Dr. Bayle, minister of finance.
Dr. Bayle, minister of finance giving lecture to students in their final semester.

Welcome to the Faculty of Economic and Management Sciences

The Faculty of Economic and Management Sciences is one of the largest Faculties at the Somali National University. The Faculty aims to continuously strengthen its position as the leading institution in the fields of economic, financial and management sciences by recruiting the best and brightest lecturers. The faculty is also committed to establish an excellence research center in the near future.

The faculty of Economics and Management Science provides two Programs (Bachelor in Economics and Bachelor in Management) in Short Term and We Hope to expand our Programs for the coming Years.

All the programs that offered by the faculty consists of four and half Years including 6 months of intensive foundation, All Semesters Have Credits Except Foundation Term.

The Faculty Provides Eight Semesters in which each Semester Consists of Minimum 5 Course and The Summation of the semester’s course consist of 46 Courses, Same of These Courses are Core Courses, Elective Courses or Faculty Requirement and University Requirement as listed below.

 Bachelor of Economics Course Catalogue

Semester I

Core Courses:

  1. MATH1101 General Mathematics

Credit Hour: 8 Hours per Week/ 160 Hour Semester

This  course is designed to develop topics which are fundamental to the study of General Mathematics. Emphasis is placed on algebra reference, linear functions and nonlinear functions and their applications, the mathematics of finance, metrics and their operations , graphs of linear and quadratic functions, linear programming and the concept of probability. Upon completion, students should be able to select and use appropriate models and techniques for finding solutions to algebra-related problems with and without technology.

The other topics to cover are Functions, the linear programming ,graphs and applications of linear equation and non function.

Faculty Requirement Course:

  1. ACCT1201 General Accounting

Credit Hour: 6 Hours per Week/ 120 Hour Semester

This course includes the following topics:

Measuring and recording business transactions, Adjusting entries, completion of accounting cycle, accounting for Merchandise operations, Inventories, Internal control and cash,   receivables, Plant Assets and Current liabilities.

  1. ECCON 1001 Principle of Economics

Credit Hour: 6 Hours per Week/ 120 Hour Semester

This course provides an introduction to a broad range of economic concepts, theories and analytical techniques. It considers both microeconomics – the analysis of choices made by individual decision-making units (households and firms) – and macroeconomics – the analysis of the economy as a whole. The use of a market, supply and demand, model will be the fundamental model in which trade-offs and choices will be considered through comparison of costs and benefits of actions. Production and market structure will be analysed at the firm level. Macroeconomic issues regarding the interaction of goods and services markets, labour and money at an aggregate level will be modelled. The role of government policy to address microeconomic market failures and macroeconomic objectives will be examined.

  1. SOCC1301 Principle of Sociology

Credit Hour: 6 Hours per Week/ 120 Hour Semester

This introductory course provides students with the skills to analyze society from a sociological perspective. It examines a number of pressing social problems within contemporary Somali society and offers a comprehensive introduction to the discipline of sociology and its foundational theories. It aims to provide students with the skills to understand examine and explain broad social trends and their impact on the individual. Key sociological concepts covered include class/socioeconomic status, gender, youth, ethnicity, family, work, consumption and location.

 University Requirement Course:

  1. ENGl1501 English I

Credit Hour: 4 Hours per Week/ 80 Hour Semester

This is an Elementary English course for non-native speakers of English and it emphasizes elementary competency in Standard English with a focus on speaking, basic grammar, listening & reading skills necessary for success in introductory English as a foreign language.

Learners should be able to learn basic Vocabulary, expressions, grammar, and contextualized social language that is essential for communicative skills in small groups as well as individual presentations. It will also emphasize role plays in various situations and students will practice writing at a paragraph level and reading and listening from various sources.

  1. ISLS1001 Islamic Studies

Credit Hour: 2 Hours per Week/ 40 Hour Semester

These courses come from multiple departments and programs which contribute to the programs in Islamic Studies. Courses provide students with a rich, multidisciplinary perspective on issues involving the societies, cultures, history, and politics of the Islamic world. The students are expected to know five pillars of Islamic and 6 Pillars of imam(faith). They must know also basic of fiqh such as what makes one pray, fast and haj and invalid.

Semester II

Core Courses:

  1. ECON2201 Principle of Microeconomics

Credit Hour: 8 Hours per Week/ 160 Hour Semester

Pre-Request: Principle of Economics

The course provides an introduction to a core area of economics known as microeconomics. It considers the operation of a market economy and the problem of how best to allocate society’s scarce resources. The course considers the way in which various decision making units in the economy (individuals and firms) make their consumption and production decisions and how these decisions are coordinated. It considers the laws of supply and demand, and introduces the theory of the firm, and its components, production and cost theories and models of market structure.

  1. MATH2101 Advanced Mathematics

Credit Hour: 8 Hours per Week/ 160 Hour Semester

Pre-Request: General Mathematics

This course is designed to develop topics which are fundamental to the study of Advanced Mathematics. Emphasis is placed on algebra reference, linear functions and nonlinear functions and their applications in higher than General Mathematics, the derivatives, calculating the derivatives , graphs and the derivative, and applications of the derivatives and Partial differentiation. Upon successful completion of this course, students should be able to select and use appropriate models and techniques for finding solutions to algebra and other mathematical related problems through practical applications.(with and without technology).

The other topics covered are Functions, the derivatives ,graphs and the derivative and applications of derivatives.

Faculty Requirement Course:

  1. ECON2301 Economic Statistics I

Credit Hour: 6 Hours per Week/ 120 Hour Semester

Pre-Request: General Mathematics

This Book is provides students in Economics, accounting. finance, international business, sales, management and other field of business and marketing  with concise introduction  inferential statistics Hypothesis and hypothesis procedures to teach students how to predict the accurate data.

Methods to use Time series Analysis and Forecasting.

Understand the role of quality control in production and service operations

Definition of new terms unique to study of statistics

Define Price index and how to calculate the price index.

  1. ACCT2401 Applied Accounting

Credit Hour: 6 Hours per Week/ 120 Hour Semester

Pre-Request: General Accounting

Introduce the student to the accounting cycle. Basic concepts covered include double-entry bookkeeping and an examination of  Statement of Comprehensive income(SOCI), income expense and Statement of Financial Position. (balance sheet statements). Cash receipt, cash disbursements, accounts receivable and accounts payable are emphasized. Intended to be the first accounting course for students who have not taken high school accounting and/or have no accounting experience.

  1. LAWS1401 Private Law

Credit Hour: 6 Hours per Week/ 120 Hour Semester

This course examines the role of law in regulating four types of legal relationships: relationships established by agreement (contract law); relationships based upon widely recognized legal duties owed to others (tort law); relationships based upon respective interests in property (property law); and relationships based upon fiduciary obligations (the law of trusts). Throughout the course consideration will be given to the role of government in regulating private law relationships.

University Requirement Course:

  1. ENGL2501 English II

Credit Hour: 4 Hours per Week/ 80 Hour Semester

Pre-Request: English I

This is an integrated elementary-level course that builds on the foundation program as part of the package program which aims to bridge the gap between secondary school and university education. The course is intended for non-native speakers of English and consists of a number of elementary competencies in Standard English: literacy, communication, critical and creative thinking skills as well as academic English necessary for success in academic and daily life. An important focus will be to develop students’ receptive skills (reading & listening) and productive skills (writing and speaking) as well as to build on their basic knowledge of grammar and vocabulary. This involves intense practice in listening, speaking and writing. Contextual social language will be used to enhance essential communication skills, while using academic language best suited to particular texts and purposes for reading and developing greater control in writing. Classroom learning is reinforced with a variety of Multimedia programs and special websites for students’ supplementary materials and self-assessment.

Semester III

Core Courses:

  1. ECON3102 Principle of Macroeconomics

Credit Hour: 8 Hours per Week/ 160 Hour Semester

Pre-Request: Principle of Microeconomics

This course will teach the students the basic tools of macroeconomic theory and how to apply it to the real world. It examines macroeconomic issues of National Income, business cycle, unemployment, Inflation, and economic growth.

Faculty Requirement Courses:

  1. ECON3302 Enterprise Economics

Credit Hour: 6 Hours per Week/ 120 Hour Semester

Simply speaking enterprise economics is what entrepreneurs do and this course is precisely about that! The course deals in detail with the 4 basic fields:  entrepreneurship, organization, management and marketing research. The course is composed of 28 lectures, 2 quizes, 10 papers and two written evaluation exams ( Midterm and final exam). Special consideration will be given to highlight the applied or practical side of management rather than theories alone. For this purpose examples from Somalia and international context of business and management are intended to be presented as real life situations. Another aspect which adds depth to this course is the extensive use of cases and managerial situations so that the students acquire the skills and knowledge to encounter these issues when faced in their work life.

This is a core course and the main objective is to arouse participants’ interest in the field of management and organization on one hand, and the applicability of theoretical knowledge on the other hand in its related areas. Two hundred years ago, before the industrial revolution, the concept of professional management and managers did not exist. Today millions of people around the world are managers. These managers coordinate and control organizational resources, lead their people into the future, and help their organizations respond to everything from technological changes to social expectations. Management touches everyone’s daily lives in a variety of ways:  managers run the largest and smallest businesses, hospitals and schools, charities and art organizations, governments and military organizations.

  1. ECON3202 Economic Statistics II

Credit Hour: 6 Hours per Week/ 120 Hour Semester

Pre-Request:  Economic Statistics I, Advanced Mathematics

Introduction to Probability and Statistics, students examine advanced statistical techniques and methods and their applications in business and economics. Topics include review of hypothesis tests; inferences about population variances; comparing multiple proportions for three or more populations and tests of independence; analysis of variance and experimental design; simple and multiple regressions; and time series analysis and forecasting. Students are required to apply statistical techniques using Excel  and XLSTAT.

  1. ECON4402 Money And Banking

Credit Hour: 6 Hours per Week/ 120 Hour Semester

Pre-Request:  Macroeconomics

Money, Banking, and Financial System is in the heart of financial economy. The Financial system consists of Money, Financial Instruments, Financial Markets, Financial Institutions, Government Regulatory Agencies, Central Banks. Without understanding it properly, it will be hard to become an economist. This course is also about learning money including history of payment and evolution of Money and how commercial and Central Banks work. Furthermore, this course provides to students the five core principles of Money and Banking based on Time, Risk, Information, Markets and Stability.

the course give comparison analysis between Independent and dependent Central Banks

It also focuses on how money is created and who can do that. Monetary policy is to be taught and how central banks involve such this policy.An overview of Global Financial Crisis and Role of Government as well as the role of Financial Markets on global prospective.

  1. LAWS350 Public Law

Credit Hour: 6 Hours per Week/ 120 Hour Semester

Pre-Request:  Private Law

Unlike private law, which concerns the legal relations between individuals, public law encompasses relations among persons (individuals and corporate bodies), groups, levels of government, and the various actors and institutions comprising the state. These relations form the basis of administrative, constitutional, and the vast multiplicity of statutory law. Public law defines the structures, powers, and duties that inform these relations. The fundamental purposes of public law are to ensure legal accountability for public law-making and decision-making as well as to guarantee the legitimacy of the respective procedures. This course will focus primarily on statutes, including the enactment of legislation, approaches to statutory interpretation, and the role and objectives of statutes in furthering legal and political accountability. This course will also survey the various branches of government: legislative; executive, and judiciary, the relationship between each branch of government, the nature of their powers and authority, and the sources of law governing their functioning and powers.

University Requirement Courses:

  1. ENGL3602 English III

Credit Hour: 4 Hours per Week/ 80 Hour Semester

Pre-Request:  English II

This is an Elementary English course for non-native speakers of English and it emphasizes elementary competency in Standard English with a focus on speaking, basic grammar, listening & reading skills necessary for success in introductory English as a foreign language.

Learners should be able to learn basic Vocabulary, expressions, grammar, and contextualized social language that is essential for communicative skills in small groups as well as individual presentations. It will also emphasize role plays in various situations and students will practice writing at a paragraph level and reading and listening from various sources.

 Semester IV

Core Courses:

  1. ECON5403 Econometrics I

Credit Hour: 8 Hours per Week/ 160 Hour Semester

Pre-Request:  Economic Statistics I, II and Macroeconomics

This Course introduces the regression methods for analyzing data in economics. This course emphasizes both the theoretical and the practical aspects of statistical analysis, focusing on techniques for estimating econometric models of various kinds and for conducting tests of hypotheses of interest to economists. The goal is to help you develop a solid theoretical background in introductory level econometrics, the ability to implement the techniques and to critique empirical studies in economics.

Faculty Requirement Courses:

  1. ECON4102 Public Finance

Credit Hour: 6 Hours per Week/ 120 Hour Semester

Pre-Request:  Macroeconomics

Students Examine the Rationale for Government Innervation in a Market economy, the assessment of public policy and the impact of government expenditures and taxation on the economy and the citizenry. Topics will include government activities in public finance, theory of public goods and optimal taxation, Public expenditure, public revenue, fiscal deficits and public debt, principles of taxation, incidence and effects of taxation, principle of maximum social advantages, financial administration, public enterprise, externalizes and black money. 

  1. LAWS4202 Commercial Law

Credit Hour: 6 Hours per Week/ 120 Hour Semester

Pre-request: Applied Accouting

This course introduces students to the laws governing commercial transactions, primarily in the area of personal property. The course deals at length with the Sale of Goods Act 1923 (NSW) and with product liability.

  1. MKTG4302 Principle of Marketing

Credit Hour: 6 Hours per Week/ 120 Hour Semester

Pre-Request:  Enterprise Economics

A study that builds on the evolution of modern management toward a marketing-oriented    view of business; stressing the underlying principle of the “marketing concept”; and integrating concepts in relation to consumer needs, marketing information, product development, pricing, distribution, selling, advertising, and promotions.

University Requirement Courses:

  1. ENGL4502 English IV

Credit Hour: 4 Hours per Week/ 80 Hour Semester

Pre-Request:  English III

This course is intended to help students improve their English skills in preparation for general courses.  There is a particular focus on developing reading and writing skills, speaking, pronunciation, listening, spelling, and grammar. We will also work on mathematics by focusing on vocabulary.  We will be meeting two hours a week in the computer lab to work on reading comprehension, vocabulary and speed, and mathematics.

Semester V

Core Courses:

  1. ECON5203 International Economics

Credit Hour: 8 Hours per Week/ 160 Hour Semester

Pre-Request:  Macroeconomics

The objective of this course is to introduce students to both classical and modern theories of international trade in goods and services, as well as empirical research on trade. This course will provide students with a fundamental understanding of international economics in the 21st century. Students will be a fundamental understanding of international economics in the 21st century and a solid understanding of trade and globalization of international financial institutions.

The main goal of the second part of the course is to introduce students to introductory level of theories of international finance flows, determination of interest and exchange rates in interconnected economies, macroeconomic policies available to the government, and the nature of financial crises.

  1. ECON5103 Agricultural Economics

Credit Hour: 8 Hours per Week/ 160 Hour per Semester

Pre-request : Macroeconomics

A study of economic principles, with emphasis on their application to the solution of farm, agribusiness, and agricultural industry problems. 

Faculty Requirement Courses:

  1. ECON5303 BUSINESS COMMUNICATION

Credit Hour: 8 Hours per Week/ 160 Hour Semester

The aim of this course is to develop students’ communication skills in the English language that will enable them to function effectively in a business environment. The course offers a practical approach to corporate communication that includes training in the principles and key elements of business writing and the effective delivery of oral presentations. The course content focuses on selected written and oral forms of communication related to topics and issues critical to students of Business Studies.

University Requirement Courses:

  1. CIS 5203 Computer Information System

Credit Hour: 2 Hours per Week/ 40 Hour Semester

General nature of computer hardware, software and systems: Hands-on applications include introduction to word processing, spreadsheet, database management, and presentation software, and a brief introduction to web browsing and e-mail.

  1. CIV5404 Civic Education

Credit Hour: 2 Hours per Week/40 Hour Semester

Civic education includes the study of the purpose of government, the nature of law, the way private behavior affects the public order, the political system, and the international context of politics. In most countries, formal instruction in civics and government is provided to students to help them understand the workings of their own and other political systems as well as the role and relationship of their country’s politics and government to world affairs.

Semester VI

Core Courses:

  1. ECON6203Economic Policy

Credit Hour: 8 Hours per Week/ 160 Hour Semester

Pre-Request:  Macroeconomics, Money and Banking

The aim of this course is to appraise students of bases of economic policy. The course is concerned about creation and application of economic policy by central organs of state (central bank, government etc.) or by regional authorities. The course enlarges economic knowledge acquired in courses of microeconomics and macroeconomics. Students should understand the meaning of economic policy measures and deduce their impact on economic subjects and entire economy.

Faculty Requirement:

  1. ECON6103Economic Development

Credit Hour: 6 Hours per Week/ 120 Hour Semester

Pre-request: Macroeconomics, Economic Policy

This is an intermediate undergraduate course in development economics. The course covers the following topics: the meaning and measurement of economic development, growth theories, poverty and income distribution, the role of geography and institutions, fertility and population growth, the role of credit markets and microfinance, health and nutrition, education, female empowerment.

  1. LAWS6503 International Economic Law

Credit Hour: 8 Hours per Week/ 160 Hour Semester

Multinational companies like Google or Apple self-evidently act on a global stage. But even small businesses participate in international trade today. The integration of national economies and the elimination of barriers of trade no longer allow a solely national view on this development. With the growing importance of international commerce, the need for an „International Economic Law“ arises. Numerous regulations and agreements concern international trade and investment, but the legal framework of international economy remains indefinite. In this course common principles of International Economic Law will be examined by analyzing leading decisions by international courts. Therefore a substantial part of the course will be dedicated to class room discussion of cases and reading materials.

  1. ECON6303 Research Methodology

Credit Hour: 6 Hours per Week/ 120 Hour Semester

Pre-request: Econometrics I, Economic Statistics I, Economic Statistics II

Research is something that anyone can do, and everyone ought to do. It is, simply, collecting information and thinking systematically about it (Connell, 1975). Research is about understanding and explaining – about ‘knowing’. The aim of this course is to introduce early career researchers to some of the methods and techniques of research and their methodological frameworks in their diverse and pluralistic nature, and to demonstrate their purpose, relevance and effectiveness. Further, it aims to provide a full coverage of the area of research, attempting to integrate all popular methodologies and methods, in both theory and practice. This course aims to introduce a researcher to a wide area of study ranging from traditional research models of positivism and neo positivism to more recent developments such as grounded theory and ethnographic approaches. Statistical techniques employed by researchers and the use of computers in research will also be discussed. Finally, it aims to present research as a dynamic process leading from the beginning to the end, and from questions to answers, showing clearly how researchers progress from one stage to the next, how decisions are made, how questions are chosen, and how conclusions/ inferences are drawn.

  1. Academic Writing

Credit Hour: 8Hours per Week/ 160 Hour Semester

This course aims to help you write clear, grammatically accurate and well-organised academic English. A major focus of the course will be on the language used to express the main communicative functions used at all levels of academic discourse (eg defining, comparing, describing cause and effect). In addition, some sessions will cover certain common features of academic texts (style, conventions, phraseological patterns). Examples of different types of text and the language used in them will be examined and discussed, and you will have a chance to practise a series of writing tasks, both individually, and, where possible, collaboratively, in groups

University Requirement:

  1. SOM5501 Somali Studies.

Somali is a language spoken by all Somali native. It has been in use since 1972 only after less than three years of the revolution. Somali language is important not only written communication but also literature purpose songs and poets. Without deep understand of Somali language, it may become difficult for the native to know more about their heritage and culture. Therefore, Somali University, particularly the Faculty of Economics and Management Science is committed to teaching Somali language. This course is comprised of songs, poet, literature and Somalia history and citizenship.

Upon completion of this course, the students are expected to

  • know the history of Somalia
  • Learn songs and poet
  • understand Somali history

Semester VII

Core Courses:

  1. ECON7304 History of Economic thoughts

Credit Hour: 8 Hours per Week/ 160 Hour Semester

This course traces the history of Western economic thought from ancient to modern times, with an emphasis on developments since Adam Smith published the Wealth of Nations in 1776. We attempt to understand the interactions of scholars in building a discipline called “economics,” the influence of technological change and the social, business, and political environments on economics, as well as the influence of economists on society. In addition, we examine the progress of the principles of economics from their formative stages to modern times

  1. ECON7404Economics of Developing countries

Credit Hour: 8 Hours per Week/ 160 Hour Semester

Pre-request : Economic Development

How do countries develop? How can we measure wealth, poverty and inequality? What barriers to development do low-income countries face? What can be done about global poverty? In this class we will explore answers to these questions. In the first half of the class, we will study the history of development in the West and theories of economic growth. We will explore different approaches to economics, and cover the work of Adam Smith and John Maynard Keynes. In the second part of the class, we will discuss barriers to growth in low-income countries, investigating institutional, geographic and political factors. In spite of these barriers, we will analyze new evidence of the recent ascent of the developing world and consider how countries have overcome challenges to development. Finally, we will investigate the contemporary role of randomized-control trials (RCTs) in helping policymakers find solutions to poverty.

  1. ECON7104 Principles and Techniques of Economic Planning

Credit Hour: 8 Hours per Week/ 160 Hour Semester

Pre-request : Economic development and Advanced mathematics

The course material covers three main elements of economic and strategic planning: Conducting Strategic Analysis; Developing Strategic Direction and Implementing Strategic options. It covers topics such as: What is Strategy? What is Economic Planning? The Planning Process, Forecasting, Strategy Formulation, Planning and Budgeting, Balanced Scorecard, Strategy Execution. The course is delivered through a combination of practical coursework and classroom lectures

 Faculty Requirement Courses:

  1. SOE8304 Somali Economy

Credit Hour: 6 Hours per Week/ 120 Hour Semester

The course aims to provide a framework for consistent reasoning about domestic production, livestock, farming, fishing , poverty of the country and so on.

  1. ECON7204 Environmental Economics

Credit Hour: 6 Hours per Week/ 120 Hour Semester

Pre-Request:Economic Development

The class is designed as a broad survey course covering the most critical topics in environmental economics today. Economics, the science of how scarce resources are allocated, is at the core of many of our most challenging environmental issues, and therefore vitally important. In a world of increasing scarcity and competing demands, economic analysis can guide public policy to efficient utilization of resources. Market failures are the cause of many of our most serious environmental problems, but can be remedied with economic tools. Getting prices to reflect true costs, providing productive incentive structures, and explicitly valuing environmental amenities are the primary goals. Topics covered include the economics of population growth, poverty & income distribution, market failures, economic valuation, economic incentive instruments, food and water resources, international agricultural markets, fisheries, and wildlife conservation.

 University Requirement Courses:

  1. Arabic7504 Arabic I

Credit Hour: 2 Hours per Week/ 40 Hour Semester

The goal of this course is to begin developing reading, speaking, listening, writing, and cultural skills in Arabic. The course stresses communication using both formal and informal Arabic. Preparation for class is an essential component of the course, allowing us to devote in-class time to communicating in the language rather than talking about the language. Students will be evaluated on attendance and class participation, daily homework assignments, quizzes, skits, presentation, and a final examination

Semester VIII

Core Courses:

  1. ECON8204 Maritime Economic

Credit Hour: 8 Hours per Week/ 160 Hour Semester

The objective of this unit is to provide a basic understanding of the organisation and operation of the maritime industry from an economics perspective. The main focus is on the economic behaviour of shipowners, shippers, and other stakeholders in the markets for liquid bulk, dry bulk and container shipping, shipbuilding and second-hand ships.

  1. ECON6503 Econometrics II

Credit Hour: 8 Hours per Week/ 160 Hour Semester

Pre-Request: Econometrics I

In this course, students will develop a sound understanding of modern econometric theory. Sound working knowledge of matrix algebra and statistical theory will be assumed; students without the prerequisite skill set should take the initiative to seek additional help via reference to relevant texts. Sound working knowledge of the classical econometric methods covered in ECON3049 will be assumed. Students are also expected to be computer literate and to be familiar with the Econometric package EViews.

  1. LAWS8104 Labor Law

Credit Hour: 6 Hours per Week/ 120 Hour Semester

Pre-Request: Public Law

The course focuses on legislation related to employment conditions, such as, hiring, working hours, vacation and termination of employment. The general theme in all phases of the course are regulations concerning equality.

  1. FIM 8501 Financial Mathematics

Credit Hour: 6 Hours per Week/ 120 Hour Semester

Pre-Request: Advanced Mathematics and Money and Banking

This course provides an introduction to the basic mathematical concepts and techniques used in finance and business, highlighting the inter-relationships of the mathematics and developing problem solving skills with a particular emphasis on financial and business applications.

  1. ECON8404 Industrial Economics

Credit Hour: 6 Hours per Week/ 120 Hour Semester

The aim of the course is to provide students with a working knowledge of theoretical and empirical methods for industry studies. Topics may include: monopoly, price discrimination, pre-requisites in game theory, oligopoly theory, product differentiation, demand estimation, production function estimation, conduct in concentrated industries (cartel stability, limit pricing, etc.), empirical techniques for oligopoly models, identification of conduct, markets with asymmetric information, matching models, entry in strategic settings, advertising, auction markets, empirics of auction markets, winner’s curse, and insurance. The topics will be discussed with detailed applications for selected industries and considering competition policy questions.

 University Requirement:

  1. Arabic 7604 II

Credit Hour: 2 Hours per Week/ 40 Hour Semester

Pre-Request:  Arabic I

Arabic II is continuation of Arabic I to a higher level of reading, writing and Speaking Arabic Language. It is a University Requirement. Only students who have passed Arabic I can enrol this course. Upon completion of Arabic II, students are able to:

  • Communicate effectively with less difficult
  • Speak, write and read in a higher level of the Arabic language
  • be able to analyse large text with a short period

Other elective or Faculty Requirement courses:

GIS 7408 Global Issues in Strategic Financial Planning

Course description

This course will be taught in the 3rd year of economic streamline of SNU the faculty of economics and management science as an optional.  The availability of the course is subject for sufficient number of the students to enrol it.

The relationship between Somali government and private businesses is essential both for the economic and social development and delivery of public policies and for the successful operation of businesses in Somalia. This course observes the nature of the relationship and the interactions between government and business in Federal Republic of Somalia. Topics to be considered include: Role of politics, markets and regulation, Globalisation, Global business policy, business, the environment and sustainable development, Social responsibility and corporate governance, power of business, promotion of business competitiveness, e-business and e-government, rise of regulatory state, and the regulation of business activity.

Brands are facing challenging times – and this course’s aim is to equip students with an understanding of the models and frameworks necessary for them to understand, develop and grow brands in a variety of organisational contexts.

The course is structured to bring together new product development and innovation, and subsequent brand development, the course allows the student to develop creative thinking skills and related business insight.

A combination of teaching and learning techniques will be utilised – including contemporary case studies, videos and role play. The theory will be explained and applied by tutors who have relevant experience managing products and brands for well-known companies.

PECON 8608 Political Economy

Course Description:

Traditional economic theories of the public sector view the government as an exogenous, benevolent economic agent. This view, though politically naive, is not without merit. For some public issues a consensus may be reached, and then the naive approach may suffice to explain government behaviour. But more often, redistributive effects are central; then government actions can be understood only as a consequence of the political forces that enable it to maintain power. Political Economy regards income redistribution, taxation, the production of public goods, and other actions of the public sector as determined by a political process simultaneously with the economic process of exchange and production. In this course, we will investigate the connection between public policies and the political forces that shape them. We will attempt to explain why the government behaves as it does and how its behaviour influences and is in turn influenced by the behaviour of private citizens. We will also investigate the effects of political institutions on political and economic outcomes and assess the relative performance of different political systems.

LECON6509 Labour Economics

Course Description:

This course will build upon Microeconomics and Macroeconomics introduced in Years 1 and 2 in order to develop an understanding of some of the principal issues in modern labour economics, while providing opportunities to practice and develop a range of key skills. This course will analyse topics of behaviour and outcomes in labour markets and other related markets. We will discuss the way in which labour markets are organized and what implications this has for individual outcomes. We begin by considering the behaviour of firms (labour demand) and workers (supply) and examine how labour market equilibrium is obtained. After that, we turn to a variety of topics such as the returns to education, labour mobility, and inequality. The main analytical tools will be theoretical but we will also be using real-world examples and applied techniques in order to evaluate the theoretical models and relate them to topical issues in public policy. You will need to be prepared to use microeconomics, algebra, and basic econometrics.

MECON 7508 Mathematical Economics

Course Description

The aim of the course is to provide an introduction to dynamic methods commonly used in economics. Students learn various methods used to solve difference and ordinary differential equations. Particular emphasis is placed on learning about how to use these methods in order to analyze economic issues and problems.

MECON 8709 Monetary Economics

Course Description

The course provides an introduction to monetary theory, to the effects of monetary variables on the macroeconomic system, the role of the central bank and the conduct of monetary policy. Subjects covered include: The nature and function of money; Asset prices and the term structure of interest rates; Classical monetary theory, neutrality and inflation; Interest-rate feedback rules; The interaction between monetary and fiscal policy; Theories of the demand for money; The market for reserves; Financial markets and financial intermediaries; The transmission mechanism of monetary policy and theories of the Phillips curve; The optimal rate of inflation and optimal stabilisation policy; The positive theory of inflation and the case for central bank independence; Policymaking in an uncertain environment; The role of banks in the transmission  mechanism and the case for bank regulation; Financial crises.

MECON 7604 Managerial Economics

Course Description

To illustrate the application of economic theory and methodology as an alternative in managerial decisions. The purpose of this course is to provide students with a basic foundation of economic concepts and tools that have direct managerial applications. The course will sharpen analytical skills of students through integrating knowledge of economic theory with decision making techniques. The course will help students become more adept at designing and developing business strategy at firm level. Students should gain a rigorous understanding of competitive markets as well alternative market structures.

PECON8904 Public Economics

Course Description

This course investigates the role of the public sector in the economic arena. We will attempt to explain why government intervention is needed, how it influences the behaviour of the private sector and what the welfare effects of such influences are. We will also survey political economy, which regards actions of the public sector as determined by political processes. Topics covered may include welfare economics, market failures, and political economy.

CFIN7904 CORPORATE FINANCE

Course Description

The course develops theoretical framework for understanding and analysing major financial problems of modern company in market environment. The course covers basic models of valuation of corporate capital, including pricing models for primary financial assets, real assets valuation and investment projects analysis, capital structure and various types of corporate capital employed, derivative assets and contingent claims on assets. It provides necessary knowledge in evaluating different management decisions and its influence on corporate performance and value. The course requires the knowledge in micro and macroeconomics, accounting and banking. The course is based on lectures, seminars, case studies and self-study. “Corporate finance” is a two-semesters course designed to prepare students for UOL examination.

Somali is a language spoken by all Somali native. It has been in use since 1972 only after less than three years of the revolution. Somali language is important not only written communication but also literature purpose songs and poets. Without deep understand of Somali language, it may become difficult for the native to know more about their heritage and culture. Therefore, Somali University, particularly the Faculty of Economics and Management Science is committed to teaching Somali language. This course is comprised of songs, poet, literature and Somalia history and citizenship.

Upon completion of this course, the students are expected to

  • know the history of Somalia
  • Learn songs and poet
  • understand Somali history

The End…