OVERVIEW

Microfinance is one of the fastest growing service sectors in developing countries, particularly in Sub-Saharan Africa and Asia, where small scale entrepreneurs are not able to secure loans from the traditional financial institutions to expand their businesses.  The MCOM in Microfinance is to equip individuals with skills and knowledge needed to manage microfinance operations. This programme is aimed primarily at development practitioners, microfinance professionals, policy makers, donor staff, socially responsible investors, students, and others who want to improve their knowledge of best practices in microfinance.

Content


PHILOSOPHY OF MCOM- MICROFINANCE

The philosophy revolves around responsiveness to clients’ demands in an efficient and effective manner.  Therefore the PUC programme in Microfinance is directed at students who want to acquire expertise in a wide range of appropriate products and services, which will benefit both the social and financial under-privileged.  It also provides students with the necessary tools and approach to the challenges facing the microfinance sector today.   The programme is designed to serve as a catalyst for change and development that will enable individuals to rise above limiting circumstances and work towards a better quality of life.

OBJECTIVES OF MCOM- MICROFINANCE

At the conclusion of this course it is envisaged that students will develop an understanding of: 

  • key issues and debates in microfinance
  • the utility of microfinance – and its limitations – in addressing poverty
  • the impacts of microfinance on women’s well-being
  • the different delivery mechanism of microfinance, the principles they work from and their relative strengths and weaknesses, and
  • develop skills in relating the theoretical perspectives and debates about microfinance to practice and policy situations.


MCOM- MICROFINANCE COURSE STRUCTURE

FIRST YEAR

First Semester

Course Code

Course Title

Credit Hours

MBAC 601

Quantitative Methods

3

MBAC 603

Business Research Methods

3

MBAC 605

Accounting for Managers

 3

MCOC 607

International Accounting & Taxation

3

MBAC 609

Business and Legal Environment

3

MBAC 611

Management and Organizational Behaviour

3

Total Credit

18

 

Second Semester

Course Code

Course Title

Credit Hours

MBAC 602

Managerial Economics

3

MBAC 604

Marketing Management

3

MCOC 604

Enterprise Risk Management

3

MCOC 608

Public Sector Economics

3

MBAC 612

Management Information System (MIS)

3

MBAC 614

Research Seminar I

3

Total Credit

18

 

SECOND YEAR

First Semester

Course Code

Course Title

Credit Hours

MBAC 615

Research Seminar II

3

MBAC 617

Operations Management

3

MCOM 619

Rural Finance

3

MCOM 621

Development Economics

3

MCOM 623

Entrepreneurship and Small Business Management

3

MCOM 625

Microfinance Management

3

Total Credit

18

 

Second Semester                                                                      

Course Code

Course Title

Credit Hours

MCOM 626

Project Appraisal/Business Plans

3

MCOM 628

Gender and Development

3

MBAC 632

Long Essay

6

Total Credit

12


 
Total Credits for the Entire Programme is 66 Credit Hours

COURSE DESCRIPTIONS 

MBAC 601 Quantitative Methods

This course provides the fundamental quantitative knowledge necessary for managers to use the results of analyses to enhance the decision-making process.  This course will enhance students' ability to perform the necessary quantitative analyses, understand the usefulness and limitations of the methods and recognize situations where the methods can be applied beneficially, and issues involved when utilizing the results of analyses. The course provides the analytical tools needed for making informed business decisions using data. The focus is on decision making using the tools of mathematics. Topics to be treated will include basic statistical principles such as probability distributions, inferential statistics (sampling), regression analysis, decision trees, utility theory, and simulation.

Reading List

  • Chiang Alpha C. (1984) Fundamental Methods of Mathematical Economics (3rd ed.): U.S.A, McGraw-Hill Publishing Company.
  • Macleod, Stewart, Ferrier, Gordon (2002), Quantitative Methods: U.S.A, Crucial Publishers.
  • Mohammed, Adil Hasan (2000), Quantitative Method for Business and Economics (3rd ed.): U.S.A, L M.E sharp Publishers.
  • Sweeney, Denis J., Anderson, David R., William Thomas A., Camm Jeff D., Martin Kipp R. (2009), Quantitative methods for Business (11th ed.): UK, Cengage Learning.   
  • Waters, Donald, Waters, Donald J. (2008), Quantitative Methods for business (4th ed.): UK Prentice Hall.


MBAC 602 Managerial Economics

This course focuses on the application of economics theory in management analysis and decisions, and their relevance to business decision-making; therefore, it is designed to select the mathematical tools, topics and techniques essential for success in today’s business and economics. Topics covered in the course include: Price Determination in Alternative Market Structures, Demand and Supply Theories, Production and Costs Functions, and Decision-making under Uncertainty using Game Theory from a Business viewpoint.  Other topics covered are Exchange Rates, Interest Rates, Economic Policy, Inflation and International Trade. In addition, the course will provide a basic introduction to econometric analysis and its role in managerial decision-making. 

Reading List

  • Hirschey, Mark (2008), Managerial economics (12th ed.): UK. Cengage Learning.
  • McGuigan J. R., Moyer Charles R., deB, Harris F. H. (2008), Managerial Economics, Applications, Strategy, and Tactics (11th ed.): U.S.A, Thompson South-Western Publishing.
  • Pug, I., Lehman, Dale (2007), Managerial Economic (3rd ed.): New York, Wiley – Blackwell.
  • Webster, Thomas J. (2003), Managerial Economics Theory and Practice, UK, Emerald Group publishers.


MBAC 603 Business Research Methods

The objective of this course is to introduce students to business research methods. It is designed to ensure that students acquire practical research skills, understand the principles of research and also help students to link the research process with theories. Topical areas will include the meaning of research, research problems, types of research, research process and design, choice of research topic, components of research proposal, literature review, research strategies, sampling analysis, data collection, research ethics, data analysis, and report writing. 

Reading List

  • Black, Ken (2009), Business Statistics: Contemporary Decision Making (6th ed.): USA, John Wiley and Sons.
  • Bryman, Alan, Bell, Emma (2007), Business Research Methods (2nd ed.): UK, Oxford University Press.
  • Lucey T. (1997), Quantitative Techniques: Chicago, ELBS with DP Publication.
  • Vitalis, A., Zepp, K. A. (1989), Business Research and Statistics, USA, API Press.


MBAC 604 Marketing Management 

This foundation course in strategy covers a range of Core concepts and analytical techniques relating to competitive advantage in global organizations.  It deals with both classical and contemporary issues of importance such as industry analysis, Core competence of organizations, top management teams and corporate governance, product/market scope decisions, and value chain analysis.  The emphasis is on the application of analytical tools and frameworks to understand complex strategy issues.

Reading List

  • Hollensen, Svend (2010), Marketing Management: A Relationship Approach (2nd ed.): New York, Pearson Education.
  • Kotler, Philip (2000), Marketing Management (10th ed.): India, Prentice Hall.
  • London, David L., Stevens, Robert E., Wrenn, Bruce (2004), Marketing Management Text and cases, London, Routledge
  • Mullins, J., Walken, Orville (2012) Marketing Management: A strategic Decision – Making Approach (8th ed.): USA, McGraw – Hill Companies, Inc.
  • Peter, Paul J., Donnelly, James H. Jr. (2010), Marketing Management (10th ed.): USA, McGraw- Hill Companies, Inc.

    
MBAC 605 Accounting for Managers

Business managers at various level of management require understanding of financial and management accounting principles for effective discharge of their managerial roles. This course is designed to provide managers with sound understanding of such accounting matters. Financial accounting topics to be covered in the syllabus include the accounting equation, preparation and analysis of financial statement using tools such as ratios. Cost and management accounting topic to be discussed would include costing methods and costing techniques. Planning and cost control aspect of organizations shall be discussed using budgetary controls and variance analysis. Performance measurement and divisional control shall also be discussed.

Reading List

  • Burns, William J. (2005), Accounting for Managers: Text and Case (3rd ed.): USA, Thomppson /South –Western.
  • Collier, Paul M. (2012), Accounting for Managers: Interpreting Accounting Information for Decision- Making (4th ed.): USA, John Wiley and Sons
  • Gopal, Rana (2009), Accounting for Managers: USA, New Age International.
  • Webster, William H. (2003), Accounting for Managers: USA, McGraw-Hill Professional.


MCOC 606 Enterprise Risk Management 

The course has two major and interrelated parts—enterprise risk management and accounting policy. The first part of the course looks at the strategic, operational, and financial risk that organizations face. Through case study, the process of risk identification, risk assessment, and risk monitoring is covered. The second part of the course focuses on the accounting policy making process including case discussions of specific corporate policy making in reporting to shareholders and other stakeholders.  

Reading List

  • Duckert, G. H. (2010), Practical Enterprise Risk Management: A Business Process Approach: USA, John Wiley and Sons.
  • Monahan, Gregory (2008), Enterprise Risk Management: A Methodology for Achieving Strategic Objectives: USA, John Wiley and Son.
  • Olson, David L., Wu, Desheng D. (2008), Enterprise Risk Management: Singapore, World Scientific Publishing Co. Plc. Ltd.
  • Olson, David L., Wu, Desheng D. (2010), Enterprise Risk Management Models: USA, Springer.


MCOC 607 International Accounting & Taxation

The object of the course International Taxation is to provide the students with a thorough understanding and command of national Ghanaian as well as international tax law enabling them to address analyze and solve issues concerning international taxation.  The course will focus on relevant sources of Ghanaian and International laws. The important provisions in Ghanaian tax law concerning tax liability for individuals and companies will be addressed including issues concerning exit taxation. Further, the scope of limited liability to Ghana for foreign companies and individuals as well as special Ghanaian tax incentives for foreign investors working in Ghana will be addressed. The topics beneficial ownership in relation to dividend distributions as well as requalification of entities for tax purposes will be discussed. Joint taxation problems will also be addressed. The course will also consider international taxation from the perspectives of: domestic operations owning foreign subsidiaries, and foreign subsidiaries owning domestic subsidiaries and consolidation.

Reading List

  • Choi, Fredeick D. S., Mueller, Gherhard G. (1992), International Accounting (2nd ed.): UK, Prentice Hall.
  • Read, Colin (2007), International Taxation Handbook: Policy, Practice, Standards, and Regulations: USA, Elsevier.
  • Sale, J. Timothy (2007), Advances in International Accounting: USA, Elsevier.
  • Walton, P., Haller, A., Raffournier C. (2003), International Accounting (2nd ed.): UK, Cengage Learning EMEA


MCOC 608 Public Sector Economics

Public Sector Economics discusses the impact of government revenues and expenditures on economic activity, with special reference to developing countries. The course raises theoretical and empirical issues relating to the role of the public sector in economic development. The course is comprehensive in scope. Topics include public goods, market failure, the role of government, public choice and political business cycles, public expenditure growth, structural adjustment and taxation.

Reading List

  • Bailey, Stephen J. (2002), Public Sector Economics: Theory, Policy, and Practice (2nd ed.): UK, Palgrave.
  • Howard, Michael (2001), Public Sector Economics for Developing Countries: India, University of West Indies Press.
  • Robbins, Donijo (2005), Handbook of Public Sector Economics: USA, Taylor and Francis.
  • Stiglitz, Joseph E. (2000), Economics of the Public Sector (3rd ed.): UK, W. W. Norton.
  • Tresch, Richard W. (2008), Public Sector Economics: London, Palgrave Macmillan.


MBAC 609 Business and Legal Environments

This course is designed to provide students with an overview of various legal concepts and principles impacting business. It introduces students to a broad array of information and develops relevant skills encompassing the dynamic nature of the legal environment and its relationship to the transactional and functional aspects of business by incorporating unique instructional methodologies that combine theory with real life case examples of practical application and significance.  Topical areas include procedural laws and the court system; alternative means of dispute resolution; constitutional law, torts/products liability, business crimes, contracts, sales, forms of business organizations, and employment regulation.

Reading List

  • Halbert, J., Ingulli, Elaine (2011), Law and Ethics in Business Environment (7th ed.):   USA, Cengage Learning
  • Meiners, Roger E., Ringles A. H., Edward, Francis L. (2011), The Legal Environment of Business (11th ed.): USA, Cengage Learning
  • Miller, Roger L., Cross, Frank B. (2012), The Legal Environment Today: Business in its Ethnical, Regulatory, E – commerce, and Global settings (7th ed.): UK, Cengage Learning.
  • Ringles, Al H., Meiners, Roger E., Edwards, Frances L. (1993), Managing in the Legal Environment (2nd ed.): USA, West Pub. Co.
  • Schaffer, R., Augusti, F., Eanle, Beverley (2008), International and Business Law and it Environment (7th ed.):  USA, Cengage Learning


MBAC 611   Management and Organizational Behaviour

This course examines the range of individual and group behaviour in an organization.  The course will take a functional approach to the study of business management, and will integrate organizational behaviour theories with an understanding of managerial practices.  Students will learn to apply these concepts to organizational settings by the use of examples, case-studies and exercises.  Topics to be covered include: personality and attitudes, perception, motivation in the work setting, group and team behaviour, leadership, interpersonal communication, and organizational design and culture.

Reading List

  • Cook, Curtis W., Hunsaker, Philip L. (2002), Organizational Behaviour and Management (3rd ed.): USA, McGraw-Hill/Irwin.
  • Martin, J., Fellenz, Martin (2010), Organizational Behaviour and Management (4th ed.): New York, Cengage Learning EMEA.
  •  
  • Pierce, Jon L., Gardener, Donald G., Dunham, Randall B. (2001), Management and Organizational Behaviour: An Integrated Perspective: New York, Cengage Learning EMEA.
  • Saha, Jayantee (2009), Management and Organizational Behaviour: India, Excel Books,


MBAC 612 Management Information System

This course examines the role of information systems in supporting a wide range of organizational functions. The aim of this course is to enable students to appreciate the opportunities and problems that managers in a wide range of organizations face as they attempt to use these information technology (IT) applications to add value to their businesses. The courses explains basic concepts for IT/IS management discusses organizational, business and strategic issues surrounding IT/IS, and analyze and evaluate uses of strategic IT/IS in practice. Topics to be treated includes; the strategic role of information systems, information systems and organizations, information, management, and decision making, the challenge of information systems, managing data resources, managing international information systems and ethical and social impact of information systems.

Reading List

  • Laudon, Kenneth C., Laudon, Jane P. (2011), Management Information Systems: Managing the Digital Firm: UK, Prentice Hall.
  • O’Brien, James A., Mavakas, George M. (2008), Management Information Systems (8th ed.): U.S.A, McGraw- Hill/Irwin,
  • OZ, Effy (2008), Management Information Systems (6th ed.): U.S.A, Cengage Learning.
  •    
  • Post, Gerald V., Anderson, David Lee (2005), Management Information Systems, (4th ed.): U.S.A, McGraw –Hill /Irwin


MBAC 614 Research Seminar I

This Seminar is compulsory for all students aimed at giving students the opportunity to present their research papers. This Seminar will also expose students to leading experts in the fields of business, academia and public and private sectors.  Thus, it will provide the platform for academic researchers, professional practitioners and students the opportunity to present, exchange views, share findings and discuss new developments and challenges in business.  

Reading List

  • Black, Ken (2009), Business Statistics: Contemporary Decision Making (6th ed.): USA, John Wiley and Sons.
  • Bryman, Alan, Bell, Emma (2007), Business Research Methods (2nd ed.): UK, Oxford University Press.
  • Lucey T. (1997), Quantitative Techniques: USA, ELBS with DP Publication.
  • Vitalis, A., Zepp, K. A. (1989), Business Research and Statistics: USA, API Press.


MBAC 615 Research Seminar II

The objective of this course is to introduce students to business research methods. It is designed to ensure that students acquire practical research skills, understand the principles of research and also help students to link the research process with theories. Students will be exposed to real life situations by inviting professionals in the various business areas or set up where students can interact with them on potential challenges they might face in the business world and help them on how to solve such challenges.

Reading List

  • Black, Ken (2009), Business Statistics: Contemporary Decision Making (6th ed.): USA, John Wiley and Sons.
  • Bryman, Alan, Bell, Emma (2007), Business Research Methods (2nd ed.): UK, Oxford University Press.
  • Lucey T. (1997), Quantitative Techniques: USA, ELBS with DP Publication.
  • Vitalis, A., Zepp, K. A. (1989), Business Research and Statistics: USA, API Press.


MBAC 617 Operations Management

This course is designed to emphasize the strategic importance of operations management to the overall performance of the enterprise. A functional view of how to manage the activities involved in the process of converting or transforming resources into products or services. Thus, the course examines the concepts for designing, planning and improving manufacturing and service organizations. Topics include; product and process planning and design, forecasting, facility location and layout, production staffing, job design and work measurement, capacity planning, aggregate planning, inventory management, requirements planning, operations scheduling, Just-in-time, and quality assurance.

Reading List

  • Barnes, David (2005), Operations Management: An International Perspective: U.S.A, Cengage Learning EMEA. 
  • Bettley, A., Mayle, D., Tantoush, T. (2005), Operations Management: A Strategic Approach: U.S.A, Sage Publications,
  • Brown, Steve (2001), Operations Management: Policy, Practice and Performance Improvement: USA, Butterworth–Heinemann
  • Stephenson, Williams J. (2009), Operations Management (10th ed.): U.S.A McGraw–Hill/Irwin.
  • Vidler, Chris (2001), Operations Management: U.S.A, Heimann Publishers


MCOM 619 Rural Finance

This course gives students the ability to apply robust research results in successful policy-influencing activities.  The course covers the analysis of rural financial markets and other finance and development questions, particularly those concerning the design and implementation of financial reform programs, the establishment of regulation and supervision frameworks, and the provision of financial services to difficult clienteles (small farmers, rural and urban microenterprises, the poor, and women) in developing countries. To achieve this, the following areas will be covered; the creation of a favourable policy, legal, and regulatory environment; the creation and strengthening of sustainable financial institutions dedicated to serving rural clients; and the promotion of new and innovative financial products and agricultural risk management techniques. 

Reading List

  • Adelman, Philip J., Marks, Alan M. (2009), Entrepreneurial Finance (5th ed.): UK, Prentice Hall.
  • Basu, Priya (2006), Improving Access to Finance for India’s Rural Poor: Washington, World Bank Publications.
  • Lazar, Daniel (2008), Micro Finance and Poverty Eradication: USA, New Century Publications.
  • Yaron, J., Benjamin, McDonald P., Piprek, Gerda L. (1997), Rural Finance: Issues, Design, and Best Practices: Washington, World Bank Publications.
  • Yunus, Muhammad and Jolis, Alan (2003), Banker to the Poor: Micro-Lending and the Battle Against World Poverty: Bangladesh, Public Affairs.

MCOM 621 Development Economics

The course will study the special problems faced by the less developed countries of the world and the economic mechanisms that must be taken into account in raising living standards. Topics considered may include population growth, the demographic transition, migration, savings and capital accumulation, economics of education/human capital, and health, the dynamics of income distribution and institutional change, firm structure in developing countries, institutions and the development process, and functioning of financial markets, and credit market institutions in emerging markets.  

Reading List

  • Aryeetey E., Ravi, K. (eds.) (2008), The Economy of Ghana: Analytical Perspective on Stability, Growth and Poverty: Legon, University Press.
  • Fisher, Thomas and Sriram, M. S. (2002), Beyond Micro-credit: Putting Development back into Microfinance: India, Sage-Vistaar Publications.
  • Ray, D. (1998), Development Economics: USA, Princeton University Press.
  • Siggel, Eckhard (2005), Development Economics: A Policy Analysis Approach: UK, Ashgate Publishing Ltd.
  • Todaro Michael P. (1989), Economic Development in the Third World (4th ed.): London, Longman.

 MCOM 623 Entrepreneurship and Small Business Management

This course provides specialized instruction to both theory and practical application of the small business principles necessary for the operation of a successful small business. It is designed for students who want to evaluate going into business for themselves or working for a small business, as well as for those in existing businesses who desire to upgrade their skills. The course content should prove valuable to small business sales, finance, personnel and the concepts and current practices of managing a small business. It combines research and methods necessary to provide students the skill to complete a detailed analysis of their small business idea. By the end of the course the student will have completed a detailed business plan ready for small business start-up.

Reading List

  • Farnham, D. (1999) Managing in a Business Context, People and Organizations: UK,
  • Institute of Personnel and Development, University of Portsmouth Press,
  • Olomi D.R. (2003), Entrepreneurship and Small Business Development, a Tanzanian
  • Perspective: Tanzania, University of Dar es Salaam, Entrepreneurship Centre.
  • Strokes D, (2002), Small Business Management (4th ed.): U.K, TJ International, Padstow and Cornwall.
  • Williams, S. (2006), The Financial Times Guide to Business Start-Up: UK, Pearson
  • Education.
  • Zimmerer, T.W. and Scarborough, N.M. (2005), Essentials of Entrepreneurship and Small Business Management (4th ed.): New Jersey, Pearson Education.


MCOM 625 Microfinance Management

The course is intended to give an exposure to students on the theoretical underpinnings on microfinance, and also the nature and structure of the economy of Ghana.  It broadly covers two themes:  1) the various models of microfinance available and 2) the development aspects of microfinance activity including diverse approaches used in the for-profit and not-for-profit sectors.  In addition, students are expected to do some additional readings and make a presentation at the end of the course.  We would invite practitioners to give a talk and interact with the students. Topics to be treated include the rural finance sector, how microfinance differs from other forms of finance, the concept of trust, social collateral and transaction costs, social security and risk cover, and the challenges in microfinance such as costs, efficiency and sustainability, and economic and population growth issues.  

Reading List

  • Allen, Kattleen R. (2006), Growing and Managing a Small Business: An Entrepreneurial Perspective (2nd ed.): USA, Houghton Mifflin Co.
  • Moore, Carlos W. (2008), Managing Small Business: An Entrepreneurial Emphasis (14th ed.): London, Cengage Learning EMEA.
  • Sharma, Harsh B. (2007), Managing Microfinance, ICFAI University Press.
  • Randhawa, B. and Gallardo L. (2003), Microfinance Regulations: Implications for Development of the Industry: World Bank, Africa Region Working Paper Series No. 51
  • Wangwe, S. (2004), Innovation in Rural Finance in Tanzania: Arusha, Paper presented at the Third Annual Conference on Microfinance held at 15th to 17th March, 2004.

MCOM 626 Project Appraisal/Business Plans

This course intends to introduce students to the various aspects of project planning, financing appraisal and control with particular emphasis on learning practical skills and concepts for developing project appraisal and business planning applications.  The course content includes building accurate, efficient and reliable project and planning models, project planning and appraisal, strategic planning, determining the criteria for selection of projects, generation of project ideas, market and demand analysis and cost-benefit analysis.  

Reading List

  • Baum, W. C. (1982), The Project Cycle: Washington DC, The World Bank.
  • Curry, S., Weiss, John (2000), Project Analysis in Developing Countries (2nd ed.): London and New York, St Martin’s Press.
  • Finzi ,Ugo (1992), The World Bank and Project Analysis: An Introduction: Economic Development Institute, Washington DC, The World Bank.
  • Fitzgerald, E. V. K. (1978), Public Sector Planning for Developing Countries: London, Macmillan

MCOM 628 Gender and Development
Gender perspectives in local management and community development programs lie in the fact that decision-making processes always start at the household and individual level. Benefits accrued from education and awareness building programmes targeted at women, are in most cases ploughed back to the family and have impact on the livelihood of the household.  In Ghana as in many other developing countries, women play an essential role in the management of natural resources, and often have a profound traditional and contemporary knowledge of the natural world around them. It is from this background that students shall be introduced to gender and development issues in Ghana. Topics such as the intra-household relations and how they affect the role of women in food security, poverty alleviation, environmental management and good governance will be discussed.  

Reading List

  • Datta, R. and Kornberg, J. (2002), Women in Developing Countries, Assessing Strategies for Empowerment: London, Lynne Rienner Publishers.
  • Kabeer, N. (2003), Gender Mainstreaming in Poverty Eradication and the Millennium Development Goals: London, The Commonwealth Secretariat.
  • Kabeer, N. and Subrahmanian, R. (1999), Institutions, Relations and Outcomes, Framework and Case Studies for Gender Aware Planning: London, Zed Books.
  • Karl, M. (1995), Women and Empowerment, Participation and Decision-Making: London, Zed Books.
  • MBAC 632 Long Essay

Candidates shall take a compulsory 60-page Long Essay.  Every candidate will be assigned a supervisor from the specialized area that will provide guidance in the writing and presentation of the final report. This will constitute six (6) credit hours. 

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