THE DEPARTMENT OF BANKING & ECONOMIC SCIENCES
Whether you are a student, Faculty, or curious visitor we extend a warm welcome. The Banking & Economic Sciences department was established at the inception of the National University of Science and Technology in 1991.
The Department offers a menu of programs at both undergraduate and postgraduate levels, built on global and regional developments in Banking and Investment management as well as Economics. A close association with the Institute of Bankers of Zimbabwe in the formative years, as well as the internship programs by the University, infused a unique slant to teaching, with graduates, literally, hitting the ground running. The program has benefited immensely from partners in the form of the Industrial Liaison Committee, which provides an essential link with the world of employment growth and skills demand. The department serves as the driving force behind the Institute of Development Sciences, as the initial programs were incubated within the Banking and Economic Sciences Department. Employment opportunities have mainly been in branch operations, credit analysis, treasury and dealing operations as well as business.
Aims of the Department
- Education and Research: Provide high-quality education in Banking, Finance, and economics.
- Financial Literacy: Enhance financial literacy among students and the community.
- Industry Collaboration: Foster partnerships with financial institutions and experts.
- Policy Analysis: Conduct research on economic policies and regulations.
- Ethics and Responsibility: Emphasize ethical behaviour and social responsibility in finance.
- Entrepreneurship and Innovation: To encourage entrepreneurial thinking and innovation in financial services. This includes exploring new technologies, business models, and financial products.
- Risk Management: To educate students about risk assessment, risk mitigation, and financial stability.
To be a centre of excellence in teaching, research, innovation, industrialisation and community development in the field of Banking and Economic Sciences.
Our mission is to cultivate high-quality graduates who leverage their knowledge to provide innovative and creative solutions to economic, industrial, and community challenges.
Achievements of the mission will be guided by the following core values:
- Honesty and Integrity
- Innovativeness
- Excellence and Diligence
- Intellectual Freedom
- Equity
- Social and Environmental Responsibility
Broad Career Opportunities: A degree in Banking and Economic Sciences lays a strong foundation for diverse careers in banking, broking, consulting, funds management, insurance etc.
Practical Skills: Beyond theoretical knowledge, you’ll acquire practical skills applicable across various industries. Understanding how the economy and the world operate is invaluable.
Analytical Abilities: Economics and finance courses foster robust analytical and problem-solving skills. You’ll learn to decode complex markets, assess situations, and make informed decisions for organizations.
Market Fluency: Expanding your economic vocabulary (e.g., scarcity, opportunity cost, equilibrium) enhances your understanding of market dynamics.
Global Relevance: The principles you learn have universal applicability. Whether managing personal finances or making business decisions, economics and finance knowledge transcends borders and industries.
Integration of Concepts: Programs often blend economics, finance, and accounting concepts.
Career Prospects: Graduates with backgrounds in economics and finance qualify for well-paying positions. Career options include financial analyst, economist, investment banker, risk manager, financial planner, policy analyst, market research analyst, corporate finance specialist, and consultant.
Our Programmes
Undergraduate
The Bachelor of Commerce Honours Degree in Banking and Investment Management provides theoretical education in the field of banking and management of investments. The rapid growth of banking and financial services in the modern economy has created a unique requirement for a specialist academic program in the area, encompassing bank operations management, credit analysis, treasury operations, and relationship management.
Entry Qualifications
Candidates must have the following qualifications:
- Five (5) Ordinary Level passes including English language and Mathematics (A, B, or C grades).
- Advanced Level passes in Economics and any one of the following: Accounting, Business Management or Mathematics.
- There is also a provision for special entry targeting mainly practicing bankers with Dilpoma qualifications in Banking or Finance.
Programme Courses Summary
PART I- FIRST SEMESTER
CBU 1102 Business Communication
CIN 1103 Commercial Law I
CBA 1105 Microeconomics
CIN 1106 Quantitative Analysis for Business I
CAC 1107 Accounting IA/Financial Accounting IA
CBU 1108 Principles of Management
PLC 1101 Peace, Leadership and Conflict Transformation I
SECOND SEMESTER
CIN 1204 Commercial Law II
CBA 1206 Macroeconomics
CIN 1207 Quantitative Analysis for Business II
CAC 1208 Accounting 1B/CAC 1201 Financial Accounting IB
CBU 1209 Principles of Marketing
PLC 1201 Peace, Leadership and Conflict transformation II
PART II- FIRST SEMESTER
CFI 2101 Corporate Finance I
CBA 2110 Banking and Financial Markets
CIN 2103 Law Relating to Banking I
CAC 1203 Introduction to Information Technology
CAC 2106 Accounting IIA/CAC 2101 Financial Accounting IIA
CBA 2108 Treasury Management I
CBA 2109 Mathematical Applications in Banking
PART II- SECOND SEMESTER
CFI 2201 Corporate Finance II
CBA 2202 Banking and Foreign Exchange
CIN 2203 Law Relating to Banking II
CAC 2206 Accounting IIB/CAC 2201 Financial Accounting IIB
CBA 2208 Treasury Management II
CBA 2209 Introduction to Econometrics
CBA 2210 Banking Information Systems
PART III - CBA 3001 Industrial Attachment
PART IV FIRST SEMESTER
CBA 4101 Banking and Development
CBA 4102 Marketing of Financial Services
CBA 4103 Applied Economics I
CBA 4107 International Banking and Finance
CBA 4108 Investment Analysis and Management
CBA 4109 Consumer and Corporate Lending
CBU 4109 Entrepreneurship
SECOND SEMESTER
CBA 4203 Applied Economics II
CBA 4204 Derivative Securities
CBA 4207 Advanced International Banking and Finance
CBA 4208 Development Finance
CBA 4209 Financial Risk Management
CBA 4210 Ethics and Corporate Governance
CBA 4007 Research Project
ENTRY QUALIFICATIONS
To qualify for normal entry into the proposed Bachelor of Commerce (Honours) degree in Economics & Econometrics, a candidate, in addition to satisfying minimum conditions as prescribed under the General Regulations and Faculty Regulations for five (5) Ordinary Level passes including at least a C-grade in English Language and at least a B-grade in Mathematics.
Prospective students must have passed Economics and any other commercial subject at Advanced Level. A pass in Advanced Level Mathematics will be an added advantage.
Prospective students should be in possession of a laptop with a minimum of the following specifications:
Core i3 processor ,7 generation, Windows 10 Operating system, 4GB of RAM with 500gb hard drive
There may also be provision for mature entry for students who may not satisfy some of the normal entry academic requirements but have relevant post-school experience and recognized diplomas such that they may satisfy the University and the Department of their ability to complete the proposed degree programme satisfactorily.
PRE-REQUISITES
For the proposed Bachelor of Commerce (Honours) Degree in Economics & Econometrics, a candidate must have passed the core first year modules in economics before they can be allowed to register for the following modules:
- A candidate must have passed CEC 1104 (Economic Principles I) before proceeding to CEC 2104 (Microeconomics I)
- A candidate must have passed CEC 1201 (Economic Principles II) before proceeding to CEC 2204 (Macroeconomics I)
- A candidate must have passed CEC 2104 (Microeconomics I) before proceeding to CEC 4103 (Microeconomics II)
- A candidate must have passed CEC 2204 (Macroeconomics I) before proceeding to CEC 4203 (Macroeconomics II)
PROGRAMME DURATION AND DELIVERY SYSTEMS
Candidates shall pursue the approved programme of study for a period of not less than four years on a full-time, part-time or block-release basis, each year constituting a part of the degree programme as follows:
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Semester |
Number of Modules |
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First Year |
I |
5 Modules |
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II |
5 Modules |
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Second Year |
I |
6 Modules |
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II |
6 Modules |
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Third Year |
Industrial Attachment |
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Fourth Year |
I |
5 Modules |
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II |
7 Modules |
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Research Project |
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Total Number of Modules |
Thirty-four (34 Modules + Research Project) |
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The academic year normally begins in July/August.
Postgraduate
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ENTRY REQUIREMENTS Normal Entry: A minimum of a first degree in Banking and Finance, Economics, Accounting or their equivalents. Special Entry: N/A Normal Entry: N/A |
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LEARNING OUTCOMES |
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Upon completion of the programme one should: • Solve complex banking, investment and financial economics problems creatively and innovatively. • Apply knowledge of banking, finance, and financial economics specialty to solve complex economic problems. • Effectively design and conduct systematic investigations in banking and financial economics. • Use appropriate investment and financial analysis methods, skills and tools, including those based on information technology. • Communicate effectively, both orally and in writing, with financial audiences and the community at large. • Work effectively as an individual, in teams and in multidisciplinary environments. • Act professionally and ethically and to exercise judgment and take responsibility within own limits of competence. • Identify and create new business ventures based on knowledge and new thinking paradigms. |
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ASSESSMENT Coursework: 30%
Written Examinations 70% |
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MINIMUM BODY OFKNOWLEDGE AND SKILLS MODULES – NEW CURRICULUM
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Our Staff
