SCHOOL OF BUSINESS AND MANAGEMENT
POSTGRADUATE COURSES
Permission of the Department is an alternative to the stated prerequisite, and this is a requirement for all courses for which prerequisites are not stated.
Department of Accounting
ACCT 501 Accounting for Management and Financial Decisions [4-0-0:4]
An introduction to the application of accounting concepts and relationships in the recognition and solution of management problems; use of accounting statements and reports for financial planning and control; financial statement analysis. (Management core course for MBA programmes.)
ACCT 522 Advanced Managerial Accounting [4-0-0:4]
Accounting concepts and procedures for the evaluation of business perform- ance; theoretical development of analytical techniques and their applications.
Prerequisite : ACCT 321
ACCT 561 Research Methodology in Accounting [2-4 credits]
[Previous Course Code: ACCT 6811
Nature of accounting research; identification of problems; research design and evaluation techniques.
ACCT 581 Advances in Financial Accounting [2-4 credits]
[Previous Course Code: ACCT 7011
Critical examination of financial accounting principles and standards; the history of accounting; contemporary problems and developments; review of accounting literature.
ACCT 582 Advances in Managerial Accounting [2-4 credits]
[Previous Course Code: ACCT 7221
Review of contemporary literature in the field of managerial accounting; in- depth study of the theory of managerial accounting.
ACCT 690 Special Topics in Accounting [2-4 credits]
Selected topics in an identified area of accounting. This course may be repeated for credit if based on a different selection of topics.
ACCT 790 Doctoral Seminar in Accounting [Previous Course Code: ACCT 7991 Current research topics in accounting.
ACCT 799 Doctoral Thesis Research
Department of Business lnformation Systems
[2-4 credits]
BlNF 511 Information Systems [2-0-0:2]
An introduction to information systems in organisations from the perspective of the general manager. This cburse presents the managerial and strategic uses of information systems, the information technology that underlies these systems, and the ways such systems are developed and managed.
BlNF 521 Information Systems Applications [2-0-0:2]
Basic concepts and uses of information systems in organisations; the use of information technology in support of individual and organisational information processing; description of types of applications (e.g., functional, strategic);
evaluation of systems; analysis of their impacts.
Prerequisite : BlNF 51 1
BlNF 522 Information Systems Technology [4-0-0:4]
A survey of computer hardware, software, telecommunications, and data- base technology; the specification and configuration of computer-based systems for management applications; methods for costing system hard- ware and software and for assessing computer performance; trade-off analysis of comparative computer configurations.
Prerequisite : BlNF 51 1
BINF523 Information Systems Development [4-0-0:4]
The detailed design and specification of computer-based management information systems; role of data and database management systems in systems development; tools for determining user requirements; use of computer-based design aids; software engineering. Business examples are stressed.
Prerequisite : BlNF 51 1
BINF524 Information Systems Management [2-0-0:2]
Managing information systems within organisations; role of the chief infor- mation officer; frameworks for understanding the IS function; issues of planning, project management, computer operations, security, end-user computing, managing IS professionals, costing of services, organisational structures. A field study project is required.
Prerequisite : BINF 51 1
BlNF 610 Special Topics in Information Systems [2-4 credits]
Study of selected areas of information systems and information technology;
individual projects and reports.
Department of Economics
ECON 511 Managerial Economics [4-0-0:4]
This course covers the microeconomic theory and its application to business decisions and problems. Topics include theory of the firm, consumer demand, and economic analysis of regulations. (Management core course for MBA programmes.)
ECON 512 Macroeconomics and Global Economy [4-0-0:4]
This course introduces the basic macroeconomic analysis and international economics to students in business. Topics include the determinants of aggregate demand and aggregate supply, analysis of the impact of monetary and fiscal policies on the economy, and international trade and policies.
(Management core course for MBA programmes.)
ECON 520 Market Structure and Industrial Organisation [4-0-0:4]
[Previous Course Code: ECON 61 21
This course examines the impact of industrial structure, antitrust law, and government regulation on the behaviour of the firm and the performance of the firm and the economy. Competitive strategies with respect to pricing in oligopolies, production differentiation, and advertising are analysed.
Prerequisite : ECON 51 1
ECON 521 Microeconomic Theory I [4-0-0:4]
Basicconcepts in theoretical microeconomics; theories of the household, the firm, and the market.
Prerequisite : One year of calculus
ECON 522 Microeconomic Theory II [4-0-0:4]
Introduction to general equilibrium theory and welfare economies; economics of information; modem topics in microeconomics.
Prerequisite : ECON 521
ECON 525 Macroeconomic Theory I [4-0-0:4]
Theories of consumption, investment, money, interest, inflation, and unem- ployment.
Prerequisite : One year of calculus
ECON 526 Macroeconomic Theory II [4-0-0:4]
Dynamic and stochastic models of the macroeconomy; recent approaches to macroeconomics.
Prerequisite : ECON 525
ECON 530 Applied Econometrics I 14-0-0:4]
Single equation model--ordinary least squares (OLS), maximum likelihood (MLE) and generalised least squares (GLS) estimators; departure from standard assumptions--multicollinearity, heteroscedasticity, autocorrelation, errors in variables; the identification problem and the estimation of simultane- ous equation models; applications to business and economic problems.
Prerequisites : One year of calculus and BlNF 11 1
ECON 531 Applied Econometrics II [Previous Course Code: ECON 6311
his
course presents an intr~ductio~to practical forecasting methods useful for a wide variety of problems at the firm, industry, and economy-wide levels.Topics include trend models, smoothing, Box-Jenkins and time series regres- sion models.
Prerequisites: ECON 51 1 and BlNF 11 1
ECON 535 Mathematics for Business and Economics I [4-0-0:4]
The application of mathematics to economic analysis; basic techniques of mathematical analysis and linear algebra; methods of optimisation.
ECON 536 Mathematics for Business and Economics II [4-0-0:4]
Basic methods in dynamic optimisation; calculus of variations, control theory, dynamic programming; other methods useful for modern economics.
Prerequisite : ECON 535
ECON 540 International Economics I [4-0-0:4]
This course covers major topics in international trade theory. The focus is on model and analytic relationships in Ricardian theory, the Heckscher-Ohlin theory, gains from trade, tariffs and trade equilibrium, tarrifs versus quotas.
Prerequisite : ECON 51 1
ECON 541 International Economics I1 [4-0-0:4]
[Previous Course Code: ECON 6411
This course deals wtih international monetary issues. Selected topics include basic concepts of the balance of international payments, analysis of fixed and flexible exchange ratesystems, international banklending anddebt, problems and development in the international monetary system.
Prerequisite : ECON 51 2
ECON 551 Comparative Economic Systems I [4-0-0:4]
[Previous Course Code: ECON 6521
The difference between capitalism and socialism; the varieties of capitalism in the US, Western Europe, Japan and the newly industrialised countries in Asia; the economic transition in Eastern Europe and the former Soviet Union;
the economic reform in China; the efficiency of alternative economic systems.
Prerequisites : ECON 51 1 and ECON 51 2
ECON 552 Comparative Economic Systems II Continuation of ECON 551
ECON 562 Economics of Regulation [4-0-0:4]
[Previous Course Code: ECON 6621
Thiscourse employs economic analysis to explain the behaviour of regulatory agencies and regulated firms. Direct economic regulation and its alternatives are considered. Examples of safety regulation, public utility regulation, and transportation regulation will be discussed.
Prerequisite : ECON 51 1
ECON 565 Public Economics I (Economics of Taxation) [4-0-0:4]
Static and dynamic effects of taxation on resource allocation (e.g., labour supply, consumption, production, savings and risk-taking) and income distri- bution; efficiency and incidence of taxation; theory of excess burden and optimal taxation; burden of public debt; reputation and time consistency of optimal policy.
Prerequisites : ECON 51 1 and ECON 51 2
ECON 580 Economic Growth and Development I [4-0-0:4]
Neo-classical models of economic growth; the problems and mechanics of development; technological changes; recent approaches to economic growth.
Prerequisites : ECON 521 and ECON 525
ECON 581 Economic Growth and Development II Continuation of ECON 580
ECON 566 Public Economics II (Economics of the State and Public Spending) [4-0-0:4]
Market failure and public policy; public sector pricing and production; public goods and publicly provided private goods; project evaluation; public choice:
models of voting and bureaucratic behaviour.
Prerequisite : ECON 565
ECON 570 Monetary Economics I (Theory of Money) [44-0:4]
Existence and neutrality of money; money supply and financial intermedia- tion; money demand; monetary equilibrium; money, inflation and growth;
ECON 585 Human Resource and Labour Economics I 14-0-0:4]
Human capital theories; labour supply of households, labour supply over the life-cycle; migration; unemployment; labour union; minimum wage law;
selected topics in labour markets.
Prerequisite : ECON 521
ECON 586 Human Resource and Labour Economics II [4-0-0:4]
Continuation of ECON 585 money and the business cycle; money in the theory of finance.
Prerequisites : ECON 521 and ECON 525
ECON 590 Mathematical Economics I [4-0-0:4]
ECON 571 Monetary Economics II (Monetary Policy) [4-0-0:4]
Optimum quantity of money; targets and instruments of monetary policy;
rational expectations and policy effectiveness; rules versus discretion; dy- namic inconsistency and reputational equilibrium.
Prerequisite : ECON 570
ECON 575 Econometrics I [4-0-0:4]
Nonlinear regression methods; asymptotic distribution theory; time series analysis; discrete and limited dependent variables; Bayesian inference in econometrics.
Prerequisite : ECON 531
ECON 576 Econometrics II [4-0-0:4]
Topics to be selected by instructors. Examples are generalised method of moments (GMM), semiparametric and nonparametric regression methods, discrete choice models, Tobit models and models for discrete/continuous endogenous variables, with applications in stochastic dynamic macro and financial economics, public finance and labour economics.
Prerequisite : ECON 575
Use of selected types of mathematical tools in economics; theories of competitive markets; existence and stability theorems; advanced topics in microeconomics.
Prerequisite : ECON 522
ECON 591 Mathematical Economics II Continuation of ECON 590
ECON 61 0 Special Topics in Economics [Previous Course Code: ECON 6991 Selected topics in economics.
ECON 790 Doctoral Seminars in Economics [Previous Course Code: ECON 7991 Current research topics in economics.
ECON 799 Doctoral Thesis Research
[4-0-0:4]
[2-4 credits]
[2-4 credits]
Department of Finance
FlNA 512 Corporate Finance [4-0-0:4]
An introductorycourse in financial management. Topics includetheconcepts and techniques of valuations of cash flows, capital budgeting, risk and return of assets, capital structure and dividend policy, and merger and acquisitions.
(Management core course for MBA programmes.)
Prerequisites : Introductory courses in financial accounting, microeconomics and business statistics.
FlNA 520 Cases in Corporate Finance [4-0-0:4]
[Previous Course Code: FlNA 6121
This is an application-oriented course which builds on the introductory course in corporate finance, and deals with cases in working capital, capital budget- ing analysis and planning, corporate valuation, mergers, and financial strategies.
Prerequisite : FINA 51 2
FlNA 521 Investment Analysis and Portfolio Management [4-0-0:4]
[Previous Course Code: FlNA 6211
The analysis and management of common stocks and fixed income securi- ties, behaviour of market prices of securities, development of modern portfolio theory and the efficient market hypothesis, and the organisation of securities markets.
FlNA 531 Financial System and Markets [4-0-0:4]
[Previous Course Code: FlNA 6311
The organisation and functions of the money and capital markets, interest rates and term structure, the financial instruments in these markets, and the analysis of the effects of government monetary policy on financial markets.
Prerequisites : ECON 51 1 and ECON 51 2
FlNA 532 Financial Institutions [4-0-0:4]
[Previous Course Code: FlNA 6321
This course covers the management issues for financial institutions, with emphasis on banks and savings and loans. ~conomic and financial analytical techniques are applied to the managerial problems of these institutions in the modern market environment.
Prerequisite : FlNA 531
FlNA 541 International Finance [4-0-0:4]
[Previous Course Code: FlNA 6411
This course covers international financial institutions and capital markets.
Topics include exchange risk and speculation, international balance of payments, and the Eurocurrency markets.
Prerequisites : ECON 51 1 and ECON 512
FlNA 542 Financial Management of Multinational Corporations [4-0-0:4]
[Previous Course Code: FlNA 6421
This course covers the financial management of multinational corporations.
Topics include the analysis of risk in foreign operations and strategies in foreign exchanges, and the financing and investment decisions of multina- tional firms.
Prerequisite : FINA 51 2
FlNA 551 Options and Future Markets [4-0-0:4]
[Previous Course Code: FINA 6511
This course covers the organisation and functions of options and futures markets. Topics include analysis of futures and options contracts, spot and futures price relationships, speculation and hedging strategies, and market efficiency.
Prerequisite : FINA 521
FlNA 690 Special Topics in Finance [2-4 credits]
[Previous Course Code: FINA 6991
This course covers current developments in the field of finance. Topics to be selected by the instructor.
FlNA 790 Doctoral Seminars in Finance [2-4 credits]
[Previous Course Code: FINA 7991
Current research topics in corporate finance, investments, financial markets and institutions, and empirical research in financial economics.
FlNA 799 Doctoral Thesis Research
Department of Management
MGMT 501 Business Data and Decisions [M-0:4]
This course surveys statistical model building, emphasising managerial interpretations of statistical summaries of data. It also covers classical statistics, including multiple regression, to support the courses in marketing and finance that follow. The fundamental approaches to decision making under uncertainty are presented. (Managemenr core course for MBA programmes.)
MGMT 502 Regression for Management [4-0-0:4]
Extensions of the ideas of regression and correlation are introduced to analyse non-normal data and deal with other problems in data. Skills for modelling business problems using the SAS statistical package are devel- oped.
Prerequisite : MGMT 501
MGMT 503 Applied Multivariate Analysis [4-0-0:4]
Multivariatestatistics (canonicalcorrelation, discriminant analysis, MANOVA, principal components and factor analysis) are studied with application to problems in management in mind. Management data are analysed using SAS.
Prerequisite : MGMT 501
MGMT 504 Time Series and Forecasting [4-0-0:4]
Univariate models are studied using Box-Jenkins ARlMA models. Modelling of multiple time series by transfer functions, and state space methods are introduced. Forecasts are made using SAS.
Prerequisite : MGMT 501
MGMT 510 Managerial Model Building (Part-time) [2-0-0:2]
This course gives a survey of the uses of formal modelling approaches in managerial decision making; emphasis is placed on model types and formulations and on use of solutions obtained from computer routines.
Application areas include finance, marketing, production, and public sys- tems. (Management core course for MBA programmes.)
MGMT 511 Managerial Model Building (Full-time) [4-0441 This course gives a survey of the uses of formal modelling approaches in managerial decision making; emphasis is placed on model types and
formulations and on use of solutions obtained from computer routines.
Application areas include finance, marketing, production, and public sys- tems. (Management core course for MBA programmes.)
MGMT 512 Optimisation Models for Management [4-0-0:4]
Integer programming helps to model problems with many alternatives, goal programming allows you to weigh the impact of different goals and identify possible solutions, and non-linear and dynamic programming allow more realistic models, incorporating the nonlinear relations which can occur.
Emphasis is placed on modelling, software, and the practical issues of solution implementation.
Prerequisite : MGMT 51 1