Training Scheme of the Master Program in Financial Engineering-中泰证券金融研究院

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Training Scheme of the Master Program in Financial Engineering

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Training Scheme of the Master Program in

(Speciality Code：070121)

I、Educational Objectives

The goal of this program is to help the graduate students build solid theoretical foundation and systemic professional knowledge. They should have the ability to conduct scientific research and to work in the areas of financial mathematics independently. Specific requirements are as follows:

1. Master the theoretical foundation and the latest progress in this field. Be able to research and work independently.

2. Know well of Chinese language. Be familiar with Chinese cultures.

3. Maintain physical and mental health..

II、Research Directions

1. Stochastic Analysis and its Applications in Mathematical Finance

2. Mathematical Theories and Applications in the Insurance and Finance

3. Financial Mathematics, Financial Engineering and Financial Management

4. Financial Statistics

5. Mathematical Economics

III、Program Length

The length of this program for full-time students is 3 years. In principle, students cannot graduate in advance. However, special outstanding person may apply to graduate in advance but no earlier than one year ahead of schedule. Those who apply for early graduation should have at least one SCI paper published besides the completion of courses the program requires, and also the permission of the Academic Degrees Committee. In addition, the paper published requires the student to be the first author and Shandong University to be the author’s affiliation.

IV、Training Methods

We will use the first-level discipline training mode according to the classification by Ministry of Education of the People’s Republic of China. In this program every student will have two advisors to guide their courses and research.

V、Credits Requirement

During this program 30 credits are needed, among which 24 credits are for required courses (Advanced Lecture and Social Practice included), and 6 credits for optional courses.

VI、Types of Courses

Graduate courses include required courses and optional courses.

1. Required courses

Required courses，which embrace Common Courses, Discipline Basic Courses, Specialized Core Courses, are a kind of courses postgraduate students must take to meet the requirements of educational objectives and guarantee the cultivate quality of postgraduate students. In general, Discipline Basic Courses are set up by the first-level discipline, while the Specialized Core Courses by the second-level discipline.

The Common Courses set by the university include:

(1) Understanding Chinese Society, 3 credits;

(2) Chinese (HSK), 3 credits.

The Common Courses set by every discipline include:

(1) Professional Chinese, 2 credits, examined by the school.

The aim of this course is to help the graduate students master the skills of scientific writing and the ability of international academic communications. If the student can pass the exam of two or more Specialized Core Courses taught in Chinese, he can be free from taking professionalChinese course.

(2) Discipline Basic Courses:Advanced Probability Theory andAdvanced Mathematical Statistics.

(3) Specialized Core Courses (two should be chosen from the following four courses):Stochastic Processes, Backward Stochastic Differential Equations and Application, andLinear Models.

(4) Advanced Lecture, 2 credits.

This course is aimed to make the students be acquainted with important theories and latest advances in their subject, and toimprove the students’ interest of scientific study and the abilities of academic research. This course is set in the form of seminar, academic forum andacademic conference.

The exam are divided into two parts: 1) attending no less than 15 lectures held by the scholars and registered every time by the signature of student’s advisor or the person in charge. 2) Submitting two reports. The report can be the notes of lectures students gave in seminars or on the research the students are doing. The report should be no less than 2000 words. The grade of this course including excellent, good, medium, pass and fail will be given by a group of teachers with short comments. At the end of the fifth semester, the registration form for this course should be submitted to Postgraduate Studies Office, including class records (no less than 15 times), evaluation form and reports (2 pieces).

(5)Social Practice, 2 credits scored.

In order to help the students combine their professional knowledge with practical problems and situations, the College will provide graduate students with teaching practice and research practice in school. Internship outside the campus might also be available. Social practice should not be less than 64 hours.Teaching practice evaluation form orSocial practice evaluation form for postgraduate students in Shandong University should be filled by students. Grades and reviews will be given by the teacher in charge..

2.Optional Courses

Optional Courses are set to strengthen students’ knowledge in particular directions or broaden students’ scope of knowledge.

Optional Courses include Specialized Optional Courses and Non-specialized Optional Courses. Non-specialized Optional Courses included the courses set up by other first-level disciplines and Public Optional Courses set up by the university. Selecting courses set up by other disciplines is encouraged.

Public Optional Courses set up by our university:

(1)Second Foreign Language (4 hours per week; 2 credits a semester);

(2)PE (1 credit a semester);

(3)Psychology Course (1 credit).

（4） One should choose no less than 2 Specialized Optional Courses set up by every discipline, which can be found in the professional courses table.

3.Supplementary Courses

Students graduate from other subjects or an equivalent education level must take a supplementary course held for undergraduate students in Mathematics. The courses are Mathematical Analysis, Advanced Algebra, and Ordinary Differential Equations. Please refer to professional courses table for more details.

VII、Mid-term Evaluation

The mid-term evaluation will be held at the end of the third semester or in the beginning of the fourth semester. At that time, the graduate students should finish all the classes required by the program and determine the topic and writing plan of the graduate thesis. The following aspects will be evaluated:

Learning Ability:

It mainly accords to the final examination results in combination with research ability and level of professional foreign language.

(1) Comprehensive exam:

The exam will cover required courses and some key optional courses. It can be held in the form writing test, oral test or both. A test for the professional foreign language will also be organized by the department.

(2) Students’ research ability will be evaluated by their thesis proposal, reviews (no less than 2000 words) and their research results. The thesis proposal report will be held in public.

Those who fail the mid-term evaluation will follow the relative regulations of detailed rules inThe Graduate Students Status Management in Shandong University.

VIII、Thesis

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Thesis writing is a comprehensive training of graduate’s research capacity. It determines whether the graduate can get his or her degree. In the thesis, the author should propose new insights of the field he or she is researching, to indicate that the author has the ability to undertake independent scientific research or specialized technical work.

Graduates should spend not less than one year on thesis writing and related research. Thesis proposal, mid-term examination and thesis defense are very important parts of the program.. The thesis proposal report will be held in public. A literature review no less than 2,000 words should be submitted too.

1. Topic selecting and Thesis Proposal

Students should determine the topic of the graduate thesis at the beginning of the third semester under the guidance of their advisors. The topic should be innovative and feasible and it should be relative to the projects of the department, such as the National Natural Science Foundation, the National Social Science Fund Project, Doctoral Fund Projects, Key Research Projects above provincial and ministerial level, Academic Research of Key Discipline, Key Laboratory and Key Research Base Projects.

Thesis writing plan should be submitted to the Thesis Defense Committee in fourth semester, along with the thesis proposal and a literature review report no less than 2000 words. Students can continue with the topics they choose after the approval of the Committee.

2. Regular Progress Checks Dissertations

The graduate students should report on their thesis writing progress regularly to their advisors the research group. The advisors have the responsibility to give advices and help the students solve difficult problems to finish their thesis writing. Detailed writing requirements relevant provisions of Graduate Thesis can be found inDissertation Specification of Shandong University (Trial). The thesis should be completed in the fifth semester.

3. Comprehensive Review of the Thesis

Graduate students should report the progress and the achievements of their graduate thesis to their advisors, related professional teachers, and members of the steering group 3-5 months before thesis defense. Abstracts, which of the thesis wrote by English-taught students, must bein Chinese. The thesis should be no less than 20,000 words. Pre-defense is recommended.

4. Quality assurance of Degrees Conferment

The advisors, steering group members, Thesis Defense Committee and the department should make sure the student is qualified to get the degree. 10% of the thesis will be anonymously reviewed by experts from other Universities. The thesis and thesis defense will not be valid if the thesis failed the anonymous review.

5. Publication Requirements

During the postgraduate period, it is a comprehensive training to write dissertation which is an important basis to measure postgraduate comprehensive capacity and ability to obtain a degree. Students are encouraged to publish papers in high-level academic journals before graduation. The paper published requires the student to be the first author and Shandong University to be the author’s affiliation. Academic Main academic journals are showed below

6. References

SCI, EI and "AAS" (CASIA) of this field,Systems Science and Mathematics (CAS system),Journal of Applied Mathematics,Mathematics Physics,Operations Research Journal,Frontier of Mathematics,Algebra Colloquium,Mathematics ,Annals of Mathematics ,applied Probability and Statistics,Software,Journal of Computational Mathematics,Dynamics of Continuous, Discrete and Impulsive Systems，Seris A

VIIII、SCI Journals Catalogue of This Discipline:

ABSTRACT AND APPLIED ANALYSIS；

ACTA APPLICANDAE MATHEMATICAE；

ACTA ARITHMETICA；

ACTA MATHEMATICA HUNGARICA；

ACTA MATHEMATICA SCIENTIA；

Acta Mathematica Sinica；

Acta Mathematica Sinica, English Series；

ACTA MATHEMATICA SINICA-ENGLISH SERIES；

Acta Mathematicae Applicatae Sinica；

ACTA MATHEMATICAE APPLICATAE SINICA-ENGLISH SERIES；

ACTA MECHANICA SINICA；

Acta. Math. Hungar.；

Adv Comput Math；

Advances in Mathematics；

Advances in Water Resources；

AEQUATIONES MATHEMATICAE；

ALGORITHMICA ；

ANAIS DA ACADEMIA BRASILEIRA DE CIENCIAS；

Ann. Polon. Math；

ANNALES ACADEMIAE SCIENTIARUM FENNICAE-MATHEMATICA；

ANNALES POLONICI MATHEMATICI；

ANNALS OF PROBABILITY；

ANNALS OF STATISTICS；

ANZIAM JOURNAL；

Appl Math Optim；

APPLICABLE ANALYSIS；

APPLIED MATHEMATICAL MODELLING；

APPLIED MATHEMATICS AND COMPUTATION；

APPLIED MATHEMATICS AND MECHANICS-ENGLISH EDITION；

APPLIED MATHEMATICS LETTERS；

ARCHIV DER MATHEMATIK；

ARS COMBINATORIA；

Ars Combinatoria；

ASIAN JOURNAL OF CONTROL；

ATMOSPHERIC ENVIRONMENT；

AUTOMATICA；

Bernoulli；

BMC Bioinformatics；

Bull. Korean Math. Soc.；

Bull. Malays. Math. Sci. Soc.；

BULLETIN OF THE KOREAN MATHEMATICAL SOCIETY；

C. R. Acad. Sci. Paris；

C. R. Acad. Sci. Paris, Ser. I；

Calcolo；

Canad. J. Math.；

Cent. Eur. J. Math.；

CHAOS SOLITONS & FRACTALS；

Chinese Annals of Mathematics；

CHINESE ANNALS OF MATHEMATICS SERIES B；

CHINESE JOURNAL OF ELECTRONICS；

CIRCUITS SYSTEMS AND SIGNAL PROCESSING；

Commun. Math. Phys.；

COMMUNICATIONS IN ALGEBRA；

Communications in Algebra；

COMMUNICATIONS IN MATHEMATICAL PHYSICS；

COMMUNICATIONS IN NONLINEAR SCIENCE AND NUMERICAL SIMULATION；

COMMUNICATIONS IN STATISTICS-THEORY AND METHODS；

COMMUNICATIONS IN THEORETICAL PHYSICS；

Complex Variables and Elliptic Equations；

COMPTES RENDUS MATHEMATIQUE；

COMPUTATIONAL GEOSCIENCES；

Computational Statistics and Data Analysis；

COMPUTER METHODS IN APPLIED MECHANICS AND ENGINEERING；

COMPUTER-AIDED DESIGN；

COMPUTERS & GRAPHICS-UK；

COMPUTERS & MATHEMATICS WITH APPLICATIONS；

Computers and Electrical Engineering；

Computers and Mathematics with Applications；

COMPUTING；

CZECHOSLOVAK MATHEMATICAL JOURNAL；

DISCRETE AND CONTINUOUS DYNAMICAL SYSTEMS；

DISCRETE AND CONTINUOUS DYNAMICAL SYSTEMS-SERIES B；

DISCRETE APPLIED MATHEMATICS；

Discrete Dynamics in Nature and Society；

DISCRETE MATHEMATICS；

DYNAMICAL SYSTEMS-AN INTERNATIONAL JOURNAL；

DYNAMICS OF CONTINUOUS DISCRETE AND IMPULSIVE SYSTEMS-SERIES；A-MATHEMATICAL ANALYSIS；

ELECTRONIC JOURNAL OF COMBINATORICS；

ELECTRONIC JOURNAL OF PROBABILITY；

ELECTRONIC JOURNAL OF QUALITATIVE THEORY OF DIFFERENTIAL EQUATIONS；

ESAIM: Control, Optimisation and Calculus of Variations；

ESAIM: Mathematical Modelling Numerical Analysis；

Eur. Phys. J. Special Topics；

EUROPEAN JOURNAL OF OPERATIONAL RESEARCH；

Finance Stoch；

Forum Math., Ahead of Print；

FRONTIERS OF MATHEMATICS IN CHINA；

FUZZY SETS AND SYSTEMS；

GEORGIAN MATHEMATICAL JOURNAL；

Graph and Combinatorics；

HIROSHIMA MATHEMATICAL JOURNAL；

HOUSTON JOURNAL OF MATHEMATICS；

IEEE TRANSACTIONS ON AUTOMATIC CONTROL；

IEICE TRANSACTIONS ON FUNDAMENTALS OF ELECTRONICS COMMUNICATIONS；AND COMPUTER SCIENCES；

IET CONTROL THEORY AND APPLICATIONS；

IMA Journal of Applied Mathematics；

IMA Journal of Numerical Analysis；

INDIAN JOURNAL OF PURE & APPLIED MATHEMATICS；

INFORMATION PROCESSING LETTERS；

INFORMATION SCIENCES；

INSURANCE MATHEMATICS & ECONOMICS；

Int J Cardiovasc Imaging；

INTERNATIONAL JOURNAL FOR NUMERICAL METHODS IN FLUIDS；

International Journal of Algebra；

INTERNATIONAL JOURNAL OF BIFURCATION AND CHAOS；

International Journal of Computational Intelligence Systems；

INTERNATIONAL JOURNAL OF COMPUTER MATHEMATICS；

INTERNATIONAL JOURNAL OF CONTROL；

INTERNATIONAL JOURNAL OF CONTROL AUTOMATION AND SYSTEMS；

INTERNATIONAL JOURNAL OF FOUNDATIONS OF COMPUTER SCIENCE；

International Journal of Number Theory；

INTERNATIONAL JOURNAL OF NUMERICAL ANALYSIS AND MODELING；

INTERNATIONAL JOURNAL OF ROBUST AND NONLINEAR CONTROL；

ISRAEL JOURNAL OF MATHEMATICS；

J Appl Math Comput；

J Control Theory Appl；

J Syst Sci Complex；

J. Korean Math. Soc；

J. Math. Anal. Appl.；

JOURNAL OF ALGEBRA；

Journal of Algebra Applications；

Journal of Applied Mathematics；

JOURNAL OF COMPUTATIONAL AND APPLIED MATHEMATICS；

JOURNAL OF COMPUTATIONAL MATHEMATICS；

JOURNAL OF COMPUTATIONAL PHYSICS；

JOURNAL OF DIFFERENCE EQUATIONS AND APPLICATIONS；

Journal of Differential Equations；

Journal of Functional Analysi；

JOURNAL OF GRAPH THEORY；

Journal of Industrial and Management Optimization；

JOURNAL OF INFORMATION SCIENCE AND ENGINEERING；

JOURNAL OF MATHEMATICAL ANALYSIS AND APPLICATIONS；

JOURNAL OF MATHEMATICAL PHYSICS；

JOURNAL OF MATHEMATICS OF KYOTO UNIVERSITY；

JOURNAL OF MULTIVARIATE ANALYSIS；

JOURNAL OF NONPARAMETRIC STATISTICS；

JOURNAL OF NUMBER THEORY；

JOURNAL OF OPTIMIZATION THEORY AND APPLICATIONS；

JOURNAL OF PHYSICS A-MATHEMATICAL AND THEORETICAL；

JOURNAL OF SCIENTIFIC COMPUTING；

Journal of Statistical Planning and Inference；

JOURNAL OF SYSTEMS ENGINEERING AND ELECTRONICS；

JOURNAL OF SYSTEMS SCIENCE & COMPLEXITY；

Journal of the Franklin Institute；

JOURNAL OF VISUAL COMMUNICATION AND IMAGE REPRESENTATION；

KODAI MATHEMATICAL JOURNAL；

Linear Algebra and its Applications；

Linear and Multilinear Algebra；

LITHUANIAN MATHEMATICAL JOURNAL；

MATCH-COMMUNICATIONS IN MATHEMATICAL AND IN COMPUTER CHEMISTRY；

Math. Meth Appl. Sci.；

Math. Nachr.,；

Math. Proc. Camb. Phil. Soc.；

Mathematical and Computational Applications；

MATHEMATICAL AND COMPUTER MODELLING；

MATHEMATICAL NOTES；

MATHEMATICAL PROBLEMS IN ENGINEERING；

MATHEMATICS AND COMPUTERS IN SIMULATION；

MECHANICS OF TIME-DEPENDENT MATERIALS；

METRIKA；

MICHIGAN MATHEMATICAL JOURNAL；

Monatsh Math；

MONATSHEFTE FUR MATHEMATIK；

NETWORKS；

NEUROCOMPUTING；

Nonlinear Analysis；

Nonlinear Analysis: Real World Applications；

NONLINEAR ANALYSIS-REAL WORLD APPLICATIONS；

NONLINEAR ANALYSIS-THEORY METHODS & APPLICATIONS；

NONLINEAR DYNAMICS；

NONLINEARITY；

Nucleic Acids Research；

Numer Methods Partial Differential Eq；

Numer. Math. Theor. Meth. Appl.；

NUMERICAL METHODS FOR PARTIAL DIFFERENTIAL EQUATIONS；

OPERATIONS RESEARCH LETTERS；

Optical Engineering；

Optics Letters；

OPTIMAL CONTROL APPLICATIONS & METHODS；

PACIFIC JOURNAL OF MATHEMATICS；

PARALLEL COMPUTING；

PHYSICA A-STATISTICAL MECHANICS AND ITS APPLICATIONS；

PHYSICA D-NONLINEAR PHENOMENA；

PHYSICS LETTERS A；

Potential Anal；

PROBABILITY THEORY AND RELATED FIELDS；

Proc. Japan Acad.；

PROCEEDINGS OF THE AMERICAN MATHEMATICAL SOCIETY；

PROCEEDINGS OF THE JAPAN ACADEMY SERIES A-MATHEMATICAL SCIENCES；

PROGRESS IN NATURAL SCIENCE；

PUBLICATIONES MATHEMATICAE-DEBRECEN；

PURE AND APPLIED MATHEMATICS QUARTERLY；

Quart. J. Math；

QUARTERLY JOURNAL OF MATHEMATICS；

RAMANUJAN JOURNAL；

RESULTS IN MATHEMATICS；

Risk and Decision Analysis；

SCANDINAVIAN JOURNAL OF STATISTICS；

Science China: Information Sciences；

Science China: Mathematics；

SCIENCE CHINA-INFORMATION SCIENCES；

SCIENCE CHINA-MATHEMATICS；

SCIENCE IN CHINA SERIES A-MATHEMATICS；

SCIENCE IN CHINA SERIES F-INFORMATION SCIENCES；

SCIENCE IN CHINA SERIES G-PHYSICS MECHANICS & ASTRONOMY；

SIAM J. NUMER. ANAL.；

SIAM JOURNAL ON CONTROL AND OPTIMIZATION；

SIAM JOURNAL ON DISCRETE MATHEMATICS；

SIAM JOURNAL ON NUMERICAL ANALYSIS；

STATISTICS & PROBABILITY LETTERS；

STOCHASTIC ANALYSIS AND APPLICATIONS；

STOCHASTIC PROCESSES AND THEIR APPLICATIONS；

SYSTEMS & CONTROL LETTERS；

THEORETICAL COMPUTER SCIENCE；

Transactions of the American Mathematical Society, TURKISH JOURNAL OF MATHEMATICS

Ultrasound in Med.＆ Biol.；

Z. Angew. Math. Phys.；

ZEITSCHRIFT FUR NATURFORSCHUNG SECTION A-A JOURNAL OF PHYSICAL SCIENCES；