Emrul Hasan

Lecturer

I am a lecturer at the VSE and Vantage College. Before joining UBC, I taught economics and finance courses at Simon Fraser University (SFU) and British Columbia Institute of Technology (BCIT). I did my PhD in Finance at the Beedie School of Business of SFU. I have an MA in Economics from SFU and an MA in Financial Economics from York University. I am also a CFA (Chartered Financial Analyst) charterholder and a certified FRM (Financial Risk Manager).

Before working in the education industry, I spent several years as an investment analyst and consultant at different investment banks, manufacturing firms, and think-tanks such as Fraser Institute and Asian Tiger Capital Partners Ltd. In these positions I worked on venture and private equity valuation, M&A, Macro Consulting, writing sector and industry reports.

I am originally from Bangladesh. During my free times, I play cricket at the British Columbia Mainland Cricket League (BCMCL). I spend a lot of time meeting and talking to my students regarding career and life planning. I love my job.

I am an active researcher working on capital gains taxes, asset pricing, behavioural finance and economics, IPO and SEO underpricing. My research philosophy, publications and working papers can be found here: emrulhassan.com/research

Select working papers

  • A Tax “Lock-in” Explanation for Significant Negative Issuance Date Returns in Seasoned Equity Offerings (SEOs)
  • Capital Gains Tax “Lock-in” Effect Due to Differential Tax Rates for Short-term and Long-term Holdings: Evidence from IPO Underpricing

We present a general equilibrium model to explain the drop in the price of a company’s shares when it conducts an SEO. Our model is based on the capital gain lock-in effect and how this effect changes when a company issues more shares. We show, based on the lockin model developed in Klein (1998), that the extent to which investors are locked-in is reduced when an SEO occurs. Since investors are less locked-in, the equilibrium price declines. We provide numerical examples to demonstrate our theoretical results.

[go to paper]

Winter 2019

ECON102 Principles of Macroeconomics Sections

Elements of theory and of Canadian policy and institutions concerning the economics of growth and business cycles, national income accounting, interest and exchange rates, money and banking, the balance of trade.

Winter 2019

ECON302 Intermediate Macroeconomic Analysis I Sections

Income and employment theory, monetary theory, the open economy, economic fluctuations and growth. Credit will be granted for only one of ECON 302, ECON 305, or ECON 309.

Winter 2019

ECON355 Introduction to International Trade Sections

The determinants of trade patterns, trade policy, tariff and non-tariff barriers to trade, political economy of protectionism, bilateral and multilateral trade disputes, trade liberalization, trade and development. Credit may be obtained for only one of ECON 355 and 455.

Winter 2019

ECON457 Seminar in International Economic Relations Sections

Selected topics focusing upon various issues arising in international economic relations. Open only to fourth-year students in the Major program in International Relations.

Winter 2019

ECON425 Introduction to Econometrics Sections

Theoretical and applied issues in statistics and econometrics. Statistical distributions, sampling theory, maximum likelihood methods of estimation and hypothesis testing, generalized least squares, measurement errors, non-normal errors, systems of equations, discrete-choice models, outliers, regression diagnostics, and model selection.

At UBC, I teach Econometrics, International Trade and Finance, Principles of Micro and Macroeconomics. I led diverse courses in Economics and Finance throughout my teaching career at different academic institutions. I believe these experiences added to the breadth of my knowledge consistent with what Joseph L. Rotman said “Breadth of knowledge is critical to developing high value decision-makers for today’s business world.” My teaching philosophy and the list of courses I taught can be found here: emrulhasan.com/teaching