Bachelor of Science in Finance

0308131

Personal Finance

3 Cr.Hrs.

Prerequisite:

None

Description This course provides a comprehensive examination of individual financial planning concepts and techniques. It covers personal income, expenditures, savings, consumption, and sources of finance. The course delivers lessons on how to develop short and long-run financial goals and formulate plans to achieve the goals.

 0308459

 Internship in Finance II 

 Prerequisite:    

 0308366 - Internship in Finance I

 A practical training program will be developed according to an approved plan to provide students with practical experience in their areas of finance. Students must complete 80 hours of full-time supervised training in a college-approved organization in cooperation with the training office of the university. Among the main duties and responsibilities are: i) performing a variety of work activities, ii) gaining professional experience and business ethics, and iii) demonstrating communication, critical thinking, and problem-solving skills.

0308334

Real Estate Finance

Credit hour: 3

Prerequisite:

0308230 - Financial Management

The course is designed to provide students with an introductory analysis into real estate markets. This class will provide an overview of real estate markets, real estate valuation, real estate development and mortgage financing. The class starts with an analysis of real estate markets with emphasis placed on what determines house price movements. This analysis will form the foundation of the rest of the course. We separately analyze residential and commercial properties. In doing so, we focus on real estate property development. The course aims to help students achieve technical competence in understanding different forms of real estate finance such as fully amortized constant payment loans, price-level adjusted mortgages, participating mortgages etc. It intends to give students the technical skills for analyzing the cash flows and economic returns of real estate development and investment. Finally, it will expose students to as many aspects of real estate issues and decision-making as possible.

0308451

Sustainable finance

Credit hour: 3

Prerequisite:

0308230 - Financial Management

In the transition to low-carbon world, Sustainable Finance has become one of the most important areas of interest for teaching and learning. It has a crucial role to play in tackling climate change as well as to mobilize investment in resilient growth. Sustainable Finance scrutinizes climate related critical risks in financing and the investment decisions. It integrates environmental, social and governance (ESG) criteria into corporate finance decisions. Sustainable Finance will help students articulate and apply appropriate knowledge and skills of climate-related risks in investment and financial decisions.

0308354

Financial Technology

Credit hour: 3

Prerequisite:

0308230 - Financial Management

The course is designed to provides a comprehensive understanding of the rapidly evolving field of financial technology and its impact on various sectors of the economy. This course equips students with the knowledge and skills necessary to navigate the intersection of finance and technology and prepares them for careers in the dynamic and innovative FinTech industry. Throughout the course, students will explore the fundamental concepts, theories, and applications of FinTech. They will gain insights into the disruptive technologies that are reshaping traditional financial services and learn how to leverage these technologies to improve efficiency, enhance customer experience, and drive innovation. Additionally, the (FinTech) course provide students with the essential components of technology-driven financial strategies, from complex regulations to cryptocurrency to portfolio optimization. Students will learn how modern investment strategies deploy technology to produce optimal results, explore the disruptive force of changing payment methods, analyze the changing regulatory landscape, and gain a deeper understanding of robo-advising, crowdfunding, peer-to-peer lending, and blockchain. By the end of this Specialization, student will be able to make informed decisions about deploying financial technologies for yourself or for your business, giving you a competitive advantage in using the latest financial innovations.

0308356

Islamic Banking and Finance

Credit hour: 3

Prerequisite:

0308230 - Financial Management

This course is an introduction to the concept of Islamic banking. It starts with introducing the concept of economic problem and how the conventional system is dealing with it and then show the problems with that view. Once it clears what is the economic problem faced by society and the need for a better stronger alternative to the conventional system the course moves into the explanation of Islamic banking and how is it built and the differences between it and the conventional system. The concepts of Riba, Gharar, ignorance, gambling etc. are introduced to show the foundation of Islamic banking. In addition, the theory of the contract is briefly covered to show the strength of the transactions in Islamic banking system and the challenges it faces once introduced in dual banking system. Moreover, a brief introduction about the most used instruments and their structures are being added and linked to the theory of the contract.

0308232

Sustainability and Global Challenges

Credit hour: 3

Prerequisite:

Principles of Microeconomics (0308151)

Sustainability stays at the center of economics, society and the environment. This course aims to introduce students to the essential concepts of sustainability including climate change, global warming, water pollution, tragedy of commons, sustainable energy, transportation and buildings. Case studies and problem-solving exercises will be employed to strengthen the understanding of content and present practical implications on sustainable development concerns.

0308254

Environmental Economics

Credit hour: 3

Prerequisite:

Principles of Macroeconomics (0308252)

This course will introduce the students to the field of environmental economics, and is intended to serve as an introduction to the concepts, theories, and methods used in the economic analysis of environmental and natural resource issues. The course will cover methods of valuing non-market environmental resources; assessment of environmental benefits and damages; analytical tools such as cost-benefit analysis needed for project evaluation and environment impact assessments; the concept of optimal pollution and its control; regulation and market solutions. Selected topics on international environmental issues and aspects of sustainable development will also be discussed.

0308456

Energy Economics

Credit hour: 3

Prerequisite:

Principles of Macroeconomics (0308252)

This course examines energy issues from an economics perspective and introduces concepts in energy economics including energy demand analysis, economic analysis of energy projects, investment decisions, energy supply analysis, energy pricing and taxation, energy & sustainable development, and the structures of oil, natural gas and electricity markets. A variety of energy types is examined including fossil fuels, nuclear power, and a range of renewable energy technologies including biomass, hydro, solar, and wind power. The effects of import dependence and development of indigenous renewable energy resources on energy security and regional economic growth and development are assessed.

0308455

Welfare Economics

Credit hour: 3

Prerequisite:

Principles of Macroeconomics (0308251)

Welfare Economics introduce concepts within welfare related economic issues, including rationales about distribution, fairness, societal utility, inequality, poverty, polarization, deprivation, multi-dimensional welfare, developing nations, advanced economies, consequences of inequality, social and tax policy, structural policies, the inequality-growth trade off, and empirical evidence. The covered topics include economic and moral reasons behind distributional goals, how analyses of distributions are conducted in practice, government intervention to reach desired distributional outcomes, the actual structure of distribution, and evaluation of different state approaches to welfare.

0308351

Intermediate Microeconomics

Credit hour: 3

Prerequisite:

0308151 - Principles of Microeconomics

This course provides students with an advanced knowledge of the functioning of the economy at the micro level. The focus is on the theories of consumer and firm decision making, how prices and quantities are determined in equilibrium, how resources are allocated, different market structures, input demand, welfare economics, market failure, and public goods.

0308352

Intermediate Macroeconomics

Credit hour: 3

Prerequisite:

0308252 - Principles of Macroeconomics

The primary goal of this course is to enable students to develop a consistent way of thinking about key macroeconomic phenomena and to analyze complex issues and current events. This should give students the ability to understand how economic policy and shocks affect the economy as reflected in aggregate macro variables such as output, interest rates, prices, and employment, and also have insights about the different schools of economic thought (Keynesianism, Monetarism, Classical Economics).

0308355

Introduction to Econometrics

Credit hour: 3

Prerequisite:

1440264 - Business Statistics

This course is developed to equip students with a basic understanding of analysis of economic data. The course covers descriptive statistics, hypothesis testing, analysis of variance, regression analysis, heteroskedasticity, multicollinearity, serial correlation, and simultaneous equations.

0308458

Internship 1

Credit hour: 1

Prerequisite:

Minimum 75 Credit Hours and Department Approval

This is the first of two required internship courses. The course consists of seminars and workshops, some of which conducted by speakers from the industry, and field trips that cover major Economics topics.

0308458

Internship 2

Credit hour: 2

Prerequisite:

Internship 1 (0308458)

During the period of internship, the students are employed and supervised by firms and participate in various types of work in areas related to Economics decision making in accordance with a plan approved by the department and the college. A student must complete 120 hours intensive training at the assigned organizations.

0308459

Cost Benefit Analysis

Credit hour: 3

Prerequisite:

Financial Management (0308230)

Assuring that public policies are efficient is an imperative objective of public policy analysis. In this course, students will learn how to assess the relative effectiveness of public policies in an accessible, comprehensive, and authoritative manner. It provides a thorough review of microeconomic fundamentals and treats critical topics in a sophisticated manner using minimal mathematical language, allowing students to build solid conceptual foundations. Discounting is addressed in detail. Concurrent uncertainty is addressed with expected surpluses and option prices. Parameter uncertainty is handled with Monte Carlo simulations and various types of sensitivity analyses. Revealed preferences are discussed, stated preferences are considered, contingent valuation is considered, and other techniques are discussed. By the end of this course, students will be able to construct their own cost-benefit analysis for any topic of interest, as well as evaluate another's analysis. In addition, this course helps students develop a comprehensive business plan that will serve as the basis for developing a small business.

0308253

Managerial Economics

Credit hour: 3

Prerequisite:

0308151 - Principles of Microeconomics

This course is designed to provide students with a basic understanding of microeconomic concepts and applications relevant to managerial decision-making. The course 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.

0308454

International Monetary Economics

Credit hour: 3

Prerequisite:

Principles of Macroeconomics (0308252)

The course introduces financial aspects of growth and income determination, and macroeconomic policy in open economies. Applications to exchange rate determination, capital markets, interest parity conditions, fluctuations in the balance of payment, trade balance and current account, monetary and fiscal policies in open economies, currency crises, and monetary reform. This course provides students with an understanding of the principles of open economy macroeconomics. Students will gain insight into the concept of external equilibrium and exchange rate determination. This material is then applied to practical problems including macroeconomic management in an open economy and the choice of exchange rate regime. The insights provided by the theoretical frameworks covered in this course enable valuation of current policy issues and the critical assessment of role of macroeconomic openness on a country's level of employment and income.

0308336

Economics of Health Care

Credit hour: 3

Prerequisite:

Intermediate Microeconomics (0308351)

Health economics introduce the basic concepts within health-related economic issues incl. health care economics, government policy/regulations, uncertainty, and measures of efficiency/equality/fairness. The covered topics include government intervention in factors affecting people's health, the financial structure of the healthcare sector, payment of healthcare providers, and the evaluation of healthcare programs.

0308255

Principles of Islamic Economics

Credit hour: 3

Prerequisite:

Principles of Microeconomics (0308151)

The course starts by looking into the current assumptions of the conventional economic system based on the foundation of the classical school of thought. It discusses the types of markets and the problems the current system is facing. The course then explains the philosophical foundation of Islamic economics taking into account the conflicting views of the scholars. It elaborates further the concept of rule of behavior and how and why it is important in the free market and how it might improve efficiency further. In addition, the course explains the acceptable ethics and behaviors in the market and how the government is supposed to enforce them. The concept of prohibited elements is discussed and the rationale behind the prohibition. Concepts such as: private and state property, money, ways of property transfer and its exceptional restrictions, the role of the state in developing the economy, taxes and their rules and controls, work and its importance, conditions and controls, the rights of workers and owners, unemployment, its causes and the ways of dealing with it, capital and its effects on stimulating the economy and development, productivity, consumption, and income distribution are discussed.

0308452

Public Economics

Credit hour: 3

Prerequisite:

0308252 - Principles of Macroeconomics

This course provides students with an understanding of market failure and government intervention requirement. The course deals with the imperfect nature of government intervention, how the intervention affects the economy, particularly in the areas of resource allocation, income distribution, and the incidence of taxation.

0308450

Money and Banking

Credit hour: 3

Prerequisite:

0308252 - Principles of Macroeconomics

This course studies the role of financial markets & institutions and money in the economy. It examines how interest rates are determined, why fluctuated over time, how money is created by the banking system, and the role of the Central Bank in the whole process. Issues like the banking crisis and the proper role of monetary policy will be examined in detail. The interaction between the goods sector and the financial sector, as well as the interrelationships between the domestic and the international financial sectors will be analyzed.

0308453

International Economics

Credit hour: 3

Prerequisite:

0308252 - Principles of Macroeconomics

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

0308230

Financial Management

Credit hour: 3

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, the time value of money, bond valuation, stock valuation, the capital budgeting process, cost of capital and risk and return.

0308331

Corporate Finance

Credit hour: 3

Prerequisite:

0308230 - Financial Management

The course covers a wide range of topics such as the scope of corporate finance, the valuation of companies by using DCF (discounted free cash), measures of risk, return, and diversification, bond valuation, stock valuation, capital budgeting, financial planning, the cost of capital, capital structure, distribution (dividend and buyback) policies and mergers and acquisitions. The practical cases studies and projects related to all these topics are performed using the Microsoft excel financial modelling techniques.

0308332

Investment Analysis

Credit hour: 3

Prerequisite:

0308230 - Financial Management

This course covers the opportunities of investments in financial assets followed by discussion on investment theories and valuation processes. The course will focus on the minimization of investment risk by portfolio construction, asset allocation, and performance evaluation of investment portfolios. The course aims at grooming up the students with the fundament and theoretical aspects of securities investments in an ideal market condition. Therefore, students are able to understand the differences in the real market and analyze the market differences from the perspective of an investment decision maker.

0308334

Real Estate Finance

Credit hour: 3

Prerequisite:

0308230 - Financial Management

The course is designed to provide students with an introductory analysis into real estate markets. This class will provide an overview of real estate markets, real estate valuation, real estate development and mortgage financing. The class starts with an analysis of real estate markets with emphasis placed on what determines house price movements. This analysis will form the foundation of the rest of the course. We separately analyze residential and commercial properties. In doing so, we focus on real estate property development. The course aims to help students achieve technical competence in understanding different forms of real estate finance such as fully amortized constant payment loans, price-level adjusted mortgages, participating mortgages etc. It intends to give students the technical skills for analyzing the cash flows and economic returns of real estate development and investment. Finally, it will expose students to as many aspects of real estate issues and decision-making as possible.

0308365

Risk Management

Credit hour: 3

Prerequisite:

0308230 - Financial Management

The course focuses primarily on introducing risk and insurance, blends basic risk management and insurance principles with consumer considerations. Coverage includes a discussion of basic concepts of risk and insurance, risk management and insurance techniques, functional and financial operations of insurers, legal principles, life and health insurance, auto insurance, property and liability insurance, employee benefits, and social insurance.

0308430

International Financial Management

Credit hour: 3

Prerequisite:

0308230 - Financial Management

This course covers the most important concepts applied in the financial decision making process of multinational corporations. These comprise arbitrage theory, market efficiency, capital asset pricing and total risk. Initially, students will comprehend how the foreign exchange market is structured, the way exchange rates are determined, exchange rate regimes in practice today and the links between exchange rates and other macroeconomic variables such as inflation, interest rates, money supply etc. During the second part of the course, students will focus on foreign exchange rate exposure for multinational corporations and identify the basic hedging strategies used by these firms to manage this type of risk. Finally, students will deal with international currency bond and credit markets and discuss the conceptual underpinnings of international financial markets.

0308431

Financial Markets and Institutions

Credit hour: 3

Prerequisite:

0308230 - Financial Management

The scope of this course is to provide students with an overview of how financial markets are structured and which are the main financial institutions that operate within them. The focus will initially be on the importance of interest rates in the economy and the basic forces that influence their movements. Then, students will develop an understanding of the principal capital markets, that is, the bond and equity market. The second part of the course will be devoted to the study of financial institutions starting with outlining the goals, tools, strategy and tactics of central bank policymaking. Then the reasons why we need strong financial institutions, the potential conflicts of interest and the need for regulation especially after the last Global Financial Crisis will be explained. Finally, the functioning of specific financial institutions such as mutual funds or investments banks will be described.

0308361

Banking Operations Management

Credit hour: 3

Prerequisite:

0308230 - Financial Management

This course covers the main functions and services of banks, financial stamen of banks, measuring and evaluating the performance of banks, asset-liability management and duration techniques, liquidity and reserves management, managing and pricing deposit services investment policies, and the management of capital.

0308461

Credit Analysis and Lending Management

Credit hour: 3

Prerequisite:

0308230 - Financial Management

The course provides the student with a strong background of the management of advances and loans in financial institutions. The course covers initially the principles of good lending which make up the framework for the credit management in lending institutions. These comprise among others the 5Cs of credit, financial statement analysis, credit scoring analysis and credit scoring techniques. The second part of the course deals with different types of loans and relative differences in managing them. These types include consumer finance, credit cards, real estate finance, corporate loans, small business lending, and international lending.

0308362

Introduction to Islamic Banking and Finance

Credit hour: 3

Prerequisite:

0308230 - Financial Management

This course provides an introduction to the basic concepts of Islamic banking and other types of financial transactions applied globally. It will attempt to differentiate between the Islamic financial system and its conventional counterparts. It will simplify and explain the theories and concepts of the Islamic financial instruments used in the industry. This will expose the participants on how Islamic banking concepts are used in everyday life.