Descriptions of all courses offered by the Finance program are given below.
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.
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 FinancePrerequisite: 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.
Prerequisite: Minimum 75 Credit Hours and Department Approval
0308366 Internship in Finance
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.
0308150 Introduction to Economics for NBS
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.