COLLEGE OF BUSINESS
Department of Banking and Finance
Degrees Offered:B.B, M.B.A, EMBA, Ph.D.
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Chair:Chiu, Chien-liang
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 the 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, portfolios managers and financial managers, after their graduation.
The Graduate Institute of Money, Banking and Finance, established in 1986, offers the degree of Master of Business. The M.B. has been developed to provide an education that is intensive and specialized within a limited functional area. The program will improve the students' capacity 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 ;Lin, William T. ;Hsieh, Wen-liang ; Huang, Ho-chuan
Associate Professors
Chen, Yu-lung ; Chiu, Chien-liang ; Chuang, Wu-jen ; Hsu, Ching-chih ; Lee, Ming-chih ; Liu, Shun-chieh ; Nieh, Chien-chung ; Wang , Mei-hui ; Ku, Kuang-ping
Assistant Professors
Lin, Yun-yung ; Lu, Cheung-sum ; Duan, Chang-wen ; Liu, Wei-han
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:
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Requirements for a Bachelor in Banking and Finance:
Successful completion of 141 credits of courses, including 112 credits of required courses and 29 credits of elective business and finance courses. - Requirements for an Executive Master's degree in Business Administration (EMBA):
Successful completion of 42 credits of courses, including 30 credits 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. - Requirements for a Master's in Banking and Finance:
Successful completion of 38 credits of courses, including 27 credits of required courses and 11credits 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. - Requirements for a degree of Ph.D. in Banking and Finance:
Successful completion of 33 credits of courses, including 18 credits required courses and 15 credits of elective courses offered by the department.
There is a publication requirement before graduation. Students have to refer to the department for the requirement. 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 marketable securities that exist 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) Econometrics is designed to give students an understanding of why econometrics is necessary, and to provide them a working ability with 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.
B0206 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 2008 markets and labor unions, etc.
B0373 Intermediate Macroeconomics (3/0) This course covers the self-adjusting economy-classical 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, and speculating using commodity, stock index, and interest rate futures contracts.
B0459 Options Market (0/2) Materials in this course cover fundamental understanding of option as a trading vehicle, the option markets, option trading strategies, option pricing models, and Greek sensitivity of option.
B0736 Financial Quantitative Methods (2/2) This course covers 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.
B0759 Financial Institution Management (3/0) Students should have some knowledge of basic finance, calculus, and statistics, and microeconomic theory is assumed.
B0760 Financial Data Analysis (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 the computer operating skills are the prerequisites.
B1093 Financial Innovation (3/0) This course gives basic overview of mathematical statistics and mathematical finance. This course can be regarded as a required preparatory course for financial engineering.
M0271 Financial Management (2/2) This course helps to bridge the gap between the theory and technique of the traditional financial management course and the application of those materials in the case course, etc.
Master's Program
B0066 Investment Policy and Analysis (0/3) This course covers conceptual and analytical frameworks for formulating investment policies, analyzing securities and construction of portfolio strategies for individuals and institutions.
B0086 Financial Markets (0/3) This course aims to enhance students' understanding of the wide range of instruments for financing, investing, and controlling risk that are available in today 's financial markets.
B0123 Econometric Methods (0/3) This course is an introduction to econometric theory, parameter estimation for single and multiple equation systems; inference and hypothesis testing; 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.
B0203 Theory of International Finance (0/3) The purpose of this course is two-fold: (1) to cover the foreign exchange rate determination and (2) to cover the open economy.
B0206 International Financial Theory (0/3) This course is an examination of the theories of international monetary system, 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 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.
B0368 Forecasting Methods (0/3) This course presents an applied approach to business forecasting primarily for the M.B.A. Regression, simulation and input-output techniques are covered. Practical experience is gained by conducting forecasting projects. Examples are drawn from finance and economics.
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 economic fluctuation.
B0377 Managerial Policy Analysis (0/2) This course covers the coverage of background in management theory and application 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 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 is a graduate-level course and 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 (0/3) 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.
B0512 Bank Market and Investments (0/3) 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 are covered in this course.
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, Monte Carlo Studies.
B0696 Financial Institution Management (0/3) This course is designed for a MBA audience. It includes the following four parts: introduction to financial services industry, sources of risk and return, how to measure risk and return, 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, Model of the behavior of Stock Prices, The Black-Scholes Model, Numerical Procedures, Extent ions of the theoretical framework for Pricing Derivatives, Interest rate derivatives, Interest rate derivation.
B0710 Macroeconomic Theory (3/0) This course covers the following: The So low Growth Model, The Ramsey-Cass-Koopmans Model, New Growth Theory, The Overlapping Generations Model and Money.
S0425 Mathematical Methods (3/0) Topics of this course include linear algebra, calculus, difference and differential equations, linear and nonlinear programming and operations research.
M0483 Bank Management (0/3) This course covers policies and decisions of commercial bank managers include organization, personnel, credit, asset, liability and capital management within the legal, competitive and economic environment.
Ph.D. Program
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 Nonlinear Regression Models, Non-parametric Estimations, Models for Panel Data, Models with Discrete Dependent Variables, Limited Dependent Variable and Duration Models, and State Space Models and Kalman Filter Method.
B0714 Seminar on Investment Theory (0/3) This course is designed to provide students with an exposure to empirical investments in different topics. For most of the meetings, the instructor will lead discussions of the materials. In most meetings, 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.
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 modeling, and stochastic variance modeling.
