I. Feature of This Discipline

    Upholding the development strategy of “multi-position competition and characteristic development”, Applied Economics has attained on the basis of audit platform the following distinguishing features:

    a) It stands out among colleges and universities nationwide for its integration of finance and audit, highlighting its contribution to national audit with features like financial audit and tax audit;

    b) It stands out among colleges and universities in Jiangsu Province for its integration of finance and government financial management, highlighting its contribution to government management with features like government budget management and performance appraisal;

    c) It integrates discipline construction and talent cultivation, highlighting the cultivation of special talents.

II. Advantages of This Discipline

    1) Applied Economics is a fundamental discipline for researches and talent cultivation of national audit. It aims to cultivate government audit talents. Since financial audit is the core of government audit, it receives great academic support from the discipline of finance.

    2) A large proportion of the teaching staff in this discipline have a comprehensive research ability both in theory and practice. Nearly half of them have the experience of taking a temporary position in China National Audit Office (CNAO) or its resident audit offices, which lays a solid foundation for national audit researches and policy consultation. They have become a major source of think tank for CNAO and local audit offices to formulate standards, guidance, research programs and policy consultation that are related to financial audit.

    3) Applied Economics is the provincial-level key sequence discipline with abundant resources. It has some significant achievements in recent years: 1 project financed by National Science Foundation of China, 1 project financed by National Social Science Fund, 8 projects financed by Ministry of Education, over 20 high-level academic papers (published in authoritative journals such as “Finance and Trade Economics”, “Public Finance Research”, “Taxation Research”, “Journal of Financial Research”, “China Industrial Economics”, “Auditing Research” and “Statistical Research”), and 10 academic monographs.

    4) This discipline provides support for the social economic development of Jiangsu Province and China. Compared with the similar disciplines in colleges and universities in Jiangsu Province, it has greater social significance and acts as a major source of think tank. The teaching staff of this discipline was involved in the modification of “The Budget Law of PRC”, which attracted attention from “China Financial and Economic News”. Their suggestions on how to properly handle the debt problem of local government and promote the sustainable financial development won the honor of Top 10 recommendations of Ministry of Finance. They presided over the preparation of the budget of 2014 Nanjing Youth Olympic Games. Their consultation report on promoting the reform of livelihood security got the vital instruction from Party Secretary of Jiangsu Province. Many of their consultation reports are adopted by Jiangsu Department of Finance, and some financial offices, audit offices, taxation offices in Nanjing, Zhenjiang and Yancheng.