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Banking and Finance


Banking and Finance Department

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COURSE DESCRIPTION  

ACC 101 PRINCIPLES OF ACCOUNTING 1 (2 Units)

Historical development, nature, aims and objectives of Financial Accounting. The role of Accountants, functions and relationship, with the information system of organization. Accounting concepts and conventions. Accounting bases, Principles, Double Entry Bookkeeping, Cash Book, Two (2) and Three (3) Column cash books, Ledger and double entry system account. The Trial Balance, Accruals, Prepayments, and Adjustments. Classification of Accounts. Revenue and Expenditure Account, Petty Cash Book, Bank Reconciliation Statement. Trading Profit and Loss Accounts and Balance Sheet.

CSC 111 INTRODUCTION TO COMPUTER (3 Units)

History and Development of Computer Technology. The Why and How of Computers. Computer Types: Analog, Digital, and Hybrid. Central Preparation Equipments: Keypunch, Sorter etc. Data Transmission, Nature, Speed and Error Detection. Data Capture and Validation including Error Detection. Systems Analysis and Design. The Programming Process: problem definition, flow charting and decision table.

EC0 101 PRINCIPLES OF ECONOMICS 1 (2 Units)

The Basic problem of scarcity and Choice: the Methodology of Economic Science; the General Principles of Resource Allocation; the Concepts of Optimality and Equity; Equilibrium and Disequilibrium; Micro-economics versus Macroeconomics: Demand, Supply and Price: Types of Resources Allocation Decision; Methods of Resource Allocation in an Economy: Theory of the Firm; Introduction to Welfare Economics.

INS 101 ELEMENTS OF INSURANCE (2 Units) 

Understating of risk. Risk identification, measurement device. Definitions of insurance, functions of insurance generally and specifically in a developing economy. General classes of life insurance business. Development of life insurance business in Nigeria. Pattern and types of policy. Annuities and pension and scheme. Classification of non life insurance business. Policy formals for general insurance business. The insurance market, types, participants and procedures. Insurance intermediaries and their organization business in Nigeria.

LAW 111 NIGERIA LEGAL SYSTEM 1 (2 Units) 

The sources of Nigerian Law, Doctrines of Equity, Statutes Custom case law, International Law, Treaties. Case Law and State decisions, Legislation. The Hierarchy of Nigerian Court: The Supreme Court, Court of Appeal, Federal and State High Courts, District and Customary Courts, Sharia Panel and Tribunals. The Constitution as an organized and Supreme law in a democracy. Nature of Torts and the distinction between civil and criminal liability.

FMS 101 BUSINESS MATHEMATICS 1 (3 Units) 

Mathematics and Symbolic Logic; Inductive and Deductive Systems; Concepts of Sets; Mappings and Transformation; Introduction to Complex Numbers; Introduction to Vectors; Matrix and Determinants. Discrete and Continuous Variables; The Straight Line in Various Forms; The Circle; Trigonometric Function; Logarithmic Functions; Exponential functions Maxima, Minima and Points of Inflection; Integral Calculus; Integration by Substitution and By-Parts: Expansion of Algebraic Functions; - Simple Sequences and Series.

GST 111 COMMUNICATION OF ENGLISH 1 (2 Units) 

Effective communication and writing in English, Language skills, writing of essay answers, comprehension, Sentence construction, outlines and paragraphs, collection and organization of materials and logical presentation, punctuation.

GST 113 NIGERIAN PEOPLE AND CULTURE (2 Units)

Study of Nigerian history, culture and arts in pre-colonial times, Nigerian’s perception of his world, culture areas of Nigeria and their characteristics, Evolution of Nigeria as a political unit, Indigene/settler phenomenon Concepts of trade, Economic self-reliance, Social justice, Individual and national development, Norms and values, Negative attitudes and conflicts (cultism and related vices), Re-orientation of moral Environmental problems.

GST 121 USE OF LIBRARY, STUDY SKILLS & INFORMATION TECHNOLOGY  (2 Units) 

Brief history of libraries, Library and education, University libraries and other types of libraries, Study skill (reference services).Types of library materials, using library resources including e-learning, e-materials; etc, Understanding library catalogue (card, OPAC, etc) and classification, copyright and its implications, Database resources, Bibliographic citations and referencing. Development of modern ICT, Hardware technology software technology, Input devices, Storage devices, Output devices, Communication and internet services, word processing skills (typing, etc)

GST 123 COMMUNICATION IN FRENCH (2 Units) 

Introduction to French, Alphabets and numeric for effective communication (written and oral), Conjugation and simple sentence construction based on communication approach, Sentence construction, comprehension and reading of simple texts.

GST 125 INTRODUCTION TO ENTERPRENEURALSHIP STUDIES I (2 Units) 

Introduction to entrepreneurship and new venture creation; Entrepreneurship in theory and practice; The opportunity, Forms of business, Staffing, Marketing and the new venture; Determining capital requirements, Raising capital; Financial planning and management; Starting a new business, Feasibility studies; Innovation; Legal Issues; Insurance and environmental considerations. Possible business opportunities in Nigeria.

BKF 112 MICRO AND SMALL BUSINESS FINANCE (3 Units) 

The course covers the problem of provision of micro credit and the financial problems of small business in the economy. Topic covered include sources, acquisition and use of capital by small business, financial analysis relating to income, repayment of capital and risk management, leasing and other finance alternatives, the role of small business in the economy required government assistance, how micro credit can be effectively provided and the provision of finance by credit institutions as well as the non-financial components to make finance be productively employed.

ACC 102 PRINCIPLES OF ACCOUNTING (2 Units) 

Subsidiary ledgers: Sales Journal, Purchases Journal, Returns Inward and Outward Journal, Journal Proper, Comprehensive Review of Accounting Cycle in relation to Accounting Equation. Establishment of Accounting Families; Expansion and contraction of Accounting Equation i.e. A=L + C+ [(R – E)] to A= L + C.: Manufacturing Accounts, Depreciation Methods, Provision for Bad Debts, correction of errors, Incomplete Records (Single Entry bookkeeping), Control Accounts.

CSC 102 COMPUTER APPLICATION (3 Units)

Introduction to Basic programming. Data types: Constant and variables. Statement types; assignment statements, Input – output statements, control statements.

EC0 102 PRINCIPLES OF ECONOMICS II (3 Units)

Introduction to Macroeconomics: National Income Determination; the Public Sector in the National Economy; Macroeconomics Policy Objectives and Instruments; Introduction to Money and Banking, Introduction to Economic Growth and Development. Trade Politics with Particular reference to Nigeria.

INS 102 PRINCIPLES & PRACTICE OF INSURANCE (2 Units) 

General Functions of Insurance, Basic principles of Insurance e.g. Utmost Good Faith; Insurable Interest; Indemnity; Subrogation; Contribution; Proximate Cause; Physical and Moral hazard; the practice in Nigeria.

LAW 112 NIGERIA LEGAL SYSTEMS II (2 Units) 

Jurisdictions and Venues, Locus Standi and its application, the doctrine of judicial precedent, stare decisis, Law of Tort, Law od Contract, Common Law and Statutory Law.

MKT 101 INTRODUCTION TO MARKETING I (2 Units) 

The objectives of this foundation course in marketing is to provide students with an understanding of the development of marketing and its changing the business, industry and society. Origin, nature and meaning of marketing, definitions of marketing, scope of marketing, Historical Development of Marketing, Marketing evolutions, Importance of Marketing, Roles of Marketing, Criticisms of Marketing.

FMS 102 BUSINESS MATHEMATICS II (3 Unit) 

Sequence and series (limited to arithmetic and geometric progressions. Simple and Compound Interests, Present Value of Simple Amount, Present Value of a Compound Amount. Annuities: e.g Ordinary and Annuity due sum of an Ordinary Annuity (Sinking Funds). Differentiation, meaning of slope or Gradient or Derivative rules of differentiating the following function, exponential. Applications of a differentiation e.g. finding marginal; elasticity, maximum and minimum values. integration, Rules for integrating simple function only. Applications of integration in business e.g. finding total functions from marginal functions, determination of Consumer and Producer’s surplus.   

GST 102 FUNDAMENTAL PHILOSOPHY (1 Unit)

The basic of Philosophy reflect the cultural predispositions for an assent to truth, the essence of being, existence and history. Thus an attempt at definition of philosophy, philosophy of the sciences, philosophy of value, theories of truth and general meneistics pave the way for and understanding of philosophy as systematic (system as well ordered whole; systemic as system theories about self organization in nature and science), which by all interest for the categorical (finite, temporal) realities, is open ended for the absolute difference. Thus, Fundamental Philosophy can only be possible with the backdrop of meneistcs and hermeneutic; without meneistics a philosophical contention might remain elusive without hermeneutic a syntactic exercise in futility.

GST 112 LOGIC, PHILOSOPHY & HUMAN EXISTENCE (2 Units)

A brief survey of the main branches of Philosophy Symbolic Logic Special symbols in symbolic Logic-conjunction, negation, affirmation, disjunction, equivalent and conditional statements law of tort. The method of deduction using rules of inference and bi-conditionals qualification theory. Types of discourse, Nature or arguments, Validity and soundness; Techniques for evaluating arguments; Distinction between inductive and deductive interferences; etc. (illustrations will be taken from familiar texts, Including Literature materials, Novels, Law report and newspaper publications)

GST 122 COMMUNICATION IN ENGLISH II (2 Units)

Logical presentation of papers, Phonetics, Instruction on lexis, Art of public speaking and oral communication, Figures of speech, précis, Report writing.

GST 142 COMMUNICATION IN GERMAN (1 Unit)

Course Objective: only a semester course; it is meant as an Introduction to German as a new foreign language for beginners. Through this course the student ought to be able to identify German optically in the written form and auditively in the spoken form from all other languages. He/She is to be equipped to speak and express him/herself in German in the commonest circumstances of simple dialogue, but must also be familiar with basic syntax and grammatical rules for further progress in the given language, especially for apprehension and appreciation of simple literary texts.


BKF 201 INTRODUCTION TO FINANCE I (3 Units) 

Nature and Scope of Finance: Meaning of Finance, the finance function, Goal of the Firm, Finance and Related Disciplines, the Role of Financial Managers, Finance Decisions and Risk Return Trade off, Finance in the Organization Structure of the Firm. Basic Forms of Business organizations: sources of Business Finance; Introduction of Financial Analysis; Profit Planning; Financial Analysis; Profit Planning; Financial Forecasting; and Introduction to Working Capital Management.

ACC 201 FINANCIAL ACCOUNTING I (2 Units)

The Nature and Scope of Accounting: the Functions of Accountants. The Accounting Function and its Relationship with the Information System of Organizations. Accounting Procedure and System: Double Entry Book keeping Systems, the Trial Balance, Accruals, Prepayment and Adjustments: Classification of Expenditure between Capital and Revenue. Methods of Recording Accounting Data: Manual and Mechanical. Trading and Profit and Loss Accounts and Balance Sheets of a sole trader; Accounting Treatment of control Accounts and Bank Reconciliations.

ACC 217 INTRODUCTION TO COST & MGT. ACCOUNTING (3 Units) 

The meaning of Cost Accounting. The purpose of cost Accounting. The difference between cost accounting, cost objective object with examples. Cost drivers with illustrations. Cost allocation and attainments. Cost units and cost centres. Interaction between financial, cost and management accounting. Cost classifications Elements of costs. Direct, Indirect. Overhead cost.

Concept of contribution in cost accounting. Cost accounting methods: Standard costing, process costing, contract costing. Job order and process cost accounting. Marginal Cost, Standard Cost and budgetary control profit analysis

EC0 201 MICRO ECONOMIC THEORY (2 Units) 

Microeconomic theory concepts; problems of scarce resources and allocation of resources in product and factor markets with applications to Nigeria and other economics, equilibrium and disequilibrium analysis, supply and demand theory, cobweb theory, consumer behavior, utility and preference functions, indifference curves, substitution and income effects.

BKF 203 COMMODITY EXCHANGE AND FUTURE MARKET (2 Units)

Introduction, Types of exchanges, concept of commodity exchange and future market, evolution of commodity exchange and future market, objective of commodity exchange market, organization and management, regulatory guideline for the operational and future market, types and characteristics of future markets, future contract, options contract, forwards contracts, derivatives of variants of future market foreign currency futures, stock index futures, interest rates futures swaps, future pricing mechanism, an overview of commodity exchange and future market in Nigeria, Abuja commodity exchange, major commodities traded in Abuja commodity exchange, prospects of commodity exchange and future market in Nigeria.

STA 201 INTRODUCTION TO STATISTICS I (3 Units) 

Nature of Statistics, Statistical Inquires Forms and Design. The Role of Statistics, Basic Concepts in Statistics, Discrete and Continuous Variable, Functional Relationships, Sources of Data, Methods of Collecting Primary Data, Presentation of Statistical Data, Measures of Central Tendency, Measures of Dispersion, Moments, Skewness and Kurtosis, Elementary Probability Distribution. Normal Binomial, Poisson and Hyper-geometric. Elementary Sampling Theory, Estimation, Theory, Student’s Distribution, Statistical Decision Theory, Tests of Hypotheses for small and large Samples, Chi-square Distribution and Test of Goodness of Fit, Linear Regression. Correlation Theory, Index, Numbers, Time Series and Analysis of Time Series.

GST 211 FUNDAMENTAL THEOLOGY (1 Unit) 

Fundamental Theology discusses the basic themes to Christian knowledge about God as public discourse, thus not in the form of a catechism of apologetics. Basic truths of Christian faith in open disposition to the world. This leads from Classical Apologetics through Vat. 11 to Fundamental. Theology. Classical Apologetics by the Fathers of the Church remained cases of defensor fidei that is to say, in confrontational language to other systems of meaning within history, to recalcitrant powers persecuting the Church etc. Fundamental Theology does not remain merely on the defensive or on the offensive in the face of the European Project of Enlightenment. Faith and reason need to understand each other, like in Anselm’s earlier project of fides quarens intellectu.

GST 215 INTRODUCTION TO ENTERPRENEURALSHIP STUDIES II (2 Units) 

Introduction to entrepreneuralship and new venture creation; Entrepreneuralship in theory and practice, The opportunity, Forms of business, Staffing, Marketing and the new venture; Determining capital requirements, Raising capital; Financial planning and management; Starting a new business, Feasibilities studies; Innovation; Legal Issues; Insurance and environmental considerations. Possible business opportunities in Nigeria.

GST 221 HISTORY AND PHILOSOPHY OF SCIENCE (2 Units) 

Man – his origin and nature, Man and his cosmic environment, Scientific methodology, Science and technology in the society and service of man, Renewable and non- renewable resources-man and his energy resources, Environmental effect of chemical plastics, Textiles, Wastes and other material, Chemical and radiochemical hazards. Introduction to the various areas of science and technology. Elements of environmental studies.

BKF 202 ELEMENTS OF BANKING (3 Units) 

The Business of Banking. The Development of Money, Historical Development of Banking, The Central Bank of Nigeria, The Nigeria Banking structure, Saving and Investment, The Nigerian Money Market, Bank’s Balance Sheet, Organizational Structure of Clearing Bank, Bills of Exchange Cheques, Methods of Payment through the Banking System, Bank Customers, Bank Accounts Services for the Exporters and Importers, Bank lending. Interpreting the Accounts of Customers and the Banker’s Institute (The Chartered Institute of Bankers of Nigeria (CIBN)

BKF 222 BANKING ETHICS & PROFESSIONALISM (2 Units) 

  - Ethics Nature and Concept

  - Principles of business morality

  - The ethical banker are code of ethics

  - Whistle blowing loyalty

  - Special responsibilities of managers and staff in a firm

  - Special responsibilities of stakeholders

  - Offences under BOFID, NDIC money Laundering 419, Bank-Act.

  - Frauds and Misconducts.

ACC 202 FINANCIAL ACCOUNTING II (2 Units) 

Distinction between Partnership and Limited Liability Companies. Various classes of share capital. Articles and Memorandum of Association. Application and allotment of shares, calls in advance, calls in arrears. Forfeiture of shares. Redemption of shares and debentures. Stock Exchange and legislative requirements. Stock valuation, (SAS 4) types of stock and methods of valuation: LIFO, FIFO, Simple Weighted Average, Replacement Method.

EC0 202 MACRO ECONOMICS THEORY (2 Units) 

Quality theory of money; portfolio balance approach; Friedman’s restatement and liquidity theory; money supply determination, inflation, controls, employment and unemployment, commercial banking and other banking.

BAM 208 INTRODUCTION TO BUSINESS (3 Units) 

A study of the nature of business organizations. The character of business from a social, legal and economic perspectives. Scope of business, Definition of business, External properties of business, Role of business, Types of economic systems. Why study business. Forms of ownership: Sole proprietorship, Partnership, Joint Stock Company, Statutory Corporations/Public Enterprises, and Cooperative Societies. Management and Organization: Nature of management, Functions of Management, Line and Staff function in organizations. Production: types of production, Production Processes. Marketing: Marketing concepts, marketing functions. Finance: Types of shares. Accounting: Purpose of accounting, principles of accounting, Double entry bookkeeping, Day books, Ledger accounts, The Trial Balance, Profit and Loss Account, Balance Sheet.

BAM 262 BUSINESS COMMUNICATION (2 Units) 

The meaning and role of communication in business organizations. Upward and downward communications. Communications barriers. Communications and electronic information processing systems. The Telecommunications link, modems, microwaves, fibre optic cable and its advantages. Types of communication using new technology. The Telephone, fax machine, and computers linked into Wide Area Networks WANS. Electronic mail, e-mail, EDI Electronic Data Interchange. The Internet. The information super highways Local area network (LANS).

STA 202 INTRODUCTION TO STATISTICS II (3 Units) 

Probability Theory, Stochastic variables, multiplication and addition rules, formulations and combinations, Bayes Theory. Discrete and continuous probability distributions as used in business, e.g Binomial, Multinomial, Regression and Correlation. Sampling: Types and methods, Points and Interval Estimations, Index numbers, Bayesian analysis: Payoff tables, Decision Trees, Analysis of Variance, Quality control in business, Decision Theory, Parametric and Non-parametric statistics; Distinctions and application in business.

GST 222 PEACE AND CONFLICT RESOLUTION (2 Units)   

Basic Concepts in peace studies and conflict resolution, peace as vehicle of unity and development, conflict issues, Types of conflicts and Ethnic, e.g. Ethnic/religious/political/economic conflicts, Root casus of conflicts and violence in Africa, Indigene/settler phenomenon, peace – building, Management of conflict and security. Elements of peace studies and conflict resolution, Developing a culture of peace, peace mediation and peace-keeping Alternative Dispute Resolution (ADR). Dialogue/arbitration in conflict resolution, Role of international organizations in conflict resolution, e.g. ECOWAS, African Union, United Nations, etc.

GST 224 FUNDAMENTAL ETHICS (1 Unit) 

The meaning of ethics, The goal of Ethics; The modesty of human conduct, ethics and related disciplines, the subject matter of Ethics, The human act & the ‘act of man’, Enlightened intellect, Deliberate will, Freedom, Responsibility of human act, Modifiers of the human act: Determinants of value, The goal of human life, Major Ethical theories and the goal of human life, Utilitarianism, Pragmatism, Situationism, Existentialism etc., happiness of the good as the of human life Characteristics of the good, Road to Happiness:, Conscience, Truthfulness, Right and Duties, Natural Virtues e.g justice, temperance, fortitude, prudence and theological virtues, particular virtue (patience), chastity (easy virtue).

GST 252 BIOETHICS (1 Unit) 

Meaning of Bioethics, its nature, history and scope. Meaning of ethics-general or meta-ethics, kinds of ethics. Some bioethical principles and ethical terms-respect for autonomy, non-maleficience/efficiency, human respect and dignity. Bioethics and bio-medical ethics. Issues/trends of abortion, euthanasia, suicide etc, Artificial insemination/reproduction and the “Elele Gift” scenario. Human genetic modification/engineering, reproductive technologies, human cloning; human fertilization and sterilization. Embryonic stem cell research and therapy, HIV/AIDS, homosexuality, lesbianism and bioethics. Bioethics and religious views (Catholic & Muslim). Igbo/Edeh’s concept of man and life and bioethical discourse; Drug experimentation on human beings and bioethical/ bioecological/ waste management.


BKF 313 MATHEMATICS OF FINANCE (2 Unit) 

Solution of equation of first degree. Logarithms. Compounding and Discounting simple and compound interest. Time diagram Equations of value, Annuities, Amortization and sinking funds. Derivation of bond yields. Depreciation. Life insurance and policy reserves.

BKF 321 PRACTICE OF BANKING (3 Units) 

Introduction: Banks in Nigeria: Banker and Customer Relationship; Accounts of Customers; Negotiable Instruments; Duties of the Paying Banker; Duties of the collecting Banker; other Services offered by Banks: Relationships with limited Liabilities Companies; Bankruptcy. Securities for Bankers Advances; Securities and Loan Recovery, Land and Security. Life Policies and Stock/ Shares Guarantees, Debentures; other securities.

(1)Liabilities of the Paying Banker

Countermand of payment, Undated cheques, Ante-dating, Stale cheques, Post-dated cheques, Irregularity of instrument, Legal bar towards payment, The paying Banker, Conditions for paying a cheque, Conditions for dishonoring a cheque, Banking Securities. Why do we take securities? The canons of lending,

Marketing of various financial services. Factoring, leasing, hire purchase and development of products and services to satisfy market needs.

BKF 325 COMPARATIVE BANKING (3 Units) 

Political economy of banking under capitalism. Banks, Banking and socialism. Universal banking, Inter-country comparison of regulations and conduct of banks. Inter-temporal comparison of banking in Nigeria.

BKF 393 RESEARCH METHODOLOGY (3 Units) 

Skills of Scientific Investigation, Information Gathering, Analysis and interpretation in dealing with business and organizational behavior problem in Nigeria: the art of problem identification and analysis data gathering, analysis and reporting writing: the problems and prospects of business research in a seller’s market like Nigeria.

BAM 307 ELEMENTS OF MANAGEMENT (3 Units) 

Basic Concept in Management: Management principles, Functions of the manager. Planning: nature and purpose. Organization: nature and purpose. Span of Management, Departmentation, Line and Staff Authority, Service Departments.

BAM 321 QUANTITATIVE TECHNIQUES (2 Units) 

Introduction to Linear Programming: the Simplex Method and Graphical Method of Solution. Network Analysis. Queuing Theory, Mankov Chain, Transportation Model, Algorithm, Matrices and Decision Tree, Assignment Problems.

LAW 311 COMMERCIAL LAW (3 Units) 

The Nigerian Legal System: Sources of Nigerian Law; Hierarchy of Nigerian Court, Commercial Arbitration.

Law of Contracts; Commercial Contracts; Commercial Relations between Persons; Unfair Competition. Passing off and “Trade Libel”. 

Company Law: Introduction to Company Law. Powers and Functions Directors. Introduction to Taxation Laws.

BKF 312 FINANCIAL SYSTEM (3 Units) 

The Central Bank, Commercial Banks, Merchant Banks, Development Banks, Investment Companies, Insurance Companies etc. Role, Function, Evolution Structure and Performance. Rural Banking, Marketing of Bank Services Financial Markets, Role Function, Structure and Performance, Comparative Banking and Financial Services. International Financial System. Universal Banks.

BKF 314 FINANCIAL MANAGEMENT (3 Units) 

The nature, scope and purpose of financial management. Sources and cost of short, medium and long term finance-common stock, sources of funds and problems of financing new enterprises. Capital Budgeting. Management of working capital. Analysis and interpretation of basic financial ratios. Profit planning and planning techniques. Business merges and take over; determinants and implication of dividend policy; valuation of shares assets and enterprises. Risks of finance and methods of avoiding them. Types of risks in financial decision. Banking systems and industrial finance, mortgage finance, capital structure and cost of capital, determinants of corporate profit expectations. Inflation and financial Management. Earnings forecasting under stable and unstable conditions. Forecasting under risk.

BKF 322 BANKING RULES & REGULATIONS (3 Units)

Needs for, nature and forms of bank regulations. Regulatory Agencies, their evolution and functions. Critical aspects of banking practices subject to control current status of banking regulations in Nigeria. Banking Laws and Regulations and their effect on Bank Performance Ethics of banking.

BKF 326 BANKING METHODS AND PROCESSES (3 Units) 

Banking and the mechanism, mode and methods of payment. Evolution of banking methods and processes. Instruments of payments in the banking system. Clearing houses. Electronic and remote control. Funds transfer system, social aspects of banking processes.

BKF 342 MONEY AND BANKING (2 Units) 

Barter System and primitive currency, Monetary standards, commodity, non-commodity, Evolution of CBN, Commercial and Merchant Banks, Balance of Payment, the role of IMF in International trade, Monetary theory and money aggregates.

BKF 346 MONETARY THEORY AND POLICY (3 Units) 

The structure and functions of financial systems and markets. General outline of Financial Institution, markets and their roles, competition between banks and other financial institutions. Theory of money, money supply and demand. Demand and Supply of Financial Assets. Determination of money stock interest and prices. Stabilization Policies: Monetary Policy, techniques, and efforts. Policy objectives, conflicts trade off and coordination. International Adjustment and Liquidity.

PAD 322 ELEMENTS OF GOVERNMENT (3 Units)

Nature of Policies: Society and Social Organization: The State. The Problem of Law; Constitution and Constitutionalism; Political Ideology. The Classical Heritage, Plato, Aristotle; Solecism and Pax Romanica: Revolt, Towards the Mass Man. Organs of Government (National Governmental Institutions); Public Administration; Political Parties and Pressure Groups; Public Opinion and Propaganda; Elections; International Order.


BKF 411 INTERNATIONAL FINANCE (3 Units) 

Introduction to International trade. Balance of payments and its adjustments. Foreign exchange market and its efficiency. Theory and practice of devaluation. International Financial Institutions and market. Functions, Features, Instruments, Structures, and performance. International Capital Flows external debt and financing, portfolio and foreign direct investment.

BKF 415 MARKETING OF FINANCIAL SERVICE (3 Units)

The concepts of “Marketing” “Financial Services” Marketing Review and the Role of Marketing in the Service Industry; Consumer Behavior and Decision Process: Segmentation, Targeting. Positioning etc; Services and Customer Orientation; Financial Services Development and Management; Marketing Channels and the Effects of Technology, Pricing, Profitability. Decision Making Communication (IMC): Advertising, Branding, Sales Promotion, Sponsorships, Events in the Financial Services Industry, Building Marketing Staff Retention and Loyalty: Competitive Strategies in the Financial Services Industry. Globalization. External Environment Factors and their impact on the Financial Services Industry.

BKF 417 PUBLIC FINANCE (2 Units) 

The structure of the public sector, basic characteristics of public goods, the concept of market failure; non exclusion principles and the free rider problem. The theory of public expenditure, determinants and implication of public expenditure. Government budget the budget cycle, functions and development of modern budgeting control of government expenditure, the role of the ministries, the treasury, the legislature and the general public in the control government expenditure.

BKF 419 CORPORATE FINANCE (2 Units) 

Income and Balance Sheet Statement, Capital Structure of a Corporation, Financial Planning (profit planning and financial forecasting) ,Capital Budgeting and Investment Decisions, Sources and uses of Funds (Fund Flow statement corporate restructuring),Definition, type and importance of strategy including the relationship between corporate capital and financial strategy, Impact and effects of government regulations on mergers acquisition, Equipment funding (leasing etc), Management of cash and marketable securities, Dividend policy and share value, Cash budgeting, Participants in the capital market, Regulation and facilities in the capital market Methods and procedures for raising new issues,

Analysis of financial statements.

BKF 421 INVESTMENT BANKING (3 Units) 

Evolution of Merchant and Development Banks. Distinguishing features and functions of Merchant/Development banking. Laws and Regulations guiding Merchant/Development banking. Control of Merchant/Development Banks. Merchant bank Methods and Processes. Structure and performance in Nigeria of Merchant/Development Bank. Syndication. Merchant/Development Banks International Operations.

BKF 423 BANK LENDING AND LOAN ADMINISTRATIVE (3 Units)

Objective of Bank Lending and credit administration. Lending Appraisal and Decisions. Types f loans, and constraints on bank lending. Pricing of loan. Loan supervision and security. Problems of default and bad debts.

BAM 431 BUSINESS POLICY 1 (3 Units)

Concepts of strategy in relation to business, Corporations, and Management. Linkage between organization and their environments. Concept of policies, decision-making, business objectives, performance criteria, structure, and managerial behaviours. Practice in calculating data and other accounting information, learning the behavioral implications of courses of action. Analyzing a firm’s opportunities and threat strengths and weaknesses. Selecting strategies and structure of public Liability Companies from their publishes annual reports. Developing clear business objectives, setting clear strategies and policies, and presenting structures that are capable of being used in implementing chosen strategies.

BKF 436 CAPITAL MARKET & PORTFOLIOTHEORY (3 Units)

Study of portfolio selection and management. Risk and Returns. Potential profitability of various investments, forecasting returns on individual portfolios. Stock Exchange: Growth, Structure, performance in Nigeria. Capital Market theory and current state of empirical evidence of Models for evaluation portfolio performance.

BKF 492 RESEARCH PROJECT (6 Units)

Students are assigned topics from the various aspects of Finance i.e. financial Management, Investment, International Finance, Public Finance, Insurance, Banking etc.

BKF 494 PROJECT EVALUATION (3 Units)

Project; concept and dimensions; project cycle, techniques of project identification. Elements of project analysis: Assessment of private profitability. Cash flow dimensions; Analysis of risk and uncertainty; project evaluation and review techniques (P. E.R.T.). Project Implementation Assessment of social profitability. Cost and benefit analysis.

BAM 422 ANALYSIS OF BUSINESS DECISION (3 Units)

Elements of Decision Analysis, Types of Decision Situations, Decision Trees, Operational Research Approach to Decision Analysis; Systems and System Analysis Modeling in Operations Research Simulation. Mathematical Programming. Transportation Model, Assignment Model; Conflict Analysis and Game Theory.

BAM 432 BUSINESS POLICY II (3 Units)

Organic Business functions of marketing production, finance and personnel in Nigeria. Management process of corporate planning budgeting and control, business performance appraisal, managing by objectives, motivating group and individual efforts, and generally relating an organization to the changes taking place in its environment. Predicting the dynamic environment. Impact or environmental changes on the strategies and performance of a firm. Analysis of the role of employee managerial behavior in success or failure of strategy implementation. Integrated Analysis. Recent developments affecting the strategy formulation and implementation processes of firms in Nigeria.

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ADDRESS
1 Madonna University Road
P.M.B 05 Elele,
Rivers State Nigeria,
Okija, Anambra State Nigeria,
Akpugo, Enugu State Nigeria 

CONTACTS
Email: registrar@madonnauniversity.edu.ng
info@madonnauniversity.edu.ng
Phone: 08137180957, 08078130033,
08078129083, 08135955826,
08148396740, 07082137027.