Course Descriptions

ENG 101 English I
Focusing on grammar and developing of all language skills. This course aims at enabling students to understand their lessons and to express themselves in English.

MAT 171 Maths for Business & Economics I
This course is aimed at providing a comprehensive treatment of selected topics in both finite mathematics and calculus. It will make students as comfortable as possible in an environment of quantitative analysis of computers.

CIS 151 Introduction to Computers
Introduction to the World of the Computer, Defining the Computer, the History of Computer, Computer Generations, Elements of Computer Systems, Hardware of Computer, Classification of Computers, Principle of Computer Working, Using the Computer and MS-Dos Operating System, Dos Editor.

MAN 101 Introduction to Business
Broad integrative course covering all functional areas of business; finance, human resources, management sciences and information systems and marketing. Relationships among business, government and society are considered.

ECON 101 Principles of Economics I
Basic concepts of economics and mainly elementary microeconomics. Topics covered are: the economic problem, Supply and Demand, Elasticity, Marginal analysis of consumers and firms behaviour, the theory of profit maximization, Analysis of markets, Pricing in competitive and non-competitive markets.

ATA 101 Principles of Atatürk I
The Principles of Atatürk will be discussed analytically and historically in both Semesters.

ENG 102 English II
This course aims to take students to advanced level of English.

MAT 172 Mathematics for Bus. & Economics II
Limits and Continuity. Average Rate of Change and Slope. Derivatives, Instantaneous Rate of Change, Higher Order Derivatives. Optimisation, Concavity of Inflection Points. Maxima and Minima. Revenue, Cost and Profit Applications, Anti Derivatives, Rules of Integration, Differential Equations, Mathematics of Finance, Simple and Compound Interest, Present Value, Effective Interest, Future Value, Annuities.

CIS 152 Computer Applications
Introduction to Windows, Windows Commands, How the windows commands work, Introduction to Microsoft Office, Microsoft Word, Microsoft Power Point, Project of Microsoft Power point.

MAN 102 Principles of Management
Principles of Management. The Basis of Management, Theory and Practice, the Nature of Planning. Decision Making. The Nature and Purpose of Organising, Basic Departmentation, Line / Staff Authority and Decentralisation, Human Resource Management and Selection, Motivation, Leadership, and the System and Process of Controlling.

ECON 102 Principles of Economics II
Elementary Macroeconomics. Determination of National Income, the Role of Government, the Banking System. Problems of Inflation, Unemployment and Growth.

ATA 102 Principles of Ataturk II
The Principles of Ataturk will be discussed analytically and historically in both Semesters.

ENG 201 Business Communication
This course aims to improve the student’s ability to understand and use English Grammar and vocabulary in business context.

MAT 281 Statistics I
Frequency distributions and Graphing Frequency Distributions, Measures of Central Tendency, Measures of Dispersion and Skewness, Basic Concepts and Rules of Probability, Probability Distributions: Binomial, Poisson, Normal, and Chir-Square Distributions, Sampling Concepts, Sampling Distributions.

ACC 202 Financial Accounting I
This course is comprised of the following topics: Accounting; Information for Decision Making, Basic Financial Statements, The accounting Cycle: Capturing Economic Events, The Accounting Cycle: Accruals and Deferrals, The Accounting Cycle: Reporting Financial Results, Accounting For Merchandising Activities, Financial Assets, Accounts Receivable and Notes Receivable, Inventories and Cost of Goods Sold.

MAN 206 Introduction to Law
A basic introduction to the study of law namely the Nature of Law, Legal Systems, The Development of Law, The Structure and Work of the Courts, The Concepts of Legal Personality and Capacity and an Outline of the European Union, its Laws and Institutions, Company Law and Tort.

ECON 201 Microeconomics
The main objective of this course is to familiarise the students with the topics of microeconomics. The main topics covered in this course consist of the Firm and Industry, Perfect competition, Monopoly, Oligopoly, Analysis of Factors of Production, Human Capital, Trade Unions, Game Theory, etc.

ENG 202 Oral Communication
This course presents a business story within the context and structure of two typical business communication situation. The target language items are described in terms of the functions they perform within the communicative structure of the meeting or negotiation.

ACC 203 Financial Accounting II
This course is comprised of the following topics: Accounting for Marketable Securities, Generally Accepted Accounting Principles, Plant and Intangible Assets, Liabilities, Stockholders’ Equity: Paid-in Capital, Income and Changes in Retained Earnings, Statement of Cash Flows and Financial Statement Analysis.

ECON 202 Macroeconomics
Introduction of the economy as a whole including such topics as economic organization, national income accounting, economic growth and fluctuations, inflation, labor market, money and monetary policy, government and public economy, international trade. Course covers the use of theoretical tools to explain the determinants and measurements of the level and change in aggregate macroeconomic variables. One of the goals of this course is to provide a basic knowledge of most important macro-economic theories (Keynesian and classical approaches are examined).

MAT 282 Statistics II
Summary of Discrete Distributions, Summary of Continuous Distributions, Descriptive Statistics, Point Estimation, Interval Estimation and the Control Limit Theory, Inferences in the Mean and Variance of a Distribution, Inferences on Proportions, Comparing two Means and two variances, Simple Linear Regression.

MAN 207 Business Law
A basic introduction to the law relating to business transactions namely an Introduction to the Law of contract and various kinds of Business Contracts. This is followed by an examination of Employment Law, including some provision requirements, European Union Law and an outline of Insurance Law and some aspects of Banking Law.

BANK 303 Principles of Banking
It is the introductory course of banking giving an overview of the commercial bank, its functions, management, and role in the economy. Topics primary include the structure of the banking system; the organizational structure of commercial banks; bank asset and liability management; international banking; theory of central banking; bank regulation and supervision; and issues in banking detailed as banks’ balance sheet and income structure, managing banks, banking risks and their management.

FIN 301 Financial Management I
This is an introductory course in the principles of corporate finance. The primary objectives are to familiarize students with the major financial decisions made by firms, the process for making those decisions, and to provide a conceptual framework for understanding and analyzing those decisions. Major topics include financial statement analysis, the time value of money, bond and stock valuation and investment techniques.

SOC 100 Sociology
A general overview of sociology including history and methodology. Explanation of the main schools in sociology, mainly Durkheim, Weber and Marx. Overview of group, stratification, institutions and structure in general.

FIN 304 Investment Fundamentals
This course is designed to analyze the environment in which an individual will make investment decisions under uncertainty. To achieve this goal, the course will begin with a brief overview of the financial markets and financial instruments, followed by a detailed discussion of some of the common concepts in investment: risk & return, valuation techniques, diversification and CAPM, etc.

FIN 302 Financial Management II
This course is the continuation of FIN 301. The principal methods of instruction will consist of interactive lecturing and problem-solving. The objective of this course is to give the students detailed information about capital budgeting, risk and return, cost of capıtal and long-term financial policy and short-term financial planning.

BANK 304 Principles of Banking II
The business environment; management processes; theories; models; skills and techniques. Management theory and practice relevant to banking institutions. Lending policies, investment policies, liquidity and capitalizations. Interest policies.

BANK 310 Bank Training Program

ECON 306 Economics of Money, Banking and Financial Institutions
Course is devoted to the study of financial intermediation, interest rates, money market instruments and banking, focuses on modern financial markets and the role of monetary policy in influencing asset prices and the economy. Topics covered include financial institutions and markets, interest rate determination, portfolio theory, capital markets, the regulation of financial institutions, the money supply process, money demand and monetary policy. Causes and consequences of inflation. Applications to such problems as exchange rate determination and dynamics, international monetary regimes.

FIN 403 Portfolio Mgmt.
Risk and dıversification. Portfolio theory and market equilibrium. Capital asset pricing. An efficient market. Performance monitoring.

FIN 404 International Finance
Introduction to exchange rate, The market for foreign currency, Exchange rate regimes, International monetary system, Balance of payments, Prices in the open economy, Financial markets in the open economy, Managing operating exposure, Managing transaction exposure, Forward, futures and options markets, International banking, Sourcing debt internationally, Sourcing equity internationally.

BANK 405 Risk Management 
The goal of this course is to study the management of risks in a bank and a corporation. Over the past two decades, the term has come to be associated with financial engineering and derivatives in the financial markets. In this course we will focus on the risk management process in a bank and in a corporate. In order to properly develop this management process we will discuss what risk is, how it can be measured and transferred or eliminated, why individuals or banks care about risk, and why corporations care about risk. Consequently, this course includes the risk management procedures in banking and derivatives markets.

BANK 408 International Banking
International banking in a modern setting. Exchange rates and exchange market regimes; theory of, and innovation in international banking; the Foreign presence; the international debt problem; regulation and risk-based capital adequacy guidelines.

ACC 301 Managerial Accounting I 
The purpose of this course is to guide the students to gain knowledge and information about managerial accounting. It aims to use the information in managerial decision making; The Nature of Costs, Cost-Volume-Profit Analysis, Standard Costs, Budgeting; Operational Budgeting, Financial budgeting and Capital budgeting.

BANK 308 Marketing Financial Services
A study of the functional activities associated with the marketing of financial products and institutions. The course describes the role of marketing in the successful management of financial firms within the current marketplace.

BANK 309 Mathematics of Finance
This course objective is to provide students with practical understanding key equation and calculation tools used by financial management environment. Designed to form of undergraduate course and it covers the major areas of financial management. The combination of practice and theory supported by computational tools is reflected in the selected topics. This course deals with important topics in financial management such as time value of money, investment appraisals and cost of capital, in a way that use mathematical tools and shows how these models can be numerically implemented in a practical way.

BANK 402 Commercial Lending
Overview of commercial lending functions with emphasis on responsibilities of the bank loan officer. Topics include the lending process, loan portfolio management, government regulation, new business development credit analysis, types of commercial loans, and the loan decision process.

BANK 404 Economics of Banking
The reasons of studying money, banking and financial markets; An overview of the financial system; Understanding interest rates; Portfolio choice; The risk and term structure of interest rates; Economic analysis of financial structure; Economic analysis of banking regulation; The Keynesian framework and the ISLM Model; Monetary and fiscal policy in the ISLM Model; Rational expectations: implications for policy.

BANK 406 Banking Law
The legal principles relating to the banker-customer relationship; banking and other financial services provided by banks, including secured lending and investment advice and services; the operation of bank accounts; security.

ECON 307 Public Finance & Fiscal Policy
This course offers a general introductory survey of the field of public finance. The topics include: when market fail, methods of government intervention, program and project evaluation, major state and local taxes and their effects, and financial relations. Study the productive and allocative role of government and of other aggregations of individuals, as well as the interaction among politics, economics and ethics. Course include welfare economics, the theory of public goods, collective choice problems, cost-benefit analysis, and governmental public finance. Analyse the equity and efficiency effects of major taxes, including the personal income tax, the corporate income tax and the social security tax.

ECON308 Ind. Economy and Mgmt. 
Industrial Economics course is aiming to analyse the application of modern game theory of strategic competition between large firms. Also; the course provides the knowledge in practice how many sectors of an advanced economy are characterized by those large firms.

ECON 310 EU Macroeconomic Policy
Courses consist of lectures on international macroeconomics. Topics include money market equilibrium, goods market equilibrium, economic policy in an open economy international monetary institutions, exchange rates, sustainable EMA, fiscal, monetary and exchange rate policies, labour markets and competition policy.

ECON 332 Trends in Globalization
This course analyses the historical evolution of the Globalization and the effects on the society. The important implications of Globalization and the main trends in this process will be studied. The general analysis of the possible impacts on the third world countries will be examined.

ECON 400 Managerial Economics 
This course is aimed at showing to students the application of economic theory and the tools of analysis of decision science to enable a firm to reach optimal managerial decisions in the face of constraints in today’s global economy.

ECON 401 International Economics 
Basic theory the latest developments in international trade. Development of world economic relations to present basic principles for development of international trade to undergraduate students, i.e. Law of comparative advantage, international equilibrium with increasing costs, the Heckscher- Ohlin model, growth & trade, the theory of tariffs.

ECON 402 World Economy
Basic theory and latest developments in international finance, integrative empirical evidence; the foreign exchange market, the balance of payment, the balance of Payments problem, price-adjustment went mechanism, income adjustment mechanism the fiscal & monetary policy for Internal & External Balance, the mixable versus fixed exchange-rates.

ECON 410 European Monetary Integration
The integration of European financial markets, the theory and measurement, determinates of European financial integration, the development of the European monetary system, different phases of development, the costs and benefits of a monetary union, comparison and evaluation of costs and benefits, the transition to an economic and monetary union, EMU and the European Central Bank.

ECON 414 European Economy
History and institution of the EU, the European economy. Policies: agricultural, competition, science and technology, regional, transport, environmental, social, foreign trade. European monetary union, EU budget, Industrial development.

ECON 418 European Single Market
Competitiveness, growth and market openness, Principles and institutions of the single market, integration with diversity, the role of standards, competition policy, regulatory policy, industrial policy, R&D, technology and innovation, European research policy, globalisation, technology conflict.

ECON 419 Monetary Theories
This course will analyze the historical evolution of the monetary policies. The relationship between the monetary policies and the other economic policies will be explained. Students will learn how monetary policies effect other economic policies.

ECON 431 Turkish Economy
This course provides a conceptual and theoretical background: various different approaches and techniques for analysing national economic structures and change. Advantages and shortcomings of different methods. Importance of thinking on prospects. National economy as a system: analysing the system; dimensions; importance of constructing and defending relevant dimensions. Selecting relevant variables and sectors. Statistical sources and information. Determining the retrospective trends, breaking points, and actors games with in the realm of determined dimensions. Constructing the scenarios. Importance of sound trend scenarios. Creating alternative scenarios. Forecasting breaking points and actors games. Systematic and prospective analysis of Turkish Economy.

EU 201 EU Competition Policy
To make students familiar with European competition policy, which is one of the most developed and successful areas of policy-making in the EU. Students will be made aware the how the policy seeks to tackle distortions in the common market caused by both public and private actors, although the course will concentrate on the latter. Where appropriate and relevant, comparative study will be undertaken as an aid to understanding the Community competition law regime, how it is applied and how it is enforced.

EU 208 Theories of EU Integration
The course explains the economic integration theories in general, the economic impacts of the integration process in EU and also the dynamics of the integration steps in EU.

EU 412 EU Funding & Project Management
This course aims to introduce students the EU funding instruments and policies from which Turkey and Northern Cyprus Community may benefit. Different programs and funds available such as IPA, EIDHR, and Community Programs are briefly discussed, together with their objectives, target groups and coverage. The national and European official web-sites for the EU grants and project-calls are overviewed with the help of internet-based learning environment. Some selected examples from successful funded projects in Turkey are examined. The second part of the course focuses on the project proposal preparation, funding application and project management for the EU funds. Especially the methods of project management cycle (PMC) and Logical Framework approach (LFA) are studied with abundant number of class activities and case-studies. As a final project, students are expected to prepare a project proposal for a current EU call by using the application documents of selected call.

FIN 405 Financial Economics
This course aim is examining the economics of financial markets and financial institutions, including a substantial component of financial economic theory and some important current issues in the management of financial institutions and the evolution of financial markets. Such topics include the theory of choice under certainty and uncertainty, asset pricing models, efficient markets theory, risk management and the theory of the term structure of interest rates.

FIN 406 Financial Modelling
This course will teach the practical financial valuation techniques using Microsoft Excel. It will cover a broad range of financial models in both corporate finance and investments, e.g., capital budgeting, portfolio theory, bond & stock valuation, etc. and we will implement these models with using Excel.

FIN 407 Interpreting Quantitative Data
This course will give the students the tools for doing research in economics and finance by using basic statistical tools for analyzing economic and financial data. This course will first start with brief lectures on how to do research, how to write an academic paper and how to collect data and analyze this data using illustrations such as tables, graphs and plots. Then there will be an introduction to quantitative research methods/econometrics which will include basic estimation techniques and interpretation of estimation results.

FIN417 Financial Statement Analysis 
This course covers the topics of the limitations of traditional accounting models in an increasingly dynamic world, how to contribute more effectively to corporate strategy by taking a more proactive and forward looking approach, how to react to conditions of rapid change through enhanced awareness, the different relationships between profits, expansion and cash flow model in the traditional accounting and financial management models, how to monitor the success of projects, strategies and even total businesses by articulating NPVs over time, how strategic financial management fits together in an integrative model.

FIN 420 Data Analysis with SPSS
This course is designed to familiarize students with the appropriate use of spreadsheets and statistical package programs (such as EXCEL and SPSS). After the course, students are expected to develop an understanding of techniques of data analysis and their application in marketing projects.

MAN 404 Human Resource Management 
The course aims at showing the importance of human resource management (The management of people) and its link with productivity, quality of work life, and profits in today’s highly competitive world. Human resource management activities examined include job analysis, human resource planning, recruitment, selection, orientation, training and development, performance appraisal, career development, compensation management, labor relations, and employee health and safety.

MAN 409 Management Information system (MIS) 
In this course, the information requirements of organizations, principles, concepts, design related and operational issues involved in information systems for managerial purpose include the basic discussion topics. The changing nature of the information technology and the outcomes of the information revolution will force us and the businesses to concentrate more on the opportunities and the threats crystallized by the new IT environment surrounding the organizations. The student will thus have to follow both the course and the developments taking place each day in this “hot issue” of IT and bring those issues into the class to further cultivate our discussions.

MARK303 Principles of Marketing
To provide fundamental concepts and to introduce related business activities within a systems perspective, supported with managerial and functional approaches for planning, pricing, promoting and distributing, satisfying products to target markets in order to achieve organisational objectives.

MARK401 Marketing Research 
This course concerns the use of marketing research as on aid to marketing decisions. Specifically, this course addresses how the information used to make marketing decisions is gathered and analysed. Accordingly, this course is appropriate for both prospective users of researches.