Principles of Microeconomics (ECON105)

This course provides students with an introduction to economic analysis and institutions. The course starts with developing simple graphical and mathematical models of decision making by individual economic agents: consumers, workers and businesses. Students are directed to analyze interactions between the agents in product and factor markets using the concepts of demand, supply, and equilibrium. It also introduces students to various market structures from perfect competition to monopoly, and describes the roles of government in market economy that include the pricing system in resource allocation and income distribution.

Credit Hours : 3

Course Learning Outcomes

At the end of the course, students will be able to :

1. Describe economics as a study of individuals interacting with each other and the business sector
2. Show the outcomes of the interaction between buyers and sellers in the market
3. Evaluate the effect of government policies and argue about how those relate to price setting
4. Evaluate elasticities or, in other words, the responsiveness of buyers and sellers to changes in circumstances
5. Construct input-output and input-cost graphs and explain the underlying relationships
6. Compare and contrast monopoly and perfect competition as different market structures and assess their efficiency and welfare implications

Principles of Economics (ECON110)

This course is a basic and introductory course to economics. It starts by introducing the difference between microeconomics and macroeconomics (the main two fields of economics) and proceeds to introducing the students to some fundamental concepts in both fields. Students will, for example, understand what a country's income is and how it is being determined, how the prices we see in the market are a result of the interaction of supply and demand, why governments intervene in some markets and why we have a public sector, what money really means and why banks and financial markets are important, what inflation and unemployment mean, why international trade is important and many countries like to have free trade, etc.

Credit Hours : 3

Course Learning Outcomes

At the end of the course, students will be able to :

1. Explain the basic dilemma of economics (limited resources and unlimited wants).
2. Recognize the difference between Macroeconomics and Microeconomics.
3. Explain in simple terms some basic economic concepts, such as market equilibrium, GDP, inflation, unemployment, etc.
4. Use simple graphical illustrations to apply basic supply and demand theories and define market equilibrium.
5. Compare open and closed economies and give examples of various countries that are considered relatively open or closed.
6. Describe Money supply and the basic roles of Central banks and commercial banks.

Principles of Macroeconomics (ECON125)

This course introduces students to macroeconomic analysis and its applications. It starts with an understanding of how composition, size, and distribution of national income are determined, and continues with exploring the problems of inflation and unemployment in a modern economy. Students are expected to understand government roles in macroeconomics through the effectiveness of fiscal and monetary policies. Attention is also given to the sources and consequences of economic growth and to the nature of international linkages faced by an economy through goods and capital markets.

Credit Hours : 3

Prerequisites

• AGRB200 with a minimum grade D or ECON105 with a minimum grade D

Course Learning Outcomes

At the end of the course, students will be able to :

1. Analyze the standard of living and the cost of living for different countries using the concepts of real GDP and the different price levels
2. Examine the causes and the effects of inflation and unemployment.
3. Explore how productivity affects a country’s growth.
4. Investigate what causes business cycle and its interplay with inflation and unemployment.
5. Assess the effects of fiscal and monetary policy in the short and the long run using aggregate demand and supply analysis.
6. Interpret reliable economic data to conduct basic economic analysis for UAE and other countries.

Intermediate Theory of Microeconomics (ECON211)

This course further develops student understanding of the economic behavior of individuals and firms—how they respond to changes in opportunities and constraints and how they interact in markets. Topics include consumer theory, theory of the firm, competition, and factor markets. Moreover, the course looks at market failures such as imperfect competition (monopoly and oligopoly) and externalities, as well as their consequences on welfare. Throughout the course students will get a sense of the conditions under which market economies are efficient, as well as the way governments can make the economy less or more efficient.

Credit Hours : 3

Prerequisites

• ECON105 with a minimum grade D
• MATH115 with a minimum grade D

Course Learning Outcomes

At the end of the course, students will be able to :

1. Explain how consumers make choices that maximize their utility given their limited income.
2. Analyze the process through which firms convert inputs into outputs.
3. Apply basic microeconomic principles of analysis to explain how markets function.
4. Distinguish different market structures and explain how each of them work.
5. Distinguish between short and long run horizons and assess their consequences.
6. Appraise how government intervention affects efficiency and welfare as well as differentiate between its positive and normative implications.

Intermediate Theory of Macroeconomics (ECON212)

This is a course on intermediate macroeconomic theory, where students will be introduced to concepts and analytical tools frequently used by economists to tackle a range of macroeconomic issues that are relevant to businesses, governments, and households. It examines issues relating to long-term growth as well as business cycles. Significant attention is paid to macroeconomic stabilization (fiscal and monetary policies). The course also introduces open macro economy issues such as balance of payments, exchange rates and currency crises. The course is not just a descriptive survey of issues. The aim will be to provide coherent analytical frameworks and theoretical foundations to understanding cotemporary global macroeconomic policies.

Credit Hours : 3

Prerequisites

• ECON125 with a minimum grade D

Course Learning Outcomes

At the end of the course, students will be able to :

1. Examine the different approaches to and problems in measuring key macroeconomic variables such as GDP, inflation, and unemployment.
2. Explain macroeconomic theories as well as various schools of thought and how they apply to real world policy issues.
3. Explain the origins, evolution, sources, and mechanisms of economic growth.
4. Apply simple analytical models like the IS-MP/AD-AS to conduct macroeconomic analysis.
5. Examine the impact of exchange rate fluctuations on the macroeconomy
6. Produce data-driven policy briefs on contemporary macroeconomic policy issues.

Money and Banking (ECON215)

This course focuses on understanding money, the banking and financial systems, and the role of monetary policy in the economy. The course emphasizes concepts that are fundamental to understand financial instruments, institutions and markets, and the tools and techniques employed throughout the financial system. The course objectives include an understanding of 1) the origins and nature of money; 2) the determination of interest rates; 3) how to apply basic knowledge of financial markets and instruments; 4) how money and capital market’s function; and 5) the role of central banks and formulation of monetary policy.

Credit Hours : 3

Prerequisites

• ECON125 with a minimum grade D

Course Learning Outcomes

At the end of the course, students will be able to :

1. Discuss the structure of the Financial System and the role of money in the economy.
2. Explain the significance of the Financial System in the economy
3. Identify the determinants of interest rate in the Financial Markets and Financial Institutions.
4. Recognize the role of the Financial System in the money creation.
5. Produce professional quality reports on Money and Financial System.

Introduction to Econometrics (ECON231)

The objective of this course is to provide the basic knowledge of econometrics that is an essential tool for any serious economist or social scientist. This course emphasizes both the theoretical and the practical aspects of econometric analysis. It aims at developing an intuitive understanding of the material that allow students to utilize these skills effectively and creatively. Throughout the course, students will be offered practical exercises that give them opportunity to use statistical software in conducting econometric analyses. After accomplishing the goals of this course, students are expected to have a solid foundation for the elementary concepts, which enable them to acquire further specialized and advanced econometric skills by self-learning.

Credit Hours : 3

Prerequisites

• MATH115 with a minimum grade D
• STAT102 with a minimum grade D
• STAT202 with a minimum grade D

Course Learning Outcomes

At the end of the course, students will be able to :

1. Discuss the assumptions, concepts, and methods in regressions
2. Interpret the results of multivariate regressions
3. Conduct hypothesis testing on the coefficients of regression equations
4. Apply econometric techniques to investigate economic or financial relationships using economic data and statistical software.

Public Projects Economics (ECON236)

This course practically introduces the students to the foundations of cost-benefit analysis (CBA) techniques in public projects. It applies the concepts of social surplus and allocative efficiency, costs and benefits in primary and secondary markets, discounting, market distortions and the various approaches to shadow pricing in developing countries to public projects appraisal. Various related public policy issues, e.g., monetization, the identification and valuation of social impacts, and the tradeoff between efficiency and equity are addressed; that leads to considering the rationale for, and reviewing the methods of, distributional weighting in CBA (DWCBA), cost-effectiveness analysis (CEA), multi- criteria analysis (MCA), and the qualitative (non-economic) techniques of project assessment.

Credit Hours : 3

Prerequisites

• ECON211 with a minimum grade D

Course Learning Outcomes

At the end of the course, students will be able to :

1. Distinguish between primary and secondary benefits and costs in a simple cost benefit analysis framework.
2. Apply discounting techniques in a simple public project or policy appraisal.
3. Use shadow pricing methods in a simple Social Benefit-Cost analysis framework.
4. Write simple appraisal conclusions and qualitative environmental and distributional impact reports.
5. Evaluate the advantages and disadvantage of different methods of appraisal for various types of projects.

Microeconomics of Competitiveness (ECON311)

The course explores the social welfare implications of different market structures, as they affect the behaviour and strategies of firms in terms of price, output, or R&D. Part of the course will focus on the theory of oligopoly and how it fits within the overall structure-conduct-performance (SCP) paradigm. The lessons obtained from the theory will then be applied to the analysis of mergers, price-fixing, or abuse of dominant position, among other topics. Real-life case studies will be discussed in class, and they appear in all forms of assessment.

Credit Hours : 3

Prerequisites

• ECON211 with a minimum grade D

Course Learning Outcomes

At the end of the course, students will be able to :

1. Critically discuss what determines inter-industry differences in the structure of markets.
2. Identify how firms interact with each other in their price, output and R & D decisions.
3. Analyze how firms may act strategically to retain profits by deterring entry, and what motivates firms to merge or collude.
4. Evaluate how the structure of industries affects the pricing, output, R&D and their economic performance.
5. Analyse why and how existing regulations protect competition.

Climate Change Economics and Policy (ECON320)

The aim of the course is to apply key concepts and fundamentals of economic analysis to study the environmental, economic, social, and economic policy (either mitigation or adaptation) issues related to climate change. The objective is to enable students to understand the drivers of climate change, the methods to analyze them, and the ways used in order to design climate change policies in theory and practice. The introductory part of the course will discuss why climate change represents a main issue for our societies – i.e., the economic challenge raised by climate change with the notion of global externality, with specific attention to how reducing GHG emissions to lower the negative impacts of present activities on future welfare. The second part of the course will discuss how to design effective policy instruments in order to limit climate change, the costs and benefits of such policies, and the international architecture and political economy issues in implementing these policies. This part of the course also discusses UAE's mitigation and adaptation policies. Lastly, the course will briefly discuss the role of energy prices and renewable energy in global climate change and addresses the issues of climate change from developing country perspectives.

Credit Hours : 3

Prerequisites

• ECON211 with a minimum grade D
• ECON212 with a minimum grade D

Course Learning Outcomes

At the end of the course, students will be able to :

1. Identify key issues relating to climate change.
2. Analyze how economics can offer public policies aimed at mitigating the effects of climate change.
3. Apply economic instruments in designing appropriate climate change policies.
4. Evaluate the role of energy prices in mitigating the effects of climate change.
5. Undertake independent research in the area of the economics of climate change mitigation.

Energy Economics and Policy (ECON321)

The course applies key economics and political economy concepts and theories to address contemporary trends in global energy markets and their implications from national and global perspectives. Topics of interest to the UAE long-term energy strategy (2050) are emphasized. That includes, the Energy-Economy-Environment nexus, Energy Indicators for Sustainable Development, the economics of renewable and non-renewable energy, the role of markets and international policies in the global energy transition, oil and natural gas markets and prices, unconventional sources such as shale gas, the impact of globalization on energy performance and productivity.

Credit Hours : 3

Prerequisites

• ECON211 with a minimum grade D

Course Learning Outcomes

At the end of the course, students will be able to :

1. Explain how energy demand and supply factors influence oil prices in the short and the long run.
2. Critically assess how shale gas advancements have changed the way the oil and natural gas markets operate.
3. Apply economic methods and analysis to assess energy efficiency policies and effects on energy sustainability.
4. Analyze how energy transition polices affect climate change and the attainment of the relevant Sustainable Development Goals.
5. Effectively communicate the highlights and conclusions of articles addressing recent energy markets developments.

International Trade (ECON330)

This course focuses on both international trade theory and trade policy analysis. Emphasis will be placed on using trade theories to understand the reasons for and processes of international trade in goods and services. The course is not just a descriptive survey of trade policy issues but will aim to provide theoretical frameworks to examine topics such as comparative advantage, factor mobility, new trade theories, and political economy of trade policy.

Credit Hours : 3

Prerequisites

• ECON211 with a minimum grade D

Course Learning Outcomes

At the end of the course, students will be able to :

1. Explain the importance of international trade in a globalized economy.
2. Debate the role played by trade policy in promoting economic growth.
3. Explain the difference between comparative and competitive advantage
4. Use theoretical models to understand why countries engage in international trade.
5. Apply general equilibrium reasoning to understand the political economy of trade and trade policy analysis.
6. Communicate, orally and in writing, the salience of contemporary international trade policy issues.

International Finance and Policy (ECON331)

This course focuses on selected analytical and policy issues relating to international financial markets and policies. Emphasis will be placed on developing simple analytical tools to understand international macroeconomic policy issues confronting the world economy. The course is not just a descriptive survey of issues but will aim to provide analytical frameworks to examine topics such as international financial crises, exchange rates and its impact on trade and investment, the role of international agencies such as the International Monetary Fund, as well as cutting-edge issues in financial globalization.

Credit Hours : 3

Prerequisites

• ECON212 with a minimum grade D

Course Learning Outcomes

At the end of the course, students will be able to :

1. Explain the core concepts and theories in international finance and open-economy macroeconomics.
2. Apply simple analytical frameworks to study important issues in international finance such as exchange rates and financial crises.
3. Evaluate the nature, evolution, and impacts of financial globalization on emerging markets.
4. Debate the empirical evidence on the benefits and trade-offs associated with international financial integration.
5. Communicate, orally and in writing, the significance of contemporary international financial policy issues.

Public Economics (ECON344)

The aim of this course is to provide the tools to analyze the role of the role of the government and the public sector in mixed economies. The course discusses the ideal situation of perfectly competitive markets and how market structure relates to economic efficiency. Market failures result in inefficiency. The government can not only improve efficiency but resource distribution in society. Topics covered in the course include market efficiency, market failure, externalities, equity, public goods, public expenditure, taxation, and fiscal federalism.

Credit Hours : 3

Prerequisites

• ECON211 with a minimum grade D

Course Learning Outcomes

At the end of the course, students will be able to :

1. Explain how markets and governments affect economic efficiency.
2. Distinguish market failure sources and the role of government in correcting them.
3. Compare between the different public goods.
4. Analyze the alternative means and impact of government finance.
5. Compare income, consumption, and wealth taxes.
6. Examine the impact of the different taxes on saving, investment, and labor.

Sustainable Development (ECON350)

This course aims to provide a holistic view of economic issues pertaining to sustainable development. It begins with an overview of economic development and its distinction from economic growth. Topics include: poverty, inequality, unemployment, population growth, competitiveness, human capital, technology, the IV industrial revolution, and urbanization. Additionally, the course assesses how institutions affect economic outcomes and why some nations fail while others succeed. Next, this course considers the impediments to development and how they can potentially be implemented through sustainable development policies at the micro and macro level. It covers topics such as definitions and intellectual background of sustainable development, measurement of sustainable development, sustainable management of cities and communities, and sustainable industry and infrastructure. Theoretical issues are illustrated by case studies with a special emphasis on the UAE.

Credit Hours : 3

Prerequisites

• ECON211 with a minimum grade D
• ECON212 with a minimum grade D

Course Learning Outcomes

At the end of the course, students will be able to :

1. Describe central themes and issues of sustainable economic development.
2. Debate sustainable economic development goals, challenges, and opportunities.
3. Analyze sustainable development paths through a range of sustainability indicators.
4. Analyze empirical evidence on the policies of sustainable economic development.
5. Evaluate policy actions and discussions related to the areas covered in the course

Economic Policy Analysis (ECON360)

This course is intended to equip students with the needed techniques to conduct applied economic analysis of public policies. In its first part, the course introduces the foundations, basic concepts and goals of public policy and the role of the policy analyst. Relevant microeconomics, public choice foundations, and quantitative methods and tools for public policy analysis will be reviewed, including theories on the rationale of government intervention in the economy. The second part of the course is devoted to the study of the principles of impact evaluations and its application in economic policy cases, e.g., healthcare, urban transportation, pollution control, Emiratization, Value Added taxes etc. Students will work in teams towards a common project.

Credit Hours : 3

Prerequisites

• ECON231 with a minimum grade D
• ECON236 with a minimum grade D

Course Learning Outcomes

At the end of the course, students will be able to :

1. Apply appropriate techniques and economic frameworks to the analysis of a range of public policies.
2. Assess economic policies, using impact evaluation or econometrics methods.
3. Integrate identified social and sustainability aspects in economic policy proposals.
4. Write effective policy briefs, in teams and individually, advising public officials on a particular economic policy.
5. Communicate, orally, in teams and individually, public policy proposals and discussions.

Resource Economics and Policy (ECON420)

This course aims to apply key concepts and fundamentals of economic analysis to the study of natural resources use and management. In its first part, the students are introduced to the microeconomic theories and techniques relevant to understanding issues related to the depletion and degradation of natural resources as a result of human behavior, e.g., common pool resources. The second part is devoted to the study of public policy and issues of governance of natural resources. It introduces an analysis of market-based and regulatory solutions to achieving economic efficiency and sustainability that help inform policies related to effective natural resource management. Finally, the course will address some applied natural resource problems of relevance to the UAE economy, such as water resources, fisheries, land and biodiversity.

Credit Hours : 3

Prerequisites

• ECON236 with a minimum grade D

Course Learning Outcomes

At the end of the course, students will be able to :

1. Identify market failures related to natural resources and their implications on resources sustainability.
2. Assess the tradeoffs of different resource efficiency and sustainability policies.
3. Apply relevant economic concepts and frameworks to analyze natural resources’ demand and supply sides.
4. Reflect on the role of firms and individuals’ social responsibility in natural resources sustainability.
5. Effectively communicate conclusions or findings of recent articles on natural resources policies.

Research Methods in Economics (ECON432)

The aim of this course is to supply students with an understanding of the issues and problems of conducting research in economics and the tools available to them. The course will enable students to develop skills necessary to conduct applied research in economics or an allied field. During the course students will develop original research question/s and hypotheses, conduct a literature review and use bibliographic software to manage their citations and references, analyze the problem/s using appropriate research methods (quantitative/qualitative) according to ethical standards, test their analysis or model of the problem, interpret their results, and write up the findings using appropriate academic language.

Credit Hours : 3

Prerequisites

• ECON211 with a minimum grade D
• ECON212 with a minimum grade D
• ECON231 with a minimum grade D

Course Learning Outcomes

At the end of the course, students will be able to :

1. Analyze, Criticize And Research Contemporary Economic Issues In Relation To The Uae'S Economic Development
2. Communicate Their Research Results Effectively In A Written Format Understandable To An Expert And Layperson Using Appropriate Academic Writing Skills
3. Develop A Well-Articulated Research Question/S And Abstract, Based On A Comprehensive Review Of The Existing Academic Literature
4. Present Their Research Findings To A Technically Minded Audience
5. Understand Different Research Methodologies And Carry Out Primary And/Or Secondary Research
6. Understand The Ethical Implications Of Research Including How To Avoid Plagiarism And Demonstrate Use Of Technical Software For Referencing And Citation Purposes

Applied Economics of the Middle East (ECON433)

This course aims to provide students with an understanding of the socio-economic and structural characteristics of the Middle East and North African economies. The course analyses the contemporary opportunities and challenges facing these economies, with a specific focus on the Gulf region. Learning methods require students to analyze academic articles on the region and utilize econometric techniques. Among the topics covered are developments in the oil and gas sector, labor markets and migration, the implications of changing demographics such as declining birth rates, the role of inter-regional and international trade, capital flows, the role of government policy, economic reforms and diversification, and finally the significance of banks and financial markets in the region’s economic development.

Credit Hours : 3

Prerequisites

• ECON105 with a minimum grade D
• ECON212 with a minimum grade D
• ECON231 with a minimum grade D

Course Learning Outcomes

At the end of the course, students will be able to :

1. Assess The Applicability Of Development Theories To The Economies In The Middle East
2. Discuss The Economic Teachings Of Islam
3. Evaluate The Role Of International And Intra-National Trade In The Economic Development Of The Middle East
4. Explain Structural Transformation And Growth In The Middle East
5. Express The Role Of Oil And Gas Production In Development Of The Middle East
6. Identify Demographic Changes In The Middle East And Their Economic Consequences

Labor and HR Economics (ECON441)

This course introduces students to the key aspects of labor economics and human resource development theory: demand and supply; market equilibrium; productivity; and incentive structures. It introduces the main tools used to analyze, evaluate and understand labor market dynamics. In addition, it concentrates on the labor markets of the UAE and the Arabian Gulf. It introduces UAE specific case studies and labor market data for empirical applications.

Credit Hours : 3

Prerequisites

• ECON211 with a minimum grade D

Course Learning Outcomes

At the end of the course, students will be able to :

1. Illustrate how workers make labor supply, occupation choice, and human capital investment decisions.
2. Relate training costs to employees’ wages.
3. Analyze how wages and employment are determined in the alternative labor and product markets.
4. Compare the alternative pay schemes and their effect on labor efficiency.
5. Dissect the government impact on the GCC labor market.

Selected Topics In Economics (ECON455)

This course introduces students to the art of applying different economic theories and concepts to specific “real world” topics in economics. The course topics may vary to reflect changing interests and state of the art topics. Depending on faculty interest and availability, the course may cover a wide range of special topics in economics with an applied orientation. For instance, it may cover topics that belong to Health Economics, Public Economics or Sustainable Development Economics. The present course topics are related to sustainable development. This course is aimed at giving an introduction to the basic concepts of “sustainable development” and how these concepts have been implemented through “sustainable development policies” at the micro and macro level. The theoretical contents of the course is based on the concepts of environmental and resource economics and macroeconomics. Theoretical issues are illustrated by case studies with a special emphasize on the UAE and/or GCC cases. It covers topics such as: definitions and intellectual backgrounds of sustainable development, measurement of sustainable development, sustainable urban management, sustainable management of resources, sustainable development and firms environmental strategies.

Credit Hours : 3

Prerequisites

• ECON211 with a minimum grade D
• ECON212 with a minimum grade D

Course Learning Outcomes

At the end of the course, students will be able to :

1. Apply The Appropriate Technique Of Economic Evaluation To Resource Allocation Decisions
2. Apply The Fundamental Principles Of Health Economics To Decision Making In Health Care
3. Critically Appraise A Health Economics Article
4. Describe And Critically Appraise And Compare The Role Of The Government And The Private Market As Health Insurance Providers
5. Describe The Different Methods That Can Be Used To Assist Health Care Priority Setting Development.
6. Describe The Fundamental Principles Of Health Economics
7. Discuss Different Methods For Eliciting Preferences And The Strengths And Weaknesses Of Each Method
8. Discuss The Different Methods For Measuring Costs And Benefits In Economic Evaluation
9. Discuss The Role Of Institutions And Health Care Systems
10. Discuss The Role Of Markets And Incentives In The Demand And Supply Of Health Care
11. Interpret Basic Regression Coefficients From A Dce

Seminar in Economic Policy Research (ECON460)

This course is a culmination of students’ exposure to the various areas and techniques of economics and is intended to provide an integrative experience to the study of economic policy analysis. Students will be coached on one-on-one basis to develop their own research interests, choose their research topics in economic policy, work individually to write their own research paper, and present their results. In the individual project, students are expected to shape their research questions, review relevant literature, formulate research hypotheses, collect economic data, implement appropriate econometric models, analyze the results, draw conclusions, and provide policy recommendations. Students will practice how to write an economic policy brief and make oral presentations on their findings and conclusions.

Credit Hours : 3

Prerequisites

• ECON212 with a minimum grade D
• ECON344 with a minimum grade D
• ECON360 with a minimum grade D

Course Learning Outcomes

At the end of the course, students will be able to :

1. Formulate a proper economic research question and the related hypotheses.
2. Identify possible econometric techniques and their requirements for a given research question.
3. Interpret the results from using a statistical software to draw findings.
4. Write an effective literature review corresponding to the research problem under investigation.
5. Effectively communicate, orally and in writing, the research findings and implications for policy.

Economics for Policy Analysis (ECON541)

The course will focus on the principles and techniques of economics important for analyzing economic aspects of public policy. First, the course will focus on the working on the aggregate economy highlighting topics like employment, productivity, trade and fiscal deficits, inflation, interest rate and exchange rates and their impacts on public policy. Then the course will focus on micro issues like the models of economic behavior, the price system, market failure and interventions, and related policy instruments. The course will examine Islamic principles and theories of the above topics, as appropriate

Credit Hours : 3

Course Learning Outcomes

At the end of the course, students will be able to :

1. Explain how a system of perfectly competitive markets can achieve efficient outcomes.
2. Explain why and how positive and negative externalities constitute a failure of the market system.
3. Describe the taxonomy of public goods and explain how they can be produced and financed.
4. Describe alternative means of financing government activities and compare the economic impacts of a different tax structures.
5. Explain the differences between criteria used to evaluate different methods of government finance and the impact of government taxes on private agents’ income, consumption and wealth.
6. Explain how cost/benefit analysis can be used to assess public policies.

Financial Management and Public Budgeting (ECON544)

This course will examine the major aspects of financial planning and public budgeting focusing on topics like the philosophy of public finance, financial analysis and planning techniques, theories of budgeting and budget as a mechanism for planning and control, accounting and auditing in the public sector, government responsibility for capital facilities planning, etc. The course will also look at the contemporary issues in public budgeting and financial management, and how they interface with public management drawing on comparative regional and international experiences, as available and appropriate.

Credit Hours : 3

Course Learning Outcomes

At the end of the course, students will be able to :

1. Understand the principles of public finance and budgeting.
2. Compare different theories and approaches of budgeting in the public sector.
3. Recognize the ethical dimensions of public finance and budget issues.
4. Evaluate the theoretical and practical implications of the government's budgeting in a fast changing world.

UAE in the Global Business Environment (ECON605)

Deeper global economic integration is a key strategic goal for the UAE and is seen as a catalyst for the UAE’s sustainable economic development. This course will provide students with an in depth understanding of how international business issues affect the UAE and how the UAE is positioning itself in the global economy. The course will provide a clear framework for understanding the process of globalisation, international transactions, financial issues, global economic trends and their significance for UAE organisations, as well as how government policy is facilitating the UAE’s deeper integration into the global economy.

Credit Hours : 3

Course Learning Outcomes

At the end of the course, students will be able to :

1. Analyse International Business And Economic Trends And Events In Relation To The Uae And Its Organisations.
2. Describe The Processes Of Economic Integration Through Examining International Trade, Investment, Financial Market Integration And Foreign Exchange Markets, In Both Individual And Team Work Settings.
3. Explain, And Give Examples Of, The Role Of Government Policies In Influencing The Uae’S Global And Regional Economic Integration And Interpret The Uae’S Economic Goals As Laid Out In Their Strategic Plans.
4. Identify And Analyse Key Strategic Sectors Of The Uae Economy Which Are Driving The Uae’S Global Integration.
5. Identify, And Give Examples Of, The Forces Driving A Nation’S Competitiveness And Recognize International Benchmarks Of Competitiveness.
6. Recognize The Importance Of Globalization And Regional Integration, And Evaluate Its Potential Impact On The Uae And Its Organisations Using Business Analytical Frameworks In Both Oral And Written Communication.

HR & Personnel Economics (ECON610)

This course applies economic analysis to the study of human resource management issues. In particular, it focuses on the economic rationale for formulating specific personnel strategies and policies such as those related to incentive systems to enhance performance and stimulate innovation within organizations. The course covers the key topics of personnel economics within five aspects of employment relationships: incentives, matching firms with workers, compensation, skill development, and the organization of work. In each of these aspects, the course aims at bringing valuable cutting-edge economics research findings and case studies to managers which can help them develop a deeper understanding of human resource issues and tradeoffs in the complex business environment of today. The course starts by studying firms’ hiring decisions and how the job offer can be structured to improve the effectiveness of recruiting under imperfect information and the presence of search costs. So, we study the latest research on matching firms with workers under asymmetric information and the firm’s decision to investment in workers’ skills and human capital. We then study issues related to job design and the economics of teamwork. The course then moves to a central issue in personnel economics: incentives and encouraging employees’ efforts. In this we critically analyze the trade-off between risk and incentives, performance evaluation, rewarding performance and compensation models. Lastly, the course considers benefit design issues.

Credit Hours : 3

Course Learning Outcomes

At the end of the course, students will be able to :

1. Critically Analyze The Effects Of Pay-For-Performance And Compensation Models On Productivity.
2. Design Effective Hiring Strategy In The Presence Of Search Costs And Employer-Worker Asymmetric Information.
3. Identify And Evaluate The Rationale For Teamwork And Its Impact On Productivity For Effective Job Design.
4. Identify The Tradeoffs Between Effort And Risks In Designing Incentive Systems.
5. Propose Effective Performance Incentives When Part Of The Effort Is Not Contractible.

Managerial Economics (ECON651)

This course covers the essential principles and tools of Managerial Economics. The course examines the principles of microeconomics, and illustrates how they apply to managerial decision-making. Students who master this material will be better prepared for leadership positions in business, not-for-profit, and government entities. The first part of the course discusses basic economic concepts such as supply, demand and costs. We move from these basic concepts to studying how firms behave when they have market power. Topics include differences between perfectly and imperfectly competitive markets, optimal pricing for firms with monopoly power, and the use of advanced pricing such as bundling and versioning to capture value. The final section of the course focuses on advanced topics in market analysis. These include the role of externalities and imperfect or asymmetric information.

Credit Hours : 3

Course Learning Outcomes

At the end of the course, students will be able to :

1. Use graphical tools to analyze economic interactions and outcomes.
2. Apply mathematical skills to provide solutions and recommendations to managerial economic problems.
3. Demonstrate managerial economics knowledge in the areas of consumer and firm behavior analysis, competitive market structure, and macroeconomic activity.
4. Analyze management related ethical issues through case studies.
5. Demonstrate presentation skills using case study analysis.
6. Construct policy recommendations at the microeconomic and the macroeconomic level.

Economics for Management (ECON655)

This course focuses on managerial applications of key macroeconomic and microeconomic principles pertaining to market competition, the national economy, and global markets. The course examines how an understanding of micro and macroeconomic fundamentals can help enhance managerial decision making. It aims to foster an economic way of thinking in making complex managerial decisions, especially in situations of incomplete information. The first part of the course discusses concepts related to microeconomics, such as supply, demand, and production costs. The course then moves to studying how firms behave when they have market power. Topics include differences between perfectly and imperfectly competitive markets, optimal pricing for firms with market power, and the use of advanced pricing strategies to capture value. The second part of the course focuses on macroeconomic concepts, specifically related to open economies, providing a clear framework for understanding the process of economic and financial globalization and their significance for multinational businesses.

Credit Hours : 3

Prerequisites

• STAT511 or STAT202

Course Learning Outcomes

At the end of the course, students will be able to :

1. Analyze the market structure and the business environment in which a manager operates for the purpose of making informed business decisions.
2. Assess consumer and firm behavior, in a complex global and domestic market environment, as input for the development of business strategies
3. Apply economic tools and concepts to a wide range of strategic business decisions in response to changing macroeconomic policies and global supply and demand conditions.
4. Evaluate the importance of Globalization and regional integration, and its potential impact on the UAE and its organizations using business analytical frameworks.

Business Finance (FINC210)

This course provides an overview of the fundamentals of finance, emphasizing their application to a wide variety of real-world situations spanning key financial issues related to companies, investors, and the interaction between them in the capital markets. In this regard, the course covers the basic building blocks of business finance, which will be needed in more advanced courses in finance and banking. The core of this course is on the principles of modern corporate finance and financial management. It emphasizes important concepts and techniques needed for financial decision-making. Topics covered include: Business ownership, time value of money, valuations of bonds and stocks, money and capital markets, financial analysis, financial planning, risk and return analysis, capital budgeting, cash flow analysis, financial planning.

Credit Hours : 3

Prerequisites

• Pre/Co ACCT111 with a minimum grade D

Course Learning Outcomes

At the end of the course, students will be able to :

1. Explain the basic principles of finance and apply them in making substantial financial decisions.
2. Show historical financial performance using financial statements and ratio analysis.
3. Apply the concepts of time value of money and risk return tradeoff in business decision-making context.
4. Illustrate Risk and Return in an investment setting.
5. Differentiate between the main sources of finances and their respective valuation techniques.
6. Apply capital budgeting techniques to make long-term investment decisions.

Financial Institutions & Risk Management (FINC261)

This course takes a risk management approach to the analysis of financial institutions operations and is designed to develop an understanding of the challenges in the management and regulation of financial intermediaries. As such, this course is designed to provide students with a conceptual framework necessary for analyzing and comprehending the current problems confronting managers of depository institutions and other intermediaries. It begins with a description of the institutional structure of financial institutions and the current global initiatives to regulate the risk management of banks (Basel accords on capital adequacy). It then characterizes the primary risks financial institutions confront. This is followed by development and use of risk management tools by financial institutions. The emphasis will be on the risk structure, operations and regulation of depository institutions.

Credit Hours : 3

Prerequisites

• FINC240
• ECON215

Course Learning Outcomes

At the end of the course, students will be able to :

1. Apply The Theoretical Knowledge To Real Life Practical Situations Through Project Works
2. Demonstrate Knowledge Of The Most Common And Important Risk Management Tools And Techniques In Financial Markets
3. Demonstrate Proficiency In Computer Applications Relevant To Financial Risk Management And Problem Solving
4. Explain The Role Of Derivatives In Financial Risk Management
5. Identify The Various Financial Risks Facing Financial Institutions
6. Use Qualitative Methods And Models For Evaluating Various Types Of Financial Risks.

Corporate Finance (FINC341)

Building on students’ knowledge of ratio analysis, financial statements, time value of money, stock and bond valuation and capital budgeting, the primary objective of this course is to expand on that knowledge by introducing students to real world examples of how these concepts are used in day-to-day corporate strategic planning and decision-making. Topics covered include financial analysis using both quantitative and qualitative data, theories of capital structure & dividends, long-term financing decisions and the appropriate use of debt/equity, calculation of optimal capital structure, financial risk management and derivatives, bankruptcy & financial restructuring, and corporate governance. A large array of applications and case studies is used to support the practical side of the different topics of this course.

Credit Hours : 3

Prerequisites

• FINC210 with a minimum grade D

Course Learning Outcomes

At the end of the course, students will be able to :

1. 1. Evaluate investment projects based on investment selection criteria.
2. 2. Justify financing decisions.
3. 3. Estimate firms’ cost of capital.
4. 4. Formulate dividend decisions.
5. 5. Discuss, in a professional way, agency problems.

Islamic Finance and Banking (FINC344)

This course aims to provide the essential understanding of Islamic economics and Islamic finance, including the setting up of traditional Islamic financial tools and practices and the development of modern Islamic banking and financial instruments and institutions. The course examines and relates the theory of Islamic finance to recent development in Islamic banking and financial industry. Topic covered include money policy, profit sharing, Islamic financial and banking institutions and their operations, Islamic banking model and alternative models of financing and structuring of Islamic investment funds.

Credit Hours : 3

Prerequisites

• FINC240 with a minimum grade D

Course Learning Outcomes

At the end of the course, students will be able to :

1. Analyze The State Of Islamic Finance And Make Predictions Regarding Its Future Directions
2. Assess The Risk-Return Profiles Of Basic Islamic Finance Products
3. Demonstrate Awareness Of The Ethical Issues Associated With The Islamic Financial Framework
4. Demonstrate Comprehensive Understanding Of The Islamic Finance Theoretical Framework
5. Design Basic Islamic Finance Products

International Finance (FINC348)

This course provides a foundational knowledge of the international business environment as well as introduces ideas on how financial management helps multinational firms operate optimally in that environment. The course focuses on international financial management within the multinational firm and provides an understanding of international regulatory and environment differences, the different foreign exchange regimes, balance of payments, access to money and capital markets, use of derivatives to hedge exchange rate risk, measurement and management of exposure to exchange rate and interest rate fluctuations, and international diversification. Emphasis is on international financial decision-making through the extensive use of cases and real-world examples.

Credit Hours : 3

Prerequisites

• FINC240
• ECON215

Course Learning Outcomes

At the end of the course, students will be able to :

1. Demonstrate Effective Participation And Contribution In Team Related Work In Order To Achieve The Team’S Objectives.
2. Discuss Different Topics Related To International Financial Theory, Concepts, Institutions, Markets, And Regulatory Environment.
3. Evaluate International Financial Decisions Within Ethical Frameworks.
4. Interpret International Financial Information By Using Appropriate Methods, Data Sources, And It Tools.
5. Use Appropriate Quantitative And Analytical Techniques To Solve A Problem Related To International Financial Management.
6. Use The Appropriate Technology To Deliver An Effective Presentation And To Produce Professional Quality Reports On International Financial Issues.

Investment (FINC377)

The course builds upon the concepts covered in the principles of financial management course (FINC 240). This course introduces the students to the analysis of investment information, evaluation of risks and returns, and principles of portfolio selection in investment decisions. This course focuses on securities markets, investment risk-return tradeoff, asset pricing models, and stock price behavior in relation to capital market efficiency hypotheses. Particular emphasis is placed on stocks, bonds, mutual funds and financial futures and options contracts. Special prominence is given on the study of the operations of securities markets, investment policies, valuation of individual securities, and techniques of investing in securities. Topics covered include investment instruments and their characteristics, introduction to portfolio and capital market theory, theory of valuation of stocks, bonds and the term structure of interest rates, options, commodity and financial futures, investment companies and mutual funds, and international investments.

Credit Hours : 3

Prerequisites

• FINC240 with a minimum grade D

Course Learning Outcomes

At the end of the course, students will be able to :

1. Demonstrate A Clear Knowledge Of The Risks And Rewards From Investing, The Valuation And Analysis Of Stocks And Bonds As Well As Other Financial Concepts Such As Portfolio Diversification, Asset Allocation.
2. Demonstrate Awareness About Ethical Issues Related To Financial Decisions.
3. Demonstrate Internet And Computer Competencies By Navigating To Outside Practitioner Readings And Data Sources To Interpret Financial Data And Information.
4. Describe Uae And International Financial Markets And The Different Types Of Financial Instruments As Alternative Investment Choices.
5. Produce A Short Report Related To An Investment Analysis Project Summarizing Their Investment Choices And Trading Strategies And Explaining How They Affected Their Wealth.
6. Use Appropriate Quantitative And Analytical Techniques To Compare Investment Choices And Implement Trading Strategies

Financial Statement Analysis and Business Valuation (FINC434)

This course is designed to prepare the students to interpret and analyze financial statements in various decision-making contexts. Indeed, Mergers, acquisitions, distress prediction, credit analysis, and security analysis rely on financial data and require full awareness of the financial position of the firm. Therefore, in order to analyze corporate decisions in those contexts, analyzing financial statements becomes vital as a milestone to conduct prospective analysis and valuation. Moreover, the financial performance of the firm crucially depends on various other factors among them: the business policy and the business environment. This course integrates financial statement analysis and performance evaluation in various corporate decision contexts. Ultimately this course aims to familiarize students with firm valuation using financial statements in view of the business strategy and the accounting policies adopted by the firm. The course briefly familiarizes students with understanding business policies, reporting policies then it offers a good platform for analyzing financial statements and conducting prospective analysis aiming to evaluate M&A decisions, distress prediction, credit analysis and equity security analysis etc…

Credit Hours : 3

Prerequisites

• FINC341

Course Learning Outcomes

At the end of the course, students will be able to :

1. Analyze financial statements to assess the performance of a business entity in various decision-making contexts
2. Apply prospective nalysis including forecasting and valuation techniques to various contexts such as equity analysis, credit analysis, distress prediction and mergers and acquisitions.
3. Conduct business forecasting and valuations on the basis of accounting data by applying various quantitative and analytical techniques.
4. Demonstrate hands-on modeling skills using spreadsheet software to prepare a financial planning model for a business entity, covering financial statement forecasts, ratio analysis and business valuation calculations.
5. Describe the framework of business analysis and valuation using financial statements.
6. Develop capabilities to work effectively in a group to produce a professional quality report related and to deliver a professional quality presentation

Case Studies in Finance (FINC463)

This course emphasizes the case study approach to intermediate financial management (corporate finance and security analysis). It focuses on examining a theoretical or practical topic proposed by the faculty beyond what is offered in existing finance and banking courses. The course deals with the applications of principles and techniques of corporate finance to the real-world situations through the intensive use of case studies. Topics covered include advanced capital budgeting, corporate governance, mergers and acquisitions, capital structure, dividend policy, short-term financial management and advanced security analysis techniques.

Credit Hours : 3

Prerequisites

• FINC341
• FINC377

Course Learning Outcomes

At the end of the course, students will be able to :

1. Apply Theories And Concepts To Practical Problems And Real World Cases In Finance.
2. Demonstrate Effective Participation And Contribution In Team Related Work In Order To Achieve The Team’S Objectives.
3. Evaluate Financial Decisions Within An Ethical Framework.
4. Evaluate Investments.
5. Explain The Macro Implications Of The Financial Management Process.
6. Produce Professional Quality Reports On Financial Issues.

Portfolio Management (FINC472)

The course deals with the theoretical and operative framework of advanced investment management using modern portfolio theories and money management techniques. It builds and expands on the knowledge the students gained in FINC 377 (Investments). It studies how optimal portfolios are constructed, the relation between risk tolerance and asset allocation, the use of hedging instruments to manage risk or/and enhance expected returns, and performance evaluation given the investor's objectives and constraints. In this course, students will apply portfolio models and concepts to actual market data to perform analytical skills and evaluate equities, fixed income securities and other investments. Asset pricing, diversification and other financial models are covered in detail. Active versus passive investment strategies, trading practices and the role of derivatives in managing securities risk, through case study and simulation approach, will be highlighted throughout the course.

Credit Hours : 3

Prerequisites

• FINC377 with a minimum grade D

Course Learning Outcomes

At the end of the course, students will be able to :

1. Apply various valuation models to estimate stock and bond prices.
2. Construct optimal portfolios using the mean-variance efficient frontier.
3. Demonstrate internet and computer competencies by navigating to outside practitioner readings and data sources to collect financial data and information.
4. Describe active and passive management strategies for stock and bond portfolios and related performance.
5. Explain the concepts of risk/return tradeoff, asset allocation and Diversification.
6. Produce a short report related to a portfolio diversification project summarizing their investment choices and trading strategies and explaining how they affected their wealth.

Selected Topics in Finance (FINC474)

The course covers highly specialized topics in finance with a special focus on advanced financial strategies. The course builds on the contents covered in earlier finance courses and provides a gate for students to broaden their understanding of various finance topics that are applicable in the industry nowadays. The course can be designed to focus on restructuring topics such as mergers and acquisitions including various types of M&A transactions, merger motives, performance of the merging parties, the method of financing M&As, the valuation of target firms and evaluation of synergies, in addition to related topics such as corporate governance and restructuring such as divestiture, spin-offs, buyouts, etc. The course can also cover other topics such as venture capital and private equity as well as other contemporary selected topics in finance of particular interest such as behavioral finance and real estate finance.

Credit Hours : 3

Prerequisites

• FINC341
• FINC377

Course Learning Outcomes

At the end of the course, students will be able to :

1. Demonstrate effective participation and contribution in team related work in order to achieve the team’s objectives.
2. Discuss different topics related to financial theory, financial markets, financial instruments and financial institutions.
3. Evaluate financial decisions within ethical frameworks.
4. Interpret financial data and information by using appropriate methods and it applications.
5. Use appropriate quantitative and analytical techniques to identify a financial problem, analyze and compare alternatives and propose a solution.
6. Use the appropriate technology to deliver an effective presentation and produce professional quality reports on financial issues.

Derivatives Securities (FINC475)

This course emphasizes derivatives products theories and its applications in financial markets. The course covers the conceptual and practical aspects of the use of derivative products for speculation and hedging purposes. Comprehensively studies equity and debt-based options, futures and other derivative instruments. It discusses the functioning of options and futures markets and the role of the market participants. Derivative instruments are analyzed with a focus on pricing, hedging techniques and arbitrage applications. Topics covered include derivatives products theories and applications, derivatives exchanges, valuation of derivatives (futures, forward, swaps and options contracts on different underlying assets), trading practices and regulations and the corporate management of financial risks. Case work and analysis is emphasized throughout the course.

Credit Hours : 3

Prerequisites

• FINC377 with a minimum grade D

Course Learning Outcomes

At the end of the course, students will be able to :

1. Demonstrate a good knowledge of different derivatives financial markets instruments, and hedging techniques.
2. Demonstrate ethical awareness in financial decision making as related to derivative securities and trading of derivative products.
3. Demonstrate proficiency in computer applications relevant to financial analysis and problem solving of options contracts and delta-hedging.
4. Interpret financial data and information by using appropriate methods and it applications, such as the application of financial trading system (FTS) to derivative Securities.
5. Produce professional quality reports on financial derivative products issues with the use of appropriate technology to deliver an effective group presentation.
6. Use of appropriate quantitative and analytical techniques to analyze options contracts

Accounting and Finance for Decision Making (FINC600)

This course aims to introduce students to the essentials of financial accounting and business finance. It provides the framework, concepts and tools needed to analyze financial decisions under uncertainty. After getting exposed to the concepts and theoretical foundations underlying financial statements and their use for financial analysis and diagnosis, students will understand the key financial issues facing managers, investors and entrepreneurs. Key topics and concepts include an overview of financial statement analysis, different financing instruments and how corporations issue securities, valuation of bonds and stocks, cost of capital, capital budgeting, and short-term financial planning.

Credit Hours : 3

Prerequisites

• ACCT520 or ACCT111

Course Learning Outcomes

At the end of the course, students will be able to :

1. Use appropriate accounting numbers and ratios when diagnosing the financial health and results of a business.
2. Differentiate the sources of long-term capital (specifically bonds, preferred stock, and common stock) and their use to support business growth.
3. Evaluate investment decisions using discounted cash flow and risk/return concepts.
4. Propose short term financial planning and working capital management.

Financial Management (FINC610)

This course aims at introducing MBA students to the essentials of modern corporate finance, financial management, and the process of financial decision-making at the corporate level. It focuses on the role of financial management in maximizing the value of the firm. It provides a framework for understanding the financial dimensions of implementing a competitive strategy in an unpredictable global economy. Throughout this course, students will examine the three responsibilities of a financial manager: (i) Making good investment decisions; (ii) Making good financing decisions; and (iii) implementing appropriate payout policies. Emphasis is on financial decision-making through the extensive use of cases and real-world examples.

Credit Hours : 3

Course Learning Outcomes

At the end of the course, students will be able to :

1. Compare Different Valuation Techniques Used In Practice And Apply Them To Various Decision Making Contexts Such As Investment Decisions, Mergers And Acquisitions, Security And Portfolio Analysis,…
2. Demonstrate Hands-On Modeling Skills Using Spreadsheet Software To Implement Time Value Of Money, Cost Of Capital And Valuation Calculations And Make Appropriate Financial Decisions In Complex Practical/Real Case Settings.
3. Describe The Strengths And Pitfalls Of The Value Maximization Objective In Financial Decision Making And Discuss Its Ethical And Social Responsibility Dimensions.
4. Develop Capabilities To Work Effectively In A Group And/Or Demonstrate Autonomy And Responsibility To Produce A Professional Quality Report Related To A Relevant Financial Management Project, And/Or Deliver A Professional Quality Presentation.
5. Identify Corporate Financing Alternatives And The Design Of A Company’S Capital Structure And Discuss How Capital Structure And Payout Policies Affect Firm Value.
6. Make Capital Budgeting Decisions And Compare Alternative Investment Opportunities On The Basis Of Real Accounting And Financial Data By Applying Various Quantitative And Analytical Techniques.

Advanced Corporate Finance (FINC640)

The course builds on FINA 610 Financial Management course and analyzes a variety of issues. The course is concerned with analyses of the financial policies and strategies of corporations using the case study approach. The topics covered include advanced project valuation using real options, cost of capital and capital structure, distribution policy including dividends and share repurchases, raising capital, mergers and acquisitions, leverage buyouts, corporate failure and restructuring. The course is useful for any student who is contemplating an eventual senior management position in a corporation. The course is also useful for investment managers and analysts. The course bridges the gap between theory and practice by using real life cases for international and regional corporations, where students are exposed to strategic financial decisions faced by corporation and will be stimulated to apply their analytical skills and reasoning in proposing optimal solutions to the problems in place.

Credit Hours : 3

Course Learning Outcomes

At the end of the course, students will be able to :

1. Analyze Real-World Case Studies In Strategic Corporate Finance Management, Make Conclusions And Provide Decisions.
2. Demonstrate Knowledge Of Corporate Financial Theories, And Understand Their Application In The Changing Macroeconomic Environment.
3. Participate Collaboratively And Responsibly In Teamwork, And Reflect Creativity In Leadership And Direction To The Team.
4. Produce A Professional Quality Report And Deliver A Highly Professional Oral Presentation On A Corporate Finance Topic.
5. Understand Corporate Financial Decision-Making And Complex Strategic Financial Decisions, Including Advanced Project Valuation Using Real Options, Cost Of Capital, Capital Structure, Dividends Policies, Mergers And Acquisitions, Corporate Failure And Restructuring.
6. Use Financial And Modeling Tools As Well As Appropriate Software Packages For Analysis Of Strategic Corporate Finance Management Decisions.

Financial Markets and Trading (FINC645)

This course is designed to provide students with an overview of the organization, structure and mechanisms of securities markets. Students will be exposed to various financial instruments and trading strategies and to the principles of valuation of financial instruments traded in financial markets. In this course, students will also acquire an in-depth understanding of the concepts of efficient markets, fundamental and technical analysis, and will be introduced to derivative securities.

Credit Hours : 3

Prerequisites

• FINC600

Course Learning Outcomes

At the end of the course, students will be able to :

1. Discuss the differences between the different financial markets, instruments, and related mechanisms.
2. Apply various stock, bond valuation models.
3. Assess the performance of the designed trading strategies using portfolio selection mechanisms.
4. Explain major financial market failures and related regulations.

International Finance & Banking (FINC650)

The course focuses on the unique problems encountered by the international treasurer or chief financial officer of multinational corporations. It is the international sequel of a corporate finance course and as such it revisits the same funding/financing and investment questions within a multi-currency setting. This course is designed to provide a foundational knowledge of the international business environment and to introduce ideas on how financial management helps multinational firms operate optimally in that environment. Emphasis is on international financial decision-making through the extensive use of cases and real-world examples.

Credit Hours : 3

Course Learning Outcomes

At the end of the course, students will be able to :

1. Apply Theories And Concepts Related To International Economic Environment In A Multinational Firm Context.
2. Appreciate Various Appropriate Financial Contracts (Securities) And Their Use In The Efficient Management Of International Business Risks (Particularly The Risk Of Changing Currency Values).
3. Demonstrate An Understanding Of The Nature And Roles Of The International Monetary System And Of Private Financial Institutions And Markets.
4. Learn To Identify Ways Of Using The Knowledge Of Uae Business Environment In Optimally Financing International Business.
5. Learn To Plan And Implement International Financial Decisions In Ways That Optimize The Objectives Of The Firm.
6. Recognize The Ramifications Of Exchange Rate Fluctuation On The Operation And Profitability Of Multinational And Domestic Firms.

Fintech and Blockchains (FINC655)

This course is designed to help students understand the role of Fintech and Disruptive tools at the intersection of Finance and Technology, called FinTech. It comprises two distinct but related components: (1) Financial Technology and (2) Blockchains. Technology is taking parts in Financial services faster than ever. We have already witnessed how technology is shaping the recent developments in payment systems, insurance, risk management, P2P lending, crowdfunding, money transfers and regulation. For the first part of the course, students will be exposed to issues on Financial Innovation from a theoretical and historical perspective. Here, the role of big data, and artificial intelligence will be examined with several case studies. The second part of the course, i.e., Blockchain and Cryptocurrencies, will introduce students to blockchains, cryptocurrency infrastructure, institutions, cryptoassets, cryptocurrency regulation and the role of blockchains in financial innovation.

Credit Hours : 3

Prerequisites

• FINC600

Course Learning Outcomes

At the end of the course, students will be able to :

1. Discuss the significance and limitations of classical financial services in payments, lending, funding and cross-country investments.
2. Discuss the role of technology and automation with Artificial Intelligence and Machine Learning for financial transactions and events.
3. Evaluate the potential use of Blockchain and Cryptocurrencies in financial services.
4. Select the most effective Fintech solution in analyzing insurance, risk management, P2P lending, crowdfunding, money transfers and payments.
5. Propose potential solutions related to recent Blockchain applications in financial transaction considering regulatory aspects.

Investment & Portfolio Management (FINC660)

This course introduces the students to the analysis of investment information, evaluation of risks and returns, and principles of portfolio selection in investment decisions. It offers an analysis of investments in financial securities, with an emphasis on portfolio theory and provides the theoretical and operative framework for portfolio and advanced investment management in the securities markets. This course focuses on securities markets, investment risk-return tradeoff, asset pricing models, and stock price behavior in relation to capital market efficiency hypotheses. Particular emphasis is placed on stocks, bonds, mutual funds and financial futures and options contracts. Special prominence will be given on the study of the operations of securities markets, investment policies, valuation of individual securities, and techniques of investing in securities. A large array of applications and case studies is used to support the practical side of the different topics of this course. At the minimum the course should include the following topics: the purpose and operations of security markets; investment instruments and their characteristics; introduction to portfolio and capital market theory; theory of valuation of stocks, bonds and the term structure of interest rates; options, commodity and financial futures, investment companies and mutual funds; and international investments.

Credit Hours : 3

Course Learning Outcomes

At the end of the course, students will be able to :

1. Demonstrate Proficiency In Computer Applications Relevant To Financial Analysis And Problem Solving.
2. Exhibit Ethical Awareness In Financial Decision-Making.
3. Interpret Financial Data And Information By Using Appropriate Methods And It Applications.
4. Possess A Good Knowledge Of Financial Markets, Instruments And Institutions From Both A Global And A Local Perspective.
5. Produce Professional Quality Reports On Financial Issues Will Use The Appropriate Technology To Deliver An Effective Group Presentation.
6. Use Appropriate Quantitative And Analytical Techniques To Identify A Financial Problem, Analyze And Compare Alternatives And Propose A Solution.

Applied Corporate Finance (FINC665)

This course aims to consolidate students’ understanding of the fundamental concepts and decision-making tools of modern corporate finance with significant emphasis on application. The course critically examines financial policies relating broadly to the appraisal of investment opportunities, the design of optimal capital structures, the implementation of appropriate dividend payout policy, and the valuation of start-ups, mergers and private equity buyouts. Throughout the course, students will be exposed to real-world applications of a wide range of finance tools to address common issues faced by corporate managers, investors, and entrepreneurs. Extensive and revealing cases will be used to help enhance students’ understanding.

Credit Hours : 3

Prerequisites

• FINC600

Corequisites

• MGMT666

Course Learning Outcomes

At the end of the course, students will be able to :

1. Evaluate the value maximization objectives of financial decision-making from organizational and ethical perspectives.
2. Appraise capital investment decisions by applying various analytical techniques to make informed investment decisions.
3. Design optimal capital structures and payout policies and evaluate their implications.
4. Apply different firm/business valuation techniques in real-world financial settings and under various scenarios.

Advanced Risk Management (FINC670)

Managers with financial responsibilities are expected to have a working knowledge of the principles and practices of pure and financial risk management. Financial reporting is now seen as less important than skill in financial decision making. The volatility in financial and commodity markets clearly shows that firms face risks. Financial risk management aims to analyze, control, and if necessary, reduce those risks to an acceptable level. This is an essential aspect of financial management and one increasingly sought by practitioners. The course focuses on the application of risk management to the issues and problems of financial theory. Topics will include risk exposures (pure and speculative), methods of risk handling, interest rate risk and gap analysis, linear and nonlinear products, capital risk and Basel II, the VaR measure of market risk, credit risk and probability of default measures, operational risk, model risk and liquidity risk, and currency risk. The course will build upon the analytical skills developed in Financial Management and Corporate Strategy.

Credit Hours : 3

Course Learning Outcomes

At the end of the course, students will be able to :

1. Demonstrate Proficiency In Computer Applications Relevant To Financial Risk Management And Problem Solving.
2. Explain The Role Of Derivatives In Financial Risk Management
3. Identify And Categorize The Various Financial Risks Facing Organizations, Especially Banks.
4. Use Quantitative Methods And Models To Assess Various Types Of Financial Risk.
5. Use Sophisticated Risk Management Tools And Techniques In Financial Markets And Institutions.

Entrepreneurial Finance (FINC675)

This course aims at providing students with a broad view of the financing landscape for start-ups and during the early stages of company development. Young firms face high degrees of uncertainty and their financing decisions are crucial as they may have implications for their future opportunities and choices. Throughout the course, we emphasize financial opportunities and decisions from both the perspective of entrepreneurs and VC/PE potential investors. Financing decisions and associated valuation tools and techniques are considered for the start-up, then the on-going company in operation to finally cover possible exit routes.

Credit Hours : 3

Prerequisites

• FINC600

Course Learning Outcomes

At the end of the course, students will be able to :

1. Appraise relevant financial statements and other firm financial information in the context of an entrepreneurial firm seeking funding.
2. Apply different methods to value entrepreneurial firms.
3. Compare possible sources of financing for an entrepreneurial firm including various types of private equity, debt financing and non-traditional sources.
4. Analyze the investment harvesting process and different exit strategies.

Islamic Finance & Financial Institutions (FINC680)

This course is designed to introduce students to the basic concepts of Islamic Finance and the functioning of Islamic financial institutions, applied locally and globally. Topics covered include Islamic banking, bonds (Sukuk), insurance (Takaful), and investment funds. After reviewing the basic concepts of economics from an Islamic perspective, the course introduces and analyzes the financial instruments and techniques developed and used by Islamic financial institutions in the process of collecting savings and making investments. This course also covers special topics such as the worldwide development of the Islamic finance industry, its challenges and opportunities and the regulation and governance of Islamic financial institutions.

Credit Hours : 3

Prerequisites

• FINC600

Course Learning Outcomes

At the end of the course, students will be able to :

1. Demonstrate comprehensive understanding of the Islamic finance theoretical framework.
2. Demonstrate awareness of the ethical issues associated with the financial services sector.
3. Design basic Islamic finance products
4. Assess the risk-return profiles of basic Islamic finance products.
5. Discuss the state of Islamic finance and its future directions.