Bachelor of Science Business Administration (Finance)

Course Description

Finance Courses (KFIC)

KFIC301 Risk Management 3 Credits

The course introduces students to the broad fields of “Risk” and “Risk Management”. The course stands first on the background of the key concept of “Risk”, and deepens that key concept. Then, it shows how the closely related key concept of “Risk Management” has developed from Insurance, which is referred to as “Traditional Risk Management”, up to the currently changing and comprehensive scope of “Modern Risk Management”. The objective of the course is to introduce students to the fundamental elements of Risk Management and develop knowledge and understanding in personal and corporate Risk Management processes. To that end, the course is structured in a manner to provide an extensive understanding of Risk and Risk Management.

KFIC303 Investment Analysis: Fixed Income 3 Credits

The course is designed to introduce students to advance forms of corporate financial management with emphasis on marketable securities and portfolio management. Topics include an introduction to investment and securities, the profile of financial assets, market analysis with IPO’s, and the framework of Risk and Return. The second part of the course examines Equity investments, characteristics and valuation, multiple holdings, growth, and the Bond Market.

KFIC305 Monetary Theory 3 Credits

This course addresses classical and contemporary issues in the theory of money and banking. It is intended to equip students with sufficient knowledge of the monetary and financial system of the country and provides a framework for studying the role of money in the economy and the institutional characteristics of the financial system.

The course introduces students to the concept of money. Topics to be treated include: Functions and Uses of Money, Monetary Systems and Standards, Demand for Money and Expansion of Money Supply by Banks.

KFIC307 Principles of Insurance 3 Credits

This course introduces students to the fundamental elements of insurance. Students will develop knowledge and understanding in personal and corporate insurance techniques. Topics include: insurance business and operations; insurance pricing, insurance versus hedging; life, health and income risk; property and liability risk- commercial and personal; social insurance and insurance regulation.

KFIC402 Public Finance 3 Credits

This course focuses on the application of economic theory to the analysis of the issues pertaining to public expenditures. It discusses theories on public expenditures, such as theories on public goods and social cost-benefit analysis. The course also places much emphasis on problems and institutions at the national level.

KFIC404 Portfolio Management 3 Credits

The course introduces students to portfolio management. Topics include: Portfolio Concepts, Management of individual/Family investor Portfolios; Pension Plans and Employee Benefit Funds; Investment Manager Selection, Other Institutional Investors, Mutual Funds, Pooled Funds, Portfolio Construction and Revision; Equity Portfolio Management Strategies, Fixed-Income Portfolio Management Strategies and Execution of Portfolio Decisions.

KFIC 406 International Finance 3 Credits

This course introduces students to international finance. Topics covered include: the International Monetary System, the Foreign Exchange Market, International Parity Conditions, Foreign Currency Options, Measuring and Managing Foreign Exchange Exposure; Internal and external Techniques of Exposure Management; Interest Rate Exposure, Capital and Ownership Structure; Global Cost of Capital, Capital Markets and other sources of funding for the global firm; Corporate Strategy and Foreign Investment Decisions; Taxation Issues, Political Risk Management, Managing Multinational Operations, Working Capital Management and Import and Export Financing.

KFIC 302 Financial Markets 3 Credits

The course is designed to introduce students to the fundamental knowledge and understanding of financial markets and institutions and the role money plays in finance and economics. Topics treated under Financial Markets include: Financial Institutions and Intermediation; Money Markets; Capital Market Instruments; Banks and Non-Bank Depository Institutions and Regulatory Trends (nationally and internationally).

KFIC401 Corporate Finance 3 Credits

This course introduces students to the principles of Corporate Finance. The course covers such topics as: Corporate Governance, Dividend Policy, Capital Investment Decisions, Business and Financial Risk; Short and Long Term Financial Policy. The course also discusses Mergers and Acquisitions and Corporate Restructuring.

KFIC302 Financial Markets 3 Credits

This course is designed to introduce students to the fundamental knowledge and understanding of financial markets and institutions and the role money plays in finance and economics. Topics treated under financial markets include Financial Institutions and Intermediation; Money Markets, Capital Market Instruments, Derivative Securities, Banks and Non-Bank Depository Institutions and Regulatory Trends (nationally and internationally).

KFIC304 Investment Analysis: Equity 3 Credits

The focus of this course is on the theory and practice of efficient market theory, portfolio management, and application of appropriate models in project appraisals involving securities, e.g. Sharpe’s Single Index Model. Computation of project or portfolio risk is also discussed with such other things including topical financial modules in Derivatives and Fixed Income Analysis. The aspect of Fixed Income Analysis will center on the application of basic analytical tools in analyzing fixed income securities, which include interest rates and yield –curve mathematics.