Regulations for the PhD Program of the Department of Money and Banking
(Apply to all PhD students)
Approved by the Department Administration Meeting on 21 May 1999
Amended by the Department Administration Meeting on 16 March 2000
Amended by the Department Administration Meeting on 17 January 2001
Amended by the Department Administration Meeting on 6 December 2001
Amended by the Department Administration Meeting on 6 May 2012
Amended by the Department Administration Meeting on 3 April 2003
Amended by the Department Administration Meeting on 26 September 2003
Amended by the Department Administration Meeting on 28 April 2004
Amended by the Department Administration Meeting on 2 April 2008
Amended by the Department Administration Meeting on 28 October 2010
Passed by the Department Administration Meeting on 11 June 2012
Approved by the Department Administration Meeting on 17 May 2013
Approved by the Department Curriculum Committee on 17 June 2013
Approved by the Department Curriculum Committee on 1 April 2014
Approved by the Department Curriculum Committee on 4 November 2015
Approved by the Department Administration Meeting on 12 April 2016
- Graduation credit requirements: The minimum graduation credits are 45 course credits (excluding dissertation).
- Program requirements
1. There are 7 required courses (totaling 20 credits), and a maximum of 12 course credits earned from other departments will be recognized.
2. Required courses for semester 1 of year 1: Advanced Microeconomics Seminar, Advanced Macroeconomics Seminar, and Advanced Quantitative Methods Seminar.
3. Required courses for semester 2 of year 1: Financial Economics I, Advanced Econometrics Seminar (interchangeable with credits of Econometrics).
Required course for semester 1 of year 2: Financial Economics II.
Required course for semester 1 of year 3: Financial Seminar.
Required course for semester 2 of year 3: Financial Seminar.
4. Students can take courses not offered by this department from other departments, provided that they must apply for approval to the department chairperson and their advisors (supervisors) before selection.
III. Program notice:
1. No part-time or full-time job: PhD students shall sign a statement stating that they will not engage in any part-time or full-time job on or off the campus (except as research assistants of the department’s post-graduate programs) before passing the qualifying examination. PhD students who violate this condition shall be disqualified from taking the qualifying examinations in that year.
2. PhD students intending to work on a part-time basis shall make an application to the Doctoral Program Committee in advance and shall work on a part-time basis only after obtaining a committee approval.
3. Doctoral Program Committee: The Doctoral Program Committee is formed by three to five committee members to carry out the following duties:
(1) Advise PhD students to select courses based on their academic background.
(2) Assist PhD students in finding a thesis adviser (supervisor).
4. Couse selection proposal: After enrolling in a PhD program, PhD students shall submit a course selection proposal under the supervision of their subject advisor (supervisor). The proposal contents shall meet the total course credits and program requirements specified in clauses 1 and 2. A subject advisor (supervisor) may require a PhD student to take courses from the master’s program or other related courses based on the student’s academic background, provided that the credits earned from such courses will not be included in the course credit requirements of the PhD program. This course selection proposal shall be reported to the department for approval after it is consented by the Doctoral Program Committee. The same shall apply to any amendments thereof.
IV. Qualifying examination
1. Qualifying examination subjects: Economics Theory (including Microeconomics and Macroeconomics); and Financial Engineering or Financial Management (choose one of two).
(1) Both Microeconomics and Macroeconomics will be included in the examination, and the passing score is 70 marks (the sum of both subjects). If the score of any subject is below 70% of that subject, students will only need to re-sit the failed subject. If the re-sit score is still below the passing score (70%), the whole subject is failed for one time, and a student will need to re-sit both subjects in Economics Theory.
2. Examination time: Within three weeks after the end of each semester.
3. Registration time: The registration for the qualifying examination is available between December 1 and May 1 every year. A student may apply for a withdrawal within one week after the registration closing date.
4. Questions of a qualifying examination will be drafted by two or more professors (one of whom must be an off-campus faculty member). A qualifying examination committee with at least three members (the department chairperson is the ex-officio member) will be established for each subject. Questions of a qualifying examination will be drafted by two or more professors. In general, drafters are entitled to determine if a student passes the qualifying examination. When there are disputes, however, such disputes shall be settled through the majority vote of all committee members.
5. The passing mark of each subject is 70 points out of the total of 100. Students failing a qualifying examination must re-sit a qualifying examination for not more than one time. Students failing both qualifying examinations will be expelled from the program.
6. Alternatives for qualifying examination subjects
(1) Economics Theory (including Microeconomics and Macroeconomics): Students who are ranked at the top 50% in class of that subject may apply for an exemption from the qualifying examination. (Applies to all PhD students)
(2) Economics Theory (including Microeconomics and Macroeconomics) and Financial Engineering or Financial Management: Students may be exempted from the qualifying examinations with published journal papers using an anonymous external review system on the one paper for one subject basis, provided that each paper shall only be used once. (Applies to all general students)
(3) Economics Theory (including Microeconomics and Macroeconomics): Students may be exempted from the qualifying examination with published journal papers using an anonymous external review system on the one paper for one subject basis, provided that each paper shall only be used once. Financial Engineering or Financial Management: Students may be exempted from the qualifying examinations with a published journal papers using an anonymous external review system on the one paper for one subject basis, provided that each paper shall only be used once. (Applies to on-the-job students)
(4) An on-the-job student may publish a monograph after enrolling in the PhD program. With the approval of two thirds of the attendees of a department administration meeting, a student may be exempted from the qualifying examination of one subject with this monograph. (Applies to on-the-job students)
V. PhD candidacy: After completing the courses (totaling 45 course credits) listed in clause 2-(1) and passing the qualifying examinations and dissertation topic oral examination, a PhD student will become a PhD candidate.
VI. PhD dissertation
1. Dissertation advisor (supervisor): After passing the qualifying examinations, a PhD student may invite a full-time professor or a full-time associate professor of this department to be his/her principal dissertation advisor (supervisor) with the approval of the department chairperson. With the approval of the department chairperson (a PhD student will be requested to explain in a department administration meeting where necessary), a PhD student may invite an off-campus faculty to be his/her dissertation advisor (supervisor), and only one off-campus advisor (supervisor) is allowed. Not more than three dissertation co-advisors (co-supervisors) are allowed, including only one off-campus advisor (supervisor).
2. Dissertation topic review: After selecting a topic, a PhD candidate should write a research proposal under the supervision of his/her advisor(s) (supervisor(s)). After completing the research proposal, the department will form a dissertation review panel formed by at least five members, including the advisor(s) (supervisor(s)) of a PhD student and an on- and off-campus professors (or associate professors). No less than one third of the panel members should be off-campus professors (associate professors). With the approval of two thirds of the panel members, the dissertation topic of a PhD student passes. A PhD student must apply for a dissertation topic oral examination held publicly within one year after passing the qualifying examinations. An oral examination must be attended by at least three quarters of the panel members. A panel member shall submit a written explanation for his/her absence. When members of a dissertation panel are changed in the future, a written explanation shall be submitted to the PhD Program Committee for approval.
3. Termination of supervision: An advisor (supervisor) may terminate dissertation supervision with the approval of the department chairperson under any one of the following circumstances:
(1) A PhD student fails to select courses or write the dissertation based on the advisor (supervision)’s instructions.
(2) A PhD student persistently skips the appointments with the advisor (supervisor) without justifiable reasons.
4. Application for dissertation examination: Before applying for a dissertation examination, a PhD student must fulfill the English proficiency requirements (TOEIC 750 and above or other equivalent English proficiency tests); and publish one accepted paper (can be co-published with a faculty) written after enrolling in the PhD program and approved by the PhD Program Committee in a domestic or foreign journal designated by the department. (Please refer to the enforcement rules for other related requirements. )
5. Degree examination committee
(1) A PhD degree examination committee is formed by at least five on- and off-campus professors or experts, including as least one third of department faculties and one third of off-campus professors. The president shall select the committee members and the department chairperson shall appoint a convener who must not be the advisor (supervisor) of the candidate taking the examination.
(2) Off-campus members must be an assistant professor or above.
(1) After approving the qualifications of the committee members, the PhD Program Committee shall submit the list to the president for appointing them.
(2) Part-time faculties of this school can be off-campus members.
6. Degree examination
(1) A degree examination is conducted in the form of an oral examination (viva voce) opened to the public. An oral examination (viva voce) shall be attended by all committee members.
(2) The passing score is 70 points out of 100. The score is the average score voted anonymously by all committee members. Each member can make one vote.
(3) When one third or more committee members fail a candidate in the examination, the candidate fails the examination.
(4) A fail candidate may re-sit a degree examination in the next semester if the maximum deferral does not expire. Each candidate can re-sit a degree examination only once. A candidate fails the degree examination in a second attempt will be expelled from school.
1. Amendment: Matters not provided for in these Regulations shall be subject to relevant regulations of the Ministry of Education and this University. Related regulations are thus subject to change accordingly. These Regulations are subject to amendments by the resolution of the Department Administration Meeting in response to the instruction, research and academic needs of this Department.
2. Implementation: These Regulations shall be implemented as of the academic year 1999.
I. The dissertation oral examinations (viva voce) of the PhD program shall be conducted in two parts: a prelim and a final. The interval between each part shall at least be one month.
II. There is no time limit on the score of the English proficiency test. When a candidate failing to meet the graduation requirements may submit the score of the previous English proficiency test and take a course for English proficiency test (English Extension Course) offered by the Foreign Language Center in the next semester.
Journal Publication Recognition Scheme for PhD and Master’s Programs of the Department of Money and Banking, National Cheng Chi University
Approved by the Department Administration Meeting on 11 April 2001
Amended and approved by the Department Administration Meeting on 30 October 2001
Amended and approved by the Department Administration Meeting on 15 May 2002
Amended and approved by the Department Administration Meeting on 3 June 2003
Amended and approved by the Department Administration Meeting on 15 January 2008
Amended and approved by the Department Administration Meeting on 17 September 2009
Amended and approved by the Department Administration Meeting on 24 June 2011
1. Publish one paper in a JEL or SSCI foreign journal.
2. Publish one paper in domestic journals including Journal of Financial Studies, Review of Securities and Futures Markets, Journal of Managements in China, Taiwan Economic Review, Taiwan Economic Forecast and Policy, Sun Yat-Sen Management Review, NTU Management Review, a journal of the Research Center for Humanities and Social Sciences, Academia Sinica, Management Review, and other TSSCI journals.
3. Publish two papers on the TSSCI observation list.
Definition of one paper:
(a) Student as the only author: One paper.
(b) Student as a co-author: Another author must be an active full-time assistant professor or above of the department: One paper.
(c) Three authors: At least one of them must be an active full-time assistant professor or above of this department, and if one of the other two authors is a faculty member, the other one is a student, the student will be awarded points for one paper. If the other two authors are both students of this department, one paper will be recognized for one student, and no papers will be recognized for the other students. No points will be awarded for other situations.
(d) Four authors: At least two of them must be active full-time assistant professors or above of this department, and the other two authors must be students of this department, one paper will be recognized for one student, and no paper will be recognized for the other students.
(1) TSSCI official list: Considered as one paper.
(2) TSSCI observation list: Considered as 0.8 paper.