In the new Finance Salon of the Faculty of Finance, City University of Macau, Professor Yonghong Zhou, Course Coordinator of Graduate Programme, was invited to share his latest working paper with the faculty and students, leading them to explore and understand the frontier research in political economy. Professor Zhou's research suggests that public events may influence individual behavioral decisions, such as those made by young people when choosing a major. Specifically, his study based on regional census data from 2011 and 2016 uses Cohort DID to examine differences in young people's major choices before and after public events. As a global business center, business-related subjects are well accepted and preferred by local students. However, his study has shown that public events stimulate young people's interest in non-business subjects such as humanities, social behavior, life sciences, health and law, and this effect varies significantly in language, family income and gender of young people. Assistant Professor Lamont Yu discussed the paper and made suggestions in terms of contribution, transmission mechanism, endogenous resolution, and possible directions of expansion. The lively atmosphere, active participation and discussion made this Finance Salon a great success.
The Finance Salon of Faculty of Finance, City University of Macau, is a platform for exchanging academic ideas and enhancing academic awareness. With finance and economics as the main line, the Faculty invites senior experts in academia and finance to conduct research in frontier fields and share the development trend of the industry, so as to bring new academic experiences and thinking modes to the teachers and students of the Faculty. Through such activities as Finance Salon, the Faculty hopes to provide a better academic platform for graduate students and encourage further exploration and research of academic issues between teachers and students.