Explores the manner in which the overall levels of output, income, employment, and prices are determined in a capitalist economy. The focus is on the forces that act to shape these factors and determine their fluctuations. The role of governments, the influence of fiscal and monetary policy on the level of economic activity are also major areas of study. The impact of international transactions, globalization, and trade on the UAE national economy is discussed.
Managerial Economics
Managerial Economics involves the fundamental application of economic theories and concepts for managerial and administrative decision making. Key economic theories on the consumer, firm, demand, production, cost, economic models, and marginal analysis will be reviewed. The increased understanding of microeconomics and its analytical tools such as forecasting, regression, and linear programming will sharpen the student’s ability to identify and solve real-life business problems. Computer applications are required
Money and Banking
This course is designed for students in the Finance concentration. It consists of a broad overview of the basic concept of money and the financial system, interest rates, financial instruments, and financial markets. Furthermore, this course will lead to the understanding of financial institutions, the role, and structure of central banks and their monetary policies. The course will also address modern monetary economics and Islamic banking.
Microeconomics
Examines the role of economic systems in allocating scarce resources to satisfy the needs and wants of individual members of society. After a brief exposure to alternative economic systems, the focus becomes the nature and performance of free-market capitalism. Primary emphasis is placed upon the development of models that explain the behavior of consumers, producers, and resource suppliers in various market structures. The course also focuses on the definition, scope, and fundamental problems in economics, types of economic systems, and market failure.
Small Business Management
Focuses on the factors that contribute to the personal success of small business operators and affect successful enterprises in the UAE. Case studies and contemporary readings are used. International considerations are included.
Family Business Management
Explores the dynamics associated with family firms with an emphasis on the environment in which UAE family businesses operate. The course will explore and analyze the manner in which family businesses are governed and managed with particular attention paid to issues of succession and continuity. The course utilizes both class speakers with family business backgrounds as well as tailored case studies.
International Business
Designed to provide students with an initial examination of the differences between business in a domestic context and business in an international context. It will also include some exposure to basic concepts that are deemed important in understanding how international business works. These concepts include importing, exporting, political, cultural and social environments considerations trade theory, government influence on trade and global management strategy
Managing Quality
Addresses all aspects of quality which is a crucial component for ensuring ultimate customer satisfaction, efficient resource allocation, and effective Human Resource Management. Students will gain a strong understanding of the basic concepts associated with achieving consistently high levels of quality in a variety of organizational settings. Areas addressed include various approaches to quality management, quality-related planning, and statistical processes as well as the efforts underway in the UAE to ensure a culture of quality permeates all organizations. Methodologies associated with Total Quality Management form the foundation of the coursework.
Business Policy and Strategy
Business capstone course has an interdisciplinary approach to the study of the process of strategic management which includes strategic analysis, planning, implementation, evaluation, and control from the perspective of top management in profit-making corporations and public and non-profit international organizations. Text and case studies are used extensively.
Business Law I
Familiarize the students opting for the business courses with the basic outline of the laws relating to contracts, sales, agency, bailment, tort, and cyber. In addition, ethical issues related to the business are also discussed. This course will create awareness and highlight the legal issues that may affect business operations. A section covering the UAE Business Law will be examined.