UG Management Sciences - bahria.edu.pk · 3 FIN619 Financial Derivatives 4 FIN648 International...

MANAGEMENTSCIENCES

The Department of Management Sciences offers a portfolio of programs at the undergraduate, graduate and post graduate levels, like: BBA, MBA, and M.Phil. And PhD. Our graduates enjoy a good employment rate in commerce and industry, which shows that employers repose confidence in their abilities. The Department is striving to become the best business school in the region.

Bachelors of Business Administration (BBA)Bachelor of Accounting & Finance BS (A&F)Bachelor of Economics BS (Economics)Bachelor of Economics & Finance BS (E&F)

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HSSC – II minimum or its equivalent 50% Marks A Level.

Department of Management Sciences

Available SpecializationsMarketing, Finance, HRM,MIS, SCM, Entrepreneurship

Programme TimingMorning

Campuses

Regular Programme Duration

Islamabad, Lahore, Karachi

4 Years8 Semesters

Entry Requirements

BU is ranked amongst the top universities of Pakistan and its management science department is accredited by the National Business Education and Accreditation Council (NBEAC). We promote academic excellence for grooming young minds with the prevailing and emerging business concepts and research. Renowned business academics, business executives and accomplished entrepreneurs from industries contribute to transform the young minds into business professionals at our state of the art purpose built campus.

Why choose BU for the stated Degree Program?

Objectives of the Degree Program

Learning outcome of the Degree Program

• To produce BBA graduates equipped with the business knowledge and skills.

• To arouse curiosity of young minds to know the business issues as business manager.

• To develop critical thinking on the business issues and for their pragmatic solutions.

• To expose the students to the changing business environment in Pakistan and abroad.

• To increase the pool of socially responsible Business executives in the society.

• BBA graduates will be able to execute the concepts of businesses at the work place.

• Graduates will be able to participate actively in the business development of firms.

• They will be able to become entrepreneur themselves or will be able to contribute to the realization of entrepreneurs’ business vision.

• Our graduates will be able to promote work ethics in business organizations.

• Graduates will be able to pursue higher degrees in the field of education and research in the national and international universities of repute.

Bachelors of Business Administration (BBA)

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Bachelors of Business Administration (BBA)Department of Management Sciences

ROAD MAPBBA

4 Years- 144 Credit Hours

Semester 1 Course Code Course Titles Credit

Hour

Course Code Course Titles Credit Hour

ENG 105 Functional English 3 MKT 110 Principles of Marketing 3 QTM 101 Business Mathematics – I 3 ECO 110 Microeconomics 3 MGT 111 Principles of Management 3 MIS 161 IT in Business (word, excel) 3

Semester 2

ENG 120 English Writing Skills 3 QTM 120 Business Mathematics II / Numeracy Skills 3 ENG 132 Oral Communication (Public Speaking) 3 ECO 121 Macroeconomics 3 QTM 110 Business Statistics 3 ACC 101 Principles of Accounting 3

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Bachelor of Business Administration (BBA)Department of Management Sciences


BCM 204 Business Communication 3 QTM 205 Statistical Inference and Quantitative

Research 3

ACC 102 Financial Accounting 3 ISL 201 Islamic Socio-Economic Studies 3 MKT 231 Marketing Management 3 MGT 242 Organizational Theory and Behavior 3

Semester 4

Semester 5

MGT 211 Self-Management 3 ACC 203 Cost Accounting 3 HSS 402 Sociology 3 FIN 201 Fundamentals of Finance 3 MGT 301 Business Law 3 SOC 350 Business Ethics 3

MGT 311 Career Exploring Management 3 RMT 621 Operations Research 3 HRM 353 Human Resource Management 3 FIN 202 Financial Management 3

Semester 3Course Code Course Titles Credit

Hour


ACC 304 Managerial Accounting 3 HSS 301 Social and Psychological Development 3

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Bachelor of Business Administration (BBA)Department of Management Sciences

MFS 460 E-Commerce 3 MGT 363 Entrepreneurship 3 OPM 360 Operation & Production Management 3 SCM 360 Supply Chain Management 3 ECO 362 Managerial Economics 3 DRI 300 Specialization-I 3 Internship

IRS 403 Theories of Globalization 3 RMT 240 Research Method & Techniques 3 MGT 404 Analysis of Pakistan Industries / Business 3 HSS 403 Pakistan and Geo-Political Studies 3 Specialization-II 3 Elective-I 3

MGT 463 Corporate Skills 3 MGT 487 Change Management 3 MIS 461 Advance Application of IT in Business 3 Specialization-III 3 Specialization-IV 3 Elective-II 3


Hour


Hour


Hour

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Campuses


Islamabad, Karachi

4 Years8 Semesters

Entry Requirements Objectives of the Degree Program


• The aim of the program is to give students an understanding of accounting and finance that will be useful throughout their career. We require students to master some techniques, and to understand their practical applications.

• Gain a focused understanding of finance and accounting functions in a business.

Inculcate practical decision-making skills based on financial and accounting frameworks.

• Provide a pathway to professional certifications (CA, ACCA and CFA).

• Develop a critical understanding of how Accounting and Finance operate in a range of different institutional settings.

• A holistic university experience with ample chances for personal development knowledge and conceptual understanding of the basic theoretical approaches and contemporary issues in financial accounting, management accounting and finance.

• Foster in students a critical and flexible approach to accounting and finance issues, within local and international context.

• Recognize and understand ethical issues related to the accounting profession.

• Prepare financial statements in accordance with Generally Accepted Accounting Principles.

• Employ critical thinking skills to analyze financial data as well as the effects of differing financial accounting methods on the financial statements.

• Effectively define the needs of the various users of accounting data and demonstrate the ability to communicate such data effectively, as well as the ability to provide knowledgeable recommendations.

• Recognize circumstances providing for increased exposure to fraud and define preventative internal control measures.

• Demonstrate an understanding of current auditing standards and acceptable practices, as well as the impact of audit risk on the engagement.

• Understand the audit process from the engagement planning stage through completion of the audit, as well as the rendering of an audit opinion via the various report options.

• Apply cost accounting methods to evaluate and project business performance.

• Demonstrate an understanding of the taxation of individual income.

• Apply appropriate judgment derived from knowledge of accounting theory, to financial analysis and decision making.

Bachelor of Accounting & Finance BS (A&F)Department of Management Sciences

Available SpecializationNone

ROAD MAPBS (ACCOUNTING & FINANCE)

4 years - 138 Credit Hours

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First Semester

Sr. No Course Code Course Title 1 ENG 103 English-I 2 QTM 101 Business Mathematics - I 3 ECO 110 Microeconomics 4 MKT 110 Principles of Marketing 5 ACC 101 Principles of Accounting 6 MGT111 Principles of Management

Second Semester

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Third Semester

Sr. No Course Code Course Title 1 PAK 101 Pakistan Studies 2 MIS210 Introduction to Information Technology 3 ACC203 Cost Accounting 4 FIN201 Introduction to Finance 5 BCM243 Business Communication 6 MGT242 Organizational Behavior

Sr. No Course Code Course Title 1 ISL 101 Islamic Studies 2 ENG 104 English-II 3 QTM 105 Introduction to Statistics 4 ECO 121 Macroeconomics 5 ACC 102 Financial Accounting 6 QTM 102 Business Mathematics -IT

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Fourth Semester Sr. No Course Code Course Title

1 MGT 301 Business Law 2 QTM204 Statistical inference 3 HRM353 Human Resource Management 4 ACC304 Managerial Accounting

5 ACC220 Principles of Taxation

6 FIN202 Financial Management Fifth Semester!

Sr. No Course Code Course Title 1 ACC400 Advanced Managerial Accounting 2 ACC 305 Financial Reporting-I 3 ACC 306 Principles of Auditing 4 BCM302 Presentation and Communication Skills 5 FIN 306 Financial Modeling 6 HSS-1

!Six Semester!

Sr. No Course Code Course Title 1 FIN 320 Financial Institution Management 2 FIN 308 Corporate Finance 3 MGT 508 Corporate Law 4 ACC320 Financial Reporting-II 5 HSS 6 HSS

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Seven Semester

Sr. No Course Code Course Title 1 ACC 410 Advanced Taxation 2 ACC412 Advanced Auditing 3 Elective-1 4 Elective-2 5 ECO 415 Econometrics

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!

!

First Semester

Sr. No Course Code Course Title 1 ENG 103 English-I 2 QTM 101 Business Mathematics - I 3 ECO 110 Microeconomics 4 MKT 110 Principles of Marketing 5 ACC 101 Principles of Accounting 6 MGT111 Principles of Management

Second Semester

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Third Semester

Sr. No Course Code Course Title 1 PAK 101 Pakistan Studies 2 MIS210 Introduction to Information Technology 3 ACC203 Cost Accounting 4 FIN201 Introduction to Finance 5 BCM243 Business Communication 6 MGT242 Organizational Behavior

Sr. No Course Code Course Title 1 ISL 101 Islamic Studies 2 ENG 104 English-II 3 QTM 105 Introduction to Statistics 4 ECO 121 Macroeconomics 5 ACC 102 Financial Accounting 6 QTM 102 Business Mathematics -IT

Eight Semester

Sr. No Course Code Course Title

1 PR0450 Project

2 Elective-3

3 Elective-4

4 Elective-S

5 Elective-6

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BS (Accounting & Finance)- Electives

Accounting Sr. No Course Code List of Accounting Electives

1 ACC623 Corporate Governance 2 ACC624 Accounting Information System with SAP 3 ACC625 Mercantile Law 4 ACC626 Advance IT 5 ACC627 Strategic Management Accounting and Control 6 ACC628 Tax Management and Optimization 7 ACC629 Actuarial Accounting 8 FIN621 Budgeting 9 ACC631 Merger and Acquisition Accounting

10 ACC607 Advance Financial Reporting 11 FIN 612 Analysis of Financial Management

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Fourth Semester Sr. No Course Code Course Title

1 MGT 301 Business Law 2 QTM204 Statistical inference 3 HRM353 Human Resource Management 4 ACC304 Managerial Accounting

5 ACC220 Principles of Taxation

6 FIN202 Financial Management Fifth Semester!

Sr. No Course Code Course Title 1 ACC400 Advanced Managerial Accounting 2 ACC 305 Financial Reporting-I 3 ACC 306 Principles of Auditing 4 BCM302 Presentation and Communication Skills 5 FIN 306 Financial Modeling 6 HSS-1

!Six Semester!

Sr. No Course Code Course Title 1 FIN 320 Financial Institution Management 2 FIN 308 Corporate Finance 3 MGT 508 Corporate Law 4 ACC320 Financial Reporting-II 5 HSS 6 HSS

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Seven Semester

Sr. No Course Code Course Title 1 ACC 410 Advanced Taxation 2 ACC412 Advanced Auditing 3 Elective-1 4 Elective-2 5 ECO 415 Econometrics

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Finance Sr. No Course Codes List of Finance Electives

1 FIN 646 Financial Econometrics 2 FIN647 Financial Restructuring 3 FIN619 Financial Derivatives 4 FIN648 International Finance 5 FIN649 Islamic Banking and Finance 6 FIN650 Analysis of Financial Time Series 7 FIN 651 Financial Information System 8 FIN613 Portfolio Analysis and Management 9 FIN 618 Treasury and Fund Management

10 FIN 661 Behavioral Finance 11 FIN 612 Analysis of Financial Management

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Banking Sr. No Course Code Institute of Bankers Pakistan

1 FIN 660 Branch and Branchless Banking 2 FIN 652 Lending-Products, operation and risk management 3 FIN 653 Finance of International trade 4 FIN 654 Marketing of Financial Services 5 FIN 655 Information technology in Financial Services 6 FIN 617 Investment Banking 7 FIN 615 Commercial Banking

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Why choose BU for the stated Degree Program?The Bachelors in Economics is addressed to all those who want to become future economists and professional in the field of economics. The program is designed for students who are keen to acquire critical knowledge and skills in areas related to economics and development. The important features of our program are:

• Quality education with diversified application under the umbrella of highly qualified Ph.D. faculty

• Prospects of future careers in Banking and Investment• Career opportunities at International Financial Institutions• Opportunities for corporate exposure• Research based projects• Application of specialized Econometric software• Bahria University Internship Program

Future Career ProspectsKnowledge and expertise in the field of economics can be helpful for careers in almost every industry. A bachelor's degree program provides graduates with a broad basis for understanding business and the national and international economies. Graduates can use this knowledge for careers in business, government, education, journalism economics corporations and international affairs, to name a few

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Bachelor of Economics BS (Economics)Department of Management Sciences


Campus


Islamabad

4 Years8 Semesters

Entry Requirements Objectives of the Degree Program


In order to meet the challenges of the competitive market, there is a need to bring diversity in the university graduate programs. It is thus advocated to announce BS Economics in the upcoming semester. The BS Economics program helps students to think logically and improve their ability to use economic and fiscal concepts to analyze “real world” problems and opportunities. This is a unique program that emphasizes qualitative and quantitative approach in dealing with economic and fiscal problems in both the public and private sectors.Bachelor in Economics program is designed to develop, qualified executives and educated workforce. It will explore theoretical concepts and share regional best practices using case studies. The professional deficiency in the services sector can consequently be covered by demonstrating the skills necessary to tackle problems within the complex world of international economics and development.

The key learning outcomes of the program are:• Recognize the rationale behind the growth and development of

modern world economy.• Develop an in-depth knowledge of the underlying principles of

economics and provision of inte rface between the knowledge and practice.

• Develop teamwork and experiential skills, research skills and ability to communicate effectively.

• Strategically train up ambassador learners to build knowledge, skills, competencies and experience as they get into the real world economy.

• Gain practical knowledge of the practice of economics through conducting real world case studies.

• Grasp adequate conceptual understanding for evaluating current research subsequently creating knowledge base in world economy.

• Critically realize awareness of current economic problems and new insights in countries progress and prosperity.

Available SpecializationNone

ROAD MAPBS (Economics)

First Semester

Second Semester

Third Semester

Codes Courses Level CHENG 105 English-I

Business Maths-1Microeconomics- IIT Skills

CoreCoreCoreSelf-grooming

Self-grooming

Intro to SociologyPrinciples of Management

333333

Core

Core

Core

CoreCore

333333

333333

QTM 101ECO 110MIS 161HSS 108MGT 111

ISL 101

SOC 240 Pakistan StudiesFinancial Institutions and MarketsMacroeconomics-IIIssues in Pakistan EconomyOral Communication and Public speaking SkillsStatistical Inference

ECO 201ECO 122ECO 202ENG 132

Islamic StudiesQTM 105QTM 120ECO 121ECO 111 Microeconomics-II

Macroeconomics-INumeracy SkillsIntroduction to Statistics

HSS 107 Introduction to Phycology

QTM 232

4 years 133 Credit Hours

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Codes Courses Level CH


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Fourth Semester

ECO 301 Fundamentals of EconometricsIssues in Pakistan EconomyBusiness Taxation and Public FinanceResearch Methods & TechniquesDevelopment EconomicsBusiness Communication Skills

333333

ECO 302ECO 304RMT 240 Core

Self-groomingECO 340ENG 243

Fifth Semester

ECO 306 International Economics & FinanceMoney and BankingNatural Recourse EconomicsCareer ExploringMonetary Theory & Policy

33333

ECO 307ECO 308MGT 311 Self-groomingECO 309

Sixth Semester

ECO 362 Managerial EconomicsSocial and Psychological DevelopmentFinancial EconomicsBanking and TaxationMoney and Capital Markets

33333

HSS 301ECO 401ECO 501 Self-groomingECO 404

Seven Semester

ECO 402 Project AnalysisTrade PolicySelf-Management Self-Management

333

ECO 403MGT 211

Elective 1Elective-2

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List of Electives

Codes Title of the Course Credit Hours CHECO 502 Industrial Economics

Budgeting and Financial PlanningAdvanced Topics in MicroeconomicsAdvanced Topics in MacroeconomicsPoverty & Income DistributionInternational Economics

ECO 503ECO 504ECO 505ECO 506ECO 507ECO 508 Labor Economics

Investment Banking & Security AnalysisIslamic EconomicsUrban EconomicsGeneral Equilibrium and Welfare Economics

ECO 509ECO 510ECO 511ECO 512ECO 513 Economics of Regulation and Competition Policy

International Peace and SecurityUnion and Labor LawsAgricultural Economics and Food Policy

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ECO 514ECO 515ECO 516

Eight Semester

PRO 450 ProjectCorporate SkillsElective-3Elective-4Elective-5

33333

MGT 463 Self-grooming


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COURSE DESCRIPTION

Semester 1Functional EnglishENG 105Prerequisite: NoneThis course introduces students to the fundamentals of English language in the world of business. It has been designed to propel students to develop their basic linguistic skills through appreciation of English grammar and composition. This would help the students to participate confidently and constructively in interactions with others by using language clearly and effectively to achieve purposes and convey meanings. The course is instrumental not only in helping the students to further their studies in other disciplines of management sciences but also provides opportunities for the cognitive development of undergraduate students.

Principles of MarketingMKT 110 Prerequisite: NonePrinciples of Marketing is a core marketing course which introduces the broad principles involved in the marketing function. It provides an overview of all the marketing activities involved in the provision of products and services to consumers and business customers. This course deals with a study of the marketing concepts, purpose, relationships, problems, opportunities and outcomes within the framework of the company, and in competitive, political, legal, economic, social and global environments. The course is a study of the elements in the marketing mix, including product planning, pricing, channel and logistics of dispersion, and promotion. The main topics include the role and impact of marketing, consumer behavior, segmentation, positioning, pricing, promotion and marketing planning. This introductory course is essential as a building block for all subsequent courses in marketing.

Business Mathematics-IQTM 101Prerequisite: NoneThis course enables students of business administration to learn basic algebra, linear equations, simultaneous equations, matrix

algebra and nonlinear equations and their application in business, economics and finance. The course is designed to solve optimization issues, analyze break-even point. The course also includes tools of Financial Mathematics which enable students to learn financial decision making in terms of annuities, bonds, stocks, amortization, and risk-returns models. This way the course enhances analytical abilities of the students in the courses of finance, economics, accountancy, marketing and other related courses.

MicroeconomicsECO 110 Prerequisite: NoneThis is the first level course in the area of economics for managers. Microeconomics is the study of individual economic units and their rational behavior regarding optimal decision making in real life. The students in this course learn the concepts of optimal resource allocation as consumers, producers and managers of businesses. The students also learn pricing policy of the firms under various market situations of perfect and imperfect competition. Economic decision-making in the event of various government policies and government regulations regarding taxation and externalities is the special focus of this course on the application side.

Principles of ManagementMGT 111 Prerequisite: NoneThe course is designed to provide students an overview of the management function and its role in organizations. The course is intended at highlighting the theoretical aspects of management and then translating these concepts into practical frameworks. Major focus would be on making students comprehend the functional areas such as planning, organizing, leading and controlling. Course also emphasis on the development of skills and knowledge needed to successfully manage an organization.

IT in BusinessMIS 161Prerequisite: NoneThis course covers topics ranging from basic understanding of a computer system to its applications in the vast field of business and management sciences. The concept of E-Commerce is becoming a reality and more businesses today than ever have a presence on the internet. Computer networks, databases internet and communication technologies all are part of information technology. This is an introductory course on Information Technology in Business. It includes the introduction to the terminologies related to Information Technology. The basic hardware and software components employed and how the internet, intranet and the World Wide Web are useful in business. The students will also be given the idea of files, databases, Management Information Systems and E-Commerce. This course also provides an overview of business document formatting, and current software packages in word processing, spreadsheets, databases and web designing tools.

Semester 2English Writing SkillsENG 120Prerequisite: ENG 105 In this course students are provided the opportunities to further improve their linguistic skills. This process of enhanced learning enables students to cope with more complex structures in situations demanding communication of intricate/ complex ideas. While focusing upon the functional aspect of language, the students will be trained to have communicative competence, creativity and critical skills. This will enhance their ability to communicate clearly, accurately and effectively in the business environment.

Mathematics II/Numeracy SkillsQTM 120Prerequisite: QTM 101The students will be exposed to different mathematical tools from algebra, linear programing and calculus that are commonly used in business application. it emphasizes building mathematical modules for management decision problems, solving management problems

using spread sheets tools & interpreting the solutions. Besides working with systems of linear equations and inequalities, it also causes functions, graphing, derivatives, solving problems & probability concepts.

Oral Communication / Public Speaking ENG 132Prerequisite: NoneThis course is designed as an introduction to the study of the human communication process with an emphasis on effective public communication. The course includes intensive practices in public speaking, reasoning, critical thinking and listening. The main purpose of the effective oral communication component of the core curriculum at Bahria University is to hone the speaking and presentation skills of every student.

MacroeconomicsECO 121 Prerequisite: ECO 110This course relates to that part of theoretical economics which deals with the economic variables at aggregate level. The students study economy at the aggregate level. Main topics include national income accounts, economic growth, macroeconomic policies, open economy, the role of exchange rate, models related to trade, inflation, unemployment and policies related to these important macroeconomic issues. Although the theoretical knowledge related to established controversies in economics is shared with the students but main focus of the course is on practical application of macroeconomic principles in developing economies with special focus on the Pakistani data obtained from Economic Survey of Pakistan, websites of State Bank of Pakistan and Federal Bureau of Statistics. The instructor is expected to give relatively more examples related to the macroeconomic issues of the Economy of Pakistan.

Business StatisticsQTM 110Prerequisite: NoneThe focus of this course is on the application of statistics in business situations. It introduces the fundamental concepts

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Bachelor of Business AdministrationDepartment of Management Sciences

Functional EnglishENG 105Prerequisite: NoneThis course introduces students to the fundamentals of English language in the world of business. It has been designed to propel students to develop their basic linguistic skills through appreciation of English grammar and composition. This would help the students to participate confidently and constructively in interactions with others by using language clearly and effectively to achieve purposes and convey meanings. The course is instrumental not only in helping the students to further their studies in other disciplines of management sciences but also provides opportunities for the cognitive development of undergraduate students.













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and techniques of descriptive statistics, probability, and their application to business situations. Regression and time series analysis are also studied in detail and their applications are highlighted. Computer based statistical package will be used in the teaching of this subject

Principles of Accounting ACC 101Prerequisite: NoneThe purpose of the course is to orient the students to accounting as a management information system. The course is designed at intermediate level in accounting having studied principles of accounting and understands the basic accounting mechanism- accounting cycle. Principles of Accounting covers basic accounting procedures for both service and merchandising businesses; special journals and ledgers; adjusting, closing, and reversing entries; income measurement; financial statements; and internal control for sole proprietorships.

Semester 3Business CommunicationBCM 204Prerequisite: ENG 105This course has been designed to hone the oral communication skills of the students. It therefore focuses on the study and practice of conversational English with emphasis on processes by which ideas are interchanged orally from one person to another or to a group. The course consists of regular classroom presentations, formal speaking sessions and discussions on issues of individual/collective interests. Students will make several prepared as well as impromptu oral presentations/speeches to develop their speaking ability. They will be propelled to gather, evaluate, organize, and articulate information in an interactive and meaningful manner. They will consequently be able to refine their oral interpretation and persuasive speaking skills.

Statistical Inference and Quantitative ResearchQTM 205Prerequisite: QTM 110This course is designed to introduce concepts and techniques which

are extensively used in public and private business decision making. The statistical techniques covered in this introductory course are used in functional areas of accounting, finance, marketing, economics and human resource management. The course emphasizes on application of real data, active learning, quantitative literacy, statistical thinking and the use of statistical software where needed. Students are introduced the power of descriptive statistical methods, probability, and the decision making process in applied business management. Major topics included in the course are probabilities under various conditions, random variables, decision making, normal distribution, sampling and distribution-operational consideration in sampling distribution, point estimates, interval estimates, confidence level and Intervals, t-distribution, testing hypo-theses-different models and techniques, ANOVA and different rank tests.

Financial AccountingACC 102Prerequisite: ACC 101This course is a continuation of Principles of Accounting. It explores more deeply the accounting principles of single entrepreneurship, partnership and corporation and conventions related to financial statements’ preparation. Put together these two courses would ensure that students fully understand all the activities leading to preparation of financial statements including cash flow statement and the characteristics of financial statement components.

Islamic Socio-Economic StudiesISL 201Prerequisite: NoneIn this course, students will gain an appreciation of the magnitude and impact of Islamic Finance; an overview of common Islamic financial instruments and their linkages to various business functions and processes; relevant legal (western and Islamic jurisprudence), regulatory and disclosure standards. The course will cover Islamic finance concepts such as,Murabaha, Musharaka, Istisna, Sukuk (Islamic Bond), Dow Jones Islamic Bond Index and so on. Thus, this course aims to equip financial and business professionals with sensitivity and competence in relation to Shariah (Islamic Law) compliant







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financial products. A salient aspect of the course will be the actual structuring of a standard financial transaction as an Islamic finance transaction to meet the needs of the liquidity rich global principals. The course accordingly is concerned with both theory and practice: the theory serves to sharpen analytical skills, and the practice will give experience in the application of the principles and techniques to real world business problems.

Marketing Management MKT 231Prerequisite: MKT 110Marketing Management is the second core course in marketing and deals with the application of principles studied in the earlier semester. The course is designed to familiarize the students with the methods, processes, practices and impact of the actions and strategies that are developed based on the known and accepted principles of marketing. It helps the students in developing their analytical, decision making and problem solving skills and applying these to the “real world” marketing situations.

Organizational Theory and BehaviorMGT 242Prerequisite: MKT 111This course provides an overview of the fundamental theories and principles of organizational behavior and illustrate how these theories are translated into practice within organizations. It will demonstrate the importance of understanding behavior at the individual, the group, and the organizational levels when managing organizations. An integral part of this course is to develop student’s leadership and interpersonal skills through experiential exercises and discussion and to provide students with an opportunity to evaluate their own experiences, preferences, strengths, and weaknesses, and how these may impact their ability to become effective members of organizations.

Semester 4Self-ManagementMGT 211Prerequisite: NoneThe Self-Management course is a holistic approach to living a

successful and composed life. Self-management is a broad term but encompasses some quite complex skills and understandings that only come with guidance, training, opportunity and experience. Self-management, as defined by Deakin University Australia, is independent learning, working and taking responsibility for personal actions. Self-management is the act of managing the resources you have under your personal control: your personality, time, image and networks.Professional management in management sciences falls under the purview of Self-Management. From graduation until the time students begin to manage projects, teams, and companies, they manage themselves. Those who master the art of self-management are those who rise quickest to management positions.

Cost Accounting ACC 203Prerequisite: ACC 102This course explores principles and methods of accounting for materials, direct labor, and the distribution of overhead expenses, cost records, operating reports, and budgetary control. Topics include job-order costing, process costing, by-product and joint-product costing, activity-based costing, just in time, and cost of quality. The purpose of this course is to acquaint the students with basic concept of cost accounting, which enable them to use the accounting information system in an industrial and business environment. The course includes basic cost accounting cycle, cost classification and Cost accumulation procedures. Sociology HSS 402Prerequisite: NoneSociology is the systematic study of human behavior in social set up. It is a basic course of sociology for the students of BBA that can help to improve their inter-personal and analytical skills. It focuses upon the relationship between human beings as part of society and physical and social environment. Under Macro-Sociology; it studies culture and its role in shaping attitude and perception In Micro-Sociology; it focuses upon

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the socialization of individual right from the infancy through childhood and youth. The scope of sociology is ever expanding phenomena, and with time the scope of the importance of the subject in the field of social sciences is widely recognized.

Fundamental of FinanceFIN 201Prerequisite: ACC 102Fundamentals of finance aim to prepare the students for more advanced undergraduate courses in finance or for careers in which financial knowledge is important. The course introduces the students to basic finance concepts i.e. the saving-investment process, Financial intermediation by bank and non-bank finance intermediaries, financial markets and instruments, as well as the financial problems faced by business concerns and ways to solve them. The course will introduce the students to the basic concepts including time-value of money, financial implications of different legal forms of business, ratio analysis, risk return relationship, cost of capital and basics of capital budgeting.

Business LawMGT 301Prerequisite: NoneThe course is designed to familiarize students with the principle laws regulating business. This will enable the students to interpret various legal provisions regulating business. This course will equip the students’ knowledge of minimum legal framework required for starting a business venture and running it successfully in conformity with the legal parameters.

Business EthicsSOC 350Prerequisite: NoneThe focal themes of this course are ethical theories and their application on business practices. This is an insightful, comprehensive and groundbreaking course which presents a kaleidoscopic analysis of moral theories from Platonic and Aristotelian theories to liberal ethics, Enlightenment ethics, and modernist ethics to postmodernist ethics. It opens diverse vistas of critical and analytical approaches to multifaceted ethical problems in business. The students will be inculcated with the

ethical discourses and their practice in the areas of management, finance, economics, marketing, society and information technology and electronic and print media. This course aims to produce ethical managers and executives with sound in-depth knowledge and ability to critically analyze the various aspects of business from ethical perspectives and take decisions that are morally and strategically beneficial for business organizations, consumers and society.

Semester 5Career Exploring ManagementMGT 311Prerequisite: NoneCareer planning today is vital to determine a course of action for students pursuing a professional degree program especially in an economy like Pakistan where socio-economic, socio-political, and work life balance can land you, in the choice of a career which goes against your personality and ends up in a lifelong dilemma on the work front, domestic front and the social front. Developing effective career plans therefore equips students and employees alike, with protective tools to help face the socio-psychological pressures.Students in this course will re-examine their current career path and chose a program of study that matches their personal characteristics and competencies. Considering this newly acquired knowledge they will identify and research their “best-fit” career prospects and then determine a future career direction.

Operations ResearchRMT 621Prerequisite: QTM 120This course aims to meet the requirement of many managerial decisions regardless of their departmental orientation by using quantitative models from the discipline of management science. Management sciences tools, techniques and concepts such as data, models and computer systems have dramatically changed the way business operates in manufacturing, service operations, marketing, and finance. In particular, focus is on various ways of modeling and thinking structurally about







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decision regarding management related problems in order to enhance the students’ decision-making skills.

Human Resource ManagementHRM 353Prerequisite: MGT 242The Human Resource Management (HRM) course focuses on importance of human capital in modern business. It highlights proactive and productive use of human capital for attainment of organization's strategic objectives. It emphasizes professional approach to maximize return on investment through development of visionary policies to attract, train and retain human capital, determine compensations performance evaluation.

Financial ManagementFIN 202Prerequisite: FIN 201Students will learn the theory of financial management and how to apply it to financial decisions in the world of large and small businesses. In addition, the course is eminently relevant for application to personal decisions in real life. Although most of the descriptive material necessary for the study of financial management will be discussed, more emphasis will be placed on the analytical and quantitative methods developed in recent years.The topics include evaluation of alternative sources of funds, asset management, analysis of capital structure, funds flow analysis, forecasting, financial planning and control, and working capital management.

Research Methods and TechniquesRMT 240 Prerequisite: QTM 204This course develops an understanding of the importance of research in Management Sciences. It provides training and insight in an organized process for conducting inquiry into the issues related to business, economics, management, finance, marketing and leadership. This course provides students with the knowledge and skills which they need to solve complex problems and help them in effective decision making, irrespective of the nature of their area of special interest in the field of management sciences. The focus of the course at our institution is on 'doing' rather than 'reading'

research methods. In every lecture, class participation is required in terms of their progress made in the topics of their interest. The instructor builds critical and analytical skills in the students and enables them to produce publishable research paper or at least sound research proposal of 20-30 pages.

Managerial AccountingACC 304Prerequisite: ACC 203Managerial accounting is related with the application of accounting principles and methodologies to business decision problems. In this course students will increase their understanding of accounting and learn a variety of techniques that will allow them to solve business problems relating to costs, prices, revenues, profits, financial planning and competitive strategies.

Social & Psychological DevelopmentHSS 301Prerequisite: NoneThe objective of the course is to give students experience in thinking psychologically about individual and social behavior. The students will learn about the researches related to group development and dynamics. The historical and theoretical foundations of professional and social psychology are also explored.

Semester 6E- Commerce MIS 460Prerequisite: NoneThe major focus of this course is to enhance the student with modern e-marketing practices & procedures that can benefit the organizations of today to retain competitiveness in today’s dynamic business environment. This course specifically highlights the inter & intra firm issues related to electronic commerce comprising of e-business technology basics, B2B & B2C e-commerce, electronic payment mechanisms, online security and sources of competitive advantage. It also emphasizes the role of social media marketing platforms for connecting with and providing customer value. The role of

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social networks & online communities (such as Facebook, Twitter, LinkedIn, YouTube, Instagram) will also be analyzed through a mix of lectures, group discussions, case studies & guest speakers.

Entrepreneurship MGT 363Prerequisite: NoneEntrepreneurship is a core course that is designed to help the students get a holistic view of the application of theories and practices of Marketing, Finance and HR in the operation of a new business. Entrepreneurship course is developed to provide a comprehensive knowledge to students about the processes and tools which will enable them to start their own ventures keeping in mind risks and rewards. This course will familiarize the students with the concepts of starting and operating a new business. The course has been designed to instruct students on how to plan, formulate, and implement strategies for a new venture through detailed descriptions on how to embark on a new venture in a logical manner.

Operation & Production Management OPM 360Prerequisite: MGT 111This course introduces major themes and strategies of Operations and Production Management within both manufacturing and service organizations. The primary objective is to familiarize students with the basic concepts, techniques, methods, and applications of operations management. Topics include operations strategy, process choice, capacity management, quality management, inventory management, supply chain management, and new product & process development. Latest manufacturing philosophies, such as World Class Manufacturing (WCM), lean manufac-turing, mass customization and agile manufacturing are also discussed.

Supply Chain managementSCM 360Prerequisite: NoneA major theme of this introductory course is to study various aspects of supply chain, its objectives, decision phases, strategies and designs, planning, forecasting, operation processes, cycle view,

push/pull view, macro processes, performance achievement, strategy into action (SIA), must win battles, coordination internally & externally, uninterrupted supplies, warehousing and transportations, profit improvement plans and finally a cost effective business.

Managerial EconomicsECO 362Prerequisite: ECO 121Managerial Economics can be termed as business economics. The course coverage extends from the employment of concepts of management, marketing, finance and more of economics to the application of mathematical and statistical tools in business. It is application of economic theory and methodology to managerial decision making problems within various organizational settings such as a firm or a government agency. The emphasis of the course is on demand analysis and estimation of demand and supply relationships, role of elasticity in decision making related to business activities, production and cost analysis under different market conditions, forecasting and decision making under uncertainty. Students taking this course have already studied principles of microeconomics and principles of macroeconomics and they are comfortable with basic algebra and statistical tools. Some knowledge of calculus would also be helpful although not necessary.

Semester 7Theories of Globalization IRS 403Prerequisite: NoneStudents are introduced to the phenomenon of globalization and its various components; the flow of people, money, goods and ideas across national boundaries; contending theories about globalization; the historical study of globalization; the impact of globalization on the developed and developing societies; local and national responses to globalization.







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Research Methods & Techniques RMT 240Prerequisite: QTM 205This course develops an understanding of the importance of research in Management Sciences. It provides training and insight in an organized process for conducting inquiry into the issues related to business, economics, management, finance, marketing and leadership. This course provides students with the knowledge and skills which they need to solve complex problems and help them in effective decision making, irrespective of the nature of their area of special interest in the field of management sciences. The focus of the course at our institution is on 'doing' rather than 'reading' research methods. In every lecture, class participation is required in terms of their progress made in the topics of their interest. The instructor builds critical and analytical skills in the students and enables them to produce publishable research paper or at least sound research proposal of 20-30 pages.

Analysis of Pakistan Industries/ Business MGT 404Prerequisite: NoneThis discusses the economic environment and competitive forces and its effect on the strategic decisions making in business and industry. It explores the state of various industries and businesses in Pakistan and explore the participant to general industrial and business environment of country.

Pakistan and Geo Political studiesHSS 403Prerequisite: NoneThis course aims to introduce students to the history of the region comprising Pakistan and its neighboring countries, providing an overview of contending perspectives on the origins of the Pakistan, and examine its politics, society and culture. Furthermore, it looks at some contemporary developmental problems facing the country and surveys the current geopolitical issues South Asia has to confront and the role of Pakistan as a regional participant and its contribution to various global challenges (nuclear proliferation, economic globalization, environmental and strategic resources issues, world migration and global civil society).

Semester 8Corporate SkillsMGT 463Prerequisite: NoneCorporate skills are a part of the curriculum embedded Student Grooming Program aimed at developing employability skills amongst graduating students. The program includes a wide range of skills ranging from Business Culture to Business Email etiquettes to negotiation and team development. Regarded as significant as educational qualifications and experience, these skills help graduates to adapt to the organizational culture and work in sync with people from different backgrounds. Corporate skills are not industry specific and are integral to the professional success of every individual irrespective of his/her field of work. It also includes soft skills that are integral to the professional success of individuals, and life skills that help people learn how to bring in harmony within one's own self and move, work, and manage people with different backgrounds.

Change ManagementMGT 487 Prerequisite: MGT 111This course explores how the challenge of change in organizations can be managed effectively. The basic premise of the course is that. Change is often precipitated by external drivers such as technological innovation, industry consolidation, new political priorities and persistent performance problems. Also, a systematic change approach is discussed to seek the best way to gather, analyze and evaluate necessary information for effective change management schemes. Change Management case analysis, presentations and discussions are an important parts of the course.

Advance Application of IT in Business MIS 461Prerequisite: NoneThe course Advance Application of IT is designed as a follow-up course to IT in Business. This course builds on the students’ knowledge of word processing and spreadsheets. Students will be introduced to Access, an information systems

Functional EnglishENG 105Prerequisite: NoneThis course introduces students to the fundamentals of Englishlanguage in the world of business. It has been designed to propelstudents to develop their basic linguistic skills through appreciationof English grammar and composition. This would help the studentsto participate confidently and constructively in interactions withothers by using language clearly and effectively to achieve purposesand convey meanings. The course is instrumental not only in helpingthe students to further their studies in other disciplines ofmanagement sciences but also provides opportunities for thecognitive development of undergraduate students.

Principles of MarketingMKT 110Prerequisite: NonePrinciples of Marketing is a core marketing course which introducesthe broad principles involved in the marketing function. It providesan overview of all the marketing activities involved in the provisionof products and services to consumers and business customers.This course deals with a study of the marketing concepts, purpose,relationships, problems, opportunities and outcomes within theframework of the company, and in competitive, political, legal,economic, social and global environments. The course is a study ofthe elements in the marketing mix, including product planning,pricing, channel and logistics of dispersion, and promotion. Themain topics include the role and impact of marketing, consumerbehavior, segmentation, positioning, pricing, promotion andmarketing planning. This introductory course is essential as abuilding block for all subsequent courses in marketing.

Business Mathematics-IQTM 101Prerequisite: NoneThis course enables students of business administration to learnbasic algebra, linear equations, simultaneous equations, matrix

algebra and nonlinear equations and their application inbusiness, economics and finance. The course is designed tosolve optimization issues, analyze break-even point. Thecourse also includes tools of Financial Mathematics whichenable students to learn financial decision making in terms ofannuities, bonds, stocks, amortization, and risk-returns models.This way the course enhances analytical abilities of thestudents in the courses of finance, economics, accountancy,marketing and other related courses.

MicroeconomicsECO 110Prerequisite: NoneThis is the first level course in the area of economics formanagers. Microeconomics is the study of individual economicunits and their rational behavior regarding optimal decisionmaking in real life. The students in this course learn theconcepts of optimal resource allocation as consumers,producers and managers of businesses. The students also learnpricing policy of the firms under various market situations ofperfect and imperfect competition. Economic decision-makingin the event of various government policies and governmentregulations regarding taxation and externalities is the specialfocus of this course on the application side.

Principles of ManagementMGT 111Prerequisite: NoneThe course is designed to provide students an overview of themanagement function and its role in organizations. The courseis intended at highlighting the theoretical aspects ofmanagement and then translating these concepts into practicalframeworks. Major focus would be on making studentscomprehend the functional areas such as planning, organizing,leading and controlling. Course also emphasis on thedevelopment of skills and knowledge needed to successfullymanage an organization.

IT in BusinessMIS 161Prerequisite: NoneThis course covers topics ranging from basic understanding of acomputer system to its applications in the vast field of business andmanagement sciences. The concept of E-Commerce is becoming areality and more businesses today than ever have a presence onthe internet. Computer networks, databases internet andcommunication technologies all are part of informationtechnology. This is an introductory course on InformationTechnology in Business. It includes the introduction to theterminologies related to Information Technology. The basichardware and software components employed and how theinternet, intranet and the World Wide Web are useful in business.The students will also be given the idea of files, databases,Management Information Systems and E-Commerce. This coursealso provides an overview of business document formatting, andcurrent software packages in word processing, spreadsheets,databases and web designing tools.

Semester 2English Writing SkillsENG 120Prerequisite: ENG 105In this course students are provided the opportunities to furtherimprove their linguistic skills. This process of enhanced learningenables students to cope with more complex structures insituations demanding communication of intricate/ complex ideas.While focusing upon the functional aspect of language, thestudents will be trained to have communicative competence,creativity and critical skills. This will enhance their ability tocommunicate clearly, accurately and effectively in the businessenvironment.

Mathematics II/Numeracy SkillsQTM 120Prerequisite: QTM 101The students will be exposed to different mathematical tools fromalgebra, linear programing and calculus that are commonly used inbusiness application. it emphasizes building mathematical modulesfor management decision problems, solving management problems

using spread sheets tools & interpreting the solutions. Besidesworking with systems of linear equations and inequalities, italso causes functions, graphing, derivatives, solving problems& probability concepts.

Oral Communication / Public SpeakingENG 132Prerequisite: NoneThis course is designed as an introduction to the study of thehuman communication process with an emphasis on effectivepublic communication. The course includes intensive practicesin public speaking, reasoning, critical thinking and listening.The main purpose of the effective oral communicationcomponent of the core curriculum at Bahria University is tohone the speaking and presentation skills of every student.

MacroeconomicsECO 121Prerequisite: ECO 110This course relates to that part of theoretical economics whichdeals with the economic variables at aggregate level. Thestudents study economy at the aggregate level. Main topicsinclude national income accounts, economic growth,macroeconomic policies, open economy, the role of exchangerate, models related to trade, inflation, unemployment andpolicies related to these important macroeconomic issues.Although the theoretical knowledge related to establishedcontroversies in economics is shared with the students butmain focus of the course is on practical application ofmacroeconomic principles in developing economies withspecial focus on the Pakistani data obtained from EconomicSurvey of Pakistan, websites of State Bank of Pakistan andFederal Bureau of Statistics. The instructor is expected to giverelatively more examples related to the macroeconomic issuesof the Economy of Pakistan.

Business StatisticsQTM 110Prerequisite: NoneThe focus of this course is on the application of statistics inbusiness situations. It introduces the fundamental concepts

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software program. Students will learn many types of current software.Specialization I to IVIn BBA program, students are offered specialization in six areas namely:

a. Human Resource Management at all Campusesb. Finance at both Campusesc. Marketing at both Campusesd. Management Information System at Karachi Campus

onlye. Supply chain Management/

Students must study a total of 6 electives (of 3 credithours each) in the BBA program. Out of the 6 electives, aminimum of 4 (12 credit hours) must pertain to their areaof specialization.

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Department of Management SciencesBachelors of Economics & Finance

ROAD MAPBS (ECONOMICS & FINANCE)

Semester-1

Semester-2

Sr.No. Pre-requisite course code

Course Code Course Title Credit Hours Theory Practical

1 ENG 105 Functional English 3 Yes -

2 QTM 101

Business Math (for Economists) 3 Yes -

3 ECO 110 Microeconomics- I 3 Yes - 4 MIS 161 IT Skills (Word, Excel) 3 Yes - 5 HSS 108 Introduction to Sociology 3 Yes -

6 MGT 111

Principles of Management 3 Yes -

Total Credit Hours in Semester-1 18



1 ISL 101 Islamic Studies 3 Yes -

2 QTM 105

Introduction to Statistics 3 Yes -

3 QTM 120 Numeracy Skills 3 Yes

-

4 ECO 121 Macroeconomics-I 3 Yes - 5 ECO 110 ECO 111 Microeconomics-II 3 Yes - 6 FIN107 Financial Accounting 3 Yes -


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Bachelors of Economics & FinanceDepartment of Management Sciences

Semester-4



1 FIN 315 Fundamentals of

Econometrics 3 Yes -

2 ECO 311 Economics of

Entrepreneurs 3 Yes -

3 ECO 304 Business Taxation and

Public Finance 3 Yes -

4 RMT 240

Research Methods & Techniques 3 Yes

-

5 FIN 201 Fundamentals of Finance 3 Yes -

6 BCM 304

Business Communication Skills 3 Yes

-


Semester-3

Sr.No.

Course Code Course Title

Credit Hours Theory

Practical

1 PAK 101 Pakistan Studies 3 Yes -

2 ECO 203 Digitalization of Economy and Artificial Intelligence 3 Yes

-

3 ECO 121 ECO 122 Macroeconomics-II 3 Yes - 4 ECO 123 Issues in Pakistan’s Economy 3 Yes -

5 ENG 105 ENG 105 Oral Communication (Public Speaking Skills) 3 Yes

-

6 QTM 101 QTM 204 Statistical Inference 3 Yes - Total Credit Hours in Semester-3 18

Pre-requisite course code

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Semester-5

Semester-6



1 ECO 384

Financial Management 3 Yes -

2 FIN 315 FIN 316 Financial Econometrics and

Modeling 3 Yes -

3 ECO 362 Managerial Economics 3 Yes -

4 MGT 311

Career Exploring Management 3 Yes

-

5 ECO 317 Monetary Theory & Policy 3 Yes - Total Credit Hours in Semester-5 15



1 ECO 320

Resource and Environmental Economics 3 Yes -

2 HSS 301 Social and Psychological

Development 3 Yes -

3 FIN 321 Finance of Emerging

Markets 3 Yes -

4 FIN 322 Money and Banking 3 Yes - 5 FIN 323 Financial Markets 3 Yes -


Semester-7

Semester-8

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1 RMT 240 MGT 401

Project Management and Evaluation 3 Yes -

2 MGT 402

Self-Management 3 Yes

-

3 Elective-1 3 Yes - 4 Elective-2 3 Yes - 5 Elective-3 3 Yes - 6 Elective-4 3 Yes -




1 MGT 403 Corporate Skills

3 Yes -

2 Elective-5 3 Yes - 3 Elective-6 3 Yes -

4 RMT 240 MGT 401

SDW 404

Project / Thesis 6 Yes

Yes


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List of Elective CoursesS. No Course Code Previous Courses CH

1. ECO 502 Industrial Economics 3

2. ECO 503 Budgeting and Financial Planning 3

3. ECO 504 Advanced Topics in Microeconomics 3

4. ECO 505 Advanced Topics in Macroeconomics 3

5. DST 506 Poverty & Income Distribution 3

6. HSS 507 International Economics 3

7. ECO 508 Labor Economics 3

8. FIN 509 Investment Banking & Security Analysis 3

9. ECO 510 Islamic Economics 3

10. ECO 511 Urban Economics 3

11. ECO 512 Regulation and Competition Policy 3

12. ECO 517 Economics and International Peace 3

13. HSS 514 Union and Labor Laws 3

14. ECO 516 Agriculture Economics and Food Security 3

15. ECO 517 Economic Perspective and Public Policy 3

16. MGT 512 Corporate Law and Governance 3

17. ECO 518 Financial Risk Management 3

18. FIN 516 Introduction to Microfinance 3

19. FIN 521 Introduction to Financial Inclusions 3

20. FIN 654 Marketing Financial Services 3

21. FIN 611 Corporate Finance 3

22. FIN 612 Analysis of Financial Statement 3

23. FIN 615 Financial derivative 3

24. FIN 613 Portfolio Analysis and Management 3

25. FIN 690 Financial modeling 3

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Courses DescriptionsBS-Economics & Finance

Course Description:

This course is designed to improve the writing skills of the students. It helps the students to write logically and coherently using the four keys of effective writing that is unity, support, coherence and sentence skills. This course explains and illustrates the sequence of steps in writing effectively Throughout this course student are encouraged to think clearly and logically. In order to write effectively one must be a strong reader, in this course the students will be introduced to the essays of professional writers, which will help the students to write effective essays.

Course Content:

Parts of an essay, The Writing Process, Common errors in writing a thesis, Introductions, conclusions and Titles, Sentence Skill, Essay Development, Grammar and Vocabulary, Reading and comprehension

Reading Material:

• College Writing Skills by John Langan Mcgraw Hill publication

• Understand and Communicate Series Available with the photocopier

• Language in use by Adrian Doff, Christopher Jones

• Practical English Grammar by Thomson and Martinet.

Business Mathematics

Course Description:

Understanding basic terms in the areas of business calculus and financial mathematics, independently solving of business problems.

Course Content:

Introduction. Basic business calculus: Ratios and proportions. Rule of three (simple and compound). Percentage calculus. Division calculus (simple and compound). Mixture calculus (simple and compound). Chain calculus. Basic interest account: Interest and interest rates. Simple interest account. Decursive and anticipative investment of money at interest. Compound interest account. Types of interest rates. Use of compound interest account: Final value of a single amount. Present value of a single amount. Final value of a series of periodic payments (withdrawals). Present value of periodic payments (withdrawals). Perpetuity. Continuous compouding. Loan:

Basicterms and loan repayment table. Loan reprogramming or conversion. Intercalary interest. Loan repayment model of equal annuities. Loan repayment model of equal share payments. Incomplete or defective annuity. Loan repayment model with anticipative interest rates. Consumer credit.

Reading Material:

• Contemporary Business Mathematics for Colleges, James E. Deitz and James L. Southam, 15thEdition, 0-324-59547-6

Microeconomics-I

Course Description:

The objective of the course is to help student understand the powerful forces that are shaping economic world and help to navigate it in everyday life and work. Microeconomics focuses on the behavior of the units—the firms, households, and individuals—that make-up the economy. It is concerned with how the individual units make decisions and what affects those decisions.

Course Content:

Introduction, The Economic Problem, Demand, Supply, Market Equilibrium, Elasticity, Efficiency and Fairness of Markets, Utility and Demand, Production and Costs, Perfect Competition, Monopoly, Monopolistic Competition, Oligopoly, Game theory

Reading Material:

• Microeconomics”, 10th edition, Robin Bade & Michael Parkin. Publishers: Pearson Addison Wesley, New York.

• “Economics”, third edition, Joseph E. Stiglitz & Carl E. Walsh. Publishers: W.W. Norton & Co. New York.

• “Economics” 17th edition, Samuelson & Nordhaus. Publishers: McGraw Hill Irwin, New York

IT Skills

Course Description:

Students will learn basic computer skills to assist their English language learning. The course consists of an introduction to basic vocabulary and terminology related to computer and word processing, Microsoft Word, the Internet, web search and email. Students will also use of different computer language software and

30


programs to practice English. An attempt will be made to support all students’ individual needs.

Course Content:

Introduction to Computer – Parts and lab rules 2. Introduction to basic vocabulary and terminology related to computer and word processing 3. Introduction to Grammar mastery program and other available language software and programs 4. Intro to BTS ESL website for students and useful links 5. Intro Typing programs – Nimble finger as a start 6. Introduction to Microsoft Office 2007 - Computer Basics- Open and save a document, change file name, etc.. 7. Formatting a document – margins, font, underline, bold, etc.. 8. Editing skills – Spell check, cut and paste, insert clip art, etc.. 9. Web search on career options and college programs 10. Comparing information from different websites 11. Creating a table – calendar and greeting cards 12. Creating a PPT presentation

Introduction to Sociology

Course Description:

This course introduces the basic concepts of sociology, relationship between individuals, culture and society, the influence of social and cultural forces on personal experience and social behavior. Particular emphasis will be laid on making analytical connections between social theory and its application, along with the importance of providing clear, informed and consistent reasoning in the presentation of arguments. The purpose of this course is to develop understanding, and the ability to predict and control / manage human behavior in organization. This subject discusses the behavioral aspects of management.

Course Content:

Introduction, Development of Sociology, Theories on Suicide, Social research, Social interaction and Social processes, Classification of Social Processes, Based on unity or opposition, Social Groups and Organization, Culture, Socialization, Social mobility, Social Change

Reading Material:

• Sociology by John J. Macionis Prentice Hall Inc. Tenth Edition

• Sociological Theory: A Historical Perspective by Muhammad Khalid, Ph.D. KIFAYAT ACADEMY

• Sociology An Introduction by Richard J. Gelles & Ann Levine, McGRAW-HILL, INC. Fifth Edition

• Sociology by Paul B. Horton & Chester L. Hunt, McGRAW-HILL, INC. Sixth Edition

• Case Studies, Scholarly Articles, Format of Term Report, Case Studies & Scholarly Articles in The Form of Booklet Available at Photocopier (Bahria University-Karachi Campus)

Principles of Management

Course Description:

The aim of this course is to develop understanding of principles of management among the students. After this course, students will understand the key concepts of management and their application in business world.

Course Content:

Introduction to Management, History of Management, Foundation of Planning, Managers as Decision Makers, Strategic Management, Organizational structure & Design, Managers as Leaders, Motivating Employees, Introduction to Controlling

Reading Material:

• Robbins, and Coulter (2011) Management; 11th edition. Upper saddle river, NJ: Prentice Hall.

• Daft, R. (2008) Management. 8th Edition, Mason: Thompson.

• Bateman, T.S. and Snell, S.A. (2012) Management: Leading and Collaborating in Competitive

• World, 10th Edition, Burr Ridge, IL: McGraw-Hill.

Islamic Studies

Course Description:

This course will introduce the philosophy, concepts of Islamic Teachings and give students the clear concept about Islamic Ideology.

Course Content:

Islam and fundamental articles of faith, Islam and fundamental articles of faith, Islam in Practice, Islam in Practice, Quran & Hadith, Sources of Islamic Law, Ijma (Consensus), Qiyas (Analogy), The Life of Hazrat Muhammad (SAWW) Makki Life, The Life of Hazrat Muhammad (SAWW) Madni Life, Muslims Relationship, Human Rights in Islam, Moral Values of Islam, Islamic Economics, Islam & Science, Some Famous Personalities (Saint)

Reading Material:

• Islamic Studies by Prof. Mufti Munib-ur-Rehman

• Sirat-e-Mustaqeem by Prof. Abdul Qayoom Natiq.

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• The light of Guidance by Dr. Muhammad Nawaz.

• Mohsin-e-Insaniat by Mr. Waheed-ud-din.

Introduction to Statistics

Course Description:

The primary goal of the course is to help students understand how the process of posing a question, collecting data relevant to that question, analyzing data, and interpreting data can help them find answers to real problems from their world.

Course Content:

Displaying Data, Bar Chart, Histogram, Descriptive Statistics, Contingency Table, Boxplot, Normal Distribution, Scatter Plots, Correlation, Linear Regression, More on Regression, Multivariate Regression, Probability, Sampling Distribution Models, Confidence Intervals Proportions, CLT, Confidence Intervals for Means, Hypothesis testing, Comparing Two Populations, Paired Samples, Chi-Square Tests, Chi-Square Tests, Review for Final Exam, Final Exam

Reading Material:

• The Basic Practice of Statistics (7th ed.), David S. Moore, William I. Notz and Michael A. Fligner

Numeracy Skills

Course Description:

The changing needs of a changing world demand new levels of mathematical literacy for the 21st century and new teaching approaches can help us to meet this challenge. Numeracy is a life-skill and essential for learning other subjects; this course is designed to provide you with a practical toolkit for enhancing the numeracy skills of all your students.

Course Content:

Use basic functions of a calculator for problem solving, investigations and applications, identifying and using the four operation keys, cancel, memory and the result key, and other necessary function keys, on calculators, calculating using whole numbers, money and routine decimals and percentages, calculating with routine fractions, applying order of operations to solve multi-step calculations, interpreting display and record results, making estimations and using them to check the reasonableness of the answer to a problem, using formal and informal mathematical language and appropriate symbolism and conventions to communicate the result of the task. Interpret and calculate with

whole numbers and familiar fractions, decimals and percentages in an everyday adult context, Estimate, measure and calculate routine metric measurements in everyday adult situations, Interpret, draw and construct 2D and 3D shapes, Use routine maps and plans, Construct and interpret routine tables, graphs and charts.

Reading Material:

• Basic Numeracy Skills and Practice, Macmillan Publishers Limited 1981,by J. Newbury

Macroeconomics-I

Course Description:

This Course of macroeconomics will explore such topics as economic growth, business cycles, the structure of the economy, employment and unemployment, inflation, and government monetary and fiscal policy. To some extent I hope to show you how economists identify and think about economic problems. There is some exposure to theory and modeling in this course you can see how we organize general economic concepts into analytic models.

Course Content:

A First Look at Macroeconomics, Economic Growth and Fluctuations, Jobs and Unemployment, Macroeconomic Policy and Tools, Measuring GDP and Economic Growth, Measuring GDP, Monitoring Jobs and Price Level, The Consumer Price Index, At Full Employment: The Classical Model, The Labor Market and Potential GD, Loanable Funds and the Real Interest Rate, Economic Growth, Money, the Price Level, and Inflation, The Quantity Theory of Money, The Exchange Rate and the Balance of Payments, Rate Fluctuations, Aggregate Supply and Aggregate Demand, Expenditure Multipliers: The Keynesian Model, U.S. Inflation, Unemployment, and Business Cycles, Fiscal Policy, Monetary Policy

Reading Material:

• Microeconomics”, 10th edition, Robin Bade & Michael Parkin. Publishers: Pearson Addison Wesley, New York.

• “Economics”, third edition, Joseph E. Stiglitz & Carl E. Walsh. Publishers: W.W. Norton & Co. New York.

• “Economics” 17th edition, Samuelson & Nordhaus. Publishers: McGraw Hill Irwin, New York

Financial Accounting

Course Description:

The objective of this course is to explore more deeply the accounting

32


principles and conventions related to financial statements preparation. It ensures that students fully understand all the activities leading to preparation of financial statements and the characteristics of financial statement components.

Course Content:

What is accounting, Importance of studying accounting. Use of financial accounting for external and Internal users. Introduction to GAAP, Introduction to Financial Statements. Definition of asset, liability and owner's equity. Various principles of accounting Introduction of forms of business organizations and business entity concept, What is Accounting equation, Classification of Assets, Classification of liabilities, Components of equity, What is Capital, What is Profit or Loss , Understanding of financial position, Components of profit or loss, Revenue minus Expenses, What is revenue, What are expenses, Understanding of financial performance. Basic understanding of Accounting equation, Understanding of Debit and Credit, Double entry system, Rules of Debit and credit, The role of accounting records. Ledger and Journal, Recording transaction in General Journal and posting to Ledger. Accounting principles and accounting cycle', Trial balance, Adjusting Entries, Types and characteristics of Adjusting Entries, Apportioning Recorded Costs , Apportioning Unearned Revenue, Recording Unrecorded Expense, Recording Unrecorded Revenue, Closing Entries, Post closing trial balance, Prepare Income statement, Balance sheet and Statement of changes in Owners Equity. The Operating Cycle of a Merchandising, Company, Corporation, Bonds.

Reading Material:

• Financial & Managerial Accounting: The basis for the Business Decision, 13th Edition, By William, Haka, Bettner (Ref Book 1)

• Accounting- The basis of Business Decisions - 11th Edition By Robert Meigs, John Williams, Sue Hakka (Ref Book II)

Pakistan Studies

Course Description:

Pakistan Studies course is designed to increase students’ awareness of Pakistan in 21st Century and this objective can be achieved through the study of History, Geography, Demographics, Culture and Economics of Pakistan.

Course Content:

Muslim Society in Subcontinent, Downfall of Muslim Rule, Educational Movements, The Ideology of Pakistan, The Pakistan Movement, The Emergence of Pakistan, The Economics of Pakistan, Struggle for Constitution Development and Islamic System in

Pakistan, Pakistani Culture, The Foreign Policy of Pakistan

Reading Material:

• Introduction to Pakistan Studies by M.Ikram Rabbani

• Perspectives on Pakistan Studies with an introduction to Pakistan Affairs (New Edition) By Gul Shahzad Sarwar

• The Struggle of Pakistan by I.H. Qureshi

Digitalization of Economy and Artificial Intelligence

Course Description:

The course discusses a rich list of topics from recent economics literature on digital economy. They include the theory of network industries, multi-sided platforms, platform strategies, platform design, recommender and reputation systems, Internet business models, online start-ups, AI technologies, big data analytics in platform businesses, AI start-ups, online pricing strategies, algorithmic pricing, financial technology platforms, payment networks, Blockchain and virtual currencies, firm digital transformation, strategic decisions for incumbent firms in adopting digital technologies, and competition policies for the digital world. The course is a great fit for anyone who is considering starting a business or joining a start-up in the digital platform space or is trying to decide what type of sector or business to focus on. The class will provide the structure and conceptual framework to gain a solid understanding of digital technologies, AI and related businesses.

Course Content:

Understand the logic of network industries, gain a solid understanding of the theory of multi-sided platform, AI (artificial intelligence) technologies and digital business,

• Understand platform leadership strategies, platform competition, and algorithmic pricing,

• Gain a solid knowledge of online / platform start-ups and their growth strategies, and learn how to establish and growth their our online business

• Understand platform design – various key components forming modern online platforms such as recommender and reputation systems as well as governance rules,

• Form a sound understanding of the AI revolution, Blockchain and general purpose technologies, and explore how these technologies are likely to transform businesses

• Gain an understanding of how platform technologies, AI and

33


cloud technologies have already begun to transform industries such as finance, providing a good understanding of Fintech start-ups

• Understand challenges faced in digital transformation of industries and firms and relevant tactics and strategies – the process of corporate digital transformation,

• Understand dominant internet business models and how to generate new online business models.

• Design business strategies for growing and running digital marketplaces.

Reading Material:

There is no required textbook for this course. Study materials will consist of lecture notes and weekly reading assignments drawn from the following list:

Autor, D. 2010. The Polarization of Job Opportunities in the U.S. Labor Market: Implications for Employment and Earnings. Washington, DC: Center for American Progress and The Hamilton Project.

Brynjolfsson, E. and McAfee, A. 2014. The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies. New York: W. W. Norton & Company.

European Commission. 2012. Ethical and Regulatory Challenges to Science and Research Policy at the Global Level. Brussels: European Commission. Available at http://ec.europa.eu/research/science-society/document_library/pdf_06/ethical-and-regulatorychallenges-042012_en.pdf.

Fox, J. 2014. “What Still Makes Silicon Valley So Special.” Harvard Business Review, December 5. Available at https://hbr.org/2014/12/what-still-makes-silicon-valley-so-special.

Mettler, A. and A. D. Williams. 2011. The Rise of the Micro-Multinational: How Freelancers and Technology-Savvy Startups are Driving Growth, Jobs and Innovation. Brussels: The Lisbon Council.

Negroponte, N. Being Digital. 1995. New York: Alfred A. Knopf. https://proxylibrary.hse.ru:2864/ehost/detail/detail?sid=c011e19c-fb 0 a - 4 f 6 9 - b 1 4 1 - f252d51e8ad2%40sessionmgr4006&vid=0&hid=4204&bdata=#AN=930984&db=nlek

Roland Berger Strategy Consultants. 2015. The Digital Transformation of Industry. Available at http://www.rolandberger.com/media/pdf/Roland_Berger_digital_tr

ansformation_of_industry _20150315.pdf.

Schwab, K. 2016. The Fourth Industrial Revolution. Geneva: World Economic Forum.

Sundararajan, A. 2016. The Sharing Economy: The End of Employment and the Rise of Crowd-Based Capitalism. Cambridge, MA: MIT Press.

United Nations. 2000. The Ten Principles of the UN Global Compact. Available at https://www.unglobalcompact.org/what-is-gc/mission/principles.

Varian, H. 2010. “Computer-Mediated Transactions.” American Economic Review 100 (2): 1–10.

Varian, H., J. Farell, and C. Shapiro. 2004. The Economics of Information Technology: An Introduction. Cambridge, UK; The Raffaele Mattioli Lectures, Cambridge University Press.

Macroeconomics-II

Course Description:

This Course of macroeconomics will explore such topics as economic growth, business cycles, the structure of the economy, employment and unemployment, inflation, and government monetary and fiscal policy. To some extent I hope to show you how economists identify and think about economic problems. There is some exposure to theory and modeling in this course you can see how we organize general economic concepts into analytic models.

Course Content:

A First Look at Macroeconomics, Economic Growth and Fluctuations, Jobs and Unemployment, Macroeconomic Policy and Tools, Measuring GDP and Economic Growth, Measuring GDP, Monitoring Jobs and Price Level, The Consumer Price Index, At Full Employment: The Classical Model, The Labor Market and Potential GD, Loanable Funds and the Real Interest Rate, Economic Growth, Money, the Price Level, and Inflation, The Quantity Theory of Money, The Exchange Rate and the Balance of Payments, Rate Fluctuations, Aggregate Supply and Aggregate Demand, Expenditure Multipliers: The Keynesian Model, U.S. Inflation, Unemployment, and Business Cycles, Fiscal Policy, Monetary Policy

Reading Material:

• Economics by Michael Parkin, Addison Wesley Longman, 8TH Edition

• “The Economics of Money, Banking and Financial Markets” Frederic S. Mishkin, 6th edition

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• “ECONOMICS” by Roger Arnolds

• Mankiw, “Principles of Macroeconomics”.4th Edition

• Samuelson, N. “Economics”, 18th Edition

• Jackson & Mclver, “Macroeconomics”, 7th Edition.

• Dornbusch, Fischer & Startz. “Macroeconomics”, 7th Edition

• Frank and Bernanke, “Principles of Economics”.

• Walash, S. “Economics”, 3rd edition.

• Lieberman, M. and Hall, R. “Introduction to Economics”.

Issues in Pakistan’s Economy

Course Description:

This is an introductory course in microeconomics theory. During the course focus will be on examining the behaviors of individuals and firms in the market and how they make their choices, using basic economic principles and tools. This in addition will guide students toward evaluating evidence and applying it to solving problems through social science methods. The objective of this course is to explore the concepts of historic growth & contemporary development, gender and gender inequality, the relationship between gender inequality and poverty, and discuss the importance of gender issues in economic development, importance of agriculture and rural development, the structure of third world agrarian system, the important role of women, stages of agricultural development, agriculture and rural development strategy, the importance of international trade & finance, basic questions about trade & development, the terms of trade & the prebischsinger theories, some criticisms of traditional free-trade theory, third world debt crisis.

Course Content:

Causes of high growth and the success of Zia-ul- Haq Regime, Fifty years of Development, Pakistan’s Agriculture sector, Manufacturing sector of Pakistan, Balance of Payment and its components, Money /Capital Market of Pakistan, Banking Sector of Pakistan, Budget, Pakistan’s Fiscal Deficit, Monetary policy, savings and inflation, Fiscal Policy, The Social Sector, Institutions, and the Governance.

Reading Material:

• Zaidi, S. Akbar,(1999),“Issues in Pakistan Economy”, Oxford University Press.

• Saeed, K. Amjad,(2007)“Economy of Pakistan, Institute of Business Management, Lahore.

• Economics Survey of Pakistan (Latest Issues), Economic Advisor’s Wing, Ministry of Finance, Government of Pakistan

Oral Communication (Public Speaking Skills)

Course Description:

The objective of this course is to help the students develop an understanding of basic grammar and language skills. Emphasis on reading, writing, speaking and listening skills and to demonstrate how such knowledge is pertinent for effective communication and particularly in the field business.

Course Content:

Definitions: parts of speech, Parts of speech with emphasis on collective- nous, abstract, nouns, pronouns, adjectives, adverbs, prepositional phrases, conjunctions, Difference between a sentence, phrase and a clause. Tenses with emphasis on present, past, future and continuous tense also emphasizing perfect tense and perfect continuous tense, future and future conditional tense. Articles, Punctuation and Capitalization, Active and Passive voice, Subject Verb Agreement, Gerunds, Different uses of words, Choice of words. Frequently missed used words. Idioms and idiomatic phrases. Increasing word power and Business terminology. Different uses of words, Choice of words. Frequently missed used words. Idioms and idiomatic phrases, Increasing word power and Business terminology. Narrative, descriptive and argumentative writing Organizing the thought process or Mind mapping, Grouping and sequencings, Outling and paragraphing, developing creative writing, Developing oral presentation skill

Reading Material:

• Understand and Communicate Series Available with the photocopier

• Language in use by Adrian Doff, Christopher Jones

• Practical English Grammar by Thomson and Martinet.

Statistical Inferences

Course Description:

At the end of this course the students will be able to understand the common statistical practices by presenting real-world applications from the fields of business, economics, finance, operations research, and management science, understand the application of statistics in various fields of management sciences, e.g. quality control or total quality management, data analysis etc. The collection and analysis of quantitative data drives some of the most important conclusions that are drawn in today's business world, such as the preferences of a

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customer base, the quality of manufactured products, the marketing of products, and the availability of financial resources. As a result, it is essential for the students of management science to have the knowledge and skills to interpret and use statistical techniques in various scenarios.

Course Content:

Role of inferential statistics in Management sciences Applications of sampling theory and types of sampling, Methods of drawing sample by using different sampling techniques. Theory and applications of Central limit theorem, Role of estimation in business, point estimates, properties of point estimate, Interval estimates, confidence interval and its applications, interval estimates for population mean from large sample. Interval estimates for population mean from small sample, Interval estimates of the population proportion for large sample. Determining the sample size in estimation, Introduction to testing of hypothesis, basic procedure for testing of hypothesis. Forecasting by regression models. Analysis of regression model. Correlation Study, Applications of Chi-Square, Chi-Square as a test of independence, Inference about the population variance, ANOVA, Applications of non-parametric tests, Applications of decision theory in the field of business, Decision tree analysis, Statistical quality control. Statistical analysis by SPSS.

Reading Material:

• Statistical Inference: A short Course, Michael J. Panik

Fundamentals of Econometrics

Course Description:

Econometrics is the combination of economic theory and statistics to test economic hypotheses from micro and macroeconomics theory to evidence. Econometrics has been the most rewarded courses and has changed the way of looking at the world.

Course Content:

The Nature of Econometrics and Data, Basic Mathematical Tools, Fundamentals of Probability, Fundamentals of Mathematical Statistics, Summary of Matrix Algebra, The Simple Regression Model, Multiple Regression Analysis: Estimation, The Linear Regression Model in Matrix Form, Multiple Regression Analysis: Inference, Multiple Regression Analysis: OLS Asymptotics, Multiple Regression Analysis: Further Issues, Multiple Regression Analysis with Qualitative Information, Hetroskedasticity, Basic Regression Analysis with Time Series Data, Further Issues in Using OLS with Time Series Data, Serial Correlation and Hetroskedasticity, In Time Series Regressions, More on Specification and Data Issues, Instrumental Variables Estimation and Two Stage Least Squares,

Simultaneous Equations Models, Pooling Cross Sections Across Time: Simple Panel Data Methods, Limited Dependent Variable Models and Sample Selection Corrections

Reading Material:

• Woolridge, Jeffrey. 2013. Introductory Econometrics: A Modern Approach, 5th edition. Cengage Learning.

• Gujarati, Damodar and Dawn Porter, Basic Econometrics, 5th Edition. McGraw-Hill.

• Maddala, George S., Introduction to Econometrics, Prentice Hall. Any edition.

• Stock, James H. and Mark Watson. Introduction to Econometrics, 2nd Edition. Pearson, Addison Wesley. 2007.

Economics of Entrepreneurs

Course Description:

This course builds on the microeconomic principles developed in first and second year by extending students knowledge of markets and the firm to the role of the entrepreneur and their interaction with the wider economy.

The course is structured into four parts:

(1) We examine who becomes an entrepreneur and why, by examining the theories of entrepreneurship, methods for applied entrepreneurial research, the incentives to become an entrepreneur and examine the entrepreneurship of specific groups.

(2) We examine the financing of entrepreneurial ventures, from debt (finance) to venture capital and other sources of capital.

(3) The examination of entrepreneurial inputs, performance and the broader community - covering performance measures, wealth accumulation, job creation, innovation, returns to human capital and entrepreneurial survival.

(4) Finally, we explore the entrepreneur and public policy - examining public policy, taxation, market regulation and their impact on the entrepreneur.

The course provides an economic understanding of entrepreneurs and the role that they play in the development of the wider economy. Additionally, the course provides an insight into the emerging field of the economics of entrepreneurship and a platform from which to undertake research or implement economic analysis of entrepreneurial endeavors

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Course Content:

This course includes but is not limited to the following topics:

• Introduction & Theories

• Empirical research methods

• Determinants of entrepreneurship

• Ethnic & Female entrepreneurship

• Debt Finance & Venture Capital

• Wealth and entrepreneurship

• Job creation, Innovation & Growth

• Effort, Income & Human Capital Return

• Survival

• Principles, policy & Finance

• Taxation, Regulation & Policy

Reading Material:

Economics of Entrepreneurs: Simon C. Parker, University of Western Ontario, 2nd edition

Business Taxation & Public Finance

Course Description:

Students examine the rationale for government intervention in a market economy, the assessment of public policy, and the impact of government expenditures and taxation on the economy and the citizenry. Topics include government activities, externalities, public goods, social security, fiscal deficits and public debt, principles of taxation, incidence and effects of taxation, and optimal taxation.

Course Content:

The Role of Government in a Market Economy, Conditions for market failure, The Public Sector in Canada, Kinds of government activities, Government and production, Government purchase of goods and services, Government redistribution of income, Government total expenditure, Externalities – Problems, Solutions and Applications, Private sector solutions to negative externalities, Public sector remedies for externalities, Public expenditure programs, Public Goods, Social Security and Social Insurance, Fiscal Stimulus Package, Taxation: Principles and Its Incidence, Taxation and Economic Efficiency, Tax Inefficiencies and Their Implications for Optimal Taxation, Issues in Sovereign Debt Crisis in Europe

Reading Material:

• Jonathan Gruber, Public Finance and Public Policy, 2nd Edition, Worth Publishers, 2007

Research Method & Techniques

Course Description:

This course will provide an opportunity for participants to establish or advance their understanding of research through critical exploration of research language, ethics, and approaches. The course introduces the language of research, ethical principles and challenges, and the elements of the research process within quantitative, qualitative, and mixed methods approaches. Participants will use these theoretical underpinnings to begin to critically review literature relevant to their field or interests and determine how research findings are useful in forming their understanding of their work, social, local and global environment.

Course Content:

Introduction to Research and the Research Process, Research Ethics and Integrity, Critical appraisal, Quantitative Research Study Designs and Methods, Analysis and Interpretation of Quantitative Data, Critical Appraisal of Quantitative Research, Introduction to Qualitative Research, Study Designs and Methods, Analysis and Interpretation of Qualitative Data, Critical Appraisal of Qualitative Research, Introduction to Mixed Methods Research, Study Designs and Methods, Analysis and Interpretation of Mixed Methods Data, Critical Appraisal of Mixed Methods Research

Reading Material:

• Creswell, J. W.. Research design: Qualitative, quantitative and mixed methods approaches. 4th Ed. Thousand Oaks, CA: Sage, 2014

Fundamentals of Finance

Course Description:

Fundamentals of finance aim to prepare the students for more advanced undergraduate courses in finance or for careers in which financial knowledge is important. The course introduces the students to basic finance concepts i.e. the saving-investment process, Financial intermediation by bank and non-bank finance intermediaries, financial markets and instruments, as well as the financial problems faced by business concerns and ways to solve them. The course will introduce the students to the basic concept including time-value of money, financial implications of different legal forms of business, ratio analysis, risk return relationship, cost of capital and basics of capital budgeting.

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Course Content:

The course emphasizes the understanding of finance theory and working knowledge of the financial environment in which the firm operates in order to develop appropriate financial strategies. Hence, it covers the whole range of basic finance concepts, economics and financial environment, financial statement analysis, risk analysis, the valuation process, capital budgeting, capital structure and dividend policy. It will also cover financial analytical tools, cash flow management techniques, and working capital management.

Reading Material:

• Brigham, Houston. Essentials of Financial Management, 2nd Edition. Cengage Learning Asia. 2010.

• Supplementary Readings

• Brigham, Houston. Essentials of Financial Management, 10th Edition. Thomson Learning. 2004.

• Brealey, Myers, Marcus. Fundamentals of Corporate Finance, 5th Edition. McGraw-Hill. 2007. Solely distributed by C&E Publishing, (1672 Quezon Ave., South Triangle, QC)

• Keown, Martin, Petty, Scott. Financial Management Principles and Applications, 10th Edition. Prentice hall. 2005.

Business Communication Skills

Course Description:

This course provides a concise, practical guide to communicating effectively in the world of business. This course offers a direct, concrete approach and an opportunity for hands-on application of effective communication strategies. It includes a review of business letters, formal and informal reports, and oral presentation. There is discussion on other strategies in the flow of communication with an emphasis on verbal and non-verbal cues.

Course Content:

Definition and basic forms of communication, Importance of effective Communication in business, Communication Challenges in today’s workforce, Process of communication, Functions& forms of organizational communication(external, internal), Role of marketing& public relations department in external communication, Developing oral presentations skills, Principles of effective writing techniques, Structure of a business letter, Writing good news & goodwill messages, Writing bad news messages, Persuasive Messages, Week thirteen& Week fourteen, Communication through reports, Communication through graphs & visuals

Reading Material:

• Business Communication: Process and Product, 7th Edition by Mary Ellen Guffey (Author),‎ Dana Loewy (Author)

Financial Management

Course Description:

Students will learn the theory of financial management and how to apply it to financial decisions in the world of large and small businesses. In addition, the course is eminently relevant for application to personal decisions in real life. Although most of the descriptive material necessary for the study of financial management will be discussed, more emphasis will be placed on the analytical and quantitative methods developed in recent years. The topics include evaluation of alternative sources of funds, asset management, analysis of capital structure, funds flow analysis, forecasting, financial planning and control, and working capital management.

Course Content:

• Goals and function of Financial Management

• Review of Accounting

• Cash Flow Statements

• Financial Analysis

• Financial Forecasting

• Operating and Financial Leverage

• Working Capital and the Financing Decision

• Current Asset Management

• Sources of Short-Term Financing

Reading Material:

Parrino, Kidwell, Au Yong, Dempsey, Morkel-Kingsbury, Ekanayake, Kofoed & Murray (2014) Fundamentals of Corporate Finance (2nd Ed.). Wiley:Australia

The following books provide a useful background to report writing, a skill that is necessary for gaining a high grade in this course:

Manalo, E., Wong-Toi, G., and Hansen, M. (1997) The Business of Writing: Written Communication Skills for Commerce Students, Longman;

Emerson, E. (2005) Writing Guidelines for Business Students, Thomson Dunmore Press.

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Financial Econometrics and Modeling

Course Description:

The course intends to familiarize students with the principal techniques in Financial Econometrics. Moreover, the course aims to facilitate awareness in students of how these techniques can be used and applied to real data, and provide the necessary background to understand and critically assess empirical findings reported in the financial literature, as well as to carry out their own empirical research in the future.

Course Content:

Definitions of asset returns, distributional properties of asset returns, OLS and MLE methods for time series data, statistical properties of OLS and MLE estimators, Stationarity, autocovariance and autocorrelation function, testing autocorrelation, white noise, AR models, properties, estimation, identification and forecasting, MA and ARMA models, properties, estimation, identification and forecasting, historical, realized, implied and conditional volatility, characteristics of volatility, ARCH models, properties, estimation, identification and forecasting, GARCH and EGARCH models, properties, estimation, identification and forecasting, VaR, RiskMetrics, econometric approach to VaR, quantile estimation, : Intraday returns, transaction data, non-synchronous trading, bid-ask bound

Reading Material:

• The Econometrics of Financial Markets, J. Y. Campbell, A. W. Lo, and A. C. MacKinlay, 1997, Princeton University Press (CLM)

• Asset Price Dynamics, Volatility, and Prediction, S. J. Taylor, 2005, Princeton University Press (ST)

• The Econometric Modelling of Financial Time Series, T. C. Mills, 1999, Cambridge University Press, 2nd edition (TM)

• Time Series Analysis, J. D. Hamilton, 1994, Princeton University Press (JH)

Managerial Economics

Course Description:

The objectives of this course is to integrate various principles and concepts from different fields of economics with typical problems of managerial decision-making and policy formulation in business organizations whether in a local or global context.

Course Content:

Demand concepts for decision making demand estimation and

demand forecasting price elasticity of demand & decision making income elasticity of demand & decision making cross elasticity of demand & decision making. Production analysis & estimation, roles of revenues & cost in productions, cost analysis & estimation, cost volume, profit analysis/break even analysis. Furthermore, it covers more wide areas of pricing analysis & decisions, capital budgeting & investment decisions, location decisions

Reading Material:

• Managerial Economics, 4th Edition, by Ivan Png

Career Exploring Management

Course Description:

The main objective of this course is to help students develop a deeper understanding of theory and research in the area of career development and planning and to demonstrate how such knowledge is pertinent for the effective management of your own career, both at the Pre-Employment and the Post-Employment stages. The course operates under the assumption that an in-depth understanding of career issues will help a student become a successful employee and/or leader, and will assist continuous development and planning of long-term career goals and aspirations.

Course Content:

Need for Career Planning-Changing Landscape of work, Definition of Career Planning, Career Management Model, Self-Analysis of Interests, Values , Competencies, work attitudes. Applications of Career Management Model- Career Exploration. Goals, Strategies and Appraisals, Development of Goals, Strategies. Action Planning: CV writing, Interviewing Skills, Job Prospecting, Career Strategies, Developing a Career Plan, Employability Skills & Competencies. Mock Interviews. Post-Employment- Career, Management, Organizational Entry, Early Career, Establishment and achievement, Middle & Late Career Issues, Entrepreneurial Career, Human Resource Support Systems

Reading Material:

• Career Management by Jeffery H. Greenhaus, 3rd. Edition.

• Self-Assessment Tools from Grooms Associates.

Monetary Theory & Policy

Course Description:

This is an advanced undergraduate course in monetary theory and policy. It aims to build on the material typically covered in intermediate macroeconomics and provide the student with an advanced understanding of monetary economics, including

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contemporary and historical monetary theory, central banking and monetary policy. This course will investigate the origins and role of money, theories regarding the supply of and demand for money and the role of money in determining aggregate demand, output, prices and other key macroeconomic variables. The relationship between money, credit and debt will be emphasized. This course will also analyse the evolving role of central banking and views regarding the role and conduct of monetary policy, including recent and historical international policy actions.

Course Content:

Introduction, Money, Banking, and Financial Markets, Financial System, Interest Rates, Central Banking and Monetary Policy, Central Banks and the Federal Reserve System, The Money Supply Process, Tools of Monetary Policy, The Conduct of Monetary Policy, Monetary Theory, Money Demand, the Quantity Theory, and Inflation, The IS Curve, Monetary Policy and AD Curves, The AS-AD Model, Monetary Policy Theory, The Role of Expectations in Monetary Policy

Reading Material:

• C. Walsh Monetary Theory and Policy 3rd edition ( eBook)

Resource and Environmental Economics

Course Description:

This course studies the application of economic analysis to the management of the environmental and natural resources. We will consider the role of economic theory in understanding and solving environmental and resource problems and discuss empirical examinations of the theory. Domestic and international policy implications will be addressed. A key assessment component will involve students engaging first-hand in changing behaviour regarding a resource or environmental issue of direct relevance to them. Topics that may be covered include: air and water pollution, sustainability, renewable and non-renewable resource management, and the impact of trade.

Course Content:

Apply economic analysis to the management of the environment and natural resources. Analyze theoretical and empirical research in environmental and natural resource economics. Prepare a policy report that develops knowledge and practical implementation of relevant economic theory in understanding and addressing an environmental or natural resource issue. Demonstrate good inter-personal and communication skills through writing a policy diary, giving a group presentation and contributing to critical discussion.

Reading Material:

• Textbook (used for approximately half of the course): Perman R., Y. Ma, M. Common, D. Maddison, and J. McGilvray (2011) Natural Resource and Environmental Economics. Fourth Edition, Pearson-Addison Wesley.

• In addition to the textbook we will be specifically referring to a selection of journal articles:

• Kahn, J.R. (2005) The Economic Approach to Environmental and Natural Resources. Third Edition, Thomson South-Western

• Pearce, D.W. and R.K. Turner (1990) Economics of Natural Resources and the Environment. Prentice Hall

• Hartwick, J.M. and N.D. Olewiler (1998) The Economics of Natural Resource Use. Second Edition, Addison Wesley

• Tietenberg T. (2003) Environmental and Natural Resource Economics. Sixth Edition, Addison Wesley.

Social & Psychological Development

Course Description:

The aim of this course is to introduce students to empirical research and theories in social and developmental psychology. These are two critical areas of psychological inquiry that directly deal with issues concerning the development of human capacities and abilities, and the way humans interact with, and are influenced by each other. The course contains two components, Developmental and Social Psychology. These two components will be run consecutively. During the first half of the session, you will be acquainted with issues relating to the development of psychological processes that are important to the cognitive, emotional and social aspects of people’s lives. During the second half of the session, the social psychology of interpersonal behavior will be covered. There will be 12 lectures in each of the topic areas of Developmental and Social psychology.

Course Content:

Introduction, Research Designs, Genetic Foundations, Prenatal Development, Perceptual Development, Cognitive Development-I, Cognitive Development-II, Children’s understanding of health and illness, Emotional Development-I, Emotional Development-II, Memory Development, Social Development, Indigenous psychology-I, Indigenous psychology-II, History and methods in social psychology, Human sociability and Interpersonal behavior, Social perception and cognition-I, Social perception and behavior-I cognition-II, Social perception and cognition-III, Impression formation and communication attribution-I, Impression formation

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and attribution-II, Social interaction and communication-I, Social interaction and communication-II, Prejudice and discrimination

Reading Material:

• The Developmental Social Psychology Of Gender, T Eckes, HM Trautner – 2000

Finance of Emerging Markets

Course Description:

This course is intended for post-graduate (Masters) students specializing in Finance with an interest in exploring business opportunities and future work in emerging markets or in financial decision making involving investments or corporate relations with the developing world. The course builds on the finance concepts learnt in the first and second year finance courses and provides students with a different perspective of finance in an emerging markets context - vital for a modern finance professional. Expertise in emerging market finance will enhance students’ marketability at places like multinational companies, hedge funds and money management firms, commercial banks, investment banks, development banks, consulting firms and financial market regulators.

Course Content:

Explain the key features of emerging financial systems;

• Identify the specific issues associated with financial intermediation in emerging markets;

• Explain and evaluate the concept of microfinance;

• Understand and evaluate the role of the IMF and World Bank in the context of emerging markets;

• Apply portfolio diversification principles to emerging equity and bond markets;

• Apply project and firm valuation techniques in the context of emerging markets;

• Understand the impact of country risk, credit risk, political risk and currency risk in an emerging market context; and

• Explain ownership and corporate governance issues relevant to emerging markets.

Reading Material:

• “Macroeconomics in Emerging Markets”, Peter J. Montiel, Second edition, 2011

• “Global Finance in Emerging Markets Economies”. Todd A.

Knoop, 2013

• “The Asian Financial Crisis: Causes, Cures and Systemic Implications”. Morris Goldstein. Institute for Financial Economics, 1998

• “Options, Futures and Other Derivatives”, John C. Hull, 2009

• “Economic Policies in Emerging Markets Economies”. Ricardo J Caballero and Klaus Schimidt-Hebel. (Papers of Central Bank of Chile), 2015

• Macroeconomia, Rudinger Dornbusch, 2006

Money and Banking

Course Description:

The objectives of the course are to address classical and contemporary issues in the theory of m money, banking, and financial institutions.

Course Content:

The structure of central banks and the Federal Reserve system, theories of money demand and money supply, the relationship between money supply and overall economic activity, the theoretical and practical aspects of monetary policies and money creation, the efficacy of fiscal policies versus monetary policies, and the role the central bank plays in economic stabilization. We shall pay particular attention to the money creation process, to endogenous money versus exogenous money, and to the ability of the central bank to stabilize the economy. The contents are as follows: Why study money and banking, the financial system, interest rates and their behavior, the banking firm and bank management, the monopoly supply process and the tools and conduct of monetary policy. The gold standard, This is an important course for learning the monetary operations which take place in different macroeconomic scenarios.

Reading Material:

• Money, Bank Credit, and Economic Cycles, Jesús Huerta de Soto

Financial Markets

Course Description:

This course aims to develop students understanding of the basic principles of financial markets and provides an introduction how assets are valued and traded in those markets. The course considers stock market prices and returns; stock market risk and the influence of risk on the pricing of shares. It also considers exchange rates, interest rates and the pricing of bonds; and the characteristics and

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pricing of financial futures and options. But the most important contribution of this course to your future career is how to use the latest academic insights to better assess risks and returns, and the tradeoff between the two in your future decision making.

Course Content:

The course allows the student to gather the key concepts on financial markets, its products, pricing, risks and the market participants. This gives a practical support to be able to understand the financial information as well as to be able to work on financial markets. The students learn how to make investment decision applying theory to the real world according to their needs and the characteristics of the products and markets. In summary, the course provides the analytical skills to understand concepts related to the money market, the bond market, the foreign market, the stock market and the derivative markets.

Reading Material:

Mishkin, Frederic S (2014): The economics of Money, Banking, and Financial Markets Ed. Pearson. 10th edition.

Project Management and Evaluation

Course Description:

This course is designed to develop an understanding of and ability to apply project evaluation techniques to management decision-making. Topics covered include evaluation frameworks, decision criteria, valuation techniques, distributional analysis, environmental impact assessment and ethics. The unit is oriented to the practical issues of project appraisal in the context of private and public decision-making.

Course Content:

On successful completion of this unit, students will be able to:

• Explain and assess the theory and practice of project evaluation;

• Demonstrate an understanding of cost benefit analysis;

• Apply the techniques covered in the unit with an understanding of a set of evaluation concepts;

• Demonstrate an increased awareness of current affairs and their critical implications regarding resource allocation; and

• Show a developed ability to solve problems in most workplaces.

Reading Material:

Gray & Larson. Project Management, the managerial process (6th

edition), ISBN13:9780078096594

Self-Management

Course Description:

This course is designed to equip the students with strategic management process. It provides an insight into business and strategic process, starting with strategy formulation, implementation and finally evaluation of the strategy. It is a capstone stone course for MBA students in which their application of knowledge on human resource, marketing and finance is evaluated and enhanced by giving them local and international case studies on real time basis.

Course Content:

Overview on Strategic Management, Defining Strategic Management, Stages of Strategic Management, Vision & Mission Statement, Why mission statement is important, Accountability of top management through mission statements, Components of Mission Statement, The External Assessment, The Nature of External Audit, External Factor Evaluation Matrix, Developing an EFE Matrix, The Internal Assessment, The Resource Based View, Constructing Internal Factor Evaluation Matrix, Financial Indicators and Ratios, Five forces model of competition by Michael Porter, Strategies in Action, Comprehensive Strategy Formulation Framework, SWOT Matrix, Constructing SWOT Matrix, Developing SO, WO, ST and WT Strategies, Strategy Choices, Type of Strategies, Level of Strategies, Strategy Analysis and Choices, Integration strategies, Intensive Strategies, Diversification strategies , Strategic Intent, The Strategic Position and Action Evaluation Matrix ( SPACE Matrix, BCG Matrix, Strategy Playbook, Blue Ocean Strategy, Implementation of Strategies , Balanced Score Card, Business ethics/ social responsibility and environment sustainability report

Reading Material:

• Strategic Management- Concept and Cases – 13th Edition By Fred R David

Corporate Skills

Course Description:

To enable students to learn fundamentals of corporate law, to have sound grasp of aspects which businessmen encounter in performance of professional obligations, to develop an understanding of business events and associated legal issues faced by business companies, to apply legal knowledge to recognize and address legal issues as business managers.

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Course Content:

Introduction, Definition, and Sources of Law, Familiarization with Constitutional State Organs, Legislative Process of Pakistan, Judicial System of Pakistan and Courts , History objects and Functions and Sources of Corporate Law, Basic concepts of rights and obligation under contract laws, Company, Legal Persons and personalities , Distinctive Features of Companies, Kinds and Types of Companies, Choosing Business Forms, Incorporated Bodies (Companies) and Unincorporated Bodies (Partnership Firms), Advantages and Disadvantages of Incorporation , Description of and Distinction between Registered Companies, Stages of formation of a company, Memorandum and Articles, Civil and Criminal Liabilities for untrue statements in Prospectus, Corporate Structure, Meetings and Resolutions, Corporate Books and Records, Financing, Transactions in Shares, Organizational Changes, Winding up, Liquidators, Contributories.

Reading Material:

• The Companies Ordinance, 1984

• The Partnership Act, 1932

• Constitution of Pakistan

• Nyazee, Imran Ahsan Khan. Company Law. Rawalpindi - Advanced Legal Studies , 2008

• Shaheen, Nazir Ahmed. Practical Approach to the Companies Ordinance, 1984. Rawalpindi Lahore: Federal Law House, 2013.

• Petiwala, M Khalid. Notes on Company Law. Karachi: Petiwala Book Depot, 2010 or latest edition.

Industrial Economics

Course Description:

Its aim is to familiarize students with a broad range of the methods and models applied by economists in the analysis of firms and industries. A broader goal is that students who take the course will, by working extensively with theoretical models, acquire analytical skills that are transferable to other kinds of intellectual problems.

Course Content:

Introduction to industrial organization Review of basic microeconomic concepts Market power; review of basic monopoly theory, Non-linear pricing and price discrimination, Durable goods monopoly, Static games Cournot and Bertrand competition, Dynamic games The Stackelberg model, Limit pricing and entry deterrence, Collusion , Mergers and vertical integration , Product

differentiation , Introduction to markets with asymmetric information , Additional topics in markets with asymmetric information , Dynamic games with imperfect information and Perfect Bayesian Equilibrium Signalling games,

Reading Material:

• Industrial Economics: An Introductory Text Book, Book by R. R. Barthwal

Budgeting and Financial Planning

Course Description:

Financial planning and budgeting are critical to the success of a business entity – for-profit or otherwise. Financial plans and budgets are an integral part of strategic planning that are indispensable in the deployment and effective allocation of resources to achieve the entity’s long- and short-term objectives.

Course Content:

Budgeting and Long-range Planning, Budgeting at Corporate Level, Budgeting at Department or Team Level, Building Assumptions, Budget Worksheet, Laying the Groundwork for Budgeting, Essentials of Effective Budgeting, Impact on Cash Flow Management, Relevance of Cash Flow Forecast in Cash Flow Management, Preparing Budgets, Operating Budgets, Cash Budget, Budgeted Financial Statements, Capital Budgeting, Characteristics of Investment Appraisal Projects, Time Value of Money, Discounted Cash Flows, Capital Budgeting Techniques – Types, Merits and Drawbacks, Net Present Value, Internal Rate of Return, Payback Period.

Reading Material:

• Financial Planning, Budgeting, and Forecasting: Financial Intelligence Collection, Book by David A. Moss, Jeremy Hope, Joe Knight, and Karen Berman

Advanced Topics in Microeconomics

Course Description:

This is an advanced course in microeconomic theory. The course covers the main topics of microeconomics from consumer and producer behavior, partial and general equilibrium, behavior under uncertainty, game theory and asymmetric information.

Course Content:

Preferences, choice and demand. Production. Partial equilibrium. Expected utility. Static games. Dynamic games and beliefs. Market power and product differentiation. Adverse selection, signaling and

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screening. Principal agent problems. General equilibrium and welfare. Existence and uniqueness of equilibrium. General equilibrium under uncertainty. Intertemporal equilibrium.

Reading Material:

• D. Kreps, A Course in Microeconomic Theory, Harvester Wheatsheaf . • G. Jehle and P. Reny, Advanced Microeconomic Theory, Addison-Wesley

Advanced Topics In Macroeconomics

Course Description:

The topic of the course is the role and the origins of news and noise in macroeconomics. The class offers a tour of many of the frontier areas of research in macroeconomics: macro-game theory, monetary economics, macro-finance, forecasting and empirical macroeconomics. We’ll explore some of the latest research questions and theories designed to address those questions. We’ll use information frictions and information choice as a way to reconcile standard theory with puzzling facts. At the same time as we explore theory, we will be building up the tools of Bayesian updating and Bayesian forecasting, powerful tools to address many questions that arise in the business world as well.

Course Content:

Introduction and overview. Bayes law. Bayesian updating with normal variables. If we are going to study information flows, we first need to know how to measure information. Entropy and mutual information. Comparing learning technologies. Information choice in strategic games. Tools do macroeconomists use to describe strategic settings with many players, information choice central to the outcome of this strategic interaction, Introduction to global games. The role of private and public information in coordination games. Strategic aspects of information choice. Information frictions in price-setting. Central Bank Transparency and Confusion. How should central banks choose what information to disclose? Portfolio Choice. What’s the most profitable way to form a portfolio of risky assets? How does the ability to learn about assets before investing turn conventional theory on its head? Information choice and under-diversification. Forecasting and uncertainty.

Reading Material:

• Information Choice in Macroeconomics and Finance.

• Brunnermeier, Markus. Asset Pricing under Asymmetric Information: Bubbles, Crashes, Technical Analysis and Herding, Oxford University Press, 2001.

• Vives, Xavier. Information and Learning in Markets

Poverty and Income Distribution

Course Description:

The aim of this course is to introduce students to the subject of poverty and inequality. The emphasis will be on problems in the modern contemporary economy, but the topic will also be approached from an historical perspective, taking a longer term view of the distribution of income in human societies. In particular, we will examine why some individuals and groups have less access to resources and income than others, study some of the philosophical perspectives related to the distribution of income, and examine the effectiveness of some of the policies that are thought to minimize poverty and to reduce the gap between the rich and poor.

Course Content:

Introduction Measurement, Some popular inequality measures, Theory and measurement. Inequality within and across countries, Income inequality, Review of Economic Dynamics special issue, The capital-income ratio and the split of income between capital and labor, Income inequality and its sources, The labor market and wage inequality, “Explained” and “unexplained” inequality, Skill-biased technical change and the relative demand for and supply of skills, Capital income and wealth inequality “Polarization”, Structural change, Mobility. Income redistribution, An overview of redistributive policies, Consequences of inequality and redistribution for individual behavior (partial equilibrium), Consequences of inequality and redistribution for macro outcomes (general equilibrium): saving, investment, growth

Reading Material:

• Moya, Dambiso (2009) Dead Aid: Why Aid is Not Working and How there is a Better Way for Africa (Vancouver, Douglas and McIntyre).

• Sachs, Jeffrey (2005) End of Poverty: Economic Possibilities for our Time (New York, Penquin).

• Edward N. Wolff (2009), Poverty and Income Distribution, 2nd edition, Wiley Blackwell.

• Frank Cowell (2011), Measuring Inequality, 3rd edition, Oxford University Press.

• Thomas Piketty (2014), Capital in the 21st Century, Harvard University Press.

International Economics

Course Description:

The course is to introduce students to both classical and modern

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theories of international trade in goods and services, as well as empirical research on trade. A substantial fraction of the course is dedicated to examination of efficient trade policies. The course is to introduce students to introductory level of theories of international finance flows, determination of interest and exchange rates in interconnected economies, macroeconomic policies available to the government, and the nature of financial crises.

Course Content:

Important issues in international trade. History and present state of world trade flows, Russian trade balance, History of the development of trade theory, Essentials: Ricardo and Comparative Advantage, Factor Price Equalization and Trade, Who Wins and Who Loses from Trade, Standard Trade Models and Country Welfare, An Empirical Evaluation of Trade Patterns, Market Imperfections and Trade, International Factor Movements, Tariffs and Non-Tariff Barriers to Trade, Government Intervention in Trade, Strategic Trade Policies, Development through Trade Policies, Political Economy of Trade (optional, time permitting) , World Trade Organization, Preferential Trading Arrangements, Custom Unions and Economic Integration, National Income accounting and the Balance of Payments, Asset Approach to Exchange Rate Determination, Money, Interest Rates, and Exchange Rates, Price Levels and the Exchange Rate in the Long Run, Output and the Exchange Rate in the Short Run, Fixed exchange rate regime, The international monetary system, International capital markets and emerging markets, Financial and economic crisis of 2008-09

Reading Material:

• Krugman P., Obstfeld M., Melitz M. (KOM) International Economics: Theory and Policy, 2015 (10th edition).

• The 9th edition Krugman P., Obstfeld M. (KO) International Economics: Theory and Policy, 9th edition, 2012

Labor Economics

Course Description:

The objective of this course is to cover the important elements of labor economics using microeconomics theoretical tools. On the successful completion of this course the students will be able to use economic concepts to explain certain labor market issues in Pakistan.

Course Content:

Labor markets are and the determinants of the supply of and demand for labor. The existence of labor shortages, the effects of the minimum wage on employment, the effects of tax policy on labor supply and demand, investments in education and training, the

effects of welfare policy on labor supply and demand, the effects of international trade on labor demand, worker mobility, pay and productivity, the labor effects of outsourcing, the role of trade unions, unemployment, and income inequality, the decision to work, the family and the life-cycle and child labor. Pakistan’s labor economics.

Reading Material:

• Labor Economics, Book by George J. Borjas

Investment Banking and Security Analysis

Course Description:

This course focuses on the fundamental principles and techniques of security analysis. The course will deal with the following topics: definition of securities; securities regulation in the Philippines; the investment environment; markets and instruments; macroeconomic and industry analysis; fundamental analysis; technical analysis; equity valuation models; financial statement analysis; derivatives instruments; and special topics.

Course Content:

• Overview of Banking.

• The Meaning of a Bank and Banking Business, Types of Banks, Banks and the Principal Agent Problem.

• The Economic Functions and the Role of Banks in a Modern Economy,

• Banking Operations : What do banks do, Standard Banking Services.

• Types of Banking, Central Banking, Global Regulation of Banks.

• Managing Banks.

• Risks and Management of Risks in Banking.

• Overview of Investment Management.

• The Investment Process, Financial Market Analysis, Securities Analysis

Reading Material:

• Bodie, Z., A. Kane and A.J. Marcus. (2002). Investments. New York: McGraw-Hill Companies, Inc.

• Decasa, L.M. (2013). Securities Regulation Code (Republic Act No. 8799): Annotated with Implementing Rules and Regulations.

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• Manila: Rex Book Store. Graham, B. and D.L. Dodd. (2009). Security Analysis: Principles and Technique. New York: McGraw Hill Companies, Inc.

• Reilly, F.K. and K.C. Brown. (1997). Investment Analysis and Portfolio Management. Fort Worth: The Dryden Press.

• Ross, S.A., R.W. Westerfield and J. Jaffe. (1999). Corporate Finance. New York: McGraw-Hill Companies, Inc

Islamic Economics

Course Description:

The objective is to provide an overview of Islamic economic system, also an overview of capitalism, communism, Islamic view of consumption, production, and factors of production and their ownership, forms of business organizations, saving and investment functions in an Islamic economy.

Course Content:

• Islamic concept of money and Western rationale of interest.

• The concept of “riba”, its interpretation and implications, alternatives to interest in an Islamic economic system.

• commercial banking in interest free economy, Islamic modes of financing.

• The role of Islamic state, zakat, usher and insurance

• Theory of fiscal policy in an Islamic state, zakat and fiscal policy.

• Inflation and the Islamic economy.

• Application of Islamic banking in Pakistan.

• Introduction of zakat, and usher in Pakistan, evaluation of Islamization process in Pakistan and other Muslim countries (Iran, Sudan, Malaysia, Egypt).

Reading Material:

• Introduction to Islamic Economics: Theory and Application, M Haneef - 2015

Urban Economics

Course Description:

The objective of this course is to provide students with the knowledge of urban economics i.e. that what are the various problems of urban areas.

Course Content:

• Nature and development of urban areas.

• The location of firms and households in an urban spatial context.

• The size distribution of urban areas, the theory of land rent, and optimal city size.

• Various urban problems such as poverty, racial segregation and discrimination, pollution and environmental quality are discussed.

• Other policy questions deal with congestion tolls and efficient highway investment, land use regulation, central city fiscal problems, and alternative educational policies.

• Local government spending, local government revenue endogenous maintenance.

• A Commodity Hierarchy Model, Maintenance, Comparative Statics with Durable Housing.

Reading Material:

• Urban Economics And Urban Policy: Challenging Conventional Policy Wisdom, PC Cheshire, M Nathan, HG Overman - 2014

Economics of Regulation and Competition Policy

Course Description:

To develop an understanding of the main issues relating to the regulation of industries and competition policy, and to apply economic reasoning in a critical manner to regulated industries and competition policy cases.

Course Content:

• Competition policy and economic regulation.

• The natural monopoly problem, barriers to entry and market power, Introduction to strategic behavior, Externalities and market failures.

• Assessing the private and social returns from investment Regulating for competitive outcomes.

• Issues of entry, licencing and deterring collusion, Link between regulation, competition.

• Industrial policy and inclusive growth.

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• Key competition and regulatory decisions and application of economic principles in energy, banking, telecoms, transport and network industries, Entry, access and vertical integration.

• Creating rivalry while incentivising investment , Licencing and universal access Market definition, market structure & market power.

• Difficulties in market definition, Evaluation of market power Understanding Restrictive Trade Practices, Categories of abuse.

• Price discrimination/unfair pricing, Introduction to exclusionary conduct, Undermining rivalry, Exclusive dealing, Loyalty rebates, Tying and bundling, Margin squeeze.

• Access to essential facilities Merger analysis, Types of mergers, Possible anti-competitive effects (theories of harm).

• Analytical framework to assess mergers, Efficiency justifications, Introduction to evaluation of vertical mergers.

Reading Material:

• Monopolies, Mergers and Competition Policy, F. M. Scherer

International Peace and Security (Economics and International Peace)

Course Description:

From the academic point of view, a multidisciplinary approach is required to understand the causes and consequences of threats to national and international peace and security. Thus, there is a genuine relevance of the course for students of engineering, science and technology. The course aims to provide students with knowledge and skills to critically understand and analyze complex contemporary issues in international peace and security. It will help students to understand both the theoretical and historical background of international politics, as well as the way the contemporary international order functions.

Course Content:

• Approaches and theories of peace & conflict studies, Theoretical approaches to understanding Conflict and Peace Building and International Relations.

• Conflict analysis tools (hands on practice),

• Understanding terms Use of Force, Diplomacy and Role of International Law, Role of technology in modern warfare (cyber and drone warfare), Relationship of national security/international security and foreign policy.

• Contemporary Global Conflicts and Security Challenges.

• Rethinking Security: Traditional and non-traditional perspective, peace and conflict challenges facing Pakistan and its neighborhood.

• Pakistan’s counter terrorism campaign.

• Roots of conflict between India and Pakistan – Kashmir issue and water sharing.

• Political turmoil in the Muslim world including sectarian dimensions and its implications for international peace and stability.

• Afghanistan after the withdrawal of foreign forces, impact on regional security and cooperation, politics of aid and role of un in international peace and security

Reading Material:

• Norrie MacQueen (2006), Peacekeeping and the International System,

Union and Labor Laws

Course Description:

This course focuses on the laws governing collective bargaining by unions and employers, and the laws regulating the relationship between individuals and their unions. Topics covered include, procedures and principles governing both the selection and decertification of unions; the free speech, access and other rights of management and unions during an organizational campaign; the duty to bargain in good faith; the unilateral change doctrine; and the procedural and substantive law governing “unfair labor practices,” by both employers and unions.

Course Content:

• Evolution of Labor Relation Laws, Strikes, Picketing and Boycotts

• Establishment of Collective Bargaining Labor and the Anti-Trust Laws Negotiation in Collective Bargaining Administration of the C. B., Manager: Functions, Roles & Skills, What is an Organization.

• Characteristics of Organizations. Demographic Characteristics of the Workforce. Ability of the workforce, psychological factors: employee attitudes, and personality, employee perception, and learning.

• Work Specialization departmentalization.

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• Chain of Command; Span of control; Centralization and Decentralization;

• Formalization Simple Structure; Bureaucracy; The Matrix Structure.

• Virtual Organization, Boundaryless Organization; and The Learning Organization Strategy, Size, Technology, Environment. Organizational Designs and Employee Behavior Functions and Direction of Communication

• Interpersonal vs. Organizational Communication Persuasive Communication, Barriers to Effective Communication.

• Performance Evaluation, Organization Change and Stress Management, Forces for Change; Resistance to Change, Work Stress and Its Management

Reading Material:

• Labor Law in a Nutshell, 1992, 3rd edition. By Douglas L. Leslie. West Publishing Co., St. paul

• Gold, Michael E. (1998). An Introduction to Labor Law, revised. Cornell University, Ithaca

Agricultural Economics And Food Security

Course Description:

The objective of this course is to explain the concepts of agricultural economics and the upcoming challenges of food shortage and security .

Course Content:

• The logic of economic theory, economic theory as abstraction consumption versus production economics versus agricultural economics.

• Production function, fixed versus variable inputs.

• Law of diminishing return, marginal physical product (MPP) and average physical product (app), MPP and marginal product function.

• Neo -classical production function. MPP and APP for the neo- classical function, sign, slope and curvature.

• Single-input production elasticity, elasticity of production for the neo classical production function.

• Cobb– Douglas production function, characteristics of Cobb–Douglas type of function, isoquants for the Cobb–Douglas type of function, profit maximization with the

Cobb–Douglas function, duality and the Cobb–Douglas function.

• Constrained output or revenue maximization.

• Multiple inputs and a single product, many outputs and a single input, many outputs and many inputs

Reading Material:

• Agriculture & Food Security, M. Elliott, M. Madkour

Economic Perspective and Public Policy

Course Description:

Participants are introduced to the economic way of thinking through the introduction to a series of key ideas and concepts of economics. Their application is then illustrated by reference to current public policy issues.

Course Content:

• Use the basic analytical tools of applied economists.

• Structure and critique an economic argument using theoretical and empirical evidence.

• International perspective to provides opportunities for national policy makers.

• Policymaking process, the role and influence of interest groups and the manner in which conflicts are resolved by governments.

• Evaluation of economic policy on selected topics; pollution, progressive taxation, financial intermediation and regulation, and credit rationing.

• Methodology and tools employed in investigating economic hypotheses empirically.

Reading Material:

• Hubbard, R.G., Garnett, A.M., Lewis, P., and O’Brien, A.P. 'Essentials of Economics' 3rd Edition, Pearson.Paperback edition ISBN: 9781486022847An eBook edition is also available from the publisher.

Corporate Law and Governance

Course Description:

The course is designed to study corporate law and governance mechanisms in the economic and business context in which they operate. The question that the course will regularly pose is how do

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corporate law and governance mechanisms facilitate economic activity and how do they respond to the problems generated by the organizational form of the company. The course’s objective is to understand the different ways in which law can respond to these economic demands and problems. Accordingly, the course adopts an explicitly comparative approach drawing in particular on Pakistan corporate law, but also on examples from continental Pakistani and European companies.

Course Content:

The course is divided into two parts.

• This first part of the course will look at the basics of corporate law including separate legal personality and limited liability.

• The second part of the course will look at corporate governance.

• The regulation of the appointment and removal of directors.

• Directors duties.

• The composition of the board.

• Ways in which shareholders can enforce their rights and the operation of the market for corporate control.

Reading Material:

• The core course text is David Kershaw’s Company Law in Context: Text and Materials (2nd Edition OUP, 2012).

• Course pack in class and an e-pack on Moodle will be provided, consisting of extracts from texts, articles and cases.

Financial Risk Management

Course Description:

This course examines modern techniques for managing financial risks. Financial risks are generally classified into market risks, due to movement in financial prices or volatilities, credit risks, due to fact that counterparties are unwilling or unable to fulfill their contractual obligations, liquidity risks, when transactions cannot be conducted at prevailing market prices, perhaps due to cash flow constraints, and operational risks, which arise from human or technical problems.

The course will cover measurement techniques for different types of financial risks (equity, fixed income, currency, commodity) and instruments. It will cover tools such as duration, portfolio beta, factor sensitivities, portfolio distribution analysis, and value at risk (VAR). It will also discuss how risk measurement tools can be used for active management of the risk/return profile of financial institutions.

Course Content:

The purpose of this course is to offer a step-by-step approach to the development of a proper risk management for a company. The course will focus on

• Identification and measurement of a firm’s exposure to financial risk

• Use of various financial instruments in managing the firm’s exposure to risks

• Implementation of risk management program

Typical cases to be discussed in this course include

• Sumitomo

• Barings

• Long-Term Capital Management

• Causes of the Asian Financial Crisis

Reading Material:

• Value-at-Risk: The New Benchmark for Managing Financial Risk, by Philippe Jorion, 2006, McGraw-Hill. We will also use parts of:

Financial Risk Manager Handbook, by Philippe Jorion, 2010 (sixth edition), Wiley.

Introduction to Microfinance

Course Description:

This course provides a unique opportunity to explore the area of microfinance and wealth creation—both from a theoretical and practical point of view—with a unique, global perspective. This course is designed to explore and analyze the key issues associated with microfinance and wealth creation, What is microfinance? What are the various business models for microfinance institutions (MFI’s),sustainable, scalable and reproducible models of microfinance? What is the social and economic impact of MFI’s? What are the benefits and limitations of microfinance as a path for alleviating poverty?

Course Content:

• The principal aim of this course is to critically analyze the various forms of wealth creation for households and businesses, with a specific emphasis on the microfinance model(s).

• Understand the basics of lending, saving and investing including

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how firms deal with risk, moral hazard and adverse selection, especially in the context of microfinance benefits and limitations of research design.

• Critically assessing the effectiveness of claims about microfinance by recognizing the advantages and disadvantages of different types of organizations in the simultaneous creation of social and economic value, factors of high performing MFIs.

• Managerial challenges of MFIs.

• Understand the global reach of MFIs and their impact on alleviating poverty throughout the world

• Interactions with real-world practitioners and experts in the field of microlending, including the international experience and visits with local MFIs is mandatory.

Reading Material:

• Armendariz, Beatriz and Jonathan Morduch, The Economics of Microfinance, MIT Press, (2005) 2007 5

• Yunus, Muhammad, Banker to the Poor: Micro-lending and the Battle against World Poverty, Public Affairs: New York, (1999) 2003

• Karlan, Dean and Jacob Appel, More than Good Intentions: How a New Economics is Helping to Solve Global Poverty, Dutton: New York, 2011.

Introduction to Financial Inclusions

Course Description:

This program is designed for financial regulators as well as management and staff of financial service providers (both banks and non-banks) who are either working on developing regulations pertaining to financial inclusion or need to be aware of the regulatory aspects to help design and deliver financial services that promote financial inclusion. Consultants, professionals, and students from the financial inclusion domain will also benefit from the course by understanding the strategic and regulatory framework that promotes financial inclusion.

Course Content:

• significant contribution financial inclusion can make to achieving inclusive economic growth and sustainable development goals has gained global recognition.

• Discuss specified key financial inclusion policy areas.

• Proportionate application of global standards.

• consumer protection.

• The digital route to financial inclusion.

• National strategies.

• Measuring the impact of financial inclusion.

• Analyze policies and design strategies to implement them with a special focus on developing countries specifically Pakistan.

Reading Material:

• Research papers related to topics, policies of different developed and developing countries to discuss and analyze, and Government publications and policies.

Marketing Financial Services

Course Description:

The objective of this course is to introduce students to the marketing of financial services. All financial institutions, including consumer banks and corporate finance services, practice some form of marketing. Some firms market themselves better than others, as evidenced in the competitive value of their brands.

Course Content:

• Demonstrate the benefits of using an analytical approach to marketing in the financial services industry.

• Analytical approach of firms .

• Identify marketing options.

• Calibrate the opportunity costs associated with each option.

• Choose the best option to achieve the firm's business goals.

Reading Material:

• Marketing Financial Services, by Hooman Estelami, Dog Ear Publishing, ISBN:1598581899.

• Marketing Engineering: Computer-Assisted Marketing Analysis and Planning;, Revised Second Edition, Gary Lilien and Arvind Rangaswamy, Trafford Publishing,ISBN:1-4120-2252-5.

• Principles of Marketing Engineering, Gary L. Lilien, Arvind Rangaswamy, and Arnaud De Bruyn, Trafford Publishing, ISBN: 1-4251-1314-1

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Corporate Finance

Course Description:

The goal of this course is to develop the analytical skills for making corporate investment with regards to financial decisions and risk analysis along with its practical applications with respect to Pakistan.

Course Content:

• Various theories including the concept of present value.

• The opportunity cost of capital.

• Discounted cash flow analysis.

• A consortium of valuation techniques.

• Issues between short & long term financial management.

• Risk and Return.

• Capital asset pricing model with capital budgeting.

• Corporate capital structure and financing decisions.

• Dividend policy, investment and financial decisions in the international context, including exchange rate/interest rate risk analysis.

• Issues of corporate governance and control In essence.

• Explore the very patterns of corporate finance that has shaped the familiar yet complex terrain of today’s global economy emphasis on developing critical auditory and erudite writing skills to a level that is commensurate university standards.

Reading Material:

• Corporate Finance, by Stephen A. Ross, Randolph W. Westerfield and Jeffrey Jaffe (RWJ), 10th edition, McGraw-Hill 2013.

• Current research publications and Wall Street Journal, Articles.

Analysis of Financial Statement

Course Description:

This course primarily consists of three parts accounting analysis, financial forecasting and equity valuation and linking accounting information and equity valuation. Cases and projects are used to enhance capability in applying the accounting information and the concepts in business analysis and valuation.

Course Content:

Part I :

• the roles of accounting,limitations and implications of financial accounting information for valuation under capital market efficiency/inefficiency.

• The current shift to the use of current values, and the implications of the use of current values on the usefulness of financial reporting.

Part II:

• Integration of accounting framework and business analysis in the forecasts of financial statements.

• Applying accounting framework in analyzing business activities and the predictions of full sets of financial statements and important numbers for firm valuation.

Part III:

• Use of accounting information forecasts in equity valuation.

• Analyzing a business through disclosure of information reported in 10-K filings and the notes to the financial statements and reported in the balance sheet.

• Proficiency in interpreting financial ratios to forecast the future.

• Framework for forecasting future earnings and predicting the stock market’s response to quarterly earnings announcements.

Reading Material:

• Lundholm and Sloan, Equity Valuation and Analysis, 4th edition.

Financial derivative

Course Description:

The phenomenal growth in the global markets for exchange-traded Options and Futures contracts on financial assets (foreign exchange, fixed income and equity securities, and stock indices) and on commodities has been accompanied by the growth in Over-the-Counter markets for swaps, related options, and other structured products. The exchange-traded products are traded by individuals and institutional investors, but the structured products are tailored to institutions. These derivative securities are used to meet a variety of objectives.

Course Content:

• The concepts of forward and futures contracts, and how to

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price them using no arbitrage principle.

• Structured products.

• Concept and pricing of swaps.

• Price options using binomial tree method

• Price options using Black Scholes formula.

• Analyse the derivatives embedded in structured products.

Reading Material:

• McDonald, Robert L., 2013, Derivatives Markets, 3 rd edition,Pearson Higher Education, Inc. McDonald, Robert L., 2009.

• Fundamentals of Derivatives Markets, Pearson Education, Inc.

Portfolio Analysis and Management

Course Description:

Analysis of investment requirements for individuals and institutional investors: liquidity, risk and return; portfolio design, construction, management and control; performance measurement; capital market theory and understanding and implementation of “modern portfolio theory,” which is a general approach for maximizing the expected return of a portfolio given a certain amount of risk. This approach is the basis of virtually all quant investing strategies and is widely used by traditional portfolio managers as well. A secondary objective is to perform quantitative and statistical analysis in a broad range of settings, testing mathematical models, Regression analysis and interpretation.

Course Content:

• Understanding of the foundations of portfolio theory.

• Investing Strategies.

• Characteristics of the financial instruments.

• Use of Statistical tools and Regression analysis to interpret andforecast results.

• Understanding of investment risk, return, diversification effects.

Reading Material:

• “Investment Analysis and Portfolio Management, 9th Ed.,” byFrank K. Reilly and Keith C. Brown.

• Thomson/Southwestern, “Portfolio Construction, Management,and Protection, 5th Ed.,” by Robert A. Strong,Thomson/Southwestern, and / or “The Inefficient Stock Market:

What Pays Off and Why, 2nd Ed.,” by Robert A. Haugen, Prentice Hall

Financial modeling

Course Description:

Presents the theory and practice of financial management, emphasizing computer-based modeling and forecasting. Uses spreadsheets and other software products to analyze the impacts of financial decisions related to financial statement analysis, cash budgeting, and cost of capital determination, capital budgeting, and capital structure choices. The course covers a variety of techniques, such as sensitivity and scenario analysis, optimization methods, Monte Carlo simulation, and regression analysis.

Course Content:

• Use of computers and spreadsheet to develop spreadsheet andmanagement skills for creating computer-based models foranalyzing a variety of decision problems facing today’s financialmanagers and professionals.

• Create computer-based models to prepare, analyze, and usefinancial statements; to conduct financial ratio analysis.

• Calculate financial and operating leverages to prepare cashbudgets.

• Create sinking funds.

• Evaluate loan and mortgage repayment schedules.

• Determine the cost of capital, to evaluate net present values,rates of return, and break-even points for various types ofcapital investments.

• Analyze investment payoffs and risks.

• Evaluate stocks and bonds to manage stock and bond portfoliosand to evaluate put and call stock options.

Reading Material:

• Financial Modeling with Excel by Francis J. Clauss (revised May2006)

UG Management Sciences - bahria.edu.pk · 3 FIN619 Financial Derivatives 4 FIN648 International...

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