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Target
Students
Year
1
- 2
GCE 'A' Levels
- 3
GCE 'O' Levels (above 21 years old)
- Diploma
in Marketing & Public Relations (Thames)
- Diploma
in Business and Information Technology (Thames)
Year
2
- Higher
Diploma in Business Administration (Thames)
- International
Diploma in Business Administration (Thames)
- Post
graduate Diploma in Marketing, Chartered
Institute of Marketing (CIM)
- Advanced
Diploma in Administrative Management, Institute
of Administrative Management (with Financial
and Quantitative Methods options)
- Higher
Diploma/Advanced Diploma in Business and
IT
- Diploma
in Management Studies (SIM)
- Higher
Diploma in Business Management (MDIS)
- Diploma
in Business Administration (part 1 &
2) (Thames/Oxford)
- Advanced
Diploma in Marketing (Thames/Oxford)
- Diploma
in Sales and Marketing (MIS)
Exemptions
are granted on a case-by-case basis
Qualifications not listed in the above are
reviewed on a case-by-case basis.
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Programme
Structure
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See
Appendix A for Unit synopsis.
Programme
Duration
A
complete degree progression pathway from Year
One to Year Three of the Bachelor Degree programme
is approximately 3 years. Students are recommended
to take 3-4 modules per term.
Progression
Pathway

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Module
Description
W1001
Principles of Management
This module covers the Principles and Functions
of Management. Students are taught the key
elements in planning and decision-making
and significance of different controls required
in an organisation. Students will be able
to appreciate the significance of different
controls required in organizations, and
develop an understanding in the process
of organising the resources of the firm.
Learning Objectives
The student should be able to:
-
Identify the basic principles of management,
such as division of words, authority and
responsibility, discipline and unity of
command, in an organisation.
-
Explain the different functions of managers
e.g. planning, organising, directing and
co-ordinating in an organisation.
-
Describe the benefits of establishing goals
and objectives in an organisation.
-
Identify the likely objectives of organisations
at different levels both in the private
and public sector.
-
Explain the elements of a management control
system and apply the role of control systems
theory to all forms of management control.
-
Evaluate the role of management information
systems in an organisation.
-
Identify the type of decisions that managers
are employed to make and understand the
decision processes.
-
Understand the need for co-ordination and
appreciate the difficulties in achieving
it.
-
Understand how leaders influence others,
and identify leadership traits.
W1002 Principles of Quantitative Methods
Rules of numerically are covered in this
module. It provides some of the basic mathematical
data used in graphical form. Students will
also be taught to present and analyse simple
business data.
Learning Objectives
The student should be able to:
-
Demonstrate the rules of numeracy by:
Applying the four rules to whole numbers,
fractions and decimals; Expressing numbers
in standard form; Multiplying and dividing
negative numbers.
-
Apply calculations to:
Compare numbers using ratios, proportions
and percentages;
Obtain values for simple financial transactions
involving purchases, wages, taxation, and
discounts;
Calculate values using simple and compound
interest; Convert foreign currency; Make
calculations involving roots and powers;
Evaluate terms involving a sequence of operations
and use of brackets; Interpret and evaluate
formulae; Approximate data using rounding,
significant figures; Determine absolute
and relative error.
-
Use algebraic methods to:
Solve linear and simultaneous equations;
solve quadratic equations using factorisation
and formulae; determine the equation of
a straight line through two points; Determine
the gradient and intercept of a straight
line.
-
Construct and use graphs and apply general
rules and principles of graphical construction
including axes, choice of scale and zero.
-
Apply statistical methods to:
Distinguish discrete and continuous variables;
Recognise and use sigma notation for summation;
Classify and present data in tabular and
chart form;
- Determine
and interpret mean, median, mode, quartile
deviation and standard deviation for raw
and grouped data;
Present several sets of data on one graph
for comparison;
Construct statistical graphs for time series,
determine a trend using moving averages
and make a simple forecast.
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W1003
Principles of Accounting
This module provides students with the basic
principles of accounting and their application.
Preparation of Trading and Profit &
Loss Accounts, Balance Sheets and Cash Flow
Reports for sole traders and limited liability
companies will be covered. The characteristics
of cost behaviour will also be examined
in this module.
Learning Objectives
The student should be able to:
Demonstrate the ability of preparation Manufacturing,
Trading and Profit & Loss Accounts,
Balance Sheets and Cash Flow Reports for
sole traders, partnerships and limited liability
companies.
Explain the purpose of accounting systems,
accounting classifications and underlying
accounting conventions within the context
of professional regulatory requirements.
Describe the basic books of account and
their function for recording of transactions
for the purpose of control, including the
use of the journal for the adjustment of
prime entries.
Demonstrate ability to prepare a variety
of control accounts.
Demonstrate knowledge and understanding
of the accounting treatment of stocks, the
various methods of providing for depreciation,
provisions for bad and doubtful debts and
for both accruals and prepayments, and the
adjustment of a trial balance.
Explain how to analyse financial statements
and demonstrate ability to calculate important
basic financial ratios.
Classify costs as direct and indirect.
Prepare overhead allocation sheets, and
calculate overhead recovery rates by a variety
of techniques.
Explain the difference between fixed and
variable costs, and the importance of contribution
and the break-even point.
Prepare a break-even chart and explain the
limitations of beak-even analysis.
W1004 Principles of Business Communication
Business Communication is one of the most
important aspects of Business Administration.
Students will be taught to present a variety
of data in both written and graphical form,
and are kept abreast of current development
in communications technology. The principles
of business communications will also be
extensively covered.
Learning Objectives
The student should be
able to:
-
Prepare correspondence and write letters,
reports and memoranda in unambiguous, correct
English, using the approach most appropriate
to a given situation.
-
Demonstrate ability to summarise business
documents while retaining their key features.
-
Draw neat, correct and properly labelled
graphs and diagrams.
-
Demonstrate awareness of different methods
of communication.
-
Explain common abbreviations and technical
terms used in business communication.
-
Show an awareness of the importance of good
presentation in all aspects of business
communication.
W1006
Economics
The
module covers what is generally accepted
as the subject area of fundamental economic
theories, concepts and policies. Economic
principles and concepts are applied in decision
making in a business environment. An understanding
of the general economic environment and
its effect upon business organizations and
their markets will be acquired at the end
of the module.
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Learning
Objectives
The student should be able to:
-
Define the problem of scarcity, opportunity
cost, and the difference between macro and
microeconomics.
-
Describe and interpret the basic theory
of demand including the notions of utility,
the concept of marginality, the difference
between individual and market demand, and
the notion and measurement of elasticity
(own-price, cross and income elasticity)
-
Employ the theory of supply from a fundamental
understanding of costs; define the difference
between the short-run and the long-run;
differentiate between fixed, sunk and variable
costs: derive marginal, average and total
costs; describe the relevance of economies
of scale and the concept of elasticity of
supply.
-
Describe the application of supply and demand
analysis to the working of markets both
in equilibrium and disequilibrium, including
examination of the effects of such matters
as price restrictions, quotas and taxation.
-
Demonstrate the effects of different market
structures (perfect competition, monopoly,
monopolistic competition and oligopoly)
upon the conduct (particularly pricing policy)
and performance of business organisations,
and give examples of the forms and effects
of government intervention in this area.
-
Evaluate the concept of national income
as a measure of societal well being, and
derive it through its various methods of
measurement.
-
Explain and evaluate the Keynesian, Classical
and Monetarist schools of thought, and the
models to which they give rise.
-
Offer explanations of the rationale for
the various forms of Government Intervention
in the economy, and provide analyses of
the likely effects of fiscal and monetary
policy in each of the different models upon
all of the important macroeconomic variables
(e.g. employment, national income, output,
inflation).
-
Explain the fundamental principles of comparative
advantage and specialization and their relevance
to international trade, also the workings
of the international trade system including
terms of trade, balance of trade, and exchange
rates.
- Explain
the rationale for trade organizations, tariffs,
exchange rate mechanisms, and protectionism.
W1007
Management I
The objectives, roles, functions and various
forms of business organisations as they
adapt to a dynamic and changing environment
will be covered. An in-depth understanding
of the nature of the management process
in action will be appreciated. Students
will also be taught how to relate to the
principles and theories of management to
the actual practice as applied to the functional
organization of business and the effective
performance of those who work in it.
Learning Objectives
The student should be able to:
-
Appreciate and appraise the form and operation
of various types of business organisation
across the private, public and voluntary
sectors.
-
State the implications of alternative business
aims and objectives in different types of
organisation.
-
Describe the nature of management and the
roles which managers or administrators perform,
including their interaction with the relevant
stakeholder groups.
- Develop
a business plan; define and apply the models
and techniques for effective planning and
decision making within the framework of
organisational policies at both strategic
and operational levels.
-
Understand organizational principles and
organizational structures, assess their
appropriateness and recognise their relevance
in the process of organizational development.
-
Differentiate between authority and responsibility
in their understanding of the delegation
process, and recognise the importance of
effective direction, communication and leadership
style.
-
Identify and monitor business performance,
implement control processes and systems
utilising budgetary and non-budgetary methods
as appropriate, and identify key result
areas.
-
Analyse business as a human system, identifying
differences between formal and informal
organisations, and the recognition and reconciliation
of conflict between individual, group and
organizational goads.
-
Analyse the microenvironment (i.e. Customers,
competitors, suppliers, etc.) in the light
of the macroenvironment (i.e. Political,
economic, social, and technological) and
interpret their dynamic interaction through
the identification of business strengths
and weaknesses, opportunities and threats.
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W1005
Accounting
This module demonstrates an understanding
of the theoretical framework of accounting
and principles underlying accounting statements.
Upon completion of this module students will
be able to evaluate the performance and the
financial position of organizations from their
financial statements.
Learning Objectives
The student should be able to demonstrate
knowledge and understanding of:
- Theoretical
Framework
- Define
the scope and objectives of accounting,
the users of accounting information and
their needs, traditional accounting conventions,
the distinction between capital and revenue
expenditure.
- Financial
Statements of Limited Companies
- Publication
of companies' accounts in accordance with
the disclosure requirements of the Companies
Acts, issue and redemption of shares and
debentures, and understanding of the rules
contained in statements of standard accounting
practice.
- Interpretation
of Financial Statements
- Application
of financial ratios to the interpretation
of financial statements, stock market measures
of efficiency, limitations of ratio analysis.
- Learn
about accounting ratios and inflation: the
impact of changing prices on financial statements
and methods of adjusting historic cost accounts
to reflect the impact of inflation.
Consolidated
Accounts
Principles of consolidation inter-company
dealings, inter-company dividends, comparison
of the acquisition method with the merger
method.
Sources of Finance
Understand the sources of finance available
to businesses, including short, medium and
long term.
Financial Mathematics
Financial mathematics, including the calculation
of compound interest, annuities and mortgages,
discounted cash flow, net present value and
internal rate of return.
W1008 Marketing
This module examines the role and value of
marketing in today's increasingly competitive
and dynamic environment. The management of
the market function will be defined in diverse
marketing situations. Marketing principles
are covered to analyze, plan, implement and
control policies designed to achieve marketing
and corporate objectives in both profit and
policies designed to achieve marketing and
corporate objectives in both profit and non-profit
organizations.
Learning Objectives
The student should be able to:
-
Explain the development of marketing and
the marketing concept within today's changing
and challenging environment, and demonstrate
how changes in the business environment
may affect different kinds of organization.
-
Describe the nature of demand for consumer,
industrial and service products, and demonstrate
an understanding of the use of marketing
research principles and techniques in the
analysis of marketing systems.
-
Evaluate the significance of market segmentation
and buyer behaviour as approaches to market
analysis and measurement.
-
Define what is meant by product policy,
including the product life cycle, developing
new products, product retirement, positioning,
and product mix analysis and evaluation.
-
Describe what pricing policies involve,
including price concepts, empirical pricing
techniques, the significance of cost classification
to pricing, competitive pricing and responses.
-
Define what distribution policies involve,
including channel choice and design, selecting
channel intermediaries and the level of
market exposure desired, the principles
and components of a physical distribution
system.
-
Define what promotional policies involve,
including identification of the major components
of the communications mix, simple models
of communication processes and the need
for integrated communications.
-
Explain how market and/or competitive factors,
such as inflation/ recession, or market
leadership contrasted with being a market
follower, can affect the formulation of
marketing strategy, and an understanding
of how international operations can impact
on the organisation both in penetrating
foreign markets and in meeting competition.
-
Apply the basic principles of marketing
planning, as well as showing an understanding
of the basic principles of marketing organisation
for effective management and the basic concepts
of financial and non-financial control of
planning processes.
-
Define the meaning of ethics in marketing,
and showing understanding of social and
ethical issues, the role and impact of consumerism
on marketing, and an appreciation of the
environmental responsibilities of marketing.
WA201 Principles of Business Law
This module is designed to enable students
to understand the underlying principles
of business laws. Students should be able
to demonstrate a working knowledge of the
law of contract and its practical application.
The legal principles relating to sale of
goods and customer credit, law of employment
and the law of torts will also be covered.
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Learning
Objectives
The student should be able to:
-
Understand the law of contracts evidenced
in specific contractual situations:
Basic law of contract: agreement; intention
to create legal relations; consideration;
formality, capacity; terms and exclusion
clauses; vitiating factors: mistake, misrepresentation,
undue influence; contracts of restraint
of trade: discharge; remedies of breach;
- Special
contracts - sale of goods and hire purchase:
definition and nature; conditions and warranties;
transfer of property and risk; title of
goods; delivery and acceptance; remedies;
hire purchase and other consumer credit
agreements.
Contract of employment: nature and formation;
express and implied terms; termination and
its implications; redundancy;
Agency: creation, authority of an agent;
rights and duties of principal and agent;
termination of agency
-
Have an appreciation of the law regarding
tills of exchange: the concept of negotiability;
nature, definition and purpose of a bill
of exchange; duties and liabilities of the
parties; cheques; crossing; relationship
of banker and customer- protection of bankers.
-
Understand the language and technique of
law:
Sources of law: common law and equity; case
law and precedent; legislation and statutory;
Forms of liability: criminal and civil liability;
liability in contract and tort;
Administration and personnel of the law:
an outline of the court system and the legal
process; other modes of adjudication; the
personnel of the law.
-
Understand the law of associations: forms
of association; the separate legal entity
concept and its implications:
Partnership definition and essential elements;
creation; relationship of partners to outside
world; apparent authority; relationship
of partners to each other; fiduciary obligation;
Companies: classification of registered
companies; formation; the memorandum of
association doctrine of ultra vires; the
articles of association - effect and alternation;
the nature and form of company securities;
management - company meetings; the regulations
governing, and the powers and duties of
directors.
-
Demonstrate and examine the principles relating
to consumer law.
-
Describe the rules relating to employment
and industrial relations law.
WA202 Quantitative Methods
This module aims to reach an overall understanding
of how and why statistical and mathematical
techniques are used in economic and business
decisions. Students will demonstrate the ability
to analyze, present and interpret statistical
data using basic statistical and mathematical
procedures.
Learning Objectives
The student should be able to:
-
Recognise the problems associated with collecting
statistical data, including survey methods,
sampling errors, limits of accuracy and
approximation.
- Calculate
and interpret summary statistics: these
would include measures of location (mean,
median, mode), measures of dispersion (standard
deviation, variance, co-efficient of variation)
and index numbers.
-
Demonstrate the use of estimation and hypothesis
testing in business decisions: this would
include the application of sampling distribution
theory to construct confidence intervals
and hypothesis tests for a single mean,
and a single proportion for large samples
using the Normal distribution.
-
Use correlation and simple (two variable)
regression analyses to identify the strength
and form of linear relationships between
variables: this would include the use of
scatter diagrams, the construction of the
'least squares' regression line and the
interpretation of results.
-
Demonstrate how time-series analysis can
be used as an aid to business forecasting;
this would include the application of trend
and seasonal analysis and the use of moving
averages to quantify patterns in statistical
data over time.
-
Show how mathematical models can be applied
to economic and business problems; this
would include break-even analysis and the
algebraic and graphical representation of
cost, revenue and profit functions.
-
Calculus; analytical geometry, graphs/ functions
and curve sketching, differentiation, 1st
and higher order differential equations
and area under curves, limits and continuity,
maxima and minima, determinants and solution
of sets of algebraic equations, integration
and applications to business, matrix algebra.
WA203 Human Resource Management
The dynamic role of Human Resource Management
policies and practices in contemporary organizations
is covered in this module. Major philosophies,
policies, procedures and practices related
to management of human resources will also
be taught. Understand the influence of difference
environments on current HRM practices and
developments.
Learning Objectives
The student should be able to:
-
Explain the nature of the human resource
management process; show how features of
the organisation (including leadership and
managerial style, organizational culture,
organizational climate), and its environment
(including social, economic, technological,
regulatory and political factors) may influence
human resource management.
-
Identify the needs and methods for bringing
about organizational change; understand
the obstacles to change and possible approaches
to overcome these.
-
Demonstrate an understanding of the purposes,
main stages, techniques and information
sources of human resource planning; identify
the main factors influencing demand and
supply, and evaluate policies and practices
adopted to achieve human resource plans.
-
Describe and evaluate policies and practices
associated with employee resourcing including
labour market issues, job analysis, recruitment,
selection transfer and termination, labour
turnover and absenteeism; explain changes
in working patterns and forms of employment:
shift working, part-time work, flexible
working hours, distance working, job sharing.
-
Explain the importance of human resource
development in changing situations; describe
and assess the objectives, policies, stages
and practices associated with systematic
human resource development including analysis
of training needs, design, implementation
and evaluation of programmes; show a critical
understanding of some of the major development
issues associated with different manpower
groupings; operatives, clerical, administrative,
supervisors, managers, new employees.
-
Compare and contrast employer and employee
compensation objectives; demonstrate an
understanding of the objectives, policies,
systems and methods adopted for the compensation
and reward of employees and discuss their
advantages, disadvantages and relevance
to different work situations, including
job evaluation, incentive and productivity
systems, profit sharing and non-financial
benefits and services.
-
Identify the factors influencing the efficient
and effective utilisation of human resources;
explain and assess the major policies and
practices for monitoring, appraising, managing
and influencing employee performance, including
performance appraisal, employee motivation,
communications, design of jobs, counselling,
job satisfaction, maintenance of health
and safety; explain the main causes of disputes,
grievances and conflict in work situations,
and discuss and evaluate policies and practices
for their prevention, investigation and
resolution.
-
With particular reference to any one region,
explain and assess the impact of union/management
relationships and agreements on human resource
management; assess the knowledge and skill
needs to enable managers to control workplace
industrial relations effectively.
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WA204
Information Technology Management
This module covers the concepts of information
system, Major types of management information
systems and how each supports the manager
in an organization. Potential strategic roles
of information systems within the organizations
are identified. Students will be able to use
some basic systems development tools in order
to apply Information Systems to business problems.
Learning Objectives
The student should be able to:
-
Describe the conceptual systems, components
and properties of information systems and
define these components in terms of their
relevance to managerial end users.
-
Demonstrate and show the major operations
and management roles of information systems
and the strategic role that they can play
in gaining competitive advantage for the
organisation.
-
Describe and evaluate the traditional and
prototyping approaches to the development
of information systems solutions to business
problems, and apply the use of systems development
methodology and tools to a selected case
study.
-
Describe the major activities and management
considerations in the implementation process
for information systems.
-
Indicate the various ways in which information
systems support the processing of transactions
generated by business operations, and outline
basic considerations in the presentation
of information and the use of information
reporting systems and executive information
systems to present information to managers.
-
Outline by means of examples how decision
support systems have been developed and
applied to business decision-making situations
faced by managers.
-
Identify and describe the resource requirements
and managerial challenges of end-user computing
applications, and discuss the benefits and
limitations of major types of office automation
information systems.
-
Describe the major trends in computer hardware
and the basic functions and components of
computer systems, and the main features
and functions of operating systems, database
management systems and telecommunications
from a managerial perspective.
-
Students will be given hands-on training
& practice on operating systems such
as Microsoft Windows, productivity software
for word processing such as MS-Word, presentation
tools, spreadsheets such as MS-Excel, database
management such as MS-Access and local area
networks such as Novell NetWare. Emphasis
will be on using such software for personal
and business communications in oral or written
showing textual or graphical information.
WA205
Consumer Behaviour
This module provides students with an understanding
of customers' needs and complexity of the
Decision Making Unit and Process in both consumer
and industrial markets. This ensures students
to be able to identify consumer needs through
the use of available of the wide range of
social, cultural and economical factors which
influence consumer behaviour in personal and
business scenarios.
Learning Objectives
The student should be able to:
- Understand
customers' needs and complexity of the Decision
Making Unit and Process in both consumer
and industrial markets.
-
Identify customer needs through the use
of available research data and appreciate
the need for effective M.R. investigations.
-
Understand the wide range of social, cultural
and economic factors which influence consumer
behaviour in personal and business buying
scenarios both domestically and abroad.
-
Have a detailed understanding of the role
of segmentation in marketing and the competence
to segment markets effectively in a wide
variety of market situations.
-
Through their understanding of behaviour
to maximise their effective use of influence,
persuasion and communication to both internal
and external customers.
WA206
Business Finance
This module aims to introduce students to
the basic ideas of business finance, finance-related
techniques used for marketing and the operations
of financial markets.
Learning objectives
The student should be able to:
-
Evaluate projects using variety of techniques
-
Understanding capital markets and sources
of finance
-
Appreciate the difficulties in arriving
at a firm's cost of capital
-
Managing working capital
-
Appreciate the factors underlying decisions
regarding Capital Structure and Dividend
Policy
-
Apply the techniques of marginal costing,
break-even analysis and budgeting
-
Interpret the financial Statement
WA207
Marketing Research
This module demonstrates the role, purpose
and scope of marketing research as an aid
to improve marketing management decision making.
A wide range of research tools and techniques
are examined so as to apply to management
marketing problems in consumer organizational
contexts. Marketing research plan can also
be designed through all the stages, from problem
definition to managerial reporting.
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Learning Objectives
The
student should be able to:
- Evaluate
critically the advantages and limitations
of market research techniques.
-
Describe the statistical principles underpinning
market research methodologies.
-
Differentiate between secondary and primary
sources of data.
-
Selectively apply appropriate research methodologies
according to the nature of the research
problem and the needs of the marketing information
system.
-
Appreciate the differences between qualitative
and quantitative research techniques.
-
Formulate a research plan.
-
Design an appropriate sample.
-
Write a meaningful questionnaire.
-
Describe basic data collection techniques.
-
Describe basic data processing techniques.
-
Interpret marketing research data meaningfully.
-
Present marketing research findings in a
form assailable by management.
-
Recognise and examine modern trends in marketing
research techniques and in appropriate information
technologies such as marketing databases.
WA208
Managerial Economics
This module examines how an organization can
achieve its aims or objectives most efficiently
through the application of micro-economic
theory and the tools of analysis of decision
science such as statistics and quantitative
methods. It shows how economic analysis can
be used in formulating business policies.
Learning Objectives
The student should be able to:
-
Examine how an organisation can achieve
its aims or objectives most efficiently
through the application of micro-economic
theory and the tools of analysis of decision
science such as statistics and quantitative
methods.
-
Show how economic analysis can be used in
formulating business policies.
WA302 Strategic Management
This module is concerned with the in-depth understanding
of the process of strategic management. Students
should be able to develop the conceptual and
theoretical framework which underpins contemporary
strategic management and planning. This module
aims to encourage a critical awareness of the
uses and limitations of the conceptual and theoretical
frameworks.
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The
student should be able to:
-
Structure complex strategic problems and
advance logical solutions.
-
Employ the full range of techniques and
concepts available to the contemporary strategic
planner.
-
Demonstrate a critical awareness of the
limitations and uses of strategic management
tools and frameworks.
-
Analyse and choose between strategic alternatives.
-
Define the financial, human and organisational
issues which surround the implementation
of the organisation's strategies and plans.
-
Describe the impact of technological, social,
and political change on strategic management.
WA309
Business Research (Elective)
This unit is designed to provide students
with a foundation in research methodologies.
While providing a good foundation, the unit
is not intended to consider advanced methodological
tools. However, the basic data analysis techniques
that are generally useful for the preparation
of academic exercises will be covered. Emphasis
will be more on the concept than the theory.
Microsoft Excel and the SAS packages will
be used throughout this unit.
Learning Objectives
The student should be able to:
-
Appreciate the importance of effective research
in a business environment
-
Understand the relationship of MIS and decision
making
- Apply
Research Methodologies
WA310 Financial Economics (Elective)
This
unit introduces students to the increasingly
complex international economic relations impact
on countries or industries or businesses.
The unit provides an insight into the development
and operation of fiscal and monetary policies.
The study of financial economics includes
International Trade and International Finance,
which provide students with an understanding
of why countries should trade and how they
will gain from such trade. This is complemented
with a focus on trade policies that countries
implement either to promote or thwart international
trade. The unit provides a macroeconomic perspective
of the nature of capital flows across borders
and how such flows affect an economy's internal
and external balances. The unit also covers
financial markets and the international monetary
system.
Learning Objectives
The student should be able to:
-
Understand the role and mechanism of fiscal
and monetary policies
-
Explain the functions of financial markets
and their impact on the international monetary
system.
-
Acquire a theoretical understanding of how
countries gain from trading with each other;
-
Appreciate how trade patterns evolve and
change;
-
Explain why countries want to enact measures
to protect their economies from foreign
competition;
-
Understand balance of payments and how it
can be used to explain an economy's balance
form internal and external perspectives;
-
Understand how foreign exchange markets
work and the process of exchange rate determination;
and
-
Explain the importance of domestic and international
economic policy co-ordination.
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WA311
International Finance (Elective)
The
general aim of this unit is to examine how
financial and non-financial firms use key
foreign exchange and interest rate products
to manage the risk associated with their international
investment and financing decisions. This subject
compliments other aspects of managerial decision-making,
including the marketing and production decisions
of the international firm.
Learning Objectives
The student should be able to:
-
Understand international finance and the
foreign exchange markets.
-
Understand relationships between spot and
forward rates, interest rates and inflation.
-
Analyse parity & market efficiency.
-
Demonstrate understanding of the function
of currency options, futures and swaps,
when and where they are applied.
-
Examine foreign exchange risk management.
Analyse industry best practice
-
for managing currency and interest rate
risk, with a view towards integrating risk
management and demonstrate how we derive
absolute purchasing power parity (PPP) from
the law of one price.
-
Understanding considerations for making
international investment decisions at the
portfolio and project level.
-
Understand political or country risk issues
and the implications arising from the interaction
of investment and financing decisions.
WA312
Investment Management (Elective)
This
unit is provides an introduction to the various
theories, processes and practices of investment
management within an organisational context.
The objective is to provide the students with
a comprehensive but practical concept of the
elements of investment management so as to
be able to apply them in the complexities
and dynamics of the business arena.
Learning Objectives
The student should be able to:
-
Understand the investment objectives and
process;
-
Identify the major variables that influence
financial asset prices (shares, bonds and
others)
-
Understand the basic principles of valuation
theory;
-
Calculate the intrinsic value of a security,
using a variety of models;
-
Understand and evaluate benchmark criteria
for selecting individual assets;
- Understand
and evaluate alternative concepts and measures
of risk;
-
Make realistic assessments of risk / return
opportunities available to investors in
financial markets;
- Understand
the major types of risk faced by investors;
and
-
Understand the advantages of holding diversified
portfolios, irrespective of the level of
market efficiency.
WA313
Risk Management & Insurance (Elective)
This
unit addresses the basics of risk management
and insurance decisions. It will examine the
theoretical basis for risk management and
the type of techniques that can be employed.
Additionally the programme will focus on the
role of risk management in personal financial
and corporate planning.
Learning Objectives
The student should be able to:
-
Understand the nature of corporate risks
and the motivation for risk management
-
Identify and apply the techniques available
to manage corporate risk
-
Evaluate of the effectiveness of different
risk management techniques
-
Understand the key elements of personal
financial planning
WA400
Dissertation
Students
are required to do a dissertation in the program.
This is to cultivate individual development
of critical enquire of research techniques
and assist students in their planning of time
and resources, analyzing data and report writing.
This integrates information from different
functional areas. There are broadly two types
of project which are acceptable, namely Organisation-based
projects and Library-based projects.
Learning Objectives The students will have:
-
A sound theoretical knowledge and practical
skills relating to the marketing function.
-
A high level of interpersonal and mass communication
skills, the capacity for self-development,
and the capability to respond to changes
in business environment.
-
The ability to identify and analyse business
problems, collect relevant data so that
business, marketing plans and policies can
be effectively formulated and implemented.
Entry
Requirements
Year
Two
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