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Bachelor of Science in Finance

College
College of Business Administration
Department
Finance and Economics
Level
Undergraduate
Study System
Courses
Total Credit Hours
123 Cr.Hrs
Duration
4 Years
Intake
Fall & Spring
Location
Sharjah Main Campus
Language
English
Study Mode
Full Time

Bachelor of Science in Finance

Program Overview:
The Finance major prepares students who want to pursue careers in financial markets, institutions, or government or pursue graduate studies in finance. They will also be academically prepared to take prestigious professional certifications such as the Chartered Financial Analyst (CFA), the Certified Management Accountant (CMA), Certified Financial Management (CFM) and Certified Financial Planner (CFP). The Bachelor of Science program in Finance requires that a student complete 123 credits of courses and attain a minimum Cumulative GPA of 2.00.

The program information is as follow:
B.Sc. in Finance (123 Credits)


University Requirements (UR) College Requirements (CR) Program Requirements (PR) Total
Mandatory Core Courses 15 48 24 87
Electives Core Courses 9 6 6 21
Minor Courses -
-15
15
Total 24
54
45 123

 Note: UR: University Requirement, CR: College Requirements, PR: Program Requirements. ​ ​ ​ ​

University Requirements:
These are the courses that must be taken by all students at the University, regardless of their major. Descriptions are presented in the College of Business Administration Catalog.

College Requirements:
Every student in the College of Business Administration – irrespective of specialization – is required to complete 54 credit hours of General Business courses, 48 credit hours are mandatory core courses and 6 credits core elective courses. These courses consist of foundation and skill courses required of all business students. Descriptions are presented in the College of Business Administration Catalog.

A) College Mandatory Courses

Every student in the CBA – irrespective of specialization– is required to complete 54 (48+6) credit hours of General Business courses. Following are the 16 mandatory courses (48 credit hours).

Course Number Course Title Credit Hours Prerequisites
1440100 Mathematics for Business
3  
1440264 Business Statistics 3 1440162
0308151 Principles of Microeconomics3 None
0308252 Principles of Macroeconomics3 0301151
0301120 Financial Accounting 3 None
0301211 Managerial Accounting 3 None
0308230 Financial Management 3 None
0302160 Principles of Management 3
None
0302170 Principles of Marketing 3 None
0302250 Legal Environment of Business 3 0302160
0302262 Organizational Behavior
3 0302160
0302350 Ethics and Islamic Values in Business 3 0302250
0302361 Operations and Supply Chain Management1 3 1440264
0302461 Research Methods2 3 1440264
0302467 Strategic Management 3 Senior Standing
1503130 Introduction to BIS3 3
None
1Equivalent to 0302311 - Operations Management
2Equivalent to 0302461 - Business Research Methods and 0302473 - Marketing Research Methods

3Equivalent to 0303130 - Introduction to MIS

B) College Elective Courses

Each student in the college must successfully complete 6 credit hours from the following:

Course Number Course Title Credit Hours Prerequisites
0301327 Taxation and Zakat 3 0301120
0308450 Money and Banking 3 0301252
0308461 Credit Analysis and Lending Management
3 0308230
0302383 Business and Government 3 0302160
0302354 Internship in Business 3 Note 1
0303228 E-Business 3 0303130
0302254 Business Communication
3 0202112
1503211 Business Analytics 3
1503130

Note 1: Minimum 75 Credit Hours/ Department Approval

Program Requirements:

The Department of Finance requires students to take 30 credit hours in the specialization and 15 credit hours to be used from a minor from an approved list. The specialization courses are divided into Mandatory and elective courses as follows:

A) Major in Finance

  • Mandatory Courses:

The list of the mandatory core courses of the Finance program encompasses the 24 credit hours summarized in the table below.

Course Number Course Title Credit Hours Prerequisites
0308331 Corporate Finance 3 0308230
0308332 Investment Analysis
3 0308230
0308361 Banking Operations Management 3 0308230
0308366 Internship in Finance 3 Note 1
0308365 Risk Management 3 0308230
0308430 International Financial Management 3 0308230
0308431 Financial Markets and Institutions 3 0308230
0308438 Seminar in Finance and Banking 3 Note 2
Note 1: Minimum 75 Credit Hours/ Department Approval

Note 2: Senior Standing/ Department Approval

  • Elective Courses:
The Finance program requires 6 credit hours of core elective courses chosen from the following list:

Course Number Course Title Credit Hours Prerequisites
0308333
Quantitative Methods for Finance 3 1440264
0308334 Real Estate Finance 3 0308230
0308466 Advanced Topics in Finance and Banking 3 0308361
0308433 Portfolio Management
3 0308332
0308434 Derivatives 3 0308332
0308461 Credit Analysis and Lending Management 3 0308230
0308463 Islamic Financial Instruments 3 0308362
 

B) Minor in Finance Courses

The Department of Finance and Economics offers a minor in Finance to all Business Administration students. To satisfy the minor requirement, students must successfully complete five courses (15 credit hours) from the following list:

Course Number Course Title Credit Hours Prerequisites
0308230 Financial Management* 3  
0308331 Corporate Finance 3 0308230
0308332 Investment Analysis 3
0308230
0308334 Real Estate Finance 3 0308230
0308361 Banking Operations Management 3 0308230
0308362 Introduction to Islamic Banking and Finance 3 0308230
0308365 Risk  Management 3 0308230
0308430 International Financial Management 3 0308230
0308431 Financial Markets and Institutions 3 0308230
0308461 Credit Analysis and Lending Management 3 0308230
 *Pre-requisite for all Finance courses

C) Minor in Economics Courses

The Department of Finance and Economics offers a minor in Economics to all Business Administration students. To satisfy the minor requirement, students must successfully complete five courses (15 credit hours) from the following list:

Course Number Course Title Credit Hours Prerequisites
0308351*
Intermediate Microeconomics 3 0308151
0308352* Intermediate Macroeconomics 3 0308252
0308253 Managerial Economics 3 0308151
0308355 Introduction to Econometrics 3 0308252 and 1440264
0308452 Public Economics 3 0308252
0308450 Money and Banking 3 0308252
0308453 International Economics 3 0308252
0308455 Economic Development 3 0308252

 *Either one of these courses is Mandatory


Study Plan (123 Credits):

The study plan for the Finance Program is presented in this link. The plan shows that the students can normally complete the program within eight regular semesters over a period of four academic years. 


Course Description:

Descriptions of all courses offered by the Finance program are given below.

Finance Courses

0308341                Islamic Insurance (Takaful)                         
Prerequisite: 0103240 This course is equivalent to the course Introduction to Islamic insurance (0103341)

This course analyzes the basic elements of Islamic cooperative insurance or takaful as distinct from conventional insurance and how a takaful company can be organized offering a complete range of insurance-related services. The first part of this course deals with life insurance while the second part covers general insurance. It also covers challenges relating to retakaful or reinsurance.


0308230                Financial Management                                
Prerequisite: None

This course is designed to provide students with a basic understanding of financial decision making within a firm. The course deals with the goals and functions of financial management, financial analysis and planning, working capital management, the capital budgeting process, cost of capital, dividend policy and long-term financing.


0308331                Corporate Finance                                         
Prerequisite: 0308230 - Financial Management

The course includes the scope of corporate finance, present value, risk and return, capital budgeting, the cost of capital, capital structure, financial planning, working capital management, dividend policy, and mergers. The course will concentrate on financial decision making by applying the tools, techniques, and theories of finance to actual business decisions.


0308332                Investment Analysis                                      
Prerequisite: 0308230 - Financial Management

This course covers investment environment, risk and return, efficient markets and portfolio performance, security valuation, options, futures and financial engineering, and investment companies.


0308333                Quantitative Methods for Finance          
Prerequisite: 1440264 - Business Statistics

The purpose of the course is to introduce students to a range of quantitative methods that are commonly used in several areas of finance. The course introduces concepts and methods from probability theory, statistical inference, regression analysis, financial modeling, and Monte Carlo simulation techniques.


0308334                Real Estate Finance                                       
Prerequisite: 0308230 - Financial Management

The course focuses on the financing issues related to real estate. It provides an introduction to real estate and goes on to discuss techniques of project evaluation, financing strategies and capital market issues related to real estate.


0308357                Islamic Financial Contacts II                       
Prerequisite: 0308255

This course exposes students to the various types of commercial contracts and their applications. This course deals with the regulations of the following issues: bill of exchange, agreement, companies, deposit, usurpation, grant, crop sharing, use of uncultivated land, Waqf (endowment) and the jurists' views and their supporting arguments.


0308361                Banking Operations Management          
Prerequisite: 0308230 - Financial Management

This course covers bank accounts, bank services, methods of payment through the banking system, asset management, liability management, credit analysis, investment policies, and bank marketing.


0308362                Introduction to Islamic Banking and Finance
Prerequisite: 0308230 - Financial Management

This course focuses on principles of Islamic finance, Islamic approaches to money, banking and monetary policy, economic of profit-sharing, operations of Islamic banking.


0308365                Risk Management                                          
Prerequisite: 0308230 - Financial Management

An operational approach to risk management in business and personal affairs. Principles of risk management; risk identification; risk financing; types of insurance coverage; and insurance contracts and premiums. Special reference will be made to the insurance market in the UAE.


0308430                International Financial Management     
Prerequisite: 0308230 - Financial Management

This course includes the fundamentals of financial evaluation, tools, and procedures, which are needed to facilitate decision-making of multinational corporations. The course also covers theories of international finance, the currency markets, and foreign exchange risk.


0308431                Financial Markets and Institutions         
Prerequisite: 0308230 - Financial Management

The focus of this course is on how resources are efficiently transferred from those with a surplus to those with a deficit, and on the instruments, which facilitate this transfer. The discussion will cover financial markets, flow of funds, interest rate determination, market efficiency, financial intermediaries, bond markets, equity markets, mortgage markets and foreign exchange markets.


0308432                Seminar in Finance and Banking              
Prerequisite: Senior Standing or Department Approval

The course serves as a capstone course in finance and banking. It exposes students to a wide range of finance and banking related topics, including issues affecting the current financial environment of business firms. The course integrates material from previous courses taken in the finance major.


0308433                Portfolio Management                                
Prerequisite: 0308332 - Investment Analysis

Analysis of quantitative and qualitative factors leading to the valuation of equity and fixed-income securities. Application of alternative valuation techniques theories. Fundamental and technical approaches as well as contemporary developments.


0308434                Derivatives                                                        
Prerequisite: 0308332 - Investment Analysis

This advanced course offers the theory and the practical tools needed to price and hedge derivatives in the professional marketplace. Equal coverage is given to options pricing theory and futures pricing theory.


0308461                Credit Analysis and Lending Management          
Prerequisite: 0308230 - Financial Management

The course focuses on the principles of lending, financial statement analysis, credit scoring techniques, credit risk analysis, consumer lending, real estate lending, corporate and business lending, international lending and electronic banking and lending.


0308366                Internship in Finance                                    
Prerequisite: Minimum 75 Credit Hours and Department Approval

During the period of internship, the students are employed and supervised by firms and participate in various types of finance work in accordance with a plan approved by the department and the college. A student must complete eight weeks of training during regular working hours of the firm. This course can be taken during the summer between the student's junior and senior year.


0308463                Islamic Financial Instruments                    
Prerequisite: 0308362 - Introduction to Islamic Banking and Finance

The course focuses on Islamic investment, Islamic bonds (Sukuk), stock exchange in the Islamic financial system, venture capital under Islamic system, profit sharing agreement, leasing under the Islamic system, sales contract, and Islamic unit trusts.


0308466                Advanced Topics in Finance and Banking             
Prerequisite: 0308361 - Banking Operations Management

This course addresses contemporary topics and issues in Finance and Banking.


0308469                Accounting for Islamic Banks                     
Prerequisite: 0308120

The course covers the processes required to record the bank's unique transactions, as well as how to prepare financial statements as required by the bank's stakeholders.


Economics Courses
0308150                Introduction to Economics for NBS         
Prerequisites: None

This course is offered to non-business students. It covers topics from both microeconomics and macroeconomics perspectives. Microeconomics covers topics like market supply and demand, price elasticity of supply and demand, consumer behavior, production and costs, perfect competition, and monopoly. Topics from macroeconomics include national income accounts, national income determination, money and banking, inflation, monetary and fiscal policies, and international trade. This course will be offered in both Arabic and English.


0308151                Principles of Microeconomics                   
Prerequisite: None

This course is designed to cover the following topics: market supply and demand, price elasticity of supply and demand, consumer behavior, production and costs, perfect competition, monopoly and monopolistic competition.


0308252                Principles of Macroeconomics                  
Prerequisite: 0308151 - Principles of Microeconomics

This course is designed to cover the following topics: national income accounts, national income determination, money and banking, inflation, monetary and fiscal policies, international trade, growth and economic development.


0308351                Intermediate Microeconomics                 
Prerequisite: 0308151 - Principles of Microeconomics

This course discusses the theories of consumer and firm decision making, how prices and quantities are determined in equilibrium and how resources are allocated, different market structures, input demand, welfare economics, market failure and public goods.


0308352                Intermediate Macroeconomics                
Prerequisite: 0308252 - Principles of Macroeconomics

National income, interest rate and money supply, government budget, price level, consumption and investment theory, general equilibrium, business cycle, aggregate demand, aggregate supply and inflation.


0308253                Managerial Economics                                 
Prerequisite: 0308151 - Principles of Microeconomics

This course covers microeconomic concepts and applications relevant to managerial decision-making. Topics include demand and supply analysis, consumer theory, forecasting, production and cost analysis, market structure, risk analysis, linear programming, decision making under uncertainty, regulatory theory and the role of government in the market.


0308355               Introduction to Econometrics                   
Prerequisites: 1440264 - Business Statistics

This course covers the following topics: descriptive statistics. Regression analysis, hypothesis testing, analysis of variance, heteroskedasticity, multicolinearity serial correlation, simultaneous equations.


0308352                Public Economics                                            
Prerequisite: 0308352 - Intermediate Macroeconomics

This course explores issues related to expenditure and tax policies of government, as well as view on the purpose of government criteria for evaluating governmental actions. In addition, this course investigates the influence of government revenue and expenditure decisions on resource allocation, income distribution, and aggregate economic performance.


0308450                Money and Banking                                      
Prerequisite: 0308352 - Intermediate Macroeconomics

This course is designed to discuss the following topics: financial system; financial markets and financial intermediaries, nature and functions of money, central banks and money creation, instruments and targets of monetary policy and monetary theory.


0308453                International Economics                              
Prerequisite: 0308351 - Intermediate Microeconomics

This course concentrates on two parts: international trade and international finance. In the first part the course covers the following topics: comparative and absolute advantage in production, trade policies, trade barriers, terms of trade, multinational corporations and international trade agreements, the nature of the gains from trade, winners and losers from international trade. In the second part the course focuses on the following topics: fundamentals of international monetary economics, determination of exchange rates, exchange rate arrangements and balance of payments.


0308455                Economic Development                              
Prerequisite: 0308352 - Intermediate Macroeconomics

This course introduces the economic development process of newly developing nations. The course focuses on economic growth, economic development theories, population growth, human capital, poverty and income distribution. In addition, it explores the impact of public policies on economic growth and development.