FIRST SEMESTER
Course objectives: This course is an introduction to operation of an insurance company to gain a better understanding about the insurance industry and its operational area along with business function needed to operate an insurance company.
Course contents: Pooling arrangement and diversification of risk, insurer ownership, financial and operational structure, analysis of insurance contract, management of insurance business: role and responsibilities, accounting principles and practices, claims reserving, financial ratios, insurance pricing, mortality calculation, calculation of premium, surrender value and reserve, operation of marine insurance, operation of fire insurance, corporate liability to customers, third parties and shareholders, issues in liability risk and its management, micro insurance overview.
Textbooks
1. Insurance Business and Finance, Chartered Insurance Institute Text Book
2. Principles of Risk Management and Insurance by George E. Rejda
Reference books
1. Risk Management and Insurance by Scott Harrington and Gregory Neihaus
2. Insurance Principles and Practice by M.N. Mishra and S. B. Mishra
3. Elements of Actuarial Science by K. C. Mishra and C.S. Kumar
Course objectives: This course provides an introduction to the economic analysis of key macroeconomic variables such as output, employment, inflation, interest rates and exchange rates. The course will provide students with a framework for understanding the workings of the whole economy and the various interactions among households, business and governments.
Course contents: Introduction to macroeconomics, national income accounting, goods market, financial markets, goods and financial markets: the IS-LM model, financial markets ii: extended IS-LM model, labor market, Philips curve, natural rate of unemployment, inflation, facts of growth, saving, capital accumulation and output, technological progress: short, medium and long run, monetary and fiscal policy, goods market in an open economy, output, interest rate, and the exchange rate.
Textbook: Macroeconomics by Olivier Blanchard
Reference books
1. Macroeconomics by Rudiger Dornbusch and Stanley Fischer
2. Economics by Paul Samuelson and William Nordhaus
Course objectives: This course teaches the mathematical skills required for problem solving and decision making in the business world through the use of mathematical models and specialized techniques.
Course contents: Functions as mathematical models, equation solving techniques, differential and integral calculus, exponential growth and time value of money, partial derivatives and their applications in economic functions, and (time permitting) simple matrix algebra.
Textbook: Calculus for Business, Economics, Life Sciences and Social Sciences by Raymond Barnett, Michael Ziegler, Karl Byleen and Christopher Stocker
Reference book: Mathematics for Economics and Business byIan Jacques
Course objectives: Financial management course is the gateway to all other major courses in the field of finance. The course aims at providing students with the principles of managerial finance. This course will broadly focus on fund acquisition, financing and management of assets of a firm as a part of its overall financial decision-making. Upon successful completion of the course, students will be able to understand the core contents and scope of financial management and the vital role played by a financial manager to meet the organization’s objectives.
Course contents: Introductory discussion, role of finance/ financial management, categories of financial assets, valuation of long-term securities, short-term financing, capital budgeting and estimating cash flows, capital budgeting techniques, required return and cost of capital, operating and financial leverage, capital structure, dividend policy, long-term debt, preferred stock, common stock, term loans and leases.
Textbook: Fundamentals of Financial Management by J.C. Van Horne and J.M. Wachowicz
Reference books
1. Principles of Managerial Finance by Lawrence J.Gitman
2. Essentials of Managerial Finance by J. Fred Weston, Eugene F. Brigham and Scott Besley
Course objectives: The objective of this course is to enable the students to gain detailed knowledge about the legal aspects of financial system with special attention to Bangladesh. This course will focus on the different acts meant for banking and insurance industry which may have huge impact on the modes of operations of these financial institutions and their provided financial services.
Course contents: Banks and legal environment, The Negotiable Instruments Act 1881, The Bankers’ Books Evidence Act 1891, Bank Company Act 1991, Financial Institutions Act 1993, Insolvency Act 1997, Deposit Protection Act 2020, Money Laundering Prevention Act 2002 and 2012 (Amended), Money Loan Court Act 2003, Insurance Development and Regulatory Authority Act 2010.
Textbooks
1. Bank Company Laws of Bangladesh by Md. Altaf Hossain
2. The Law of Banking and Insurance byAsaduzzaman, Mohammed Sheikh Sadi and Md. Mamunur Rashid
Reference books
1. Banks and Legal Environment by R. M. Debnath
2. Bank Company and Securities Law by S.M. Masud Rana
SECOND SEMESTER
Course objectives: The course aims at highlighting an in-depth knowledge and comparisons of the banking system in Bangladesh and that of other countries in different parts of the globe. The students will be enlightened with historical aspects regarding reforms and dynamisms of banking systems and products in different nations. The learner will be familiarized with the conceptual similarities and contrasts between diverse banking systems.
Course contents: Introduction to bank and bank’s functions, banking system in Bangladesh, diversification of banking activities, bank structure and regulations in the UK, USA, Japan, the EU, India, China, Russia, Banking in emerging economies, Islamic banking system, bank failures and financial crises, competitive issues in banking.
Textbook: Modern Banking by Shelagh Heffernan
Reference book: Banking Systems by Ubekhart
Course Objectives: This course focuses on a range of advanced financial accounting issues. An understanding of the accounting requirements for a corporate group and familiarity with the theory underlying the methods used to account for inter-company investments is required for this course. Students will attain the ability to prepare consolidated accounts for a corporate group after completing the course.
Course Contents: Accounting for business amalgamations, external reconstruction and takeovers; liquidation of companies and consolidated accounts of holding companies; final account of banks, non-bank financial institutions and insurance companies; valuation of goodwill.
Textbook: Advanced Accountancy II by S.P. Jain and K.L. Narang
Reference book: Company Accounting by Ken J. Leo, Jeffrey Knapp,Susan McGowanand John Sweeting
Course objectives: Statistical inference makes propositions about a population, using data drawn from the population with some forms of sampling. The course introduces students with basic theories to understand and develop several tools and techniques to analyze point and interval estimation as well as test hypothesis on population parameters.
Course contents: Probability, probability distributions, sampling and sampling distributions, estimation of parameters, test of hypothesis, small sampling theory, chi-square test, analysis of variance, business forecasting and time series analysis, multiple regression analysis, assumptions, violation and consequences, introducing STATA in inferential statistics.
Textbooks
1. Statistical Techniques in Business and Economics by A.Lind, W.G.Marchal, andS.A.Wathen
2. Statistics for Business and Economics, by D.R. Anderson, D.J. Sweeney and T.A. Williams
Reference book
1. Guidelines of STATA published by ISRT, Dhaka University
2. Statistics for Management by Richard I. Levin and David S. Rubin
Course objectives: The course focuses attention on the nature of marketing as it is practiced in a business environment, especially in financial institutions. The course will particularly highlight the variety of different service types, importance of interaction between customer and service provider and the challenges of achieving service differentiation.
Course contents: Market, marketing, relationship marketing, consumer behavior, competitor analysis, marketing mix, product strategy, pricing strategy, placing strategy, promotion strategy, extended marketing mix for financial institutions, integrated gaps model of service quality, service recovery.
Textbooks
1. Principles of Marketing by Philip Kotler and Gary Armstrong, Latest Edition
2. Marketing of Banking Services, The Indian Institute of Bankers
Reference books
1. Services Marketing byMary Bitner and Valarie Zeithaml
2. Marketing Financial Services byMary Ann Pezzullo, American Bankers Association
Course objectives: This course is aimed at furnishing students with the basics of organizational behavior noticed in different types of organizations and the human resource management strategies undertaken by them.
Course contents: Organizational behavior, diversity in organizations, attitudes and job satisfaction, foundations of group behavior, conflict and negotiation, accidents and safety at work, organizational culture, human resource management, job analysis, talent management process, personnel planning and recruiting, training and development, performance management and appraisal, rewards management.
Textbooks
1. Organizational Behavior by Stephen P. Robbins, Timothy A. Judge and NeharikaVohra
2. Human Resource Management by Gary Dessler