Foundation Courses

(only for students without any business education/background)

MBAN-510DE Foundation in Economics

This course is designed for students with no previous background in economics. It examines the fundamental economic principles such as scarcity and choice, opportunity cost, demand and supply, elasticity, cost of production and market structures.

 ECTS Credits: 0

MBAN-520DE  Foundations in Accounting

This course covers basic topics of knowledge from accounting. The objective is to familiarise students whose undergraduate studies are not in business to the discipline of accounting. The course examines the basic principles of accounting, and the ways in which accounting statements and financial information can be used to improve the quality of decision making. The main topics covered in this course include the double entry system, the accounting cycle, preparation of the basic financial statements, and partnerships.

 ECTS Credits: 0

 MBAN-530DE  Foundations in Statistics and Research 

The objective of this course is to prepare students for the course MBA-603 (Decision Making Methods & Tools) and it is designed for those students who did not have undergraduate statistics or who had it long time ago. It covers basic descriptive statistics and Calculus including “Organisation of Data”, “Graphical Data Analysis”, “Descriptive Measures”, “Probability Theory and Applications”, “Probability Distributions”, and “Calculus Concepts” used in Decision Theory. An introduction to Statistical Software will also be included in the course.

 ECTS Credits: 0

Core Courses

MBAN-603DE  Decision Making Methods & Tools

The objective of this course is to introduce the students to decision making methods and tools, as they are applied in business and management. The course is divided in three parts, the first part introduces students to inferential statistics as they are applied in business and management decision making, the second part introduces students to the principles of regression and forecasting methods as applied in business and management and the third part introduces students to the principles of optimisation and decision theory. A number of applications and case studies will be discussed with the students in order to provide them with virtual hands-on experience in decision making.

 ECTS Credits: 7.5

MBAN-609DE  Organisations & Human Resource Management

IIntroduces MBA students, to a comprehensive review of essential personnel management concepts and techniques focusing on practical applications that all managers need to deal with their HR related responsibilities. The course focuses with specific explanations and illustrations on essential HR management topics like job analysis, selection and recruitment, testing, training and development, compensation and performance appraisal.

 ECTS Credits: 7.5

MBAN-611DE  Business Economics

This course examines economic and strategic managerial decisions under various economic and market conditions. It also adopts an international comparative perspective in order to highlight how different economic systems and structures, influence economic and business performance, market environment and thus corporate strategies.

 ECTS Credits: 7.5

MBAN-612DE  Financial & Managerial Accounting

This course aims to give students a general overview of financial and management accounting theory and practice. It assumes that students have a basic knowledge of the techniques covering financial accounting and in particular the following topics: double entry, the accounting cycle, main financial statements and preparation of the Financial Statements. Therefore, the topics that will be covered will be Cash flow statements, analysis of financial statements, issues related to contributed capital (legal capital, preferred stock, treasury stock, stock splits, etc.), and income and changes in retained earnings (earnings per share, dividends, and statement of changes in stockholders’ equity). In the second half of the course, students will address Management Accounting covering Planning and Control, Short-term Decision Making, Strategic Management Accounting and the Management of Working Capital and Sources of Finance.

 ECTS Credits: 7.5

MBAN-622DE  Financial Management

This course addresses the principles, concepts and practices of corporate financial management, and the theories and applications underlying the financial decision making process. Topics covered include the agency theory, valuation, capital structure and cost, capital budgeting, corporate bankruptcy, working capital management, dividend policy, and mergers and acquisitions.

 ECTS Credits: 7.5

MBAN-667DE  Strategic Marketing

This core course aims to provide students with a comprehensive knowledge basis in the field of marketing, including its philosophy, application and strategic context. The course describes the leading theories and models that are used to explain key concepts in strategic marketing and identifies the external and internal forces that impact upon the choices involved in the development, production and distribution of goods and services. The course additionally cultivates the skills and competencies required towards strategic marketing planning, with various tools and processes being presented both as a theoretical basis and in their practical application framework. The students are finally taught how to practically integrate theory with practice towards the development of a strategic marketing plan.

 ECTS Credits: 7.5

MBAN-685DE  Corporate Strategy

Managers face no greater challenge than that of strategic planning and strategic management. Guiding a complex organisation through a dynamic, rapidly changing environment requires the best of judgment. Strategic planning issues are invariably ambiguous and unstructured, and the way in which management responds to them, determines whether an organisation will succeed or fail. In this capstone course students will be asked to face the aforementioned challenges. They will become familiar with the strategic planning process in the for-profit, nonprofit sectors, within the context of the global aspects of strategy.

 ECTS Credits: 7.5

Elective Courses (choose 3 out of 6)

MBAN-705DE Consultancy Process

The course is designed to make students reflect on the process of working as a consultant and develop a personal vision on the role of a process consultant. Furthermore, this course aims at developing understanding and skills in handling sensitive issues in consultancy, such as building trust, ethical problems, ensuring implementation and overcoming resistance to change, as well as developing skills in acting as a facilitator in team-building. Furthermore, this course aims to develop understanding and skills in the various aspects of managing a consultancy firm and consultancy assignments.

 ECTS Credits: 7.5

MBAN-713DE Consumer Behavior

The course promotes an understanding of consumer decision processes developed through appropriate applications of behavioural sciences. Consumer decision making processes are further considered in the context of environmental and cultural dimensions. The implications of these processes are also considered in relation to product position planning, marketing organisational strategies, and decisionmaking in strategic market planning.

 ECTS Credits: 7.5

MBAN-722DE Financial Market & Institutions

Understanding the function of financial markets, the flow funds, levels of interest rates and interest rate differentials, and analysis of the institutional framework. Characteristics and efficiency of the money markets and capital markets and types of instruments issued. International integration of financial markets and institutions and policy implications.

 ECTS Credits: 7.5

MBAN-730DE E-Business

The course examines the impact of Web and Web 2.0 technologies on marketplace transformation, business process redesign, and management approaches to ecommerce, with an emphasis on business-to-consumer and business-to-business applications. Class sessions will be based on an in-depth discussion of actual case studies that cover several industries and business sectors in different countries.

 ECTS Credits: 7.5

MBAN-746DE Managing Diversity in Organisations

The course aims to teach students to adapt successfully to the demographic changes rapidly occurring in the workplace, create individual awareness of the issues of diversity and how to cope with them effectively, organise work based on an understanding of the impact of diversity in relation to group dynamics, values, motivation, conflict management and communication styles. Upon completion of the course students should be able to collect and analyse data for the purpose of resolving issues directly related to diversity in organisations, develop skills and competencies of an intrapersonal and interpersonal nature so as to better cope with the diverse work place, analyse the influence of their own background on behaviour and develop sensitivity to others, critically evaluate the nature and effects of preconceptions and prejudices and their own use of the two concepts and confidently interact with others in a number of organisational settings.

 ECTS Credits: 7.5

MBAN-777DE Energy & Geopolitics

This module explains the geopolitical importance of the location of civilizational blocs of countries, the location of fossil fuels, and trades routes (their maritime lanes and chokepoints). It analyses world affairs, particularly as they relate to energy, through a geopolitical framework of new balances of power as expressed in emerging civilizational blocs of nations. The module also appraises the geopolitical implications of post-fossil fuels and post-globalization as it leads inter-civilizational confrontation, and explains the geopolitical implications of a shrinking world, with looming superpowers’ expansion in an era of declining fossil fuels.

 ECTS Credits: 7.5

Integration Courses

MBAN-670DE  Operations & Quality Management

The course examines the basic elements of operations management with particular focus on inputs and suppliers, process and capacity planning, forecasting, inventory management, product and project management, implications of globalisation, and the issue of quality and competitiveness. Emphasis is placed on demonstrating how the operations function can support business strategy.

 ECTS Credits: 7.5

MBAN-736DE  Enterprise Information Systems

The course aims to enable student understand issues, problems and opportunities that senior managers and Chief Information Officers (CIOs) face today in organizations and enable them to refer to conceptualized principles and applied techniques and tools to efficiently address them. The main objective of this course are to describe and apply conceptual tools used to examine the efficiency and effectiveness of the management of business processes, introduce Enterprise Information systems (EIS) to students, extend students’ knowledge on EIS concepts and definitions and provide them with hands on experience by using an EIS system.

 ECTS Credits: 7.5


MBAN-895DE Research Methodology & Thesis

he course aims to develop a knowledge and understanding of research techniques suitable in a business environment. It illustrates the structure of the research process starting with a decision on the topic of research. It examines the need for a critical review of the current literature on the chosen topic to help clearly establish the aims and objectives of the study. Once established, it provides an understanding of how to achieve those aims and objectives in either a qualitative or quantitative environment. The ultimate objective of the course is to satisfactorily prepare the research proposal for the dissertation.
This is a Thesis of theoretical or empirical research undertaken on a business topic in the student’s area of concentration on the MBA Programme.   This is expected to be an independent research study by the MBA Candidates on a topic of their own choice.   Subsequent to the approval of such a Thesis Proposal, a Thesis Supervisor is appointed from among the MBA Faculty members of The University of Nicosia to work closely with the MBA Candidate.   The Thesis may be in the form of an academic or a scientific (publishable) paper at an appropriate graduate level.   The ultimate objective of this requirement is to test the ability of the MBA Candidate to select a problem, set up a framework for it and analyze it in an academic perspective so as to end up with meaningful recommendations in the end.   The paper requires significant focus on a business issue viewed through academic thought and research and presented in the proper writing style.   The MBA Thesis is not to be a description of a situation, but an analysis and evaluation of a problem with specific recommendations given based on a combination of research and original thinking.

 ECTS Credits: 15


Total ECTS: 90