FIRST SEMESTER
Course objectives: The main objective of this course is to equip students with the knowledge of Islamic Economics, financial and banking system. Students will be able to gather the practical knowledge of fast-growing Islamic banking system which will help us to develop the required manpower needed for the industry.
Course contents: Foundation of Islamic economics, Islamic microeconomics, Islamic macroeconomics, Islamic financial system, Islamic banking around the world and in Bangladesh. Foundation and development of Islamic banking, concepts, objectives, and basic features of Islamic banking, funding an Islamic bank and mobilizing deposits, modes of investment of Islamic banks,projects financing criteria of Islamic banks,problems and prospects of Islamic banking, central banking in an Islamic framework.
Textbook: Islamic Economics: Principles and Analysis byAdam Abdullah, Mohamed Aslam Haneef, Mustafa Omar Mohammed and MoutazAbojeib
Reference book:Islamic Banking: An Introduction and Overview by M. Kabir Hassan and Mervyn K. Lewis
Course objectives: The objective of this course is to provide students with a framework for analyzing a firm’s past performance, estimating its future performance and valuing its equity. The course integrates key concepts from accounting, finance, economics and business strategy and applies them to financial decision-making.
Course contents: Overview of financial statement: business analysis and its types, component of business analysis, financial statements, links between financial statement, comparative FSA, common-size FSA, ratio analysis, equity analysis, cash flow analysis, prospective analysis with details, credit analysis and its components, return on invested capital, operating activity and liquidity analysis.
Textbook: Financial Statement Analysis by K. R. Subramanyam and John J. Wild
Reference book: Financial Statement Analysis and Security Valuation by Stephen H Penman
Course objectives: This course provides an inclusive combination of the theory, methods and concerns of corporate finance. The primary objective is to provide the framework, concepts and tools for analyzing corporate level decisions and strategies based on the principles of modern financial theory. The approach of this advanced finance course is rigorous and analytical.
Course contents: Payout policy and capital structure, mergers and other forms of corporate restructuring, convertibles and warrants, risk and managerial options in capital budgeting, capital investment decisions, long term financing, discounted cash flow techniques, valuation of financial institutions and risk management.
Textbook: Fundamentals of Corporate Financeby Bradford D. Jordan, Randolph W.Westerfield and Stephen Ross
Reference book: The Theory of Corporate Finance by Jean Tirole
Course objectives: The objective of this course is to make students acquainted with insurance and risk management which is the evaluation and quantification of the likelihood and financial impact of unanticipated events that may occur in individual and business organizations that need settlement by the insurer. This course covers the basic idea of functioning of insurance as a risk management tool.
Course contents: Risk and its management, risk identification and measurement, pooling arrangement and diversification, risk aversion and risk management by individuals and corporations, insurability of risk, contractual provision and legal doctrines, risk management and shareholder wealth, risk retention and reduction decision, analytical tools used in corporate risk, alternative risk transfer.
Textbooks
1. Principles of Risk Management and Insurance by George E. Rejda
2. Insurance Principles and Practice by M.N. Mishra and S. B Mishra
3. Risk Management and Insurance by Scott E. Harringtonand Gregory R. Neihaus
Reference books
1. Insurance Business and Finance, Chartered Insurance Institute TextBook
2. Elements of Actuarial Science by K. C. Mishra and C.S. Kumar
Course objectives: This course is one of the major courses to educate the students with the essentials of capital creation, investment management, and primary and secondary market making. The students are expected to learn how securities are placed in the market, role of investment bankers in issue management, as well as corporate restructuring and corporate advisory.
Course contents: Introduction to investment banking, difference between merchant banking and investment banking, major functions of investment bankers and broad array of activities of investment bankers such as primary market making, venture capital, financial engineering, IPO: shelf registration; details of rights offer: the use of rights issue, issue terms and related problems; underwriting methods, role of underwriters to manage and market a new issue, book building process, types of underwriters, significance of underwriting, private placement, offer price determination, firm valuation models, technical analysis and investment choices, analysis of offer documents, overview of present industry practice.
Textbooks:Investment Banking: Valuation, Leveraged Buyouts, andMergers and Acquisitions by Joshua Pearl and Joshua Rosenbaum
Reference book:The Business of Investment Banking: A Comprehensive Overview by K. Thomas Liaw
SECOND SEMESTER
Course objectives: The objective of this course is to provide an understanding of the purposes and functions of central banks and the challenges they confront. A major discussion of this course is on monetary policy. The course considers the instruments available to the monetary authorities to achieve the aims and assesses the relative merits of the approaches to the implementation of monetary policy.
Course contents: Brief overview of central banking history, international monetary system, modern central banking rules and functions, modern central banking mandates, theoretical foundation of the practice of modern monetary policy, monetary policy regimes, monetary policy implementation, monetary policy transmission mechanism, monetary policy statement preparation and publication, theoretical foundation of financial stability, monitoring and identifying the risks of financial instability and intervention tools for ex-ante and ex-post financial instability, guidelines on risk based capital adequacy, central bank independence and transparency.
Textbook: Theory and Practice in Sustaining Monetary and Financial Stability by ThammarakMoenjak
Reference books
1. The Economics of Money, Banking, and Financial Market by Fredric S. Mishkin
2. Various relevant publications of Bangladesh Bank and Ministry of Finance
Course objectives: The objective of this course is to provide an understanding of the concepts, processes and techniques that underpin best practice across a range of credit environments.A further mission of the course is to strengthen students’ analytical skills by extending critical thinking when applying accounting and financial knowledge in the practice of lending, particularly assessing a borrower’s financial position during and after a lending decision is made.
Course contents: Management of bank funds: sources and uses of funds, bank lending: policies and procedure, lending to business firms; securities for bank advances, guarantees, working capital and term loan financing, loan documentation, credit assessment and risk grading – internal credit risk rating system, default risk models, what if: credit risk stress testing.
Textbooks
1. Bank Management and Financial Services by Peter S. Rose and Sylvia C. Hudgins
2. Management of Bank Credit by H. R. Suneja
Reference book: Bangladesh Bank: Regulations and Guidelines
Course objectives: The course aims at imparting to the students’ knowledge of principles of processes commonly used in project cycle management and the skills for effective application of such processes for sustainable community driven development programs. It will cover the tools and techniques for identification, analysis, design, implementation, monitoring and evaluation of programs and projects from the point of view of all stakeholders.
Course contents: Projects characteristics and type, project appraisal, social cost benefit analysis, project cost estimation, project financing, financial appraisal, project planning and scheduling, project cost control, rehabilitation of sick units, project contracts, project risk analysis, options in projects.
Textbook: Project Management by K. Nagarajon
Reference books
1. Projects: Planning, Implementation, Controlling and Financing by Prasanna Chandra
2. Practical Techniques for Effective Project Investment Appraisal by Ralph Tiffin
3. Project Appraisal and Macroeconomic Policy by Tsjalle Van Der Burg
Course objectives: This course is designed to give an overview of the treasury function of financial institutions with special concentration on bank, thus, will facilitate a better understanding of the major facets of treasury and financial risk management. After completing the course, the students will be able to analyze the changing role of treasury function in banks and financial institutions in the competitive environment and examine various strategies for improving treasury operations.
Course contents: Basics of treasury management, functions of bank’s treasury, structure of bank treasury, treasury products of banks, types of treasury risks and their management (interest rate, foreign exchange, credit, operation), asset-liability management, liquidity management, investment management, foreign exchange market management, derivatives, securitization, treasury policies for debt.
Textbook: Bank Treasury Managementby Vincent Baritsch
Reference books
1. Corporate Treasury and Cash Management by Robert Cooper
2. Treasury Management by Alan Hudson, Mark Logan and Alan Colley
3. Bank Management and Financial Services by Peter S. Rose and Sylvia C. Hudgins
Course objectives: This course is designed to provide students with a basic understanding of research and its relevance to businesses. Upon successful completion of the course, students will earn a level of competence in business research whereby they will be able to analyze business problems and use scientific research as a problem-solving tool.
Course contents: Research in business,ethics in business research, thinking like a researcher, research process, research design, qualitative research, observation studies, experiments and surveys, measurement and measurement scales, questionnaires and instruments, sampling, data preparation and description, exploring, displaying and examining data, hypothesis testing, measures of association, presenting insights and findings, writing reports.
Textbook: Business Research Methods by Donald R. Cooper and Pamela S. Schindler
Reference books
1. Research Methods for Business Students by Mark Saunders, Philip Lewis and Adrian Thornhill
2. Business Research Methods by William G. Zikmund, Barry J. Babin, Jon C. Carr, Atanu Adhikari and Mitch Griffin