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Courses

Introductory Course

1. Business Mathematics and Statistics
This is an introductory course on mathematical and statistical methods and tools. The course covers basic mathematical topics including derivatives, function differentiation, differentials and total derivatives, basic optimisation problems, and optimisation problems with equality constraints. The course will also introduce students to the key statistical concepts including measures of central tendency (mean, median, trimmed mean) and measures of variability (variance and standard deviation).

Compulsory Courses
  • Accounting for Financial and Managerial decision-making

    The course offers a comprehensive understanding of the principles and concepts related to Financial Accounting and technical proficiency in the preparation of financial statements. Topics covered include: context and purpose of financial reporting, the qualitative characteristics of financial information, recording of transactions and events, preparation of financial statements, and record of events after the reporting period. The course also covers managerial accounting topics such as: cost analysis and allocation, budgeting, marginal costing, investment appraisal, personnel accounting responsibility evaluation, product and decision making costing and inventory management.
  • Business Statistical Methods

    The aim of this course is to introduce students to the core statistical tools and methods used by firms. It covers four main subject areas: (a) basic statistical measures and tools including measures of central tendency and variability, histograms, bar-graphs, pie-charts, and frequency tables; (b) introduction to probability theory including additive and multiplicative rules, independent and incompatible events, conditional probability, discrete and continuous random variable analysis and joint probabilities; (c) data analysis and statistical inference including parameter estimation, efficiency, consistency, confidence intervals, hypotheses testing, and P values, and (d) introduction to linear regression models including least squares estimates and their properties, confidence intervals, hypotheses testing and prediction.
  • Managerial Economics

    The course covers fundamental microeconomic topics with an emphasis on the methodological and practical tools used by practitioners in economic decision-making and strategic planning. The course is designed to examine the behaviour and interaction of economic agents (i.e. consumers, firms, and the government) within the market economy and the factors determining agents’ economic decisions on production and pricing under competitive and less-competitive markets.
  • Supply Chain Management

    Supply chain management represents nowadays a great challenge as well as a great opportunity for most firms. Supply chain management is all about managing the hand-offs in a supply chain including activities such as logistics management, supply chain integration, reverse logistics chain, intermodal transportation, international logistics and telematics technology applications. The course places particular emphasis on the role of general managers in the supply chain and on the evaluation of the modern trends in supply chain management.
  • Human Resources Management

    The course examines human resource practices and techniques within a dynamic and continuously changing business environment. It covers topics related to human resource development, leadership styles, human resource planning and integration with an organisation’s strategic management, employment cycle, employee appraisals, compensation strategies, and current and future human resource challenges.
  • Marketing Management

    This course provides a comprehensive and rigorous introduction to the core marketing principles. The main topics covered include the following concepts: the marketing environment in relation to demand and supply; customer needs and wants, satisfaction and value, principles of marketing plans, market segmentation, targeting and positioning; principles of marketing information systems and market research, the marketing mix, promotion and communication mix, advertising and sales promotion, public relations, publicity, direct marketing, merchandising, and personal selling, product-related issues and decisions, distribution channels and intermediaries, and pricing-related decisions.
  • Financial Management

    This course develops the practical skills needed to understand and analyse financial policy decisions. Specific areas covered include financial statements in decision making, nature of financial markets, business planning use of capital, derivatives pricing in financial business, financial options, bad debts, analysis of real opportunities, capital structure, dividend policy, and mergers and acquisitions.
  • Strategic Management

    This course analyses both theoretical and practical concepts for developing and applying various types of strategies within different environmental contexts. It examines strategic management issues underlying market strategy, placing particular emphasis on the formulation of effective strategies which can assist firms to achieve a competitive advantage within a competitive business environment. The topics covered include strategy formulation and implementation and strategy evaluation.
  • Innovation Management

    The course enables students to apply methods and tools necessary to understand the role of innovation in framing strategic management and to identify innovation as an opportunity and a source for competitive advantage. The course concentrates on the methods for assessing appropriately the value added activities and systems. The topics covered include innovation models, optimal timing of entry, innovation strategies, evaluation of new technologies and strategies, key forms of intellectual property, and new product development processes.
  • Leadership and Entrepreneurship

    The course explores several different styles of effective leadership applied to the modern business world and the role of entrepreneurship in today’s challenging business environment. Students investigate real life concepts that aim to enhance their leadership style, problem solving capabilities, and emotional intelligence qualities. The course discusses topics such as team dynamics, leadership types and fundamentals, motivation and engagement, conflict resolution, change management and ethics. The course further reviews the challenges and rewards of entrepreneurship as a career choice and effective business opportunity evaluation.


Elective Courses
  • Financial Risk Management

    This course explores the sources, the classification and the measurement of financial risks. It examines the concept of volatility and investigates the specification of option pricing through speculation and the pricing of swaps in practice. It also examines in depth the role of derivatives in hedging or reducing financial risk, the role of investments in financial assets and various advanced methods used in risk management.
  • Banking and Finance

    The course constitutes an introduction in the theory and practice of the modern finance. The course covers main topics on the operation of the financial sector including the analysis of the structure of the banking sector, the explanation of the concepts of diversification and insurance, and the role played by international financial institutions. Specific topics on the regulations that underline the financial sector are also covered with the focus being on the role of banking sector in emerging markets, the role of banking reforms, and the characteristics of the banking sector.
  • Investment and Valuation of Capital Assets

    This course introduces fundamental practices for pricing risky assets. The course provides to students all those tools and skills required to performing research in asset pricing. The course covers some of the basic principles on single discount factor-based asset pricing theory and it reviews the classical asset pricing theory, essentially portfolio choice theory, the CAPM and the APT. Particular attention is given on modern asset pricing models. It covers also topics such as market efficiency, utility theory, stochastic dominance, and term structure of interest rates. The second half of the course deals with stochastic calculus and contingent claims pricing.
  • International Financial Markets

    The course describes and explains how foreign exchange markets and exchange rate fluctuations affect a range of economic activities. The course focuses on the methods used for the determination of the exchange rates on the structure of foreign exchange markets and on the exchange rate regimes. It also examines the structure and the operation of the financial markets including current and future exchange markets.
  • Organisational Behaviour

    This course describes human behaviour within different organisations and institutions. The topics covered include organisational development and design, organisational relationships, practical methods for analysing and predicting individual and group behaviour, decision making, performance measurement and control, conflict and negotiation, and leadership issues.
  • Operations and Quality Management

    The course introduces students to operations and quality management concepts within the frame of manufacturing and service organisations. The course provides a deep understanding of the role of operations management decisions and introduces basic tools and methods used in managing people, equipment and other resources. It is designed to provide students with all those analytical skills required to effectively implement business process excellence tools in enhancing organisational performance and profitability. The topics covered include quality-improvement tools, managing quality, operations and productivity, leadership for quality, product design, process and capacity planning, process and location strategy, and inventory management.
  • Project Management

    The course deals with the general and basic aspects of project management analysing the basic factors involved in managing projects such as deadlines, budgets, output quality, human effort and potential trade-offs between them, and the various practices and methods used in planning and organising tasks. The course covers a range of practical topics including project risk assessment, project risk management, team issues, project portfolio evaluation, time planning, budget planning, cost planning and control, quality management, and applications of project management tools to product development.
  • Human Resources Development

    This course deals with the important role of human resources development in the organisations as well as with the channels through which human resources development enhances performance in different types of institutions. The course covers a wide spectrum of theoretical and practical topics including strategies for designing, implementing and assessing training and enhancing human effort; staff development issues; succession planning and performance management.
  • Global Competition

    This course analyses business operations from a global perspective. It examines the important role played by institutions, laws, customs, and business practices in the operation of firms and organisation worldwide. The main topics covered by the course include development of appropriate strategies to deal with business problems and competition within the global environment; operation of global firms; strategies followed to enter foreign markets; and analysis of various global systems.
  • International Marketing

    This course provides a practical overview of international marketing by focusing on business problems faced by firms when entering in international markets. It covers various topics including emerging markets, analysis of foreign competitive situations, international opportunities, examination of the role of internet marketing and e-commerce, analysis of marketing challenges, operation within foreign markets, and current benchmarks for formulating marketing strategies.
  • International Business Environment

    The course provides an understanding of the economics and politics of a nation within the frame of a multinational economy. It focuses on the economic and political factors that influence trade and capital flows, and exchange and interest rates while placing particular emphasis on the identification of potential risks and opportunities within the rapidly changing international business environment. It covers a range of aspects including the analysis of the socio-economic and technological relations, and the role of international institutions in shaping the business environment.
  • Shipping Economics

    Shipping is one of the leading industries internationally as it facilitates international trade. This course describes and explains issues about the characteristics and organisation of global shipping, the types of cargo carried and the types of vessels and their characteristics as well as the organisation of shipping operations. It also examines the economic structure and behaviour of the main shipping markets including the new building market, the second hand market, the demolition market and the freight market. The shipping industry is analysed from a supply and demand perspective with in-depth analysis of the factors influencing the workings of the industry. Focus is also given to economic structure of the dry bulk sector, the tankers sector and the containership sector (liner shipping) along with their operational characteristics, and the international regulations and policies that may affect these markets.
  • Strategic Management in Shipping

    The course examines strategic management practices applicable to maritime organisations and specifically to shipping companies that compete in a dynamic and volatile environment. The course introduces fundamental principles concerning the creation, the implementation, and the management of strategies in shipping. It also covers the study of action plans for the implementation of the objective goals of a business that include decisions that can result in improved performance and can create long-term and sustained competitive advantages.
  • Policy and Planning for Tourism Development

    This course provides an examination of the role played by policy, strategic planning, and destination planning in enhancing the sustainable development of tourism. It analyses and evaluates the role of both public and private sector in tourism development. The main topics covered include introduction to tourism, policy and planning, investigation of the trends, and practices adopted in policy and planning, analysis of planning processes, and constraints in sustainable tourism development.
  • Tourism Destinations Management: Principles and Practices

    The course aims to offer students an in-depth understanding of destination management based on conceptual frameworks and practical cases. The course aims to explain the phenomenon "destination" and to provide an understanding of how destinations work. The following topics are covered: The phenomenon of tourism (definition, tourism demand, tourism supply, tourism market, development processes of tourism, sustainability in tourism, tourism politics); Destination and tourism organisation in a tourism system; Goals and principles for management of destinations (business models and management systems); Marketing of destinations; Touristic lobbying in a destination; Cooperative supply in a destination; Planning a destination; Financing a destination.


Business Project

The Business Project is a business-oriented project conducted under the guidance of an advising professor. Business project takes place at the end of the programme allowing students to integrate and apply course concepts to a practical business situation. Business project focuses on an existent business problem, challenge or other situation within an organisation or sector. On the basis of this situation, students conduct a research aiming to reveal and analyse the determinants of this situation and prepare a recommendation for future actions.