Doctor of Economics, majoring in Finance


The program is designed for students interested in pursuing advanced study and conducting original research in Statistics. Graduates are equipped with an understanding of modern statistic theories and are able to conduct research on frontier issues in the field of statistics independently. Graduates are suitable candidates for teaching and research in academia or for responsible positions in government, research organizations, or multinational companies in China or around the world.

Program duration: 4 years full-time study
Teaching language: English
Program commencement: Fall semester
Tuition fees: RMB 55,000 per year, RMB 165,000 in total
Application fee: 400RMB

Entry Requirements

  • Applicants must be non-Chinese citizens generally under the age of 50 at the time of applying, be in good health, and possess a valid passport.
  • Applicants should hold a recognized master's degree or above.
  • Applicants should present a TOEFL certificate with a score of 80 or above, or an IELTS certificate with a score of 6.0 or above, or other certificate of English proficiency from an accredited test. Native English speakers are exempt from this requirement. Applicants who have taken courses in English during their master's degree or bachelor's degree studies should provide a medium-of-instruction certificate.
  • The ability to demonstrate relevant professional experience will be given individual consideration.

Program Structure


General Courses
(4 credits)

Selected Issues on China

Chinese I

Foundation Core Courses
(24 credits)

Advanced Econometrics I

Advanced Macroeconomics I

Advanced Microeconomics I

Introductory Mathematical Economics

Advanced Econometrics II

Advanced Macroeconomics II

Advanced Microeconomics II

Mathematical Economics

Major Core Courses
(9 credits)
Literature Review and Thesis Writing &
One of Stream I, II

Literature Review and Thesis Writing

Asset pricing I: Discrete-time

Stream I

Asset pricing II: Continuous-time Models

Financial Economics

Stream II

Fixed Income Analysis

Select one of the three

Derivatives Analysis: Algorithm Trading with Theory and Practice

Corporate Finance

Elective Courses
(15 credits)

Other graduate level non-discipline core courses from WISE and SOE

Summer Short Courses (3 credits)

Summer short courses from WISE and SOE

Seminar / Internship
(2 credits)

Academic Seminars/ Internship

Teaching Practice (4 credits)

Teaching Assistant for Undergraduate Programs or Graduate Programs

Mid-term Assessment (1 credit)

Students are required to
(1) pass all and obtain an average grade of 75 or above for the eight Foundation Core Courses
(2) obtain at least 36 credits. (3) pass the 'Research Proposal Evaluation.

Research Paper Evaluation (3rd year)
Mock Viva (4th year Fall semester)
Thesis Defense (4th year Spring semester)

Thesis Research
(The doctoral thesis must be written in English. An abstract in both English and Chinese must be provided.)

Typical Program Course Schedule

First Year

Fall Semester

Spring Semester

Summer Semester

Selected Issues on China
Chinese I
Adv. Econometrics I
Adv. Macroeconomics I
Adv. Microeconomics I
Introductory Mathematical Economics

Adv. Econometrics II
Mathematical Economics
Adv. Macroeconomics II
Adv. Microeconomics II

Summer Short Course 1

Second Year

Fall Semester

Spring Semester

Summer Semester

Stream I

Asset pricing I: Discrete-time*

Asset pricing II: Continuous-time Models*

Summer Short Course 2
Summer Short Course 3

Stream II

Financial Econometrics*

Fixed Income Analysis*

Derivatives Analysis: Algorithm Trading with Theory and Practice*

Corporate Finance*

Literature Review and Thesis Writing

Research Proposal Evaluation

Choose either Time Series Analysis (I)* and Time Series Analysis (II)*, or Micro-econometrics* and Applied micro econometrics*, or Applied Nonparametric Econometrics* and Financial Econometrics*

Third Year

Fall Semester Spring Semester Summer Semester
Teaching Practice
Teaching Practice
Research Paper Evaluation

Fourth Year

Fall Semester Spring Semester Summer Semester
Mock Viva Thesis Defense  

Contact information

Tel.: +86(0)592-2189805
Address: N106 Economics Building, Xiamen University, Xiamen, Fujian, P.R. China 361005