1) 其实国内本科设立“金融工程”这么一个项目也不合国际规范。
国外的“金融工程”、“金融数学”这些项目主要是硕士项目,招的学生基本上本科是数学、物理、工程背景的。培养目标是为金融公司、投行输送数量策略分析师。
学习时间一般为1年——2年,学费很高。 主干课程一般为———— 金融学基础、随机数学、金融计量、金融计算方法、衍生品定价、风险管理、优化方法与统计计算等。
大部分学校是以数学系为基础,联合一些经济系、金融系、统计系的师资,建立“金融工程”或者“金融数学”项目。
需要注意的是,这并不是一个学术性项目。所以学费高,基本没奖学金,主要目的是为金融公司培养能够熟练进行数量建模的分析师。
2) “就连财金的院长大人也曾在大会上说过有国外的学校批评人大的金融不合国际口径,人大以后要宏微观并重。”
呵呵,说真的这种事情还用的着别人来批评啊! 自己搞的什么东东自己还不知道啊?!!
国内的金融本科生、甚至某些学校的研究生,最重要的必修课程就是《货币银行学》,而国外的金融本科生,上来最先必须要学的就是《公司金融》————这就象是经济系的学生必学的《经济学原理》一样!!! 金融的MBA也要学这个基础的《公司金融》。
甚至金融的PHD也要先修过这门课程,然后才是后续的金融理论、资产定价、连续时间金融、实证资产定价、实证公司金融、金融计量、高级资本市场专题等等课程。
国外经济系或者金融系一般也有一门课程————《MONEY AND BANKING》,就名称看对应于我们的——《货币银行学》。内容本科层次的以米什金的教材为基础,如果是研究生课程,可以讲的深一些,加一些货币经济学的稍高级的材料。
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“好像国内大学都在打着金融的幌子做宏观经济学”
——————其实现在就中国的现状来讲,先别说你是搞什么的,先问问你到底搞出了什么?或者说搞懂了什么??!!
中国符合国际规范的金融学家确实不多,但真懂宏观的也不多啊!!!! 比如说“国际金融”,很多人的知识结构还停留在70、80年代的一些ABC知识水平上,也可以做“国际金融”的博士生导师。
看看国外的前沿在哪儿呢??!! 去看看JME、JMCB、JIE等宏观、国际金融的国际杂志吧,问问自己——————能看懂多少?!!
有人告诉你他不懂基本的高级微观、宏观和计量知识,也能看懂这些“国际金融”的前沿文章,你能相信吗???!!
3) 还有一点是我看到前面不少人的帖子强调把“宏观”的内容从金融学中剔除出去。其实这也是一个误区。 因为金融学不但和微观经济学联系密切,而且也和宏观经济学有着密不可分的关系。 很多金融学的大师级人物,都是宏观经济学的大家或者宏观经济学家出身。比如CAMPBELL、COCHRANE,再比如普雷斯科特、STIGLIZ、SHILLER。
这其实很好理解,因为金融学作为一门学科深深的植根于经济学的传统之中。很多金融学研究的问题,也是宏观经济学的焦点。 比如资产价格与货币政策的互动、资产价格泡沫与真实投资的关系、股票溢价与宏观风险分担问题。。。。。等等,不胜枚举。
(1)LUCAS 1978年那篇“纯交易经济中的资产定价”,既是宏观经济学的必读经典,也是每个学习“金融理论”的金融学学生的必读经典。
Lucas Robert Jr., 1978, "Asset Prices in an Exchange Economy", Econometrica, 46, 1429- 1446.
(2)Mehra, 和 Prescott 1985年的文章提出了著名了“股票溢价之迷”,这个问题激励了很多宏观经济学家和金融学家的思考,带动了宏观经济学和金融学的发展。 可以毫不夸张的说,没有对宏观经济学相当的素养,很难对这个问题的解决做出贡献。
ROBERT BARRO————作为一位研究“经济增长”问题的专家,最近也写了一篇关于“股票溢价之迷”的文章。(就是在人民大会堂讲的那篇!)
Mehra, R., and E. Prescott, 1985, The Equity Premium: A Puzzle, Journal of Monetary Economics 15, 145- 161.
Rare Events and the Equity Premium? Barro, Robert J., April 2005.
4) 国外很多金融名系都有大量宏观经济学背景的老师,当然人家无论是宏观还是金融搞的都是符合国际规范的、高水准的,还有就是上面提到的————很多金融问题的研究根本离不开对宏观经济学的探讨。
下面以宾西法尼亚大学沃顿商学院金融系为例,让我们看看几个宏观—金融背景的师资及其研究成果。
A)
Joao F. Gomes
Associate Professor of Finance
PhD, University of Rochester, 1997; MA University of Rochester, 1996; BA, New University of Lisbon, Portugal, 1991
Research Areas Macroeconomics; financial economics; labor markets.
http://www.wharton.upenn.edu/faculty/gomesj.html
Current Projects Firm and aggregate level investment; corporate investment and asset prices.
Academic Positions Held Wharton: 1997-present
Representative Publications
(with J. Greenwood and S. Rebelo) "Equilibrum Unemployment." Journal of Monetary Economics (2001). "Financing Investment." American Economic Review (2001).
(with L. Kogan and L. Zhang) Equilibrium Cross Section of Returns.?Journal of Political Economy (2003).
B)
Urban J. Jermann
Safra Associate Professor of International Finance and Capital Markets; Associate Professor of Finance
PhD, The Graduate Institute of International Studies, Geneva, Switzerland, 1994; MA, The Graduate Institute of International Studies, Geneva, Switzerland, 1991; Licence mention economie politique, Universite de Geneve, Faculte des sciences economiques et sociales, Geneva, Switzerland, 1988
Research Areas International finance; macroeconomics; asset pricing
http://www.wharton.upenn.edu/faculty/jermann.html
Research Areas International finance; macroeconomics; asset pricing
Current Projects Extracting information from asset prices about the long-run behavior of the economy. International capital flows.
Academic Positions Held Wharton: 1994-present (named Safra Associate Professor of International Finance and Capital Markets, 2005). Previous appointments: University of Virginia; Universite de Geneve. Visiting appointment: University of Rochester
Other Positions Senior Economist, Federal Reserve Bank of Minneapolis, 2000-01; Visiting Scholar, Federal Reserve Bank of Philadelphia, 1997, 1999; Economist, National Australia Bank, Melbourne, 1988-89
Representative Publications (with F. Alvarez) "Efficiency, Equilibrium, and Asset Pricing with Risk of Default." Econometrica (2000). (with F. Alvarez) "Using Asset Prices to Measure the Cost of Business Cycles." NBER (2000). (with M. Baxter and R.G. King) "Nontraded Goods, Nontraded Factors, and International Non-diversification." European Economic Review (1998
3)
Amir Yaron
Associate Professor of Finance
PhD, University of Chicago, 1994; MA, University of Chicago, 1991; MA, Tel-Aviv University, 1988; BA, Tel-Aviv University, 1985
Research Areas Asset Pricing; Macroeconomics; International Finance; Econometrics
Current Projects Monetary effects on asset prices; Incomplete markets and the distribution of income and returns.
http://www.wharton.upenn.edu/faculty/yaron.html
Academic Positions Held Wharton: 1997-present. Previous appointments: Carnegie Mellon University
Other Positions Visiting Scholar, Institute for International Economic Studies, Stockholm University, June 1996; Summer Intern, Research Department, International Monetary Fund, 1993; Unit Head, The Financial Advisor to the Chief of Staff, Israel Defense Foreces, 1985-89
Career and Recent Professional Awards; Teaching Awards Alfred Sloan Dissertation Fellowship, 1994
Representative Publications (with L.P. Hansen and J. Heaton) "Finite Sample Properties of Alternative GMM Estimators." Journal of Business and Economics Statistics 55 (1996). "Liquidity Shocks and International Asset Pricing" (1996). (with C. Telmer and K. Storesletten) "Persistent Idiosyncratic Shocks and Incomplete Markets." (1996).
下面这位Andrew B. Abel 更是宏观经济学领域的巨人之一,曾任沃顿金融系主任。著有著名的中级宏观教科书 (with B.S. Bernanke) Macroeconomics. Addison-Wesley Publishing, Co., 1992; 2nd edition, 1995; 3rd edition, 1998; 4th edition, 2001.
D)
Andrew B. Abel
Ronald A. Rosenfeld Professor; Professor of Finance and Economics
PhD, Massachusetts Institute of Technology, 1978; AB, Princeton University, 1974
Research Areas Macroeconomics; saving and investment; monetary economics; asset pricing; social security
Current Projects Using general equilibrium asset pricing models to understand behavior of asset returns. Developing stochastic models of capital investment with various forms of adjustment costs. Analyzing social security and its effects on the economy.
http://www.wharton.upenn.edu/faculty/abel.html
Academic Positions Held Wharton: 1986-present (named Ronald A. Rosenfeld Professor, 2003; Robert Morris Professor of Banking, 1989; Ronald O. Perelman Professor of Finance, 1988-89; Amoco Term Professor of Finance, 1986-88). Previous appointments: Harvard University; University of Chicago. Visiting appointments: Tel Aviv University; The Hebrew University of Jerusalem
Other Positions Member, Long-Term Modeling Group, Congressional Budget Office, 2001-present; Member Panel of Economic Advisers, Congressional Budget Office, 2001-present; Member, Technical Panel on Assumptions and Methods, Social Security Advisory Board, 1999; Visiting Scholar, Federal Reserve Bank of Philadelphia, 1989-92; Economic Consultant, Bank of Portugal, 1976
Career and Recent Professional Awards; Teaching Awards Fellow, Econometric Society, 1991; John Kenneth Galbraith Award, Harvard University, 1984; MBA Core Curriculum Cluster Award, 1996-97
Professional Leadership 2001-2005 Editorial Board, Journal of Money, Credit, and Banking, 1993-present; Editorial Board, Federal Reserve Bank of New York Economic Policy Review, 1994-present; Advisory Board, Carnegie-Rochester Conference Series on Public Policy, 1990-present.
Representative Publications (with B.S. Bernanke) Macroeconomics. Addison-Wesley Publishing, Co., 1992; 2nd edition, 1995; 3rd edition, 1998; 4th edition, 2001. "Risk Premia and Term Premia in General Equilibrium." Journal of Monetary Economics 43.1 (February 1999). "The Effects of Investing Social Security Funds in the Stock Market When Fixed Costs Prevent Some Household from Holding Stocks." American Economic Review 91.1 (March 2001).
[此贴子已经被作者于2005-8-23 0:59:58编辑过]