Graduate Program

Course Credit: 3

Course Credit: 3

Course objectives: The purpose of this course is to apply micro economic concepts and techniques in evaluating business decisions taken by firms. The emphasis is on explaining how tools of standard price theory can be employed to formulate a decision problem, evaluate alternative courses of action and finally choose among alternatives. Course contents: This course offers the scope and coverage of the subject; Matter use of mathematical logic, graphs and models; firm, household and the national economy; theory of demand and supply, equilibrium and shifts in substitution effects; regression techniques and demand estimation; theory of production, economies of scale, factor productivity; cost theory and factor pricing: classification of costs; short- and long-run trend, average and marginal cost and revenue; theory of production: scale and factor productivity, determination of marginal values, optimization of costs and output; market structure: monopoly, oligopoly, monopolistic competition and perfect competition, price and output decisions under different market forms; technological change, productivity and economic growth; business environment, investment climate and government policy. Textbook: 1. Managerial Economics, by H. C. Peterson and W. C. Lewis

Course Credit: 3

Course objectives: This course presents the underlying framework and concepts of financial accounting in the context of how accounting fits into the overall business environment. Students will learn how accounting functions as an information development and communication system that support economic decision making and provide value to entities and society. Course contents: Accounting cycle, accounting equation, concepts and principles, International Accounting Standard, preparation of work sheet, merchandising operations and inventory management, accounting for partnership, issue of common stock, bonus and right issue, and depreciation strategies of tangible and intangible assets, statement of cash flows, corporations: organization and capital stock transactions, plant assets, natural resources, and intangible assets. Textbook: 1. Accounting Principles by Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso Reference books: 1. Fundamental Accounting Principles by Kermit D. Larson, John J. Wild, Barbara Chiappetta 2. Advanced Accountancy, Volume-I: Principles of Accounting by S.P. Jain, K.L. Narang

Course Credit: 3

Course Credit: 3

Course Credit: 3

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 Credit: 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 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 Credit: 3

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: 1. 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 Credit: 3

Course Credit: 3

Course Credit: 3

Course Credit: 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 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: Business Ethics by A.R. Khan Corporate Governance by Robert A.G. Monks and Nell Minow Reference books: Prudential Regulations for Banks: Selected Issues, Bangladesh Bank, January 2014 Corporate Governance by Kesho Prasad

Course Credit: 3

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

Course Credit: 3

Course Credit: 3

Course Credit: 3

Course Credit: 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 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: 1. 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 Credit: 3

Course objectives: This course is intended to cover all the dimensions of bank management ranging from deposit, asset-liability management, liquidity, credit, investment to equity management. While studying, the students are expected to understand different categories of services offered by a commercial bank, measure and evaluate the performance of a commercial bank, find the interest sensitive GAP and its impact over the asset portfolio of the bank, understand different money market and capital market instruments that are used as vehicle for investment, ways to manage the liquidity and reserve of a commercial bank, and set and evaluate strategies to pricing a bank’s deposits and loans. Course content: Overview of the changing financial services industry, impact of government policy and regulation on industry, organization and structure of the industry, measuring and evaluating the performance of banks; risk management for changing interest rates: ALM and duration gap; investment function in financial services management, money and capital markets instruments, liquidity and reserve management strategies and policies, managing and pricing deposit, management of capital and capital adequacy, state of Basel I, II and III implementation; lending policies and procedures: managing credit risk; lending to business firms and pricing business loans, bank collateral management. Textbook: Bank Management and Financial Services by Peter S. Rose andSylvia C. Hudgins Reference books 1. Management of Financial Institutions by Anthony Saunders 2. Investments by ZviBodie, Alex Cane andAlan J. Marcus

Course Credit: 3

Course Credit: 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 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. Textbooks: 1. Islamic Economics: Principles and Analysis by Adam Abdullah, Mohamed Aslam Haneef, MustafaOmar Mohammed and Moutaz Abojeib 2. Islamic Banking: An Introduction and Overview by M. Kabir Hassan and Mervyn K. Lewis

Course Credit: 3

Course objectives: This course has been designed to give students a practical orientation about taxation system of Bangladesh. Student will learn to calculate the personal income taxation, business taxation system and regulations involved in this taxation process. Upon completion of this course students will master in taxation system of Bangladesh and its importance in economic and financial system of the country. Course contents: Taxation and its scope, Bangladesh income tax, Basics of income tax, Income and its classification, Assessment, Calculation of taxation: income from salary, income from interest and securities, income from household properties, income from agriculture, income from business and profession, income from Capital Gain, Custom and other taxes, Value Added Tax. Text book: Bangladesh Income Tax Theory and Practice, Dr.Nikhil Candra Shil, Mohammad Zakaria Masud, & Mohammad Faridul Alam

Course Credit: 3

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, Bank deposit insurance act- 2000, Money laundering prevention act- 2002 and 2012 (Amended), Money loan court act- 2003, Insurance development and regulatory authority act-2010. Text books: 1. Bank Company Laws of Bangladesh, Prof Dr. Md. Altaf Hossain 2. The Law of Banking and Insurance, Asaduzzaman, Mohammed Sheikh Sadi, Md. Mamunur Rashid Reference books: 1. Banks and Legal Environment, Dr. R. M. Debnath, 2017-2018. 2. Bank Company and Securities Law, S.M. MasudRana

Course Credit: 3

Course Credit: 3

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 Credit: 3

Course Credit: 3