INTERNATIONAL BLACK SEA UNIVERSITY - შავი ზღვის ... · Admission to the educational program without passing Unified National exams may be allowed only in cases considered

შავი ზღვის საერთაშორისო უნივერსიტეტი -INTERNATIONAL BLACK SEA UNIVERSITY - შავი ზღვის საერთაშორისო უნივერსიტეტი - INTERNATIONAL BLACK SEA UNIVERSITY - შავი ზღვის საერთაშორისო უნივერსიტეტი - INTERNATIONAL BLACK SEA UNIVERSITY - შავი ზღვის საერთაშორისო უნივერსიტეტი

EDUCATIONAL PROGRAM

IBSU.R36.I2.F1E; Revision No.: 0 Page No: 1/1

Coordinated with the Quality Assurance Office

Minutes № 9, August 21, 2017

Head of the office /Assoc. Prof. Dr. Diana Mchedlishvili/

Reviewed at the Faculty Board


Dean of the Faculty /Prof. Dr. Tea Kbiltsetskhlashvili/

Approved by the Academic Board


Rector /Prof. Dr. Ilyas Ciloglu/

Bachelor’s Educational Program in

Finance

Tbilisi

2017 year


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Direction: Business Administration - 02

Field/ Specialty: Finance - 0204

Name of the Educational Programme: Finance / ფინანსები

Faculty: Business Management

Programme Coordinator(s): Avtandil Gagnidze, Professor, Doctor

Mobile: +995 597 999 554;

E-mail: [email protected]

Education Cycle: Bachelor’s (First Cycle of Higher Education)

Type of the Programme: Major

Awarded Qualification: Bachelor of Business Administration in Finances / ბიზნესის ადმინისტრირების ბაკალავრი ფინანსებში

Code of Qualification: 0204

Language of Education: English

mailto:[email protected]


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Credit Value of the Programme: 240 ECTS

Structure of the Programme: University employs European Credit Transfer System (ECTS): 1 ECTS = 25 hours that contain both contact hours and student’s

independent working hours.

The progam covers 240 credits, including:

General educational courses – 20 credits, including: Academic Writing – 5 credits; Information Technology – 5 credits; Internship – 10 credits;

Foreign Language – 15 credits;

Compulsory Courses of Major – 110 credits;

Elective Courses of Major – 25 credits;

Free Credits – 10 credits;

Courses of Minor Program/Free Credits – 60 credits.

Programme Admission Precondition: According to the Georgian law, passing Unified National Exams is required to be admitted to the educational program. Student of

a bachelor program can become anyone with secondary education.

Admission to the educational program without passing Unified National exams may be allowed only in cases considered by the Georgian law.

Purpose of the Programme: The aim of the program is to prepare highly qualified personnel with basic theoretical and practical knowledge and skills important to the

profession of Finance. The skills mentioned above imply the ability of graduates to acquire and collect financial information, to digest, analyze and communicate this

information, and based on the analysis of the financial information above the ability to make proper decisions;


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The program aims to provide students not only with theoretical knowledge, but with practical experience as well by supporting them organize an internship in

different enterprises, like banks, insurance companies, investment agencies, real estate, brokerage companies and so on. Having a practical experience besides

theoretical knowledge is critically important to meet contemporary requirements of today’s competitive market;

The aim of business education is to provide public as well as private sectors with specialists who are oriented to achieving goals, solving problems and contributing to

the development of field-related spheres and organizations.

One of the important factors for a country’s development is having effective financial and banking institutions. Therefore preparing porfessionals for these sectors is

crucial for a county’r success and prosperity.

Recently, the share of the financial sector (including banking systems) has been increased in the economy of Georgia. Consequently there is high demand on qualified

workers in financial institutions (including commercial banks, insurance companies, investment banks, asset management companies, investment companies and

funds), private and public organizations.

The educational program in Finance aims to prepare competitive professionals who can correspond to a contemporary labour market demands and needs.

In addition, one of the primary goals of this program is to organize educational process that is best suited to students needs and requirements. At the same time the

educational program in Finance is result-oriented and effective academic performance of students.

Since finance is a very vast subject, this program puts particular emphasis on the financial environment of business, by taking into consideration specifics of Georgia

and best practices and recommendations of such well-known international organizations as IMF, WB, OECD, EU. The problem-oriented learning process and

contemporary knowledge enable students to gain proficient qualification and become competitive financial specialist possessing all valuable tools to saticfy modern

requirements of demanding labour market.

Apart from giving theoretical knowledge, the educational program in Finance pays great attention to equipping students with creative and analytical thinking,

decision-making and communications skills, also self-developing abilities. Not only this particular program but the whole university tries hard to create conditions for

successful careers for its students and this is done by enabling students to participate in internship programs in the private and public sectors. This kind of expericne

helps students to plan and develop their own future careers.


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Finance itself is a highly specialized field and there is no shortage of jobs for competent professionals who have a strong knowledge and expertise in their domain area

within finance. A degree in Finance can lead students to a career in public sector financial organizations, commercial banks, insurance companies, brokerage firms,

share-holding companies, stock exchanges, analytical and consulting firms.

Learning Outcome: Outcome of the studies are the union of the competencies, which determine what students should know, understand, or will be able to do during

learning process or at different levels after graduating. Upon successful completion of the university education finance students will formulate the following

competences:

Knowledge and

understanding

✓ The knowledge of business management basics (business functional areas: general management, project management, marketing

and retailing, human resources management, finance and accounting, communication management and information technology

skills, which acts as a prerequisite for professional skills-development;

✓ Understanding of the general financial environment, theories related to the financial markets and institutions, principles and

basic strategies, as well the financial aspects related to the operation of the private business entities;

✓ The knowledge of banking, insurance and capital market categories;

✓ The knowledge of proper international financial terminology and quantitative and qualitative methods of working in the sphere

of financial management;

✓ Understanding of both, the global and the country's financial environment (markets, institutions, instruments, regulation

frameworks and etc.), including the principles of activities of commercial banks and their regulation specifications, the

characteristics and principles of the insurance, the basis of the evaluation of companies, the principles and structure of the

capital market, the principles of the investment project evaluation methods, the specifications of creation the efficient portfolios

with risky and risk-free assets;

✓ Understanding of accounting and financial reporting concepts and terminology, methods of compiling the financial statements,

the international financial reporting standards;

✓ Understanding of the real estate industry with the concepts and terminology and knowledge in determining the economic value


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and identification the main risks of the investment properties; familiar with the various evaluation methods in determining real

estate’s value; thoroughly holds direct capitalization and discounted cash flow methods and knows the importance of their

practical application;

✓ The knowledge of insurance terminology; knowledge of the risk assessment and management methods of financial and non-

financial instruments and their application in practice; aware of the modern insurance programs and species and the basics of

legal principles of insurance;

✓ Basic knowledge of financial reporting, the financial statement’s compiling and analyzing skills, money budgeting and internal

analysis skills and knowledge of the company's financial planning activities; also the knowledge of forecasted financial

statements, the sustainable development of the internal reporting and financial analysis and their practical implementation;

Information and data collection, sorting and reporting skills in order to carry out financial planning and analytical reports;

✓ The knowledge of the ethics, values and the norms in the field of the finance professionals; understanding the importance of

disclosure of financial information;

✓ Understanding of EU financial integration goals, results and challenges, the specifications of the VISEGRAD countries financial

institutions industry and regulation activities; the characteristics of the EU financial stability mechanism;

Applying Knowledge ✓ The ability to employ field-specific terminology in the working process, while presenting, discussing or making financial

analysis and decisions;

✓ The ability to identify financial information, constructing financial statements based on financial information and to analyze

financial statements with the use of financial ratios;

✓ The ability to analyze and interpret financial data, including the corporation's financial documents;

✓ The ability to analyze interest rates changes and the price fluctuations of financial assets;

✓ The ability to analyze and interpret information about current events in the financial markets (stock quotes);

✓ Financial Project management skills: financial and investment purpose formulation; the determination of the tasks, means and


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results for solution; the planning and management of the financial flows;

✓ The problem identification and diagnose skills and solve the problem by using the appropriate methods, its justification and

defence;

✓ The skill of decision making on the operational and tactical level and the skill of formulation of decision making’s goals and

criteria;

✓ The ability of risk assessment and control;

✓ The ability of preparing the financial statements according to international standards and the consolidated financial statements;

Making Judgments

✓ The ability to make conclusions based on logical argument and judgment;

✓ The ability of business data collection, manipulation, analysis, interpretation and making of the relevant conclusion;

✓ The ability of identification of the problems of business activity and recommendations’ development in order to diagnose them;

The ability of findings the optimal ways for business problems’ solving;

✓ The ability to prepare analytical materials and elaborate recommendations to make relevant decisions;

✓ The ability to participate in the process of organization’s finance results analyzing and short- and long-terms planning, seeking

financial sources;

✓ The ability to argument and defend own position.

Communication Skills

✓ The ability to communicate in a professional context;

✓ The ability to communicate by using financial terminology and to provide this information using the Excel- spreadsheet for

analysis, evaluation and planning activities;

✓ The ability to clearly and vividly formulate and express ideas and personal opinion and to share it with others; the ability to

formulate opposite or supporting arguments for different opinion;

✓ The ability to hold a discussion of filed-rated issues. The ability to employ filed-related terminology to ensure clear and detailed

communication of different filed-related issues, the ability to formulate personal attitude towards specific urgent issues;


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✓ The ability to hold discussions with the specialists of the field, the ability to verify own position and idea with arguments

within the discussion. The ability to define his/her attitude towards disputable issues and single out various

priorities/advantages or drawback/disadvantages. The ability to provide arguments for or against different approaches and

opinions;

✓ The ability to clearly and vividly formulate personal opinion on existence of the problematic issues and the ability to provide

detailed description of the possibilities of their resolution;

✓ The ability to work in groups and pairs and perceive information. The ability to participate in group discussions and decision-

making process and the ability to contribute to the final product of the group work;

✓ The ability to use modern information communication technologies while communicating information (presentations, reports)

or in an academic process;

✓ The ability to set up an interactive context and involve the audience in an open communication

✓ The ability to prepare reports in detail about ideas, existing problems and their solution and transfer them to specialists and not

specialists orally. Participation in discussions with the specialists of the relevant field; preparing of research reports, abstracts,

and business documentations using business terminology.

Learning Skills ✓ The ability to provide a proactive evaluation and assessment of his/her own learning process, the ability to plan one’s learning

logically and the ability to identify future learning objectives;

✓ The ability to work with field-related course books and scholarly literature independently and to enhance the knowledge

through it;

✓ The ability of deepening of acquired knowledge in accordance of necessity in practical or professional activities;

✓ The ability to plan continuous professional development in accordance with one’s own aims and objectives;

✓ The ability to identify personal capacity and the ability to develop professionally further with the use of existing resources and

capacities.

✓ The ability to continue the education in master programs, business or other directions, including overseas.


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Values ✓ The interest toward field-specific issues and the desire to continue and deepen the acquired knowledge;

✓ The perception of the necessity of pursuing ethical norms and values; Clear understanding of the role of legal and ethical

responsibility in the organization and society. The ability to identify ethical problems, analyze them, choose appropriate

decision and defend his/her position in contexts such as, financial institutions, accounting and auditing organizations;

✓ The desire to pursue the principles of academic and professional code;

✓ The possession of professional responsibility;

✓ Can participate in professional negotiation, conflict resolution, group solutions. Demonstrates enthusiasm and is initiative. It

establishes the principles of corporate social responsibility and the ethical norms. Participates in generally recognized principles

of the corporate governance, international accounting and reporting standards, international best practices in Investor relations.

Recognizes the activities of the financial sector regulation and the best international practices and tries to implement them,

taking into account the actual situation and the recommendations of international organizations;


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Learning Outcome Map:

Course / Module / Internship / Research Component

Criteria of Competencies

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Academic Writing √ √ √ √ √ √

Information Technology √ √ √ √ √ √

Calculus I √ √ √ √ √

Business English I √ √ √ √ √

Introduction to Business Administration √ √ √ √ √ √

Calculus II √ √ √ √ √

Business English II √ √ √ √ √ √

Principles of Management √ √ √ √ √ √

Principles of Marketing √ √ √ √ √ √

Legal Environment of Business √ √ √ √ √ √

Business Statistics I √ √ √ √ √ √

Microeconomics √ √ √ √ √ √

Principles of Accounting I √ √ √ √ √

Business Statistics II √ √ √ √ √ √

Macroeconomics √ √ √ √ √ √

Principles of Accounting II √ √ √ √ √

Introduction to Finance √ √ √ √ √ √

Managerial Finance I √ √ √ √ √ √

Public Finance √ √ √ √ √ √

International Economics √ √ √ √ √ √

Principles of Taxation √ √ √ √ √ √


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Accounting Software Applications (ORIS) √ √ √ √ √ √

Advanced Information Technology √ √ √ √ √

Data Analysis and Business Modeling on Spreadsheets √ √ √ √

Business Research Methods √ √ √ √ √ √

Introduction to Banking √ √ √ √ √ √

Human Resources Management √ √ √ √ √ √

Online Marketing √ √ √ √ √ √

Managerial Finance II √ √ √ √ √ √

International Finance √ √ √ √ √ √

Money and Banking √ √ √ √

Real Estate Valuation √ √ √ √ √ √

Financial Reporting √ √ √ √ √ √

Logistics √ √ √ √ √ √

Principles of Branding √ √ √ √ √ √

Business Forecasting √ √ √ √ √

Principles of Insurance √ √ √ √ √ √

Business Ethics and Corporate Social Responsibilities √ √ √ √ √ √

Financial Institutions √ √ √ √ √ √

Financial Statement Analysis √ √ √ √ √ √

Securities Analysis √ √ √ √ √ √

Audit √ √ √ √ √ √

Consolidated Financial Reporting and Corporate Governance √ √ √ √ √ √

Econometrics √ √ √

Marketing of Financial Services √ √ √ √ √ √

Investment and Portfolio Management √ √ √ √ √ √

Financial Mathematics √ √ √ √ √ √

Fundamentals of Risk Management √ √ √ √ √ √

EU Integration and Financial Reforms in Visegrad Countries √ √ √ √ √ √

Small and Medium-Sized Business Management √ √ √ √ √ √


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Internship √ √ √ √ √ √

English A1 √ √ √ √ √ √

Georgian (for foreign language speakers) A1

Turkish A1 √ √ √ √ √

Russian A1 √ √ √ √

German A1 √ √ √ √ √

Spanish A1 √ √ √ √ √ √

French A1 √ √ √ √ √

English A2 √ √ √ √ √ √

Georgian (for foreign language speakers) A2

Turkish A2 √ √ √ √ √

Russian A2 √ √ √ √

German A2 √ √ √ √ √

Spanish A2 √ √ √ √ √ √

French A2 √ √ √ √ √

English B1 √ √ √ √ √ √

Georgian (for foreign language speakers) B1

Turkish B1 √ √ √ √ √

Russian B1 √ √ √ √

German B1 √ √ √ √ √

Spanish B1 √ √ √ √ √ √

French B1 √ √ √ √ √

English B2 √ √ √ √ √ √

Georgian (for foreign language speakers) B2

Turkish B2 √ √ √ √ √

Russian B2 √ √ √ √

German B2 √ √ √ √ √

Spanish B2 √ √ √ √ √ √

French B2 √ √ √ √ √


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Methods of Attainment of Learning Outcomes:

Study components considered by the program are carried out using following teaching and learning methods:

Lecture – Lectures involve discussion of major theoretical material, concepts, terms, etc. through ensuring students’ active involvement. It is basically oriented on

thorough teaching scientific theories and approaches of study material. During lectures subject related issues are deeply explained, students are actively involved in the

discussions and clear perception and comprehension of topics using brain-storming and other interactive methods.

Group work – Group work develops the knowledge and skills of planning and fulfillment of specific tasks under cooperative environment. Group work includes

discussion of case studies, quizzes, practical assignments, different examples, through which students obtain skills of problem resolution in teams that in turn ensures

development of team working skills and the possession of competencies of considering and accepting others opinion.

Practice / lab work – In order to ensure deep understanding and perception of the issues, practice/lab work concentrates on accurate discussion of relevant examples,

cases, video materials, exercises and the ways of their resolution, which ensures the formation of students’ ability to use the obtained theoretical knowledge in practice

and develop analytic and creative thinking.

Seminar – The aim of seminars is to create the context for students which enables them to get the details, and better understand and realize the issues and topics

discussed during lectures. Seminar is the means of knowledge transfer, involves discussion and drawing conclusions, and it is coordinated by a lecturer with certain

specific objectives. Seminars are conducted in accordance to specific aims and are in line with the material covered throughout lecturers.

Independent work – Through independent work students deepen and internalize the knowledge obtained throughout the lecturers. Independent work involves

searching for the materials through course-books or other sources of information, realizing and learning the obtained information; it also involves completing home-

tasks. All these activities deepen the interest in certain issues, the wish to study these issues independently, they help students develop the ability of thinking

independently, analyze the obtained information and draw conclusions.

The teaching and learning methods mentioned above are fulfilled using following activities:


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Presentation (by lecturer) – The method consists of narration and speaking through which the information is provided by a teacher to a learner. Through this process

teacher transfers knowledge verbally, explains the material and students obtain this knowledge through listening, memorizing and comprehension. It is important to

make sure that understanding occurs and information is perceived correctly. In case of necessity additional instruction should be provided. A teacher is giving specific

examples and provides detailed explanation.

Demonstration - It demonstrates information visually. It’s sufficiently effective when reaching the result because it takes into consideration the interests of different

students. Learning material can be demonstrated by lecturer or student. This method helps different steps of learning process to be seen visually and concretize, what

should student do independently. At the same time, this strategy visually demonstrates the main point of the subject/problem.

Induction – modern, one of the most effective student-oriented methods. Major objective of this method is to collect much data and by generalizing the observed

perspectives discover general principles through which it is possible to discuss the facts, cases and events and explain them. Learning is oriented at relying on facts and

developing rules through generalizing these facts, thus, moving from specific facts to general rules.

Deduction – a traditional method of teaching and learning which sees a teacher as a major source of information and students learn general theories through a teacher’s

supervision. Deductive method of learning determines that kind of any subject knowledge, which presents the process when depending on general knowledge we

discover new knowledge, so the process goes from general to concrete.

Analysis – In the modern world majority of disciplines have become complex; accordingly, courses in these fields require complex approaches. The method of analysis

helps us to dismantle multi-disciplinary and inter-disciplinary courses into parts which allows dividing an issue under the study into separate aspects. This helps to

discuss separate issues in details.

Synthesis - Method of synthesis means back-procedure, using some parts and making the whole with them. This method helps to see the whole problem.

Case Study – active problem-situation analysis method, which presupposes discussing real cases and discussing them which allows students to look at the issues from

different perspectives, analyze possible solutions of the problem and choose and justify specific strategies, objectives and expected outcomes. A case presents a context

and it is an instrument by itself which allows a student to use specific knowledge obtained through the course and put it into practice in the context which is close to

real-life situation.


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Brain Storming - collecting as many/various ideas about the topic/issue as possible. The method enhances development of creative approach towards the problem. It

supports the development of creative approaches when students try to see an issue from different perspectives. This approach ensures that every person is involved in

the learning process. It is efficient for a large group and is used in stages.

Discussion / Debates – one of the most broadly spread interactive methods; discussion raises the level of student involvement; while discussion different opinions are

confronted and the discussion is not limited to the questions asked by a teacher. Overall aim is to synthesise different views. This method develops students’ ability of

reflection and argumentation.

Simulation, Role Plays and Situational Games – belong to game-type of methods which consist of simulation (role-play) games, didactic or educational games,

situational games, game-like approaches and procedures. Games developed through pre-developed scenarios enable students to look at important issues from different

perspectives. They help students to form alternative viewpoints. Like discussion, these games develop students’ ability to express their own opinion independently and

defend their attitudes in a dispute.

Project – This approach is a unity of perceptive methods, which makes it possible to solve a problem through students’ independent work and presenting the achieved

solutions. This approach raises students’ motivation and responsibility; working on the project involves planning, research, practical activities and presenting the

results; the projects are complete if the outcomes are presented in a convincable manner through examplifying specific results; a project could be done individually, in

peer or group work; upon completion the project is presented to a broader audience.

Presentation (by student/students) – Taking into consideration the development of technology presentation is one of the most interactive and effective ways of

teaching. It is a combination of teaching and learning methods which allows a student to solve a problem through independent work and presenting the outcomes.

This method raises students’ motivation to work independently; it also develops specific skills – planning, researching, and presenting data in an effective manner; it

develops skills to work in groups or individually.

Teaching though Electronic Sources – The method implies teaching through internet and the means of multimedia. It consists of all the components of teaching process

that are realized through specific means of internet and multimedia.

Task Solving – Gradual mastering of theoretical material through solution of specific tasks that ensures development of skills of using theoretical knowledge

independently. While solving the tasks the lecturer pays attention to the methods of task solution and to the relevant use of the various schemes or chart drawing

techniques or to the techniques of task solution;


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Problem Solving – The method of teaching that enables employment of newly obtained knowledge by students through study, analysis and solution of specific

problem. While employing this method it is important to assess and analyze the results received through the solution of a specific problem. By using this method the

skills and the ability of a student to use obtained knowledge in practice is developed.

Group Work – Teaching method through which students are divided into the groups and the assignments are given to each of the groups. Group members process the

information individually and share their ideas to other group members at the same time. Group members may be assigned different functions depending on the

objective defined by the task. This method ensures active involvement of each student in the process of teaching.

Individual Work – The method when a student individually performs the tasks and the assignments determined through the academic process.

Working with a Course-Book – Actively used method in a process of learning through which a student process given material by using given literature and other

sources.

Problem-based Learning – a method which uses a specific problem from the field in order to help a learner to acquire new knowledge and integrate it with specific

skills.

Preparing a Presentation – Students’ independent work through which a specific issue or topic is studied and the skills like planning, research, processing and analyzing

data as well as presenting the results of study and arguments in a persuasive manner is developed. The method develops students’ individual working skills.

Preparing a Project - Students’ independent work through which projects are prepared. Working on the project involves planning, research, practical activities and

presenting the results. The projects are complete if the outcomes are presented in a convincable manner through examplifying specific results.

Doing Homework – Independent work when students do the home assignments determined through the academic process. Doing home assignments implies reading,

processing and studying material determined through the study course as well as doing given assignments in written form or presenting them orally.

Learning though Electronic Sources – The method implies learning through internet and the means of multimedia. It consists of all the components of learning process

that are realized through specific means of internet and multimedia.


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Student Knowledge Evaluation System: The goal of evaluation is to determine student’s education results qualitatively in relation to academic program goals and

parameters.

Student may be assessed orally and/or in a written way. A student’s knowledge and skills are assessed through 100 points grading system. It consists of midterm and

final evaluations – maximum 60 points in midterm evaluations and maximum 40 points in final evaluation.

Grading system allows:

a) Five types of positive grades

1) (A) Excellent – 91 and over of maximum point;

2) (B) Very good – 81-90 of maximum point;

3) (C) Good – 71-80 of maximum point;

4) (D) Satisfactory – 61-70 of maximum point;

5) (E) Acceptable – 51-60 of maximum point.

b) Two types of negative grades

1) (FX) Fail – 41-50 of maximum point, meaning that a student requires some more work before passing and is given a chance to sit an additional examination after

independent work;

2) (F) Fail – 40 and less of maximum point, meaning that the work of a student is not acceptable and he/she has to study the subject anew.

For final evaluation a student is admitted to the exam if his/her midterm evaluation is minimum 20 points out of 60 points.

A student is allowed to take additional (make-up) exam in case he/she scored 41-50 points of final grade or minimum 51 points, but did not score at least 15 points out

of 40 points of final evaluation.


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Credits can be obtained if a student scored:

a) Minimum 15 points out of 40 points of final evaluation;

b) Minimum 51 points out of 100 points of final grade.

Considering its specification, the format and the assessment criteria of mid-term and final evaluations can be determined in the specific module/course syllabus.

The means of the evaluation are following:

✓ Test/quiz/written exam;

✓ Classroom activities/classroom participation/cases discussion;

✓ Home assignment;

✓ Discussion;

✓ Oral assessment;

✓ Written assessment;

✓ Essay question;

✓ Seminar;

✓ Presentation;

✓ Group / individual project;

✓ Midterm and final exams.

Among assessment components, taking into consideration the nature of the course, are: correctness, exactness, completeness, adequacy of theoretical foundation and

examples, relevance of applied terminology, degree of participation in discussion, and the logic of arguments.


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Specificities of the Organization of the Teaching Process: 240 ECTS covered by the program is distributed in four academic years, eight semesters, 30 credits in each

semester.

Credit counting system is based on European Credit Transfer System (ECTS): 1 credit = 25 hours, which cover both contact hours and student’s independent working

hours.

In the last semester, students are obliged to take Internship to which 10 ECTS is allocated.

Within the program, out of 240 credits a student can choose any Minor Program (60 ECTS) throughout the university and 10 ECTS as free credits or 70 ECTS as free

credits in the frame of which student is allowed to choose the course from any of the Bachelor Educational Programs throughout the university.

15 credits are allocated to Foreign Languages. English Language is compulsory if a student cannot prove B1 level of English trough testing results. A student is free from

English Language in case he/she submits international certificate proving B1 level of English as well.

Four levels of foreign languages are defined as follows: A1, A2, B1, B2. After choosing a foreign language by a student the level of knowledge of chosen foreign

language is determined through testing results or presenting international certificate. After which a student can start the chosen foreign language from the relevant

level.

Achieving or proving (trough certificate) A2 level of Georgian is compulsory for foreign language speakers. If a foreign language speaker proves A2 level of Georgian

trough testing or certificate, he/she is free from this requirement.

Field of Employment: The graduates of the Educational Program in Finance have an opportunity to be employed in both private and governmental organizations in

financial sector as: banks, investment companies, firms, insurance industry, brokerage firms, financial organizations, joint stock companies, stock exchanges, analytical

and consulting firms, in private companies as financial specialists and financial managers;

One of the major preconditions for successful career is the knowledge gained in university and English language skills. In addition, it should be noted that to bring

students closer to the practice and help them to plan their career IBSU cooperates with broad range of government and private organizations, including NBG and

business associations.


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Information Concerning Material Resources Necessary for the Implementation of the programme: International Black Sea University is fully equipped with all the

necessary material resources aimed to fulfil the educational program successfully:

✓ Classrooms equipped with different educational facilities;

✓ Computer laboratories with full access to internet;

✓ University library equipped with modern technologies, internet, and rich paper and electronic books;

✓ Lecturers’ slides, corresponding to the course relevant topics available through the electronic database of the university (through Smart portal);

✓ Other material resources owned by the university;

✓ Compulsory literature indicated in syllabuses is available in the university’s library.

During the learning process, students will receive necessary information from their professors and consultants. Silk Road Scientific-Research Institute enables Ph.D.

students to participate in internationals conferences. IBSU is a member of the following electronic libraries:

http://search.epnet.com

www.oxfordjournals.org

www.journals.cambridge.org

Information Concerning Human Resources Necessary for the Implementation of the programme: See the table below.

http://search.epnet.com/

http://www.oxfordjournals.org/

http://www.journals.cambridge.org/


EDUCATIONAL PROGRAM


Study Plan

Course / Module / Internship / Research Component

Status

Cre

dit

nu

mb

er

Distribution of credits per courses and

semesters

Distribution of hours

Nu

mb

er o

f co

nta

ct h

ours

per

wee

k

I s.y. II s.y. III s.y. IV s.y. Contact hours

Ind

epen

den

t w

ork

Tot

al n

um

ber

of

ho

urs

I Se

mes

ter

II S

emes

ter

III

Sem

este

r

IV S

emes

ter

V S

emes

ter

VI

Sem

este

r

VII

Sem

este

r

VII

I Se

mes

ter

Lec

ture

/ C

onsu

ltat

ion

Sem

inar

/ G

rou

p W

ork

/ P

ract

ice

/

Lab

. Wo

rk

Mid

term

exa

m(s

)

Fin

al e

xam

Tot

al n

um

ber

of

con

tact

hou

rs

Academic Writing Compulsory 5 5 15 28 2 2 47 78 125 3

Information Technology Compulsory 5 5 27 16 2 2 47 78 125 3

Foreign Language

(English A1/A2/B1/B2, Georgian (for foreign language

speakers) A1/A2/B1/B2, Russian A1/A2/B1/B2, German

A1/A2/B1/B2, French A1/A2/B1/B2, Spanish A1/A2/B1/B2,

Turkish A1/A2/B1/B2)

Elective 15 5 5 5

Compulsory Courses of Major Compulsory 110 15 25 15 20 10 10 10 5

Calculus I Compulsory 5 5 28 15 2 2 47 78 125 3

Business English I Compulsory 5 5 28 15 2 2 47 78 125 3

Introduction to Business Administration Compulsory 5 5 26 17 2 2 47 78 125 3

Calculus II Compulsory 5 5 28 15 2 2 47 78 125 3


EDUCATIONAL PROGRAM


Business English II Compulsory 5 5 28 15 2 2 47 78 125 3

Principles of Management Compulsory 5 5 28 15 2 2 47 78 125 3

Principles of Marketing Compulsory 5 5 28 15 2 2 47 78 125 3

Legal Environment of Business Compulsory 5 5 28 15 2 2 47 78 125 3

Business Statistics I Compulsory 5 5 28 15 2 2 47 78 125 3

Microeconomics Compulsory 5 5 27 16 2 2 47 78 125 3

Principles of Accounting I Compulsory 5 5 16 27 2 2 47 78 125 3

Business Statistics II Compulsory 5 5 28 15 2 2 47 78 125 3

Macroeconomics Compulsory 5 5 27 16 2 2 47 78 125 3

Principles of Accounting II Compulsory 5 5 16 27 2 2 47 78 125 3

Introduction to Finance Compulsory 5 5 27 16 2 2 47 78 125 3

Managerial Finance I Compulsory 5 5 16 27 2 2 47 78 125 3

Public Finance Compulsory

5 26 17 2 2 47 78 125 3

Managerial Finance II Compulsory

5 16 27 2 2 47 78 125 3

International Finance Compulsory

5 27 16 2 2 47 78 125 3

Financial Institutions Compulsory

5 29 14 2 2 47 78 125 3

Financial Statement Analysis Compulsory

5 15 28 2 2 47 78 125 3

Investment and Portfolio Management Compulsory 5 29 14 2 2 47 78 125 3

Internship Compulsory 10 10 2 15

2 98 250

Elective Courses of Major Elective 25 5 5 10 5


EDUCATIONAL PROGRAM


International Economics Elective 5 5 28 15 2 2 47 78 125 3

Principles of Taxation Elective 5 5 29 14 2 2 47 78 125 3

Accounting Software Applications (ORIS) Elective 5 5 16 27 2 2 47 78 125 3

Advanced Information Technology Elective 5 5 28 15 2 2 47 78 125 3

Data Analysis and Business Modeling on Spreadsheets Elective 5 5 14 29 2 2 47 78 125 3

Business Research Methods Elective 5 5 29 14 2 2 47 78 125 3

Introduction to Banking Elective 5 5 29 14 2 2 47 78 125 3

Human Resources Management Elective 5 5 28 15 2 2 47 78 125 3

Online Marketing Elective 5 5 24 19 2 2 47 78 125 3

Money and Banking Elective 5 5 27 16 2 2 47 78 125 3

Real Estate Valuation Elective 5 5 25 18 2 2 47 78 125 3

Financial Reporting Elective 5 5 29 14 2 2 47 78 125 3

Logistics Elective 5 5 27 16 2 2 47 78 125 3

Principles of Branding Elective 5 5 29 14 2 2 47 78 125 3

Business Forecasting Elective 5 5 29 14 2 2 47 78 125 3

Principles of Insurance Elective 5 5 27 16 2 2 47 78 125 3

Business Ethics and Corporate Social Responsibilities Elective 5 5 29 14 2 2 47 78 125 3

Securities Analysis Elective 5 5 28 15 2 2 47 78 125 3

Audit Elective 5 5 18 25 2 2 47 78 125 3

Consolidated Financial Reporting and Corporate

Governance Elective 5 5 28 15 2 2 47 78 125 3

Econometrics Elective 5 5 29 14 2 2 47 78 125 3

Marketing of Financial Services Elective 5 5 26 17 2 2 47 78 125 3


EDUCATIONAL PROGRAM


Note:

1. Distribution of hours for elective courses is provided as it is in the elective course which is first in the list, as there is no homogeneous distribution of hours for

elective courses;

2. Distribution of hours for foreign language is provided as it is in the syllabus for English Language;

3. Distribution of hours for free credits or for the courses of minor program is tentative.

Financial Mathematics Elective 5 26 17 2 2 47 78 125 3

Fundamentals of Risk Management Elective 5 5 28 15 2 2 47 78 125 3

EU Integration and Financial Reforms in Visegrad Countries Elective 5 5 29 14 2 2 47 78 125 3

Small and Medium-Sized Business Management Elective 5 5 28 15 2 2 47 78 125 3

Courses of Minor Program / Free Credits Elective 60 10 10 10 10 10 10

Free Credits Elective 10 5 5

Total numbers 240 30 30 30 30 30 30 30 30


EDUCATIONAL PROGRAM


Additional Table of Study Plan

№ Course / Module / Internship /

Research Component Code

Sem

este

r

Prerequisites Lecturer Obligatory Literature

1 Academic Writing BUS119 I

Maia Chkotua, Associate

Professor, PhD in Education

Sciences

1. Badger, I., & Pedley, S. (2003). Everyday business writing.Longman.

2. Chapman, R. (2007). English for emails. Oxford

University Press.

3. Gilling, D. A. (2013). The essential handbook for business writing. Greenlink Consulting, Canada.

4. Lougheed, L. (2003). Business correspondence. Pearson, Longman.

5. Trappe, T., & Tullis, G. (2007). Intelligent Business.

Style Guide.

Upper Intermediate. Pearson, Longman.

6. Michel, K. (2008). Business and report writing

skills at CSU. Charles Stuart University.

7. Williams, A. (2013). Improve your reading and referencing skills. Academic skills series. Collins,

London. Pp. 88-99.

2 Information Technology CEN122 I

Okan Eray, Associate Professor,

PhD in Informatics

Gela Pataraia, MSc in Computer

Sciences

1. Microsoft Word 2016 Step by Step – Joan

Lambert, Microsoft Press, Redmond,

Washington, 2015

2. Microsoft PowerPoint 2016 Step by Step – Joan

Lambert, Microsoft Press, Redmond,

Washington, 2015

3. Microsoft Excel 2016 Step by Step – Curtis


EDUCATIONAL PROGRAM


Frye, Microsoft Press, Redmond, Washington,

2015

3 Calculus I BUS103 I

Nino Partsvania, Professor, PhD

in Physics and Mathematics

1. R. Barnett, M. Ziegler, and K. Byleen,

“Calculus for Business, Economics, Life

Sciences, and Social Sciences” (12th edition).

Pearson, Prentice Hall, 2011.

2. Weekly Summary of Lectures

(http://smart.ibsu.edu.ge).

4 Business English I BUS117 I

Teona Maisuradze, Associate

Professor, PhD in Business

Administration

Serdar Alich, Assistant Professor,

PhD in Philology

1. Allison J., Emmerson, P. The Business

(Intermediate), Pearson Education Limited.

5 Introduction to Business

Administration BUS111 I

Tea Kbiltsestkhlashvili, Professor,

PhD in Business Administration

Maka Bughulashvili, MBA in

Business Administration, PhD-c

1. Bovee, Thill, Mescon. (2007). Excellence in Business. 3rd ed. Prentice Hall.

2. Pride, 2. Pride, Hughes, Kapoor. (2010). Introduction to Business.10th ed. Cengage Learning.

6 Calculus II BUS104 II Calculus I

Nino Partsvania, Professor, PhD

in Physics and Mathematics

1. R. Barnett, M. Ziegler, and K. Byleen,

“Calculus for Business, Economics, Life

Sciences, and Social Sciences” (12th edition).

Pearson, Prentice Hall, 2011.



7 Business English II BUS118

II Business English

I



Administration

Serdar Alich, Assistant Professor,

1. Allison J., Emmerson, P. The Business (Upper-

Intermediate), Pearson Education Limited.

http://smart.ibsu.edu.ge/



EDUCATIONAL PROGRAM


PhD in Philology

8 Principles of Management MGT102

II



Administration

Maka Bughulashvili, MBA in

Business Administration,PhD-c

Ramazan Akbash, PhD in

1. Daft R. L., Kendrick M., Vershinina N. 2010 –

Management – South Western: Cengage Learning;

2. Daft R. – Management – 2009 – 9th edition:

Cengage Learning;

3. Hard-book, Essentials of Organizational Behavior by Stephen P.Robbins, Tomothy A. Judge, 2015;

4. Lecture Notes by Teona Maisuradze.

9 Principles of Marketing MKT102

II

Irakli Khvtisiashvili, MA in

Social Sciences in International

Business and Emerging Markets

Kakhaber Jakeli, PhD in

Economics

1. Kotler P. (2014) Marketing Management, 14th

edition, Prentice Hall, Pearsons, Millennium

Edition.



10 Legal Environment of

Business BUS106

II

Malkhaz Chakhnashvili,

Professor, PhD in Law

1. The Constitution of Georgia;

2. The Civil Code of Georgia;

3. The Tax Code of Georgia;

4. The Labor Code of Georgia;

5. The Law of Georgia “On Entrepreneurs”, 1993;

6. M. Chakhnashvili, Basics of Law, IBSU, 2013;

7. Ray August, International Business law, 4th edition;

9. Henry R. Cheeseman Business Law. (The Legal,

ethical and International environment), Prentice

Hall, New Jersey, Sixth edition;

10. Zurab Chechlashvili, Introduction to the Georgian

business Law.

11 Business Statistics I BUS203 III Avtandil Gagnidze, PhD in

Physics and Mathematics

1. "Statistics for Business and Economics" (6th

Edition) by Paul Newbold, William L. Carlson,



EDUCATIONAL PROGRAM


Betty Thorne Elliott. Prentice Hall, 2008

12 Microeconomics BUS211 III

Vakhtang Charaia, PhD in

Economics

Alexander Ergeshidze, MA in

Economics

1. Principles of Economics, Karl E. Case, Ray C.

Fair, Pearson, 2012.

13 Principles of Accounting I ACT201 III

Metin Mercan, Associate

Professor, PhD in Management

Mikheil Gvatua, MA in Physics

1. Financial Accounting, ACCA Paper F3,

Interactive Text, BPP Learning Media, 2011.

2. Financial Accounting, ACCA Paper F3, Class

Notes, London School of Business and Finance.

14 Business Statistics II BUS204 IV Business

Statistics I

Avtandil Gagnidze, PhD in

Physics and Mathematics

1. Paul Newbold, William L. Carlson, Betty M.

Throne, Statistics for Business and Economics,

Eighth Edition, Pearson Education, 2013.

2. Handouts and Lecture Notes

15 Macroeconomics BUS212 IV

Vakhtang Charaia, PhD in

Economics

Alexander Ergeshidze, MA in

Economics

1. Principles of Economics, Karl E. Case, Ray C.

Fair, Pearson, 2012.

16 Principles of Accounting II ACT202 IV Principles of

Accounting I


Professor, PhD in Management

Mikheil Gvatua, MA in Physics

1. Financial Accounting, ACCA Paper F3,

Interactive Text, BPP Learning Media, 2011.

2. Financial Accounting, ACCA Paper F3, Class

Notes, London School of Business and Finance.

17 Introduction to Finance FIN202 IV



Ilia Botsvadze, MA in Accounting

and Finance, PhD-c

1. Introduction to Finance: Markets, Investments

and Financial Management, Roland W.

Melicher, Edgar A. Norton, Wiley, 2011.

18 Managerial Finance I FIN301 V Introduction to

Finance

Ketevan Lapachi, Professor, PhD

in Economics

1. Principles of Managerial Finance by Lawrence

J. Gitman, 13th Edition, Pearson (2012)


EDUCATIONAL PROGRAM



Professor, PhD in PhD in

Management

Giorgi Simongulashvili, MA in

Economics

2. Corporate Finance, Berk and DeMarzo, 3th

Edition, Pearson (2014)

19 Public Finance FIN303 V

Macroeconomics

Tatiana Papiashvili,

1. Jonathan Gruber (2011). Public Finance and

Public Policy, Third Edition. New York:

Worth Publishers

20 International Economics FIN309 V

Merab Abdaladze,

1. Paul R. Krugman, Maurice Obsfeld,

International Economics: Theory and

Policy.(10-th Ed.) , 2015.

21 Principles of Taxation ACT305 V

Shalva Kilasonia, MA in

Economics

1. Boeijen-OStaszewzska, O. van and Schellekens,

M. (eds.), European Tax Handbook 2013,

Amsterdam, IBFD 2013;

2. Steven J. Rice, Introduction to Taxation, USA,

1996;

3. Materials provided during the lectures; Lecture

notes.

22 Accounting Software

Applications (ORIS) ACT303 V

Principles of

Accounting I

Ketevan Tabatadze, MA in

Business Administration, PhD-c

1. Lecturer course notes prepared according to T.

Abesadze, Computerized Accounting software

ORIS Accounting Course Book, 4th edition,

2008

2. http://www.oris.ge, ORIS Accounting,

Electronic book

23 Advanced Information

Technology CEN530 V

Information

Technology

1. Lecture notes

http://www.oris.ge/


EDUCATIONAL PROGRAM


24 Data Analysis and Business

Modeling with Spreadsheets FIN311 V

Information

Technology

2.

25 Business Research Methods MGT303 V Business

Statistics II

Giorgi Bagaturia,

Shushanik Safaryan, MA in

Economics

1. Research Methods. Course notes for IBSU

students by G. Bagaturia, 2015

2. Research Design. Qualitative, quantitative, and

Mixed Methods Approaches. Creswell J.W.,

(2009). Sage Publications Inc., Los-Angeles

3. Business research methods. Bryman A., Bell E.

(2007). Oxford University Press

26 Introduction to Banking FIN305 V

Sophio Khundadze, Associate


Administration

Salavat Sayfulin, Associate


Administration

o Barbara Casu, Claudia Girardone, Philip

Molyneux (2006). Introduction to Banking,

Pearson Education, Prentice Hall.

o The Parliament of Georgia (2009), Organic Law

of Georgia on the National Bank of Georgia, N

1676 - IIს. Tbilisi.

o National Bank of Georgia (1996), The Law of

Georgia on the Banking Activities of Commercial

Banks, N 121 - II ს. Tbilisi.

27 Human Resources

Management MGT301 V

Principles of

Management



Administration

1. Human Resource Management: A contemporary

approach, by Julie Beardwell, Tim Claydon, 5th

edition, Prentice Hall; (Paper Copy);

2. Human Resources Management 9th edition by Garry

Dessler,;

3. Study Material: BA - Human Resources

Management

4. Daft R. L., Kendrick M., Vershinina N. 2010 –


EDUCATIONAL PROGRAM


Management – South Western: Cengage Learning

5. Daft R. – Management – 2009 – 9th edition : Cengage

Learning

6. Hard-book, Essentials of Organizational Behavior by

Stephen P.Robbins, Tomothy A. Judge, 2015

28 Online Marketing MKT309 V Principles of

Marketing

Guram Sherozia, Master of Social

Science in Public Policy, PhD-c

1. Trengove Jones Alex, Malczyk Anna, Beneke Justin;

"Internet Marketing: A highly practical guide to every

aspect of internet marketing", 2011

2. Philip T. Kotler, Gary Armstrong; "Principles of

Marketing", 14th Edition, 2011

29 Managerial Finance II FIN302 VI Managerial

Finance I


in Economics


Professor, PhD in PhD in

Management


Economics

1 Corporate Finance by Jonathan Berk and Peter

DeMarzo, Pearson Addison Wesley Publishing,

International Edition, 2007 (CF_BD)

3. 2. Class Notes. Keith C. Brawn and Frank K. Reilly,

Analysis of Investments and Management of

Portfolios, Ninth Edition, 2009

30 International Finance FIN304 VI



1. David K. Eiteman, Arthur I. Stonehill, Michael

H. Moffett, Multinational Business Finance,

Twelfth Edition, Pearson Global Edition, 2010.

2. Investment Analysis and Portfolio

Management by Frank K. Reilly, Keith C.

Brown, “South – Western” Publication,

seventh edition, 2003.


EDUCATIONAL PROGRAM


31 Money and Banking FIN308 VI

Salavat Sayfullin, Associate


Administration

Tatiana Papiashvili

1. Mishkin Frederic S. (2016) The Economics of

Money, Banking, and Financial Markets (11th

ed.). Pearson, Addison Wesley

2.1.

32 Real Estate Valuation FIN310 VI

Jaba Phutkaradze, Master in

International Business

Administration, Master in

Financial Economics, PhD-c in

Economics and Finance

1. David M. Geltner, Norman G. Miller, Jim

Clayton, Piet Eichholtz (2006). Commercial Real Estate Analysis & Investments (2d Edition), Oncourse Learning.

33 Financial Reporting ACT304 VI Principles of

Accounting II

Irakli Khabeishvili, 1. Financial Reporting (F7, ACCA), Study Text,

BPP Learning Media Ltd, 2012, for Exams

2014;

2. International Financial Reporting Standards

(IFRSs), International Accounting Standards

Board, 2015;

3. IFRS for SMEs, International Accounting

Standards Board (IASB); 2015 amendments

(effective 1 January 2017 with early application

permitted).

34 Logistics MGT406 VI

Giorgi Surguladze 1. Paul R. Murphy and Donald F. Wood;

Contemporary Logistics – International

Edition, 9th Edition, 2011

35 Principles of Branding MKT304 VI

Tornike Khoshtaria, 1. Kelvin Keller: “Strategic Brand Management”

Fourth Edition, Pearson Education Limited,

2013

36 Business Forecasting MGT410 VI Business

Statistics II

Giorgi Bagaturia, 1. Bagaturia G. Business Forecasting. Tutorial for

students (2011), IBSU, Tbilisi


EDUCATIONAL PROGRAM


2. Hanke J., Wichern D. Business Forecasting

(2005). Pearson Education International

37 Principles of Insurance FIN306 VI

Eter Modebadze 1. George E. Rejda, Principles of Risk

Management and Insurance, Pearson

Education.

38 Business Ethics and Corporate

Social Responsibilities MGT310 VI

Tatia Khubulava, 1. O.C. Ferrell, John Fraedrich, Linda Ferrell,

Business Ethics: Ethical Decision Making and

Cases, Eighth Edition, South-Western

CENGAGE Learning, 2010.

2. International Trade Administration, US

Department of Commerce, Business Ethics,

Manual for Managing a Responsible Business

Enterprise in Emerging Market Economy,

Washington, 2004.

39 Financial Institutions FIN401 VII


in Economics

1. Financial Markets and Institutions” by Frederick S.

Mishkin and Stanley G. Eakins . Fifth edition. Pearson

International)

2. Capital Markets – Institutions and Instruments By

Frank Fabozzi, Franco Modigliani (Pearson

International Edition)

3. Jeff Madura Financial Institutions and markets, 8th

edition, Thomson Ed.2008

4. Ketevan Lapachi, Financial markets and Institutions

Course Notes, 2010, Tbilisi

40 Financial Statement Analysis FIN403 VII Principles of

Accounting II

Salavat Sayfulin, Associate


1. Fraser, Lyn M. and Ormiston, Aileen.

Understanding Financial Statements, sixth


EDUCATIONAL PROGRAM


Administration


Economics

Edition (Upper Saddle River, New Jersey:

Prentice-Hall, Inc., 1998).

2. Gerald I. White’ Ashwinpaul C. Sondehi, Dov

Fried “The Analysis And Use Of Financial

Statements” (AUFS) McGraw Hill, 2004

3. Palepu, Healy, Bernard, Business Analysis and

Valuation (BAV) Second Edition, 2008

41 Securities Analysis FIN405 VII Managerial

Finance II

Eka Katamadze,

1. Essentials of Investments by Zvi Bodie, Alex

Kane, Alan J. Marcus - McGraw-Hill (2009),

8th Edition

42 Audit ACT401 VII Principles of

Accounting II

1. Alvin A. Arens, Randal J. Elder, Mark S.

Beasley (2010), Auditing and Assurance

Services, 13th edition, Prentice Hall;

2. Audit and Assurance (international), ACCA

Paper F8, Study Text, BPP Learning Media,

2014;

3. Mark S. Beasley, Frank A. Buckless, Steven M.

Glover, Douglas F. Prawitt (2012), Auditing

Cases, an Interactive Learning Approach, 5th

edition, Pearson.

43

Consolidated Financial

Reporting and Corporate

Governance

ACT405 VII Financial

Reporting

1. Financial Reporting (F7, ACCA), Study Text,

BPP Learning Media Ltd, 2012, for Exams

2014;

2. International Financial Reporting Standards

(IFRSs), International Accounting Standards

Board, 2015;

3. Corporate Reporting (P2, ACCA), Study Text,

BPP Learning Media Ltd, 2015.

44 Econometrics ECO152 VII 1. Wooldridge, Jeffrey M. (2014). Introduction to

Econometrics – Europe, Middle East and Africa


EDUCATIONAL PROGRAM


Edition.

45 Marketing of Financial

Services MKT409 VII

Principles of

Marketing

Kakhaber Jakeli, PhD in

Economics

1. Lecture notes

2. Dale M. Lewison (1999) retailing, Canada,

Prentice Hall Canada inc.

3. S. Bhaala (2009) Visual Merchandising, UK,

McGraw Hill

46 Investment and Portfolio

Management FIN404 VIII

Business

Statistics II


in Economics



4. 1. Keith C. Brawn and Frank K. Reilly, Analysis of

Investments and Management of Portfolios, Ninth

Edition, 2009

2. Robert A. Strong, CFA “Portfolio construction,

Management, Protection”, fifth edition, 2009, Cengage

Learning

47 Financial Mathematics FIN402 VIII Business

Statistics II

48 Fundamentals of Risk

Management FIN406 VIII

Eka Katamadze 1. John C. Hull, Options, Futures, and Other

Derivatives, 8th Edition (2011) or 7th Edition

(2009), Prentice Hall

49

EU Integration and Financial

Reforms in Visegrad

Countries

FIN410 VIII


in Economics

1. Financial Markets and Institutions: European

Perspective Jacob De Haan, Sander Osterloo, and

Dirk Schoenmaker Cambridge University Press,

Second edition. Chapter 1. pp.95-127;

2. IMF, From Fragmentation to Financial Integration in Europe, 2013

3. ევროინტეგრაცია და ფინანსური ბაზრების

რეფორმები ვიშგრადის ქვეყნებში. საკითხავი

მასალა. პროფ. ქეთევან ლაფაჩის რედაქციით.

შსსუ-ს გამოცემა, 2016

50 Small and Medium-Sized

Business Management MGT306 VIII

1. José Adriano Gomes Pires, et al(2013) Small

and Medium Enterprises: Concept,

http://www.google.com/search?tbo=p&tbm=bks&q=+inauthor:%22Dale+M.+Lewison%22


EDUCATIONAL PROGRAM


Methodology, Tools and Application ,

Framework Entrepreneurship Process, Chapter

2. Revenue Service (2016) The registration of

Business, Legal forms of registration,

http://www.rs.ge/en/5356, Tbilisi, Georgia

3. Unitrast capital Corp (2015) Panama offshore

Company formation, Law N32

4. A.G Pires (2013) Business Model of British Virgin

Islands and Panama, SNF publishing

5. Invest In Georgia (2016) taxes in Georgia,

http://investingeorgia.org/en/georgia/taxation

6. Keith C. Brawn and Frank K. Reilly Analysis of

Investments and Management of Portfolios, Ninth

Edition

7. Peter Lynch and,, ,,Learn to Earn”

8. A. Akerlof (1970) The Market for "Lemons": Quality

Uncertainty and the Market Mechanism, The

Quarterly Journal of Economics, Vol. 84, No. 3

9. Team FME (2013) Porter five forces, strategy skills,

free management e books

10. Team FME (2013) BCG matrixes, strategy skills,

http://www.rs.ge/en/5356


EDUCATIONAL PROGRAM


free management e books

11. Team FME (2013) Ansoff growth model strategy

skills, free management e books

12. L.M. Solow (1956) A Contribution to the Theory of

Economic Growth, The Quarterly Journal of

Economics

51 Internship BUS404 VIII

52 English A1

1. Latham-Koenig, I., Oxeden, C., &Seligson, P.

(2015). Third Edition English File Elementary.

Oxford University Press.

53 Georgian (for foreign

language speakers) A1

54 Turkish A1

1. Lale Ders Kitabı II Commission, Dilset Publishing

House, Ist. 2013

2. Lale Dilbilgisi Kitabı II Commission, Dilset

Publishing House, Ist. 2013

3. Lale Çalışma Kitabı II Commission, Dilset


55 Russian A1

1.Диасамидзе Г.О. Практические упражнения по

русскому языку для иностранцев.Тблиси,2006.

2. Курс лекций. Диасамидзе, Г. МЧУ

3.«Дорога в Россию». В.Е.Антонова, М.М.Нахабина,

М.В.Сафронова, А.А.Толстых. Санкт-Петербург.


EDUCATIONAL PROGRAM


Издательство «Златоуст», 2003.

56 German A1

1. Funk,Kuhn,Demme: Studio d A1,Deutsch als

Fremdsprache, Kurs-und Übungsbuch,Cornelsen

2007

57 Spanish A1

1.Marcial Prado-Practical Spanish Grammar.1997

2. Nieves Garcia Fernandez;Jesus Sanchez Lobato-

Espanol 2000. 2007

58 French A1

1. Berchet, A, Hugo, C, (2006)-Alter Ego 1,

Méthode de Français, A1, Hachette, Paris.

2. Berchet, A, Hugo, C, (2006)-Alter ego 1:

Cahier d’activités, Hachette, Paris.

59 English A2


(2015). Third Edition English File Pre-

Intermediate. Oxford University Press.


language speakers) A2

61 Turkish A2

1. Lale Türkçe Ders Kitabı I, Dilset Puplish

House, Istanbul - 2011.

2. Lale Türkçe Dilbilgisi Kitabı I, Dilset

Puplish House, Istanbul – 2011

3. Lale Türkçe Çalışma Kitabı I, Dilset

Puplish House, Istanbul - 2011

62 Russian A2 1.Диасамидзе Г.О. Практические упражнения по


EDUCATIONAL PROGRAM


русскому языку для иностранцев.Тблиси,2006.

2. Курс лекций. Диасамидзе, Г. МЧУ

3.«Дорога в Россию». В.Е.Антонова, М.М.Нахабина,

М.В.Сафронова, А.А.Толстых. Санкт-Петербург.

Издательство «Златоуст», 2003.

63 German A2

1. Funk,Kuhn,Demme: Studio d A1,Deutsch als

Fremdsprache, Kurs-und Übungsbuch,Cornelsen

2007

64 Spanish A2

1. Marcial Prado-Practical Spanish Grammar.1997


Espanol 2000.2007

65 French A2

1. Girardet J. (2013)-Écho, Méthode de Français,

A2, CLE International, France.

2. Miquel, C. (2002) -Grammaire progressif du

français, CLE International, France.

66 English B1


(2015). Third Edition English File Elementary.

Oxford University Press.


language speakers) B1


EDUCATIONAL PROGRAM


68 Turkish B1

1. Lale Ders Kitabı II Commission, Dilset






69 Russian B1

1. «Деловой русский язык в университете»

Г.Диасамидзе, Х.Табатадзе. Тбилиси IBSU 2013.

70 German B1

1. Funk, Kuhn, Demme: Studio d A2,Deutsch als

Fremdsprache, Kurs-und Übungsbuch,

Cornelsen 2007

71 Spanish B1



Espanol 2000.2007

72 French B1

1. Dollez C, Pons S, (2014)-Alter Ego 3, Méthode

de Français, B1, Hachette, Paris

2. Dollez C, Pons S, (2014)- Alter Ego 3, Cahier

d’activités, Hachette, Paris.

73 English B2


language speakers) B2


EDUCATIONAL PROGRAM


75 Turkish B2

1. Lale Ders Kitabı II Commission, Dilset






76 Russian B2 1. «Деловой русский язык в университете»

Г.Диасамидзе, Х.Табатадзе. Тбилиси IBSU 2013.

77 German B2

1. Funk, Kuhn, Demme: Studio d A2,Deutsch als

Fremdsprache, Kurs-und Übungsbuch,

Cornelsen 2007

78 Spanish B2



Espanol 2000.2007

79 French B2

1. Dollez C, Pons S, (2014)-Alter Ego 4, Méthode

de Français, B 2, Hachette, Paris.

2. Dollez C, Pons S, (2014)-Alter Ego 4, Cahier

d’activité, B 2, Hachette, Paris.

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INTERNATIONAL BLACK SEA UNIVERSITY - შავი ზღვის ... · Admission to the educational program without passing Unified National exams may be allowed only in cases considered