- PUBLIC FINANCE
In the context of an increasingly developed and complex global economy, understanding and effectively managing public finance has become a crucial factor for the sustainable development of each country. Below is basic information about the Public Finance major compiled by studyinchina.io
Introduction to the Major
The term "finance" may seem unfamiliar, but in reality, it is closely intertwined with our daily lives. When going to school or work, you might have to pay tens of thousands for a taxi ride, but why do buses and subways only cost a few thousand? When installing elevators in old apartment buildings, do residents have to bear the entire cost themselves? When getting a COVID-19 vaccine, individuals don't pay, so who covered the cost of purchasing the vaccines? To understand these phenomena, the Public Finance major can help you find the answers.
Yang Yan, a famous financial manager of the Tang Dynasty, once said: "Finance is the foundation of a nation." The English classical economist Adam Smith also believed: "Finance is the mother of all policies; where there is policy, there must be finance, and finance is the resource for policy." Finance is a public matter of great importance and a critical factor for a nation, affecting people's livelihoods and the country's prosperity. So, what does the Public Finance major study?
According to Professor Wen Laicheng, the Public Finance major primarily studies the distribution patterns of national income with the government as the main actor, along with corresponding financial policies, financial systems, and laws. This major aims to train personnel for financial-economic management work in financial and tax authorities, Party and government agencies; to train instructors and financial-economic researchers for research institutes and universities; as well as to provide human resources for financial-tax service management in auditing firms, enterprises, and social organizations.
Training Objectives
This major requires students to master quantitative analysis skills, economic theory, as well as fundamental knowledge of finance and taxation. Simultaneously, students need to understand and apply fiscal-tax policies and related analytical tools, with particular emphasis on the ability to apply economic theoretical models and quantitative methods to solve practical problems.
Additionally, the major also focuses on related economic-management fields, providing a more comprehensive knowledge foundation for students' future career development. The major also emphasizes English communication skills and encourages students to participate in scientific research projects.
Graduation Requirements
Students in this major will be trained in basic knowledge in the fields of economics, finance, taxation, state asset management, and accounting. Upon completing the program, students need to meet the following requirements:
- Master the basic theories of economics, public finance, taxation, and accounting; receive systematic training in scientific thinking and practical skills.
- Acquire professional knowledge and skills in finance, state budgeting, public asset management; master practical calculation and application skills in taxation, possess capabilities in tax auditing, tax consultation, and tax planning, and have the ability to serve local economic development.
- Possess the ability to apply professional knowledge to identify, analyze, and solve problems, along with practical and innovative capabilities within the major.
- Understand policies and regulations related to public finance and taxation.
- Grasp the development trends and demands of the finance-taxation industry.
- Have the ability to search for literature, conduct scientific research, and perform practical work in the field.
- Be proficient in empirical analysis, normative analysis, statistical analysis, and case analysis methods, as well as the use of information technology in the field of finance.
Main Courses
- Ethical Thought and Law
- Basic Principles of Marxism-Leninism
- Mao Zedong Thought and the Theory of Socialism with Chinese Characteristics
- Modern and Contemporary Chinese History
- Politics and Current Affairs
- Political Ideology Course Practice
- Advanced Mathematics B (I)
- Advanced Mathematics B (II)
- Linear Algebra B
- Probability and Statistics B
- Mathematics Practice
- College English (I)
- College English (II)
- College English (III)
- Physical Education (I-IV)
- Military Theory
- Military Training
- General Computer Science
- Database and Applications
- C Programming
- C++ Programming
- Java Programming
- Psychological Education
- Career Planning
- Employment Guidance
- Statistics
- Overview of China's International Trade
- Introduction to Economics
- Microeconomics
- Macroeconomics
- Commercial Banking
- Accounting
- Operations Research
- Investment (Bilingual)
- International Finance
- Multivariate Statistical Analysis
- Corporate Finance (Bilingual)
- Public Finance
- Investment Banking
- Econometrics
- Insurance Theory and Practice
- Financial English
- Technical Analysis of Securities Investment
- Financial Engineering
- Central Banking
- Financial Law
- Financial Analysis
- International Settlement
- Internet Finance
- Finance Seminar
- Matlab and Financial Computing
- Game Theory
- Financial Mathematics
- Fixed Income Securities
- Risk Management
- Financial Intermediation
- Stochastic Processes
- Trust and Financial Leasing Management
- Actuarial Science
- Financial Enterprise Accounting
- Behavioral Finance
- Cognition Internship
- Professional Internship
- Comprehensive Financial Simulation Internship (VBSE)
- Graduation Thesis
- Entrepreneurship Basics
- KAB Student Entrepreneurship Course
Research Directions of the Public Finance Major
- Public Financial Management: Studies the operational mechanisms and management of state finance.
- Tax Policy and Reform: Optimizes the tax system and related policies.
- Local Finance and Regional Development: The role of finance in regional economic development.
- Fiscal Policy and Macroeconomic Regulation: The impact of fiscal policy on the economy.
- Social Security and Public Expenditure: The effectiveness of public expenditure on social welfare.
Degree
Graduates of the Public Finance major are awarded a Bachelor of Economics degree.
Career Prospects
Students can work in the following fields:
- Civil servants in financial and tax authorities
- Accounting, Auditing
- Banking, Securities
- Corporate Finance Specialists
- Instructors, Financial-Economic Researchers
Related Jobs
Graduates of the Public Finance major can undertake the following jobs:
- Government Civil Servant
- Accountant / Auditor
- Financial Assistant
- Institutional Staff
- Company Employee
- Audit Specialist / Audit Assistant
- Self-employment
- Bank Accountant / Teller
Similar Majors
- Economics
- National Economic Management
- Public Finance
- Taxation
- Finance
- Investment
- Credit Management
- Financial Engineering
- Insurance
- International Economics and Trade
- Commercial Economics
- Statistics
Ranking of Universities Offering Public Finance Major
- Peking University
- Renmin University of China
- Central University of Finance and Economics
- Shanghai University of Finance and Economics
- Fudan University
- Nankai University
- Shandong University
- Xiamen University
- Southwestern University of Finance and Economics
- Zhejiang University
- University of International Business and Economics
- Xi'an Jiaotong University
- Zhongnan University of Economics and Law
- Hunan University
- Dongbei University of Finance and Economics
- Wuhan University
- Nanjing University
- Jilin University
- Jinan University
- Liaoning University
- Sichuan University
- Zhejiang University of Finance and Economics
- Huazhong University of Science and Technology
- Capital University of Economics and Business
- Nanjing Audit University
- Jiangxi University of Finance and Economics
- Nanjing University of Finance and Economics
- Shandong University of Finance and Economics
- Anhui University
- Tianjin University of Finance and Economics
Assessment of the Public Finance Major
The Public Finance major is an important field within economics, focusing on studying how the government mobilizes and utilizes financial resources to carry out state functions and duties.
This major not only provides knowledge of financial theory but also equips students with analytical and problem-solving skills for financial issues in the public sector.
Suitable Candidates for the Public Finance Major
The Public Finance major is suitable for individuals with:
- Analytical and Logical Thinking Skills: The ability to analyze financial data and situations, along with logical thinking, is crucial for solving complex financial problems.
- Communication and Teamwork Skills: In the public sector environment, effective communication and teamwork are necessary for coordinating with other departments and conveying information clearly.
- Sense of Responsibility and Legal Compliance: The Public Finance field requires honesty, responsibility, and adherence to laws and regulations related to state finance and budgeting.
- Interest and Understanding of Economics and Finance: A passion and deep understanding of economics and finance will help students easily absorb knowledge and apply it in practice.
The above is compiled information about the Public Finance major. Quickly visit the Major Search section to learn more about study programs in China!
