Jeff Seungmo Hong
Associate Professor
Business Management
EMAIL: shong@bmcc.cuny.edu
Office: F-730L
Office Hours:
Phone: +1 (212) 220-8388
Dr. Hong is an expert in statistics, quantitative methods, probability and stochastic processes, macro finance, international economics, financial engineering, finance and banking, applied mathematics, and computing and technology. He holds a PhD in Economics from Fordham University and an M.A. in International Studies from the University of Denver.
Besides serving as referee for Comparative Economics Studies in 2014, Dr. Hong has also served as reviewer on Business Administration Panel for PSC-CUNY University Committee on Research Grants (UCRA) since 2012.
Expertise
Statistics, Scientific reasoning, Scientific Literacy , Quantitative Reasoning, Quantitative Methods, Probability and Stochastic Processes, Probability & Statistics, Probability, Management, Macro Finance, Machine Learning, International Finance, International Economics, Financial Engineering, Finance and Banking , Differential Equations, Computing and Technology, Computer Programming, Applied Statistics, Applied Mathematics
Degrees
- Ph.D. Fordham University, Economics,2000
- M.A. Univeristy of Denver, International Studies,1994
- M.A. Hankuk University of Foreign Studies, Linguistics,1988
- B.A. Hankuk Univeristy of Foreign Studies, Liberal Arts (French),1983
Courses Taught
- This course surveys business and industry in the United States with global growth strategy. Emphasis is placed on building Communication and Quantitative skills, including Excel spreadsheets, and an Ethical Foundation. The course introduces students to concepts in Management, Organizational Structure, Human Resources, Marketing, International Business, Finance, Computer Information Systems, Accounting, and Economics, and encourages students to explore career paths. Required of all Business majors.
Course Syllabus - A survey of the fundamental quantitative concepts and tools used in the field of business is presented in this course. Topics in the course include annuities, present value, compound interest, markup and markdown, graphing, equations, inventory, depreciation, breakeven cost, revenue, elasticity, inequalities, and certain aspects of linear-programming.
Prerequisite: MAT 150, MAT 200 or MAT 206 (for Business students only)
Course Syllabus - This course is designed to develop the student?s ability to make decisions as a manager. Cases are used to present the student with a variety of management problems. Students participate in oral and written case analysis which requires identification of the problem, proposal of alternative solutions to it, and the choice of one solution based on criteria of profitability and productivity. Students also participate in a management simulation game.
Prerequisite: BUS 210
Course Syllabus - This course is intended primarily for those students who intend to pursue professional careers in fields such as economics, finance, management, and administration. It is also open to highly motivated students in other areas. Topics include: national income and national product; saving, consumption, investment, the multiplier theory, fiscal policy, inflation, employment and business cycles. The student will also be acquainted with money, banking, and central bank monetary policies, as well as some of the more significant theories of international trade and economic development.
- This course is an introduction to the topics of microeconomics, which include market supply and demand, theories of the firm and individual behavior, competition and monopoly, externalities, public goods, and income distribution. Students will learn ways to analyze the basic economic activities of consumption and production, and how to evaluate the allocation of resources and products achieved through markets. The role of government policy in addressing markets failures will be emphasized throughout the course, with special focus on contemporary economic problems.
- This course provides an introduction to the fundamental economic concepts of production, consumption and price determination, as developed by economists over the last two centuries for understanding market economies. The class introduces students to the role of markets and economic policy in our contemporary global economy at the individual and societal level. The topics to be explored in the course span the areas of economics and economic history, and may include the banking system, social insurance programs, international trade, market regulations, the role of unions, and the federal budget. The student will come away with a broad understanding of economic issues, methods, ideas, and history.
- International trade, capital movements and foreign exchange markets lay the basis for global economic analyses and policy debates. Balance of payments problems include liquidity and growth, exchange rate systems, and tendencies for internal and external balance. Applied areas range from international financial institutions to issues of economic integration and development. Other topics involve history of the International Monetary Fund, World Bank, Euro Zone and Emerging Markets. Prerequisites: ECO 100 or ECO 201 or ECO 202
- This course focuses on the three general areas of 1) money and financial institutions, 2) business financial management, and 3) investments. These areas are surveyed by covering such topics as value and creation of money, the Federal Reserve System, commercial banks, short and medium term financing, and the behavior of securities markets in relation to financing the business enterprise.
Prerequisites: MAT 051 or exemption from Elementary Algebra.
Course Syllabus - This course surveys principles and practices followed in the financial organization and operation of a corporation. Also considered are the financing of new and growing businesses, sources of capital, banking, and credit accommodations as well as the handling of other financial matters.
Prerequisites: FNB 100, ACC 122
Course Syllabus - This course is an analysis of the organization and operation of our financial system, including money and capital markets, commercial banking, and other financial institutions such as commercial finance companies. The relationship between financial and economic activity including monetary and fiscal policy is demonstrated.
Prerequisite: FNB 100 or ECO 100 or ECO 201 or ECO 202
Course Syllabus - The principles and practices of investments are analyzed during this course. Students learn to recognize the quantitative and qualitative tests used in judging security values. Attention is given to the legal and financial characteristics of various types of investment securities. Personal portfolio problems and policies are considered in terms of objectives and investment decisions.Prerequisites: FNB 100, ACC 122
Course Syllabus - The marketing system is described, analyzed and evaluated, including methods, policies, and institutions involved in the distribution of goods from producer to consumer. Emphasis is placed on the means of improving efficiency and lowering distribution costs.
Course Syllabus - This course covers basic algebraic and trigonometric skills, algebraic equations, and functions. Topics include: mathematical induction, complex numbers, and the binomial theorem.
Prerequisite: MAT 56 or MAT 56.5
Course Syllabus - This is a Liberal Arts elective course. It will focus on the general steps in the problem-solving process and the use of problem-solving strategies espoused by Polya, et al. Problems will include non-routine exercises taken from mathematics journals and competitions, and famous problems from the history of mathematics. Prerequisites: MAT 012 or MAT 051, if needed; also MAT 056
- This course covers statistical concepts and techniques with applications. Topics include probability, random variables, the binomial distribution, the hyper-geometric distribution, measures of central tendency, the normal distribution, precision and confidence intervals, sample design and computer projects.
Prerequisite: MAT 206 or MAT 206.5
Course Syllabus - This is an integrated course in analytic geometry and calculus, applied to functions of a single variable. It covers a study of rectangular coordinates in the plane, equations of conic sections, functions, limits, continuity, related rates, differentiation of algebraic and transcendental functions, Rolle's Theorem, the Mean Value Theorem, maxima and minima, and integration.
Prerequisite: MAT 206 or MAT 206.5
Course Syllabus - This course covers matrices, determinants, systems of linear equations, vector spaces, eigenvalues and eigenvectors, Boolean algebra, switching circuits, Boolean functions, minimal forms, Karnaugh maps.
Prerequisite: MAT 302, or permission of the department
Course Syllabus
Research and Projects
- Agency Problem and Moral Hazard in the Current Financial Crisis
Publications
- “Rise of the Sharing Economy and the Future of the Travel & Tourism Industry”, Journal of Hotel and Business Management, Vol 7, Issue 2, September 2018
- “Excel Workbook for use with Practical Business Math Procedures 9e” (ISBN 987-0-07-327854-4),McGraw-Hill
- “Business Math with Excel to accompany Operational Mathematics for Business” (ISBN 1426626630),Thomson
- “Factor Analysis of Post-WWII U.S. Foreign Policy”, International Area Review Vol.7, No.2 ,HUFS
- “Double Deficits, Inflation, Interest rate and the Economy” Weekly Korea Monitor, Vol. 3, Issue 20 ,Weekly Korea Monitor, Washington DC
- “U.S. Economy – Current Outlook” ,Joongang Daily News, New York, NY
- “Global Economic Outlook 2006”, Weekly Korea Monitor, Vol. 3, Issue 24,Weekly Korea Monitor, Washington DC
- “Economic Outlook 2006”,, Korea Times, New York, NY
- “Recent Stock Market Snap” Weekly Korea Monitor, Vol. 4, Issue 32,Weekly Korea Monitor, Washington DC
- “Facts and Myths about Rumors of September Financial Crisis in South Korea and the Current State of the U.S. Economy”, Weekly Korea Monitor, Vol. 5, Issue 36, ,Weekly Korea Monitor, Washington DC
- “Financial Intelligence as ASSETS program”, CCNCE Journal ,CCNCE
- Excel Workbook for use with Practical Business Math Procedures 10e (ISBN 987-0-07-327854-4),McGraw-Hill
- “Neo-liberalism and Structural Limitations to the Monetary Economy”, Weekly Korea Monitor, Vol. 8, Issue 1,Weekly Korea Monitor, Washington DC
- “History of US Immigration”, Weekly Korea Monitor, Vol. 7, Issue 18,Weekly Korea Monitor, Washington DC
- Finance – Theory & Application (ISBN: 0077627695),McGraw-Hill
- Second Ammendment and Gun Control, Weekly Korea Monitor, Vol. 10, Issue 14,Weekly Korea Monitor, Washington DC
- “Is There Bubble in the Stock Market Now?”, Weekly Korea Monitor Vol. 10 Issue 23,Weekly Korea Monitor, Washington DC
Honors, Awards and Affiliations
- Journal Referee – Comparative Economic Studies, Palgrave McMillanReviewed manuscripsts for publication in the Comparative Economic Studies, Palgrave McMillan, 2014
- Dean’s Scholar
- 03/’80~02/’81: Hankuk University of Foreign StudiesDean’s Scholar
- Dean’s Scholar
- 03/’86~’02/’87: Hankuk University of Foreign Studies
- 09/’96~05/’00: Presidential Scholar, Fordham UniversityPresidential Scholar
- College Fed Challenge JudgeServed as a judge at NY FRB College Fed Challenge 11/05/2013.
- Business Administration Panel for the PSC-CUNY University Committee on Research Grants (UCRA)Served on the Business Administration Panel for the PSC-CUNY University Committee on Research Grants (UCRA) during the 2014 – 2017 period.
Additional Information
Computer Skills
- Econometric/ Statistical S/W’s: Gauss, SAS, Eviews, SYSTAT, MAPLE IV: S+
- Other S/W’s: Word, Excel, Access, Power point, Lotus, D-Base, HTML
