302101 Principles of Microeconomics                                             (3:3-0)
Prerequisite: None
This course introduces the science of Economics and the economic problem with its implications for the use and allocation of economic resources. It also discusses value theories with particular emphasis on supply and demand, equilibrium, price determination, and elasticity. The course also discusses consumer behavior theory and consumer equilibrium through utility and indifference curve analysis. Finally, it discusses production theory and equilibrium through cost and revenue analysis in different markets in the short run and the long run, as well as distribution theory and factor price determination.
302102 Principles of Macroeconomics                                            (3:3-0)
Prerequisite: 302101
This course introduces the macro aspects of economic theory and the government role in the current economic systems. It discusses the circular flow model and national income accounts. It also discusses the Classical and Keynesian theories of output and employment. Consumption and investment theories, aggregate demand, equilibrium and the multiplier and gap theories are analyzed in detail. These are followed by a discussion of fiscal and monetary policies and their implications for unemployment and inflation. The course concludes with an introduction to money and banking, economic development, and international trade.
302110 Mathematics for Business                                                 (3:3-0)
Prerequisite: None
This course starts with a review of the basic concepts in mathematics such as relations, functions and their graphical representation. After that, it discusses differentiation and the derivatives of Algebraic, Logarithmic and Exponential Functions and their applications in administrative sciences. It also covers systems of linear equations, matrices and determinants as well as linear programming.
302111 Principles of Statistics                                                        (3:3-0)
Prerequisite: None
This course introduces the science of Statistics and statistical research methods. It also discusses sampling and sample data collection and classification. It covers various topics in descriptive statistics, correlation and regression analysis, time series, index numbers and an introduction to probability theory.
302213 Financial Management                                                       (3:3-0)
Prerequisite: 303102
This course provides a basic conceptual understanding of the financial management functions. Financial statements analysis and working capital policies are examined as financial tools and techniques used in the field of finance. It also analyzes the main sources of short - term and long - term financing and the methods and principles of managing different assets cash, accounts receivable and inventory.
302221 Money and Banking                                                            (3:3-0)
Prerequisite: 302102
This course presents a comprehensive view of money, its nature, types and functions, as well as various monetary systems. It also presents the banking system with all its components and its role in credit creation and control. It also contains analysis of the economic effects of the central bank monetary policies on the local economy. In addition, it discusses various monetary theories and the need for coordination between monetary and fiscal policies.
302301 Principles of Insurance                                                      (3:3-0)
Prerequisite: 302110
This course examines the concept of risk, its types, and how insurance is used as means of managing risk. It then discusses various insurance contracts; Their legal foundations and the calculation of their premiums. It also presents an introduction of social insurance and a glimpse of re-insurance and its alternative methods.
302302 Banking Laws and Regulations                                          (3:3-0)
Prerequisite: 301221
The course covers the statutes which govern banking operations in Jordan. In particular, the course focuses on regulations of the Central Bank of Jordan, Bank of Industrial Development, Bank of Urban and Rural Development, and Bank of Agricultural Credit.
302315 Computer Applications in Finance                                     (3:3-0)
Prerequisite: 9600101 + 302213
The course provides computer applications of financial topics, such as financial analysis, cash budgets, forecasting, breakeven analysis, and capital budgeting.
302321 International Finance                                                         (3:3-0)
Prerequisite: 302102
The course discusses theories of international trade and gains from trade. Commercial policies and their objectives are then discussed both in theory and practice. Foreign exchange rates are discussed together with the balance of payments and methods to correct its imbalance. Economic cooperation and integration in theory and practice concludes this course with reference to Arab countries.
302324 Public Finance                                                                     (3:3-0)
Prerequisite: 302102
This course aims at defining public finance in both classical and modern economic thinking. Government revenues including public debt and government expenditure are discussed in detail. This is followed by a discussion of all aspects of government budget and its implications for economic activities and problems of inflation, unemployment, income distribution and resource allocation.
302325 Economic Development                                                     (3:3-0)
Prerequisite: 302102
This course discusses the concepts of economic development and underdevelopment in terms of how and why the phenomenon of underdevelopment emerged and continued. The characteristics of developing countries and the obstacles faced by them are also analyzed. In addition, development theories, strategies and policies adopted by various developing countries with different economic systems are discussed in detail.
302351 Mathematics for Finance                                                   (3:3-0)
Prerequisite: 302110
This course examines thoroughly the concepts and applications of simple and compound interest rates methods, the time value of annuities and irregular payments, the use of time value tables and the valuation of bonds.
302353 Life Insurance                                                                    (3:3-0)
Prerequisite: 302301
This course shows the significance of insurance to cover the risks related to human life. Wide ranges of life insurance contracts are available to suit individual needs. Premiums are subject to several factors such as; the individual life / death probability, therefore life/ death tables are prepared to measure such probabilities. Finally, methods of payments in case of death, handicap or aging are examined.
302354 Financial Institutions Management                                   (3:3-0)
Prerequisite: 302221
This course introduces the main principles of managing financial institutions with regard to the services they offer, the risks they encounter and how to manage this risk. Topics also include assets and liability management and methods of evaluating financial institutions performance.
302412 Project Analysis and Appraisal                                          (3:3-0)
Prerequisite: 302213
This course introduces sound training in the preparation of feasibility studies, especially the study of the market, demand forecasting, technical aspects of the project, projection of the financial statements, and the project worthiness.
302413 Advanced Financial Management                                      (3:3-0)
Prerequisite: 302213
The focus of this course is on the theory and practice of how businesses raise funds. This includes sources of long - term financing, such as stocks, bonds, and leasing. Other topics include optimal capital structure, dividend policy and its Impact on the value of the stock.
302422 Capital and Money Markets                                               (3:3-0)
Prerequisite: 302213
This course deals with both local and international capital markets with respect to their organization and the laws that govern the participants in these markets. It also discusses the financial instruments (stocks and bonds) and the risks involved in dealing with them. It also covers the topics of margin trading and the efficient market hypothesis.
 302431Islamic Banks                                                                     (3:3-0)
Prerequisite: 302221
This course introduces the concept of financing in Islam, particularly the Islamic principles in banking and the risk involved in Islamic banks compared to commercial banks. It also introduces the sources and uses of funds in Islamic banks compared to commercial banks.
302441 Portfolio Management                                                       (3:3-0)
Prerequisite: 302213
It defines the quantitative methods of measuring risk and return and methods of constructing efficient portfolios using the Capital Asset Pricing Model. The course also covers management of mutual funds and financial derivatives, such as options, and futures, as well as the efficient market hypothesis.
302450 Bank Operations Management                                          (3:3-0)
Prerequisite: 302221
This course presents commercial bank operations and services of the banking industry with particular attention to international banking operations. It focuses on new trends gaining attention in banking circles in a global, competitive environment. Topics include E- banking, correspondent banking Eurocurrency accounts, import and export financing, documentary collection, letters of credit, and foreign trade guarantees.
302452 Risk Management                                                              (3:3-0)
Prerequisite: 302213
This course analyzes the types of risk faced by financial institutions such as interest rate risk, credit risk, foreign exchange risk, and liquidity risk. It, then, examines the appropriate techniques for managing these risks.
302455 Topics in Finance (E)                                                          (3:3-0)
Prerequisite: 302213
The course covers recent issues in the field of finance. With the purpose of introducing students to the terminology in English. Topics may include time value of money, stock valuation, bond valuation, cost of capital, and dividend policy.
9300112 Fundamentals of Economics                                            (3:3-0)
Prerequisite: None
This Course introduces a wide range of topics in Economics to non-major students. These topics include the definition of economics and the economic problem, theories of value with emphasis on supply, demand and market equilibrium, national income accounts and their uses, classical and Keynesian theories of output and employment, money and banking economic development, international trade, and current economic issues.
Department Chair's Message, Dr. Khalaf Bqain

Department Chair
It is my pleasure to welcome you to the Banking and Finance Department at Petra University in the Academic Year 2014/2015. In the department, we are ...
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