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Research Center


Financial Engineering Master’s Program, NCCU
January 5, 2012
Amended June 5, 2017
Enquiries: Professor Szu-lang Liao (Ext. 81251, Faculty Office: Room 261251, 12F, NCCU College of Commerce)
 
  1. Program goals
The aim of this program is to advance the research and instruction in financial engineering in Taiwan, prepare excellent financial engineering talents for the future and encourage outstanding students in related fields to study financial engineering.
  1. Foci and objectives of development
This program is designed to equip students with good knowledge in the theoretical background of derivatives pricing. More importantly, we aim to enable students to truly understand the different evaluation models, hypotheses, applicability and limitations of different financial products, as well as various hedges. In this program, we will train students to review the behavioral performance of models in different market scenarios, explore the verity of hypotheses and discern the results from hypothesis changes. Students will learn how to evaluate products and hedge with models and assess the effectiveness of hedges in different market conditions.
Program contents cover four fields: mathematics, statistics, economics, and finance Courses relating to mathematics and statistics are offered by the Department of Applied Mathematics and the Department of Statistics. Courses relating to economics will be offered by the Department of Economics. Courses relating to finance are offered by the Department of Finance and Department of Money and Banking. In this program, we will teach students how to interpret a topic with computer simulation for students to apply the theories they have acquired at each stage.
Teaching objectives of program
  1. Internship design
In this program, we will team up with securities companies to provide students with internship opportunities for students to engage in research and development work at the R&D department of securities companies.
  1. First world-class financial engineering master’s program in Taiwan
While the demand for advanced financial engineering talents became desperate as derivatives began to be launched on the domestic market in 1999, graduates of our Financial Engineering Master’s Program have become the most sought-after talents in the business. The Financial Engineering Master’s Program of NCCU has even maintained the school’s leadership in the financial engineering area.
  1. Prospective students
Students enrolling to the master’s programs of NCCU.
  1. Program requirements
  • Master students must obtain 21 course credits in this program.
 
 
 
 

 
List of Courses of the Financial Engineering Program
Mathematics Courses Course Name Required/Elective Course credits Remarks
Mathematics Courses Linear Algebra I (undergraduate)
Numerical Analysis I (undergraduate) or related courses 
Real Analysis
Required
Required
Elective
3
3
3
Students may apply for alternative courses of similar types in NCCU. Such courses will be determined by the curriculum committee.
Statistics courses Probability Theory I or Probability Model (under
graduate) or related courses
Time Series
Mathematical Statistics
Required
 
Elective
Elective
3
 
3
3
Economics courses
  • Econometrics Theory and Method
Elective 3
Financial courses
  • Financial Engineering and Financial Innovation I
  • Financial Numerical Analysis
  • Quantitative Methods in Finance I
  • Investment
  • Financial Engineering and Financial Innovation II
  • Options
  • Futures
  • Fixed Income and Mortgage Based Securities
  • Interest Rate Derivatives
  • Advanced Financial Management or Financial Economics
Required
Elective
Required
Elective
Elective
Elective
Elective
Elective
Elective
Elective
3
3
3
3
3
3
3
3
3
3
Information Courses Programming Language (post-graduate) Required 3
 
  1. Program start date: September 2010
  2. Application for admissions: Since the second semester of academic year 2017, we started the admission by advance application scheme. Students wishing to enroll in this program should submit a written application data to the Department of Money and Banking in April after application is announced. Application data shall include an application form and academic transcripts. Applications must be approved by the program committee before students are allowed to enroll in the program.
  3. Certificate application deadline: Master’s students must apply for a certificate of completion to the Department of Money and Banking by the end of each June.
  4. Certificate application procedures: The program committee will review the status of master’s students who have completed this program and transfer their documents to the NCCU College of Commerce for confirmation.
  5. The NCCU College of Commerce will confer a certificate of completion upon master’s students who have completed 21 course credits of the Financial Engineering Program.
  6. Program Committee
(1) The Program Committee is chaired by a convener who is concurrently the director of the Center for Financial Engineering.
(2) The Program Committee is formed by the convener with faculties in fields relating to financial engineering and chairpersons of other departments or scholars they recommend.