2015年湖南大学经济管理研究中心
研究生复试笔试复习大纲
经济管理研究中心2015年进行自命题招生复试，复试包括以下6个科目：
考试科目代码     名称
F2901          劳动经济学
F2902          健康经济学
F2903          产业组织学
F2904          运输经济学
F2905          发展经济学
F2906          金融学
以上所有复试科目均为英语命题，考生可选择英文或中文作答，参加中心复试的考生（包括调剂考生）复习大纲及参考资料公布如下：
Ⅰ. 申报复试专业课笔试科目为F2901-F2905方向，共一套试题。
ⅰ.Outline:
1.    The basic principles of demand and supply
2.    Consumption theory, income effect and substitution effect.
3.    Production theory: production function, cost function, and profit maximization.
4.    Market structure: perfect competition, monopoly, monopolistic competition and oligopoly.
5.    Game theory
6.    Asymmetric information
7.    Externality and public goods
8.    Government intervention
9.    General equilibrium, economic efficiency, and economic welfare.
10.    Labor demand: where does it come from?
11.    Labor demand elasticity
12.    Labor supply: what determines it?
13.    Human capital and education
14.    Migration
15.    Discrimination in the labor market
16.    Union
17.    Unemployment
18.    Properties of OLS estimator
19.    t-test, F-test
20.    Dummy variable
21.    How to solve the problems of heteroskadesticity, collinearity, and autocorrelation?
22.    Simultaneous equation system

a). R. G. Ehrenberg and R. S. Smith, Modern Labor Economics—Theory and Public Policy, any edition, Addison Wesley.
b). Introductory Econometrics: A Modern Approach, by Jeffrey M. Wooldridge, 任何一个版本均可.本书只需学习1-8章内容。
c) .Microeconomics, by Robert Pindyck and Daniel Rubinfeld,任何一个版本均可。
d) .Microeconomic Theory: Basic Principles and Extensions, by Walter Nichoson,任何一个版本均可.

Ⅱ. 申报复试专业课笔试科目为F2906金融学方向，共一套试题。
ⅰ.Outline:
Corporate Finance:
1.    Three basic types of business organizations and their characteristics (Sole Proprietorship, Partnership and Corporation), Limited liability
2.    Capital budget (investment) Decision and Financing Decision
3.    Present Value (PV), discount factor and Future value (Simple interest and Compound interest)
4.    PV of multiple cash flows: Perpetuities and annuities, effective annual rates (annual compounded rate) and APR
5.    Real interest and Nominal interest
6.    Present Value of a bond, Yield to maturity
7.    Dividend Discount Model
8.    Plowback Ratio, Payout Ratio, Sustainable Growth Rate
9.    Investment Criteria: NPV, Payback Period, Internal Rate of Return (IRR)
10.    Return, measure of risk--variance and standard deviation, Risk premium
11.    Portfolio return and STD
12.    Market risk and unique risk, Diversification
13.    Beta, Portfolio Beta
14.    Market Risk premium
15.    CAPM, security market line
16.    Weighted Average Cost of Capital (WACC)
17.    MM proposition I, II;
18.    Debt Ratio, Equity Ratio, Debt-Equity Ratio, Leverage, financial risk
19.    Capital Structure and Corporate Taxes, PV tax shields, Annual tax shield
20.    Costs of financial distress, Trade-off Theory
21.    Value of levered firm = value if all equity financed (unlevered) + PV tax shield – PV financial distress
22.    Pecking Order Theory
23.    Cash dividend and stock dividend, Stock split, Stock repurchase
24.    Balancing item, Percentage of sales models
25.    Required external financing, Internal Financing
26.    Internal growth rate, Sustainable growth rate

Investments:
1.    The difference between real assets and financial assets
2.    The risk-return trade-off
3.    Characteristics of common stock
4.    Buying on margin and short sales
5.    Risk and risk premium
6.    Asset allocation across risky and risk-free portfolios
7.    Passive strategies and the capital market line
8.    Efficient diversification: the optimal risky portfolio with a risk-free asset, the efficient frontier of risky assets, choosing the optimal risky portfolio,  the preferred complete portfolio and the separation property
9.    The Capital Asset Pricing Model:  The risk premium of market portfolio, the security market line, the index model, realized returns, and the mean-Beta equation
10.    The efficient market hypothesis
11.    Bond characteristics: the difference between Treasury bonds and corporate bonds
12.    Bond pricing and bond yields
13.    Bond prices over time
14.    Interest rate sensitivity of bond price
15.    The difference between call option and put option
a) Fundamentals of Corporate Finance, by Richard A. Brealey, Stewart Myers and Alan Marcus, 7th ed., McGraw-Hill.
b) Essentials of Investments, by Zvi Bodie, Alex Kane, and Alan Marcus, 9th ed., McGraw-Hill.
报考经济研究所，即F2901-F2905复试方向的考生，进入中心后的最终学习方向将根据经济研究所培养方向计划及学生兴趣进行调整。报考金融所方向，即F2906方向的考生不参与此项调整。如有问题请致电中心行政办公室：0731-88684822。