English for Banking
English for Banking & Finance is part of the Vocational English series. It is designed for students in vocational education and for company employees in training at work. Written by industry practitioners, it combines a strong grammar syllabus with the specialist vocabulary and skills that learners need to succeed in their chosen field.
Level 1 English for Banking and Finance is designed for students with a basic knowledge of general English who now require an elementary (CEF level A1-A2) English course in this specific field. It includes:
topics that reflect the latest developments in banking and finance, making them immediately relevant to students’ needs;
clearly defined language and function objectives which are backed up by comprehensive on-the-page language boxes.
Banking Management
The Bank Management course explores the services that banks and their principal competitors (including savings and loans, credit unions, security and investment firms) offer in an increasingly competitive financial-services marketplace. Bank Management discusses the major changes and events that are remaking banking and financial services today. Among the key events and unfolding trends covered in the text are: Newest Reforms in the Financial System, including the new Dodd-Frank Financial Reform Law and the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009. Global Financial Sector coverage of the causes and impact of the latest “great recession.” Systemic Risk and the presentation of the challenges posed in the financial system.
Exploration of changing views on the “too big to fail” (TBTF) doctrine and how regulators may be forced to deal with TBTF in the future. Controlling Risk Exposure presentation of methods in an increasingly volatile economy.
Principles of Investment
Principle of Investments. This course will provide an introduction to the basic principles of investing. It will cover both theoretical and practical applications of portfolio management including concepts of risk, return, securities market function and the analysis of debt and equity securities. The students should have a good understanding of various financial instruments such as stocks, bonds, derivatives and mutual funds. (AACSB:
Disciplinary knowledge). The student should have considerable insight as to how these instruments are traded in financial markets and how they
can be used for different investment purposes. (AACSB: Disciplinary knowledge)
- The student should have a good
- understanding of the concepts of risk,
- return and diversification, and are expected
- to be able to implement portfolio
- optimization technique in making decisions
- on capital and asset allocations.
- The student should be able to analyze a
- firm using the basic financial statements to
- perform ratio analysis and be able to value
- a firm using the appropriate dividend
- discount model and the valuation ratios
- such as P/E ratio
- The student should understand the
- concept of market efficiency and how to
- make investment decisions based upon the
- existence of market efficiency. (AACSB:
- Disciplinary knowledge)
Principles of Accounting II
Introduces financial accounting theory, including the accounting cycle, analysis and recording of transactions, and reporting financial information in accordance with Generally Accepted Accounting Principles (GAAP). This is the first term of the traditional accounting principles sequence. The course emphasizes the theoretical foundations of accounting and analytical skills needed by business and accounting students. Those with financial record-keeping responsibilities in their current employment will find it essential. An understanding of accounting is necessary to examine the performance and financial health of business. For this reason, accounting is often referred to as the ‘language of business’. This course is the ideal way for students to acquire a valuable skill as well as begin to develop an appreciation of the role of accounting in the evaluation and management of a business. Accordingly, it is recommended as a course both for students interested in business generally, and for those planning a career in accounting. Upon completion of the course students will be able to:
- Use debit and credit accounting to record and adjust basic business transactions.
- Prepare multi-step income statements, classified balance sheets, and statements of retained earnings.
- Use basic financial statement ratio analysis to evaluate financial performance.
- Demonstrate knowledge of each step in the accounting cycle.
- Know and apply organizational internal control components.
- Use Generally Accepted Accounting Principles (GAAP) to record common business transactions involving merchandise inventory, cash, and accounts receivable transactions.
Financial Mathematics
This course builds a solid mathematics foundation for a capital markets career. You will learn different topics on applied math to help you understand many concepts of finance. This course covers topics such as simple and compound interest, future and present value, nominal and effective rates, annuity, DCF, and NPV. We will use Excel to demonstrate the calculation process and make sure you have practical skills to handle financial math problems. This course establishes the basics of the one-period model, shows how securities can be
represented by vectors and matrices, and introduces the concept of hedging. Further, the course introduces important financial notions such as returns, arbitrage and state prices, and gives examples of asset pricing both in complete and incomplete markets. Then, we introduce the multi-period binomial model for stock prices and compute a dynamic hedging strategy that replicates a given option. Finally, we take the binomial modeling from the discrete-time numerical explorations to the continuous-time complete market trail in Black-Scholes option pricing formula.
This course is about the active and practical use of mathematics, which includes
- probability theory,
- linear algebra,
- calculus,
- partial differential equations,
- and stochastic
calculus, and numerical mathematics, with the main focus on three interrelated financial
topics: asset pricing, portfolio allocation, and hedge for the asset.
Public Finance
This course explores topics in the economics of government expenditures. We will study the rationales for government intervention in market economies, including the presence of asymmetric information in markets, externalities and public goods. Topics covered include: social insurance programs (health care, unemployment insurance and pensions and retirement savings incentives), policies that address positive and negative externalities and public goods. For each topic, we will (i) use insights from economic theory
to illustrate the rationale for government intervention and the trade-offs associated with specific policy interventions and (ii) discuss the empirical evidence on the effects of policy
interventions on consumers, firms and government finances.By the end of the course students should be able to:
- Describe the reasons why governments intervene in market economies
- Have a good understanding of the theoretical models and empirical techniques used in modern public economics
- Be familiar with academic articles and reports (required readings) covered in the course
- Be able to critique existing research, with the aim of identifying promising areas for future research (including your own research)
Commercial Law I / Banking
This course is designed for students and consists of Introduction. Property law. Definition of Commercial law; Origins of Commercial Law. Definition and forms of obligation. Penalty, earnest payment, guarantee. Transfer of a personal right between creditors or debtors (cession, assignation, guarantee) Restitution, statute of limitations. Contract of sale. Lease agreement. Timeshare agreement, Agency agreement, Shipping agreement, Commission agreement, License agreement. Securities (Promissory note and cheque).
Course Objectives: •
- understanding basic principles and origins in the area of commercial law,
- theoretical and practical preparation enabling students to acquire knowledge and skills related to commercial law.
- On successful completion of this
- define basic terms, values and laws in the area of commercial law,
- describe methods of applying principles and provisions of commercial law,
- compose simple contracts,
- asses the correctness of applying specific laws to a specific cases and choosing the most appropriate one
Macroeconomics
The field of economics is often broken down into two broad categories, which are: Macroeconomics and Microeconomics. Macroeconomics is a branch of economics that describes and explains economic processes and behavior of aggregates—income, employment, output, and so on—on a national scale. Throughout the history, the economy of any country went through four important phases considered as phases of the business cycles of the GDP (Gross Domestic Product). GDP as an important indicator in Macroeconomics is used to determine the value of all goods and services produced in the country and it examines the output growth of a country and how countries are getting better from a year to the next.
The subjects of the course are macroeconomic issues including the calculation of the real and nominal GDP, dealing with inflation and explaining some economic costs of inflation and causes of inflation (The demand-side effects and the supply-side effects). It also contains the unemployment in a country and explains the types of unemployment. GDP per capital is used in the course to make a comparison among countries to examine which country is better off. Recently, HDI (Human Development Index) indicator, which is developed by the UN, is used to calculating development of the countries since the indicator takes into accounts three important parts to examine the progressing of the countries which are: the health, education and wealth.
Two of the most important theories which can be studied throughout this course are the monetary and Macroeconomic theories that focus on some specific areas as follows:
- The quantity theory of money.
- Money and Inflation.
- The velocity of circulation.
This course is designed for students interested in understanding macroeconomic issues related to calculating the economic growth of countries and how countries are progressing. Since counties with higher GDP per capita can have higher standard of living and can afford better health care for their individuals and can also afford better education systems. The objective of the course is also to familiarize students with different types of unemployment since it has become a contemporary phenomenon in every corner in the world especially in our country.
Moreover, The course has been designed also to teach students the monetary policy tools that are the dominant forces in financial markets and always play a huge role in the macroeconomics to solve many economic problems including the inflation (a sustained increase in the general price level of all goods produced and services offered in an economy over a period of time).
The target clientele are students who enjoyed their macroeconomics class and would like more advanced course that will give them a way of thinking about contemporary economic issues. This course will be differentiated by its emphasis on both the theoretical and practical considerations that guide the making of monetary policy around the world. At the end of this course, students would be able to:
- Identify the main streams of economic thought from the past to the present and relate them to the ongoing debates about public policy and the role of the government in the economy.
- Use basic economic concepts and theoretical ideas when analyzing current economic problems and assessing the problems, prospects and possibilities for the economy.
- Recognize how fundamental economic institutions such as property rights, a well-developed legal system, and market incentives affect the functioning of the economy, how institutional arrangements such as households, businesses and governments affect the process of production and distribution of goods and services, and how particular government agencies, business establishments and global economic institutions operate and affect the economy and the lives of individuals.