Level 1 Courses
ECON 1001 Introduction to Microeconomics - 3 credits
This course introduces students to some of the basic concepts and
principles of economics and to some real-world marketing
situations. It also takes into consideration our unique
Caribbean culture. Its objective is to familiarize the student
with the fundamentals of microeconomic theory. The emphasis of
this course is on modeling microeconomic behaviour. An
understanding of elementary mathematics will be useful (though
not absolutely necessary) in the study of the subject.
Topics to be covered include:
·
Consumer Demand
Theory
·
The Theory of the
Firm and Production
·
Market Analysis
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Course Outline>>>
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ECON
1002 Introduction to Macroeconomics -
3
credits
This is an introductory study of the field of macroeconomics. It will
introduce students to the content, methods and techniques of
macroeconomics; acquaint them with the distinctive features of a
small open economy and expose them to contemporary issues in
macroeconomic analysis and policy.
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Course Outline>>>
Topics to be covered include:
·
National Income
Accounting
·
Macroeconomic
Model Building and Analysis
·
The Theory of
Small Open Economy
·
Money and Banking
·
The International
Economy
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ECON
1003 Mathematics for Social Sciences 1 -
3 credits
This course is designed to review students’ knowledge of elementary
mathematics and to expose them to some of the mathematical
concepts and techniques that are required to study mathematical
models in economics and the management sciences. Emphasis will
be placed on understanding important concepts rather than just
computation skills, the use of algorithms and the manipulation
of formulae.
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Course Outline>>>
Topics to be covered include:
·
Basic algebraic
techniques
·
Sets
·
Matrices
·
Matrix solutions
to systems of linear equations
·
Relations
·
Functions
·
Graphs
·
Coordinate
geometry
·
Limits
·
Differentiation
·
Integration
·
Maxima and Minima
curve tracing
·
Linear
programming and the calculus of two variables
·
The application
of the foregoing to the Social Sciences
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ECON
1005 Introductory Statistics - 3
credits
Computer literacy and proficiency in Mathematics will be an
asset.
This course introduces students to the art and science of statistics.
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Course Outline>>>
Topics covered are:
·
The collection,
compilation and tabulation of statistics and their
representation by charts, diagrams, averages, measures of
dispersion and association and index numbers
·
Elementary
aspects of distribution theory, estimation theory and hypothesis
testing
·
The use of
mechanical aids to calculation and tabulation
·
The analysis of
variance technique
·
Elementary
decision making theory
·
Descriptive
statistics
·
Probability
distributions
·
Estimation
·
Hypothesis
testing and simple regression and correlation
Teaching is accompanied by computer applications using MINITAB software.
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ACCT
1002 Introduction to Financial
Accounting - 3 credits
The primary objective of this course is to provide a thorough exposure
to financial accounting fundamentals as they relate to today’s
business world. It is designed mainly for students who have
little or no knowledge of financial accounting. The following
topics will be addressed: the basic accounting process;
accounting systems and controls; accounting for assets and
liabilities; partnerships and corporations; additional financial
reporting issues.
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Course Outline>>>
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ACCT
1003 Introduction to Management and Cost
Accounting - 3 credits
This course is intended to provide students with an exposure to cost and
managerial accounting emphasizing four major themes as follows:
1.
Cost Accumulation
2.
Determining appropriate cost techniques
3.
Planning
4.
Control
Specific topics to be covered include:
·
Managerial
accounting and business segments
·
Cost accounting
terminology
·
Classification
and systems
·
Management
reporting
·
Job-order costing
·
Process joint and
by-product costing
·
Absorption vs
direct costing and the contribution approach
·
Introduction to
budgeting
·
Flexible budgets
and standard costs
·
Variance analysis
·
Managerial
accounting and not-for-profit organizations
·
Departmental
costing and cost allocation
·
Cost-volume-profit analysis
·
Relevant costing
and capital budgeting
·
The pricing decision, transfer pricing and alternative
performance measures.
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Course Outline>>>
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MGMT
1001 Principles of Management - 3
credits
This course deals with the role, practice, importance and social
responsibility of management in contemporary society. The topics
to be covered include: overview of the management task and
approaches to managing; nature, importance and types of
objective; fundamentals of planning; organizing for effective
performance; the control process; staffing and human resource
management; leadership and decision-making; Production and
Operations Management; social responsibility of management and
international influences on management.
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Course Outline>>>
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FINA
1001 Elements of Banking and Finance - 3 credits
The objective of this course is
to introduce students to the role of Banking and Finance in an
economy, and the unique managerial issues that confront
financial institutions. Specific topics to be covered include:
·
The Institutions
that comprise the Financial Sectors in the Eastern Caribbean
·
Organisational
Structure of Financial Institutions
· The Legal
Framework and the Legal Constraints within which Financial
Institutions operate
·
The basic
features of the Banker/Customer relationship
·
Banking Customers
and the Types of Accounts Offered
·
An Introduction
to the Services provided by banks to both Retail and Business
Sectors
·
The Lending
Function and its Origins
·
The risks to
which Financial Institutions are exposed
·
How the Banks and
the Banking System create credit and affect the Money Supply
· Why Monetary
Policy includes Regulation of the banking Systems and the means
employed
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FOUN
1001 English for Academic Purposes -
3
credits
This is a cross-disciplinary course. It is designed to provide a firm
base for Communication courses and for courses in English for
Special Purposes linked with specific disciplines. It helps
students to achieve the level of competence in written language
that is required of the university student in undergraduate
programmes.
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Course Outline>>>
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FOUN
1101 Caribbean Civilization - 3
credits
This course is designed to develop an awareness of the main process of
cultural development in Caribbean societies, highlighting the
factors, the problematic and the creative output that have fed
the emergence of Caribbean identities.
To develop a perception of the Caribbean as wider that island nations or
linguistic blocs.
To stimulate students’ interest in, and commitment to Caribbean
civilization and to further their self-determination.
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Course Outline>>>
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FOUN
1210 Science, Medicine and Technology -
3
credits
The overall aim of the course is to develop the ability of the student
to engage in an informed manner in public discourse on matters
pertaining to the impact of science, medicine and technology on
society. It is divided into two modules, Module 1 being the
Nature, Importance and Methodology of Science and Module 2 being
the Impact of Science on Society in General and on Caribbean
Societies in particular.
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Course Outline>>>
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Level 2 Courses
MKTG 2001 Principles of Marketing
- 3 credits
Prerequisites:- ECON 1003, ECON 1005, ACCT
1003
This course is designed to expose students
to the conceptual framework and principles underlying the use
and application of marketing practice. Specific emphasis is
placed on product, pricing, promotion and channel decisions by
service, public and private sector organizations to satisfy
efficiently consumer and client needs.
The course is intended to provide students
with a conceptual framework and analytical skills necessary for
the analysis of markets and marketing activities of firms in a
synamic environment.
The course introduces students to some of
the basic concepts and principles of marketing and to some
real-world marketing situations. It also takes into
consideration the unique business culture of the Caribbean.
<<<View
Course Outline>>>
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MGMT 2023 Financial Management
- 3 credits
Prerequisites:- ECON 1005, ACCT 1002, ACCT
1003
This course is intended to help students
understand and appreciate the role of finance and the financial
manager in today’s business. It addresses the issues related to
the following broad topical areas: financial environment;
analysis and planning; basic financial concepts; long-term
investment decisions; cost of capital, leverage and capital
structure; the management of working capital; sources of
long-term financing; special managerial finance topics.
The primary purpose of this course is to
introduce students to the principles of financial management and
their application to a broad variety of managerial issues. On
completion of this course, students should be able to: analyse
financial statements with a view to guiding managerial
decision-making; use financial and other information to
undertake financial planning and forecasting and analyse
alternative investment decisions and recommend superior course
of action.
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Course Outline>>>
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MGMT 3053 International Financial Management
- 3 credits
Prerequisite:- MGMT 2023
This course exposes the student to an
understanding of a range of concepts, issues and practices in
international financial management. It is intended to help
students understand the complexities of finance issues in a
global arena of fluctuating currencies, different tax structures
and economic, political and social change. The emphasis will be
on current developments in the international financial
environment; the financial risk of international business
operations and the management of such risks; as well as the
financial opportunities presented by international business and
the maximization of such opportunities. While the course
discusses theoretical points of view on the various issues, it
also draws upon both empirical evidence and examples of firms’
real world behaviour. The emphasis throughout the course is on
taking advantage of being international and minimizing the risks
of international business operations.
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FINA 2001 Regulatory Environment of Banking and
Finance - 3 credits
The objective of this course is to give
students a thorough knowledge of the major laws and regulations
governing the delivery of financial services in the Caribbean.
Particular emphasis will be placed on decided cases where
applicable. Specific topics to be covered include:
- Banker/Customer Relationships
- Bills of Exchange, including cheques
- Security (Property and its use as
Security)
- Central Bank (regulations) as a
Regulatory Agency
- The Balse Core Principles
- Anti-Money Laundering and
Anti-Terrorism Legislation
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FINA 2005 Risk Analysis and Management
- 3 credits
The objective of this course is to provide
students with a thorough understanding of the major risks
confronting financial institutions, and the techniques used to
manage these risks. Specific topics to be covered include:
- Introduction to Types of Risk
- Basic Concepts and Models of
Operational Risks
- The Specialness of Financial
Intermediaries
- Depository vs. Nondepository
Institutions
- Identifying the Risk for Insurance and
Financial Firms
- Liquidity and GAP Analysis for
Financial Institutions
- Credit risk analysis and valuation for
Financial Institutions
- Loan Portfolio Management
- The FOREX Exposure of Financial
Institutions
- Interest rate Mismatching and Hedging
- Performance Evaluation and Control for
Financial Institutions
- Compliance Programs and Internal
Audits to Reduce Risks and Exposure
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FINA 2002 Quantitative Methods for
Banking and Finance - 3 credits
Good decision-making requires sound
information and this course aims to familiarize students with
data handling and analytical skills relevant to managerial
decision-making. Specific topics to be covered include:
- Banker/Customer
- Financial Mathematics
- Descriptive and Inferential
Statistical methods
- Probabilities and Hypothesis Testing
- Anova Analysis
- Correlation/Regression Analysis
- Forecasting Techniques
- Time Series Analysis
- Linear Programming
- Simulation
- Optimisation Techniques
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FINA 2003 Information Technology for
Banking and Finance - 3 credits
The aim of this course is to provide
students with a thorough understanding of the role of IT in the
delivery of financial services and the major software packages
employed in the financial services industry. Specific topics to
be covered include:
- Computer systems in the Organisation
- Information Processing
- Data Security
- Systems Development
- Hardware and Operating Systems
- IT Applications in Banking and Finance
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FINA 2004 Portfolio Management
- 3 credits
This course covers the elements of
investments, the construction of optimal investment portfolio
using common stocks, bonds, etc. that suit the objectives of
different types of investors. Methods of measuring portfolio
performance, the risk of return trade off and the efficient
diversification of risk. Industry analyses, fixed income
securities and theories, asset valuation of interest rates and
an introduction to derivate securities are also covered. The
course also looks at issues surrounding the investment of large
pools of institutional funds such as pension funds, mutual
funds, endowments, and capital holdings of insurance companies.
As such the module is intended to provide useful material for
treasury operations asset liability management in financial
institutions and fund manager in pension funds and other
collective products. Specific topics to be covered include:
- Portfolio Principles and objectives
- Portfolio Construction
- Portfolio Management
- Portfolio Protection
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MGMT 2008 Organisational Behaviour
- 3 credits
Prerequisite:- MGMT 1001
This course builds on the foundation laid
by MGMT 1001 – Principles of Management. Its major purpose is to
expose students to different patterns of organizational
analysis; develop their understanding of the nature and dynamics
of behaviour within organizations, and how that behaviour is
managed for effective performance.
The course provides students with concepts
and tools that will assist them in designing and building
effective organizations, and in resolving organizational
problems as they arise. At the end of the course, students
should be able to demonstrate knowledge of factors that
influence an individual’s behaviour in organizations, and
knowledge of group dynamics to organizations. They should also
be able to apply strategies used for building desired
organisaitonal structures and cultures, among other skills.
<<<View
Course Outline>>>
Specific topics to be covered include:
- The nature and social roots of
knowledge about organizations
- Research methods in organizational
behaviour
- The nature, complexity and typology of
organizations
- Organizational structure and human
behaviour
- Organizational culture and career
management
- Managerial control
- Behaviour and motivation
- Leadership and interpersonal influence
- Communication
- Organizational change and development.
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MGMT 3017 Human Resources Management
- 3 credits
Prerequisite:- MGMT 2008
This course introduces students to the
organizational models and designs that will most effectively
procure, integrate, develop, protect, compensate and maintain
the human resources of the organization. Students will be
exposed to a cross-section of Caribbean cases and readings and
will analyse the implications of these practices for the
development of the region.
<<<View
Course Outline>>>
Topics to be covered in this course
include:
- Evolution of and perspectives on the
human resource management function
- Human resource management objectives
- Human resources planning
- The analysis of jobs
- Recruitment, selection and placement
- Employee training and development,
performance management and appraisal systems
- Promotions and transfer policy
- Compensation and benefits management.
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