Module Descriptors

Core modules

Financial Statement Analysis

The purpose of this module is to provide a clear understanding of how users of financial statements interpret accounting reports when making business decisions. The emphasis is on the valuation of debt and equity instruments. Coverage includes a broad discussion of measurement issues and is based on international accounting standards. Topics covered include earnings quality, ratio analysis, fundamental analysis, earnings management, EVA Analysis, forecasting and valuation.

Financial Markets and Institutions

This module provides a clear understanding of the operations of major financial markets, and the principles of modern investment management. It also provides a solid understanding of the theory and practice of modern banking.

Quantitative Methods for Finance

This module introduces students to quantitative techniques commonly used in analysing financial market data. It analyses criteria for guiding investment decisions, considers the measurement of asset risk and return and discusses statistical techniques of forecasting. Students learn simulation techniques and acquire necessary skills to analyse volatility in financial markets.

Electives (SET I): (one module for Dissertation route or two modules for Project route)

Corporate Finance

The purpose of this module is to develop a clear understanding of the fundamentals of corporate finance and their relationship with the theory and practice of corporate investments through the examination of real-life case studies and contemporary examples. The module discusses and compares investment appraisal techniques, and examines the relation of finance theory to corporate policy issues such as capital structure, debt policy, capital budgeting, dividend policy, and mergers and acquisitions.

International Finance

The purpose of this module is to provide contemporary insights needed to enhance students’ understanding of the global business environment from a corporate perspective. It emphasises the changes and emerging trends in global financial and forex markets affecting business decisions and considers how to manage them effectively with appropriate strategies. It also helps promote a critical awareness of the effects of domestic and international banking, finance, foreign investments, macroeconomic policy and institutions on financial markets and select macroeconomic indicators.

Islamic Finance (compulsory for Islamic Finance concentration)

The aim of this course is to introduce students to the concept of Islamic finance, Islamic banking and their products in retail banking, investment banking and project finance. Lectures are supported by case studies and relevant news of current activity by Islamic banks in the GCC region.

Concentration Modules (SET II): (Students must take two modules)

Capital Markets concentration:
Investment Management

This module focuses on imparting the skills and strategies needed to make the best investment decisions. Students will learn the various investment opportunities, techniques and methods to identify the right investment avenues for investors. It considers students as investors and provides them with information so that they take the right decisions on the four types of financial instruments (equity, bonds, options, and futures) including the risks and returns involved in the markets in which they trade.

Forecasting and Trading Strategies in Financial Markets

The aim of this module is to give students a practical understanding of statistical and judgmental techniques used by traders and analysts to make forecasts that relate to the demand for banking products, the performance of alternative investments, the volatility of prices, the probability of bankruptcy of a borrower, or short term movements in share prices or exchange rates. Each lecture is supported by a session in the computer lab using software packages for econometric forecasting and technical analysis.

Financial Risk Management

The purpose of this module is to provide a solid understanding of the financial risks faced by financial institutions and banks, as well as the techniques employed to study and quantify the associated exposure. It also aims at introducing students to principles and techniques commonly used in the management of financial risk.

Financial Risk Management concentration:
Risk, Regulation and Structured Products

The purpose of this module is to analyse the approaches to financial (market), credit and operational risk measurement and management for banks and financial institutions mainly in the context of Basel guidelines. It also discusses the pricing and valuation of some existing structured derivative products.

Financial Risk Management

The purpose of this module is to provide a solid understanding of the financial risks faced by financial institutions and banks, as well as the techniques employed to study and quantify the associated exposure. It also aims at introducing students to principles and techniques commonly used in the management of financial risk.

Credit Risk Management

The purpose of this module is to provide a solid understanding of the credit risks that a portfolio of credit assets is exposed to and the techniques employed to study and quantify that exposure.

Islamic Finance concentration:
Islamic Banking

The objective of this module is to develop an understanding of the mechanics of Islamic banking and the instruments and products available within the Islamic banking system. The module sets out with the concept of Islamic banking operations and the corresponding regulations. Students are then introduced to the various aspects of deposits, products and financing available within the system.  Examples of computations of various cost of funds and financing repayments are also presented. Finally, students are exposed to case studies, current issues, and journal articles (for example, issues of restructuring and rescheduling involving consumer financing and the various classifications as well as red flags of non-performing financing).

Islamic Law of Business Transactions

The aim of this module is to provide students with adequate knowledge in Islamic law of transactions. The module deals with the concept and importance of Islamic transactions or contracts; formation of contract under Islamic law; pillars of a contract and their conditions; factors which vitiate consent (such as duress, mistake, fraud and misrepresentation); rights of options (khiyar); and termination of contract. The module also covers prohibitions in Islamic transactions such as riba (usury), gharar (uncertainty), and maysir (gambling). Further, several main Islamic transactions and some current issues in Islamic law of transactions are also discussed.

Banking concentration:
Advanced Banking

This module focuses on developing a clear understanding of the global banking sector in light of emerging developments in the aftermath of the global economic meltdown. The crucial roles played by banks and financial institutions in economic development lay the foundation for understanding the ensuing topics. The role of international banking and financial institutions, central banks and development banks are also discussed in depth. Emerging trends in global banking such as internet banking and Islamic banking, and money-laundering-related issues, are discussed.

Credit Risk Management

The purpose of this module is to provide a solid understanding of the credit risks that a portfolio of credit assets is exposed to and the techniques employed to study and quantify that exposure.

Islamic Banking

The objective of this module is to develop an understanding of the mechanics of Islamic banking and the instruments and products available within the Islamic banking system. The module sets out with the concept of Islamic banking operations and the corresponding regulations. Students are then introduced to the various aspects of deposits, products and financing available within the system.  Examples of computations of various cost of funds and financing repayments are also presented. Finally, students are exposed to case studies, current issues, and journal articles (for example, issues of restructuring and rescheduling involving consumer financing and the various classifications as well as red flags of non-performing financing).

Dissertation

The aim of the dissertation is to give students an opportunity to focus in depth on one aspect of finance and banking, and to allow them to demonstrate their skills to their supervisors and to potential employers. Students are required to define clearly the research questions, discuss the rationale for such questions and the expected results, and describe the methodology and the data sources they are going to use. The aim of the class/tutorial meetings with students is to give students a clear understanding of the various methods of undertaking empirical research in finance. The classes/tutorials involve training in data collection, design of surveys and interviews, project writing and presentation skills.

The British University in Dubai

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