Beogradski Fakultet za ekonomiju, finansije i administraciju (FEFA) i Univerzitet Fordam u Njujorku (SAD) uspostavili su saradnju u oblasti master programa iz finansija.
1.
The
Master
of
Science
in
Global
Finance
(MSGF)
program
is
a
joint
program
offered
by
Fordham
University’s
Graduate
School
of
Business
and
the
Faculty
of
Economics,
Finance,
and
Administration
(FEFA).
To
obtain
a
Master
of
Science
in
Global
Finance
granted
by
Fordham
University,
New
York,
candidates
need
to:
-‐
complete
four
(4)
prerequisite
courses
at
FEFA
(or
pass
equivalent
examinations
administered
by
FEFA);
-‐
complete
additional
six
(6)
courses
delivered
based
on
Fordham
curriculum;
three
(3)
of
these
courses
are
taught
in
Spring
semester
on
FEFA
campus
and
three
(3)
are
taught
on
Fordham
campus
during
intensive
Summer
semester
(month
of
July)
in
New
York
City.
U.S.
News
and
World
Report
of
Best
Graduate
Schools
Ranks
Fordham
Graduate
Business
School
#16
in
Finance,
#21
in
Management
and
#23
in
Marketing.
The
program
enables
FEFA
graduate
students
(and
alumni)
who
have
completed
the
prerequisite
courses
to
obtain
MSGF
degree
in
addition
to
FEFA
Master
in
Management
degree
by
completing
additional
six
(6)
courses.
Note
that
FEFA
also
accepts
transfer
students
to
its
second
year
of
masters
program
provided
that
they
have
completed
a
four-‐year
accredited
undergraduate
program
in
Economics
or
Management
(other
programs
will
also
be
considered
based
on
course
structure).
These
students
also
need
to
pass
all
the
prerequisite
four
(4)
courses
for
the
MSGF
program.
MSGF
students
gain:
§ A
solid
theoretical
foundation
in
all
major
functional
areas
of
finance
§ Ability
to
analyze
complex,
globally
traded
equity
and
fixed
income
securities
§ Understanding
of
innovative
financing
instruments
for
growth
industries
in
emerging
economies
§ Risk
management
and
portfolio
strategies
for
today's
global
investors
§ A
competitive
edge
and
enhanced
career
opportunities
in
the
global
job
market
§ Access
to
New
York
City,
the
world's
leading
business
hub,
through
one
of
its
leading
universities
§ Membership
in
a
network
of
more
than
150,000
Fordham
University
alumni
worldwide
2. The
total
tuition
for
the
6
Fordham
courses
is
based
on
Fordham’s
price/credit
and
currently
totals
$21,582
(€16,700).
Partial
scholarships
are
available
and
preference
will
be
given
to
students
with
high
GMAT
score.
FEFA
tuition
will
be
charged
based
on
the
number
of
courses
taken
at
FEFA
as
prerequisites
for
Fordham
MSGF
program
and/or
FEFA
Master
of
Management
program.
Applications
for
admission
to
the
program
(including
professional
CV,
500
words
letter
explaining
why
you
wish
to
complete
the
program,
two
letters
of
recommendation,
and
GMAT
score),
are
to
be
submitted
to
FEFA
student
services
in
person
or
by
mail)
by
March
1,
2013.
Selected
candidates
will
be
interviewed
for
final
selection.
Applications
for
scholarships
(including
professional
CV,
500
words
letter
explaining
why
you
wish
to
complete
the
program,
two
letters
of
recommendation
and
why
you
are
applying
for
the
scholarship,
and
GMAT
score)
will
be
accepted
by
January
31,
2013.
For
any
questions
please
write
to
fordham@fefa.edu.rs
The
details
of
the
academic
part
of
the
program
are
as
follows:
1. Course
Schedules
The
MSGF
program
requires
a
total
of
thirty
(30)
credits
over
ten
(10)
courses.
The
first
twelve
(12)
credits
are
from
the
FEFA
program
at
Belgrade
and
will
be
accepted
as
transfer
credits
by
Fordham
University.
- These
transfer
credits
are
comprised
of
four
(4)
designated
core
courses:
Managerial
Economics
(cross-‐registered
at
FEFA
as
Microeconomics
of
Competitiveness),
Financial
Statement
Analysis,
Principles
of
Modern
Finance
(cross-‐registered
at
FEFA
as
Corporate
Finance),
and
Financial
Modeling
(cross-‐
registered
at
FEFA
as
Investment
Decisions).
These
four
FEFA
courses
are
foundational
courses
and
are
pre-‐requisites
for
the
following
six
(6)
Fordham
courses
in
the
MSGF
program.
Students
need
to
earn
a
minimum
of
B
average
in
the
four
courses
(8/10
in
Serbian
higher
education
system)
for
the
courses
to
be
eligible
to
be
transferred.
Eighteen
(18)
credits
will
be
offered
by
Fordham
University,
which
translates
to
six
(6)
courses.
Courses
Time
(Tentative)
Faculty
Global
Financial
Markets
April
2013
FEFA/Fordham
Raising
Capital
and
Investing
in
Global
Financial
April
2013
FEFA/Fordham
Markets
Contemporary
issues
in
Global
Finance
May
2013
FEFA/Fordham
Global
Corporate
Governance
7/15-‐7/20
Fordham
Global
Equity
Portfolio
Management
7/22-‐7/27
Fordham
Global
Risk
Management
7/29-‐8/2
Fordham
Graduation
Ceremony
8/3
New
York
City
2
3. All
courses
will
consist
of
a
total
of
thirty
(30)
hours
classroom
time.
The
three
Fordham
courses
offerings
in
Belgrade
will
be
offered
on
weekends
and/or
in
an
intensive
week
format.
The
three
courses
in
the
US
are
offered
from
Monday
to
Thursday
during
the
week,
with
seven
hours
of
lectures
in
each
day.
The
courses
taught
in
New
York
(NY)
will
include
company
visits
as
part
of
the
classroom
time.
Tentatively,
we
are
planning
for
two
(2)
1-‐hour
company
visits.
Company
visits
will
take
place
on
Fridays.
Students
will
graduate
after
they
have
satisfactorily
completion
the
program
of
study
and
met
all
graduation
requirements.
Upon
graduation,
students
will
receive
Fordham’s
Master
of
Science
in
Global
Finance
(MSGF)
degree.
2. Course
outlines
GFGB
7001
Global
Financial
Markets:
This
course
provides
a
comprehensive
overview
to
the
workings
of
the
global
financial
markets,
the
functions
and
goals
of
the
key
financial
institutions,
and
the
role
played
by
central
banks
and
regulatory
agencies.
It
will
cover
international
money
markets,
international
equity
markets,
the
foreign
exchange
market,
forward
markets
for
commodities
and
financial
instruments,
bond
markets
and
derivative
markets.
GFGB
7002
Contemporary
Issues
in
Global
Finance:
This
course
explores
current
issues
relevant
to
the
global
financial
system,
including
international
commercial
and
investment
banking
and
international
investments.
Emphasizes
the
underlying
conditions
and
fundamental
trends
in
various
sectors
of
international
finance.
GFGB
7007
Raising
Capital
and
Investing
in
Global
Financial
Markets:
The
course
discusses
the
strategies
in
the
going
public
decision
and
the
process
of
securities
issues.
Discusses
the
strategies
and
process
of
corporate
restructuring
and
investing
decisions
such
as
mergers
and
acquisitions,
corporate
diversification,
spin-‐offs,
carve-‐outs,
asset
sell-‐offs,
tracking
stock,
exchange
offers,
and
debt
restructuring.
GFGB
7004
Global
Equity
Portfolio
Management:
The
course
provides
a
comprehensive
overview
of
equity
portfolio
management
in
theory
and
practice.
Examines
portfolio
objectives
and
link
them
to
appropriate
investment
strategies.
Covers
pricing
of
equities,
the
asset-‐allocation
decision,
return
enhancement/risk
control
techniques,
performance
evaluation,
as
well
as
the
recent
changes
in
international
fund
management.
Analyzes
international
investment
strategy
and
the
relative
merits
of
various
approaches.
3
4. GFGB
7005
Global
Corporate
Governance:
This
course
examines
how
modern
publicly
traded
corporations
are
governed
in
the
global
markets.
Discusses
the
roles
of
the
board
of
directors,
corporate
management,
institutional
investors,
and
the
other
shareholders.
Discusses
the
effects
of
the
recent
legislation
and
the
financial
market
development
on
corporate
governance.
Provides
international
comparisons
of
corporate
governance
structures
and
the
issues
arising
in
contests
for
corporate
control.
GFGB
7006
Global
Risk
Management:
This
course
covers
market
risk
and
volatility,
calculation
of
VaR
(Value
at
Risk),
Monte
Carlo
Simulation,
credit
risk
and
use
of
credit
derivatives,
operational
risk,
counterparty
risk,
and
other
topics.
Discusses
risk
regulations,
including
Basel
II,
recent
developments
in
Basel
III,
and
recent
regulations
on
the
banking
industry
in
the
US.
3. Professor
Biographies:
FACULTY
OF
ECONOMICS,
FINANCE
AND
ADMINISTRATION
-‐
FEFA:
Professor
Katarina
Djulic
Dr
Djulic
is
Assistant
Professor
at
FEFA
and
Senior
Advisor
at
KPMG,
Serbia.
She
holds
a
Bachelor
of
Law
from
the
University
of
Belgrade,
a
Master
of
Law
(LL.M.)
from
Northwestern
University,
a
Master
in
Public
Policy
from
Harvard
University
JFK
School
of
Government,
and
a
PhD
degree
from
the
University
of
Belgrade
Faculty
of
Economics.
Prior
to
KPMG,
Dr
Djulic
served
as
Associate
Operations
Officer
at
the
International
Finance
Corporation,
World
Bank
Group,
working
on
the
Corporate
Governance
Program.
She
also
worked
as
a
legal
adviser
to
firms
in
Belgrade
and
New
York
and
afterwards
at
the
Ministry
of
Finance,
first
as
an
adviser
to
the
Minister
and
then
as
an
Assistant
Minister
in
charge
of
the
Financial
System
Division.
She
also
worked
for
the
European
Bank
for
Reconstruction
and
Development
in
London
in
Office
of
General
Council.
Dr
Djulic
was
a
member
of
Board
of
Directors
in
DDOR,
Novi
Sad,
a
member
of
Supervisory
Board
in
Jubanka,
Beograd
and
Chairwoman
of
Supervisory
Board
in
Central
Securities
Depositary
and
Clearing
House,
Republic
of
Serbia.
Professor
Milan
Nedeljkovic
Milan
Nedeljkovic,
Ph.D.
is
Assistant
Professor
at
FEFA.
He
holds
BSc
from
University
of
Belgrade,
MSc
from
University
of
Essex,
United
Kingdom
and
PhD
in
Econometrics
from
University
of
Warwick,
UK.
His
fields
of
interest
include
theoretical
and
applied
econometrics
with
applications
in
finance
and
macroeconomics.
He
has
published
three
papers
in
peer-‐reviewed
journals
including
Journal
of
International
Money
and
Finance
and
presented
his
research
in
several
conferences.
His
work
experience
includes:
Advisor
to
the
Vice
Governor,
then
Governor
at
the
National
Bank
of
Serbia,
Belgrade,
2010;
Winter
Internship
at
the
European
Department
of
International
Monetary
Fund,
Washington
DC,
2008;
Research
Associate
at
the
Barclays
Global
Investors/General
4
5. Market
Strategies
Group/Currency
Research,
London,
2006-‐2007;
Bank
privatization
advisor
for
the
Ministry
of
Finance,
Bank
Rehabilitation
Agency,
Belgrade,
2005.
He
is
currently
the
Lead
Research
Economist
at
the
National
Bank
of
Serbia,
Belgrade.
Professor
Goran
Pitić
Dr
Pitić
is
a
Professor
of
Macroeconomics
and
Council
President
of
the
Faculty
of
Economics,
Finance
and
Administration
(FEFA).
He
also
serves
as
President
of
the
Board
of
Directors
of
Societe
Generale
Serbia,
and
is
a
Member
of
the
Board
of
Metalac
Holding
Gornji
Milanovac.
Dr
Pitić
holds
a
PhD
from
the
Faculty
of
Economics,
Belgrade
University
and
two
MA
degrees
–
from
the
Belgrade
Faculty
of
Economics,
and
from
the
University
of
Toronto,
Department
of
Economics.
He
specialized
in
Economics
(postgraduate
program
in
Quantitative
Development
Economics)
at
the
University
of
Warwick,
Great
Britain
in
1991/92.
He
also
received
advanced
training
at
the
London
School
of
Economics,
and
participated
in
a
number
of
specialized
programs
at
universities
in
France
and
USA,
as
well
as
financial
market
institutes.
From
October
2000
to
March
2004,
he
held
the
position
of
the
Minister
of
International
Economic
Relations
in
the
first
democratic
Government
of
the
Republic
of
Serbia.
He
is
Vice-‐President
of
the
Foreign
Investment
Council
in
Serbia
and
Member
of
the
Presidency
of
the
Serbian
Economists
Association,
member
of
the
Association
of
Corporate
Directors
and
Member
of
the
Board
of
Directors
of
the
Serbian
Banking
Association.
He
has
co-‐authored
five
books,
and
published
many
articles.
Dr
Pitić
speaks
three
foreign
languages
(English,
French
and
Spanish)
in
addition
to
native
Serbian
language.
FORDHAM
UNIVERSITY
GRADUATE
SCHOOL
OF
BUSINESS:
Prof.
Christopher
R.
Blake
Professor
Blake
holds
the
Joseph
Keating,
S.J.,
Distinguished
Professor
chair
at
Fordham
University's
Graduate
School
of
Business
Administration
and
Gabelli
School
of
Business
in
New
York
City.
He
joined
the
Fordham
faculty
in
1991.
Dr.
Blake
has
published
articles
in
The
European
Finance
Review,
The
Journal
of
Banking
and
Finance,
The
Journal
of
Business,
The
Journal
of
Finance,
The
Journal
of
Financial
and
Quantitative
Analysis,
The
Journal
of
Financial
Intermediation,
The
Journal
of
Public
Economics,
The
Review
of
Economics
and
Statistics
and
The
Review
of
Financial
Studies.
He
is
a
co-‐developer
of
The
Investment
Portfolio,
Windows-‐based
portfolio-‐management
software,
and
he
has
consulted
in
the
areas
of
investments
and
portfolio
management
with
major
financial
and
governmental
institutions.
He
has
also
served
on
the
program
committees
of
the
European
Finance
Association,
the
Financial
Management
Association
and
the
Portuguese
Finance
Network.
Prof.
Sris
Chatterjee
Prof.
Chatterjee
is
a
Professor
in
the
Finance
and
Business
Economics
Area
at
Fordham
University’s
Schools
of
Business
and
Associate
Dean
of
Graduate
Business
Education.
He
has
taught
a
variety
of
courses
including
Mergers
and
Acquisitions,
Principles
of
Modern
Finance
and
Behavioral
Finance
for
MBAs,
executive
MBAs,
and
the
undergraduate
5
6. business
students.
He
was
the
1995
recipient
of
the
Gladys
and
Henry
Crown
Award
for
Faculty
Excellence
at
Fordham
GBA.
Prof.
Chatterjee
got
his
undergraduate
degree
in
Mechanical
Engineering
from
the
Indian
Institute
of
Technology
(Kharagpur)
and
his
Postgraduate
Diploma
in
Management
from
the
Indian
Institute
of
Management
(Calcutta).
He
received
his
M.
Phil.
and
Ph.
D.
degrees
from
Columbia
University’s
Graduate
School
of
Business.
Prior
to
joining
Fordham
University,
Prof.
Chatterjee
taught
at
SUNY
(Buffalo),
Rutgers
University
and
Columbia
University.
He
has
taught
in
the
Key
Training
Program
at
UBS
Wealth
Management,
where
he
participated
in
curriculum
development
and
in
writing
training
material.
He
has
taught
in
the
executive
MBA
programs
at
other
schools.
Prof.
Chatterjee’s
main
research
interest
is
in
Corporate
Finance.
His
publications
in
the
Journal
of
Banking
and
Finance,
Journal
of
Financial
Economics,
Financial
Management
and
the
Journal
of
Financial
and
Quantitative
Analysis
include
work
on
corporate
debt/equity
ratio,
effect
of
interest
rate
uncertainty
on
the
valuation
of
subordinated
debt,
restructurings
of
firms
in
financial
distress
and
innovative
securities.
Prof.
Chatterjee
maintains
a
secondary
research
interest
in
Futures
and
Options,
and
has
published
several
papers
in
the
Journal
of
Futures
Markets.
Prof.
Chatterjee
is
on
the
Editorial
Boards
of
the
International
Journal
of
Banking,
Accounting
and
Finance,
and
the
International
Journal
of
Behavioural
Accounting
and
Finance.
Prof.
Ren-‐raw
Chen
Dr.
Chen
specializes
in
modeling
term
structure
of
interest
rates
and
credit
risks,
automating
pricing
models
for
trading
desks
and
rating
agencies,
deriving
closed
form
solutions,
implementing
lattice
and
Monte
Carlo
simulations,
and
complex
calibrations.
He
has
published
papers
across
major
finance
as
well
as
professional
journals.
He
also
has
implemented
pricing
models
for
financial
companies,
including
credit
derivatives
pricing
models
for
Lehman
Brothers,
structural
default
models
for
Moody’s
KMV,
convertible
bond
and
fixed
income
derivatives
models
for
Grand
Cathy
Securities
Corporation,
and
a
two-‐factor
HJM
model
for
Polypaths
Software.
Dr.
Chen
received
his
Ph.D.
in
Finance
from
the
University
of
Illinois
at
Urbana-‐Champaign.
He
has
taught
at
Rutgers,
the
State
University
of
New
Jersey,
University
of
Pittsburgh,
National
Taiwan
University,
and
Hong
Kong
University,
and
worked
at
JP
Morgan,
Lehman
Brothers,
Grand
Cathy
Securities
Corporation,
Moody’s
KMV,
Black
Rock,
and
Morgan
Stanley.
Prof.
N.K.
Chidambaran
Professor
Chidambaran
is
an
Assistant
Professor
of
Finance
at
the
Graduate
School
of
Business
and
Co_director
of
MSGF
Program.
Previously,
he
has
been
on
the
faculty
at
Rutgers
University
and
Tulane
University.
He
received
his
doctorate
from
the
Leonard
N.
Stern
School
of
Business,
New
York
University
and
a
B.Tech.
from
the
Indian
Institute
of
Technology,
Bombay.
Professor
Chidambaran
teaches
courses
in
Corporate
Finance,
Corporate
Governance,
and
Risk
Management.
His
research
interests
are
in
the
field
of
Corporate
Finance
and
Financial
Derivatives.
He
has
published
his
research
in
leading
academic
journals
such
as
the
Journal
of
Financial
Economics,
the
Journal
of
Risk
and
6
7. Insurance,
the
Journal
of
Derivatives,
and
the
Financial
Analysts
Journal.
His
work
has
also
been
presented
at
major
research
conferences
and
universities,
and
has
been
published
in
books
and
conference
proceedings.
Prof.
Gautam
Goswami
Prof.
Goswami
is
an
associate
professor
of
Finance
at
the
Graduate
School
of
Business
at
Fordham
University.
He
completed
his
Ph.D.
in
Finance
from
Georgia
State
University.
He
also
has
an
undergraduate
degree
in
Chemical
Engineering
from
the
Indian
Institute
of
Technology
at
Kharagpur
and
post-‐graduate
diploma
in
management
(majoring
in
Finance
and
Marketing)
from
the
Indian
Institute
of
Management
at
Calcutta.
His
previous
academic
experiences
include
teaching
at
Georgia
State
University.
Prior
to
his
academic
position,
Goswami
worked
in
large
multinational
corporations
like
Dunlop
India
Ltd.,
Chloride
India
Ltd.,
and
Larsen
and
Toubro
Ltd.
in
various
management
positions.
Goswami’s
research
interests
are
mainly
in
the
areas
of
corporate
finance,
international
finance
and
experimental
finance.
He
has
done
research
in
the
areas
of
corporate
debt
maturity
choice,
implication
of
different
auction
mechanisms
as
used
in
the
US
treasury
bill
market,
corporate
use
of
hedging
instruments
like
currency
swaps
and
interest
rate
swaps,
and
self-‐insurance
in
the
corporate
insurance
market.
He
is
currently
working
on
international
asset
pricing,
modeling
exchange
rate
process,
and
real
estate
auction
methods.
Goswami
has
won
research
awards
and
research
grants
a
number
of
times
and
is
published
in
top
rated
journals
like
Journal
of
Finance,
Review
of
Financial
Studies,
and
Economica.
Prof.
Iftekhar
Hasan
Professor
Hasan
is
the
E.
Gerald
Corrigan
Chair
in
International
Business
and
Finance
at
Fordham
University's
Schools
of
Business
and
co-‐director
of
the
Center
for
Research
in
Contemporary
Finance.
Professor
Hasan
serves
as
the
Scientific
Advisor
at
the
Central
Bank
of
Finland
and
as
the
President
of
the
Eurasia
Business
and
Economics
Society.
He
is
the
Managing
Editor
of
the
Journal
of
Financial
Stability.
Professor
Hasan's
research
interests
are
in
the
areas
of
financial
institutions,
corporate
finance,
capital
markets,
and
entrepreneurial
finance.
He
has
been
a
past
or
current
Associate
Editor
for
a
number
of
journals,
including
the
Journal
of
Money,
Credit,
and
Banking,
Journal
of
Banking
and
Finance
and
Journal
of
International
Money
and
Finance.
Professor
Hasan
has
over
225
publications
in
print,
including
12
books
and
edited
volumes,
as
well
as
over
145
peer-‐reviewed
academic
journal
articles
in
finance
and
economics
journals
such
as
the
JFE,
JFQA,
JB,
JME,
FM,
JFI,
JMCB,
JIMF,
JBF,
EFR,
JAAF,
JBFA,
JMIS,
RP,
and
SMJ.
Professor
Hasan
has
presented
his
research
work
at
over
375
professional
meetings
and
institutions
worldwide,
and
he
has
been
a
consultant
for
numerous
international
organizations,
including
the
World
Bank,
the
IMF,
the
United
Nations,
the
Federal
Reserve
Bank
of
Atlanta,
the
Banque
de
France,
and
the
Italian
Deposit
Insurance
Corporation.
Professor
Hasan
is
a
Research
Fellow
at
the
Berkley
Center
of
Entrepreneurial
Studies
at
the
Stern
School
of
Business
of
New
York
University
and
he
7
8. serves
on
the
advisory
board
of
the
Center
for
Financial
Studies
at
the
Rensselaer
Polytechnic
Institute.
He
is
a
Fulbright
(Specialist)
Scholar
and
holds
an
honorary
Ph.D.
from
the
Romanian-‐American
University
in
Bucharest.
Professor
Hasan
has
held
visiting
faculty
positions
at
several
American
and
European
universities,
including
the
University
of
Rome,
Italy,
the
University
of
Strasbourg,
France,
the
University
of
Carlos
III
in
Madrid,
EPFL
at
Lausanne,
Switzerland,
the
University
of
Limoges,
France,
National
Taiwan
University
at
Taipei,
the
University
of
Romania
at
Bucharest,
and
the
Stern
School
of
Business
in
New
York.
Prof.
An
Yan
Prof.
An
Yan
is
Professor
and
Area
Chair
of
Finance
in
the
Schools
of
Business
of
Fordham
University.
He
also
serves
as
the
Director
of
the
Center
for
Research
in
Contemporary
Finance
in
Fordham
University.
Prof.
Yan
received
his
undergraduate
degree
from
Tsinghua
University,
China,
and
his
Ph.
D.
degrees
from
Boston
College.
Prof.
Yan’s
main
research
interest
is
in
theoretical
and
empirical
corporate
finance,
including
IPOs,
mergers
and
acquisitions,
corporate
restructurings,
and
behavior
corporate
finance.
He
has
published
in
scholarly
journals
such
as
the
Review
of
Financial
Studies,
the
Journal
of
Financial
Economics,
the
Journal
of
Financial
and
Quantitative
Analysis,
the
Journal
of
Banking
and
Finance,
the
Journal
of
Financial
Intermediation,
and
the
Financial
Management.
8