English Taught Program - Bachelor Program in Economics

What is the program about?

This special Bachelor Program in Economics is designed to train academic and business leaders of the future. It is a selective program open to both Chinese and international students with all instructions in English. Its curriculum is closely modeled after top economics programs in the U.S., and most instructors hold Ph.D.s from leading economics institutions in the West. 

How long does the program last?

The program takes four years to complete, two semesters per year, and about 16 weeks per semester followed by final exams. There are two specialized fields available, i.e. economics and finance. However, regardless of the specialization, all students follow a common core curriculum in the first two years of study that builds a solid foundation in economic reasoning as well as essential skills in mathematics, statistics, and econometrics. From the third year on, more elective courses become available as students sharpen their knowledge in specialized fields in economics or finance. In the last one or two semesters, students engage in internship and supervised research leading to thesis. Upon completion of the program, graduates will be awarded B. A. in Economics, recognized by the Ministry of Education of the People’s Republic of China.

Who is eligible to apply?

Applicants should have a High School Graduate Certificate/Pre-Graduation Letter or any proof of completion of high school education. This program has a higher requirement for mathematics, so applicants should have a sound and solid foundation in mathematics at high-school level. Please refer to the Appendix 1 for reference. Applicants should also have a good command of the English language (written as well as spoken), though we don’t require an IELTS or TOEFL test. Any proof of English proficiency will be good addition to application.

Program Structure 

Coursework for Economics Specialization

Year 1: 

Calculus I/II 


Principles of Accounting

Linear Algebra


Year 2

Probability & Mathematical Statistics

Intermediate Microeconomics

Intermediate Macroeconomics


Game Theory

Public Economics

Monetary Economics

International Economics I

Economic History

Critical Thinking and Writing

Elective course

Year 3: 

Econometrics II

International Economics II

Mathematical Economics

Elective course

Year 4:  

Elective course

Internship & Thesis

Choose 5 courses from following list:

Year 3:  

Law and Economics

Political Economics

Industrial Economics

Information Economics

Ecological Economics

Development Economics

Labor Economics

Year 4:

Chinese Economy I

Coursework for Finance Specialization

Year 1: 

Calculus I/II


Principles of Accounting

Linear Algebra


Year 2

Probability & Mathematical Statistics

Intermediate Microeconomics

Intermediate Macroeconomics


Game Theory

Public Economics

Monetary Economics

International Economics I

Economic History

Critical Thinking and Writing

Elective course

Year 3: 

Econometrics II

International Economics II

Mathematical Economics

Elective course

Year 4:

Elective course

Internship & Thesis

Choose 5 courses from following list:

Year 3:

Financial Investment

Financial Economics

Risk Management

Corporate Finance

Management of Commercial Banking

Western Theory on Money & Finance

Year 4: 

International Settlements

International Financial Management

Elective courses:

Research Method 

Chinese Economy II

Advanced Topics in Microeconomics

Advanced Topics in Macroeconomics

Analysis of Public Policies

Principles of Management

Program Courses:

Sample Core Courses:

lCalculus I

This elementary course is designed for undergraduate students of school of economics. A course in single-variable calculus. This course covers limits, continuity, derivatives and their applications, definite and indefinite integrals, infinite sequences and series, and basic differential equations.

There are two main things we hope to accomplish:

1. Students will gain a fundamental understanding of single-variable calculus, beyond the level of rote calculation.

2. Students will learn how to apply calculus techniques to solve difficult problems.

lCalculus II

The student is assumed to be capable in the standard Calculus I topics of taking limits, continuity, taking derivatives of fairly complicated functions, using derivatives, calculating the definite integral for basic functions, integration by substitution and the standard applications of the definite integral. Students who are not fully prepared for this course should review the chain rule, the basic integral formulas and integration by substitution, trigonometric equations and polar coordinates.

lLinear Algebra

This course covers linear algebra and linear programming, emphasizing topics in economics which can be analyzed by linear models. A thorough grounding in linear algebra is highly desirable for economists. After successfully completing the course, students will have a good understanding of the linear algebra topics and their applications.


Microeconomics is an undergraduate course that introduces you to the fundamentals of microeconomics. We start this course from basic ideas of economics such as tradeoffs, opportunity costs and comparative advantages. We then explore the structure of markets by studying supply and demand, market equilibrium, elasticity, and government policies and analyze the market welfare of consumers and producers. Next, we examine how individual firms choose their production levels to maximize profits and the impact of different market structures on firms' behavior. In the final part of the course, we study some of the more advanced topics such as externalities and public goods.

lProbability and Mathematical Statistics

This course provides an excellent preparation for undergraduate students who are preparing for graduate study in statistics or statistically based areas such as econometrics, psychometrics, or biostatistics. It lays the essential mathematical basis for graduate-level courses in statistics or statistically based courses and many graduate programs from a variety of disciplines require or strongly recommend it for prospective. This courses also imparts to the student the important idea that real phenomena can be modeled stochastically using random variables/vectors and their distributions. These modeling aspects, which can be imparted through computer simulations, real experiments, and the use of historical data, should make the course very useful to students in the physical, engineering, biological and social sciences.


This course is to deliver students a useful introduction to macroeconomics. The course will present students the classic models for explaining the working of the economy as a whole. By the end of the course, the students should be able to describe a line of theories in macroeconomics, develop analytical techniques abstracted from several popular models to analyze macroeconomic phenomena, and discuss policy conclusions implied by them.

lEconomic History

This course introduces the comparative economic history of China and the West in the past millennium. The topics cover Malthusian trap, Voyages of Discovery, Columbian Exchange, Industrial Revolution, Needham Puzzle, and the long term effect of history, among others. The principal aim of the course is to cultivate the intellectual interests of students in studying history using economic tools.

lIntermediate Microeconomics

This course introduces the major topics of microeconomic analysis. Economics is the study of choice, i.e. decision making in a world of limited resources. The course intends to provide students with economic and analytical tools to understand: 

lhow consumers make choices, both with certainty and uncertainty; 

lhow firms take decisions, subject to technological constraints, and in relations to market structure and considering strategic interactions with other firms. 

In addition, a major purpose of the course is to describe how markets are organized both with symmetric and asymmetric information. The goal of the course is to develop an understanding of the mathematical structure of microeconomics. Concepts will be presented using graphical and algebraic analysis. We will rely extensively on calculus, a major mathematical tool of modern economics. As part of their training in the course, students should develop a facility with the use of calculus in economics

lIntermediate Macroeconomics

The course introduces key concepts, theories and models in Macroeconomics. It is intended for undergraduates who have successfully completed Macroeconomics and who are now ready to systematically study widely-used macroeconomic models in greater analytical detail. The course objective is to deepen our understanding of fundamental macroeconomic problems and appropriate policies in economic growth and business cycles.

lEconometrics I

Building on the fundamental mechanics of statistics and probability, Econometrics I familiarizes students with the empirical application of statistical principles to problems of measurement in economics. The course focuses on the intuition and application of statistical reasoning, the gathering and manipulation of economic data, and the use of econometric software STATA. The core of this course comprises Random Variables, Expectation Theory, Probability Distributions, Hypothesis Testing and the Two-Variable and Multi-Variable Linear Regression Model. 

lGame Theory

This course is an introduction to the theory of games, a set of tools used widely in economics to study situations in which decision-makers (consumers, firms, politicians, governments, etc.)  interact. The course introduces the basic theory, emphasizing the concepts. A variety of applications will be discussed, mostly in economics, but also in other disciplines.

lMonetary Economics

This is an introductory course in financial economics. It emphasizes the determination of asset prices, changes in the money supply, and economic responses towards risk.

lInternational Economics I

This course analyzes the causes and consequences of international trade. We will study why nations trade, what they trade, the role of firms in international trade, and who gains from trade. The first part of the semester will be devoted to acquire the skills to answer the questions above. Equipped with the tools of trade theory, we will then move on to analyze trade policy, the effects of trade on the labor market, and related topics like multinational production, and foreign direct investment.

lInternational Economics II

The course focuses on international finance, which is a basic course for students majored in economics. It is concerned with the monetary and macroeconomic relations between countries, and is constantly evolving subject that deals very much with real world issues such as balance of payments problems and policy, the causes of exchange-rate movements and the implications of macroeconomic linkages between economies. Through teaching, the aim is to let students grasp the basic theories and knowledge, by which they can explain various international phenomenon and understand various international finance policies, and build up a solid basis for their future job in economic or finance.

lLaw and Economics

This is a series of lectures to introduce the field of Law and Economics.
Law and economics is a sub-discipline of applied economics concerned with the study of the optimal institutional forms for the resolution of social problems. It is distinguished from other fields of comparative institutional analysis by its inclusion of the widest possible range of legal institutions (property, contract, hierarchy, firm, liability, standards, screening, policing). It is also distinguished by its peculiar mode of "empiricism": many of the field's theories are compared to existing laws and institutions in order to ascertain their predictive power. In sum, this course of lectures investigates the economic issues implied in the use of legal institutions (property rights, contracting, tort law, contract law, civil procedure, Crime).

lIndustrial Economics

Prerequisite: This course requires that you have completed intermediate microeconomics. Also, it assumes your knowledge of basic game theory, elementary calculus, and basic statistics.

This is a course intended for advanced undergraduate or master students interested in industrial organization. As such, it will be demanding.  

The main goal of this course is to provide students with a set of tools and knowledge that would enable them to critically read recent research papers and conduct their own original research in industrial organization.

lPublic Economics

Public economics studies the government and how its policies affect the economy. It considers how the choices of the government are made and how they can improve or hinder economic efficiency. Public economics also investigates the extent to which it is possible for the government to influence the distribution of income and wealth and whether this is desirable.

lFinancial Economics

Financial economics has been playing a more important role in the training of economic students than a decade ago.  This is due to the explosive development of derivative trading in capital markets.  Trillions of dollars of assets are traded daily in financial markets – derivatives like options, futures and more complicated CDOs (collateralized debt obligations), which serve the need of consumption and risk allocations.  In basic financial economics, we analyze problems of security pricing and portfolio selection which involve time and uncertainty.  It is essential for us to understand the classical methods to approach these problems.  This class will cover utility theory, Markowitz’ portfolio theory and Capital Asset Pricing Model in the first part, then binomial asset pricing model after that.  We will discuss the basic theory and classical results with an emphasis on their application to real world problems.

lFinancial Investments

This course will introduce you to major topics of the world of investments.  The study of investments is a field in which theory is rapidly transmitted to practice, as is often seen in finance industry.  Although there have been fast constant change in the investment industry due to newly designed securities, creation of trading strategies, and advances of theories coming out of academic community, some materials are so fundamental to the industry that they are not only intellectual properties of financial research but also of immense importance to sophisticated investors.  It is the goal of this course to help you become familiar with these theories.  The class will cover introduction to financial markets, portfolio theory, equilibrium in capital markets, market efficiency, and then we will focus on fixed-income securities and equity security analysis after that. 

lCorporate Finance

This course studies financial markets and corporate finance, emphasizing the basic knowledge of corporate governance and management. The course touches on all areas of corporate finance, including the corporate financing and investment policy, valuation of real and financial assets, theory and quantitative tool for investment decisions and risk management, IPO and MA. The course aims to draw heavily on empirical research to help guide managerial decisions. We will put emphasis on practical implementation. Expect numerous numerical examples.


A list of scholarships for prospective and current students can be found at


Highlights of the Program

As a top school in China, the undergraduate admission to Shandong University is very competitive, and more for economics majors. The best of them are then selected into this elite program. Moreover, the program is open to both Chinese and international students such that they can interact with each other on a regular basis for mutual benefits, in order to gain a deeper understanding of the Chinese and Western cultures, and build networks for future career success in a global economy.

Partner University

School of Economics at Shandong University (SDU-SE) is committed to international cooperation and has developed close relationships with a number of top international institutions. These relationships are multifaceted, involving research collaboration, visiting scholars, international conference, oversea study and exchanges, and student articulation (credit transfer) programs.


University of California, Berkeley

The Pennsylvania University

University of Wisconsin Madison

Johns Hopkins University

Duke University

Cornell University,

University of California, Santa Barbara 

Ohio University

University of Cincinnati
Middlebury Institute of Int'l Studies at Monterey


City University of Hong KongHong Kong
Lingnan University, Hong Kong
National Chengchi University, Taiwan
Feng Chia University, Taiwan

Chinese Culture University, Taiwan

National Taipei University
Kobe University, Japan
Nihon University, Japan

Wakayama University, Japan
Yamaguchi University, Japan
Chungnam National University, Korea


Durham University, Britain

University of York, Britain

University of Edinburgh, Britain
University of Aberdeen, Britain

Tilburg University, the Netherlands

Universiteit Maastricht, the Netherlands

University of Rennes 1, France

Université d'Angers, France

University of Luxembourg, Luxembourg
Università degli studi Roma Tre, Italy

Augsburg University of Applied Science, Germany


The University of Queensland, Australia


Registration Fee: 400 RMB           Tuition:26000 RMB/year

Medical Insurance: 800RMB/year

Online Application

“Online Application System” is available for prospective international students. Please enter www.apply.sdu.edu.cn for submitting application and tracking application status.

Contact Information

International Admission Office                Joy Han, Program Coordinator

Department of International Affairs             School of Economics

Email: admission@sdu.edu.cn                 Email: foreigneco@sdu.edu.cn

Tel: +86-(0)531 8836485                     Tel: +86-531-88369992

Website: http://en.sdu.edu.cn/ Website: http:// soe.sdu.edu.cn

Appendix 1: High School Mathematics

Basic Set Theory

 A. Definitions, fundamental relationships and simple calculations.

The Concept of functions and the properties of elementary functions

 A. Exponential functions, logarithm functions, power functions; their properties and their images.

Three-dimensional Geometry

 A. The axioms of Euclidean space.

Fundamental Analytic Geometry

 A. Cartesian Coordinates System;

 B. Equations and lines and circles.

Basic algorithm

 A. The logic structure of flow diagram.


 A. Random Sampling;

 B. Using the sample to estimate population;

 C. Linear regression functions (basic ideas).


 A. Knowing the difference between frequency and probability;

 B. Classical Probability Model;

 C. Calculations of the probability of the events.

Trigonometric functions

 A. Degree and radian;

 B. Function forms and images.

Two-dimensional Vectors

 A. The concept and linear combinations;

 B. The inner product of vectors.

 C. The trigonometrical transform.

Solving triangles

 A. Law of Sines;

 B. Law of Cosines.


 A. Arithmetic sequences and geometric sequences;

 B. Defining a sequence by recursion.


 A. Knowing how to solve the quadratic inequalities;

 B. Knowing the relationships between functions and inequalities through their images in a coordinate system;

 C. Simple linear programming problems.

Permutations and Combinations

 A. Binomial Theorem.

The concept of complex numbers