UNIVERSITY OF MAIDUGURI

Transcription

1 UNIVERSITY OF MAIDUGURI POSTGRADUATE PROSPECTUS

2 FACULTY OF MANAGEMENT SCIENCES UNIVERSITY OF MAIDUGURI POSTGRADUATE STUDENTS HANDBOOK AND PROSPECTUS - 2 -

3 UNIVERSITY OF MAIDUGURI FACULTY OF MANAGEMENT SCIENCES DEPARTMENT OF FINANCE MASTER OF SCIENCE (M.Sc) DEGREE PROGRAMME IN BANKING AND FINANCE: Faculty: Management sciences Department: Finance Nomenclature: MSc. Finance and M.Sc. Banking Nature of Programme: Full time Philosophy The philosophy guiding this programme is to broadening and deepening the intellectual exposure of students in core Banking and Finance courses so as to develop their capacity to undertake in-depth Post Graduate research in any of the core areas of the discipline. Objective of the programme The MSc programme is designed to train and develop prospective academic researchers and specialists in financial institutions and markets by providing thorough background in the intellectual traditions of the discipline. Entry Qualification Candidate must have good Honours degree (at least second class) in Business Administration, Banking and/or Finance from a recognized University. Course structure: The MSc programme requires a minimum of 40 credit units made up as following a. Eleven core courses 24 units b. Three elective courses 6 units c. M.Sc. Research Seminars 10 units Total units 40 units Core courses S/no Course Course Title Credit unit Semester - 3 -

4 code 1 FIN800 Research Methodology 3 First 2 FIN 802 Entrepreneurship Development 3 First 3 FIN 804 Computer Applications 2 First 4 FIN 801 Economic Theory 2 Second 5 FIN 803 Quantitative Analysis 2 Second 6 FIN 805 M.Sc. Seminar 2 Second 7 FIN 899 M.Sc. Research Seminars 10 Second 8 FIN 810 Corporate finance 2 First 9 FIN 812 Regulation of financial institutions 2 First 10 F1N 814 Basic Econometrics 2 First 11 Fl N 811 Theory of Financial intermediation 2 Second 12 F1N 813 Management of financial institutions 2 Second Elective Courses Choose any three courses from areas of concentration (BI) finance and (B2) Banking. (BI) Finance S/no Course Course Title Credit Semester code units 1 FIN 820 International business Finance 2 First 2 FIN 821 Derivatives Securities and Markets 2 Second 3 FIN 822 Investment Analysis and Portfolio 2 First Management 4 FIN 823 Micro and Small Business Finance 2 Second 5 F1N 824 Public Sector Financial Management 2 First 6 MGT810 Management Theory 2 First 8 MKT810 Marketing theory 2 First (B2) Banking S/no Course Course Title Credit Semester code units 1 FIN 825 International Banking and Finance 2 Second - 4 -

5 2 F1N 826 Bank Lending and Credit administration 2 First 3 F1N 827 Marketing of Financial Services 2 Second 4 F1N 828 Financial Planning and Control 2 First 5 MGT810 Management Theory 2 First 8 MKT810 Marketing theory 2 First Course Description FIN 800: Research Methodology The course is designed to train students in the skill of scientific information gathering, analysis and interpretation in dealing with problems in Business Administration. Topics to be covered include the following: Meaning and nature of research; comparison between research common sense and science; Types of research; the research cycle; selecting research topics, problem and hypotheses formulation, Research design; research instruments and Data collection, Data Analysis and interpretation; research report, Research and the issues of relevance; ethical issues in research. FIN 802: Entrepreneurship Development This course is designed to teach students how to start and invest in a new company and how to manage an existing business. It is intended to provide exposure to new venture, to illustrate stark realities (and rewards tools) of an entrepreneurial career and to describe and analyze problems of businesses. Various methods of financing small and medium firms with particular emphasis on a development of a business plan, how to raise fund, at what costs and from whom. Problems facing a new or existing enterprise such as marketing, production, personnel development and strategies will also be examined. FIN 804: Computer Applications The course aims to expose students to a relatively high knowledge regarding computer usage and applications. Topics to be covered include introduction to basic programming, data types, constant and variables statements assignment statements input-output statement, control statement. FIN 801: Economic Theory This course distinguishes between micro-economic which is deals with individual and firms and macro-economic which deals with aggregates within the economy. Topics to be covered are basic economic concepts such as opportunity costs, time preferences, marginal analysis, comparative advantage, the nature of profit in the context of any comparative market - 5 -

6 economy. Others are national income analysis, money and inflation, international trade and finance, government interference, and major past and present economic doctrines. FIN 803: Quantitative Analysis The course seeks to expose students to the use of quantitative techniques in business management theories and practices. Some of the topics to be covered, among others, include games theory, linear programming, network analysis, dynamic programming, decision theories, structural equation modeling, inventory models, and queuing models, among others. Specifically, the course has been designed to enable students study and apply quantitative techniques in research and business decision-making situations, emphasizing multivariate quantitative methods, optimization and stochastic techniques relevant in understanding and solving business management problems. FIN 805: M.Sc. Seminars in Finance This seminar introduces students to the most recent research in the area of Finance and Investment, examining current issues and trends. Students have an opportunity to present and discuss their own research and actively engage in the analysis and discussion of the work of others. Each student is expected to make at least one presentation during the course, focusing on the formulation, design, execution and results of his/her research. FIN 899: M.Sc. Research Seminars - Candidates are hereby required to make at least two well-researched seminar presentations. The first presentation is the thesis proposal if the approved proposal is completed. The presentation will emphasize the actual result of the students research work. FIN 810: Corporate Finance The nature of the firm and corporate objectives, implementation of the firms goals for choice among alternative investment projects (the capital budgeting problems), market evaluation of non assets under uncertainty and implication for capital budgeting, analysis and illustration with problems of alternative investment criteria, alternative approaches to value of the firm and the cost of capital; discussion of corporate financial problems; e.g. leasing, mergers and acquisitions, and issuance of new securities. FIN 812: Regulations of Financial Institutions An advanced treatment of fiscal and monetary policy issues in respect of economic stabilization measures. The instruments and targets of fiscal and monetary policies and theory impacts on macroeconomic aggregates including unemployment, income levels, inflation etc. regulatory institutions in domestic and international economic environment such as the CBN, NDIC/FDIC, IMF etc. as they affect national and international economic development

7 FIN 814: Basic Econometrics In this introduction to Econometrics, topics to be covered include: the study of the specification of econometric models in economics and finance theory, stochastic disturbances, and the link between conceptual variables and observable economic data are combined. Other topics include: estimation of single equation linear; non-linear models by least squares (OLS) and other methods and estimation of time -series models and simultaneous equation models. Particular attention is given to specifications of problems and errors, and the application of the various tools to aid analysis in finance. FIN 811: Theory of Financial Intermediation The course analysis financial markets conceptually and theoretically, emphasizing the role, structure and. activities of financial intermediaries. The dynamic pattern of financial flows is analyzed by flour of funds, ad uses/sources of funds, models of the process of financial intermediation and the theory of the banking firm. The crucial role of interest rate and structure of interest rates are analyzed. Also analyzed are the regulatory framework and its impact on banking operations, market structure and performance of the financial intermediation functions of the institutions. International Business Finance covers overview of the international financial system; international banking and financial market, including the foreign exchange risks and management practices by international businesses; Euro-banks and Euro-financing; financing methods in international trade; international, financial management, capital budgeting, project finance, and transfer pricing by multinational corporations, foreign direct investment, multilateral investment, guarantee and investment codes; intentional business operations in the context of changing global financial developments. Derivative Securities and Markets The rapid and extreme development in financial services industry demand that graduates in finance be exposed to financial innovations in recent years. The course in derivatives markets fulfils this requirement. The course introduces the students to the concepts types, operations and regulatory framework of financial derivatives markets. It covers traded options, futures/future contracts, forwards, swaps, derivatives exchanges and traded systems. Investment Analyses and Portfolio Management The study covers portfolio selection as problem of constrained utility maximization under conditions of uncertainty; Discussion of the different markets, along empirical evidence for validity of the theory; activities involved in making selection among alternative financial - 7 -

8 assets from the viewpoints of individuals and institutional investors; implications of the efficient market theory for the profitability o1altemative investment; valuation of financial statements and analysis. The empirical evidence for various mean variance models of assets for evaluating portfolio performances are emphasized. Micro and Small Business Finance The course covers the problem of provision of microcredit and the financial problems of small business in the economy. Topics covered include: sources, acquisition and use of capital by small businesses; 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 microcredit 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. Public Sector Financial Management This covers the procedure for estimation and control of government expenditure and the raising of revenue; estimation of expenditure, authorization of expenditure and accounting processes for planning public expenditure; efficiency of government expenditure; measurement of efficiency of government expenditure; objective functions of government expenditure; the planning programming Budgeting system and other budgeting systems as an approach to cost effectiveness appraisal of government expenditure. Also included are: the multi-nature of public sector- federal state and local authorities and the financial relationship, between government units; fiscal federalism, local government fiancé rates, borrowing, federal/state grants, commercial activities; the systems of federal/states grants and changes overtime; the central of local authority expenditure: current arid capital, its planning and control; pricing and investment problems, accosting and financial control in public owned enterprises. International Banking and Finance Topics covered include; overview of the global financial system, foreign exchange market, nations! banking and financial markets, Euro-banks and euro financing, international trade financing; international financial institutions and financial integration in ECOWAS and Africa; problems of developing countries in the international financial system and markets; reform of the international financial system; external borrowing, debt and debt servicing problems; foreign aid and foreign direct investment; Nigeria and international trading, payments and financial issues in the context of the changing global financial developments. Bank Lending and Loan Administration - 8 -

9 The course is designed to expose students to the basic principles of lending and credit administration. It covers topics in bank credit organizations, the lending environment and financial statements analysis. Others are sectored forms of lending such as commercial lending, consumer lending and credit administration. The course involves course work and case studies. Marketing of Financial Services The course covers the nature, characteristics and consequences of financial services, and consequently, the need for products to be marketed in a special way. It is to enable students to skillfully apply marketing concepts, functions, strategies and techniques, for efficient provision of banking financial services. It also requires background knowledge of banking theory and practice for effective application of marketing principles to enhance financial services delivery at profit. Financial Planning and Control The course emphasizes basic concepts and analytical tools essential for financial decision in understanding of the market environment in which the firm operates. Possible top Concepts of organizational goals and the selection and preparation of information essential to financial planning and control of firms operations such as cost estimation and analysis, cost \volume profit analysis, budgeting and budgetary control, variance analysis and cost allocation. DOCTOR OF PHILOSOPHY (PhD) DEGREE PROGRAMME IN FINANCE The programme is offered by the Department of Business Management, with the active collaboration of the Faculty leading to PhD degree on the basis of supervised researched work under the supervision of Department/Faculty members in the areas of a staff interest and expertise. Faculty: Management Sciences Department: Department of Finance Nomenclature of Degree: PhD Finance (a) Nature of Programme: Full time and Part time Philosophy To broaden and deepen the intellectual capacity of students and strengthen their research capability to prepare them for academic positions in universities and other tertiary institutions as well as management positions in both public and private sector

10 Objectives To develop prospective academics and researchers and financial analysis s by broadening the intellectual and research capabilities of the candidates. Admission Requirements A. The candidates seeking admission to the Ph.D degree in Finance must have a Master of Science (M.Sc) degree in Finance, Business Administration, Management, Banking, Marketing or Accounting with at least B average grade or CGPA of 4.0 and above from the University of Maiduguri or any other institution recognised by the senate of the University of Maiduguri. B. Candidates must have Bachelor s degree in Finance, Business Administration, Management, Banking, Marketing or Accounting with a minimum of Second Class (Honours) Lower Division from the University of Maiduguri or any other institution recognised by the senate of the University of Maiduguri. C. In addition to (a and b) above, candidate must have five (5) O level passes at credit level or equivalent in relevant subjects including English Language and Mathematics. DURATION a. Full Time: A minimum of six (6) semesters, a maximum of ten (10) semesters. b. Part Time: A minimum of eight ( 8) semesters and a maximum of sixteen (16) semesters. Programme Structure The PhD programme is based taught courses and thesis. The candidate s self prepared thesis will be based on individual study under the supervision of a Department or Faculty member and an external supervisor. The candidate s researched topic is supposed to make an original contribution to knowledge in a particular field of Finance. The programme structure is as follows: On successful completion and passing of all taught courses, the candidate shall be permitted by the supervisor and the department to work on the main thesis, keeping in view, the original contribution to knowledge by way of investigating new facts, techniques and practices of Finance. Further, the candidate during the research period must acquire in-depth knowledge in the area of research topic, will not only make original contribution to knowledge in the original field but should be worthy of publication. The thesis must not have been presented for a higher degree in any University in the country or abroad

11 A candidate found deficient in any course in his transcript may be required to take and pass the same at Masters Level with B grade within the department but will not earn any credit. No candidate shall proceed on thesis writing until he/she passed the prescribed course work. Course Structure The Ph.D. Management programme requires a minimum of 36 credit units made up as follows: 7 core courses (3 credits each) 21 Units 3 elective courses (3 credits each) 9 units Thesis 12 Units Total 42 Units Core Courses Credit Units FIN 900 Advanced Theory of Corporate Finance 3 FIN 901 Advanced Portfolio Theory and Management 3 FIN 902 Advanced Theory of Financial Intermediation 3 FIN 903 Advanced Quantitative Decision Techniques 3 FIN 904 Advanced Research Methodology 3 FIN 905 Ph.D. Seminar in Finance I 3 FIN 906 Ph.D. Seminar in Finance II 3 Elective Courses All candidates are required to take and pass three elective courses FIN 907 Empirical Investigations in Finance 3 FIN 908 Contemporary Issues in Finance 3 FIN 909 Empirical Investigations in Banking 3 FIN 910 Contemporary Issues in Banking 3 FIN 911 Fraud Investigation 3 FIN 915 Computer Appreciation in Finance 3 FIN 999 Thesis 12 COURSE DESCRIPTION FIN 900 Advanced Theory of Corporate Finance 3 Units

12 The course treats at the theoretical level the conceptual foundations of funds allocation among asset and assets classes, and analyses the effects of various corporate financial policy decisions (e.g ca pital structure and dividends policies) on the value of the firm. It also includes analysis of the effects of taxes, bankrupting cost, and agency costs on these decisions. The analysis is conducted successively under the assumptions of perfect and imperfect markets and certainty and uncertainty conditions. In addition it covers recent literature with emphasis on mathematical techniques which have been used to solve problems in portfolio theory, multi period asset pricing models and option pricing models. Financial leverage, market efficiency and information economics, term structure models, capital market equilibrium models, corporate fiancé issues. Reading are drawn also most exclusively from the theoretical literature of corporate finance. FIN 901 Advanced Portfolio Theory and Management 3 Units This course provides an advanced treatment of investment portfolio theories; computer enhanced models used to provide instruction in capital asset portfolio management and technique. Advanced treatment of diversification theories and applications in asset selection, analysis, and management and risk management are extensively discussed. FIN 902 Advanced Theory of Financial Intermediation 3 Units This is a more advanced and theoretical treatment of selected topics covered at the masters degree levels. Issues are dealt with in more details, bringing in relevant empirical analysis and proffering future direction of research with seminar paper prepared and presented on specifies topics. FIN 903 Advanced Quantitative Decision Techniques 3 Units It is designed to provide students the opportunity to explore more advanced quantitative techniques for decision-making in general and research in particular. Emphasis will be on: quantitative methodologies in business, export, commerce and international business, multivariate statistical methods, advance topics in optimizing techniques and stochastic models; application of time series, inbox number, and other vital statistics to issues in business studies. In addition, it covers techniques of mathematical programming as applied in finance- the development of an intuitive appreciation of the techniques as opposed to rigorous mathematical derivation, illustration of the application in financial analysis- to be accomplished via a computer-assessed case, analysis and / or journal articles. FIN 904 Advanced Research Methodology 3 Units

13 The course utilizes advanced research techniques to explore problems in banking and finance. In addition, the course teaches students the use of advanced research techniques to investigate empirical issues in Banking and Finance. Some of the topics to be covered, among others include advanced research designs qualitative and quantitative methods of research, advance measurement scale, multidimensional scaling, complex sampling approaches, meta analysis, structural equation modelling in Banking and fiancé, conjoint analysis. Specifically, the course aims to expose students to contemporarily, but not common, research methods that are relevant for understanding and solving general business management problems. Students are to be exposed to scholarly works in journals and textbooks utilizing relevant advanced research techniques. FIN 905 Ph.D. Seminar in Finance I 3 Units This seminar introduces students to the most recent research in the area of Finance and organizational analysis, examining current issues and trends. Students have an opportunity to present and discuss their own research an actively engage in the analysis and discussion of the work of others. Each student is expected to make at least two presentations during the course focusing on the formulation, design, execution, and results of his or her research. Each student will be required to produce manuscripts in the usual journal format on the topic under investigation. For these candidates, a sound literature review and developments of relevant mathematical models or techniques of analysis related to the research topic will be acceptable. Seminar will be held in the Department based on the candidate s non-area of specialization focus discussion geared to preparatory marketing training, dissemination of information and development in any area of Finance subject to the approval at the departmental postgraduate committee. Both staff and graduate students will participate in the seminar. The seminar will be graded by panel of examiners as part of course work requirements. FIN 906 Ph.D. Seminar in Finance II 3 Units This seminar introduces students to the most recent research in the area of Finance and organizational analysis, examining current issues and trends. Students have an opportunity to present and discuss their own research an actively engage in the analysis and discussion of the work of others. Each student is expected to make at least two presentations during the course focusing on the formulation, design, execution, and results of his or her research. Each student will be required to produce manuscripts in the usual journal format on the topic under investigation. For these candidates, a sound literature review and developments of relevant mathematical models or techniques of analysis related to the research topic will be acceptable. Seminar will be held in the Department based on the candidate s non-area of

14 specialization focus discussion geared to preparatory marketing training, dissemination of information and development in any area of Finance subject to the approval at the departmental postgraduate committee. Both staff and graduate students will participate in the seminar. The seminar will be graded by panel of examiners as part of course work requirements. Elective Courses FIN 905 Ph.D. Seminar in Finance I 3 Units Candidates will be required to make a seminar presentation. Each student will be required to produce manuscripts in the usual journal format on the topic under investigation. For these candidates, a sound literature review and developments of relevant mathematical models or techniques of analysis related to their research topics will be acceptable. FIN 906 Ph.D. Seminar in Finance II 3 Units Candidates will be required to make at least two seminars presentations. The first seminar presentation is the thesis proposal if the approved proposal is completed. The second seminar presentation will emphasize the actual results of the students research work. Elective Courses All candidates are required to take and pass three elective courses FIN 907 Empirical Investigations in Finance 3 Units Market efficiency tests, term structure theory test, test of asset pricing models, test of divided policy and financial structure issues. Topics focus on statistical and methodological problems encountered in empirical research in related areas of economics and accounting FIN 908 Contemporary Issues in Finance 3 Units This is a seminar to address emerging issues in theoretical and empirical literature in Finance. FIN 909 Empirical Investigations in Banking 3 Units Market efficiency tests term structure theory, test, market structure, and financial structure issues. Topics focus on statistical and methodological problems encountered in empirical research in related areas of fiancé, economics and accounting. FIN 910 Contemporary Issues in Banking 3 Units This is a seminar to address emerging issues in theoretical and empirical literature in Banking FIN 911 Fraud Investigation 3 Units The objective of this course is to acquaint students to practical approach to fraud investigation and examination using case studies and simulation techniques of fraud detection including a discussion of specific procedures in forensic accounting examinations and the reasoning behind the techniques. Coverage extends to detection, investigation, and prevention

15 of specific types of fraud committed against organizations and individuals. Students are expected to submit practical research report from EFCC, ICPC and other relevant agencies as part of course requirement. FIN 915 ICT Management in Finance 3 Units This course will be based on practical aspect of computer rather theoretical teaching of computer. Each student is expected to have at least 4 hours per week of practical computer training. Software to be trained on and put more emphasis on programming, econometrics and modelling, SPSS and other relevant statistical packages are to be taught to aid in the analysis of student s research. One seminar will be presented by the doctoral students in area of ICT relevant to his discipline. FIN 999 Thesis 12 Units The doctoral thesis is a research finding to be presented to the Department by the doctoral candidate and orally to be defended before internal examiners and the external examiner as approved by the Postgraduate Board

16 UNIVERSITY OF MAIDUGURI FACULTY OF MANAGEMENT SCIENCES DEPARTMENT OF MANAGEMENT

17 POSTGRADUATE DIPLOMA IN MANAGEMENT (PDM) Introduction The Postgraduate Diploma in Management programme is an intensive one academic year (part-time) programme designed to provide opportunities to those individuals: a) who have had no formal training in management and who wish to develop capabilities that will enable them perform effectively in managerial positions; b) whose undergraduate preparation in management needs to be upgraded to enable them to move into higher management positions or to benefit from more advanced training in management; c) who followed narrow professional paths in their undergraduate training and wish to enhance their intellectual capabilities or who chose to follow routes other than the University to acquire qualifications that can be equated to a University degree and who are capable of benefiting from higher management education. PROGRAMME OBJECTIVES The objective of the Postgraduate Diploma in Management is primarily to provide participants with the Managerial skills necessary for appreciating the issues a tasks involved in the management of organisations and for enabling them to see how each of the major functional areas of management relate to the total organisational context. Specifically, the programme seeks to: a) introduce participants to the study of organisations and how they are managed; b) provide candidates with the essential statistical and quantitative took as well as develop accounting and financial analysis skills and abilities necessary for organisational management; c) provide candidates with a good knowledge base in a specialized field of management. Admission Requirement for Postgraduate Diploma in Management (PDM) Programme. Candidates seeking admission into the Postgraduate Diploma in Management should meet one of the following minimum requirement. (i) A Second Class honours degree in any discipline other than in Accounting Business Administration, Finance, Management, Marketing and Personnel Management from the University of Maiduguri or any other recognized institution with at least one year post-qualification experience; (ii) A Third class degree in Accounting, Business Administration, Finance, Management, Marketing and Personnel Management from the University of Maiduguri or any other

18 institution, recognized by Senate of the University of Maiduguri with at least one year post-qualification (iii) A Third class degree in any field other than Accounting, Business Administration and Business related field with at yeast two years relevant working experience. (iv) HND with a classification of at least lower credit (not pass) in Accounting, Business Administration. Marketing and any other related fields plus one year postqualification experience: (v) HND with an minimum of lower credit (not pass) or any other recognized equivalent qualification with a classification of an lower credit in any discipline other than the disciplines in (iv) above with at least two years post-qualification experience; (vi) All applicants must have at least a pass in - ordinary level English language and Mathematics. Curriculum Structure and Contents The curriculum of the Postgraduate Diploma in management has been designed to custody the essential disciplines that must be studied by anyone working in management as well as specialist courses in selected functional areas of management, Five variants are currently offered in the postgraduate Diploma programme to reflect the Department s orientation toward providing broadband education that is flavoured with some degree of specialist competence. These variants include: - Banking and Finance; - Finance and Materials Management; - Human Resources Management; - General Management; and - Marketing PDM Banking and Finance This variant develops an understanding of the operations of banks and the management of finance in organizations. The variant is particularly useful for managers whose Job function focuses on financial matters and who work in banks and other financial institutions. PDM Finance and Materials Management The focus of this variant is on sourcing, procurement and Financing of supplies as well as stores and inventory management. The variant is particularly appropriate for those occupying positions in the directorate of Finance and Supplies as well as central stores in government

19 ministries and departments and Depot officers, purchasing managers and stores managers in the private sector. PDM Human Resources Management The courses in this area focus on the human and industrial relations problem of management. The variant is of direct relevance to those who work in personnel management positions in government and industry whilst retaining flexibility to move to other areas of management. PDM General Management The programme of study in this variant stresses the application of theory and accumulated knowledge to the business enterprise as a whole. This field encompasses the many decisions the manager must make which arise with the need to organise and control resources utilized in joint efforts to achieve given economic and social objectives. The programme is tailored to meet the needs of owner-managers, those who work as general managers of small and medium size enterprises, and those individuals who have had no formal training in management and who occupy or are moving into senior management positions in large organisations. PDM Marketing The courses in this area provide the student with an understanding of the operational and policy aspects of the marketing function. In the marketing variant, the student experiences the multiple dimensions of the decision making process in a marketing setting, and applies the analytical tools of the behavioural and quantitative sciences to problems and opportunities facing marketing and sales executives. The programme is of direct relevance to those students occupying positions in, or who intend to develop a career in marketing and sales management. Graduation Requirements Graduation from the Postgraduate Diploma Programme requires successful completion of sixteen courses and the research project or 38 units as follows: - compulsory core courses for all areas of specialization = 24 units - compulsory courses for specific areas of specialization = 8 units - research project = 6 unit 38 units

20 Successful completion of the postgraduate Diploma programme requires that student earns a minimum of 50 percent in each course. A summary of the required courses is provided below: a) Compulsory Course for all areas of specialization Units PDM 600 PDM 601 PDM 602 PDM 603 PDM 604 PDM 605 PDM 606 PDM 607 PDM 608 PDM 609 PDM 610 PDM 611 PDM 699 Management Process Computer Applications and Management Information System Statistical Analysis Managerial Economics Production Management Financial Accounting Cost and Management Accounting Marketing Management Research Methods Mathematics for Management Economic Theory Financial Management Research Project TOTAL b) Compulsory Courses for Specific Area of Specialization i) Banking and finance option PDM 620 Practice of Banking PDM 621 Law Relating to Financial Institutions PDM 622 Corporate financial Management PDM 623 Investment Management TOTAL UNITS ii) Finance and Materials Management Option PDM 630 Public Financial Management PDM 631 Public Sector Accounting PDM 632 Procurement Management

21 PDM 633 Stores and Supplies Management TOTAL UNITS iii) Human resources Management Option PDM 640 Personnel Administration PDM 641 Industrial and Labour Relations PDM 642 Training and Development PDM 643 Work, People and Productivity TOTAL UNITS iv) General Management Option PDM 650 Decision Making in Organisations PDM 651 Business Strategy and Planning PDM 652 Entrepreneurship and the Management of the Enterprise PDM 640 Personnel Administration TOTAL UNITS v) Marketing Option PDM 660 Consumer Behaviour PDM 661 Marketing Research PDM 662 Sales and Distribution Management PDM 663 Advertising and Sales Promotion TOTAL UNITS COURSE DESCRIPTION Postgraduate Diploma in Management (PDM) Core Courses PDM. 600: Management Process Analysis of current management theory and practice. Discussion of historical foundations and investigations of various approaches to the management discipline. Primary emphasis on administrative functions of planning, decision-making, organizing, staffing and controlling. The informational and communication functions of management as well as the application of the core management functions in developing countries are also discussed. PDM. 601: Computer Application and Management Information Systems

22 This course introduces the student to the major technical concepts of data base management systems. Topics include: management aspects of information; hardware and software; and design of information systems. Specific tools for the design of a management information system such as systems flow charts and data models are discussed. Procedural flow charts are also examined. Attention is given to the organisational and social consequences of computerized information processing. PDM. 602: Statistics for Management Management statistics acquaints students with statistical techniques available to aid the decision-maker in a corporate environment. It develops in the student a facility for identifying, analyzing and making concrete recommendations for solving business operating problems through data analysis. Analytical skills are developed by solving problems which require use of techniques such as marginal (incremental) analysis, statistical inference, time series analysis systems approaches, and probabilistic decision-making models. PDM. 603: Managerial Economies The application of price theory to decision problems of the firm is treated in this course. The basic emphasis is on how economics is used in management decision-making. Topics include: demand analysis and forecasting, theory of cost and production, quantitative cost analysis, price-output investment decisions. The course is designed to help students learn the relevance of the basic economic theory in management decision-making. PDM. 604: Production Management Integration of management principles and concepts with emphasis on the production functions of manufacturing, service, and governmental organisations. Production control, quality control, materials handling, and value analysis are explored. PDM. 605: Financial Accounting This course is designed to introduce students to business accounting systems and to provide instruction in accounting practice and procedures. Topics covered include fundamental accounting concepts, double entry book-keeping procedures, and the business accounting cycle. Through a series of practical exercises, students develop the ability to generate financial statements from journal entry through end-of-period statements. Distinctions between balance sheet, income statement and statement of retained earnings are clarified both

23 in concept and practice. Inventory accounting, depreciation procedures and fixed asset accounting are treated as separate topics. PDM. 606: Cost and Management Accounting The course is devoted to managerial accounting which is the internal reporting of operating results to managers as well as business production activities and the improvement of corporate profitability through use of cost management. Attention is paid to the design and use of various types of cost determination systems and the different circumstances under which they are appropriate; cost concepts and decision-making together with a variety of accounting controls etc. Topics covered include job order and process cost systems, standard costs, flexible budgets, overhead application, variance analysis, budgeting and control techniques, and cost-volume-profit decisions. PDM. 607: Marketing Management This course provides a broad exposure to marketing activities and elements of the marketing mix. The course develops a planned approach to marketing. Topics covered include the marketing concepts and the marketing management process; market segmentation methods: models of consumer behaviour; product policy decision-making, including positioning, branding and life cycle concepts; channels of distribution; promotion planning, evaluation and control; sales management; pricing; and forecasting of marketing results. PDM. 608: Research Method Principles and techniques of research methodology, including identification of problems, are primary considerations. Standard statistical designs are reviewed. Organisation and presentation of research data and the evaluation and application of research are emphasized. PDM. 609: Mathematics for Management Stresses development of analytical concepts of mathematics needed for management applications. The course is designed to prepare candidates to handle the tools of quantitative analysis and includes introduction to the use of differentials and integrals for management science applications, matrices, determinants and linear equations etc. PDM. 610: Economic Theory This course distinguishes between micro-economics which deals with individuals and firms, and macro economics which deals with aggregates within the economy. Topics covered in the micro-economics section include basic economic concepts such as opportunity costs, time preference, marginal analysis, comparative advantage, the nature of profit, in the context of

24 any comparative market economy. In Macro-economics, five main areas are discussed: national income analysis, money and inflation, international trade and finance, government interference, and major past and present economic doctrines. PDM. 611: Financial Management Financial decision of a firm are examined and policies arc developed for managing current assets, selecting sources of funds, and investing those funds. Topics for discussion include the interdependency of sources and costs of fund and security analysis, as well as the common factors faced by corporations and investors in combining assets to create efficient portfolios. PDM Banking and Finance PDM. 620 Practice of Banking Provides a basic knowledge of the monetary and financial system; the place of banks in the national economy; the framework within which banks operate and the range of services provided by banks. The course then stretches to consider the management of commercial banks and the Interaction of participants in the Nigerian money and capital markets. Management of lending, the function of investment banking firms are also examined indepth. PDM. 621: Law Relating to Financial Institutions Covers those wide-ranging aspects of law most relevant to everyday banking, investment and insurance practice including basic features of mercantile law, the types of securities most commonly taken by banks and negotiable instruments. Statutes and regulations governing the establishment of banks, agency, partnership, company law, bankrupcy including the failed banks decree, NDIC, property and guarantees are discussed. PDM. 622: Corporate Financial Management Attention is given to the analytical methods that can be used to accomplish financial objectives. Topics include sources of funds, capital budgeting, cost of capital, capital) structure, leasing, dividend policy; maturity structure of debt, share valuation and alternative financing instruments and strategies. PDM. 623: Investment Management Deals primarily with questions of resource allocation in the organisation. Topic coverage includes capital budgeting techniques as related to risk and uncertainty; corporate profitability and divisional portfolio management concepts; and acquisition analysis, strategy and tactics

25 PDM - Finance and Materials Management PDM. 630: Public Financial Management An examination of public expenditure decisions, budgetary processes and the concept of accountability in the public sector-problems are addressed in the financial management of state-owned enterprises, including Investment criteria, social cost of capital, performance evaluation, and linkage to the government budget. PDM. 631: Public Sector Accounting Operation of government entities and educational, medical, social and other such organizations. The course concentrates on application of the fund theory of accounting and budgeting process, achieving objectives through financial planning and control. PDM. 632: Procurement Management Examines the processes of sourcing and procurement of supplies in organisations. The office of the Purchasing executive and the tenders committee/board system are the major focus of this course. PDM. 633: Stores and Supplies Management Considers the management of the store including store organization, documentation, inventory management, coding, stock verification and stock-taking, receiving and issuing of stock, security of stock etc. The relationship between the store and user departments as well as the procurement functions are treated as separate topics. PDM - Human Resources Management PDM. 640: Personnel Administration A review of the major areas of personnel problems; selection, placement and replacement, compensation, training and development, labour relations and employee services. These activities are viewed from the position of the small and large firms. PDM. 641: Industrial and Labour Relations The functioning of collective bargaining relationship. Survey of laws affecting the conduct of parties in a bargaining relationship. Factors in negotiations and the bargaining process, strategy and tactics; principles and specifics of contract clauses. administration and enforcement of the collective bargaining agreement. PDM Training and Development

26 This course is devoted to the kinds of activities and problems encountered by a firm s director of training and development. Such issues as the role of the training director in organizational development, the relationship with line managers and the chief executive officer, and techniques of training are examined. PDM. 643: Work, People and Productivity An analysis of the problems of the occupational environment in small and large organisations. This will emphasize practical applications that are of immediate concern to participants but will also include study of new approaches to employment, unemployment, productivity, motivation, attitudes, job satisfaction, job enlargement, fatigue, monotony, working conditions and conflict resolution. PDM - General Management PDM. 650: Decision Making In Organisations Theories of human problem-solving and their application to organizational decisions at strategic level behavioural effects of computers, models and information system on decisionmaking are explored. Programmed, unprogrammed and crisis decision types are also examined in detail. PDM. 651: Business Strategy and Planning Focuses primarily on concepts of corporate strategy formulation and implementation by exploring those unique functions and responsibilities of senior management revolving around the choice of corporate goals; the scanning and assessment of environmental trends and opportunities, and the evaluation of corporate strengths and weaknesses. PDM. 652: Entrepreneurship and the Management of the Small Enterprise Designed to teach students how to start or invest in a new company and how to manage an existing small business. It is intended to provide exposure to new ventures, to illustrate the stark realities (and rewards too) of an entrepreneurial career and to describe and analyse the problems of small business. Various methods of financing small firms with particular emphasis on the development of a business plan, how to raise money, at what cost and from whom. Problems facing a new or existing small enterprise such as marketing, production, personnel, development of strategies will also be examined

27 PDM - Marketing PDM. 660: Consumer Behaviour The objectives of this course are: (1) to acquire a knowledge of the major consumer behaviour concepts and theories and (2) to gain experience in using this knowledge to solve specific marketing problems and to capitalize on marketing opportunities. Implications for marketing strategy are stressed. PDM. 661: Marketing Research Examination of information requirements for marketing decisions. Particular emphasis is placed on development of cost and benefit analytical tools for evaluating various marketing information systems designs. Other topics include the design of surveys and experiments, design models, and performance criteria. PDM. 662: Sales and Distribution Management Focuses on the management of the field sales force and distribution of products and services. Wilt is of distributing products and services are surveyed. The selling process, establishing sales policy and organizing for sales; recruitment, training, motivation. compensation and control of the sales-force are examined in detail. PDM. 663: Advertising and Sales Promotion Focuses on planning, implementing, and controlling advertising and sales promotion programmes from the point of view of the advertising manager. Topic coverage include the relationship of advertising to the other functions of marketing, how to approach the planning process, relationship of advertising to consumer decision process, organization of the advertising department, programmes for reaching advertising objectives, the sales promotion plan, and control and evaluation of advertising and sales promotion programmes. MASTER OF BUSINESS ADMINISTRATION (MBA) Introduction Earning the MBA is recognized world-wide as a mark of quality and excellence in the career development of a manager. The Master of Business Administration offered a minimum of twenty four months (24) for MBA full time and thirty six months for MBA (Part -Time) intensive professional degree programme designed to provide participants with the skills, knowledge, and attitudes which will prepare them for decision making responsibilities and leadership roles in industry, commerce, consultancy, and all levels of governmental

28 organizations. The over-riding goal is to develop expertise which is immediately applicable and useful while including the latest developments in management thinking. Programme Objectives The primary objective of the MBA programme is to develop in its students a high degree of competence in the application of technical business skills and sound judgement to the solution of management problems of a developing country. Specifically, the programme aims at providing participants with: (a) a clear overview of how the different aspects of management relate to each other, and hence the flexibility to fit into a wide range of management functions; (b) a wide range of management skills operating techniques; (c) the confidence in assessing and analyzing complex problems and in making expert decisions in a selected functional area of management; and (d) the ability to take a cooperative approach to problem solving. Curriculum Structure and Contents The curriculum of the Master of Business Administration programme has been designed to combine study of a broad core of essential business courses with in-depth specialist study in a selected functional area of management. Admission Requirements for Master of Business Administration (MBA) Programme. (i) A first degree (minimum second class honours) in Accounting, Business Administration/Management. Banking and Finance, Marketing or Personnel Management from the University of Maiduguri or any other institution recognized by the Senate of the University of Maiduguri of Maiduguri Plus at least one year experience; (ii) A first degree with a minimum of Second class Honours or HND with a minimum of lower credit (not pass) Plus any other professional qualification Plus a Postgraduate Diploma in Management (PGDM) passed at a Credit (B i.e CGPA of 4.00) level with a minimum of credit classification from the University of Maiduguri or any other Institition recognized by the Senate of the University of Maiduguri; (iii) A first degree with (Third Class Honour) in Business Administration/Management, Banking and Finance, marketing, Personnel Management or Accounting from the University of Maiduguri or any other institution recognised by Senate of the