1 202 COLLEGE OF BUSINESS DEPARTMENT OF BANKING AND FINANCE Degrees Offered: B.B., E.M.B.A., M.B., Ph.D. Chair: Chiu, Chien-liang ( 邱 建 良 ) The Department The Department of Banking and Finance was established in 1965 as a section of the Department of Banking and Insurance. In 1974, the Department of Banking and Insurance was divided into two departments, the Department of Banking Management and the Department of Insurance. In 1988, the name of the Department was changed to the present one. The Department of Banking and Finance offers a Bachelor of Business degree. Students are required to take 112 required credits and 23 elective credits in order to qualify for graduation. The objective of the program is to improve students decision-making ability as bank managers, portfolio managers and financial managers. Our Master s Program of Money, Banking and Finance, established in 1986, offers a Master of Business degree. The program provides an education that is intensive and specialized within a limited functional area. It aims to improve students ability for effective decision-making, facilitate professional growth, and increase managerial ability. It will broaden their knowledge and understanding in the areas of economics, finance, banking, monetary policy and investment analysis. Faculty Professors Chiou, Jong-rong ( 邱 忠 榮 ); Lin, William T. ( 林 蒼 祥 ); Chiu, Chien-liang ( 邱 建 良 ); Huang, Ho-chuan ( 黃 河 泉 ); Nieh, Chien-chung ( 聶 建 中 ); Shiau, Fung-shyung ( 蕭 峯 雄 ); Lee, Ming-chih ( 李 命 志 ) ; Wang, Mei-hui ( 王 美 惠 ) ; Lin,Chien-tai( 林 千 代 ) Associate Professors Chen, Yu-lung ( 陳 玉 瓏 ); Chuang, Wu-jen ( 莊 武 仁 ); Hsu, Ching-chih ( 徐 靖 志 ); Liu, Shun-chieh ( 劉 順 傑 ); Ku, Kuang-ping ( 顧 廣 平 ); Lee, Wo-chiang ( 李 沃 牆 ); Duan, Chang-wen ( 段 昌 文 ); Cheng, Wan-hsiu ( 鄭 婉 秀 ) Assistant Professors Lin, Yun-yung ( 林 允 永 ); Lu, Cheung-sum ( 路 祥 琛 ); Yang, Sue-chin ( 楊 斯 琴 ); Wang, Ren-he ( 王 仁 和 ); Chen, Hung-kun ( 陳 鴻 崑 ) ; Lin, Chien-chih( 林 建 志 ); Hsieh, Tsung-yu ( 謝 宗 佑 ) Degree Requirements The Department of Banking and Finance offers one program at the undergraduate level (Bachelor of Business) and three programs at the graduate level (Master's and Ph.D.). The degree requirements for the programs are as follows: 1. Requirements for a Bachelor s degree in Banking and Finance: Completion of 141 credits of courses, including 112 credits of required courses and 29 credits of elective business and finance courses. 2. Requirements for an Executive Master's degree in Business Administration (EMBA): Completion of 42 credits of courses, including 30 credits of required courses and 12 credits of elective courses offered by the department. Students are also required to submit a written master's thesis completed under the supervision of a faculty member and pass an oral examination. 3. Requirements for a Master's degree in Banking and Finance: Completion of 38 credits of courses, including 27 credits of required courses and 11 credits of elective courses offered by the department.
2 COLLEGE OF BUSINESS 203 Students are also required to submit a written master's thesis completed under the supervision of a faculty member and pass an oral examination. 4. Requirements for a Ph.D. degree in Banking and Finance: Completion of 33 credits of courses, including 18 credits of required courses and 15 credits of elective courses offered by the department. Publication requirements before graduation: Students are advised to refer to the department for the requirements. Students are also required to submit a written doctoral dissertation completed under the supervision of a faculty member and pass an oral examination. Course Descriptions Undergraduate Courses B0071 Investments (2/2): Covering mainly investment in marketable securities, this course focuses on the investment environment and process. It includes the types of existing marketable securities and where and how they are bought and sold. It is also concerned with how an investor should proceed in making decisions about what marketable securities to invest in and when the investments should be made. B0124 Econometrics (3/0): This course is designed to familiarize students with why econometrics is necessary and to train them in using basic econometric tools. B0130 Intermediate Microeconomics (3/0): This course covers economic models, Short-run and Long-run distinction, tax incidence analysis, strategic equilibrium input demand, capital and the rate of return, and optimal resource allocation overtime. B0205 International Financial Management (3/0): This course deals with the international flow of funds and international financial markets, government influence on exchange rate, international arbitrage and interest rate parity, measurement exposure to exchange rate fluctuations and long-term financing, etc. B0263 Money and Banking (3/3): This course covers the nature and functions of money and finance, commercial banking, central banking, monetary theory, and international monetary relations. B0302 Economics (3/3): This course covers the art and science of economic analysis, some tools of economic analysis, market system, economic decision makers, elasticity of demand and supply, labor markets and labor unions, etc. B0373 Intermediate Macroeconomics (3/0): This course covers the self-adjusting economyclassical macroeconomic theory, business cycles and short-run macroeconomics--the essentials of the Keynesian system, and market failures versus perfect markets, etc. B0455 Futures Market (3/0): This course focuses on the issues regarding futures markets. Topics include pricing, hedging, speculating using commodity, stock index, and interest rate futures contracts. B0459 Options Market (0/2): This course covers the fundamental knowledge of option as a trading vehicle, the option markets, option trading strategies, option pricing models, and Greek sensitivity of option. B0512 Bond Market And Investments (2/0): The objective of this course is to provide coverage of the products, analytical techniques for valuing bonds and quantifying their exposure to changes in interest rates, and portfolio strategies for satisfying a client s needs. B0736 Financial Quantitative Methods (2/2): This course focuses on optimization: a special equilibrium analysis, optimum values and extreme values, extreme values of a function of optimization conditions, solving a first-order difference equation, and the Cobweb model.
3 204 COLLEGE OF BUSINESS B0759 Financial Institution Management (3/0): This course covers basic finance, calculus, statistics, and microeconomic theory as a prerequisite. M0264 Time Series (0/2): This course combines both theoretical and empirical applications with the intention to teach students how to collect financial data and employ the newly developed econometrics methodologies to fully investigate and analyze the dynamic relationships among real world variables. Basic econometrics concepts and computer operating skills are the prerequisites. B1093 Financial Innovation ( 3/0) : This course provides a basic overview of mathematical statistics and mathematical finance. It is designed as a required preparatory course for financial engineering. M0271 Financial Management (2/2): This course helps to bridge the gap between theory and techniques of the traditional financial management course and the application of those materials in the actual cases. M0517 Statistics (3/3): This course emphasizes applications and fundamental concepts of statistics as well as provides a practical orientation that teaches students how to identify the correct method, calculate the statistics, and properly interpret the results in the context of the question or decision at hand. Students will learn not only the algorithms and techniques used to solve related problems, but also the real-world applications that adopt these methods. Students are encouraged to utilize computers in every respect of this class. B0806 Accounting (3/3): This course offers an introduction to financial accounting, including a study of financial statements of business entities and the measurement and reporting of assets, liabilities, equity, revenues, expenses, and cash flows. Students will be exposed to the procedures and practices involved in recording and processing economic transactions in an accounting information system. S0325 Calculus (2/2): This course offers an introduction to financial accounting, including a study of financial statements of business entities and the measurement and reporting of assets, liabilities, equity, revenues, expenses, and cash flows. Students will be exposed to the procedures and practices involved in recording and processing economic transactions in an accounting information system. Master's Program B0066 Investment Policy and Analysis (0/3): This course covers conceptual and analytical frameworks for formulating investment policies, analyzing securities and constructing portfolio strategies for individuals and institutions. B0086 Financial Markets (0/3): This course aims to enhance students understanding of the wide range of instruments that are available in today s financial markets for financing, investing, and controlling risks. B0123 Econometrics (0/3): This course offers an introduction to econometric theory, parameter estimation for single and multiple equation systems, inference and hypothesis testing, and Monte Carlo studies. B0128 Microeconomics Analysis (0/3): This course aims to apply the tools of microeconomics theory to problems in industrial organization, decision-making by the rim, input-output analysis, estimations of economic relationships, evaluation of public projects and welfare economy. B0206 International Financial Theory (0/3): This course offers an examination of the theories of international monetary systems, balance of payments, adjustment of the theories of determinant of international coordination of macro policies, dynamic adjustments, and other special topics. B0262 Monetary Theory and Policy (0/3): This course covers theory and practice of monetary control, supply and demand functions for money, instruments of monetary control, and channels
4 COLLEGE OF BUSINESS 205 through which money exerts influence on the economy. B0340 Banking Theory (0/3): This course presents various theories of bank behavior from the perspective of the microeconomics theory of the firm. B0371 Macroeconomics Analysis (0/3): This course covers money and general equilibrium, consumption function, theoretical and empirical studies, investment function, liquidity preference and portfolio balance, and the theory of growth and economic fluctuation. B0377 Managerial Policy Analysis (0/2): This course covers management theory and applications of quantitative skills in managerial decision-making and its impact on corporate goals and policies. B0455 Futures Market (3/0): This course focuses on the issues regarding futures markets. Topics include pricing, hedging, and speculating using commodity, stock index, and interest rate futures contracts. B0459 Options Market (0/3): This course deals with the relationship between option prices, binomial pricing model, Black-Scholes option pricing model, Futures and forwards option contracts, index options, pricing corporate securities, and Exotic options, etc. B0460 The Theory of Investment (3/0): This course offers a comprehensive study of modern investment theory. Special topics of interest, especially those related to recent advances in the academics and practices, will be introduced and discussed. B0461 The Theory of Finance (3/0): This course presents an introduction to the six seminal theories upon which modern finance is founded: utility theory, state-preference theory, mean-variance theory and the CAPM, APT, option pricing theory, and the M-M theorems. B0508 Financial Engineering (3/0): This course introduces various tools in financial engineering and trains students in how to apply them in risk management and in financial problem solving. B0512 Bank Market and Investments (0/3): This course covers the products of the fixed income market, the risk associated with investing in fixed-income securities, and the fundamentals of valuation and the interest rate measurement. B0611 Applied Econometrics (0/3): This course is designed to help students understand the Autoregressive Integrated Moving Average Models, Vector Autoregression, Unit Roots, Cointegration and Error Correction Model, Generalized Method of Moments Estimator, Autoregressive Conditional Heteroscedasticity Models, Simulation Models, and Monte Carlo Studies B0696 Financial Institution Management (0/3): This course includes the following four parts: an introduction to financial services industry, sources of risk and return, how to measure risk and return, and how to manage risk and return. B0697 Corporate Financial Policy (3/0): This course is designed to help students understand the investment, financing, and dividend decisions under both perfect and imperfect capital markets. B0699 Interest Rate Derivatives (3/0): Topics of this course include: interest rates and duration, stock price behaviour models, the Black-Scholes Model, numerical procedures, extent ions of the theoretical framework for pricing derivatives, interest rate derivatives, and interest rate derivation. B0710 Macroeconomic Theory (3/0): This course covers the following: the So Low Growth Model, the Ramsey-Cass-Koopmans Model, the New Growth Theory, and the Overlapping Generations Model and Money. B1009 Financial Research Method (2/0): This is a course in introductory financial research methods. The aims of this course are: (1) to introduce to students empirical topics relevant to financial academics and practitioners; (2) to train students in implementing research ideas to
5 206 COLLEGE OF BUSINESS practice via econometric modeling and tools. M0483 Bank Management (0/3): This course covers policies and decisions of commercial bank managers on organization, personnel, credit, asset, liability and capital management within the legal, competitive and economic environment. S0425 Quantitative Methods ( 3/0 ) : Topics of this course include linear algebra, calculus, difference and differential equations, and linear and non-linear programming and operations research. Ph.D. Program B0411 Risk Management (3/0): This course is designed to overview the cutting-edge quantitative techniques for quantitative risk management or financial econometrics, e.g. multivariate value-at-risk estimation, credit risk modelling, and stochastic variance modelling. B0711 Seminar on Macroeconomic (0/3): Topics of this course include: The Real Exchange Rate and the Terms of Trade, Uncertainty and the International Financial Markets, Imperfections in International Capital Markets, Global Linkages and Economic Growth, Nominal Price Rigidities Empirical Facts and Basic Open-Economy Models, etc. B0712 Advanced Econometrics (3/0): This course is designed to help students understand the Optimization and Non-linear Regression Models, Non-parametric Estimations, Models for Panel Data, Models with Discrete Dependent Variables, Limited Dependent Variable and Duration Models, State Space Models, and the Kalman Filter Method. B0714 Seminar on Investment Theory (3/0): This course is designed to expose students to empirical investments in different topics. In most of the meetings, the instructor will lead a discussion of the materials, while the papers will be assigned to specific students who are responsible for presenting and leading discussions of the paper. B0715 Seminar on Microeconomic Theory (3/0): This course focuses on special topics of microeconomics, with attention paid to cost and profit, consumer behavior, uncertainty, game theories, and market structure. B0705 Advance Mathematic Finance (3/0): This is a course about advanced financial economics and financial modelling, which enables the students to apply the methods to research and analysis.