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1.       Students must complete at least 45 Credits for graduation. Of which 20 units is required (8 Courses), and the other elective courses taken beside of the Department of Money and Banking will be recognized no more than 12 credits.

2.       Required course in 1st year:

l   Fall: Seminar in Advanced Microeconomics, Seminar in Advanced Macroeconomics, Advanced Quantitative Methods, academic ethics.

l   Spring: Financial Economics I , Seminar in Advanced Econometrics(can transfer Econometrics III as)

3. Required course in 2nd year:

l   Fall: Financial Economics II

4.       Required course in 3rd year:

l   Fall: Topics in Financial Economics

l   Spring: Topics in Financial Economics

5.       Students can take the courses in other department only when it is pre-approved by the Department Chairman or your adviser.



1.    Can’t take the part time jobs. PhD candidates need to express notice in writing that they won’t take the part-time or full time jobs, except teaching assistants (TAs) in the Department before passing the qualification exam. If there is a violation, the student will be forbidden to take the qualification exam that semester.

2.    If students need to take a part-time job (only at NCCU), need to be approved by the committee.

3.    Committee for the PhD: there are 3-5 members, and the main responsibilities are:

1)    Consult with students about progress and help them select courses.

2)    Help students select their main advisor.

4.    The Director of Graduate Study is the official advisor to all graduate students and is available to consult with students about progress and help them select courses. The PhD candidate should propose a studying plan with the DGS’s help. The studying plan needs to comply with the rules. The Director of Graduate Study can ask the students to take the related course of the department and the credits won’t be counted in the credits for graduation.


Qualification Exam

1.       Subject: Economics theory (include Microeconomics and Macroeconomics), Financial engineer or financial management.

2.       The passing grade for Economics theory is 70. Those who do not pass the 70% for Microeconomics or Macroeconomics have the option of retaking the exam the next time for only Microeconomics or Macroeconomics. Those who fail a second time are deemed to have not made satisfactory academic progress, and need to retake the Economics theory for both Microeconomics and Macroeconomics.

3.       Application deadlines for the qualification exam are 1st December and 1st May. You can cancel it within one week. And the exam will be hold 3 weeks after the final exam every semester.

4.       There will be a committee for every subject. The exam will be assigned by more than two professors on the committee, include one professor outside of NCCU.

5.       Both the subject must be passed with 70/100 or better. Those who fail the exam must retake it. Students who fail their second time are deemed to terminate the Ph.D. program.

6.       The substitution for qualification exam:

l   Economics theory:

Students can apply to transfer the credits to the qualification exam if they are in the top 50 percent of his class.

l   Economics theory and Financial engineer or financial management:

The courses can be transferred by publishing the journal paper which is under the outside anonymous-review process. One paper can be transferred to one course and only once.


PhD candidate

Students need to finish all the required 45 credits and pass the qualification exam to receive the qualification of PhD candidate.



1.    Dissertation advisor:

After the qualification exam, the student can apply for thesis advisors. The thesis advisors must be our Department's full-time faculty members. If necessary, the thesis advisor can recruit at most one professor of a similar domain from outside NCCU after his/her application to the Evaluation Committee is approved.   Co-adviser can’t more than three people and at most one is outside the NCCU.

2.    Dissertation Proposal:

After the PhD candidate decide the topic, the thesis advisor should submit the list of committee members recommended for the oral examination of thesis proposal and thesis defense to the Evaluation Committee. At least five committee members for the oral examination of dissertation proposal and 1/3 of them must be from outside NCCU. 3/4 members of the Evaluation Committee must attend the proposal, and need to approved by at least 2/3 members of the Evaluation Committee. The proposal should be publicly proceeded within a year after the qualification exam.

3.    Stop advising:

If the PhD candidate don’t follow the dissertation advisor’s guidance or lose contact with the advisor without appropriate reason, the advisor can stop advising after the department chairman’s approval.

4.    Apply for the oral defense:

Before applying for the oral defense, the PhD candidate have to publish at least one paper or accepted by one of the journal assigned by the department. The paper need to be made after the doctor program and reviewed by the committee.

5.    Examination committee for oral defense:

A doctor’s examination committee for oral defense shall be composed at least five members consist of more than 1/3 from the department and 1/3 out of the NCCU and appointed by the university president. The dissertation advisor can be the convener.

6.    Oral defense:

l   The oral defense should be publicly proceed, and all the examination committee for oral defense members need to be in person.

l   The defense must be passed with 70/100 or better, averaged by all the members’ anonymous vote.

l   If more than 1/3 members rate it below 70, the oral defense is failed.

l   The PhD candidate can give the oral defense one more time throughout the normative study period. If the candidate still fail the defense, the candidate should be dismissed.