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E-Banking

This course is designed to equip students with current developments in the banking industry with respect to the application of electronics in banking to promote self-service retail banking. It seeks to cover electronic banking and electronic commerce, the truncation of cheques, inter bank clearing system and settlement and many other related issues in electronic banking and commerce. At the end of the course students will be able:

Explain electronic banking and commerce and what goes into electronic banking and commerce

  • Explain the fundamental changes in banking and financial markets as financial institutions and brokers have extended to electronic platform.
  • Apply cash management, decision-making, and controlling techniques in an electronic interface. This course seeks to:
  •  Provide students with a clear understanding of the concept of electronic banking (E-banking) and electronic commerce (E-Commerce).
  • Equip students with modern and more current developments in the Banking Sector; precisely the application of the internet, computers and other electronically-based gadgets that facilitate the operations and practices of banking, locally and in international transactions.
  •  Enable participants to gain insight knowledge into cheque truncation and electronic settlement and clearance system

Feasibility Study

This course develops a student’s ability to undertake complex feasibility studies. Students will learn these skills and techniques through performing various feasibility studies of differing size and complexity. A feasibility study is designed to establish whether a project or initiative is worth the investment in time and money needed to get it off the ground. Of course this includes the cost of developing the initiative, but it also looks at the availability of funding, both to initiate the project and to keep it going. However, the feasibility study also looks at the evidence of need, potential take up and constraints such as the capacity of buildings, staff and the community.The course also utilizes practical situations, using the analytical and assessment tools such as spreadsheets and Web Analysis, Critical Path, evaluation and review of programs.  This course has Overall objectives of the Decision:

Know the meaning of analysis and evaluation of projects. 

What are the links to the project.

Study stages throughout the project.

What information is needed to analyze the projects.

How to analyze the commercial viability of any project.

Analysis of the financial feasibility of new projects under certainty conditions. 

Analysis of the financial feasibility of new projects under uncertainty conditions.

Criteria for evaluating projects.  At the completion of the subject, students should be able to: 

Understand the principles of feasibility studies. 

Be able to complete a cash flow and financial forecast as part of the feasibility study process. 

Understand risk and be able to undertake a risk assessment. 

Understand the principles of an options appraisal. 

Conduct a Community consultation. 

Have the knowledge to provide a comprehensive funding analysis. 

Be able to calculate projected income through funding and trading.

Understand the factors both internal and external that impact on the feasibility of a project. 

Have the knowledge of the components of a feasibility study. 

Have a grasp of project costs, both direct costs and core costs. 

Be able to identify appropriate organizational structures and management structures which promote the feasibility of a project.

Teacher: TALAL KADAWI

Contemporary Issues in Finance

For many years, most companies have been dealing with the challenge of having to grow their business on an international basis through export sales (international trade) or direct foreign investments (subsidiaries, JVs, etc). In the last decade, this strategy has become even more important as the world economy has become a true global market place for consumer and industrial goods as well as financial products and services.

In the course Current Issues in Finance, we mix theory, examples and practical case studies to truly understand what to do when confronted with difficult financial decisions at the corporate level. The course is split in two parts:

Behavioral finance

By the end of the part on behavioral finance, students should be able to assess the impact of psychology on individual choice behavior when making financial decisions, and the subsequent implications for investment finance and corporate finance. Behavioral Finance has successfully addressed several observed anomalies, that is, empirical facts that cannot be explained using traditional Finance theories. The lectures give an introduction to Behavioral Finance starting with a brief overview of the classical paradigms for decision making under risk (expect utility theory) and the implications for portfolio selection and asset pricing.

Stock market efficiency and anomalies

In this component, we address important questions related to market efficiency. We first discuss the definition of market efficiency. We then investigate in detail various market anomalies (January/December effects, Friday effect, post earnings announcement drift etc.) and discuss some psychological biases and limits of real economic agents (investors, managers, analysts,…) that might generate those anomalies. Learning Outcome Description: LO1 Critically assess and disseminate multiple sources of financial and/or accounting research in order to develop a comprehensive understanding of relevant issues.

LO2 Demonstrate individual led critical thinking skills through exposure to both academic and industry-led research in finance.

LO3 Communicate, present and articulate a detailed understanding of contemporary issues in finance and/or accounting to a non-technical audience as part of a group.

LO4 Engage in meaningful discourse with academic peers and finance practioners on contemporary issues and challenges in the Financial industry.

Personal Financial Planning

The Personal Financial Planning program provides students with instruction on practices for budgeting, evaluating investments, planning for retirement, building good credit and other important areas of personal finance. As a personal financial planner, you may help people save for their kids' college education, create budgets, evaluate investments, and more. And these diverse responsibilities are an important part of planning roles in banks, insurers, accounting firms, or even your own private consulting business. That's why our Personal Financial Planning course curriculum is designed to be not only comprehensive but also applicable to almost any professional finance setting. After completing the Personal Financial Planning program, students will be able to:

  • Explain the importance of financial planning, identify the socioeconomic and financial influences that impact personal finances, and create a personal financial plan to achieve a set of goals.
  • Identify important financial statements and describe how and why they are created and used in the development and management of a realistic budget.
  • Describe the U.S. system of taxation, identify the different types of taxes that must be paid, and describe the advantages and disadvantages of various personal taxation strategies.
  • Identify two major types of financial institutions and compare and contrast their services.
  • Explain consumer credit, analyze the advantages and disadvantages of using different types of credit, and describe the importance of protecting one's consumer credit score.
  • Describe strategies to use when considering major purchases, such as motor vehicles and real estate.
  • Define risk, explain how it is mitigated via insurance, and describe coverage and cost options of common insurance policies, such as auto, homeowners, renters, health, and life.
  • Compare and contrast stocks, bonds, mutual funds, real estate, and other investment options, and describe basic investment strategies and techniques.
  • Describe the importance of retirement planning, explain how to assess retirement needs, and describe how to create a realistic plan to meet these needs.

Monetary Theory and Policy

This course covers the most important topics in monetary economics and some of the models that economists have employed as they attempt to understand the interactions between real and monetary factors. It is basically on monetary theory and policy and the topics covered include the analysis of monetary policy, monetary policy: instruments and types, changes in the value of money: the quantity theory of money and its variants, supply and demand for money and other Keynesian approaches of demand for money. 

The Course deals with topics in both monetary theory and monetary policy and is designed for fourth-year under-graduate students specializing in monetary economics, for researchers in monetary economics wishing to have a systematic summary of recent developments, and for economists working in policy institutions such as central banks. It can also be used as a supplement for first-year graduate courses in macroeconomics because it provides a more in-depth treatment of inflation and monetary policy topics than is customary in graduate macroeconomic textbooks. The chapters on monetary policy may be useful for advanced undergraduate courses. 

Course objective:

To achieve the aims of this course, there are overall objectives which the course is out to achieve though, there are set out objectives for each unit. The unit objectives are included at the beginning of a unit; you should read them before you start working through the unit. You may want to refer to them during your study of the unit to check on your progress. You should always look at the unit objectives after completing a unit. This is to assist the students in accomplishing the tasks entailed in this course. In this way, you can be sure you have done what was required of you by the unit. The objectives serves as study guides, such that student could know if he is able to grab the knowledge of each unit through the sets of objectives in each one. At the end of the course period, the students are expected to be able to:  

  •  Define and understand the meaning of monetary policy 
  • Know the objectives or goals of monetary policy 
  • Define and understand the Full Employment and Economic Growth 
  • Understand the relationship between Full Employment, Price Stability and Balance of Payment. 
  • Understand Price Stability and Balance of Payment 
  • Define and understand the term Targets of Monetary Policy 
  • Know the basic indicators of Monetary Policy 
  • Define and understand the meaning of macroeconomics as a field of study 
  •  Know the basic macroeconomics concepts 
  •  History of Monetary Policy 
  • Understand the role of monetary policy in a developing economy 
  •  Know the limitations of monetary policy in less-developing countries. 
  •  Understand Keynes reformulated quantity theory of money 
  • Know the criticisms of Keynes theory of money and prices 
  •  Define and understand the concepts and measures of money supply 
  •  Know the important facts about measures of money supply 
  • Know the Keynesian approach to demand for money 
  •  Understand the motives of holding money 
  •  Define and understand the Post Keynesian approach of demand for money 
  •  Know the tobin‘s portfolio and baumol‘s inventory approach to demand for money 

At the end of this course, students would be given in-depth understanding of monetary policy analysis as regards

  •  Fundamental concept of monetary policy 
  •  To familiarize students with monetary policy instruments and types 
  • To stimulate student‘s knowledge on changes in the value of money 
  • To make the students to understand supply and demand for money. 
  •  To expose the students to rudimentary analysis of other Keynesian approaches of demand for money.