Industrial Economics (020205)

Program Introduction

As one of the branches of economics, applied economics is typically characterized by the application of economic theory and econometrics to address practical issues in a range of fields. The process often involves a reduction in the level of abstraction of the core of economic theories and on the other hand a supplement of details in the real world. By applying a variety of approaches including quantitative method, case studies, historical analogy and so on, it seeks a reasonable interpretation and inference of the tendency of the real world to solve the practical economic issues.

As a subordinate discipline of applied economics, industrial economics takes the “market and firms” as a research object. It considers corporate behavior from the perspective of markets, and meanwhile looks at the market structure from the standpoint of firms.The main line behind the development of this subject is the market relations among firms of the same industry, as well as the structure and coordination within a single firm.

Based on the microeconomics, the subject places more emphasis on practical applications, but it has built a set of its unique theories and methods in its development process, which makes it become a more theoretical subject. Enjoying distinct features and outstanding advantages over the research of energy economy and policy, this discipline plays an important role in China’s energy field, with a series of prominent achievements having been made. The China University of Petroleum obtained a qualification to award a master degree in Industrial Economics in 2003, and student recruitment began in 2004.

Presently, there are 12 academic staffs in this department, including seven professors and five associate professors. Through longtime unremitting efforts, we have accumulated extensive experience in discipline construction and students cultivation. Our graduates have shown strong professional competence and prominent performance in their fields.


The ultimate goal of this program is to cultivate high-level applied economics talents with firm political direction, excellent moral character, strong patriotism, rigorous scholarship, physical and mental health, noble pursuit of a career, as well as a strong sense of responsibility so as to contribute to national economic development. Graduates of this major are required to be qualified for economic analysis, administration, researching, or teaching positions in the administrative departments of all-level governments, large enterprises, various economic and financial consulting firms, banks, and financial institutions, economic research organizations, together with some universities.

To achieve this goal, students are required to:

  1. Master sound fundamental theories in economics;
  2. Get a systematic knowledge of the main theories and approaches in one research direction of industrial economics;
  3. Be able to put what they’ve learned into practical analysis and the settlement of economic issues;
  4. Get familiar with literature documents and research development of the discipline;
  5. Master one foreign language;
  6. Improve the ability to write a thesis in a foreign language.

Research Areas

  1. Energy Industry and Regional Economy
  2. Energy Economics and Policy
  3. Analysis of International Energy Industry
  4. Industrial Organization and Policy

Program Length

Two to Three years and the maximum time conform to relative rules of the university.


Total credits≥34.

Compulsory Course
Public Basic Courses
  • Chinese Language
  • Introduction to China
Subject Frontier
  • Academic Activities
  • Selective Reading of Foreign Literature at the Front Edge
Major Compulsory Courses
  • Applied Statistical Methods
  • Advanced Econometrics
  • Intermediate Microeconomics
  • Intermediate Macroeconomics
  • Industrial Organization
  • Regional Economics
  • Game Theory and Information Economics
  • Energy Economics
  • Investment
  • Project Session: Regional Economic Cooperation and Development
  • Resource and Environmental Economics
  • Energy Market Analysis
  • Energy Trade and Cooperation
  • Corporate Finance
  • International Finance
  • Energy Finance
Elective Courses
  • Monetary Finance
  • International Petroleum Economics
  • Energy Strategy and Policy
  • Natural Gas Economics
  • Economic Law
  • Enterprise Tax Planning
  • Project Financing
  • Financial Engineering
  • Risk Management and Insurance
  • Financial Statement Analysis
  • Statistical Software Training
  • Takeovers, Restructuring, and Corporate Governance
Required Procedure
  • Literature Review and Thesis Proposal

Note: Students are able to choose elective courses in other programs according to supervisor advice.

  1. All the compulsory courses that students don’t select, as well as the courses set for other majors, are available for students to take as elective courses;
  2. Students are required to take at least eight academic lectures, and reports and the mentors are obliged to exam relevant reports. This item is explained in details in the academic activities part;
  3. The mentor will select at least 20 fundamental foreign documents according to research needs for their students to read at the first semester. And students need to write a literature review according to the documents, which will be scored by the mentor at the end of the second semester.


1. Literature Review and Thesis Proposal

The topics chosen for thesis proposal should be within the scope of the discipline. Main contents of the proposal are composed of the background, significance, and basis of the topic; current status and trends of relevant study home and abroad; research objects and contents; technological methods to be employed and the feasibility analysis; a forecast of key technologies and difficulties; and the research process in details. Students are required to read at least 30 articles before the proposal, among which at least ten should be written in foreign languages, and write a literature review (at least 6,000 words) in accordance with the format set by the graduate school and business school. The literature review will be evaluated by the proposal review group during the thesis proposal.

The student’s mentor along with 2-4 teachers of the same or similar research field constitute the review group, the opinions of whom serve as the references for the mentor to score the students’ proposal and literature review. The hundred percentage point system is used in scoring, with 70 percent as the passing grade. For those failed to pass the proposal, the mentor will decide whether to terminate their training or allow them to do the proposal again, which is required to be completed in a month. And if the proposal at the second time still fails to pass, the school will terminate their training.

2. Dissertation Defense

Relevant arrangements should conform to the rules set by the graduate school. And for industrial economics students, there are some specific requirements:

(1) Concerning the dissertation, the master degree candidates are required to choose the research topic under the guidance of their mentors, get a comprehensive and systematic master of their topics, and make innovation in some way. Characters of the paper should be about 30,000.

(2) As for the defense at the last semester, the students must first get the allowance of their mentors to hand in their dissertations. Then the one in charge of the major will organize the defense, during which process suggestions on amendment should be raised, and proposal status should be reviewed. To meet the requirements for the development of the discipline, the percentage of students, whose dissertation will be sent for concealed evaluation, must be at least 30%.

Academic Activities

During their study at the China University of Petroleum, postgraduate students are required to take at least eight academic lectures and submit a written report containing mainly two parts: (1) A brief summary of all the academic activities; (2) A detailed analysis and conclusion of the lectures, as well as subjective comments. The report delivered should contain 3000-5000 characters. The mentor will be in charge of the assessment of academic activities which must be completed before dissertation defense. An academic report at an academic meeting made by the student can offset five lectures.


The conduct of degree-granting must conform to items of the rule set by the graduate school. For this major, some specific requirements are also outlined: the premise for master degree candidates to apply for a degree is that he must have released at least one thesis on newspapers or magazines, with his name marked the first author or the second author following his mentor. Mentors are required to guarantee the quality of the thesis strictly. For those failing to release an article before the defense, the students are allowed to make it within a year.

Program taught in:
  • English

See 7 more programs offered by China University of Petroleum »

This course is Campus based
Start Date
Sep 2019
3 years
31,000 CNY
By locations
By date
Start Date
Sep 2019
End Date
Application deadline

Sep 2019

Application deadline
End Date