MBA Program
The Master of Business Administration (MBA) Program of the Department of Banking and Insurance is a full-time 48-credit hour professional program. The program has two wings. One is MBA in Banking and another is MBA in Insurance. Both the wings of the program is designed to meet the needs of the students who want to develop their career as executives in the business world as well as teaching and research positions in different institutions. Rules and regulations approved by the University are designed to administer the MBA program. These rules are based on the types of programs offered by the Department, objectives of offering those programs, desired qualities of future graduates and the availability of physical resources.
Course Distribution and Duration of the Program
Compulsory courses are same for both the students of Banking wing and Insurance wing. Therefore, electives courses for insurance are different from that of banking.MBA Program will be of 1 (one) year duration divided into 2 (two) semesters. Every semester will be of 19 (nineteen) weeks of which 15 (fifteen) weeks for lecture with at least 1 (one) week break and 3 (three) weeks for holding semester final examinations. For each course there will be 2 lectures of 90 minutes each (equivalent to 3 lectures of one hour) per week and thus a total of 45 class hours (lectures) in 15-week period.
In each semester a student will have to take 5 courses (covering 15 credit hours). A regular student is expected to fulfill the course requirements in two semesters i.e., in one academic year. A student admitted into the MBA Program must earn the degree within three academic years.
Evaluation and Grading System
Students’ performance in a course is evaluated as under:
|
Mid-term tests (two, one hour each of 15%) |
30% |
|
Term paper |
15% |
|
Class Participation, Case Study and Presentation |
15% |
|
Final examination |
40% |
|
Total |
100% |
Course teachers will evaluate all mid-term tests, term papers and presentations and will be required to submit final letter grades to the examination committee, as explained below:
|
Grade |
Grade Point |
Marks |
|
A+ |
4.00 |
80% and above |
|
A |
3.75 |
75% to 79% |
|
A- |
3.50 |
70% to 74% |
|
B+ |
3.25 |
65% to 69% |
|
B |
3.00 |
60% to 64% |
|
B- |
2.75 |
55% to 59% |
|
C+ |
2.50 |
50% to 54% |
|
C |
2.25 |
45% to 49% |
|
D |
2.00 |
40% to 44% |
|
F |
0 |
Below 40% |
The duration of course final examination will be 3 hours and single examiner will evaluate scripts. Course teacher will make available the scripts, papers to the students in the classroom except those of final examination. In case of any grievances expressed by any student within one week of publication of Provisional Results regarding grade he/she received in any course, the committee reserves the right for re-examination of the scripts to the said student and accordingly report to the Academic Committee. The Examination Committee will organize and supervise the final examination. The Examination Committee will publish the semester result within 15 days of the last exam.
Degree Requirements
The MBA Program requires a student to undertake a total of 48 credit hours which include a 3-month internship program followed by a Project Paper and defense thereupon.
The 48 credit hours are distributed as follows:
i) Completion of 14 courses (14×3) : 42 Credit hours
ii) Project paper and defense on internship : 6 Credit hours
A student should have a CGPA of at least 2.5 for the award of the MBA degree along with the successful completion of project paper and defense. No student will be awarded MBA degree with ‘F’ grade in any course. In such a situation, the student will have to retake the course. The Departmental BBA graduates may get waiver of a maximum of 4 courses (12 credit hours) with a GPA of at least 3.00 in respective courses to be determined by the MBA Supervision Committee of the Department. The nature and number of core and Elective courses will be determined by the Academic Committee of the Department.
Computation of Grade Point Average:
The Grade Point Average (GPA) will be computed as under:
|
GPA = |
Total Grade Points Secured |
|
Total Credit |
Example:
First Semester
|
Course |
Grade Awarded |
Grade Points |
No. of Credits |
Grade Points Secured |
|
Col.1 |
Col.2 |
Col.3 |
Col.4= (Col.2×Col.3) |
|
|
501 |
B |
3 |
3 |
9 |
|
502 |
A+ |
4 |
3 |
12 |
|
503 |
C |
2 |
3 |
6 |
|
504 |
B |
3 |
3 |
9 |
|
505 |
C |
2 |
3 |
6 |
|
Total |
|
|
15 |
42 |
Earned Credit (EC) = (3+3+3+3+3) = 15
Semester Grade Point Average (SGPA) = (42÷15) = 2.8
Second Semester
|
Course |
Grade Awarded |
Total Grade Points |
No. of Credits |
Grade Points Secured |
|
Col.1 |
Col.2 |
Col.3 |
Col.4= (Col.2×Col.3) |
|
|
506 |
B |
3 |
3 |
9 |
|
507 |
B |
3 |
3 |
9 |
|
508 |
C |
2 |
3 |
6 |
|
509 |
B |
3 |
3 |
9 |
|
510 |
A+ |
4 |
3 |
12 |
|
Project Paper |
A+ |
4 |
3 |
12 |
|
Defense |
A+ |
4 |
3 |
12 |
|
Total |
|
|
21 |
66 |
SGPA = (45÷15) = 3.0
Cumulative Data:
Total Credit = (15+15+6) = 36
Total Grade Points Secured = SGPA in First Semester and SGPA in Second Semester = 42+66 = 108
Cumulative Grade Point Average (CGPA) = (108÷36) = 3.00
33 courses · 99 credit hours across 2 terms
| Code | Course title | Credits | |
|---|---|---|---|
| BM B-501 | Bank Management | 3 |
Course objectives: This course is intended to cover the all the dimensions of bank management ranging from deposit, asset-liability management (ALM), liquidity, credit, investment to equity management. While studying, the students are expected to understand different categories of services offered by a commercial bank, measure & evaluate the performance of a commercial bank, find the interest sensitive GAP & its impact over the asset portfolio of the bank, understand different money market & capital market instruments that are used as vehicle for investment, ways to manage the liquidity & reserve of a commercial bank, and set & evaluate strategies to pricing a bank’s deposits and loans. Course content: Overview of the changing financial services industry, Impact of government policy & regulation on Industry, Organization & structure of the industry, Measuring & evaluating the performance of banks, Risk management for changing interest rates: ALM & duration gap, Investment function in financial services management, Money & capital markets instruments, Liquidity & reserve management strategies & policies, Managing & pricing deposit, Management of capital & capital adequacy, State of Basel I, II & III implementation, Lending policies & procedures: Managing credit risk, Lending to business firms & pricing business loans, Bank collateral management. Text book: Bank Management & Financial Services, Peter S. Rose & Sylvla C. HudgeIns Reference books: 1. Management of Financial Institutions, by Anthony Saunders 2. Investments, by Bodie, Cane & Marcus 3. Practical Course Materials on Credit Management practiced by Commercial Banks |
| FEM B-502 | Foreign Exchange Management | 3 |
Course objectives: The objective of this course is to provide the basic concepts of foreign exchange while highlighting the recent changes in foreign exchange and foreign trade that give rise to different new areas to explore. After completion of this course, students are expected to understand the needs and functions of foreign exchange markets and international financial markets along with multifarious work management in foreign exchange branches of the commercial banks. Course contents: Foreign exchange and international financial system, Architecture of foreign exchange markets, Participants in foreign exchange markets (arbitrage, speculation, hedging), Exchange rate determination, Types of foreign exchange operations (spot, forward, FX swaps, currency swaps, futures and option) and documentation, Relationship between the changes of exchange rates and the dynamics of fundamental economic factors (balance of payments, inflation, interest rates, expectations), Nature of foreign exchange exposure and risk and its management, Structure of the balance of payments and main relations between economic transaction in the balance of payments, Export and import financing, International investment and capital flow, Foreign exchange scenario in Bangladesh. Text books: 1. Foreign Exchange and Risk Management, by Syed Ashraf Ali 2. International Financial Management, by Jeff Madura Reference book: Money, Interest and Banking in Economic Development, by Fry J. Maxwell Course objectives: The objective of this course is to provide the basic concepts of foreign exchange while highlighting the recent changes in foreign exchange and foreign trade that give rise to different new areas to explore. After completion of this course, students are expected to understand the needs and functions of foreign exchange markets and international financial markets along with multifarious work management in foreign exchange branches of the commercial banks. Course contents: Foreign exchange and international financial system, Architecture of foreign exchange markets, Participants in foreign exchange markets (arbitrage, speculation, hedging), Exchange rate determination, Types of foreign exchange operations (spot, forward, FX swaps, currency swaps, futures and option) and documentation, Relationship between the changes of exchange rates and the dynamics of fundamental economic factors (balance of payments, inflation, interest rates, expectations), Nature of foreign exchange exposure and risk and its management, Structure of the balance of payments and main relations between economic transaction in the balance of payments, Export and import financing, International investment and capital flow, Foreign exchange scenario in Bangladesh. Text books: 1. Foreign Exchange and Risk Management, by Syed Ashraf Ali 2. International Financial Management, by Jeff Madura Reference book: Money, Interest and Banking in Economic Development, by Fry J. Maxwell |
| MFI B-503 | Management of Financial Institutions | 3 | Course objectives: This course is the application of modern finance theory to the financial decision making and management of banks and non-bank financial institutions particularly from a risk perspective. By completion this course student will acknowledge risks as confronted by financial institutions like interests rate risk, credit risk, market risk, liquidity risk, operational risk and apply relevant techniques to measure and manage those. Course contents: Financial services industry, Specialness of FIs and financial intermediation risk, Off-balance-sheet risk, Interest rate risk-1&II, Credit Risk –I&II, Sovereign risk and foreign exchange risk, Liquidity risk, Liability & liquidity management, Operational risks Management, Capital adequacy. Text book: Fundamentals of Financial Institutions Management, by M. Cornett & A. Saunders. Reference book: Bank Management and Financial Services, by S. P. Rose & Sylvia C. Hudgins |
| FR&S B-504 | Financial Regulations and Supervision | 3 | Course objectives: The course aims to provide you with a holistic macro view of the finance and banking sector, especially how the environment might be shaped and influenced by policies and regulations from government and regulatory agencies, and foundation knowledge in bank management. Course contents: Meaning and importance of financial regulation and supervision, Framework for banking regulation and supervision, Banking acts, Supervision of bank liquidity and capital adequacy (Basle accord), Controls on foreign currency exposure, Changing structure of banking regulations, Supervision and regulation of investment business, Supervision and regulations of insurance business, Regulations overseas, Causes of regulatory changes. Text books: 1. The Economics of Money, Banking and Financial Markets, by Frederic S.Mishkin, Pearson. 2. An Introduction to Global Financial Markets, by S.Valdez & P.Molyneux, PalgraveMacmillan Reference books: 1. Inside the City –How the Money Machine Works, by P. Coggan, Penguin 2. Relevant practical cases, required newspaper cuts and chapters of referred books |
| ET B/I-505 | Econometric Techniques | 3 | Course objectives: The main objectives of the course are to introduce students to econometric techniques and to prepare them to do their own applied work. Students are encouraged to think of the course as a preparation toward their thesis research project. The prerequisites of the course are Calculus and Statistics at an intermediate level. The knowledge of some computer-programming will be necessary. Course contents: Concept of econometrics, Simple regression model, Multivariate regression analysis, Inference in the multivariate regression model, Asymptotic properties of OLS, Further issues in OLS estimation, Heteroskedasticity, Introduction to panel data methods, Application/Lab practice. Text book: Introductory Econometrics: A Modern Approach. Wooldridge, J.M. Reference books: 1. Econometrics Methods, by Johnston, J., Prischke, J. 2. Econometric Analysis of Cross Section and Panel Data, by Wooldridge, J.M. 3. Econometric Analysis, Green, W.H. |
| IU&CM I-501 | Insurance Underwriting and Claim Management | 3 | Course objectives: Underwriting process and settlement of claim both are at the heart of the insurance contract. The dominant purpose of the underwriting process is to ensure that an insurer carries a book of business which is both profitable and commensurate with the insurer's own risk appetite. And proper claim settlement ensures the good will of insurance company. This course will enrich the students with detail ideas about the principles of underwriting and settling claims, steps involved in both processes and other important areas of insurance underwriting and claims settlement which will ease the path of developing themselves as insurance professionals. Course content: Risk in our society, Underwriting factors analysis, Underwriting principles, Underwriter’s responsibilities, Underwriting and pricing of insurance, Real life case of underwriting, Calculation of premium, Surrender value and reserve for underwriting decision, Claim settlement , Claims settlement models, Legal environment and claim settlement, Disputes in claim settlement, Claim management, Case analysis of claim settlement, Insurance Market in Bangladesh. Text books: 1. Underwriting Principles, by Joseph F. Mangan 2. Life Insurance underwriting –A practical Insight, by Kaninika Mishra 3. Insurance Claims Volume, by Barry Zalma Reference books: 1. Understanding Insurance and Filing Claim, by Bradley M. Ball 2. Insurance Law 2016 and IDRA Guidelines |
| AS I-502 | Actuarial Science | 3 | Course objectives: The objective of the course is to apply mathematical, statistical and economic models to study and calculate risks associated with insurance, pensions and other financial systems. After completion of the course, the students are expected to be able to interpret the economic environment and make informed decisions on future inflation, returns on investment, stock market behavior, exchange rates and economic growth. Students understanding of the risk measures Value-at-risk (VaR) and Expected Shortfall (ES) from both insurance and banking perspectives will be a parallel focus. Statistical distributions for classical nonlife insurance modelling will be explored with their moments being derived. Course contents: Concept of probability and its distribution: Bernoulli, Binomial, Poisson, Normal, Log-normal distribution which are at the core of nonlife actuarial models; Financial quantities representing growth and decay (especially exponential), Valuation of annuities, Loans and loan payments, Bond valuation, Measuring the rate of return on an investment, Internal rate of return, Yield rate, Risk management concepts, VaR and ES for banking and insurance data. Text book: Mathematics of Investment and Credit, by Samuel Broverman Reference book: Loss Models: From Data to Decision, by Stuart A. Klugman, Harry H. Panjer, Gordon E. Willmot |
| IR&S I-504 | Insurance Regulations and Supervision | 3 | Course objectives: The objectives of the course are to explore the regulatory and supervisory issues of insurance in Bangladesh. The Insurance Act 2010, along with Insurance Development and Regulatory Authority Bangladesh (IDRA) Act 2010 and National Insurance Policy 2014 are the basis of studying this course. After completing the course they are expected to have a good understanding of the role of IDRA in creating insurance-awareness as well as combating insurance failure and financial crises. A significant part of this course is devoted on Bangladesh to help them having a solid practical background on the insurance regulation and supervision in our country. Course contents: History of insurance in Bangladesh, Insurance market in Bangladesh, Insurance in overall economy of Bangladesh, Problem of insurance in Bangladesh, Principles of Insurance, Insurance Acts and documents, Acts applicable for insurer, Insurance registration (Regulation-K), Premium, Insurance, and reinsurance (Regulation-L & M: Reinsurance for life & non-life insurance companies outside Bangladesh), Capital requirement (Regulation-H: Paid capital and partnership in insurance companies), Solvency, margin, loan and management, Transfer and nomination of policy, Commission, Rebate and management expenses, Distribution of dividend, bonus and profit, IDRA: Responsibilities & functions of IDRA, Source of fund in IDRA. Text books: 1. National Insurance Policy 2014 2. Insurance Act 2010 3. IDRA Act 2010 |
| BALM B-501 | Bank Asset -Liability Management | 3 | |
| BRM B-505/I-50 | Business Research Methodology | 3 | |
| IU&CS I-501 | Insurance Underwriting and Claim Settlement | 3 | |
| SI I-503 | Salesmanship in Insurance | 3 |
| Code | Course title | Credits | |
|---|---|---|---|
| P&LI I-503 | Property and Liability Insurance | 3 |
Course objectives: This course provides an introduction to the field of property and liability insurance (also known as property and casualty insurance or P&C insurance), an increasingly important area of knowledge not only for individuals and families, but also for all forms of business in the global economy. Because P&C insurance issues frequently make national and international headlines, the course offers an opportunity to explore topics within the context of practical applications. Course contents: Fundamentals of property and liability insurance, Insurance regulations in Bangladesh, Financial performance measurement of insurers, Insurance coverage: property and liability, Marine insurance, Fire insurance, Liability insurance, Property loss exposures and policy provisions, Liability loss exposures and policy provisions, Managing loss exposures: risk management. Text book: Principles of Risk Management and Insurance, by George Rejda & Michael McNamara |
| SM&L B/I-506 | Strategic Management and Leadership | 3 | Course objectives: This course is to provide the 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. Text book: Strategic Management, by Pearce, Robinson and Mital Reference book: Strategic Management by Charles W. Hill & Jones |
| RI I-507 | Reinsurance | 3 | Course objectives: The objective of the course is to introduce the principles of reinsurance, its arrangements in business and the practice of analyzing reinsurance portfolios. The course also covers in-depth study of reinsurance market so that the students may recognize and identify important developments in the reinsurance industry and its relation with the development of direct insurance markets. Course contents: Reinsurance fundamentals: concept, objectives, benefits, functions, parties, scope; Principles of reinsurance: contract, formation of contract, subject matter, insurable interest and other principles; Environment of reinsurance: history and development, Lloyd and the London reinsurance market, international reinsurance environment and trends, business and financial principles; Analysis of reinsurance portfolio and needs: geographical distribution of business, identification and measurement of exposures to large risks, accumulation of losses out of one event and in a year, reserve and possibility of ruin; Methods of reinsurance: pools, retrocession, facultative, facultative obligatory, treaty, proportional: quota share and surplus, non-proportional: excess of loss, top and drop cover; Risk management in reinsurance: risk distribution of an insurer's portfolio with different reinsurance arrangements, pros and cons; Design and arrangement of reinsurance programs: factors influencing level of retention, fixing of retention, acceptable probability of ruin, scope of reinsurance treaties, reciprocity and negotiating terms, treaty wordings; Pricing of reinsurance: different premium calculation methods; Reinsurance and global market: global scenario, growth in global market. Text book: Reinsurance Fundamentals by Ross Phifer Reference books: 1. Handbook on Non-life Insurance and reinsurance, by A.k.M. Ehsanul Haque 2. Reinsurance Principles and Practice, by Klaus Gerathewohl |
| MC&DB B-507 | Micro Credit and Development Banking | 3 | Course Description: 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. This course includes 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 Readings 1. Readings in Microfinance: Reach and Impact, Institute of Microfinance and The University Press Limited/ Edited by S. R. Osmani and M. A. Baqui Khaily 2. Attacking Poverty with Microcredit, Palli Karma-Sahayak Foundation and The University Press Limited / Edited by Salehuddin Ahmed and M. A. Hakim 3. Fighting Poverty with Microcredit: Experience in Bangladesh, The University Press Limited / Shahidur R. Khandker |
| RMB B-508 | Risk Management in Banks | 3 | 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 & 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. Text books: 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, Saunders & Cornett 2. Additional reading materials, and guidelines from Central Bank. |
| S&HI I-508 | Social and Health Insurance | 3 | Course objectives: This course is focused on the operations of personal finance and personal insurance market or life and health insurance industry. More specifically students will understand personal finance and use of life and health insurance in personal financing which help them to take decisions to choose the appropriate policy in personal financial management efficiently. Course contents: Economic security, Economics of life and health insurance, Life and health insurance pricing fundamentals, Life and health insurance products, Whole life insurance policies, Universal life insurance policies, Health insurance policies, Life and health insurance contracts, Life and health insurance policy evaluation, Life and health insurance in personal financial planning, Business planning, Health care plans, Health insurance underwriting. Text book: Life and Health Insurance, Kenneth Black Jr. & Harold D. Skipper Jr., Pearson. |
| BE&CG B/I-509 | Business Ethics and Corporate Governance | 3 | 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 & sellers, Corporate governance concept, Corporation, Shareholders, Ownership, Directors, Monitoring, Management, Performance, Corporate governance in the banking industry of Bangladesh, Case studies: Corporations in crisis. Text books: 1. Business Ethics, By A.R. Khan, Ruby Publications. 2. Corporate Governance, by Robert A.G. Monks & Nell Minow, Wiley. Reference books: 1. Prudential Regulations for Banks: Selected Issues, Bangladesh Bank, January 2014, p. 42-59. 2. Corporate Governance, by Kesho Prasad. |
| EB B-510 | Electronic Banking | 3 | 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. Text book: E-Banking & E-Commerce, by Prof. ShibliRubayat-Ul-Islam Reference books: 1. E-banking by Raghunath Desai. 2. E-banking Management: Issues, Solutions, & Strategies by Mahmood Shah & Steve Clarke |
| II I-525 | Islamic Insurance | 3 |
Course objectives: The objective of the course is to introduce the students with the knowledge of Islamic insurance named as Takaful Insurance and its basic differences with conventional insurance. The course covers in-depth study of guiding principles on governance for Takaful undertakings, challenges & opportunities, and regulation & supervision of it. Studying this course will enrich the students with the knowledge of different models used by Islamic insurance companies. Course contents: Concept of Islamic insurance, Difference between Islamic insurance and conventional insurance, Contemporary issues of Takaful, Models of Takaful, Principles on governance for Takaful undertakings, Challenges and opportunities of Takaful, Regulation and supervision of Takaful, Practice of Takaful at Bangladesh, Problems and prospects of Takaful in Bangladesh, Takaful and global market. Text book: Takaful Islamic Insurance, by Riffat, Archer & Volker Reference books: Mathematical application, Case studies on insurance companies, Distinguished relevant articles. |
| IFM B-511 | International Financial Management | 3 | 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 & interest rate parity, Relationship among inflation, interest rate & 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. Text book: International Financial Management, by Jeff Madura. Reference book: Multinational Business Finance, by David K. Eiteman, & I. Stonehill |
| IFM I-511 | Insurance Fund Management | 3 | Course objectives: This course essentially lays the foundation to insurance fund management through Asset- Liability Management perspective and provides a value driven approach to investment decisions for the concerned students. After completing the course, students will be able to understand the ways and means of managing the sources and usage of funds for both life and non-life insurance businesses. The primary focus underlying the course is to maximize upside while minimize downside risks. Course contents: Impact of government policy and regulations on insurance Asset Liability Management, Financial performance analysis of insurance companies, Repricing gap model, Duration gap analysis and convexity, Use of maturity gap model as investment vehicle, Risk adjusted return on capital, Value at risk framework, Reserves management strategies, Application of derivative instruments for hedging, Stress testing within ALM mechanism, Assumptions in assets and liability projections, Assessment of capital risk, Recent studies on ALM risks in insurance companies. Text book: Insurance: from Underwriting to Derivatives: Asset Liability Management in Insurance, by Briys and Varenne Reference books: 1. Management of Financial Institutions, by Anthony Saunders 2. Practical Course Materials on ALM practices by industry experts |
| BFS&P B-527 | Bank Frauds: Detection and Prevention | 3 |
Course objectives: Since the inception of banking business the concept of fraud or scams came into the light by the users, bankers, or even by the third-party outsiders affecting the industry adversely. Bangladesh has the history of bank frauds since post-independence period but got the momentum after 2000s due to Basic Bank’s large-scale scam (2007), Hall-mark-Sonali Bank, Bismillah Group’s credit scam, and the biggest ever financial heist in Bangladesh Bank (2016). Accordingly, it has become of utmost importance to initiate a complete course on Bank frauds at least at the graduate-level. Course contents: Nature and types of bank frauds, Forged signatures, Material alterations: implications for bank, Forged currency notes & counterfeits, Credit card frauds, Computer frauds in banks, Bank robberies, Departmental inquiries & internal audits, Regulatory investigations by BB, NBR& Police, Bank documents their protections, Case analysis on bank frauds and seminar on ‘Bank frauds: role of bankers’. Text book: Bank Frauds: Prevention and Detection, by B. R. Sharma Reference book: Bank Fraud: Using technology to combat losses, by Revathi Subramanian |
| ICM I-512 | Insurance Corporate Management | 3 | Course objectives: This course essentially lays the foundation to insurance fund management through Asset- Liability Management perspective and provides a value driven approach to investment decisions for the concerned students. After completing the course, students will be able to understand the ways and means of managing the sources and usage of funds for both life and non-life insurance businesses. The primary focus underlying the course is to maximize upside while minimize downside risks. Course contents: Impact of government policy and regulations on insurance Asset Liability Management, Financial performance analysis of insurance companies, Repricing gap model, Duration gap analysis and convexity, Use of maturity gap model as investment vehicle, Risk adjusted return on capital, Value at risk framework, Reserves management strategies, Application of derivative instruments for hedging, Stress testing within ALM mechanism, Assumptions in assets and liability projections, Assessment of capital risk, Recent studies on ALM risks in insurance companies. Text book: Insurance: from Underwriting to Derivatives: Asset Liability Management in Insurance, by Briys and Varenne Reference books: 1. Management of Financial Institutions, by Anthony Saunders 2. Practical Course Materials on ALM practices by industry experts |
| FD B/I-513 | Financial Derivatives | 3 | Course objectives: The goal of Options and Derivatives 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. We will focus on quantitative tools, pricing and practical applications. Knowledge of mathematics, including basic calculus and statistics are required. This course will cover a wide array of derivatives, including forwards, futures, options, swaps, caps, floors, collars and exotics. Course contents: Concepts & mechanics of future markets, Futures & interest rates, Forwards/futures prices & interest rate , Swaps, Securitization & the crisis of 2007, Options, Trading strategies involving options, Binomial & Wiener process and Ito’s lemma, B-S-M option models, Currency & futures options, Greeks & volatility smiles, Value at risk, Derivatives mishaps & what we can learn from them. Text book: Options, Futures and Other Derivatives, John C. Hull, Prentice Hull Reference books: 1. Risk Takers, John Marthinsen, Prentice Hall 2. The End of Wall Street, Roger Lowenstein, Penguin Books 3. The Quants, Scott Patterson, Crown Business 4. Daily reading of “The Wall Street Journal” |
| CIB&I B/I-514 | Contemporary Issues in Banking and Insurance | 3 | Course objectives: This course is designed to provide students with a critical understanding of theory & 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 & 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 to the 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. Text book: No specific text book for this course. Relevant articles, research papers, working papers, circulars from Bangladesh bank and IDRA, and selected writings will be followed. |
| DE B/I-515 | Development Economics | 3 | 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 & 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? Text book: Economic Development, by Michael P. Todaro & Stephen C. Smith, Pearson. Reference book: 1. Development as Freedom, Amartya Sen 2. Unnayaner Orthonity, Rizwanul Islam |
| IE&B B/I-531 | Islamic Economics and Banking | 3 | 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 & 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. Text book: Islamic economics: principles & analysis, by Abojieb, Moutaz, Mohamed Haneef, Mohamed Aslam & 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 & Mervyn K. Lewis 2007. Chapters in Handbook of Islamic Banking, M. Kabir Hassan & Mervyn K. Lewis (ed.), Edward Elgar Publishing. |
| SA&PM B/I-532 | Security Analysis and Portfolio Management | 3 | Course objectives: This course is designed to provide the 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: The course deals with the following topics: definition of securities; securities regulation in Bangladesh, the 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. Text books: 1. Investment Analysis and Portfolio Management, Reilly, F.K. & K.C. Brown 2. Investments, Bodie, Z., A. Kane & A.J. Marcus Reference book: Investments: Analysis and Management, Charles P. Jones |
| FM&I B/I-533 | Financial Markets and Institutions | 3 | 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. Text book: Financial Markets and Institutions by Jeff Madura. Reference book: Foundations of Financial Markets and Institutions, Frank J. Fabozzi, Franco Modigliani, Frank J. Jones, & Micheal G. Ferri |
| PA&M B-512 | Project Appraisal and Management | 3 |
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 & type, Project appraisal, Social cost benefit analysis, Project cost estimation, Project financing, Financial appraisal, Project planning & scheduling, Project cost control, Rehabilitation of sick units, Project contracts, Project risk analysis, Options in projects. Text book: Project Management, by K. Nagarajon Reference book: 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 |
| MI I-527 | Micro Insurance | 3 |