Course objectives: This course is to provide students with a sound theoretical base towards effective practices in leading and managing corporations and business organizations from a strategic perspective. Particular emphasis is placed on leadership and strategic management including strategic planning which help students become excellent strategic thinkers.
Course contents: Strategic management and leadership, leadership of professionally staffed organizations, strategy formulation and comparative advantage, leading and managing organizations, leading and managing change, strategic management perspectives, levels and modes of strategy, managing strategically, strategic planning.
Textbook: Strategic Management by Pearce, Robinson and Mital
Reference book: Strategic Management by Charles W. Hill and Jones
Course objectives: This course provides an overview of how microcredit works as an effective tool to alleviate poverty, empower women and build social capital. Microcredit institutions extend small amount of credit to the poor. They follow a different approach to sanction credit to borrowers. The borrowers have to form groups to get loans, monitor each other’s behavior and put trust among them.
Course contents: Microcredit, rationale of microcredit, principles of microcredit, the reach of microcredit, microcredit and poverty alleviation, microcredit and women’s empowerment, microcredit and social capital, wider impact of microcredit, the political economy of microcredit, sustainability of microcredit organizations, regulations of microcredit, lessons from impact analysis and challenges ahead and microfinance in Bangladesh.
Required books
1. Readings in Microfinance: Reach and Impact by S. R. Osmani and M. A. BaquiKhaily
2. Attacking Poverty with Microcredit by Salehuddin Ahmed and M. A. Hakim
3. Fighting Poverty with Microcredit: Experience in Bangladesh by Shahidur R. Khandker
Course objectives: The goal of this course is to understand how risks are categorized, quantified, monitored and managed within banks utilizing the relevant regulatory requirements. It deals with analyzing economic rationales for risk management, studying methods to assess the risk, analyzing on and off balance sheet techniques to manage risk as well as discussing contemporary events and their implications for effective risk management in banks.
Course contents: Fundamental issues of risk management, commercial banking business models, asset-liability management, quantifying managing interest rate risk, off-balance sheet approaches to interest rate risk management; banking risk measurement: Value at risk; comparison of ALM and VaR approaches to risk management, role of securitization in asset liability management, credit risk, liquidity risk, operational risk and abuse of financial services, foreign exchange risk management, regulation as a force shaping the banking sector, managing internal control and compliance risk, stress testing.
Textbooks
1. Risk Management in Banking by Joel Bessis
2. Managing Bank Risk: An Introduction to Broad-Base Credit Engineering by Morton Glantz
Reference books
1. Financial Institutions Management: A Risk Management Approach by Saunders and Cornett
2. Additional reading materials and guidelines from Central Bank
Course objectives: The objective of the course is to provide students with the knowledge of basic codes of ethics and social responsibility related to business environment. The course also aims at offering students with a comprehensive knowledge of corporate governance followed by different types of organizations.
Course contents: Business ethics concept, theories and tools of business ethics, social responsibility of business, managerial ethics, corporate ethics, ethical expectations from employees, employers, buyers and sellers, corporate governance concept, corporation, shareholders, ownership, directors, monitoring, management, performance, corporate governance in the banking industry of Bangladesh, case studies on corporations in crisis.
Textbooks
1. Business Ethics by A.R. Khan
2. Corporate Governance by Robert A.G. Monks and Nell Minow
Reference books
1. Prudential Regulations for Banks: Selected Issues, Bangladesh Bank, January 2014
2. Corporate Governance by Kesho Prasad
Course objectives: This course seeks to provide students with a clear understanding of the concept of electronic banking and electronic commerce to equip students with current developments in the banking industry with respect to the application of electronics in banking. It will prepare students with modern and more current developments in the banking sector, knowledge on application of the internet, computers and other electronic gadgets, facilitate the operations and executions of modern technical banking smoothly in both national and international arena.
Course contents: Theory and praxis of modern banking and recent developments and trends in e-banking activities, concepts of e-banking, delivery channels, data communication and network infrastructure, plastic money, electronic payment system, mobile financial services, security issues of online banking, IT risk and risk management principles of e-banking.
Textbook: E-Banking and E-Commerce by Prof. ShibliRubayat-Ul-Islam
Reference books
1. E-banking by Raghunath Desai
2. E-banking Management: Issues, Solutions, and Strategies by Mahmood Shah and Steve Clarke
Course objectives: The goal of this course is to examine the factors encountered by multinational financial manager in making financing and investment decisions with a global perspective. It also involves the understanding of the macroeconomic environment governing international business.Along with achieving above objectives students will develop concepts and practical knowledge by knowing international markets, investment and financing procedures which are the fundamental discussion in this course.
Course contents: Multinational financial management, international flow of funds and financial market, exchange rate determination, currency derivatives, international arbitrage and interest rate parity, relationship among inflation, interest rate and exchange rate, forecasting the exchange rate and exchange rate fluctuation, managing transaction, economic and translation exposures, direct foreign investment, multinational capital budgeting, cost of capital and capital structure.
Textbook: International Financial Management by Jeff Madura
Reference book: Multinational Business Finance by David K. Eitemanand I. Stonehill
Course objectives: Since the inception of banking business, fraud came into the light by users, bankers or even by the third-party outsiders affecting the industry adversely. Bangladesh has the history of bank fraud for a long time. But it got the momentum in recent times due to large-scale fraud in various banks especially state-owned commercial banks. The central bank of the country is also not free from such fraud. The objective of the course is to provide an overview of the frauds, analyze their consequences and find out remedies.
Course contents: Nature and types of bank frauds, forged signatures; material alterations: implications for bank; forged currency notes and counterfeits, credit card frauds, computer frauds in banks, bank robberies, departmental inquiries and internal audits, regulatory investigations by BB, NBR and Police, bank documents their protections, case analysis on bank frauds and seminar on ‘bank frauds: role of bankers’.
Textbook: Bank Frauds: Prevention and Detection by B. R. Sharma
Reference book: Bank Fraud: Using technology to combat losses by Revathi Subramanian
Course objectives: The objective of this course is to introduce well prepared and motivated graduate-level students to a broader range of topics related to the financial derivatives markets and instruments, including pricing theory and applications; to develop an understanding of the contract designs and trading mechanics for a variety of financial derivatives defined relative to equity prices and indexes, currencies and interest rates; to learn how these derivatives can be used to leverage, hedge or otherwise change the risk profiles of investors or corporate managers in host of real world implementations.
Course contents: Concepts and mechanics of future markets, futures and interest rates, forwards/futures prices and interest rate, swaps, securitization and the crisis of 2007, options, trading strategies involving options, Binomial and Wiener process and Ito’s lemma, B-S-M option models, currency and futures options, Greeks and volatility smiles, value at risk, derivatives mishaps and lesson from them.
Textbook: Options, Futures and Other Derivatives by John C. Hull
Reference books
1. Risk Takers by John Marthinsen
2. The End of Wall Street by Roger Lowenstein
3. The Quants by Scott Patterson
Course objectives: This course is designed to provide students with a critical understanding of theory and practice of banking and insurance in the context of real world issues in Bangladesh as well as around the globe. Through consideration of contemporary examples, this course will underline how banking and insurance might be utilized to real world situations in response to contemporary risk issues. Upon successful completion of this course, students will have the knowledge and skills to understand a range of key issues in contemporary banking and insurance, analyze and evaluate one or more selected key contemporary issue(s), make recommendations regarding the issue(s) to the banks and insurance companies and/or relevant authorities, and communicate those recommendations orally and in writing.
Course contents: Recent states of banking systems in Bangladesh and around the world, current forces to change banking businesses and its effect on money and capital markets, impact of current changes on banks’ asset-liability structure, banks’ services, portfolio of investment, pricing of deposits and advances, customer services, risk management, profitability approach, basic principles of risk financing, detailed examination of insurance theory; critical analysis of insurance practice; examination of contemporary risk issues in Bangladesh and the global insurance marketplace.
Required Readings: There is no so specific text book for this course. Relevant articles, research papers, working papers, circulars from Bangladesh Bank and IDRA and selected writings will be followed.
Course objectives: The course deals with the principal issues of economic development with special references to international dimensions of national development policy making. Upon completion of this course, students should be able to acquire an understanding of the issues and on-going debates on development economics, discuss the important models and theories in economic development and their policy implications, apply an analytical framework to understand the important structural characteristics of development, understand and evaluate the unevenness in development and acquire skills in conducting research related to development issues.
Course contents: Economic growth and development: concepts and theories, poverty and inequality, population growth in economic development, migration and development, education, health and development, agricultural transformation and development, industrialization and development, environment and development, roles of market, state and civil society in economic development, international trade and development, role of capital formation in development, whither economic development in Bangladesh?
Textbook: Economic Development by Michael P. Todaro and Stephen C. Smith
Reference books
1. Development as Freedom by Amartya Sen
2. UnnayanerOrthonity by Rizwanul Islam
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, project financing criteria of Islamic banks, problems and prospects of Islamic banking, central banking in an Islamic framework.
Textbook: Islamic Economics: Principles and Analysis, by Abojieb, Moutaz, Mohamed Haneef, Mohamed Aslam and Mohammed, Mustafa Omar, eds. (2018) International Shari’ah Research Academy for Islamic Finance (ISRA), Kuala Lumpur.
Reference book: Islamic Banking: An Introduction and Overview by M. Kabir Hassan and Mervyn K. Lewis
Course objectives: This course is designed to provide students with the basic principles and techniques of security analysis including securities trading and regulation. The course aims to introduce students with the equity and the bond market, stock options and approaches to investing in the stock market and building stock portfolios. Particular emphasis is given to three competing approaches to stock investment: fundamental analysis, technical analysis and efficient market analysis. The course will also encourage students to apply stock and option valuation models in portfolio management.
Course contents: Introduction to securities, securities regulation in Bangladesh, investment environment, markets and instruments, trading mechanism, macroeconomic and industry analysis, fundamental analysis, technical analysis, equity valuation models, valuation of fixed income securities, portfolio analysis, construction of optimal risky portfolio, options valuation and market microstructure.
Textbooks
1. Investment Analysis and Portfolio Management by F. K. Reillyand K.C. Brown
2. Investments by Zvi Bodie, Alex Kane and Alan Marcus
Reference book: Investments: Analysis and Management by Charles P. Jones
Course objectives: This course is a gateway course to other major courses in the stream of finance. It provides a foundation that students will need in advanced finance classes. This course is designed to help understand the mechanics of financial instruments and market participants.
Course contents: Introduction to financial markets and an evaluation of the institutions, instruments and participants involved in the industry, evaluation of equity, money, bond, futures, options and exchange rate markets, investigation of various institutional participants and different types of financial instruments.
Textbook: Financial Markets and Institutions by Jeff Madura
Reference book: Foundations of Financial Markets and Institutions by Frank J. Fabozzi, Franco Modigliani, Frank J. Jones, andMicheal G. Ferri
Course objectives: The course aims to introduce students to the 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