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Postgraduate Business Studies 2018-2019

BU501A: INDUSTRY WEEK

0 credits

Level 5

Full Year

BU501D: LEADING STRATEGIC CHANGE

15 credits

Level 5

Second Sub Session

You cannot lead if you do not understand yourself or the impact you have on others.  This course will enable you to gain a greater understanding of your own leadership behaviours and capabilities in the context of geographical culture and professional context.  You will carry out an insight analysis of your personality and leadership type before working to complete a leadership simulation that requires you to plan and execute strategy with limited resources to overcome challenges.  You will then explore a range of leadership cases to see how and why different decisions depend on situation, context and past experience.

BU501E: PRACTICAL INTERVENTION PROJECT

60 credits

Level 5

First Sub Session

This course is designed to provide students with a capstone opportunity to apply theories, concepts and reflective, practice-based learning to a well-defined work-based project. Underpinned by research methods training and set within an action research frame, students are supervised through the process to produce an impactful project aimed at improving performance.

BU501F: THE LEADERSHIP CHALLENGE

15 credits

Level 5

First Sub Session

This course provides an opportunity to explore and develop an understanding of your own leadership behaviour. Through seminars, group activities and discussions we investigate how personality, past experience, current situations and culture shape the way each of us behave in a leadership role. Using this information as a starting point we then explore how different leadership theories and approaches can be used as frameworks for developing a deeper understanding of leadership behaviour. You will also have an opportunity to try out a range of practical tools and techniques to assist you in the development of your own approach to leadership. 

BU501H: THE LEADERSHIP CHALLENGE

15 credits

Level 5

First Sub Session

This course provides an opportunity to explore and develop an understanding of your own leadership behaviour. Through seminars, group activities and discussions we investigate how personality, past experience, current situations and culture shape the way each of us behave in a leadership role. Using this information as a starting point we then explore how different leadership theories and approaches can be used as frameworks for developing a deeper understanding of leadership behaviour. You will also have an opportunity to try out a range of practical tools and techniques to assist you in the development of your own approach to leadership. 

BU501K: CONSUMER BEHAVIOUR

15 credits

Level 5

First Sub Session

The course will combine theory with practical examples in order to explore the key concepts of consumer behaviour: The consumer as an individual (understanding motivations, psychographics, demographics and cognitive processes) and social and group aspects of consumer behaviour (the role of friends, family and reference groups). The interactive nature of the course and portfolio of assessment will encourage students to reflect on their own experiences as consumers and develop their critical evaluation skills. This course will be useful for those interested in marketing and market research careers.

BU5021: BUSINESS ECONOMICS

15 credits

Level 5

First Sub Session

This course focuses on the economics of business allowing students to understand the economics that underlie a whole host of business issues. The course will cover the functioning of markets, consumer behaviour, pricing, production and costing problems, monopoly and the business implications of inflation, economic growth and economic policy.

BU5025: QUANTITATIVE METHODS

15 credits

Level 5

First Sub Session

This course develops a mathematical and statistical ‘toolbox’ for PGT students in the Business School.  These tools will useful in understanding and implementing research in business- and economics-related fields both during a student’s academic career as well as after graduation.  The first part of the course covers basic mathematical models common across these fields.  The second part of the course develops standard data analysis methods, including multivariate regression.  The final part of the course examines shortcomings in the standard model and describes ways of overcoming those shortcomings.

BU5026: ACCOUNTING AND FINANCE FOR MANAGERS

15 credits

Level 5

First Sub Session

The fact that money (and understanding money) really matters in business and all managers need to understand issues like cashflow and profit might depress you, but it is true. Financial viability of customers? Deciding on the likely financial viability of a project? Reporting to shareholders about performance? Does the word “sustainable” appear in a finance dictionary? All questions we will try and address.

BU5030: REAL ESTATE RESEARCH

15 credits

Level 5

First Sub Session

This course provides an introduction to academic and industry real estate research and includes interpretation and discussion of contemporary real estate research issues. The course includes the design and implementation of a research project: topic choice, methodology and method, bibliographical tools and literature review, qualitative and quantitative research techniques and ethical issues.

BU5031: ACCOUNTING

15 credits

Level 5

First Sub Session

Students will gain an understanding of what financial information is for and how it is controlled by government, the stock exchanges and other institutions. Students will explore financial accounting assumptions and conventions. They will develop their technical knowledge and skills to enable them to record business transactions and prepare financial statements. Finally, students will be introduced to financial statement analysis and the calculation of key metrics. This will allow them to explore how accounting information is used by stock market participants and the impact on users of current developments and issues in accounting practice, governance and standards.

BU5032: PROPERTY LAW & INSTITUTIONS

15 credits

Level 5

First Sub Session

This module aims to examine the legal and professional environment of property.  The module introduces key concepts from property law to explain the framework within which property can be held, used and traded. Planning law and policy is considered as part of the regulatory system through which land use and development are promoted and/or controlled.

The course focuses on Scots law and institutions but students have the opportunity, where appropriate, to bring draw upon their own comparative perspectives.

This course covers the legal basis of land tenure; land registration; property ownership; landlord and tenant relationships; obligations and restrictions, and planning.

BU5033: ECONOMIC ANALYSIS

15 credits

Level 5

First Sub Session

The course will cover the main elements of Microeconomic Theory together with how this underpins the macro economy, covering consumer theory, how consumers choose under constraint of a budget, to generate demands. How this theory can be used to consider the welfare effects of price changes will be considered. The problem of production will be examined to understand the supply, and the demand and supply side will be drawn together to consider market structure.  How the theory can be used to identify market supplies and demands  from empirical data will be examined.

BU5034: ISSUES IN CORPORATE FINANCE

15 credits

Level 5

First Sub Session

This course introduces students to basic financial concepts before moving on to introduce students to a number of areas of corporate finance including investment appraisal decisions, examining capital structure theory, the financing decisions of the firm, and corporate restructuring. The main aim of the course is to equip students with good analytical skills in order to understand the implications of corporate financing decisions by understanding why companies behave the way they do with respect to financing choices and how this interacts with the real world financial markets, and to enable students to understand the theoretical underpinnings of corporate finance theory.

BU5035: VALUATION AND FINANCE

15 credits

Level 5

First Sub Session

The course introduces the mathematics of valuation and investment and considers the principles underlying basic valuation and investment formulae. The distinguishing characteristics of the bond, equity and property market are critiqued. The five property valuation methods are discussed via a series of lectures supplemented by tutorials/workshops in which valuation problem-solving tasks are discussed, with an emphasis on the investment method of valuation. While the focus is on real estate, the course seeks to raise awareness of the range of investment opportunities. The course seeks to develop good numeracy and analytical skills.

BU5036: REAL ESTATE ECONOMICS

15 credits

Level 5

First Sub Session

This course aims to provide an overview of basic economic models and recent developments regarding the working of real estate markets and urban land markets. The course is intended to enable students

i)  To examine real estate as a set of linked markets, functionally divided between use, investment and development

ii) To understand the dynamics of specific types of real estate markets and appreciate real estate market modelling approaches

iii) To understand the location patterns of land use within urban areas and regional development

iv)  To understand the role that regulations and planning play in real estate markets

BU5038: INTERPERSONAL MANAGEMENT, NEGOTIATION AND PERSUASION

15 credits

Level 5

First Sub Session

Business cannot be conducted without some form of communication between the participants involved. This course examines a wide variety of different types of interpersonal communication in different types of business contexts and, by so doing, provides students with a detailed and practical overview of this vitally important subject area.

BU5039: MARKETING MANAGEMENT

15 credits

Level 5

First Sub Session

The course will apply theoretical and practical content to explore the key concepts of marketing management to provide students with an understanding of planning, coordinating and controlling marketing activities. It aims to take students understanding beyond what has been labelled as a transaction-based approach to a relationship-based approach. As such the aim is to provide students with an understanding of the role of marketing in establishing, developing and maintaining relationships for mutual gain. This will be achieved through a combination of lectures, seminars, simulations and directed private study.

BU5043: MARKETING DECISION MAKING

15 credits

Level 5

First Sub Session

The fact that money (and understanding money) really matters in business and all managers need to understand issues like cashflow and profit might depress you, but it is true. Financial viability of customers? Deciding on the likely financial viability of a project? Reporting to shareholders about performance? Does the word “sustainable” appear in a finance dictionary? All questions we will try and address.

BU5048: BUSINESS STRATEGY

15 credits

Level 5

First Sub Session

Business Strategy covers a broad range of topics that come under the general heading of “Business Strategy” / “Strategic Management”. The course introduces participants to concepts, frameworks and models that are useful in providing explanations of how companies operate with respect to goal setting, understanding their competitive landscape, assessing opportunities,  managing own capabilities, coordinating their activities with other companies, and competing to create value for customers. The course is interactive in nature, applying a learning-by-doing method involving students taking on roles as part of a series of simulation exercises. 

BU5049: BUSINESS AND MONEY

15 credits

Level 5

First Sub Session

The fact that money (and understanding money) really matters in business and all managers need to understand issues like cashflow and profit might depress you, but it is true. Financial viability of customers? Deciding on the likely financial viability of a project? Reporting to shareholders about performance? Does the word “sustainable” appear in a finance dictionary? All questions we will try and address.

BU5050: VALUES AND MARKETS

15 credits

Level 5

First Sub Session

The Value and Markets course is designed to allow participants to investigate key theories that underpin views about marketing. On the course delegates will be introduced to different approaches, theories and techniques utilised in marketing planning and marketing management. For example, delegates will be introduced to topics including; the characteristics of buyers and buyer behaviour (decision processes and roles), the marketing mix (product, price, place, promotion), services marketing, implementation and control, relationship marketing and international marketing.   

BU5053: INTRODUCTION TO ENERGY ECONOMICS

15 credits

Level 5

First Sub Session

This course introduces key techniques from economics and finance to allowing understanding of the basics of business decision making within the energy industries and the economic implications of key energy policies. We consider basic financial concepts such as: present value, the opportunity cost of capital and their role in business decision making in energy industries. We also consider key economic elements of markets and how the economic environment structures the way in which businesses make decisions and energy market outcomes.

BU5055: INTRODUCTION TO ENERGY & PETROLEUM ECONOMICS

7.5 credits

Level 5

First Sub Session

This course discusses the world petroleum market in the context of overall energy markets.  The main features of the evolving petroleum market are analysed including examination of the Hotelling model and Hubbert curve.  Oil price determination is discussed with detailed consideration of the special characteristics of the demand and supply curves in the industry.  The role of OPEC in the market is examined, including discussion of the various models of OPEC behaviour and the determinants of its market power.  The economics of climate change and the place of renewable energy in the wider energy market is discussed.

BU5056: INTRODUCTION TO CORPORATE FINANCE FOR ENERGY

7.5 credits

Level 5

First Sub Session

This course ensure students understand why companies behave the way they do with respect to financing choices and how this interacts with financial markets, with particular reference to the petroleum and energy industries.  The course covers Investment Appraisal Techniques Employed in Petroleum Industry, Risk Analysis, Portfolio Theory and the Capital Asset Pricing Model (CAPM)

BU5057: ISSUES IN INTERNATIONAL MANAGEMENT

15 credits

Level 5

First Sub Session

The course aims to provide students with an understanding of Issues in International Management as viewed from a number of diverse perspectives eg Coaching; Oil & Gas; Entrepreneurship; Technology; Accountancy & Finance

BU5061: ECONOMIC ANALYSIS FOR ENERGY

15 credits

Level 5

First Sub Session

The course will cover the main elements of Microeconomic Theory. Consumer theory will be examined by discussing how consumers choose under the constraint of a budget to generate demands. This theory will then be extended to include choice under uncertainty and intertemporal choice. Some basic elements of competitive markets will also be presented. Producer theory will be examined to understand how firms decide the quantity to be produced under the constraint of a technology. Other relevant topics, such as public goods, externalities, and auctions, will be covered.

BU5063: ECONOMICS THEORY FOR FINANCE

15 credits

Level 5

First Sub Session

The course will deepen and broaden students' understanding of economic models equipping them with the knowledge and skills that are essential to identify appropriate techniques for solving problems of decision making in financial markets. The module will be invaluable for students wishing to pursue a career as economists working in the financial sector and for those aiming to progress to PhD research.

BU5064: OPERATIONS AND PROJECT MANAGEMENT

15 credits

Level 5

First Sub Session

The focus of this course is not people but processes, not outside the organisation but within. Operations transform materials, information and customers to create goods and services using staff and facilities. We study process types and focus particularly on projects. We see how capacity and inventory reconcile demand and output and explore location, supply chains, quality, risk and resilience. About 40% of the course is on projects and project-management techniques. Prepare for both critical discussion of theory and application (operationalisation), including calculation.

BU5065: ENTREPRENEURSHIP IN PRACTICE

0 credits

Level 5

Full Year

‚ÄčThe industry weeks provide a unique opportunity to experience what is like to be part of a 'startup' organisation. Working in a small team you will collaborate with your peers to develop and shape innovative solutions, products or services for 'real world' challenges. As part of the course you will gain new skills, insights and experiences that will enable you to tackle future professional challenges and strengthen your own entrepreneurial perspective.

BU5066: ECONOMETRIC THEORY & DATA ANALYSIS FOR FINANCE

15 credits

Level 5

First Sub Session

The course will provide students with understanding of and ability to apply the core econometrics theory to the analysis of financial data. Alongside the lectures, the course will include practical classes that will offer students a 'hands on' training in the use, presentation and interpretation of economic and financial data. The course will underpin the acquisition of skills that are essential component of the toolkit of a financial economist working in the private and public sector and in academia alike.

BU5070: ACCOUNTING REPORTING

15 credits

Level 5

First Sub Session

Understanding why financial information is needed, how it has been put together, how it is presented and then used is critical for all managers and for those interested in assessing corporate performance. The course covers the foundations of accounting very briefly, focusing firstly on the financial statements, their meaning and interpretation; secondly on the reporting and use of accounting information within the organisation. The course aims to equip the finance-savvy manager, not turn them into an accountant.

BU5071: CRITICAL FINANCIAL REPORTING 2

15 credits

Level 5

First Sub Session

Writing insightful reports that both engage and persuade the reader is a key skill. In a finance setting this is not just about the words but also careful use of well communicated numbers. The aim of this course is for you to produce a 5,000 word report using appropriate communication devise (graphs, tables) to evaluate critically a corporate finance situation of your choosing. The result should demonstrate your research, thinking, presentation and organisational skills.

BU541A: ACCOUNTING AND FINANCE FOR EXECUTIVES

15 credits

Level 5

Second Sub Session

Senior managers and executives are required to interface with accounting and finance staff and services on a frequent basis to understand and manage the strategic, monetary and performance dimensions of the organization. Operational performance, monetarisation challenges in global business, financial risk, fiscal regimes in international business, strategic partnerships and alliances, investment decisions and portfolio analysis are key areas that require understanding and decision-making in inter-professional and multi-cultural teams and contexts.

BU551A: INDUSTRY WEEK

0 credits

Level 5

Second Sub Session

BU551D: STRATEGY

15 credits

Level 5

Second Sub Session

Organisations increasingly adopt the conceptual frameworks and models of strategy and strategic management to help them understand the context of their business, envision potential future states and to allocate and re-allocate resources in relation to developing strategic goals. The models and techniques involved are adapting and emerging as new pressures, technologies and opportunities develop. Senior managers require the knowledge and expertise to implement these models in a carefully judged and balanced way. This allows sharp perspectives and sustainable options to be identified, explored and tested prior to adoption and implementation. Aspects of organizational context such as leadership, followership and change are explicitly folded in to this important managerial area of work.

BU551E: MARKETING, REPUTATION AND VALUE

15 credits

Level 5

Second Sub Session

The ability of marketing functions to deliver data and intelligence on customers, markets and economies is changing at a fast pace and this is facilitated by fast access to trends and information via social media and the internet. Mistakes and poor practice are punished in the marketplace via dynamic media, adding new pressure and additional control dimensions to the job of the marketer. Partnering and co-creation has become a core feature of marketing activity and this often transcends national borders. Creating and sustaining value has become a complex process that depends on adaptive practices and creative processes. This course begins with a critique of the traditional, neo-classical view of marketing and develops a complex critique that synthesizes reputational challenges and fast-moving technology and media to create a deep understanding of how marketing is changing and how effective marketing can be conceptualized and implemented.

BU551F: STUDIES IN INTERNATIONAL FINANCE

15 credits

Level 5

Second Sub Session

This course is part of a challenging programme which is designed to provide students with an understanding of the theory and practice of finance with an international perspective. The programme has a strong foundation in economics and international trade and aims to equip students with an understanding of the key elements of the operation of global financial and economic systems, and the skills enabling them to evaluate and manage the risks involved in international business in order to make sound investment decisions, relevant for multinational businesses, governments and international organisations in both developed and emerging markets. 

BU551H: MARKETING MANAGEMENT

15 credits

Level 5

Second Sub Session

The course will apply theoretical and practical content to explore the key concepts of marketing management to provide students with an understanding of planning, coordinating and controlling marketing activities. It aims to take students understanding beyond what has been labelled as a transaction-based approach to a relationship-based approach. As such the aim is to provide students with an understanding of the role of marketing in establishing, developing and maintaining relationships for mutual gain. This will be achieved through a combination of lectures, seminars, simulations and directed private study.

BU551K: NEW PRODUCT AND SERVICE DEVELOPMENT

15 credits

Level 5

First Sub Session

Innovation is at the forefront of much of the current economic and political debate to improve the competitiveness of economies and firms. This course will focus on the role of new product development in enabling firms to generate competitive advantage, and the types of problems faced by firms in their innovation management. In particular this course blends the perspectives of marketing, design and manufacturing into a single approach to product development. It provides students with an appreciation for the realities of industrial practice and introduces sets of product development methods that can be put into immediate practice on development projects.

BU5524: INTERNATIONAL REAL ESTATE

15 credits

Level 5

Second Sub Session

This course provides an in-depth examination of real estate markets in Europe, North America, the Asia-Pacific and the transitional/developing world. The course begins with an introduction to trade theory and foreign investment before focusing on specific real estate markets and analysing institutional differences between them and how these differences impact risk, costs and return on investment. The course includes in-depth field study in Europe in which students examine a specific real estate market and create an investment strategy designed specifically to the target market.

BU5525: ADVANCED VALUATION AND DEVELOPMENT

15 credits

Level 5

Second Sub Session

This course applies the principles of valuation to more complex real world examples. Topics covered include rent reviews, compulsory purchase, property investment, property development and national and local taxation. Students are encouraged to critique traditional approaches to valuation and to consider contemporary alternatives. Numeracy and analytical skills are further developed along with expertise in the use of Excel.  In addition, the course also covers professional surveying practice, including ethics, and stimulates discussion on contemporary issues and debates in the real estate industry.

BU5526: PORTFOLIO ANALYSIS

15 credits

Level 5

Second Sub Session

This course examines theories and issues relevant to portfolio analysis. Themes include: risk and return; investment motives; the application of modern portfolio theory (including the Capital Asset Pricing Model); information and market efficiency; portfolio analysis and asset pricing; bonds and equities; real estate and derivative markets.

BU5553: STRATEGIC MARKETING

15 credits

Level 5

Second Sub Session

The course aims to provide participants with a critical understanding of the nature and articulation of the marketing function within modern organisations, and an appreciation of the relative contribution of specific marketing tools to the development of a market orientation.

On completion of the course students will be able to:

1. Critique the key principles and concepts of marketing.

2. Evaluate the role of marketing to modern organisations in private and public sectors.

3. Understand the integration of the marketing function with other organisational functions.

4. Assess the role of identified marketing techniques

BU5554: MANAGING PEOPLE AT WORK

15 credits

Level 5

Second Sub Session

Whether you are intending to manage other people or be responsible for HR functions in a company, this course is intended for you.

You will learn the theories that are the basis for good practice, the skills that are required to put them across and the employment law which governs what we are expected to achieve with our people

This course is run by tutors who have been experienced managers themselves and it will prepare you to pursue a career in management confident and competent to carry out what is expected of you

BU5556: REAL OPTIONS & DECISION MAKING

15 credits

Level 5

Second Sub Session

The goal of this course is to deepen and broaden students' understanding and develop their analytical skills regarding investment decisions under uncertainty and the value of flexibility and information. The course will introduce relevant concepts from economics and finance such as decision trees, the Black-Scholes equation and the binomial option pricing model and discuss how these concepts may be applied to assess investments with applications related to the energy industry such as the development of an oil lease.

BU5557: ISSUES IN ENERGY & PETROLEUM ECONOMICS

15 credits

Level 5

Second Sub Session

Much of this course is devoted to petroleum policies.  Concepts of economic rents from petroleum exploitation and the various mechanisms by which the rents can be collected by the state are discussed, including production sharing and service contracts.  Licensing policies, including relinquishment terms, pricing, procurement, domestic market obligations, the role of state oil companies, and depletion policy are examined.  The Oil Fund concept and the issue of oil and gas security of supply are discussed.  State and private ownership and control of gas acquisition, transmission and distribution to customers are examined.  The economics of CO2 capture and storage is discussed.

BU5558: BUSINESS STRATEGY

15 credits

Level 5

Second Sub Session

The course aims to equip students with the analytical skills required to understand the principles underpinning firms’ business strategies and the nature of the trade-offs that they face in making business decisions in the national and international environment and how these trade-offs are affected by the nature of market competition and by technology. At the end of the course, students will be able to understand and analyse why companies behave the way they do with respect to: (i) the boundaries of the firm, (ii) their positioning in the market, (iii) their interaction with competitors and (iv) their internationalisation strategy.

BU555A: MANAGING CHANGE

15 credits

Level 5

Second Sub Session

The concepts of change and innovation have never been more topical, especially given the commercial context of fierce business competition, shorter product
life cycles and more demanding customers.  Increasingly, long-term commercial success is based on an ability to manage change, to act creatively
and to promote innovation; These processes interconnect and overlap and often present major challenges to modern organizations; We address
these issues through providing detailed case illustrations ranging from the workplace to the wider business market. Learning is
encouraged through interaction, reading, investigation, video and case analysis, and critical discussion.

BU5562: EMPIRICAL METHODS IN ENERGY ECONOMICS

15 credits

Level 5

Second Sub Session

This course will build on the skills introduced in the first semester Quantitative Methods and develop skills in applying a variety of empirical methods taught across the programme to issues in energy.

BU5563: REAL ESTATE FINANCE

15 credits

Level 5

Second Sub Session

The course introduces students to concepts of portfolio management and recent developments regarding real estate investment vehicles. The course takes a financial economics viewpoint and places real estate investments within this context. The course covers such important aspects as securitization of initially illiquid real estate assets, the management of building portfolios and the use of index swap contracts for risk management purposes. The course discusses also real option theory and applies it to land development and the pricing of lease contracts.

BU5565: EMPIRICAL METHODS IN FINANCIAL RESEARCH

15 credits

Level 5

Second Sub Session

This course aims to provide students with the quantitative skills to undertake extended investigation of financial data and assist in financial decision making. It introduces various standard time series techniques such as univariate and multivariate time series modelling, unit root tests, and volatility modelling. Particularly emphasis is on intuitive discussions of the methods, and practical examples and applications are also included.

BU5571: MANAGEMENT ACCOUNTING

15 credits

Level 5

Second Sub Session

This course introduces management accounting and the difference between this strand of accounting and that studied in the BU5031 module.  It develops in students the ability to apply complex problem-solving techniques in the planning, control and decision-making process.  It shows how quantitative methods and analytical techniques can be applied in management accounting solutions to management problems.  The course seeks to develop in students an understanding the organisational context as well as the nature of management accounting information.  The focus is to enhance students’ problem-solving and communication skills, and develop their ability to select and apply appropriate techniques in specific contexts.

BU5573: MARKETING COMMUNICATIONS

15 credits

Level 5

Second Sub Session

Through a combination of lectures, tutorials, workshops, debates and in-course assessment, this course encourages students to critically reflect upon: Social theory and its relevance to marketing communications; Concepts and contemporary thought within the practice of marketing communication; expressive practice.

BU5574: FINANCIAL ANALYSIS AND INTERNATIONAL ACCOUNTING

15 credits

Level 5

Second Sub Session

Like football, this course is a game of two halves. The first half is financial analysis and builds your ability to analyse companies and think about the implications of financial performance for investors. We will be using Datastream and the ThomsonReuters Eikon system. In the second half we will think about the setting of international accounting standards – the system and the principles behind the IFRS’s.

BU5575: FINANCIAL ANALYSIS AND MARKETS

15 credits

Level 5

Second Sub Session

Like football, this course is a game of two halves. The first half is financial analysis and builds your ability to analyse companies and think about the implications of financial performance for investors. We will be using Datastream and the ThomsonReuters Eikon system. In the second half we will think about how stock markets work and how they are regulated.

BU5576: BUSINESS MODEL INNOVATION

15 credits

Level 5

Second Sub Session

This course is about business development and the application of new business models. Increasingly companies have to radically rethink the way they do business if they are to remain competitive. To do this organisations need to be prepared to analyse and challenge their current business models. Through a practical business development project and the analysis of case companies you will be encouraged to explore the tools, techniques and theories used by successful business developers. The course will be especially useful for those interested in strengthening their skills for identifying and evaluating business opportunities.

BU5577: MANAGING HUMAN RESOURCES

15 credits

Level 5

Second Sub Session

Managing human resources is important for survival and prosperity of organizations and economies, and has implications for individual attitudes and well-being.  Managers are expected to contribute to the delivery of the human resource strategy, supported by expert advice and guidance. This module explores the key concepts underpinning the management of human resources and their practical application in organisations today.  Focus on four important themes:

·        Recruitment and selection

·        Equality and diversity

·        Flexible employment and work-life balance

·        Talent management

You will be encouraged to share your views and experiences through class discussion and debate. 

BU5578: REAL ESTATE DEVELOPMENT AND APPRAISAL

15 credits

Level 5

Second Sub Session

This course applies the principles of valuation to more complex real world examples. Topics covered include rent reviews, compulsory purchase, property investment, property development and national taxation. Students are encouraged to critique traditional approaches to valuation and to consider contemporary alternatives. Numeracy and analytical skills are further developed along with expertise in the use of Excel.  In addition, the course also covers professional surveying practice, including ethics, and stimulates discussion on contemporary issues and debates in the real estate industry.

BU5579: INTERNATIONALISATION

15 credits

Level 5

Second Sub Session

International Business is a wide-ranging subject that includes economic, political, cultural and technological facets. The aim of this course is to provide an introduction to the complexities of international business management by examining how the global environment and our understanding of these affect management within an international context.

BU5580: CRITICAL FINANCIAL REPORTING 2

15 credits

Level 5

Second Sub Session

Writing insightful reports that both engage and persuade the reader is a key skill. In a finance setting this is not just about the words but also careful use of well communicated numbers. The aim of this course is for you to produce a 5,000 word report using appropriate communication devise (graphs, tables) to evaluate critically a corporate finance situation of your choosing. The result should demonstrate your research, thinking, presentation and organisational skills.

BU5581: MANAGING SELF AND OTHERS

15 credits

Level 5

Second Sub Session

HRM underpins all that we seek to achieve when working with other people. It includes employment law, personal skills, and the knowledge to assess what is the right approach to the many challenges that face managers every day. This course is run by tutors who have that knowledge, skill and experience. It includes fine tuning your skills in role play which extend through presentations, interviews, and negotiation to achieve success. At the end of the course you will feel confident to face the challenges of management, and convince a prospective employer of your competence and ability.

BU5583: RESEARCH PRACTICE

15 credits

Level 5

Second Sub Session

This course introduces students to what is involved in undertaking business research in practice. Within lectures, tutorials and workshops students will develop an understanding of: Information retrieval and critical analysis; Philosophical issues in the construction of knowledge; Accessing and gathering quantitative and qualitative data; Data analysis; Student/Supervisor expectations.

BU5584: THE LEADERSHIP CHALLENGE

15 credits

Level 5

Second Sub Session

This course provides an opportunity to explore and develop an understanding of your own leadership behaviour. Through seminars, group activities and discussions we investigate how personality, past experience, current situations and culture shape the way each of us behave in a leadership role. Using this information as a starting point we then explore how different leadership theories and approaches can be used as frameworks for developing a deeper understanding of leadership behaviour. You will also have an opportunity to try out a range of practical tools and techniques to assist you in the development of your own approach to leadership. 

BU5594: HEALTH SYSTEMS AND POLICY RESEARCH

15 credits

Level 5

Second Sub Session

The course aims to instill knowledge but, much more importantly, stimulate students’ thinking about the major challenges within different health systems and the options for the health services management. Furthermore, it aims to take a genuinely international perspective on health care, providing knowledge of different health care systems and encouraging comparison and critique. It covers a wide variety of topics including an overview of the health systems around the world, the effects of social inequalities on health inequalities and their repercussions for social policy and issues of public health policy towards tobacco, alcohol and obesity.

BU5595: ACCOUNTING AND REPORTING

15 credits

Level 5

Second Sub Session

Understanding why financial information is needed, how it has been put together, how it is presented and then used is critical for all managers and for those interested in assessing corporate performance. The course covers the foundations of accounting very briefly, focusing firstly on the financial statements, their meaning and interpretation; secondly on the reporting and use of accounting information within the organisation. The course aims to equip the finance-savvy manager, not turn them into an accountant.

BU5596: INTERNATIONAL FINANCE

15 credits

Level 5

Second Sub Session

The world of international finance is a closed box to many. This course will introduce the players, markets and products in an institutional setting. There will be a careful balance between concepts and numeric skills. Using the trading floor will be a key component of this module. 

BU571D: ACCOUNTING AND FINANCE FOR EXECUTIVES

15 credits

Level 5

Second Sub Session

Senior managers and executives are required to interface with accounting and finance staff and services on a frequent basis to understand and manage the strategic, monetary and performance dimensions of the organization. Operational performance, monetarisation challenges in global business, financial risk, fiscal regimes in international business, strategic partnerships and alliances, investment decisions and portfolio analysis are key areas that require understanding and decision-making in inter-professional and multi-cultural teams and contexts.

BU571E: GOVERNANCE, RESPONSIBILITY AND ETHICS

15 credits

Level 5

Second Sub Session

The social and environmental challenge for contemporary business organisations and institutions drives change in a powerful way. The competing logics across internal and external stakeholder groups give rise to a need for new organizational forms that embrace competing views and depend on co-creation and social partnerships. The political and economic backdrop to these dynamic settings is a direct influence on business ventures. The balance between environmental sustainability, social impact, value creation and traditional performance measures brings about a new dynamic for leaders who in turn, are redefining the meaning of success.

BU5847: STUDIES IN ACCOUNTING

15 credits

Level 5

Second Sub Session

If you do not wish to undertake the IFRS certificate, then you will be choosing this course. This is designed for those seeking a more theoretical rather than professional edge to their MSc. You will be teamed with a member of faculty to develop a literature review of a mutually agreed area of accounting research.

BU5848: STUDIES IN FINANCE

15 credits

Level 5

Second Sub Session

If you do not wish to undertake the CFA exam, then you will be choosing this course. This is designed for those seeking a more theoretical rather than professional edge to their MSc. You will be teamed with a member of faculty to develop a literature review of a mutually agreed area of finance research.

BU5849: PROFESSIONAL FINANCE

15 credits

Level 5

Second Sub Session

Becoming a Certified Financial Analyst charter holder is the aspiration of every finance industry professional. This course covers the CFA syllabus courtesy of our friends from FitchLearning who will teach you week by week and prepare you for the CFA level 1 exam. You will also write an essay reflecting on professional and academic approaches to finance

BU5850: PROFESSIONAL ACCOUNTING

15 credits

Level 5

Second Sub Session

This widely recognised certificate-level learning and assessment programme will give you the guidance and knowledge to fully understand and apply IFRSs. The ICAEW programme is self-taught using on-line and manual materials, supplied by BPP, but supported by regular contact with University of Aberdeen staff to address any specific problem areas. By the end of the course students should be able to understand and apply IFRSs principles, concepts and knowledge in a commercial setting.

BU5903: DISSERTATION FOR FINANCE PROGRAMMES

60 credits

Level 5

Second Sub Session

The capstone of your programme. A significant individual piece of work showing your ability to think, research, organise and analyse. You will work with a member of faculty to develop a proposal that you will then turn into 10,000 words of reality!

BU5914: CRITICAL STUDIES PAPER

30 credits

Level 5

Second Sub Session

This course aims to allow students to bring together their knowledge, learning and understanding gathered from across the modules studied. Students are required to choose an appropriate topic, and place it in the context of an appropriate body of literature and identify key concepts, ideas and definitions pertaining to the topic and its development. Students will select appropriate methodology to support the paper and organize empirical and theoretical material observing relevant academic conventions. The work will present a logical and cogent argument in support of conclusions drawn from material consulted.

BU591E: MANAGEMENT EFFECTIVENESS

15 credits

Level 5

Second Sub Session

This course provides a significant focus on personal development and focuses on high level skills in managing complex communication, analysis and leadership challenges. Introductions to key software packages in data analysis, project management and digital presentation are introduced and practice-based sessions offer students the opportunity to self-evaluate and create personal development plans. Good practice is evaluated and critiqued to help set targets and standards for executive performance, particularly in relation to impact and effectiveness in challenging work scenarios.

BU591F: ENTREPRENEURSHIP AND INNOVATION

15 credits

Level 5

Second Sub Session

The social and environmental challenge for contemporary business organisations and institutions drives change in a powerful way. The competing logics across internal and external stakeholder groups give rise to a need for new organizational forms that embrace competing views and depend on co-creation and social partnerships. The political and economic backdrop to these dynamic settings is a direct influence on business ventures. The balance between environmental sustainability, social impact, value creation and traditional performance measures brings about a new dynamic for leaders who in turn, are redefining the meaning of success.

BU591G: STRATEGIC HUMAN RESOURCE MANAGEMENT

15 credits

Level 5

Second Sub Session

The ability of human resource management functions depends on a strong strategic perspective of the direction of an organization in the short and long terms, alongside a synthesized approach to managing and developing human assets. The integration of the human resource management function in a business organisation is therefore the critical point at which strategy is interpreted into values, skills and competences as well as capacity requirements in order to succeed against a performance framework. Issues such as talent management, workforce analysis, reputation and risk, high performance work systems and the international dimensions of business are fundamental to this area of study. Engagement and internal stakeholder processes underpin the strategic management culture in organisations. In turn, these processes feed in to strategic management, strategy formation, visioning and implementation issues.

BU592F: ENTREPRENEURSHIP AND INNOVATION

15 credits

Level 5

Second Sub Session

The social and environmental challenge for contemporary business organisations and institutions drives change in a powerful way. The competing logics across internal and external stakeholder groups give rise to a need for new organizational forms that embrace competing views and depend on co-creation and social partnerships. The political and economic backdrop to these dynamic settings is a direct influence on business ventures. The balance between environmental sustainability, social impact, value creation and traditional performance measures brings about a new dynamic for leaders who in turn, are redefining the meaning of success.

BU5940: NEW VENTURE CREATION

15 credits

Level 5

Second Sub Session

The aim of this course is to equip students with an understanding of key aspects of new venture creation, including business planning, pitching new ideas to investors and managing growth. This is a capstone course, by bringing together a range of different concepts.

BU5941: DISSERTATION IN PETROLEUM, ENERGY ECONOMICS AND FINANCE

60 credits

Level 5

Second Sub Session

This compulsory element of the Masters degree in Petroleum, Energy Economics & Finance is the final stage of the degree programme.

BU5946: STRATEGIC FINANCIAL ANALYSIS

15 credits

Level 5

Second Sub Session

BU5948: TALKING TO TEAMS

15 credits

Level 5

Second Sub Session

This course will help to highlight, in a variety of business and non-business contexts: i) the various real-life ways in which managers’ subtle, highly sophisticated and socially organized communicative actions have a significant impact on the perceptions and performance of the employee groups/teams they supervise and work with; and ii) what communicative methods managers can employ to more effectively relay information to, obtain feedback from, motivate, persuade and, more generally, enhance the performance of their staff teams.

BU5951: ASIAN CITIES - HONG KONG

15 credits

Level 5

Second Sub Session

This is one of four courses that comprise the Asian Cities module.  Students travel to six Asian cities (Hong Kong, Singapore, Shanghai, Beijing, Seoul and Tokyo) over approximately thirty days in July. This intense program involves daily meetings and seminars with key real estate investment and development professionals. Participants will complete four case studies based on current development projects and investment scenarios in four of six cities visited. This program follows a rigorous schedule with students engaged in site visits, lectures, discussions and seminars for upwards of 8 hours a day, 5 days a week over the month long course.

BU5952: ASIAN CITIES - SEOUL/TOKYO

15 credits

Level 5

Second Sub Session

This is one of four courses that comprise the Asian Cities module.  Students travel to six Asian cities (Hong Kong, Singapore, Shanghai, Beijing, Seoul and Tokyo) over approximately thirty days in July. This intense program involves daily meetings and seminars with key real estate investment and development professionals. Participants will complete four case studies based on current development projects and investment scenarios in four of six cities visited. This program follows a rigorous schedule with students engaged in site visits, lectures, discussions and seminars for upwards of 8 hours a day, 5 days a week over the month long course.

BU5953: ASIAN CITIES - SINGAPORE

15 credits

Level 5

Second Sub Session

This is one of four courses that comprise the Asian Cities module.  Students travel to six Asian cities (Hong Kong, Singapore, Shanghai, Beijing, Seoul and Tokyo) over approximately thirty days in July. This intense program involves daily meetings and seminars with key real estate investment and development professionals. Participants will complete four case studies based on current development projects and investment scenarios in four of six cities visited. This program follows a rigorous schedule with students engaged in site visits, lectures, discussions and seminars for upwards of 8 hours a day, 5 days a week over the month long course.

BU5954: ASIAN CITIES - SHANGHAI/BEIJING

15 credits

Level 5

Second Sub Session

This is one of four courses that comprise the Asian Cities module.  Students travel to six Asian cities (Hong Kong, Singapore, Shanghai, Beijing, Seoul and Tokyo) over approximately thirty days in July. This intense program involves daily meetings and seminars with key real estate investment and development professionals. Participants will complete four case studies based on current development projects and investment scenarios in four of six cities visited. This program follows a rigorous schedule with students engaged in site visits, lectures, discussions and seminars for upwards of 8 hours a day, 5 days a week over the month long course.

BU5955: REAL ESTATE DISSERTATION

60 credits

Level 5

Second Sub Session

The dissertation is an independent piece of work.  The choice of topic is largely your own but approval must be obtained from the course coordinator and your dissertation supervisor. The dissertation should contain a large degree of original work and allow you to demonstrate in depth the skills and knowledge you have acquired on the MSc. The dissertation should be around 15000 words in length. You will be expected to show competence for independent work and to demonstrate a clear definition of the problem or subject area to be studied and the formulation and expression of a logical, workable solution.  

BU5958: BUSINESS PROJECT

60 credits

Level 5

Full Year

BU5962: ENERGY FINANCE

15 credits

Level 5

Full Year

BU5963: FUTURE ENERGIES

15 credits

Level 5

Full Year

The aim of this Module is to provide you with a critical understanding of the complex nature of the global energy sector and to encourage students to engage in a process of multi-future thinking. You will be involved in a process of scenario development, involving mapping sector-critical challenges. The process of environmental scanning will be supported by a number of industry speakers talking about their various perspectives on the challenges facing the energy industry.

BU5965: SUPPLY CHAIN MANAGEMENT

0 credits

Level 5

Second Sub Session

The Supply Chain Management course aims to provide delegates with a broad understanding of supply chain management and how it relates to the energy industry. Completing the course participants will: Understand how supply chains can be effectively designed and controlled in a range of circumstances; be able to evaluate approaches to the management and development of the supply chain; and discuss the characteristics of contemporary supply chains and assess their contribution to organisational effectiveness.

BU5967: MRES DISSERTATION

60 credits

Level 5

Second Sub Session

BU5969: WORK BASED PROJECT

30 credits

Level 5

Second Sub Session

BU5971: ESSENTIAL HUMAN RESOURCE PRACTICES

15 credits

Level 5

Second Sub Session

This course aims to deliver a `best practices’ primer on human resource (H.R.) activities associated with successful organizations in the private and public sector. Students will gain an understanding of the linkages between various HR policies and procedures, and key organizational outcomes. Furthermore, they will gain the ability to critically appraise and analyse various methods of organizing and employing human resources in the organizational context. Learning will be encouraged by student and instructor interaction, reading, class discussions, and group work. The course integrates academic research findings on HR topics with practical issues faced by individuals in the workplace.

BU5972: FINANCIAL MATHEMATICS DISSERTATION

60 credits

Level 5

Second Sub Session

‚ÄčThere is an interest in raising the level of understanding of mathematics in the financial sector. This course is a part of the new MSc programme in Financial Mathematics and provides students with the theoretical and practical skills related to mathematical modelling of financial markets.

BU5975: PROFESSIONAL SKILLS FOR FINANCE AND DATA ANALYSIS

15 credits

Level 5

Second Sub Session

Being a finance-savvy manager requires knowledge, critical thinking and a skill set. The skills set is quantitative, but also includes social skills and communication skills. This module aims to develop all of these areas to equip the student for not only the critical finance project but also the work-world ahead.

BU5980: CRITICAL FINANCIAL REPORT 2

15 credits

Level 5

Second Sub Session

Writing insightful reports that both engage and persuade the reader is a key skill. In a finance setting this is not just about the words but also careful use of well communicated numbers. The aim of this course is for you to produce a 5,000 word report using appropriate communication devise (graphs, tables) to evaluate critically a corporate finance situation of your choosing. The result should demonstrate your research, thinking, presentation and organisational skills.

BU5981: CORPORATE GOVERNANCE AND ETHICS

15 credits

Level 5

Second Sub Session

Corporate governance and ethics are critical to corporate life. Often interpreted as just about the relationship between shareholders and the management of the company, this module will extend the critical investigation into how companies are governed top consider the impact and accountability to other stakeholders. Ethics in business, including finance, is a key area acknowledged by all professional bodies, but often in bounded ways, only answering the questions that fit within preset bounds.

BU5991: DIGITAL MARKETING

15 credits

Level 5

Second Sub Session

The course provides both a strategic orientation and tactical orientation:

Strategic:

§  How to align digital strategy with a wider business strategy

§  The value that (internal and external) research and analytics can bring to digital marketing decisions

Tactical:

§  Assess the quality of any website based on a range of important measures

§  Benchmark a website’s performance against online competitors

§  Investigate the potential of a business idea for a given market sector

§  Present digital marketing research and advice to a generalist audience

§  Understand the potential commercial value of social media

§  Interpret onsite analytics in support of business objectives

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