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- Seminar by Overseas Scholar Professor Matthew D. Shapiro NEW
- Seminar by Overseas Scholar Professor Matthew D. Shapiro On April 25, 2024, the Department of Economics and the BK21 Educational Research Group at Sungkyunkwan University (led by Director Kim Sung Hyun) invited overseas scholar Professor Matthew D. Shapiro to give a special lecture at the Economics Thursday Seminar. Professor Matthew D. Shapiro from the University of Michigan conducted a seminar on the topic "Using Machine Learning to Construct Hedonic Price Indices," which was attended by around 30 faculty members and graduate students from the Department of Economics. In this seminar, Professor Shapiro lectured on the methodology of developing price indices that reflect the prices and demand of goods in real-time using machine learning. By estimating the Hedonic price index using product transactions and characteristics, it was demonstrated that traditional price indices tend to overestimate inflation on average and underestimate productivity and real output growth. This suggests that changes in inflation composition and measurement errors in sales may have influenced inflation in recent cases, such as supply chain issues due to COVID-19. The Department of Economics and the BK21 Educational Research Group strive to build a global academic networking platform by inviting overseas scholars conducting cutting-edge research in various fields through their weekly Tuesday and Thursday seminar series. In addition to this effort, to achieve the vision of nurturing global creative talents with interdisciplinary knowledge capable of providing innovative solutions to complex issues in the Korean economy, they invite numerous domestic scholars to conduct seminars. They also facilitate free question and answer sessions after the seminars to foster academic motivation among graduate students.
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- 작성일 2024-04-30
- 조회수 44
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- Professor Ryu Doojin, the Department of Economics, Successful Lecture by Prominent Overseas Scholars in the WAVE Course NEW
- Professor Ryu Doojin, the Department of Economics, Successful Lecture by Prominent Overseas Scholars in the WAVE Course With support from the Office of Academic Affairs (Director Baesanghoon), a successful WAVE course special lecture by Professor Ryu Doojin from the Department of Economics was held in a hybrid format, combining on-site and online sessions, at the Live Virtual Studio in the Management Building on April 16th (Tuesday) at 6 p.m. Professor Jens Müller-Merbach from Frankfurt University of Applied Sciences delivered the on-site lecture, while Professor Robert Webb from the University of Virginia participated in the online session, leading a Q&A session with the students. Following Professor Webb's lecture on financial markets, discussions were held on the students' papers on Defi (Decentralized Finance) and Cefi (Crypto Finance). Alexander Webb, a New York Times columnist and bestselling author on Amazon, lectured on academic and practical writing in the finance field. Students are currently writing essays based on the content they learned in this WAVE course on Financial Economics. Professor Webb, drawing from his experience of serving as Editor-in-Chief for 24 years at the prestigious SSCI journal, the Journal of Futures Markets, assists students in submitting their international SSCI academic papers. Professor Müller-Merbach will provide guidance on writing term papers focusing on Financial Industry and Market Practice, leveraging his knowledge and experience in financial practice. Alexander Webb, the writer, advises on topic selection, writing, and contributions. On May 21st, Professor Webb and Professor Maria Kim from the University of Wollongong in Australia will visit our university for a second lecture and interaction with students. Based on drafts written during the course, students will proceed with follow-up research for global dissemination at the SKKU Global Finance Research Center (headed by Director Ryu Doojin, head of the Economics Institute). Immediately after the conclusion of the WAVE course, leveraging this, the International Office plans to visit Australia through the SKKU BA-DIVE (Bonding and Dive-In) program to promote academic exchange and the dissemination of international collaborative research outcomes between SKKU undergraduate students and overseas researchers.
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- 작성일 2024-04-30
- 조회수 41
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- The Successful Inauguration Ceremony of the 13th Student Mentoring Program by the Economics Alumni Association
- On April 8th, at 6 p.m., the Economics Alumni held the inauguration ceremony for the 13th Student Mentoring Program at Economics Building. The event was attended by distinguished guests including Dean Kim Seonghyun, Student Affairs Officer Lee Junsang, and Department Chair Kim Hyeoncheol, as well as faculty members of the Economics College. Min Byungseon, President of the Economics Alumni Association, Mentorship Committee Chair Kim Giyeon, and Vice Chair Kim Hakgyun also attended the program. They delivered welcoming and encouraging speeches to commence the ceremony. In his words of encouragement, Min Byungseon, President of the Economics Alumni Association, expressed gratitude to Dean Kim Seonghyun, several professors, and fellow alumni mentors for taking the time out of their busy schedules to attend. He also stated plans to continuously expand mentoring events to help more students with career development and job placement. Furthermore, despite their busy schedules, over 30 senior alumni from the Economics College who have excelled in professions such as lawyers, tax professionals at prominent domestic financial institutions like the Bank of Korea, leading domestic corporations like Samsung Electronics, and law and tax firms, attended the event to establish mentor-mentee relationships with their juniors. They engaged closely with their juniors, sharing candid discussions about career paths, aptitude, and employment prospects. This event was conducted successfully, fostering meaningful connections and discussions among participants. Especially, this event featured a diverse and enriching mentoring program like never before, including awards for contributions, outstanding mentoring activities, excellent mentorship, mentor-mentee commitments, and mentoring pledges, followed by relay special lectures on the theme of 'Career Perspectives! What Will You Do?' by distinguished alumni mentors such as Jung Nae-gwon (Class of Economics '73, Board Member of Ban Ki-moon Foundation), Isa Baek (Class of Economics '08, Lawyer), and Han Jin-soo (Class of Global Economics '17, Bank of Korea). They candidly shared their firsthand professional experiences and life insights with junior mentees, aiming to provide guidance on how to wisely navigate aptitude and career choices. Their presentations received great enthusiasm and applause from the many attending mentee students. Dean Kim Seonghyun stated on this day, 'We will continue our efforts to expand opportunities for our Economics College students to participate not only in mentoring events like today but also in various forms of networking and career development programs with outstanding senior alumni who are actively engaged in various industries. Our goal is to provide practical assistance to more of our Economics College students in their employment and career paths.'
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- 작성일 2024-04-12
- 조회수 123
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- [Department of Economics] 2024 Spring Graduate School Fair
- On April 3rd, at 3 p.m., the Department of Economics held the Spring 2024 Graduate School Fair in Room 32211 of Dasan Economics Building. This event was aimed at students aspiring to pursue graduate studies in the Department of Economics. Under the guidance of the graduate student council of the Department of Economics, explanations regarding admissions, academic programs, scholarships, and career paths after graduation were provided. Following this, there was a time allocated for discussions with current graduate students in the Department of Economics. Conversations included topics such as motivations for pursuing graduate studies, highlights of the graduate school experience, and Q&A sessions about university life. This provided an opportunity for attendees to gain detailed and practical insights into life in graduate school. 8 undergrauates and master's students participated, engaging in intimate conversations with current graduates, which provided instights into graduate school life. Following the event, there was a consultation session with the Department of Economics chairperson, providing an opportunity to interact with professors and concluding the event.
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- 작성일 2024-04-12
- 조회수 111
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- [Alumni] Viewing the World through Civil Law - Interview with Lawyer Oh Soo-hyun
- We form various relationships with people, objects, and situations as we live our lives. Whether it's buying food, borrowing money from friends, or searching for a place to live, we engage in diverse relationships. All the rights and obligations arising from these relationships are governed by civil law. Let's follow along with the author's stories about civil law, which are closely intertwined with our daily lives. Oh Soo-hyun, an alumnus of Sungkyunkwan University, graduated from the undergraduate program in Global Economics (Class of '11) and the Graduate School of Law (Class of 7) and currently works as a lawyer at JaeYul Law Firm while also serving as a civil law lecturer. He has long dreamed of writing a civil law book that serves as a humanities and general knowledge book among various law exam guides and practical books. With this aspiration, after three years of work, he was able to publish 'The Easiest Civil Law Book in South Korea. Q. "The book 'The Easiest Civil Law Book in South Korea' received the Brunch Book Award and garnered enthusiastic love. Was there a particular reason or motivation behind your decision to write a book about civil law?" A. "When I first entered Sungkyunkwan University Law School as part of the 7th intake, I spent a considerable amount of time in confusion. I found it difficult to adapt to legal studies as an exam preparation subject. I voluntarily took a leave of absence and took some time off. During this period of wandering and searching, I often pondered why I had failed in legal studies. Thanks to this time, I had the opportunity to carefully digest thick textbooks and solidify my understanding of the basics of civil law while grasping the framework of law studies." As I reflect on my wandering journey, I realize that by providing insights and fostering interest in law, more juniors could adapt well to legal studies. In the realm of law exams, like all tests, there is a tendency to focus on exceptional cases. While these cases are crucial for passing exams, I find it regrettable that many students seem to overlook the bigger picture of law. Motivated by this realization, I have authored "The Easiest Guide to Civil Law in South Korea." Q. Were there any regrets or difficulties during the writing process? A. The focal point of writing the book was to make it "easy to understand." In reality, there were many important legal precedents that couldn't all be included despite their significance in real-life situations. However, it's commonly said that the hardest part of writing is cutting down content. So, I had to let go of my ambitions and trim down the content to make this book possible. The first draft was completed in 8 months and it was nearly 800 pages long. Instead of expanding the volume, I condensed it, focusing on conveying the stories I really wanted to tell. As I wasn't writing a specialized textbook, my aim was to present easy and engaging civil law narratives. Q. As law, by its nature, can be prone to confusion with its vocabulary and concepts, do you have any personal strategies? A. I can offer two specific strategies. Firstly, "Get familiar with Hanja interpretations." When studying law, you encounter numerous Hanja words. It's essential to develop the ability to interpret Hanja characters and understand their definitions in a one-to-one correspondence. Knowing Hanja can greatly aid in comprehending legal terms. Secondly, "Don't randomly underline or dissect definitions or sentences." With the vast amount of legal content, test-takers often summarize and condense it continuously. While this is necessary due to the volume, it can be challenging for students to grasp accurately if other important aspects are overlooked. I'm not saying underlining and summarizing are bad practices. They are necessary tasks due to the volume, but what I want to emphasize is even the parts without underlining should be thoroughly read. Students often forget essential premises (such as "in cases of," "at the time of"). Initially, I would underline everything with a pencil. Then, I would gradually erase and only underline with a pen the truly crucial parts. Yes, in the end, it boils down to reading everything. I want to convey the message of not just continuously focusing on what you think is important. Q. What do you think is the most distinguishing feature between other branches of law and civil law? A. As I wrote in the book, civil law deals with relationships, so it's crucial to grasp the key elements of personal relationships and study accordingly. Try drawing relationship diagrams with circles, straight lines, and squares to clearly visualize them. For more details, I hope you'll find them in my book. Q. What kind of student were you during your time at Sungkyunkwan University? A. I was a self-proclaimed academic enthusiast, albeit a bit embarrassed to admit it. I enjoyed studying humanities and spending hours in the library exploring various fields. My enrollment in Sungkyunkwan University's Global Economics program allowed me to delve deeply into foundational subjects during my freshman year, which greatly influenced me. I was so passionate about learning that I even formed study groups with fellow economics doctoral students. I spent the first two years at Sungkyunkwan University and completed the remaining two years at Indiana University, obtaining a dual degree. I believe I was a diligent student with a high academic curiosity. Many students are currently engaging in extracurricular activities, but I strongly recommend experiencing studying abroad. I would summarize my undergraduate experience with the keywords "academic" and "international experience." Rather than focusing on clubs or societies, I concentrated on building my own academic foundation, which I believe greatly contributed to my success. I also challenged myself by broadening my perspectives, changing environments, reading research papers, and exploring various literary works and authors to accumulate diverse experiences and knowledge. Q. When faced with the dilemma of in-depth reading versus skimming, what do you prioritize? A. I faced a similar dilemma myself. In my case, I prioritized in-depth reading over skimming. However, I later realized the importance of skimming and pondered how I could manage to skim within a limited time frame. My conclusion was to "utilize audiobooks." I've been practicing this method for six years, utilizing spare time to listen to books that I wouldn't typically read. There's scientific evidence supporting the effectiveness of auditory reading, so if you find yourself reading slowly or lacking time for skimming, I recommend giving it a try. Q. What advice would you give to fellow students who are considering publishing their first book? A. I would advise them to make good use of platforms. Nowadays, there are many well-established platforms for individuals aspiring to become authors or publishers. Platforms like Brunch Story and Changjak's Weather allow you to steadily write and notify subscribers. The advantage of writing on such platforms is that you can objectively evaluate the practical competitiveness of your writing. No matter how high-quality your writing is, it may be challenging to publish if you don't gain subscribers and views. However, as you gradually attract subscribers who objectively appreciate your writing, publishing houses may contact you and seek collaborations. By doing so, you can move one step closer to realizing your dream as an author. Personally, I never gave up on my dream of becoming a writer since childhood. During my military service, I decided to give it a try, starting with Brunch Story, and eventually ended up publishing my first book. Q. Finally, could you please share a few words with Sungkyunkwan University students? A. I believe that university is a place where you can gain as much as you put in effort. Schools genuinely make a lot of efforts to support students more than you might think. I hope you take full advantage of the various benefits provided by the university. Having an active and proactive attitude towards utilizing Sungkyunkwan University and not missing out on such opportunities is crucial. Keep knocking on the doors of professors or administrative offices; something will eventually come out of it. As the saying goes, "give an extra piece to a crying baby," I sincerely look forward to your bright future and wholeheartedly support you. *Original Text of the interview 성균관대학교 People 게시판읽기(민법으로 바라보는 세상 이야기 - 오수현 변호사 인터뷰) *The Brunch Story of Oh Soo-hyun https://brunch.co.kr/brunchbook/ndclawyer1
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- 작성일 2024-04-09
- 조회수 133
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- Joint Seminar Held by Keio University in Japan and SKKU Global Economics Department
- Joint Seminar Held by Keio University in Japan and SKKU Global Economics Department In January, students from our Global Economics Department visited Keio University in Tokyo, Japan, to participate in an international academic conference. This conference, organized jointly by our university and Keio University, was a Research Symposium where students from both countries had the opportunity to build international networks and discuss topics related to economics. The annual international academic conference held by our university aims to expand the international exchange network between economics major students from Korea and Japan and to share understanding of global economic issues. A total of 12 students from our university participated, 8 students from Keio University also attended. Each student presented their research topic and engaged in discussions to provide feedback on each other's research. Students have been preparing for this international academic conference since last October, including preparing presentations and writing short papers. Through feedback from professors, including the department chair, they conducted in-depth learning of analytical methodologies learned in the curriculum to apply them to real-world economic analysis. Participation in such international academic conferences is expected to expand the interest in economics research and exchange networks for both SKKU and Keio students. One student who participated in the conference said, "As I hope to pursue graduate studies, participating in the academic conference and conducting research and presenting in English in front of many people gave me a taste of graduate school life in advance." They added, "Through preparing for this symposium, I had the opportunity to think about what research I would like to pursue in graduate school and what direction I should take in my research. Another student mentioned, "Keio students presented many topics that were different from those presented by Korean students." They added, "Topics such as soft power and the shipping industry, which Korean students may not have shown interest in, were also covered, so through this exchange, it seems that we were able to broaden our perspectives." In the future, the Global Economics Department plans to continue organizing research symposiums to broaden students' perspectives and provide opportunities for academic achievement at the undergraduate level. *The Presentation Topics from SKKU - The Effect of Internet Reviews on the Demand of Experience Goods: Case of Korean Movie Industry - Effect of Geopolitical Risk on US Gas Market: with Structural Break Analysis - Time Series and Cross Sectional Momentum in the Cryptocurrency Market: A Comprehensive Analysis under Realistic Assumptions - Dynamic Liquidation Strategy for Large Quantity of Stock using Reinforcement Learning - The effect of aging on the current account
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- 작성일 2024-04-09
- 조회수 101
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- 2024 academic year, 1st semester Statistics Department Graduate School Symposium
- The Department of Statistics at the School of Economics held the Graduate School Symposium for the 1st semester of the 2024 academic year on April 1st, in room 32211 of Dasan Economics Building. The event was held for students aspiring to enter the graduate program in the Department of Statistics. It was led by Professor Kim Jae-jik, Head of the Department of Statistics, who provided explanations on admissions, academic regulations, career paths after graduation, and other related topics. Following this, there was a mentoring session with Kwun Nam-taek, a master's degree graduate, and Park Seo-young, a doctoral degree graduate from the Department of Statistics, providing students with valuable information and assistance. This event had the highest attendance of the Department of Statistics Graduate School Symposium. A total of 35 undergraduate students participated to design their career paths and gain insights through mentoring sessions with graduates. They also engaged in active exchange through asking insightful questions.
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- 작성일 2024-04-04
- 조회수 131
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- Orientation for Freshmen of Global Economics Department in the Year 2024
- The Department of Global Economics at the College of Economics held an Orientation for freshmen from February 27th to 29th, at the Hwaseong Welli Hilli Park Resort. This event was organized for incoming freshmen and current students and was mainly planned by the 16th Student Council of the Department of Global Economics at Sungkyunkwan University, "pa:GE". The event, mainly organized by President Jung Yoon-sung and Vice President Kim Han-sol of the Department of Global Economics Student Council, was graced by the presence of Department Chairperson Choi Jae-sung. The gathering featured various programs such as group presentations by freshmen, recreational activities, fostering camaraderie, sharing information, and facilitating exchange among participants.
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- 작성일 2024-04-02
- 조회수 122
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- [Research] Honored with the Excellence award at the 37th Economics Paper Contest hosted by Maeil Business Newspaper
- On April 13, 2023, In-wook Jeong(Advisor: Jaesung Choi), an alumnus of the Department of Quantitative Applied Economics at Sungkyunkwan University, was honored with the Excellence Award at the 37th Maeil Business Newspaper Economics Paper Contest held at Maegyeong Media Center in Jung-gu, Seoul. He conducted a study under the topic “Evaluation of the Employment Type Disclosure Policy on the Employment of Non-regular Workers.” For this research, He analyzed the effectiveness of the employment type disclosure system introduced in 2014 to reduce employment of non-regular workers. According to his paper, he analyzed the business report of korean listed companies provided by the FN DataGuide, and the disclosure system data of employment type in Korea provided by the Ministry of Employment and Labor's Worknet website. As a result, it was concluded that the effect of the disclosure system for employment type on non-regular employment for the entire sample was not significant.
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- 작성일 2024-03-27
- 조회수 204