Finance

1. Program Description

As the undergraduate program of Finance, you will receive training in the principles of Finance and their application to a range of problems, including financial policy and financial market. Based around a core of monetary economics, Microeconomics, Macroeconomics and Applied Econometrics, the programs offer a wide selection of optional courses reflecting the diverse research interests and expertise of a large faculty body. The goal of this program is to cultivate students’ ability in mastering the basic principle of economics and management and analyzing the practical issues by using statistics and applied financial econometrics. After graduation from this program, the students should become high-level professional talents with profound basic theories and sound specialized knowledge in the fields of finance economics and management and the ability of understanding financial policy and market.

2. Program Duration and Credit

This is a four-year undergraduate program, which can be completed within a minimum of three years and a maximum of seven years. A total of 158 credits are required upon the completion of the program, which include 49 credits from General Education Curriculum, 42 credits from Basic Curriculum, 39 credits from Essential Curriculum and 28 credits from Elective Curriculum.

3. Curriculum

Three modules of courses are offered for this program: Basic Curriculum, Essential Curriculum, and Elective Curriculum. The Basic and Essential curricula are compulsory.

The Elective Curriculum in the list includes extended disciplinary courses offered by the school into which an individual student is admitted, as well as cross disciplinary courses offered by other schools. Students can choose the extended and cross disciplinary courses according to their personal interests and career plans; however, credits should be approved by the School.

（1）Basic Curriculum

Course Code	Course	Credit	Semester	Remark
100701062101	Advanced Mathematics A（I）	6	1
100701062102	Advanced Mathematics A（II）	6	2
100701062108	linear algebra	3	3
100712062101	Probability theory and mathematical statistics  A	5	4
100201152202	Microeconomics	6	2
100201152201	Macroeconomics	5	3
101202152201	Management	3	3
100712152201	Applied Statistics	3	4	Including 1 practice credit
101202152202	Accounting	3	3
100203152201	Introductory Finance	2	2

（2）Essential Curriculum

Course Code	Course	Credit	Semester	Remark
100203153005	Monetary Finance	3	3
100201153003	Econometrics	3	5	Including 1 practice credit
100203153004	International Finance	3	3
100203153010	Investments	3	5	Including 0.5 practice credit
100203153008	Financial Market	3	6
100203153003	Corporate Finance	3	4
100203153002	Risk Management and Insurance	3	6
100203153007	Financial Economics	3	6
100203153006	Financial Engineering	3	7	Including 1 practice credit
100203153009	Commercial Bank Management	2	4
100203153011	Specialized Practice in Economics	4	8	practice course
100201153005	Economics Research and Scientific Writing	2	6
100203153001	Thesis in Economics	4	8	practice course

（3）Elective Curriculum

Course Code	Course	Credit	Semester	Remark
100203154010	Econometrics for Finance	3	7	including 0.5 practice credit
100204154002	International Settlement	3	5
100301154001	Finance Law	3	5
100203154012	Frontier in Finance	3	7
101202154001	Analysis of Financial Statements	3	4
100203154004	International Finance Practice	3	4	Including 1.0 practice credit
100201154011	Mathematical Economics	3	5
100201154012	Marxism Economics	3	2
100201154015	Intermediate Microeconomics	3	3
100201154014	Intermediate Macroeconomics	2	4
100201154002	Industrial Economics	2	3
100203154017	Central Bank and Financial Regulation	2	6
100203154016	Investment Banking	2	6
100203154003	Fixed Income Securities	2	6
100203154007	Behavioral Finance	2	7
100203154008	Structured Finance	2	7
100203154009	FINANCIAL INNOVATION AND INTERNET BANKING	2	5
101202154028	Auditing	2	6
100202154002	FINANCE AND TAX	2	5
100203154013	Innovative Practice	3	7	practice course

(Note: 1. Odd-number semesters are the fall semesters and even-number semesters are the spring semesters in each academic year. 

      2. The asterisk * marks a core course.

4. Core Courses and Introductions

100201152202     Microeconomics      (6 cr.)

Prerequisites:   None

By analyzing interpersonal interactions from point of view of rational choice, microeconomics aims to realize the behaviors behind the social economic phenomenon. As for the course, beginning with rational choices behaved by households, businesses and governments, it concentrates on the interactive relationship between households and businesses (market), businesses and businesses (industrial organization), households, businesses and governments (public choice), in order to explain the function and limit of the market mechanism (or simplified as price mechanism) in allocating resources. Key elements of microeconomics are as follows: First, the microeconomics methodology, or the introduction discuss the implication and mutual relation of methodological individualism (micro), rationalism (economically) and logical positivism (Scientifically). Second, rational choice theory is divided into consumer behavior theory (which explains rational choice behaved by households on product requirement and factor supply) and firm behavior theory (including production theory, cost theory and perfectly competitive firm theory, the analysis of rational choice behavior of perfectly competitive for product supply and factor demand). Third, it analyzes the interactive relationship between households and businesses, including the perfectly competitive market paradigm, the monopoly theory and the monopoly competition market theory. Fourth, it analyzes the interactive relationship between businesses and businesses, including the Oligopoly market theory and the game theory. Fifth, it analyzes the interactive relationship between households, businesses and governments, including the general equilibrium theory, economic efficiency (about the successes and failures in markets), the externality theory, the public goods theory and the asymmetric information theory.

100201152201     Macroeconomics      (5 cr.)

Prerequisites:  None

The cores of macroeconomics are business cycle and economic growth. Within the framework of simple Keynesian model, IS-LM model, IS-LM-BP model, AD-AS model, neoclassical growth model and endogenous growth model, macroeconomics can answer the following questions: What is the primary determinant of the sustainable economic growth in a country? What is the root of the economic fluctuation? What are the primary causes of unemployment? What factors have allowed the rise in price? As a part of global economic system, how will a country’s economic operation affect other countries? Can government policy improve the movement of macro economy?

100712152201     Applied Statistics      (3 cr.)

Prerequisites:  None

It is a main professional course for students majored in management science. The main task is to train students to master the basic theories, methods and techniques and the basic ability of solving economic and social problems in the way of statistics, and lay the theoretical foundation for the subsequent study of econometrics and other disciplines. This course mainly introduces the basic theories and methods of applied statistics, especially emphasizes on the situational judgment used by statistical methods, comparison between different statistical methods and the ability of large-scale data processing and correct interpretation of statistical results. Although this course requires students to master certain knowledge of calculus and probability theory, in the process of teaching, we will reduce mathematical statistical inference process, distinguish applied statistics courses from higher mathematics and theoretical statistics, thereby highlight this course feature that applying statistical methods to the economic and social practice.

The main contents of this course include: statistical introduction, statistical data collection, collation and display, description of statistics distribution, hypothesis testing, analysis of variance, correlation and simple linear regression analysis, the multiple linear regression, time series analysis, statistics and comprehensive evaluation index, principal component analysis and factor analysis, etc.

100203153005     Monetary Finance      (3 cr.)

Prerequisites:  None

This course is a basic and professional compulsory course for financial, economic and management disciplines. The main task is to cultivate the students to have a comprehensive and more profound understanding of the monetary and financial basic theories, basic knowledge and basic methods. This course introduces the general rule of currency, credit and banking activities, the general form of modern finance and economic operation norms, principles, operating procedures, so its content is macroscopic, comprehensive, strategic, microcosmic, individual, strategic and applicable. This course is not only the deepening of the specific macroeconomics and microeconomics, but also the sublimation of the financial economy’s movement rules, operating rules and management method. It is divided into five chapters: the first chapter is basic knowledge, including monetary and currency system, credit and credit instruments, interest and interest rate, foreign exchange and the exchange rate; the second chapter is financial market, including financial market and its composition, financial derivatives market, modern financial market theory; the third chapter is financial institutions, including commercial banks, non-banking financial institutions, central bank; the fourth chapter is monetary theory and monetary policy, including money demand, money supply, monetary equilibrium, inflation and deflation, monetary policy; the fifth chapter is financial development, financial opening and financial regulation, including financial development, financial openness, and financial regulation.

100201153003     Econometrics      (3 cr.)

Prerequisites:  None

It is a main basic course for economics students, which is to help the students master the theory, methods and instruments in quantitative analysis in the field of economics and finance. The content of the course consists of four parts. Part I reviews the basics of probability and statistics for the readers, which aims at connecting those knowledge of probability and statistics with this course. Reader should have some previous background in introductory statistics. Part II introduces the basic analysis tools in econometrics, namely, the classical linear regression model (CLRM). A thorough understanding of CLRM is a must in order to research in the general areas of economics and business. Part III considers the practical aspects of regression analysis and discusses a variety of problems that the practitioner will have to tackle when one or more assumptions of the CLRM do not hold. Part IV discusses two comparatively advanced topics: simultaneous equation regression models and time series econometrics.

100203153004   International Finance     (3 cr.)

Prerequisites:  None

This course is to introduce international finance theory，policy and practice, by especially focusing on the relationship of international monetary finance (movement of international money and international funds); basic rules of movement of international monetary and international funds; international payments, exchange rates of foreign currency, international reserve; international monetary system, movement of international monetary; international financial market and international financial organization. 

100203153010      Investments          (3 cr.)

Prerequisites:  None

It is a main professional course for management science students. The course focuses on the general theory of securities investment analysis, the basic method and skill of securities investment analysis, the theory and practice of securities portfolio investment, Assets and Capital Pricing. And also, covering the behavior and conception of securities investor and variations of securities price in our securities markets, it is to carry on empirical analysis. The course mainly introduces internal reason and essential rule of securities value and price fluctuate

100203153008    Financial Market   (3 cr.)

Prerequisites:  None

This course is a professional basic course for Economic and Finance students. The main task is to explain the basic structure, characteristics, operating mechanism and related theories and methods of the financial market, and lay the theoretical foundation for the following courses. This course mainly focuses on the basic structure of system science and system engineering, market operation mechanism, theoretical method and practice, especially focus on the development of China's financial market, the development process, current situation and trend of China's financial market. Through the course of study, students can clearly understand the basic structure of financial market, the characteristics of various financial markets, operating mechanism and development trend, can understand the characteristics of products in various markets and its application process. The main contents of this course include introduction to financial market: financial market evolution and financial market factors, financial markets function; traditional financial markets: money market, capital market, the gold market, foreign exchange market, insurance market; financial derivatives market: financial long term market, financial futures market, the financial option market, financial swaps; venture capital market: an overview of risk investment market, mode of operation, basic composition,; modern financial theory: efficiency market theory, the pricing mechanism of the financial market, securities portfolio theory, capital length pricing model; financial supervision theory and practice.

100203153003    Corporate Finance     (3 cr.)

Prerequisites:  None

The course is a primary professional course for students majoring in finance, and the main task is to train students to systematically master the basic financial knowledge, pricing theory, investment decision-making methods, corporate financing theory, financing decision-making methods, corporate governance and so on. And then the course trains the students to analyze and solve the companies’ financial problems and lays a theoretical foundation for the follow-up study and scientific research.

This course takes value and value creation as its core, and takes the core to form the logical framework. It mainly teaches the basic theory and method of financial decision-making, especially the practical application of the corporate financial decision theory. Through this course, students can grasp the basic principles and methods of the corporate financial decision and improve the students' abilities to analyze and solve the financial decision of the corporate. In addition, students can use qualitative and quantitative analysis methods to solve practical problems in financial management of the corporate.

There are four parts in this course. The first part is the value analysis. All financial activities of the corporate depend on whether it can achieve the value-added for corporate, and how to choose the investment objective independently with the scientific financial analysis. The second part is the investment decision. Real investment is not reversible, so the investors must make full value evaluation in advance. The module is aimed to choose the investment target and to construct the effective investment portfolio under the condition of the certainty and uncertainty. The third part is the financing decision. This module has a wide and deep discussion on the capital structure from the aspects of tax, agency cost, information asymmetry and so on. And it introduces the basic tactics of modern enterprise financing decision and dividend policy. The fourth part is corporate governance. It mainly elaborates the mechanism of how to protect the investors to get their due reward and other special cutting-edge topics like company mergers and acquisitions. 

100203153009      Commercial Bank Management    (3 cr.)

Prerequisites:  None

The course is the basic course and core curriculum of the business school finance specialty. This course is based on modern commercial bank management theory, the practical development of international bank management as the background, the practice of international banking management as the main research object, with "the commercial bank law of the people's Republic of China”, “Basel agreement" and other laws and regulations. Based on the brief introduction of organization structure, operation principle, strategy, and development trend of commercial banks, the course extensively introduces main business operation regulations and innovation activities of commercial banks such as debts business, assets business, middle business and international business. It also analyzes the variety management methods of commercial banks’ capital, assets, debts and risk, and discusses how to evaluate the operation and account report of commercial banks.