Tsinghua UG English-Taught Courses Syllabi (Fall 2010)

Undergraduate English-taught Courses Syllabi
Fall Semester, 2010
Academic Affairs Office

Tsinghua SEM
May, 2010
率先获得AACSB和EQUIS两大全球管理教育顶级认证的中国内地商学院
The first school on the Chinese mainland to attain both AACSB and EQUIS accreditation
教学办公室
Undergraduate Program, Fall 2010

Catalogue
Accounting Principles .................................................................................................................................... 2
Accounting Principles .................................................................................................................................... 5
Auditing1 ....................................................................................................................................................... 8
Business Communication ............................................................................................................................ 11
Computer Networks ..................................................................................................................................... 14
Corporate Finance ........................................................................................................................................ 18
Data Structures and Algorithms ................................................................................................................... 21
Elementary Chinese 1 .................................................................................................................................. 24
Enterprise Resource Planning ...................................................................................................................... 28
Environmental and Resource Economics .................................................................................................... 31
Financial Institution ..................................................................................................................................... 34
Financial Statement Analysis ....................................................................................................................... 36
Financial Risk Management ........................................................................................................................ 39
Game Theory ............................................................................................................................................... 41
Insurance Economics ................................................................................................................................... 43
Intermediate Financial Accounting (2) ........................................................................................................ 46
Intermediate Microeconomics ..................................................................................................................... 49
International Economics .............................................................................................................................. 51
Introduction to Financial Engineering ......................................................................................................... 54
Investment.................................................................................................................................................... 57
Investment.................................................................................................................................................... 59
Labor Economics ......................................................................................................................................... 61
Management Systems Simulation ................................................................................................................ 63
Principles of Insurance: Life, Health and Annuities .................................................................................... 66
Public Finance ............................................................................................................................................. 68
Strategic Management ................................................................................................................................. 70
Theory of Industrial Organization................................................................................................................ 73
Topics on International Accounting ............................................................................................................. 76
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Course Syllabus
Course Number: 30510123

Course Name (CH): 会计学原理
Course Name (EN): Accounting Principles
Credits: 3
Prerequisites:
Teaching Language: □CH □CH+EN (EN ≥50%) □EN
Courseware Language: □CH □EN
Teaching Method: □lecture □discussion □case study □literature reading
□computer-aided assignment □students’ in-class presentation
Assessment Method: □in-class quiz □oral presentation □group discussion □case
analysis (report) □final report/thesis □final exam □practice project (report)
□others___________________________
Semester: □spring □autumn □summer
Course Category: □core course □elective course
Target Students: □Undergraduate □Master □PhD □MBA □EMBA □TIEMBA
Instructor: ZHANG, Haiyan

Office: Room 338, Weilun Building
E-mail: zhanghy@sem.tsinghua.edu.cn
Office Phone: 86-10-62792617 (62783540)
Office Hour: 8:00 am to 12:00 am, Thursday
or by appointment (Feel free to send e-mail or drop by).
Discussion Board: http://learning.sem.tsinghua.edu.cn
TA: LI, Yuling
E-mail: liyl2.07@sem.tsinghua.edu.cn
Course Description (course objectives and content):

Accounting is a dynamic subject which is evolving rapidly in recent times. It is also a
highly political process with a number of players or interest groups involved in the process of
setting the accounting standards. As the language of business accounting plays a very
important role in managing business organizations and in particular, large multinational
corporations. Any person who wants to work for a business organization (or own a business
as a proprietor, partner or shareholder) should have a thorough understanding of this
language of business. Knowledge of accounting would also help those who want to deal
with businesses (as suppliers, franchisees, etc.). Therefore, it is very important that you learn
accounting by getting a good understanding of its basic concepts, principles and underlying
logic as well as by actually doing problems. Do not learn accounting mechanically. Learn
accounting by doing it.
This course serves as a base on which you can develop your business and especially
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accounting knowledge. By the end of this course, you should be able to (1) Understand, and
can explain in own words, about the major principles governing financial accounting; (2)
Prepare financial accounting records and reports; and (3) Analyse and interpret financial
accounting information, and use accounting knowledge to explain and predict real world
economic phenomenon. To accomplish this global goal, lecturing is far from enough;
problem solving, in-class discussion, regular tests, and case solving are also important. In
addition, detailed cognitive learning objectives must be established before studying and will
be emphasized in each lecture.
Textbooks & References:

1. Textbook: Introduction to Financial Accounting 9e Charles T. Horngren Gary
L. Sundem John A. Elliott Donna R. Philbrick
财务会计东北财经大学出版社 “高等院校双语教学适用教材· 会计”(2005)
2. Supplementary materials: Lecture notes, solution manual and cases
3. Reference books
Clyde P. Stickney, Roman L. Weil: Financial Accounting: An Introduction to Concepts,
Methods and Uses, 10th edition
White, Sondhi, and Fried, The Analysis and Use of Financial Statements. 中信出版社
影印版，《财务报表分析与运用》
Grading (percentage of all the assessment methods involved):

No. Assessment method Percentage
1 Quiz 10
2 Group case report and presentation 15
3 Homework 5
4 Class participation 5
5 Final exam 65
Teaching Schedule (weeks, content, assignments. It can be in the tabular form.) :

Week Content Chapter Homework
Big picture_Balance sheet 1 1-3, 1-4, 1-6
1
Accounting: the Language of Business
Big picture_Income statement 2 2-3, 2-6, 2-10
2
Measuring Income to Access Performance
Basic tools_Double entry 3
3
Recording Transactions
Basic tools_Double entry 3 3-5, 3-8, 3-10,
4
Recording Transactions 3-11
Basic principle_Accrual Accounting 4
5
Accrual Accounting and Financial Statements
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Basic principle_Accrual Accounting 4 4-8, 4-13
6
Accrual Accounting and Financial Statements
Big picture_ 5 5-1, 5-2, 5-3,
7
Statement of Cash Flows 5-7, 5-10
Accounting for specific activities 6 6-1, 6-12, 6-13,
8
Accounting for Sales 6-15
Accounting for specific activities 7 7-5, 7-15, 7-17,
9 Inventories and Cost of Goods Sold 7-20
10 Holiday
Accounting for specific activities 8 8-11, 8-21,
11
Long-Lived Assets and Depreciation 8-23, 8-26
Accounting for specific activities 9 9-7, 9-8, 9-13
12
Liabilities and Interest
Accounting for specific activities 10 10-11, 10-13,
13
Stockholders’ Equity 10-16
Accounting for specific activities 11
14
Intercorporate Investments and Consolidations
Big picture_ 12
15
Financial statement analysis
16 Case presentation
Other requirements and information:

No further requirements.
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Course Syllabus

Course Name (CH): 会计学原理
Course Name (EN): Accounting Principles
Credits: 3
Prerequisites: No
□others___________________________
Instructor: Jian Xue

Office: 201A Weilun Building
E-mail: xuejian@sem.tsinghua.edu.cn
Office Phone: 62773116
Office Hour: to be announced
Discussion Board: SEM blackboard
TA: to be announced
E-mail: to be announced

Accounting is a dynamic subject which is evolving rapidly in recent times. It is also a
highly political process with a number of players or interest groups involved in the process
of setting the accounting standards. As the language of business, accounting plays a very
important role in managing business organizations and in particular, large multinational
corporations. Any person who wants to work for a business organization (or own a
business as a proprietor, partner or shareholder) should have a thorough understanding of
this language of business. Knowledge of accounting would also help those who want to
deal with businesses (as suppliers, franchisees, etc.). Therefore, it is very important that
you learn accounting by getting a good understanding of its basic concepts, principles and
underlying logic as well as by actually doing problems. Do not learn accounting
mechanically. Learn accounting by doing it.
This course serves as a base on which you can develop your business and especially
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accounting knowledge. By the end of this course, you should be able to (1) Understand,
and can explain in own words, about the major principles governing financial accounting;
(2) Prepare financial accounting records and reports; and (3) Analyze and interpret
financial accounting information, and use accounting knowledge to explain and predict
real world economic phenomenon. To accomplish this global goal, lecturing is far from
enough; problem solving, in-class discussion, regular tests, and case solving are also
important. In addition, detailed cognitive learning objectives must be established before
studying and will be emphasized in each lecture.

1. Libby, Libby, and Short. Financial Accounting, 6th edition, McGraw-Hill.
2. Handouts (available from the course website).

1 Quiz: 5 quizzes. 10
2 Homework (1 points for each chapter) 11
3 Class Participation (attendance, questions, 4
suggestions, etc.)
4 Group Research Project 10
5 Midterm Exam 25
6 Final Exam 40

Week Content Literature reading cases
Introduction to Chap.1 E2, E5, E7
1
Financial Statements
2 Balance Sheet Chap.2 E4, E11
3 Q1+ Income Statement Chap.3 E6, E8
4 Adjustment Process Chap.4 E6, E14
5 Adjustment Process Chap.4 E6, E14
Q2 + Sales Revenue, Chap.6 E9, E14
6
Receivables, and Cash
Cost of Goods Sold Chap.7 E2, P2
7
Midterm Examination Chap1~7

8
Long-term Assets Chap.8 E13, P3

9
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10 Holiday
Q3 + Liabilities, bond & Chap.9, Chap. 10, E9-4, E9-5
11 Financial Statement Analysis Chap.14
(group project)
12 Owners’ Equity Chap.11 E10, P8
13 Q4 + Accounting for Investment Chap.12 E3, E4
14 Statement of Cash Flow Chap.13 E7, E15
15 Group Project Presentation
16 Q5 + Final Review
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Course Syllabus

Course Name (CH): 审计学 1
Course Name (EN): Auditing1
Credits: 3
Prerequisites:
□others___________________________
Instructor: Dan Li
Office: 201G, Weilun Building
E-mail: lidan@sem.tsinghua.edu.cn
Office Phone: +86-10-62796620
Office Hour:
Discussion Board:
TA:
E-mail:

The course is designed to provide the student with insight about auditing: what it is, why it’s
important, what it entails, and why users of financial statements should care about it. Its is an
introduction to the audit function, audit standards, objectives and procedures, ethical and
legal environment, materiality and audit risk, sampling, and reporting.

1. Auditing Cases: An Interactive Learning Approach. 4th edition by Mark Beasley, Frank
Buckless, Steven Glover, and Douglas Prawitt. (published by Pearson Education).
2. Auditing & Assurance Services: A Systematic Approach, 4th edition by W.F. Messier, S.M.
Glover, and D.F. Prawitt (published by McGraw-Hill Irwin).
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Participation 5%
Assignment 15 %
Presentation 10%
Term Paper 10%
Midterm Exam 25%
Final Exam 35%
Total 100%
Teaching Schedule (weeks, content, assignments. It can be in the tabular form.)

Class Schedules
Class Date Course Materials Case Assignment
An Introduction to Assurance and Financial Statement Auditing
1 Chapter 1 and 2 Case 4.1 Enron Corporation and (1) Case 4.1: 1,2,3,
Andersen, LLP 5
Reports on Audited Financial Statements

2 18 Case 12.4 Surfer Dude Duds (1) 2-29, 2-32a,
18-32
3 Oct 5 Holiday (No Class)
Risk Assessment and Materiality
4 Chapter 3  Group 1 – Case 2.2 Dell ASSIGNMENT
Computer Corporation (1) DUE
 Group 2 – Case 7.1 Anne Aylor (2) 3-23, 3-28
(answer part [1] questions only) (2) Case 7.1 Anne
Aylor part [2]
Audit Evidence and Audit Documentation
5 Chapter 4  Group 3 – 11.1 The Runners (2) from 4-12 to
Shop 4-21, 4-26
Audit Planning and Types of Audit Tests
6 Chapter 5  Group 4 – 1.1 Ocean (2) 5-36, 5-37
Manufacturing
 Case 8.2 Northwest Bank
(Class exercises)
Internal Control in a Financial Statement Audit
7 Chapter 6  Group 5 –5.1 Simply Steam ASSIGNMENT
(2) DUE
Auditing Internal Control over Financial Reporting
8 Chapter 7  Guest Speaker * (3) Case 5.7 answer
 Work on your paper AND questions [1]-[6]
prepare your forthcoming exam
9 Midterm Exam
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Audit Sampling: An Overview and Application to Tests of Controls
10 Chapter 8 (3) 8-23, 8-25
Statistical
Sampling
Audit Sampling: An Application to Substantive Tests of Account Balances
11 Chapter 9 Classical  Group 6 – Case 3.1 A Day in (3) 8-30, 9-23
Variables Sampling the Life of Brent Dorsey
and MUS
12 Chapter 9 Classical  Group 7 – Case 3.3 The ASSIGNMENT
Variables Sampling Anonymous Caller (3) DUE
and MUS  Group 8 – Case 12.2 Auto
(continued) Parts.
Auditing Business Cycles
13 Chapter 10-14  Group 9 – Case 9.4 Bud’s Big (4) Group work:
Blue Manufacturing 10-36, 12-29
14 Chapter 19  Group 10 – Case 9.3 Longeta (4) Group work:

Corporation 15-26, 16-28 Intel
 Group 12 –Case 3.4 WorldCom or Microsoft
Auditor Independence and Auditor Legal Liability
15 Guest Speaker *  Group 11 – Case 4.5 Xerox ASSIGNMENT
Corporation (4) DUE
16 Chapter 17&20  Group 13 – Case 12.1 EyeMax Paper DUE
Corporation
 Group 14 – KPMG (A) A Near-
Death Experience
17 TBA Final Exam
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Course Syllabus

Course Name (CH): 商务沟通
Course Name (EN): Business Communication
Credits: 2
Prerequisites: None
□others___________________________
Instructor: Nancy Han

Office: no
E-mail: hanyangtw@yahoo.com
Office Phone: no
Office Hour: no
Discussion Board:
TA:
E-mail:

Business Communication （taught in English） is a course training students to be able to
deliver a presentation and submit a written proposal efficiently as well as effectively in a
business context. The training is very important for students who aim to succeed in the
business world. Followings are the course outline that helps students interested in this course
to have a specific idea about the course requirement so to complete this course successfully.
The course is delivered in English with many training activities which eventually get students
to be an efficient business presenter in English. It helps the learner aware of the
communication goals and therefore able to apply the principles to create an efficient and
effective business presentation. It also helps the learner apply the communication principles
to written formats since the written proposals are evaluated as part of the final performance.
It requires the learner to be a team member to make the presentation successful, for being
able to work with a team is an important element for a manager’s future leadership. Finally,
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being able to listen to peer’s presentations and providing feedback are important tasks in the
course as well.

1. Andrea B. Geffner, Business English: a complete guide to developing an effective
business English writing style, 4th edition, Barron’s Educational Series, Inc. 2004, ISBN
0-7641-2444-7
2. Kitty O. Locker, Business and Administrative communication, 7th edition, McGraw-Hill
International Edition, 2006, ISBN 0-07-111613-3

Item Assessment method Percentage
Class performance Presentation & Discussion 20%
Presentation 20%
Mid-term  Delivery 15%
 power point 5%
Final Presentation 40% 60%

 delivery 25%
 power point 15%
Written report 20%

Week Topic Assignment Reading
1 Course Introduction 1-minute speech on Locker’s
 What is business communication? self-introduction - chapter 7
 Course requirement and grouping
2 Eye-contact 5-minute group Locker’s
presentation - chapter 8
on assigned topic
3 Informative format 5-minute group Locker’s
on assigned topic
4 Visual design 5-minute group Locker’s
on assigned topic
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5 Voice & Gesture 5-minute group Locker’s
on assigned topic
6 Individual group meeting Ppt design on
mid-term project
7 Individual group meeting Revision of
mid-term project
8 Mid-term presentation 1-minute individual
graph presentation
9 Use of Graphs 5-minute group Locker’s
on assigned topic
10 Persuasive format 5-minute group Locker’s
on assigned topic
11 Written report of a business plan 5-minute group Locker’s
on chosen business
12 Using evidence in the business plan Revised group Geffner’s
on chosen business
13 Individual group meeting 1st revision of the
final project
14 Individual group meeting 2nd revision of the
final project
15 Rehearsal of the final presentation Final revision of
the final project
16 Final presentation Due of final written
report

 There will be video taping for each speech and presentation made.
 Each student needs to fill up observation sheet while watching his/her video.
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Course Syllabus
Course Number：30510873
Course Name (CH)：计算机网络
Course Name (EN): Computer Networks
Credits：3
Prerequisites：Programming Language
Teaching Language：□CH □CH+EN (EN ≥50%) □EN
Courseware Language：□CH □EN
□others___________________________
Semester：□spring □autumn □summer
Course Category：□core course □elective course
Target Students：□Undergraduate □Master □PhD □MBA □EMBA □TIEMBA
Instructor：Xunhua GUO
Office：451, Weilun Building
E-mail：guoxh@sem.tsinghua.edu.cn
Office Phone：8610-62792738
Office Hour：10:00-12:00am, every Thursday
Discussion Board：http://learning.sem.tsinghua.edu.cn
Course Description
This course provides a comprehensive introduction to the concepts and principles about data
communication and computer networking, including related architectures, protocols,
technologies, hardware, software, and applications. Emphasis is put upon the requirement
analysis and design of networking applications in organizations, while topics such as
management of communications networks, cost-benefit analysis, and evaluation of
connectivity options are covered, so as to help students learn to evaluate, select, and
implement different communication options within an organization.
Textbooks & References

[Textbook] Peterson, L.L., and Davie, B.S. Computer Networks: A Systems Approach, (4 ed.)
China Machine Press, Beijing, 2007. (original version: Elsevier (Singapore) Pte Ltd., 2007).
[Reference] Kurose, J.F., and Ross, K.W. Computer Networking: A Top-Down Approach
Featuring the Internet, (3 ed.) Higher Education Press, Beijing, 2005. (original version:
Pearson Education, 2003).
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Grading
Assignments: 20%
Course project: 20%
Participation: 10%
Final exam: 50%
Course Outline
1. Introduction
 Computer networks and applications
 Connectivity
 Resource sharing
 Architecture overview
 Common services support
Textbook: Sections 1.1-1.2.
2. Network architecture
 Layering and protocols
 OSI architecture
 Internet architecture
 Implementing network software
 Performance
3. Physical connection
 Hardware building blocks
 Encoding
 Framing
 Error Detection
 Reliable Transmission
Textbook: Sections 2.1-2.5
4. Direct link networks
 Ethernet (802.3)
 Token rings (802.5, FDDI)
 Wireless (802.11, WiFi)
 Network adapters
5. Packet switching
 Switching and forwarding
 Bridges and LAN switches
 Cell switching (ATM)
 Implementation and performance
Textbook: Chapter 3.
6. Internetworking
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 Simple internetworking (IP)
 Address translation (ARP)
 Host configuration (DHCP)
 Error reporting (ICMP)
 Virtual networks and tunnels
Textbook: Section 4.1.
7. Routing and the global Internet
 Network as a graph
 Distance vector (RIP) and Link state (OSPF)
 Metrics
 Routing for mobile hosts
 Global Internet
8. End-to-End protocols
 Simple demultiplexer (UDP)
 Reliable byte stream (TCP)
 TCP extensions
Textbook: Section 5.1-5.2.
9. Remote procedure call (RPC) (optional)
 RPC fundamentals
 RPC implementations
10. Real time applications (RTP) (optional)
 Real time requirements
 RTP details
 Control protocol
11. End-to-end data
 Presentation formatting
 XML
 Data compression
12. Traditional applications
 Name service (DNS)
 Electronic mail (SMTP, MIME, IMAP, POP)
 World Wide Web (HTTP)
 File transferring (FTP)
 Network management (SNMP)
13. Other applications (optional)
 Web services, web-based computing, and cloud computing
 Multimedia applications
 Overlay networks
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14. Net security (optional)
 Cryptographic algorithms
 Security mechanisms
 Example systems
 Firewalls
15. Conclusions
 Course review
 Course project review
Open issues
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Course Syllabus

Course Name (CH): 公司财务
Course Name (EN): Corporate Finance
Credits: 3
Prerequisites:
 For the students in SEM: Principle of Finance course is required
 For exchange students: some preliminary finance course is needed
□others___________________________
Instructor: Professor Taotao Chen

Office: Shunde 128, CCWE
E-mail: chentt@sem.tsinghua.edu.cn
Office Phone: (8610)62789860
Office Hour: (TBD)
Discussion Board: (TBD)
TA: (TBD)
E-mail: (TBD)

Corporate Finance II course covers the content of both basic theory of coprate finance and the
knowledge and skills of financial decision making analysis. In terms of theory, it mainly includes time
value, valuation, risk and return and capital structure; and in terms of knowledge and skill of financial
decision making analysis, it includes the financial statement analysis, capital budgeting, financing
alternative approaches and their advantages and disadvantages etc. In order to put context between theory
and the practical situation in China, the review and discussion of the financial situation in China is
arranged associated with the relevant topics of each class.
The teaching methodology of the course is case study combined with lecturing. After taking this
course, the students should: 1) learn the basic principle of Corporate Finance, 2) build the basic skill of
financial analysis and decision-making, and 3)understand more about relevant situation in China.
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1. Textbook: “Principles of Corporate Finance”, 8th Edition, Richard A. Brealey, Stewart C.
Myers, China Machine Press
2. Cases: IVEY school cases & HBS cases (to be printed)

1 General tests and mid-term exam, 1/3
2 Class participantion and case report 1/3
3 China topic assignment and final report 1/3

1. Contents: The course covers main principles and analyzing skills of corporate finance, including
(1) Financial statements analysis,
(2) Valuation and cost of capital,
(3) Capital budgeting,
(4) Working capital management
(5) Financing decision
(6) Dividend policy.
(7) Merger and Acquisition, etc
2. Assignments:
(1)The assignment for case analysis.
(2)The assignment for reviewing Chinese financial issues and problems
Course Schedule
Clas Cases &
Contents Readings
s China topic Discussion
Course Introduction Myers: Chap 1
1 Lecture:: Financial statement Myers: Chap 29,30.
analysis and forecasting
Lecture: Financial statement Myers: Chap 29,30.
2
analysis and forecasting
Myers: Chap 29, 30. Case study: Fisher
3
electricity
Lecture (knowledge review): Myers: Chap 7,8,9 China topic presentation I
4 Time Risk & return; Cost of
capital
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Myers: Chap 7,8,9 Case study: BC Electricity
5
6 Lecture: Capital Budgeting Myers: Chap 10,11,12 China topic presentation II
Myers: Chap 10,11,12 Case study: Laurentian

7 Bakery
Mid-term examination
8 Lecture:
Myers: Chap 30,31,32
Working capital Management
Lecture: Financial Market and Myers: Chap 14,17, 18

9 Long Term Financing
Myers: Chap 14,17, 18 Case study: ROCKY

10
Mountain High
11 Lecture: Dividend Policy Myers: Chap 16,17,18 China topic presentation III
Myers: Chap 16,17,18 Case study: Dividend Policy

at FPL Group
12
Guest Speaker: (TBD) Myers: Chap 19, China topic presentation IV

13 Myers: Chap 33,34
Or Lecture:
Business Valuation and M&A
Myers: Chap 33,34 Case Study: Lawson & Jones
14
company
Q & A by groups: preparing final
15
report
16 Final Presentation
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Course Syllabus

Course Name (CH): 数据结构
Course Name (EN): Data Structures and Algorithms
Credits: 3
Prerequisites: C/C++/Java Programming
Courseware Language: □CH □ EN
Teaching Method: □ lecture □discussion □case study □literature reading □
computer-aided assignment □students’ in-class presentation
analysis (report) □final report/thesis □ final exam □ practice project (report)
□others___________________________
Semester: □spring □ autumn □summer
Course Category: □ core course □elective course
Target Students: □ Undergraduate □Master □PhD □MBA □EMBA □TIEMBA
Instructor: WEI Qiang

E-mail: weiq@sem.tsinghua.edu.cn
Office Phone: 86-10-62789824
Office Hour: 15:00 ~ 17:00, Friday
Discussion Board: http://learning.sem.tsinghua.edu.cn/
TA: to be decided
E-mail: to be decided

Now we are in an Information era, which roots on a basic fact that, Information
Technology (IT) has deeply and widely reshape almost every areas, e.g., production,
operation, business, society and personal life. One important characteristic of information era
is storing, representing and processing of large-scaled structural data. How to represent and
process large-scaled data is the key factor not only for information systems construction, but
also for organizations to gain competitive advantages. This course will focus on constructing
effective data models using standard data structures as well as efficient processing, which
will cultivate the students with the abilities of efficient data modeling and data processing.
The course contents include:
a) Introduction to Data Structures and Analysis;
b) Analysis on Computational Complexity;
c) List, Stack and Queue;
d) Binary Trees;
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e) Graphs and Network;
f) Search;
g) Sorting;
h) New tech.
By the end of the course, the students should:
1. Master the major data structures and efficient processing based on C programming;
2. Master the preliminary abilities to model and analyze some real-world applications.
3. Cultivate the ability for further information analysis, design and implementation.
To accomplish this global goal, lecturing is far from enough; case programming and
analysis, assignment and Q&A are also important.

1. Data Structures and Algorithm Analysis in C, Mark Allen Weiss, 2nd edition, Aug., 2995,
Post & Telecom Press.

1 Assignments 40%
2 Attendance 10%
3 Final Exam 50%

1 Introduction Chapter 1
2 National holiday
3 Pointer and Structure Readings Assignment 1
4 Algorithm Analysis Chapter 2 Assignment 2
5 Lists, Stacks and Queues (1) Chapter 3
6 Lists, Stacks and Queues (2) Chapter 3 Assignment 3
7 Trees (1) Chapter 4
8 Trees (2) Chapter 4 Assignment 4
9 Sorting (1) Chapter 6
10 Sorting (2) Chapter 6 Assignment 5
11 Hashing Chapter 7 Assignment 6
12 Graph Algorithms (1) Chapter 9
13 Graph Algorithms (2) Chapter 9 Assignment 7
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14 Google and PageRank Course Readings

15 Social Network Analysis Course Readings
16 Wrap-up

N/A
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Course Syllabus

Course Name (CH): 基础汉语（1）
Course Name (EN): Elementary Chinese 1
Credits: 2
Prerequisites: beginners or HSK1-3
□others___________________________
Instructor:YueYan
Office:
E-mail: yuey03@gmail.com
Office Hour:
Discussion Board:
TA:
E-mail:

Our course targets Chinese language beginners who have little basic knowledge of
Chinese language. In order to help students build a good foundation of Chinese language and
help in communicating in China, our course is very practical. It contains following parts:
1) Study Pinyin part and help student have a good pronunciation
2) Consists of several practical units, help students grasp useful words and sentences in
common situations, for example: greeting, transportation, ordering tickets, schedule
arrangement, go shopping, ordering food, asking the way and so on.
3) Be familiar with the basic rules of Chinese language grammar and can use them
correctly
4) Know the basic knowledge of Chinese characters, including radicals, basic strokes, the
order of writing characters and so on.
5) Focus on listening and speaking skills, help students be familiar with daily conversation
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and they can express their thoughts and feelings in Chinese.
6) Our course emphasizes on practice. Besides teaching, we require students practice alone
or in group. We try to make students grasp and memorize the main points of each lesson
in class. We hope students can find their fast progress in a short time.

Course book: Slides made by the teacher
Reference: <Experiencing Chinese studying in China> Higher Education Press

1 Attendance 15%
2 class performance 15%
3 Mid-term exam 30%
4 Final exam 40%

Pinyin 1. study initials, finals and b. p. m. f
1 spelling rules ao. Ie. Ui. Iu
2. basic and useful words
Chinese characters 1. study some basic 人、水、山、
knowledge of Chinese 车、
characters 基本笔画：横、
2 2. study basic strokes, 竖、撇、点、
radicals and writing 捺、折
rules of writing a
character
Greeting 1 1. how to greet on the first 你好，你好
meet 吗？
3 2. greeting between old 好久不见
friends 来了？
3. Chinese greetings
Greeting 2 1. Invite sb. to do sth. 我们现在一起
2. self introduction 去吃饭怎么
4 样？
你好，我叫..，
我是..国人…
Go Shopping 1. how to bargain 太贵了，便宜
5
2. ask for price, color, size 一点儿吧。
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and so on 多少钱？
3. how to change goods 我可以换一件
大号的吗？
Exchanging money 1. how to exchange 换钱、汇率、
money 中国银行、存
6
2. how to save money in 钱
a bank
Asking for help 1. ask sb. to take a photo 拍照片、开门、
for you 修、丢、淋浴、
2. ask attendant to help 钥匙
you open your door,
7
repair equipments in
your room
3. if you lost sth, how to
ask for help
8 Mid-term exam
Dining1 1. how to order food in a 点菜、菜单、
restaurant 好吃、订餐、
2. how to order food via 主食、凉菜、
9
telephone 汉堡
3. how to order food in
KFC or MacDonald’s
Dining2 1. how to solve all kinds 杯子脏、急事、
of troubles in a 少一双筷子、
10 restaurant 定饭店
2. how to book a
restaurant
Ask the way 1. how to ask the way 怎么去….
11 2. give directions for taxi 直走、左拐、
driver 右拐、发票
Booking 1. how to book a hotel 定宾馆、单人
2. how to book airfare or 间、双人间、
12
train tickets 飞机票、经济
舱
Arrange the time 1. how to arrange the time 安排、约会、
2. how to arrange a date 取消
13
3. how to cancel an
appointment
Being sick 1. how to express your 病、头疼、肚
illness symptoms 子疼、开药、
14 2. how to ask for a leave 请假、看医生
3. how to see the dentist
or other doctors
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15 Review week
16 Final exam

The teacher has authority to adjust study schedule with an intention of better study.
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Course Syllabus

Course Name (CH): 企业资源规划
Course Name (EN): Enterprise Resource Planning
Credits: 2
Prerequisites:
□others___________________________
Instructor: Zhu Tao（朱涛）

Office: Room 431, Weilun Building, School of Economics & Management
E-mail: zhut@sem.tsinghua.edu.cn
Office Hour:
Discussion Board:
TA:
E-mail:

Enterprise Resource Planning (ERP) systems have been ubiquitous in western
companies, now ERP also becomes more and more widely adopted by Chinese companies.
ERP, when successfully implemented, links companies’ financial, manufacturing, inventory,
sales, and human resources into an integrated single system with shared information across
the business. Potential benefits can include breakthrough reductions in costs and affluent,
accurate and timely information about operation, customer and financial status to improve
management in business. Actually, ERP has become the computing platform for the whole
company, with which other types of information systems (electronic commerce systems, e.g.)
need to link. On the other hand, ERP systems are expensive, complex, and difficult to
implement. The rapid growth of ERP markets in China and the hard work of ERP application
in organizations create a huge demand for people who have adequate ERP-related
capabilities. For the students caring about how to apply modern information systems (IS) to
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generate more business value, they need to learn about the hands-on experience of typical
ERP software system and some managerial skills to deal with ERP applications.
This course consists of three parts. The first part introduces the background to
understand ERP, including basic concepts in business, business processes, and how
information systems support business processes. The second part introduces the typical ERP
software – SAP Business One. SAP is the world’s largest ERP software vendor. The students
learn to operate SAP Business One to support core business processes in companies,
including procurement, sales, inventory, accounting, and production process. The third part
introduces some managerial issues of ERP application in business organizations, including
planning, design, and implementation of ERP, assessing ERP benefits, and discussing some
trends in ERP.
From this course, students can learn:
1. An overall understanding of the core business processes in companies and how ERP
systems can integrate such core business processes to deliver business value and
create competitive advantages.
2. Hands-on experience of operating typical ERP software.
3. The managerial skills to deal with ERP applications from business perspective.

No specified textbook is required.
Relevant reading articles and cases are handed out at class.

1. 15% For contribution to class learning
2. 45% For 3 reports
3. 40% For a one-hour close-book quiz

The total course consists of 3 parts.
Part 1: Basic concepts to understand ERP
1. Introduction to ERP
2. Business process
3. Process diagramming and process analysis
Readings and case discussions are needed. One report assignment is arranged.
Part 2: ERP software system – SAP Business One
1. Introduction to SAP Business One
2. Procurement process
3. Sales process
4. Cross functionalities
5. Inventory process
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6. Accounting process I
7. Accounting process II
8. Production process
ERP experiments are needed. The one-hour close-book quiz is arranged.
Part 3: Managerial issues of ERP application in business organizations
9. Planning, design, and implementation of enterprise resource planning systems
10. Assessing ERP benefits
11. Trends in ERP
Readings and case discussions are needed. Two report assignments are arranged.

As to the part 1 and part 3 of this course, the class content is heavily loaded with
readings and case discussions. The students are supposed to actively contribute to class
learning during case discussions.
The part 2 of this course mostly consists of ERP software experiments. The students are
supposed to take the initiative in operating the ERP software to gain hands-on experience.
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Course Syllabus

Course Name (CH): 环境与资源经济学（英）
Course Name (EN): Environmental and Resource Economics
Credits: 3
Prerequisites: Microeconomics, Econometrics
Teaching Language: □CH □CH+EN (EN ≥50%) □ EN
Teaching Method: □ lecture □ discussion □case study □literature reading
□computer-aided assignment □ students’ in-class presentation
analysis (report) □final report/thesis □ final exam □practice project (report)
□others__Midterm exam_________________________
Course Category: □core course □ elective course
Instructor: CAO Jing

Office: Shunde 128, SEM, Tsinghua University
E-mail: caojing@sem.tsinghua.edu.cn
Office Phone: 010-62789700
Office Hour: TBD
Discussion Board: learning.sem.tsinghua.edu.cn
TA: TBD
E-mail: TBD

This course is an introduction of Environmental and Natural Resource Economics. The
objective of this course is for students to learn how basic economic theory can be used to
understand and analyze environmental pollution and resource degradation problems. The
course covers both conceptual and methodological topics and recent applications. Examples
of local, regional, national and international environmental and natural resource issues are
presented and discussed.
The first part of this course is an introduction to the basic principles of environmental and
resource economics; cost and benefit analysis. In the second part the focus is on
environmental economics and policy, including economics of pollution control, valuing the
environment, regional and global air pollution, water pollution and so forth. The third part is
focused on natural resource economics, both renewable and non-renewable resources. The
last part is on sustainable development and macroeconomic aspect of environmental policy,
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and Green Accounting.

Textbook
Tietenberg, Tom. Environmental and Natural Resource Economics, Seventh Edition. Boston:
Pearson Education, Inc., 2006.
Supplementary books
Hartwick, John and Nancy Olewiler. The Economics of Natural Resource Use. Second
edition. Addison Wesley Longman, 1998.
Stavins, Robert N., ed. Economics of the Environment: Selected Readings, Fifth Edition. New
York, New York: W.W. Norton & Company, 2005

1 Homework 20%
2 In-Class Oral Presentation 20%
3 Midterm Exam 20%
4 Final Exam 40%

Introduction; Tietenberg
Basic Pessimist Model vs. Basic Textbook, chap 1,2
Optimist Model; Stavins - Column
1
Basic Tools and Economic 1-3
Principles for Environmental
and Resource Economics
Property Rights, Externalities, Tietenberg
2 and Environmental Problems, Textbook, chap 2, 4
Public Goods, Coase Theorem
3 Cost-Benefit Analysis Handouts
Cost-Benefit Analysis, Cost Handouts
4
Estimation
Benefit Estimation I Textbook: pp.
33-48 (benefits),
Whitehead (2000),
5
Carson(2000),
Freeman III (1999)
6 Benefit Estimation II Guo, Gaab,
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Hammit working
paper; Cropper
(2008); Krupnick
(2008)
Economic Instruments for Tietenberg
Pollution Control (cont’), Textbook, chap 15,
7
Stationary-Source Local Air 17, 21; Weitzman
Pollution (1994)
Regional Pollution: Acid Rain Tietenberg
8 Montreal Protocol and Ozone Textbook, chap 17;
Depletion
9 Midterm Exam
Climate Change Stern Review, Emission
10 Stern Review and Critiques Garnaut Review, Trading Game
IPCC AR4
Optimal Extraction & Use of Tietenberg
11 Non-renewable Resources I Textbook, chap
14,18
Optimal Extraction & Use of Tietenberg
12 Non-renewable Resources II Textbook, chap
14,18
Depletable, Non-recyclable Handouts
Energy Resources, Energy
13
Economics, Price Control and
Impacts, OPEC
Fishery Economics Tietenberg Fishing Game
14
Textbook, chap 13
Sustainability, Economic Handouts
15 Growth and the Environment,
Green Accounting
16 Final Exam

None
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Course Syllabus

Course Name (CH): 金融机构
Course Name (EN): Financial Institution
Credits: 2
Prerequisites: Principle of Economics
□others__Home Exercises
Instructor: HE Ping
Office: Weilun 308
E-mail: heping@sem.tsinghua.edu.cn
Office Hour: Wednesdays
Discussion Board: http://learning.sem.tsinghua.edu.cn/webapps/login/
Course Description
The ever-evolving financial institutions are the major vehicles through which the financial
activities take place. We need to fully utilize the financial system for efficient resource
allocation, and on the other hand, we need to avoid the negative impact of the fluctuations of
the financial market. This course focuses on the organizational structure of the financial
system, and discusses the theoretic foundation of major financial institutions and financial
regulations in addition to related practical issues. The development of Chinese financial
system will also be discussed.
Textbooks & References

Financial Markets and Institutions, Fourth Edition, by Anthony Saunders and Marcia Millon
Cornett
Financial Markets and Institutions, CAO Fengqi and JIA Chunxin
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Grading
1 Home works 40%
2 Final Exam 50%
3 Class participation 10%
Teaching Schedule
1 Introduction
2 Depository Institutions (I)
3 Depository Institutions (II)
4 Depository Institutions (III)
Investment Banks: Primary
5 Market and Securities
Underwriting
Investment Banks: Secondary
6
Market and Dealer Market
Bond Market and Rating
7
Companies
Insurance Companies,
8 Investment Funds and Pension
Funds (I)
Insurance Companies,
9 Investment Funds and Pension
Funds (II)
Securitization and Special
10
Purpose Vehicles
Central Bank and Monetary
11
Policy

None
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Course Syllabus

Course Name (CH): 财务报表分析
Course Name (EN): Financial Statement Analysis
Credits: 3
Prerequisites:
□others___________________________
Instructor: LI Dan
Office: 201G Weilun Building
E-mail: lidan@sem.tsinghua.edu
Office Phone: 86-10-62796620
Office Hour:
Discussion Board:
TA:
E-mail:

The objectives of this course are to gain a more thorough understanding of financial accounting techniques
and to explore the accounting theory underlying such techniques. Assets, revenue recognition, and income
items, investments in other companies and stockholders’ equity will be covered in this course. Students
will also learn how to apply the skills of financial analysis to realistic situations, such as, valuations
decisions or forecasting.

 Financial Statement Analysis by K.R.Subramanyam and John.J.Wild. 10th edition, 2009,
McGraw-Hill.
 Cases in Financial Reporting by Ellen Engel, D.Eric Hirst, and Mary Lea McAnally. 6
th
edition, Cambridge Business Publishers.
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Grading (percentage of all the assessment methods involved) (subject to revision):

Class Participation 10%
Individual Assignments 30%
Group Assignments 30%
Final Project 30%
Total 100%

Class Schedules (subject to revision)
WEEK1:
Session 1A Overview of Financial Statement Analysis (Reading: Chapter 1)
In-class case study: General Mills, Inc. – Understanding Financial Statements
Session 1b Financial Reporting and Analysis (Reading: Chapter 2)
In-class case study: Google Inc. – Earnings Announcements and Information Environment
Individual Homework (1): Problem 1-9, Problem 1-12, Problem 2-17
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
WEEK 2:
Session 2A Analyzing Operating Activities (Reading: Chapter 6)
Session 2b Analyzing Operating Activities (Reading: Chapter 6)
In-class case study: Bausch & Lomb, Inc. (A)
Individual Homework (1) DUE!
Individual Homework (2): Problem 6-8 (show the calculating process), Case 6-3 Toys “R” Us
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
WEEK3 (Holiday)
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
WEEK4
Session 4A Analyzing Financing Activities (Reading: Chapter 3)
In-class case study: Continental Airlines, Inc. – Leases
Session 4B Analyzing Investing Activities (Reading: Chapter 4)
In-class case study: Alcatel – Accounts Receivable
Individual Homework (2) DUE!
Group Homework (3): Problem 3-2 Capital Lease for Financing Statements
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
WEEK 5
Session 5AAnalyzing Investing Activities (Reading: Chapter 5)
In-class case study: Land Securities Group: Choosing cost or fair value on adoption of IFRS
Abbott Laboratories – Equity Method Investments
Group Homework (3): Case-Borland Software Corporation (Goodwill and Other Intangible
Assets)
Session 5B Guest Speaker Lecture
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
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WEEK6
Session 6A Cash Flow Analysis (Reading: Chapter 7)
In-class case study: Problem 7-11 Preparing and interpreting statements of cash flows
Case 7-1 Case Flow and Free Cash Flow Analysis
Case 7-2 Analysis of Cash Flows for a Dot.Com
Group Homework (3) DUE!
Session 6B Return on Invested Capital and Profitability (Reading: Chapter 8)
In-class case study: Exercise 8-8 Predicting the Components of Return on Assets
Case 8-2 Analyzing Return on Invested Capital
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
WEEK 7
Session 7AProspective Analysis (Reading: Chapter 9)
In-class exercise: Problem 9-1 Preparing Pro Forma Financial Statements
Problem 9-4 Using Prospective Analysis to Value Securities
Group Homework (4): Problem 9-2;
Session 7BCredit Analysis (Reading: Chapter 10)
In-class case study: Problem 10-15 Analysis of Creditworthiness with Merger Activity
Case 10-3 Making a Lending Decision
Group Homework (4): Case 10-4
WEEK 8
Session 8AEquity Analysis and Valuation (Reading: Chapter 11)
In-class case study: Case 11-3 Accounting-Based Equity Valuations
Case Weis Markets, Inc. – Measurement Concepts & Valuation
Group Homework (4) DUE!
Session 8B Group Project Presentations
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Course Syllabus

Course Name (CH): 金融风险管理
Course Name (EN): Financial Risk Management
Credits: 2
Prerequisites:
□others___________________________
Instructor: Jinliang Li
Office: 330 Weilun Building
E-mail: lijinliang@sem.tsinghua.edu.cn
Office Hour:
Discussion Board:
TA:
E-mail:

Risk management is of strategic importance to corporations. In this course, students will
learn various risk factors that corporations encounter, and discuss relevant risk management
strategies. Students will also learn to use corporate-value-at-risk as a risk management tool.
Risk factors including weather, market, interest rate, currency, credit, and operational risks
will be covered. This course also covers a wide range of sophisticated and heavily
quantitative topics in financial derivatives. It explores the concepts of options, financial
futures, and other derivatives as developed to help corporations and financial institutions
manage risk.

Risk Management and Financial Institutions, John Hull, Prentice Hall
Course Case Pack
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1 Exam 30%
2 Case Studies 30%
3 Final Paper 25%
4 Homework & Participation 15%
Tentative
Week 1 Brief introduction to the course
Video 1. Futures Trading: Open Outcry
Week 2 Why study risk management
Chapter 1.1 3 6 11 16 18 20
Video 2.
Week 3 Derivatives Hedging Strategies
Chapter 2. 1 4 9 10 18 19 20 27 28 29
Video 3. Case 1
Week 4 Interest rate risk
Chapter 4.1 2 3 5 6 7 10 11 18 19 21
Video 4. Case 2
Week 5 Value-at-Risk
Chapter 8.2 3 4 5 7 9 14 15 17
Video 5. Case 3.
Week 6 Weather derivatives
Chapter 17.4 7 8 11 12 13
Video 6. Case 4.
Week 7 Exam
Week 8 Operational risk
Chapter 14.1 2 3 4 7 8 12 13
Video 7. Case 5
Week 9 Enterprise Risk Management
Video 8. Case 6
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Course Syllabus

Course Name (CH): 博弈论
Course Name (EN): Game Theory
Credits: 3
Prerequisites:
Teaching Language: □CH □CH+EN (EN ≥50%) □ EN
□others___________________________
Instructor: Hong Ma
Office: Weilun 536
E-mail: mahong@sem.tsinghua.edu.cn
Office Hour: To be announced
Discussion Board: learning.sem.tsinghua.edu.cn
TA: To be announced
E-mail:

Game theory is the foundation of almost all modern economic theory. It is one of the most
interesting courses in undergraduate economics. Emerged originally as a field of mathematics,
it has been successfully applied to all fields of economics. Furthermore, game theory also
plays an increasing role in other social sciences such as philosophy, law and politics, and in
natural science such as evolutionary biology and computer science, etc.
This course is an introduction to game theory, which puts emphasis in introducing basic
game-theoretic analysis, including the conception, analytic techniques and applications for
each type of games.
We will discuss static games with perfect information, static games with imperfect
information, and dynamic games with or without perfect information.
Most class sessions will be delivered in English and will consist of both “hands-on”
experiences in structured strategic situations as well as lectures about the theory
underlying these situations. Student participation is strongly encouraged.
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Required Text:
Martin Osborne. An Introduction to Game Theory. Oxford University Press, 2004
Supplemental Text:
Robert Gibbons, Game Theory for Applied Economists, Princeton Univ. Press
Dixit and Seath, Games of Strategy, 2nd editon, Norton.

1 Homework Assignments and class participation 15%
2 Midterm Examination 35%
3 Final Examination 50%

Week Content Literature reading homework
1 Introduction, Static games Osborne Chapter 1
Nash equilibrium, definition and Osborne Chapter 2-3 HW 1 due
2
application
Nash equilibrium, definition and Osborne Chapter 2-3
3
application
4 Mixed strategy NE Osborne Chapter 4 HW 2 due
5 Extensive form games Osborne Chapter 5
Extensive form games: subgame Osborne Chapter 5 HW 3 due
6
perfect NE
Extensions to the Extensive form Osborne Chapter 6-7
7
games
8 In class midterm
9 Bargaining games Osborne Chapter 16
10 Repeated games Osborne Chapter 14 HW 4 due
Applications of infinite horizon Osborne Chapter 14-15
11
repeated games
12 Games with imperfect information Osborne Chapter 9-10 HW 5 due
13 Bayesian games, Auction Osborne Chapter 9-10
14 Signaling games Osborne Chapter 9-10 HW 6 due
15 In class final exam

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Course Syllabus

Course Name (CH): 保险经济学
Course Name (EN): Insurance Economics
Credits: 3
Prerequisites: Risk Management and Insurance
□others___ problem sets and case assignments ______
Instructor: Wang Jun

Office: North 204, Weilun Building
E-mail: wangjun@sem.tsinghua.edu.cn
Office Hour:
TA:
E-mail:

The objective of this course is to provide the students with the modern fundamentals of the
theory of insurance. We will develop the basic microeconomic models for settings in which
economic agents are faced with uncertainty. A particular emphasis is given to insurance
markets as means of transferring risk and wealth. The models we discuss, however, are
adaptable to many other situations in finance and economics.

lecture notes and papers
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1 problem sets and case assignments 70%
2 final course report 30%

week Content Reading
1 Introduction to the Course Louberge, H.: Risk And Insurance
The Research of Insurance Economics Economics 25 Years After
2 Expected Utility Borch, K.: The Economics of

Uncertainty, Chapters III & IV ,
Princeton University Press, 1968
3 Utility Functions and Risk Aversion Pratt J.W.: Risk Aversion In The
Small And In The Large,
Econometrica, 1964
4 Insurance Demand Mossin, Jan: Aspects of Rational
Insurance Purchasing, Journal Of
Political Economy, 1968
5 Design of Optimal Insurance Policy Artur Raviv: The Design of an
Optimal Insurance Policy, The
American Economic Review, 1979
6 Market Insurance, Self-insurance and Isaac Ehrlich, Gary S. Becker:
Self-protection Market Insurance, Self-Insurance,
and Self-Protection, Journal of
Political Economy
7 Moral Hazard: principle-agent Bengt Holmstrom: Moral hazard
and observability, The Bell Journal
of Economics
8 Moral Hazard: principle-agent Neil Doherty, Olivier Mahul:
Mickey Mouse and Moral Hazard:
Uninformative But Correlated
Triggers
9 Moral Hazard: principle-agent Richard A. Lambert: Long-term
Contracts and Moral Hazard, The
Bell Journal Of Economics
10 Adverse Selection Michael Rothschild, Joseph
Stiglitz: Equilibrium in
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Competitive Insurance Markets:
An Essay on the Economics of
Imperfect Information, The
Quarterly Journal of Economics,
1976
11 Adverse Selection B.G. Dahlby: Adverse selection
and Pareto improvements through
compulsory insurance, Public
Choice, 1981
12 Adverse Selection Russell Cooper, Beth Hayes:
Multi-period Insurance Contracts,
International Journal of Industrial
Organization, 1987
13 Risk Classification Keith J. Crocker, Arthur Snow;
The Efficiency Effects of
Categorical Discrimination in the
Insurance Industry, Journal of
Political Economy
14 Insurance Fraud Crocker, Morgan: The optimality
of cost state falsification:
sharecropping and insurance
15 Corporate Insurance Bjorn N. Jorgensen: Hedging and
Performance Evaluation
16 Insurer Capital Stewart C. Myers, James A. Read,
Jr.:Capital Allocation for Insurance
Companies, 2001
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Course Syllabus

Course Name (CH): 中级财务会计(2)
Course Name (EN): Intermediate Financial Accounting (2)
Credits: 3
Prerequisites:
Teaching Method: □ lecture □discussion □case study □literature reading
Assessment Method: □ in-class quiz □oral presentation □group discussion □case
analysis (report) □final report/thesis □ final exam □practice project (report)
□others___________________________
Instructor: Kun Wang

Office: Weilun 307
E-mail: wangk@sem.tsinghua.edu.cn
Office Hour: Thursday afternoon 3-5pm
Discussion Board:
TA:
E-mail:

Based on the Intermediate Accounting (1), this course covers detail problems related to
liabilities, shareholders’equities, investment and revenue recognition. Meanwhile, this course
introduces briefly the income tax, pension and lease problems and accounting treatments on
them.
The objectives of this course are following:
1. To understand the conceptual framework of accounting, the accounting principles and
standards based on Generally Accepted Accounting Principles (GAAP) relating to valuation
and reporting of liability and equity items.
2. To train you to apply these accounting principles and standards in data accumulation,
summarization and reporting techniques.
3. To develop creative and deeper thoughts and to develop the analytical skills required to
use and interpret the accounting information.
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Donald E. Kieso, Jerry J. Weygandt and Terry D. Warfield, “Intermediate Accounting”, 12th
edition. Chapter 15 – chapter 24 (exclude appendix)

Attendance and Homework 10%
Quiz 25%
Project (Group Work) 15%
Final Examination 50%

Session Readings Subject Assignment
1 Ch15 Stockholders’ Equity Ch15: E7, P8
2 Ch16 Dilutive Securities and Earnings Per Share
Dilutive Securities and Earnings Per Share

3 Ch16 Ch16: E11, P4
(continued)
4 Ch17 Investments
5 Ch17 Investments (continued) Ch17: E9, P10
Revenue Recognition Quiz 1 (chapter

6 Ch18
15-chapter 17)
7 Ch18 Revenue Recognition Ch18: E9, E16
Ch19: E5, P5
8 Ch19 Accounting for Income Taxes
Project Assignment
Accounting for Pensions and Postretirement
9 Ch20
Benefits
Accounting for Pensions and Postretirement
10 Ch20 Ch20: E8, P4
Benefits (continued)
Accounting for Leases
11 Ch21
Quiz 2 (Chapter 18-Chapter 20)
12 Ch21 Accounting for Leases (cont’d) Ch21: E8, P3
13 Ch22 Accounting Changes and Error Analysis Ch22: E10, E20
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Statement of Cash flows
14 Ch23/24 Ch23: P6
Financial reporting and disclosure
15 Project Presentation
16 Review and Q&A for the final exam
Final Examination (Venue and Time to be announced)

Chapter 15-24

Preparation and Review: The general approach of this course is lecture, problem solving,
class discussion, and project presentation. The chapters covered in the textbook are provided
in the following course outline. You are encouraged to go through textbook of each assigned
chapter to gain perspective before the class and review afterward. The material in our
Financial Accounting course builds up rapidly, so please try to keep up with the pace of the
course. You will find that it is much easier to get better grades if you work consistently than
if you cram in the last minute.
Group Discussion: All students are to be divided into discussion groups with each group of
7-8 students. The groups are scheduled to meet for case discussion, projects and daily
problems as well. One of the group members will be selected as group leader to be helpful in
moving the group through the discussions. The effective discussion groups are most effective
when attendance is 100% and all the members share the responsibility for content. Group
members may take turn to lead the discussions given that group leader is only the facilitator
of discussion rather than a master. (The importance of individual study prior group discussion
could never be overemphasized.)
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Course Syllabus

Course Name (CH): 中级微观经济学
Course Name (EN): Intermediate Microeconomics
Credits: 3
Prerequisites: No
□others __ quiz in tutorial class __
Instructor: Professor David Daokui Li

Office: Shunde 128
E-mail: lidk@sem.tsinghua.edu.cn
Office Hour: By appointment
Discussion Board: http://learning.sem.tsinghua.edu.cn/
TA: To be announced
E-mail: To be announced
Course Description
The course presents basic theories of microeconomics and its applications. Topics covered
include consumer theory, firm theory, market supply and demand, externality and public
goods, industrial organization, game theory, information economics, and general equilibrium.
The economic modeling methods and analytical tools are emphasized throughout the course.
The purpose of this course is to make students well trained and proficient in analyzing
with systematic microeconomics theory.
As a core course in economics, this course has been contiguously endeavoring to keep
pace with the leading level. The written materials are English mainly while the oral
expression is both in English and Chinese. The lectures delivered by Profess
or will be in English，the corresponding tutorial classes delivered by TAs will be in
Chinese.
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Hal R. Varian: Intermediate Microeconomics A Modern Approach. Sixth Edition W.W.
Norton & Company. New York, NY. 2003.
Theodore C. Bergstrom and Hal R. Varian: Workouts in Intermediate Microeconomics.
Sixth Edition W.W. Norton & Company. New York, NY. 2003.
Grading
1 Quiz in tutorial class 20%
2 Midterm test 30%
3 Final test 50%
Teaching Schedule
Week Content Literature reading
Introduction and Overview of the Course Varian Ch1 Ch2
1
The Market Budget Constraint
2 Preferences Utility Choice Varian Ch3 Ch4 Ch5
3 Demand Revealed Preference Varian Ch6 Ch7
4 Slutsky Equation Buying and selling Varian Ch8 Ch9
5 Intertemporal Choice Asset Markets Varian Ch10 Ch11
6 Uncertainty Risky Assets Varian Ch12 Ch13
7 Consumer’s Surplus Market Demand Equilibrium Varian Ch14 Ch15 Ch16
8 Mid-Term Exam
9 Technology Profit Maximization Cost Minimization Varian Ch18 Ch19 Ch20
10 Cost Curves Firm Supply Industry Supply Varian Ch21 Ch22 Ch23
11 Monopoly Monopoly Behavior Factor Markets Varian Ch24 Ch25 Ch26
12 Oligopoly Game Theory Varian Ch27 Ch28
13 Exchange Production Varian Ch30 Ch31
14 Welfare Externalities Public Goods Varian Ch32 Ch33 Ch35
15 Asymmetric Information Auctions Varian Ch17 Ch36
16 Course Integration

For each lecture, there will be 2 identical tutorial classes following. Students are required to
attend 8 tutorial classes at least.
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Course Syllabus
Course Name (CH)：国际经济学
Course Name (EN): International Economics
Credits：3
Prerequisites：Intermediate Micro; Intermediate Macro
Teaching Language：□CH □CH+EN（EN ≥50%） □EN
□others___________________________
Target Students：□undergraduates □master students □doctoral students
□MBA □EMBA
Instructor：Qing Liu
Office：Weilun 546
E-mail：liuqing@sem.tsinghua.edu.cn
Office Phone：010-62773994
Office Hour：TBA
Tutorial: TBA
Discussion Board：TBA
TA：TBA
E-mail: TBA
Course Description (course objectives, content & teaching approach)：

This course is intended for advanced undergraduate students. A familiarity with some basic
concepts of international trade and finance will be useful. The course is aimed to help
students develop analytical methods and models in order to gain insights about international
economic phenomena.
In the first part of this course, we will discuss issues of International Trade, which deals
with real transactions that involve physical movements of goods and services. The course
will highlight sources of comparative advantage, gains and losses from trade, the impact of
trade on economic growth, and effects of trade policy interventions such as tariffs, quotas,
voluntary export restraints, and export subsidies. By the end of this section, students are
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expected to have a solid understanding of why countries trade, what they trade, the benefits
and costs of trade, and the motivations for and the effects of government trade policies.
In the second part, we will present the modern theory of Open Economy Macroeconomics.
The lectures will focus on developing a coherent analytical framework for thinking about the
fundamental problems in international macroeconomics. Students will be expected to develop
a good grasp of both the analytical tools and the relevant policy issues. Topics coved include:
the intertemporal approach to the current account; international risk sharing and capital flows;
models of exchange rate determination; and macroeconomic policy in open economies.
Useful books：
Intermediate level books:
Krugman and Obstfeld, International Economics: Theory and Policy
Giancarlo Gandolfo, International Trade Theory and Policy
Giancarlo Gandolfo, International Finance and Open-Economy Macroeconomics
Advanced level books:
Robert Feenstra, Advanced International Trade: Theory and Evidence
M. Obstfeld and K. Rogoff, Foundation of International Macroeconomics
Bhagwati, Panagariya and Srinivasan, Lectures on International Trade
Frenkel and Razin, Fiscal Policies and Growth in the World Economy
Grading Policy：
There will be two exams, corresponding to the two parts of this course. Several problem sets
will be distributed during the course. The problem sets will deal with extensions and
variations of the models developed in class and should be viewed as an integral part of the
course. The final grade will be based on students’ performance on the assignments and exams.
The preliminary marking scheme is planning as follows:
Assignments: 20%
Exam #1: 40%
Exam #2: 40%
Teaching Schedule:
Part Ⅰ: International Trade
Week 1 – Week 4: Core Trade Models and the Pattern of Trade
1. The classical theory of trade: Ricardian Model
2. Two-Sector Models
3. The Heckscher-Ohlin Model and generalizations
4. Specific-Factors Model
Week 5: The “New” Trade Theories: Increasing Returns, Intra-Industry Trade, and
Imperfect Competition
Week 6: Trade and Endogenous Growth
Week 7 – Week 8: Trade Policy
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1. Gains from Trade

2. Import Tariff and Dumping
3. Import Quotas and Export Subsidies
EXAM #1
Part Ⅱ: Open Economy Macroeconomics
Week 9: Introduction: Basic Relations in the Open Economy
Week 9: The Intertemporal Approach to Current Account Determination
Week 10: Capital Markets Imperfections
Week 11: The Real Exchange Rate and the Terms of Trade
Week 12: Optimal Fiscal Policy in the Open Economy
Week 13 – Week 15: Monetary Models and Policy Implication in the Open Economy
1. The basic monetary model: money as a “veil”
2. The monetary approach to the balance of payments
3. CIA model
4. Sticky price model
Week 16: Optimal Exchange Rate Regimes
EXAM #2
Other requirements and information：

The lectures are designed to cover the most fundamental issues in International Economics. It
is essential that students work their way through the details of the models presented in the
class. The lecture does not always follow the textbook. So class attendance and a hard effort
on the problem sets distributed in the class are extremely important for understanding the
topics and also obtaining a good grade.
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Course Syllabus
Course Name (CH)：金融工程导论
Course Name (EN): Introduction to Financial Engineering
Credits：3
Prerequisites：None
Teaching Language：□CH □CH+EN（EN ≥50%） □EN
□others___________________________
Target Students：□undergraduates □master students □doctoral students
□MBA □EMBA
Instructor：Song Fengming
Office：S329, Weilun Building
E-mail：songfm@sem.tsinghua.edu.cn
Office Phone：62789957
Office Hour：2pm-4pm (Tuesday-Thursday)
Discussion Board：
TA：
E-mail:
Course Description：
Developing the theoretical foundation of financial engineering and training practical skill for
preliminary financial engineers.
This course presents basic concepts and theories in financial engineering. The emphasis of
the course is on no-arbitrage dynamic replication analysis, risk neutral analysis approach, and
the interaction between them. The course aims to give a basic training to future professional
financial engineers and risk managers. Students will learn designing, developing, and
implementing modern financial contracts, and tools and methods of risk management.
Textbooks & References：

Song Fengming, Principle of Financial Engineering – No Arbitrage, Tsinghua University
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Press, 1999
Grading：
Performance in classrooms: 30%
Final Examination: 70%
Teaching Schedule:
Week Contents Readings Cases
No Arbitrage Reference papers
1
and books
No Arbitrage Reference papers
2
and books
Term Structure of Interests Reference papers
3
and books
Term Structure of Interests Reference papers
4
and books
Two Fund Separation and Reference papers
5 CAPM and books
Two Fund Separation and Reference papers

6 CAPM and books
Index Models and APT Reference papers

7
and books
Index Models and APT Reference papers
8
and books
Option Pricing and Dynamic No Reference papers
9 Arbitrage and books
Option Pricing and Dynamic No Reference papers

10 Arbitrage and books
Fundamental Theorems and B-S Reference papers

11 Option Pricing Formula and books
Fundamental Theorems and B-S Reference papers

12 Option Pricing Formula and books
Case Study Banc one’s

13 Asset-Liability
Management
Case Study Goodrich-Riborbank’s
14
Interest Swap
15 Case Study Super Fund and
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Portfolio Insurance
Case Study SLM’s Covered
16
Warrants
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Course Syllabus

Course Name (CH): 投资学
Course Name (EN): Investment
Credits: 2
Prerequisites:
Teaching Language: □ CH □CH+EN (EN ≥50%) □EN
Teaching Method: □ lecture □discussion □ case study □literature reading
□computer-aided assignment □ students’ in-class presentation
Assessment Method: □ in-class quiz □ oral presentation □group discussion □case
analysis (report) □final report/thesis □final exam □ practice project (report)
□others___________________________
Instructor： Prof. Zhu Yingzi

Office： Weilun Building, Rm 321
E-mail： zhuyz@sem.tsinghua.edu.cn
Office Phone： 62786041
Office Hour：
Discussion Board：
TA：
E-mail:

This course aims to provide students with understanding of (i) the fundamental knowledge
for those common and important investment strategies in financial market, (ii) the portfolio
management techniques used to manage risk or make speculation, and (iii) the recent
development of portfolio management tools and investment strategies in financial markets.
On the theoretical side, this course introduces fundamental knowledge for investment
strategies and portfolio management. On the practical side, this course covers recent topics
that are related to the investment strategies and portfolio management. Some projects of
portfolio management are specially designed to let you apply the theoretical knowledge to
practice.

Investments. Boadie, Kane, and Marcus. Seventh edition.
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2 cases (50%)+ 1 project (40%)+class participation (10%)
Teaching Schedule :
1. Course overview; Introduction (reading: BKM Chapter 1-4)
2. Risk free interest rate, risk premium, and risk aversion (reading: BKM Chapter 5 &6)
Asset allocation and optimal risky portfolio (reading: BKM Chapter 7 )
3. Lab tour; Project assignment
4. CAPM and APT, index model (reading: BKM Chapter 8-11)
5. Case presentation; Market Efficiency (reading: BKM Chapter 12)
6. Portfolio performance evaluation and Active portfolio management (reading: BKM
Chapter 24, 26, 27)
Case presentation
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Course Syllabus

Course Name (CH): 投资学
Course Name (EN): Investment
Credits: 2
Prerequisites:
□others__Problem solving assignments_________________________
Instructor: Wang, Yintian

Office: Weilun 333
E-mail: wangyt2@sem.tsinghua.edu.cn
Office Hour: TBA
Discussion Board:
TA: TBA
E-mail:

This course will introduce and delineate basic concepts and techniques in investments by
examining such topics as risk-return tradeoff, optimal portfolio construction, Capital Asset
Pricing model, APT, Market efficiency, bonds and futures. On the theoretical side, this course
introduces fundamental knowledge for investment strategies and portfolio management. On
the practical side, this course covers recent topics that are related to the investment strategies
and portfolio management. Some projects of portfolio management are specially designed to
let you apply the theoretical knowledge to practice.

Bodie, Kane and Marcus: Investments, 7th edition，2008, McGraw-Hill.
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1 Project 20%
2 Assignments 20%
3 Final Exam 60%

1 Course overview; Introduction BKM Chapter 1, 2, 3
Risk free interest rate, risk BKM Chapter 5, 6,7
premium, and risk aversion,
2
Asset allocation and optimal
risky portfolio
Capital Asset Pricing Model, BKM Chapter 9,10
3
Arbitrage Pricing Theory
4 Market efficiency BKM Chapter 11
Bond prices and yields BKM Chapter 14, 15
5 Interest rates term structure or Hull Chapter 6
, Swap
6 Security analysis BKM Chapter 17,18,19
7 Index future Hull Chapter 3, 4, 5

Prerequisite: Introduction to Finance (undergraduate or graduate level); Linear algebra
(undergraduate); Calculus(undergraduate); Fundamental Accounting (undergraduate)
This course is highly recommended for students who intend to pursue a career or further
studies in investment strategies and portfolio management. This is not an introductory
course to finance, therefore, it is NOT suitable to students who do not have finance
background.
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Course Syllabus

Course Name (CH): 劳动经济学
Course Name (EN): Labor Economics
Credits: 3
Prerequisites: basic-to-intermediate microeconomics and some knowledge in statistics or
econometrics.
□others___________________________
Instructor: Lingsheng Meng

Office:
E-mail: lingshengmeng@gmail.com
Office Phone:
Office Hour:
Discussion Board:
TA:
E-mail:

This course is an introduction to labor economics with an emphasis on applied
microeconomic theory and empirical analysis. We are especially interested in the link
between research and public policy. Topics include labor supply, labor demand, minimum
wages, the economics of human capital (education), discrimination and the impact of
antidiscrimination programs, immigration, changes in earnings inequality over time, unions,
incentive pay, and program evaluation.

Text: George J. Borjas, Labor Economics (Fifth Edition), 2010.
Research Papers: Additional (empirical) papers will be made available.
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1 Problem Sets 25%
2 Mid-Term Exam 30%
3 Final Exam 40%
4 Participation 5%

Week Content Reading
1 Introduction to Labor Economics Borjas Chapter 1
2 Labor Supply Borjas Chapter 2
3 Labor Supply Borjas Chapter 2
Borjas Chapter 3 and
4 Labor Demand
Section 4.9
5 Labor Demand
Section 4.9
6 Labor Demand and the Minimum Wage Papers, TBA
7 Labor Market Equilibrium Borjas Chapter 4
8 Causal Inference with Non-experimental Data Papers, TBA
9 Mid-Term Exam
10 Human Capital Borjas Chapter 6
11 Human Capital: Empirical Evidence Papers, TBA
12 Labor Mobility and Immigration
Sections 4.5, 4.6
13 Labor Market Discrimination Borjas Chapter 9
14 Changes in Earnings Inequality over Time Borjas Chapter 7
15 Unions Borjas Chapter 10
16 Incentive Pay Borjas Chapter 11
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Course Syllabus

Course Name (CH): 管理系统模拟
Course Name (EN): Management Systems Simulation
Credits: 3
Prerequisites: Probability Theory, Statistics
□others___________________________
Instructor: WEI Qiang

E-mail: weiq@sem.tsinghua.edu.cn
Office Phone: 86-10-62789824
Office Hour: 15:00 ~ 17:00, Friday
TA: to be decided
E-mail: to be decided

Many analytical models and mathematical tools have been used in business decision to
improve the operational efficiency and seize the competitive advantage. Since, however, the
real world business situation and environment, regarded as a system, is very complex, which
results that the traditional analytical methods and tools cannot fit properly. This course will
introduce a new methodology – simulation – into the business management systems. As its
name says, in complex systems, where the number of related variables is huge and they are
also closely interdependent, simulation method is to mimic the real parameters in computer
system, using the time-advance mechanism, to generate the evolutionary results over time. In
so doing, after enough replications of simulation, statistically confident results could be
derived. Clearly, the computational load is extremely high. But, with mainstream personal
computer nowadays, this process could be performed efficiently. In this course, we will
cultivate the students with the abilities of modeling, simulation and analysis with computer
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and software.
This course includes:
a) Basic Concepts on Simulation Modeling;
b) The Simulation Process;
c) Simulation with EXCEL;
d) Input Analysis using Statistics;
e) Random Number and Random Variable Generation;
f) Basis of simulation with ARENA;
g) Advanced simulation with ARENA;
h) Output Analysis;
i) Lecture on system dynamics;
By the end of the course, the students should:
4. Master the methodology of simulation and can modeling complex business systems;
5. Master the abilities of modeling with EXCEL and ProModel.
6. Cultivate the ability for further simulation analysis, design and implement.
To accomplish this global goal, lecturing is far from enough; case programming, modeling
and analysis, assignment and Q&A are also important.

1. W. David Kelton, Randall P. Sadowski, David T. Sturrock, Simulation with ARENA, 4th
edition, McGraw-Hill Higher Education, New York, USA, 2007.

1 Assignments 20%
2 Group Report 20%
3 Attendance 10%
4 Final Exam 50%

1 Introduction and Simulation Chapter 1
2 National holiday
3 Monte Carlo Method Courseware Assignment 1
4 Discrete-Event Simulation Chapter 2 Assignment 2
5 Input Analysis Chapter 4, Courseware Assignment 3

Random Number Generator Chapter 12,
6
Courseware
7 Generating Random Variates Chapter 12, Coursewre Assignment 4
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8 Output Analysis for Single System Chapter 6, Courseware Assignment 5

Life Cycle of Simulation Project Chapter 13,
9
Courseware
10 Introduction to ARENA 7.0 Chapter 3 Term Project
11 ARENA basis (1) Chapter 3 Assignment 6
12 ARENA basis (2) Chapter 3 Assignment 7
13 Advance in ARENA modeling (1) Chapter 4
14 Advance in ARENA modeling (2) Chapter 4 Assignment 8
15 Lecture on System Dynamics Courseware
16 Group Reports and Summarization Courseware

N/A
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Course Syllabus

Course Name (CH): 人身与健康保险
Course Name (EN): Principles of Insurance: Life, Health and Annuities
Credits: 3
Prerequisites: Risk Management and Insurance
□others____ Class attendance and Homework _____
Instructor: Wang Jun

Office: North 204, Weilun Building
E-mail: wangjun@sem.tsinghua.edu.cn
Office Hour:
TA:
E-mail:

This course will examine the economic analysis of life and health insurance, various life,
health, annuity, pension products, provisions and additional benefits, pricing of life and
health insurance, life insurance company organization and regulation etc. Students are
required to analyze some actual problems in domestic life and health insurance market
through internship, group projects and case studies.

1. Black, Kenneth, Jr. and Skipper, Harold D., Jr., Life and Health Insurance. 13th Edition.
Prentice Hall, 2000.
2. Harriett E. Jones, Dani L. Long, Principles of Insurance: Life, Health and Annuities, 2nd,
LOMA, 1999.
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3. Selected handouts and cases to be handed out in class.

1 Exam 50%
2 Group Project 30%
3 Class attendance and Homework 20%

Week Topic Assignment &
handouts
1 Course Intro and Economics of L&HI (B&S Course Syllabus
Ch1&3)
2 Introduction to Insurable Risk and Insurance Hw 1 hand out
Policy
3 Term, Permanent Life and Endowment Insurance
Policy Provision and Beneficiaries
4 Pricing of LHI (1) (B&S Ch2,27,28) Hw 1 due, Hw 2 handout
5 Pricing of LHI (2) (B&S Ch29, 30)
6 Annuity, Pension and Retirement Savings Plan Hw 2 due, Hw 3 handout
Group Life Insurance
7 ME and DI Coverage
Marketing of LHI(B&S Ch24)
8 Life Ins. Company Organization and Regulation Guest speaker
Group Project presentation Hw 3 due
Final exam on specified day by SEM

Homework will be assigned and be graded. Those who copies and be copied will be
equally and severely punished.
It is the student's responsibility to attend class. Attendance in this class is very important.
Exams and homework assignments will be based primarily on material covered in class.
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Course Syllabus
Course Name (CH): 公共财政学
Course Name (EN): Public Finance
Credits: 3
Prerequisites: Intermediate Microeconomics
□others___________________________
Instructor: Binzhen Wu
Office: : S553, Weilun Building;
E-mail: wubzh@sem.tsinghua.edu.cn
Office Hour:
Discussion Board:
TA:
E-mail:

Public Finance studies the role of the public sector in the economy. In this course, we will
study the economic foundations that justify the existence of the public sector, and the
economic theory that describes what the role of the public sector should be. We concern
when the governments should intervene the economy and how they should do so, including
what options they have and what the policy effects are. The focus is on the government taxes
and spending activities. We will also look at the governments’ policies in the reality, and
study how the policies affect individual and corporate decision-making and welfare.

The main text is: Public Finance, by Harvey S Rosen, McGraw-Hill, 7th ed., 2005.
I also recommend the textbook “Public Finance and Public Policy”, by Jonathan Gruber,
Worth Publishers, 2004.
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There will also be required or recommended reading from academic journals or magazines.
They are listed in the reading-list.

1. Final Exam In-class exam 50%
2. Essay Essay 50%

1 Introduction Rosen, Ch. 1, Gruber Ch. 1
2 Tools of Public Economics Rosen, Ch. 2, 3, Gruber, Ch. 2, 3, 4
3 Public Goods Rosen, Ch. 4, Gruber, Ch. 7
4 Externalities Rosen, Ch. 5, Gruber, Ch. 5. 6
5 Voting and Political Economics Rosen, Ch. 6, Gruber, Ch. 9
6 Federal System Rosen, Ch. 20, Gruber Ch. 10

Social Security and Rosen, Ch. 9, Gruber, Ch. 12, 13,
7
Unemployment Insurance 14
8 Health Care Rosen, Ch. 10, Gruber, Ch. 15. 16
Redistribution and Poverty Rosen, Ch. 7, 8, Gruber, Ch. 17
9
Programs
10 Education Rosen, Ch. 4, Gruber, Ch. 11
11 Tax Incidence Rosen, Ch. 12, Gruber, Ch. 18, 19
12 Equity and Efficiency Rosen, Ch. 13, 14, Gruber, Ch. 20

The Tax System in Practice Rosen, Ch. 15-19 Gruber, Ch.
13
22-24
Chinese Tax Reform and Fiscal
14
System Reform
Chinese Tax Reform and Fiscal
15
System Reform
16 Final Exam
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Course Syllabus

Course Name (CH): 战略管理
Course Name (EN): Strategic Management
Credits: 2
Prerequisites:
□others___________________________
Instructor: Rui Wu
Office:
E-mail:
Office Phone:
Office Hour:
Discussion Board:
TA:
E-mail:

This course introduces the concepts and tools of strategy formulation and competitive
analysis. You will learn about why some firms survive and prosper while others do not, and
develop the critical analysis and communication skills necessary to create and implement
firm strategy. The course focuses on the information, analyses, organizational processes,
skills and business judgment managers must use to craft strategies, position their businesses
and assets, and define firm boundaries, so as to maximize long-term profits in the face of
uncertainty and competition.
Strategic Management is an integrative and interdisciplinary course in two important
respects.
1. The course assumes a broad view of the environment that includes buyers, suppliers,
technology, economics, capital markets, competitors, government, and global forces;
and it assumes that the external environment is dynamic and characterized by
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uncertain changes. In studying strategy, the course draws together and builds on all
the ideas, concepts, and theories from your functional/discipline-based courses such
as Accounting, Economics, Finance, Marketing, Organizational Behavior, and
Statistics. However, it is much more than a mere integration of the functional
specialties within a firm.
2. This course takes a general management perspective. It views the firm as a whole,
and examines how policies in each functional area are integrated into an overall
competitive strategy. It is intended that you develop the “general management point
of view” in this course. This point of view is the best vantage point for making
decisions that lead to sustainable business performance. The key strategic business
decisions of concern involve determining and shaping organizational purpose to
evolving opportunities, creating competitive advantages, choosing competitive
strategies, securing and defending sustainable market positions, and allocating critical
resources over long periods. Decisions such as these can only be made effectively
by viewing a firm holistically, and over the long term.
This course is intended to help you develop skills for formulating strategy. These skills will
help you in whatever job you take after graduation as well as in your personal investing and
choice of employment. The strategy formulation process demands the mastery of a body of
analytical tools and the ability to take an integrative point of view. You will develop these
skills through:
 In-depth analysis of industries and competitors
 Prediction of competitive behavior
 Techniques for analyzing how firms can develop and sustain competitive advantages
over time

 Case Package [CP]: Assigned HBS cases and articles (see below)
 Textbooks:
o Required: Hitt, Michael A., R. Duane Ireland, and Robert E. Hoskisson [HIH].
Strategic Management: Competitiveness and Globalization—Concepts,
Cincinnati, OH: Southwestern College Publishing, 8th Edition, 2009.
This provides students with definitions of key terms, detailed descriptions of
conceptual frameworks, and useful guidelines for undertaking various aspects of
strategic analysis. Refer to it constantly. You should use this book to help you fill in
gaps in your understanding, add to your strategic analysis tools and "box of tricks",
and reinforce your skills. It is not, however, a precise template for case analysis.
o Optional: Barney & Hesterly [BH], Strategic Management and Competitive
Advantage: Concepts, 2nd ed., 2008

1 Course Participation 20%
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2 In-class Quizzes 10%
3 Group Strategy Analysis Presentation 15%
4 Group Strategy Analysis Report 15%
5 Final Exam 40%
Teaching Schedule (weeks, content, assignments. It can be in the tabular form.)

Week Content Literature reading Cases
1
2
3
4
5
6
7
8
Introduction: What is Strategy? HIH-Ch1; BH-Ch1; CP-“What is Wal*Mart Stores
9
Strategy?”
Industry Analysis: External HIH-Ch2; BH-Ch2; CP-“Five Cola Wars
10
Forces That Shape Strategy”
11 Firm Analysis: Internal HIH-Ch3 & Ch4; BH-Ch4 & Ch5 Apple Computer
12 Competitive Dynamics HIH-Ch5 & Ch9; BH-Ch3 Intel Corp, 1968-2003

Competitive Dynamics CP-“The Right Game”; Barnes & Noble vs.
13
CP-“Competitor Analysis” Amazon.com
14 Strategy Implementation BH-Ch8 (optional) Cirque du Soleil
15 Corporate Strategy HIH-Ch6 & Ch7; BH-Ch6 & Ch7 Walt Disney Co
16 International Strategy HIH-Ch8 & Ch10; BH-Ch9 Zara: Fast Fashion
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Course Syllabus

Course Name (CH): 产业组织理论
Course Name (EN): Theory of Industrial Organization
Credits: 3
Prerequisites: Intermediate Microeconomics
□others_(Individual Homework, Group Presentation)
Instructor: Ming GAO

Office:
E-mail: gaom@sem.tsinghua.edu.cn
Office Phone:
Office Hour:
Discussion Board:
TA:
E-mail:

Industrial Organization (IO) is the sub-field of microeconomics that studies firm
behaviour and strategy in market competition, as well as the induced industry characteristics.
Not only useful for economists, the theory of IO also provides the basic theoretical
framework for researchers and practitioners in many other business subjects, including
corporate finance (e.g. merger and acquisition), marketing (e.g. pricing) and strategic
management (e.g. competitiveness analysis).
The first part of this course introduces monopoly market and discusses pricing,
information structure and advertising in this kind of market. In the second part, we introduce
interaction among firms and discuss oligopolistic market, where we first learn the basics of
game theory and then use them to analyze pricing, competition and merger, etc. In the last
part, we discuss special topics of recent developments in IO theory and “hot” topics in
real-life industrial economy, including two-sided markets (e.g. credit card market), network
industries (e.g. Internet and telecommunication) and antitrust and regulatory policies.
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教学办公室

1.《产业组织理论》李明志、柯旭清编著
清华大学出版社 2004 年 9 月出版
Or
2.. Industrial Organization -- A Strategic Approach , Jeffrey Church and Roger Ware
McGraw-Hill Higher Education, November 2000

1 Individual Homework 20%
2 Group Project 30%
3 Group Presentation 10%
4 Individual Final Exam 40%

1 Introduction to IO
Monopoly Theory: Price To be published or
2 Discrimination distributed in the
previous lecture
Monopoly Theory: Price
3
Discrimination (continued)
Multi-product Monopoly To be published or
4 distributed in the
previous lecture
5 Durable Good Monopoly
Asymmetric Information and
6
Advertising
Introduction to Game Theory To be published or
previous lecture
Introduction to Game Theory
8
(continued)
Oligopoly Pricing To be published or
previous lecture
10 Dynamic Models of Oligopoly
Strategic Behavior in Oligopoly To be published or
11
Markets distributed in the
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教学办公室
previous lecture
Strategic Behavior in Oligopoly
12
Markets (Continued)
Special Topic 1: Two-Sided To be published or
13 Market distributed in the
previous lecture
Special Topic 2: Network
14
Industries
Special Topic 3: Antitrust and
15
Regulation
16 Special Topic 4: Behavioral IO
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教学办公室
Course Syllabus

Course Name (CH): 国际会计专题
Course Name (EN): Topics on International Accounting
Credits: 3
Prerequisites: Fundamentals of Accounting
□others___________________________
Instructor: HAO Zhenping

Office: 352 Weilun Building
E-mail: haozhp@sem.tsinghua.edu.cn
Office Hour: to be arranged
Discussion Board:
TA:
E-mail:

 To understand the development of accounting and financial reporting models in the
world, and to enable you to evaluate the reasons and evolution of international
accounting harmonization and convergence;
 To provide you with the key technical issues in international accounting area and their
impact on financial reporting, such as accounting for foreign currency transactions,
translation of foreign financial statements and accounting for changing prices; and
 To understand some management accounting issues in multinational operations, for
instance, the establishment of management control and information system, financial risk
management, international taxation，and international transfer pricing.
Many of the topics in an international accounting course have a domestic counterpart.
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However, new factors and complications arise in the international arena. Some of these are (1)
laws, practices, customs, cultures, and diversity of competitive circumstances; (2) risks
associated with fluctuating exchange rates, differential rates of inflation, and unstable
property rights; and (3) variations in taxes and tax rates. International accounting discusses
issues from the perspective of companies that have internationalized their finance and/or
operations. It also has a comparative aspect, comparing accounting across countries. It also
deals with convergence of worldwide financial reporting standards. This course is designed
to provide you with an understanding of the significant issues in international accounting.
The teaching approach will be mainly classroom lectures with some discussions and
presentations.
Textbook:
International Accounting, 6th Edition, Frederick D. S. Choi, and Gary K. Meek, China
Renmin University Press （中国人民大学出版社），2008
References:
International Accounting and Multinational Enterprises, 6th Edition, Lee H. Radebaugh and
Sidney J. Gray, China Machine Press （机械工业出版社）, 2007

Grading is the 100 mark system. Students are expected to do all of the reading assignments
and to develop answers to all assigned questions, cases, and exercises. Assessment is based
on class performance, attendance and some ten minutes quizzes which totally account for
40%, and three unit exams each of which accounts for 20% and totally 60%.

1 class performance, attendance and some ten 40%
minutes quizzes
2 three unit exams each of which accounts for 60%
20%

Weeks Main Contents Readings
1 Introduction Chapter 1
 A Brief History of International Accounting
 Role of Accounting in Business and Global Capital Markets
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教学办公室
2 Development and Classification. Chapter 2

 Comparative Development Patterns
 Classification
3 Comparative Accounting I Chapter 3
 Some Observations about Accounting Standards and Practice
 IFRS in the European Union
 Five National Financial Accounting Systems
4  National Day Break
5 Comparative Accounting II Chapter 4

 Some Observations About Other Countries
 Five National Financial Accounting Systems
6 Discussion and Presentation, Unit Exam I
7 Reporting and Disclosure Chapter 5
 Development of Disclosure
 Reporting Requirements for Listed Companies
 Reporting and Disclosure Practices
8 Foreign Currency Translation Chapter 6
 Reasons for Translation and Background
 Financial Statement Effects of Alternative Translation Rates
 Foreign Currency Translation
 Translation Accounting Debates and Current Trends
9 Financial Reporting and Changing Prices Chapter 7
 Types of Inflation Adjustments
 National Perspectives on Inflation Accounting
 International Financial Reporting Standards
 Accounting for Inflation Issues
10 Global Accounting and Auditing Standards Chapter 8
 A Survey of International Convergence
 Overview of Major International Organizations promoting
Accounting Convergence
 International Accounting Standards Board
 EU, IOSCO, IFAC, ISAR, OECD
11 Discussion and Presentation, Unit Exam II
12 International Financial Statement Analysis Chapter 9
 Challenges and Opportunities in Cross-Border Analysis
 International Business Strategy Analysis
 Accounting Analysis
 International Financial Analysis
13 Managerial Planning and Control Chapter 10
 Business Modeling, Planning Tools, and Capital Budgeting
 Management Information Systems and Control
 Performance Evaluation of Foreign Operations
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14 Financial Risk Management Chapter 11

 Essentials and Role of Accounting
 Hedge of a Recognized Asset or Liability or an Unrecognized
Firm Commitment, and a Net Investment in a Foreign Operation
 Speculating in Foreign Currency
15 International Taxation and Transfer Pricing Chapter 12
 Diversity of National Tax Systems
 Taxation of Foreign Source Income and Double Taxation
 Tax Planning Dimensions
 International Transfer Pricing: Complication Variables
 Transfer Pricing Methodology, and Practices
16 Discussion and Presentation, Unit Exam III

None.
Page79 of 79

Tsinghua UG English-Taught Courses Syllabi (Fall 2010)

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Tsinghua UG English-Taught Courses Syllabi (Fall 2010)

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Undergraduate English-taught Courses Syllabi

Fall Semester, 2010

Academic Affairs Office

Undergraduate Program, Fall 2010

Course Number: 30510123

Instructor: ZHANG, Haiyan

Course Description (course objectives and content):

Textbooks & References:

Grading (percentage of all the assessment methods involved):

Teaching Schedule (weeks, content, assignments. It can be in the tabular form.) :

Other requirements and information:

Course Number: 30510123

Instructor: Jian Xue

Course Description (course objectives and content):

Textbooks & References:

Grading (percentage of all the assessment methods involved):

Teaching Schedule (weeks, content, assignments. It can be in the tabular form.) :

Midterm Examination Chap1~7

Long-term Assets Chap.8 E13, P3

Other requirements and information:

Course Number: 30510393

Course Description (course objectives and content):

Textbooks & References:

Grading (percentage of all the assessment methods involved):

Teaching Schedule (weeks, content, assignments. It can be in the tabular form.)

Reports on Audited Financial Statements

14 Chapter 19  Group 10 – Case 9.3 Longeta (4) Group work:

Other requirements and information:

Course Number: 30510912

Instructor: Nancy Han

Course Description (course objectives and content):

Textbooks & References:

Grading (percentage of all the assessment methods involved):

Final Presentation 40% 60%

Written report 20%

Teaching Schedule (weeks, content, assignments. It can be in the tabular form.) :

Other requirements and information:

Textbooks & References

Other requirements and information:

Course Number: 40510233

Instructor: Professor Taotao Chen

Course Description (course objectives and content):

Textbooks & References:

Grading (percentage of all the assessment methods involved):

Teaching Schedule (weeks, content, assignments. It can be in the tabular form.) :

6 Lecture: Capital Budgeting Myers: Chap 10,11,12 China topic presentation II

Myers: Chap 10,11,12 Case study: Laurentian

Lecture: Financial Market and Myers: Chap 14,17, 18

Myers: Chap 14,17, 18 Case study: ROCKY

Myers: Chap 16,17,18 Case study: Dividend Policy

Guest Speaker: (TBD) Myers: Chap 19, China topic presentation IV

Other requirements and information:

Course Number: 30510273

Instructor: WEI Qiang

Course Description (course objectives and content):

Textbooks & References:

Grading (percentage of all the assessment methods involved):

Teaching Schedule (weeks, content, assignments. It can be in the tabular form.) :

14 Google and PageRank Course Readings

Other requirements and information:

Course Number: 60610092

Course Description (course objectives and content):

Textbooks & References:

Grading (percentage of all the assessment methods involved):