trade are the key programs in Yunnan which require talented students with high scores in the National Matriculation Entrance Test in accordance with the principle of “classified enrollment and comprehensive cultivation”, which is to enroll new students in the program of economics, give them basic courses in the first two academic years, leave them a second option of major-choosing at the first semester in the third year, and confer them a diploma of their second-choosing major and a bachelor’s degree in Economics when they get graduated.
Introduction to the main courses provided
I. Macroeconomics: Focusing on theories of national income determination, inflation and unemployment, economic growth and development, economic development cycle, financial and monetary policies.
II.Microeconomics: Focusing on the fundamental theories and methodology of microeconomics such as supply and demand theory, elastic theory, the theory of consumer’s behavior, producer theory, market structure, asymmetric information, game analysis, welfare economics, etc.
III. Political Economics: imparting the fundamental political and economic doctrines on Marxism including labor value theory, theory of surplus value, capital accumulation, social capital reproduction and circulation, economic crisis, public ownership and a variety of economy form of the means of production, socialist market economy, etc.
IV. International Economics: the fundamental specialized courses of the subject of international economy and trade; stating on basic international economics theories, basic analyzing methods and tools such as trade theories, trade policies, foreign exchanges, the macro-policy on open economy, and the circulation of production factors, outlining the convention of international practices on general rules.
V. Econometrics: emphasizing on the fundamental theories and methodologies of econometrics and its application in economic analysis including unite element, estimate methods of multiple linear regression equation, and typical macro econometrics models and applications.
VI. Introduction to World Economy: mainly presenting introductions about the current situation of the world economy, performing mechanisms and growing trend.
VII. International Trade: as a key course for International Trade majors, focusing on basic theories and policies of international trade such as international divisions of labor theories, international market, international trade policies, regional economic integration and the growing trend of modern international trade.
VIII. International Trade Practice: a course concerning international theoretical and applied businesses, international business contracts, international conventions and practices, the negotiation of contract and relative knowledge about its basic procedures, and various traditional and modern mode of trade. Basic theories, know-how, and performance skill should be systematically mastered through this course.
IX. International Settlement: a course combining both theories and application, putting stress on the later, bringing China’s banking service in line with the world banking but stressing more on English-centered international services in accordance with international conventions; systematically analyzing all kinds of commonly used bills and receipts in international settlement, while at the same time, it introduces some of the internationally universal payments in detail especially those used in Chinese foreign trade. The availability and efficiency of payment surveillance and contractual obligation fulfillment will be discussed.
X. Money and Banking: mainly focusing on currency and credibility, financial market and institutions, commercial bank and other financial institutions, the business and management of commercial banks, PBOC and its policies, the current supply and demand, monetary circulation and channels, main schools of currency theories, inflation theories, the balances among currency, financial and economic development.
XI. International Finances: introducing theories and policies on the international payment and its regulation, international reserve theories and management, the determinant and fluctuation of foreign exchange rate, foreign exchange business and the use of foreign currencies, the control on foreign exchange risks, the foreign exchange regulation, RMB exchange rate, clearing and settlement, international financial market, European monetary market, short-term credit of foreign trade, expert loans, international financial institutions and monetary system.
XII. Theory of Statistics: imparting on the basic concepts, theories and calculation of statistics such as the collection and organization of statistic data, description on data distribution features, elementary theories and methods of sampling, related analysis and linear regression, basic theories and methods of hypothesis test, time series analyses, statistical index.
XIII. Principle of Accountancy: mainly talking about a general introduction including the elementary premise and principles of accountant; accounting elements and subjects; double-entry accounting and account; accounting vouchers and books, accounting procedures; the accounting elements including the accounting and analyses of assets, liability, capital, income and expenditure, and profit; accounting statement including its meanings and types, establishment and analysis.
XIV. English Correspondence in International Trade: an applied English business course combined international trade with English, which systematically introduces elementary knowledge about the form of English correspondence in international trade including the format, commonly used nouns and writing skills of business correspondence and telex or fax. The contents of this course are in accordance with exporting trade procedure including the negotiation and deal in foreign trade (inquiry, offer, counter offer, acceptance ) and contracts making, foreign trade contract performance(package, transportation, payment, complaints and handling ); and tele-text writing on other trade methods. This course requires the teletext to meet “four Cs”, namely, to be complete, clear, concise, and courtesy.
XV. International Trade Negotiations and Protocol: mainly imparting the contents and performing methods in international business negotiations including the role of chief negotiation representatives, negotiation delegations, place choosing, schedule arrangement, accompanied interpretation, negotiation spirits, strategies, contract signing, achievement reporting, etc. so as to give students a better understanding of the international business negotiation.
XVI. International Investment: allowing students to master the related concepts, theories and contents of international capital flow and investment, to have a knowledge about issues such as direct investment and indirect investment, trans-national enterprises and international investment, the international investment legal system, international investment conditions and risks, international financing, to cultivate the capability of analyzing and solving international investment problems.
XVII. International Economic Cooperation: mainly studying inter-state economic cooperation in production. By learning the international economic cooperation theories and cooperation method, students are expected to know the background, innovation and basic contents of international economic cooperation, to get familiar with how and when the production elements flows internationally, to master various specific operational approach in international economic cooperation, to discuss about what strategies should be used in international economic cooperation.
XVIII. Introduction to World Economy: focusing on international economic relations, and their performance, influencing factors, cycles and mechanisms, and regional economy in worldwide scale.