Center for Economic Research (CER) was founded in June of 2001 on the basis of expansion from the Research Institute of Shandong University by combining the teaching staff and the academic structure. It is a scientific research and talents-cultivating organization directly under Shandong University. Professor Huang Shao-an is elected to the director. In 2003, CER was entitled to the authorization of doctorate for political economy, and in 2005, won the authorization of doctorate for the whole No. 1 theoretical economics as well as financial and mathematical economics. CER also accepts the part-time students who apply for the master’s degree. The following is the introduction to its predominant studies:
Ⅰ.Institutional Economics.In this field, CER studies the comparison of new institutional economics and old institutional economics, property rights, firm and corporate governance, law and economics and its application as well as the transition of China economic system. CER not only comparatively earlier gives courses such as property rights, institutional economics and law and economics, etc. in China, but also has cultivated many excellent students in this direction. CER also has a stable and strengthened research team. Professor Huang Shao-an and professor Sheng Hong are the persons taking the lead in academic research, and professor Wei Jian is the younger one who takes the lead. The team is composed of over ten PhDs members, Li Zenggang and Tang Shaoxin are also the key members, to name a few. Professor Huang studies property rights and new institutional economics, especially the research of basic theory of property-rights economics. His monograph,Introduction to Property Rights Economics(1995), is the first book which studies the basic theory of property-rights economics in China with high quality. He also makes an comparative study of new institutional economics and Marxist economics earlier in China, studies the capital market and social institutional change of China, and provides some new hypothesis. So far, he has published 4 academic papers in Social Science in China, and 15 papers in Journal of Economics Research. He also wins Excellent Youth Teacher Prize (2001), Sun yefang Economics Prize (2005) and China Countryside Development Prize (2005), etc. Professor Sheng Hong comparatively earlier translates some masterpieces in institutional economics and makes great achievements in institutional economics and transitional economics. He has published 9 academic papers in Journal of Economics Research, and his monograph,Division and Transactiongives significant influences on the study of institutional economics in China. Professor Wei Jian studies property rights, law and economics and capital market. He has publishes 1 academic paper in Social Sciences in China, 1 paper in Journal of Economic Research and tens of papers in other journals.
CER edits one publishing academic Journal,Research of Institutional Economics(Quarterly).
Ⅱ. Finance.This field studies finance theory, mathematical finance and financial engineering, financial institution, enterprise growth and investment, etc. This field also has a young work team full of potentials. Professor Chen Zengjing makes a great deal of achievements in financial mathematics as well as its applications in finance and economics. His article,Ambiguity, risk and returns in continuous timewas published onEconometricain 2002. Professor Sun Tianqi studies the theory and practice of financial industry, and also makes outstanding achievements. Professor Wang Jinli studies finance theory and institution, finance comparison across the Taiwan straits. Professor Wang Xinqun studies fine insurance calculations and econometrics. He has published over 60 academic papers on important publications, such as Journal of Statistics Research, etc. PhD. Xu Xiaoman, PhD. Wang Fengrong and PhD. Xiao Hongsheng are also the key members.
