M.Sc. PROGRAMME BANKING AND FINANCE
UGC 801 Advanced Statistical Methods 3Units
Overview of statistics Definitions importance and scientific methods; statistical data
and their collections; sampling and sampling distributions; elements of probability; statistical inference; descriptive statistics; data summarization; measures of central tendency; measures of dispersion and variability; describing the shape of distributions; comparing two treatments-t-test; comparing several treatments – Analysis of variances for different designs; Mean separation: separation; regression analysis; simple and multiple linear regressions; nonlinear regression or curvilinear regression; orthogonal polynomials; testing for significance in regression analysis; correlation; use and abuse of regression and correlation; covariance analysis; chi square distribution; non-parametric statistical methods; analysis of categorized or attribute data; test of goodness of fit; contingency tables; times series analysis; canonical, cluster and principal component analysis.
UGC 802 Computer Application in Research 3Units
This is a practical course involving the use of computer for demonstrations in research. The topics include: Generation of experimental layouts for various designs; coding and entry of data using Excel spreadsheet and other packages; statistical analyses of survey and experimental data using statistical software packages such as SAS, SPSS, GenStat, Mnitab, E-view, etc; plotting of line graphs, bar charts, response surface graphs; power point presentations. Computer applications in business.
CMS 811 Basic Econometrics 2Units
In this introduction to Econometrics covers, 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 Ordinary 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 Advanced Corporate Financial Management and Policy 3 units
The nature of the firm and corporate objectives: Implementation of the firms’ goals for choice among alternative investment projects, capital budgeting problems, market evaluation of 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 INTERNATIONAL BUSINESS FINANCE 2Units
It covers overview of the international financial system; international banking and financial market, including the foreign exchange risks and management practices by international business; 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.
FIN 813 INVESTMENT ANALYSIS AND PORTFOLIO MANAGEMENT 2Units
The study covers portfolio selection as a 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 assets from the viewpoints of individuals and institutional investors; implications of the efficient market theory for the profitability of alternative investment; valuation of financial statements and analysis.
The empirical evidence for various mean variance models of assets for evaluating portfolio performance should be emphasized.
BAF 814 INTERNATIONAL BANKING AND FINANCE 2Units
Topics covered include; overview of the global financial system, foreign exchange market, national 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.
BAF 812 REGULATIONS OF FINANCIAL INSTITUTIONS 2Units
An advanced treatment of fiscal and monetary policy issue; 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.
FIN 815 SEMINAR IN FINANCE/BANKING 1Unit
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 result of his/her research.
CMS814 Macro-Economic Theory 2Units
See details in Department of Economics programme
FIN 816 PUBLIC SECTOR FINANCIAL MANAGEMENT 2 Units
This covers the procedure for estimation and control of government expenditure and the raising of revenue, estimation of expenditure, authorization of expenditure and banking 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 include are: the multi-nature of public sector-federal, state and local authorities and the financial relationship between government units; fiscal federalism, local government finance; rates, borrowing, federal/state grants, commercial activities; the systems of federal/states grants and changes overtime; the central local authority expenditure; current and capital, its planning and control; pricing and investment problems, accosting and financial control in public owned enterprises.
FIN 817 MICRO AND SMALL BUSINESS FINANCE 2Units
The course covers the problem of provision of micro-credit 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 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.
FIN 814 THEORY OF FINANCE 2Units
Conceptual Foundations- Money, credit and Finance.Expected Utility Theory.Theory of the Firm, Risk, Return and Market Equilibrium.Financing Decisions. Capital structured Theories. Cost of Capital and Optimal Capital structure. Efficient Market Theories.Random-walk Hypotheses.Dividend Policies and Valuation of the firm.Portfolio models and Empirical Evidence/ Theories of Financial Distress. Mergers, Acquisitions and Reorganizations
BAF 818 FINANCIAL PLANNING AND CONTROL 2Units
The course emphasizes basic concepts and analytical tools essential for financial decision making and in understanding of the market environment in which the firm operate. Possible topics include the concepts 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.
BAF 821 THEORY OF FINANCIAL INTERMEDIATION 2Units
The course analyzes 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, and uses/sources of funds, model 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.
BAF 824 MARKETING OF FINANCIAL SERVICES 2Units
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.
BAF 822 MANAGEMENT OF FINANCIAL INSTITUTIONS 2Units
The course is concerned with financial management of banks and other financial institutions. The management decision making problems in the course view, the financial firm as having goals of maximizing returns on assets subject to the constraints of the funds model, the maintenance of solvency, the capital adequacy problem and demands of the regulatory authorities. Also covered are the analysis of various issues and problems common to many financial intermediaries, such as corporate planning and control in financial institutions; IN competition for funds, assets and liability management, marketing of financial services, the measurement of performance, and the reconciliation of profit objectives with public relations and social obligations. Case studies are expected be employed in illustrating typical real issues.
FIN 821 DERIVATIVE SECURITIES AND MARKETS 2Units
The rapid and extreme development in financial services industry demand that graduates in fiancé be exposed to financial innovations in recent years. The course in derivatives and markets fulfills these requirements. The course introduces the students to the concepts, types, operations and regulatory framework of financial derivative markets. It covers traded options, futures/future contracts, forwards, swaps, derivatives exchange and traded systems.
FIN 824 FINANCIAL INSTITUTIONS AND MARKETS 2Units
The course covers: overview of the financial system, embracing banks, non-bank financial institutions, money and capital markets and the regulatory authorities- the Central Bank, the Securities and Exchange Commission, the Stock Exchange, survey of the structure and operation of the market for short, medium, and long term securities. Other topics include overview of the nature, types, sources and uses of term securities as well as the nature, objectives, structure, functions, and practices of institutions, such as the stock exchange, investment banking, insurance and pension institutions as well as international finance institution as well as international finance institutions. The other aspects include: economics and legal aspects of the capital market, analysis of interest rates, cost of capital, prices of securities, risk in securities operations and their implications for investment and performance of the financial operators.
BAF 823 BANK LENDING AND LOAN ADMINISTRATION 2 Units
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 sectorial forms of lending such as commercial lending, consumer lending and credit administration. The course involves course work and case studies.
BUS 821 RESEARCH METHODOLOGY 2 Units
Designed to equip students with the techniques for identifying research problems, planning, executing and evaluating research problems. Topics covered include the nature of scientific research, a review of research process. Theory building, advanced study of experimental designs, and analysis; concept of definition, formulating hypothesis, validity and reliability; measurement and scaling methods; concepts and problems in data collection and sampling, criteria for casual inference, studies and control groups, report writing including editing, footnoting etc. Statistical inference and regression analysis; analysis of variance, non-parametric techniques
CMS 822 MICROECONOMIC THEORY 2Units
(Details in the Department of Economics)
BUS 822 Quantitative Techniques for Financial Decisions 2 units
This course aims at giving the students quantitative skills necessary for banking and financial decision making. Topics include descriptive statistics, probability and expectations, discrete and continuous distributions and statistical distribution theory, study of estimation, tests of hypotheses and confidence intervals. Times series analysis, index numbers with applications in Finance, multiple regression including correlation analysis,. Others are inventory forecasting, queuing models, ANOVA, use of computer as a tool emphasized with application to Finance
FIN 825/BAF 825 CONTEMPORARY ISSUES IN FINANCE/BANKING 1Unit
This is a course that will culminate in a seminar to address emerging/contemporary issues in theoretical and empirical literature in Finance.