NEAR EAST UNIVERSITY

FACULTY OF ECONOMICS AND

ADMINISTRATIVE SCIENCES

DEPARTMENT OF BANKING AND FINANCE

Course Catalogue
 Table of Contents

1 GENERAL INFORMATION........................................................................... 1
1.1 Near East University............................................................................................. 1
1.2 Faculty of Economics and Administrative Sciences.................................. 2
1.3 Department of Banking and Finance........................................................ 3

2 DEPARTMENT OF BANKING AND FINANCE.......................................... 4

2.1 Objectives of the study programme...................................................................... 4
2.2 Structure of the Programme.................................................................................. 5
2.2.1 Programme Curriculum........................................................................................ 5
2.2.2 Course Description................................................................................................ 7
2.3 International orientation of the study programme ................................................ 12
2.4 Positioning of the study programme..................................................................... 13
2.4.1 Positioning of the study programme in the educational market............................ 13
2.4.2 Positioning of the study programme on the job market for graduates................. 13
2.5 Location of Department and Contact Details....................................................... 14
2.6 Registrar’s Office................................................................................................. 16
2.6.1 Openning Hours and Contact Details................................................................... 16
2.6.2 Services................................................................................................................ 16
2.6.3 Tuition.................................................................................................................. 17
2.7 Course Registration.............................................................................................. 17
2.7.1 Online Course Registration................................................................................... 17
2.7.2 Transfer Students.................................................................................................. 18
2.7.3 Grading Scheme and Grades............................................................................. 18
3 ADMISSION....................................................................................................... 19
3.1 Admission requirements....................................................................................... 19
3.2 Ensuring foreign language proficiency................................................................. 21
4 DIPLOMA SUPPLEMENT................................................................. 22

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1. GENERAL INFORMATION
1.1 NEAR EAST UNIVERSITY (NEU)

The Higher Education Institude of Near East University (NEU), established in 1988, is a private
university located in Nicosia, the capital city of North Cyprus. The founder of the Near East
University is Dr. Suat İ. Günsel, a Turkish Cypriot educationalist and entrepreneur. As an
international higher education institution employing highly qualified staff, offers the most
extensive undergraduate and postgraduate education opportunities to over 26 thousand students
coming from over 100 countries. NEU was established with only 2 faculties and today it has 17
faculties comprising 220 departments and programs, 4 graduate schools with around 200
graduate and postgraduate programs, and 4 high schools, 28 research institutes, and has several
international memberships. Moreover, the Near East Kindergarten, Pre-School, Primary School
and College have all been conscientiously designed and are situated within the NEU campus.

The students of Near East University, which stands out as a small town at the northern suburbs
of Nicosia, are provided with all-round on campus facilities and opportunities such as sports
fields, shops, restaurants, dormitories with a capacity of 5000 people, health and fitness centers,
hospitals, cafes, student clubs, radio-TV centre, library, olympic swimming pool, national and
international banks, travel agencies, post office, scheduled coaches traveling between city and
airport from early morning till late night, 24 hours security and health services. The University
also have its own bank; called as Near East Bank Ltd. Near East Bank Ltd. offers it’s student a
great chance to do their compulsory bank trainning.

The Near East University comprises many firsts in Cyprus. The Faculty of Medicine, which is
the only Faculty of Medicine of North Cyprus; the Faculty of Dentistry which is the first and
only faculty of North Cyprus; the Dentistry Clinics which are the first JCI accredited private
dentistry clinics of the world; the Super Computer which is one of the most advanced and
powerful computers of the world with a capacity to provide support to several international
research and academic studies throughout the world, including the CERN project; the Grand
Library, the biggest and most comprehensive library of Eastern Mediterranean region with over
a million printed materials and 115 million electronic sources, where several national and
international conferences are held; Hospital of Near East University which is the most advanced
research and training hospital of Eastern Mediterranean region; the Faculty of Pharmacy which
is the first and only faculty on pharmacy in North Cyprus. The campus also hosts the Atatürk
Culture and Congress Centre, the biggest hall in North Nicosia, with a main hall capacity of 700
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people and stage area of 163.85 square metres. The hall hosts many congresses, concerts, dance
shows and other cultural events, such as the annual international Cyprus Theatre Festival. The
centre also hosts four other, smaller halls. The campus is also home to three museums: the
Communications Museum, the Art Museum and the Museum of Classical and Sports Cars.

1.2 FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES (FEAS)

The Faculty of Economics and Administrative Sciences (FEAS) was founded in 1988 with two
departments, Business Administration and Computer Information Systems. In the following
years 9 more departments were established, namely International Relations, Economy, Political
Science, Banking and Finance, International Business, European Union Relations, Knowledge
Management, Marketing, and Human Resource Management, Public Administration, and
Management Information Systems bringing the faculty to a total of 13 departments and over
1500 students.

The educational programmes are fundamentally strong and have a broad and modern vision. The
programmes are constantly updated to provide our students with a contemporary education. The
curriculum of each programme has been designed to carefully balance theoretical and practical
courses as well as compulsory and elective courses. The first two years of the programmes
consist of the compulsory courses giving the students their theoretical foundation. The
remaining years allows the students to choose from a range of elective courses providing them
with the opportunity to pursue their areas of interest. Apart from Knowledge Management all
programmes are available in both English and Turkish.

The faculty is proud to be host to students from a vast array of different countries from all
around the world. This provides the faculty students with the opportunity to mix and experience
different cultures which in turn will be a valuable experience for them in their future careers.

The Near East University, Faculty of Economics and Administrative Sciences, with its young
and dynamic academic staff, aims to provide students with a contemporary education that will
contribute to the development of quality individuals who are equiped with global knowledge and
skills to cope with the continuous changes and developments nationwide as well as worldwide.

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1.3 DEPARTMENT OF BANKING AND FINANCE
The Higher Education Institude of Near East University offers the study programmes of
Banking and Finance. The Banking and Finance programme is take place under the Faculty of
Economics and Administrative Sciences (FEAS) and started admitting student after 1996 and
offers undergraduate program (B.A), a master's program with two different options: with thesis
and without thesis (M.Sc. and M.A); and a Ph. D. Program in Banking and Finance. The
programme aims to educate students in the field of banking and finance with the highest
international standards. The program provides a comprehensive theoretical, practical and
technological knowledge and skills that is necessary in the local and global financial world with
an ability to adapt professionally in a rapidly changing and uncertain financial environment.

Today the department graduates are frequently demanded by the banking and finance sector
around the world. Some had an excellent job oportunities in private financial instutitions, and
some are in a good position in the government ministries and agencies, including central bank.
Some of the students continued their education and successfully obtained their Master Degree
and Doctorate Degree in UK and USA, and are now continuing their career as an academicians.

Higher education institution (HEI) NEAR EAST UNIVERSITY (NEU), Turkish

Republic of Northern Cyprus
Degree awarding institution (if relevant):  Bachelor Program

Programme name:  Banking and Finance

Degree awarded:  Bachelor of Art (B.A.) in Banking and

Finance
Type of programme:  Bachelor Program

Projected study time and number of ECTS  Four years (8 Semesters) – 240 ECTS
points assigned to the study programme: points

Mode of study:  Full-time

Didactic approach:  study programme with obligatory class

attendance

Double/Joint Degree programme: No Double/Joint Degree programme

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 Scope (planned number of parallel classes) and  No parallel Classes
enrolment capacity:  50 Students

Programme cycle starts in:  both fall and spring semester

Initial start of the programme:  1996

2. DEPARTMENT OF BANKING AND FINANCE

2.1 OBJECTIVE OF THE STUDY PROGRAMME

The Banking & Finance Department provides the knowledge and professional skills that will qualify
students to succeed in a variety of jobs in banking sector as well as in other financial institutions.
Through various courses of banking and finance both at domestic and international levels, students will
acquire all the necessary concepts, principles and skills which should allow them not only to obtain
positions in local financial markets and institutions but also in international markets. The programme’s
duration is eight semesters and during this period each student is expected to fullfil a twenty one working
day internship at a financial organization approved by the Faculty so as to be able to acquire some
limited practical knowledge in his/her chosen area of interest. The graduates of this programme may also
continue their academic studies by proceeding with a master’s degree in Banking and Finance or in a
related field of study.

The four-year BA programme in Banking and Finance is a structurally well-balanced programme

requiring the completion of fortytwo courses equivalent to 120 credit hours ( or 240 ECTS). The courses
of the programme aim to establish a knowledge in banking & finance; educate students with a good
command in written and oral English and build strong communication skills that is necessary in the local
and global financial world. In the first two years of the programme, students are equipped with a strong
foundation in the fundamental concepts of business management, business law, computer applications,
accounting, economics and statistics. Upon this foundation, the students of banking and finance
department continue to build a more thorough knowledge in business finance, international finance, bank
management, international banking, international finance more investment fundamentals, portfolio
management and risk management and in their last two years of study. Students’ knowledge is also
broadened with nine non-departmental elective courses within the four-year programme.

The list of intended learning outcomes of the BA. program is as the following:
1. Internationality – Programme is in English that educate both national and international students
in different country (and different culture) with the aim of providing the highest international

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 standards.
2. The programme is designed to establish an efficient interaction between the academic staff
with an awareness of both ethnical and global issues.
3. The programme is designed to provide the students a required theoretical and technical
knowledge which is necessary for problem solving and decision-making in banking and finance.
4. The programme is designed to combine the fields of banking and finance with the general
fields of business management and economics.
5. The programme is designed to provide the students a practical financial knowledge. From this
perspective, the compulsory internship that the program offers provide an excellent opportunity
for the students to assign the skills and knowledges to the practical / real life. Hence, more self-
confidence, responsible and communicative students will promote personal achievement and
contrubution to the oganizations.
6. Ability to participate in team-works in a harmonized manner for the solution of the targeted
problem.
7. Ability to write a report and/or to carry out presentations on the studied project using the
modern techniques and facilities.
8. As an optional to improve the students analytical skills which is necessary for writing a
dissertation.
9. Graduate students can have chance to continue to Master programmes in any international
University.

2.2 STRUCTURE OF THE PROGRAMME

2.2.1 PROGRAMME CURRICULUM

The Banking and Finance programme curriculum is presented below;

BANKING AND FINANCE PROGRAMME – 4 YEAR

FIRST YEAR
FIRST SEMESTER SECOND SEMESTER
CODE COURSE NAME T P C ECTS CODE COURSE NAME T P C ECTS
CIS 151 Introduction to Computers 2 2 3 6 CIS 152 Computer Applications 2 2 3 6
ECON 101 Principles of Economics I 3 0 3 6 ECON 102 Principles of Economics II 3 0 3 6
ENG 101 English I 3 0 3 4 ENG 102 English II 3 0 3 4
MAN 101 Introduction to Business 3 0 3 6 MAN 102 Principles of Management 3 0 3 6
MATH 171 Maths for Business and 3 0 3 6 MATH 172 Maths for Business and 3 0 3 6
Economics I Economics II
ATA 101 Principles’s of Ataturk’s I 2 0 0 2 ATA 102 Principles’s of Ataturk’s II 2 0 0 2
YIT 101 Turkish for International 2 0 0 2 YIT 102 Turkısh for International 2 0 0 2
Students I Students II
TOTAL 15 30 TOTAL 15 30

5
SECOND YEAR
THIRD SEMESTER FOURTH SEMESTER
CODE COURSE NAME T P C ECTS CODE COURSE NAME T P C ECTS
ACC 202 Financial Accounting I 3 0 3 6 ACC 203 Financial Accounting II 3 0 3 6
ECON 201 Microeconomics 3 0 3 6 ECON 202 Macroeconomics 3 0 3 6
MAN 201 Business 3 0 3 6 MAN 202 Oral Communications 3 0 3 6
Communication
MAN 206 Introduction to Law 3 0 3 6 MAN 207 Business Law 3 0 3 6
MATH 281 Statistics I 3 0 3 6 MATH 282 Statistics II 3 0 3 6
TOTAL 15 30 TOTAL 15 30

THIRD YEAR
FIFTH SEMESTER SIXTH SEMESTER
CODE COURSE NAME T P C ECTS CODE COURSE NAME T P C ECTS
BANK 303 Principles of Banking I 3 0 3 6 BANK 304 Principles of Banking II 3 0 3 6
FIN 301 Financial Management I 3 0 3 6 FIN 302 Financial Management II 3 0 3 6
ECON 306 Economics of Money and 3 0 3 6 FIN 403 Portfolio Management 3 0 3 6
Banking
FIN 304 Investment Fundamentals 3 0 3 6 SOC 100 Sociology 3 0 3 6
Elective I 3 0 3 6 Elective II 3 0 3 6

TOTAL 15 30 TOTAL 15 30

Summer Term

CODE COURSE NAME T P C ECTS

BANK 310 Bank Training Program (8 Hours*5)*4 week=160 6 ECTS 0 0 0 6
TOTAL 0 0 0 6

FOURTH YEAR
SEVENTH SEMESTER EIGHTH SEMESTER
CODE COURSE NAME T P C ECTS CODE COURSE NAME T P C ECTS
BANK 405 Risk Management 3 0 3 6 BANK 408 International Banking 3 0 3 6
FIN 404 International Finance 3 0 3 6 Elective VI 3 0 3 6
Elective III 3 0 3 6 Elective VII 3 0 3 6
Elective IV 3 0 3 6 Elective VIII 3 0 3 6
Elective V 3 0 3 6 Elective IX 3 0 3 6

TOTAL 15 TOTAL 15

T: Theoretical P: Practical C: Total Credit

The Higher Education of NEU offers a four year (eight semesters) education with a total of 120
credits, which is equivalent to 240 ECTS-Points. Each academic year consist of two academic
semesters. Each regular semester lasts about 17 weeks and 2-3 weeks are carried out by mid-term
and final exams. For Bachelor students are not required to write thesis.Each course of the
programme is considered as a different module. Each student can take five courses for each
semester (excludin non-credit courses) for each of the seven semester and only for the last
semester when the student is in position to graduate can get maximum seven courses in their last
semester.
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More specifically,

 29 courses can be considered as core courses (each course is 6 ECTS Points), total is
equivalent to 174 ECTS Points.

 9 courses are area electives (each course is 6 ECTS Points), equivalen to total 54 ECTS
Points that can be choosen from a list of the courses of Faculty of Economics of
Administrative Sciences. These elective courses are determined by the Cairman of the
Banking and Finance department.

 2 courses (ENG 101 and ENG 102) have 4 ECTS points, total is equivalent to 8 ECTS
Points.

 2 courses (For national and Turkish National students ATA 101 (Principles of Ataturk’s I)
and ATA 102 (Principles of Ataturk’s II) and for international students TURK 101
(Turkish for International Students I) and TURK 102 (Turkish for International Students
II)) are considered as non-credit course and compulsury course with 2 ECTS point, that is
equivalent to total 4 ECTS Points.

 1 courses (Bank Trainning) non credit course and have 6 ECTS points that is taken in
summer term. (8 Hours*5) * 4 week=140, 140 / 25= 6.4, i.e. 6 ECTS)

 Furthermore, the non-credit and compulsory internship is offered in the summer term,
hence, it has overall it has no effect on the ECTS Points. (8 Hours working * 5) * 4 week
= 140, 140 / 25 = 6.4, i.e. 6 ECTS)

2.2.2 COURSE DESCRIPTION

FIRST YEAR
Fall Semester
ENG 101 English I
Focusing on grammar and developing of all language skills. This course aims at enabling
students to understand their lessons and to express themselves in English.

MAT 171 Mathematics For Business & Economics I

This course is aimed at providing a comprehensive treatment of selected topics in both finite
mathematics and calculus. It will make students as comfortable as possible in an environment of
quantitative analysis of computers.

CIS 151 Introduction to Computers

Introduction to the World of the Computer, Defining the Computer, The History of Computer,
Computer Generations, Elements of Computer Systems, Hardware of Computer, Classification
of Computers, Principle of Computer Working, Using the Computer and MS-Dos Operating
System, Dos Editor.

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MAN 101 Introduction to Business
Broad integrative course covering all functional areas of business; finance, human resources,
management sciences and information systems and marketing. Relationships among business,
government and society considered.

ECON 101 Principles of Economics I

Basic concepts of economics and mainly elementary microeconomics. Topics covered are: The
economic problem, Supply and Demand, Elasticity, Marginal analysis of consumers and firms
behaviour, The theory of profit maximization, Analysis of markets, Pricing in competitive and
non-competitive markets.

ATA 101 Principles of Atatürk’s I

The Principles of Atatürk will be discussed analytically and historically in both semesters.

Spring Semester
ENG 102 English II
This course aims to take students to advanced level of English.

MAT 172 Mathematics for Business & Economics II

Limits and Continuity, Average Rate of Change and Slope, Derivatives, Instantaneous Rate of
Change, Higher Order Derivatives, Optimisation, Concavity of Inflection Points, Maxima and
Minima. Revenue, Cost and Profit Applications, Anti Derivatives, Rules of Integration,
Differential Equations, Mathematics of Finance, Simple and Compound Interest, Present Value,
Effective Interest, Future Value, Annuities.

CIS 152 Computer Applications

Introduction to Windows, Windows Commands, How the windows commands work,
Introduction to Microsoft Office, Microsoft Word, Microsoft Power Point, Project of Microsoft
Power point.

MAN 102 Principles of Economics II

Principles of Management, the Basis of Management, Theory and Practice, the Nature of
Planning, Decision Making, The Nature and Purpose of Organising, Basic Departmentation,
Line / Staff Authority and Decentralisation, Human Resource Management and Selection,
Motivation, Leadership, and The System and Process of Controlling.

ECON 102 Principles of Economics II

Elementary Macroeconomics. Determination of National Income, The Role of Government, The
Banking System. Problems of Inflation, Unemployment and Growth.

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ATA 102 Principles of Atatürk’s II
The Principles of Atatürk will be discussed analytically and historically in both semesters.

SECOND YEAR
Fall Semester
MAN 201 Business Communication
This course aims to improve the student’s ability to understand and use English Grammar and
vocabulary in business context.

MAT 281 Statistics I

Frequency distributions and Graphing Frequency Distributions, Measures of Central Tendency,
Measures of Dispersion and Skewness, Basic Concepts and Rules of Probability, Probability
Distributions: Binomial, Poisson, Normal, and Chir-Square Distributions, Sampling Concepts,
Sampling Distributions.

ACC 202 Financial Accounting I

This course is comprised of the following topics: Accounting; Information for Decision Making,
Basic Financial Statements, The accounting Cycle: Capturing Economic Events, The
Accounting Cycle: Accruals and Deferrals, The Accounting Cycle: Reporting Financial Results,
Accounting For Merchandising Activities, Financial Assets, Accounts Receivable and Notes
Receivable, Inventories and Cost of Goods Sold.

MAN 206 Introduction to Law

A basic introduction to the study of law namely the Nature of Law, Legal Systems, The
Development of Law, The Structure and Work of the Courts, The Concepts of Legal Personality
and Capacity and an Outline of the European Union, its Laws and Institutions, Company Law
and Tort.

ECON 201 Microeconomics

The main objective of this course is to familiarise the students with the topics of
microeconomics. The main topics covered in this course consist of the Firm and Industry,
Perfect competition, Monopoly, Oligopoly, Analysis of Factors of Production, Human Capital,
Trade Unions, Game Theory, etc.

Spring Semester
MAN 202 Oral Communication
This course presents a business story within the context and structure of two typical business
communication situation. The target language items are described in terms of the functions they
perform within the communicative structure of the meeting or negotiation.

ACC 203 Financial Accounting II

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This course is comprised of the following topics: Accounting for Marketable Securities,
Generally Accepted Accounting Principles, Plant and Intangible Assets, Liabilities,
Stockholders’ Equity: Paid-in Capital, Income and Changes in Retained Earnings, Statement of
Cash Flows and Financial Statement Analysis.
ECON 202 Macroeconomics
Introduction of the economy as a whole including such topics as economic organization,
national income accounting, economic growth and fluctuations, inflation, labor market, money
and monetary policy, government and public economy, international trade. Course covers the use
of theoretical tools to explain the determinants and measurements of the level and change in
aggregate macroeconomic variables. One of the goals of this course is to provide a basic
knowledge of most important macro economic theories (Keynesian and classical approaches
examined).

MAT 282 Statistics II

Summary of Discrete Distributions, Summary of Continuous Distributions, Descriptive
Statistics, Point Estimation, Interval Estimation and the Control Limit Theory, Inferences in the
Mean and Variance of a Distribution, Inferences on Proportions, Comparing two Means and two
variances, Simple Linear Regression.

MAN 207 Business Law

A basic introduction to the law relating to business transactions namely an Introduction to the
Law of contract and various kinds of Business Contracts. This is followed by an examination of
Employment Law, including some provision requirements, European Union Law and an outline
of Insurance Law and some aspects of Banking Law.

THIRD YEAR

Fall Semester
BANK 303 Principles of Banking
It is the introductory course of banking giving an overview of the commercial bank, its
functions, management, and role in the economy. Topics primary include the structure of the
banking system; the organizational structure of commercial banks; bank asset and liability
management; international banking; theory of central banking; bank regulation and supervision;
and issues in banking detailed as banks’ balance sheet and income structure, managing banks,
banking risks and their management.

ECON 306 Economics of Money, Banking and Financial Institutions

Course is devoted to the study of financial intermediation, interest rates, money market
instruments and banking, focuses on modern financial markets and the role of monetary policy
in influencing asset prices and the economy. Topics covered include financial institutions and
markets, interest rate determination, portfolio theory, capital markets, the regulation of financial
institutions, the money supply process, money demand and monetary policy. Causes and
consequences of inflation. Applications to such problems as exchange rate determination and
dynamics, international monetary regimes.

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FIN 301 Financial Management I
This is an introductory course in the principles of corporate finance. The primary objectives are
to familiarize students with the major financial decisions made by firms, the process for making
those decisions, and to provide a conceptual framework for understanding and analyzing those
decisions. Major topics include financial statement analysis, the time value of money, bond and
stock valuation and investment techniques.

FIN 304 Investment Fundamentals

This course is designed to analyze the environment in which an individual will make investment
decisions under uncertainty. To achieve this goal, the course will begin with a brief overview of
the financial markets and financial instruments, followed by detailed discussion of some of the
common concepts in investment: risk & return, valuation techniques, diversification and CAPM,
etc.

ELECTIVE

Spring Semester
FIN 302 Financial Management II
This course is the continuation of FIN 301. The principal methods of instruction will consist of
interactive lecturing and problem-solving. The objective of this course is to give the students
detailed information about capital budgeting, risk and return, cost of capital and long-term
financial policy and short-term financial planning.

BANK 304 Principles of Banking II

The business environment; management processes; theories; models; skills and techniques.
Management theory and practice relevant to banking institutions. Lending policies, investment
policies, liquidity and capitalizations. Interest policies.

FIN 403 Portofolio Mgmt.

Risk and dıversification. Portofolio theory and market equilibrium . Capital asset pricing. An
efficient market. Performance monitoring.

SOC 100 Sociology

A general overview of sociology including history and methodology. Explanation of the main
schools in sociology, mainly Durkheim, Weber and Marx. Overview of group, stratification,
instiutitons and structure in general.

ELECTIVE

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 FOURTH YEAR

Fall Semester
FIN 404 International Finance
Introduction to exchange rate, The market for foreign currency, Exchange rate regimes,
International monetary system, Balance of payments, Prices in the open economy, Financial
markets in the open economy, Managing operating exposure, Managing transaction exposure,
Forward, futures and options markets, International banking, Sourcing debt internationally,
Sourcing equity internationally.

BANK 405 Risk Management

The goal of this course is to study the management of risks in a bank and a corporation. Over the
past two decades, the term has come to be associated with financial engineering and derivatives
in the financial markets. In this course we will focus on the risk management process in a bank
and in a corporate. In order to properly develop this management process we will discuss what
risk is, how it can be measured and transferred or eliminated, why individuals or banks care
about risk, and why corporations care about risk. Consequently, this course includes the risk
management procedures in banking and derivatives markets.

ELECTIVE
ELECTIVE
ELECTIVE

Spring Semester
BANK 408 International Banking
International banking in a modern setting. Exchange rates and exchange market regimes; theory
of, and innovation in international banking; the Foreign presence; the international debt
problem; regulation and risk-based capital adequancy guidelines.

ELECTIVE
ELECTIVE
ELECTIVE
ELECTIVE

2.3 INTERNATIONAL ORIENTATION OF THE STUDY PROGRAMME

International orientation of the programme is the basic in the NEU’s existence. The banking and finance
department aims to serve to his people and the peoples of world in many ways.
 The medium of instruction (teaching) in the department is English.
 In the department all of the curriculum is prepared according to the international standards. The
course outlines are prepared in a way that covers main international topics in the field of banking

12
 and finance.
 Instructor’s choose their materials (such as books) and their discussions according to the up to
date local and global issues.
 Students also can receive elective courses from different departments to strengthen their global
focus. (such as; EU Monetary Policy, European Economic Integration, Trends in Globalization,
International Economics, European Economy, Turkish Economy).
 Academicians in the department are also well equip, some of them obtained their Master and
PhD. Degree in USA, UK or Turkey, hence, they have an international view. Hence, some of our
instructor have international experience in teaching and research.
 Moreover, NEU has signed collaboration agreement with over 80 international institution around
the world.
 In terms of practical experience, students can do their internship around the globe which
contributes to the recognition of the University and the country.
 The success of our graduate students in Master and PhD. Programme around the world is a good
proof of the international orientation that contributes to the recognition of the University and the
country.

2.4 POSITIONING OF THE STUDY PROGRAMME

2.4.1 POSITIONING OF THE STUDY PROGRAMME IN THE EDUCATIONAL MARKET

 The programs of banking and finance cirruculum is English and organised in the best
international standards.
 The programme is designed to combine the fields of banking and finance with the general fields
of business management and economics to ensure that students complete their theoretical and
practical understanding of financial issues.
 Teaching Technique allow students to improve their
o with a good written and oral English
o ability to carry out presentations using the modern techniques and facilities.
o team-work activity to work in haromony within a group
o build strong communication skills
o strong problem solving and dercision making in the field of banking and finance
that is necessary in the local and global financial world.
 Students can easily transfer from NEU to any other Universities around the world as the
curriculums covers main courses and preapred at the international standards and also course
materials are up to date.
 Students can successfully continue their Master education .

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 2.4.2 POSITIONING OF THE STUDY PROGRAMME IN THE JOB MARKET FOR
GRADUATES

 The Banking and Finance is offering highly specialized degrees, identifying the graduates as
having expertise in fields of banking and finance. The graduates had acquired the teoretical and
practical knowledge and technical skills needed to analyze banking and finance issues. With the
technical knowledge and strong financial background that are gained in the department of
banking and finance, there are many local and international job and career opportunities in
banking and finance field.
 This degree equipped students for a rewarding career in any sector of the economy. Students
typically work in commercial banks, finance department of corporations, mortgage companies,
savings and loan establishments, credit unions and insurance companies. Government agencies
(Ministry of Finance or Central Bank’s) and companies also require financial services
professionals to manage their portfolios and statements and also to audit and regulate other
institutions.
 Furthermore, the compulsory internship that the program offers provide an excellent opportunity
for the students to assign the skills and knowledges to the practical / real life. Hence, more self-
confidence, responsible and communicative students will promote personal achievement and
contrubution to the oganizations. From the feedback that we received from the financial
institions (we receive confidential feedback on the programme and on the student at the end of
bank trainning), our programme is positioned on the job market as successful.

2.5 LOCATION OF DEPARTMENT AND CONTACT DETAILS

The Department of Banking and Finance is one of the departments of the Faculty of Economics
and Administrative Sciences. The department is located at the Faculty of Economics and
Administrative Sciences’ building which is the white building opposite the Grand Library. The
secretaries’ office is on the first floor and the offices of the instructors are on the f i r s t ,
second, and third floors of the building. The contact details for the department are as follows:

 Secretary’s Office Telephone Number: 0392 675 1000 Ext: 3102

 Fax Number: 0 392 675 1051

 University Website: https://neu.edu.tr/

 Faculty Website: https://neu.edu.tr/academic/faculties/faculty-of-economics-and-

administrative-sciences/

 Department Website: https://neu.edu.tr/academic/faculties/faculty-of-economics-

and-administrative-sciences/departments/department-of-banking-and-finance/
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Students are expected to follow course related issues through their instructors’ websites and
Einstein (Student Information System). The instructor websites include information
regarding the instructor’s timetable, contact details, o f f i c e h o u r s , announcements
related to the courses, and submission deadlines. In addition, course outlines and course
related materials can be downloaded from instructors’ websites. Student assessment results
(e.g. exam results, assignment/quiz results, f i n a l g r a d e s , etc.) a r e a n n o u n c e d v i a
E i n s t e i n . Students are encouraged to use instructors’ e-mail addresses to contact them
during out-of-office hours. A list of instructor web pages and their e-mail addresses are listed
below:

Acting Dean of the Faculty

 Assoc. Prof. Dr. Şerife Zihni Eyüpoğlu

Web:http://staff.neu.edu.tr/serife.eyupoglu
Email: serife.eyupoglu@neu.edu.tr

Department Chair

 Asst. Prof. Dr. Nil Günsel Reşatoğlu

Web:http://staff.neu.edu.tr/nil.gunsel
Email: serife.eyupoglu@neu.edu.tr

Administrative Staff / Secretaries

 Hümeyra Uzun  Didem Mısırlı

Email: humeyra.uzun@neu.edu.tr Email: didem.misirli@neu.edu.tr

 Fikriye Sonaroğlu Kaşer

Email: fikriyesonaroglu.kaser@neu.edu.tr

Full- Time Academic Staff

 Prof. Dr. İsmail Sıla  Asst. Prof. Dr. Direnç Kanol

WEB: http://staff.neu.edu.tr/ismail.sila WEB: http://staff.neu.edu.tr/direnc.kanol
Email: ismail.sila@neu.edu.tr Email: direnc.kanol@neu.edu.tr

 Assoc. Prof. Dr. Mustafa Sağsan  Asst. Prof. Dr. Ergin Akalpler
WEB: http://staff.neu.edu.tr/mustafa.sagsan WEB: http://staff.neu.edu.tr/ergin.akalpler
Email: mustafa.sagsan@neu.edu.tr Email: ergin.akalpler@neu.edu.tr

 Assoc. Prof. Dr. Erdal Güryay  Dr. Berna Serener

WEB: http://staff.neu.edu.tr/erdal.guryay WEB: http://staff.neu.edu.tr/berna.serener
Email: erdal.guryay@neu.edu.tr Email: berna.serener@neu.edu.tr

 Assoc. Prof. Dr. Tülen Saner  Behiye Tüzel Çavuşoğlu

WEB: http://staff.neu.edu.tr/tulen.saner WEB: http://staff.neu.edu.tr/behiye.cavusoglu
Email: tulen.saner@neu.edu.tr Email: behiye.cavusoglu@neu.edu.tr
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  Assoc. Prof. Dr. Mustafa Menekay  İmren Gürbaşar
WEB: http://staff.neu.edu.tr/mustafa.menekay WEB: http://staff.neu.edu.tr/imren.gurbasar
Email: mustafa.menekay@neu.edu.tr Email: imren.gurbasar@neu.edu.tr

 Asst. Prof. Dr. Ahmet Ertugan  Ayşem Çelebi

WEB: http://staff.neu.edu.tr/ahmet.ertugan WEB: http://staff.neu.edu.tr/aysem.celebi
Email: ahmet.ertugan@neu.edu.tr Email: aysem.celebi@neu.edu.tr

 Asst. Prof. Dr. Turgut Türsoy  Ali Malek

WEB: http://staff.neu.edu.tr/turgut.tursoy WEB: http://staff.neu.edu.tr/ali.malek
Email: turgut.tursoy@neu.edu.tr Email: ali.malek@neu.edu.tr

 Asst. Prof. Dr. Efsun Kürüm  Rana Serdaroğlu

WEB: http://staff.neu.edu.tr/efsun.kurum WEB: http://staff.neu.edu.tr/rana.serdaroğlu
Email: efsun.kurum@neu.edu.tr Email: rana.serdaroglu@neu.edu.tr

Part- Time Academic Staff:

 Asst. Prof. Dr. Veclal Günüz  Hüseyin Özün Yamaç

WEB: http://staff.neu.edu.tr/veclal.gunduz WEB: http://staff.neu.edu.tr/huseyin.yamac
Email: veclal.gunduz@neu.edu.tr Email: huseyin.yamac@neu.edu.tr

 Asst. Prof. Dr. Erol Tarhan  Tuğberk Kaya

WEB: http://staff.neu.edu.tr/erol.tarhan WEB: http://staff.neu.edu.tr/tuğberk.kaya
Email: erol.tarhan@neu.edu.tr Email: tuğberk.kaya@neu.edu.tr

 Faisal Sher
WEB: http://staff.neu.edu.tr/faisal.sher
Email: faisal.sher@neu.edu.tr

 Berk Tuncalı
WEB: http://staff.neu.edu.tr/berk.tuncali
Email: berk.tuncali@neu.edu.tr

2.6 REGISTRAR’S OFFICE

2.6.1 OPENNING HOUR AND CONTACT DETAILS

The Registrar’s Office is open from 8:30 – 16:30 every day. The telephone number for the
administrative support personnel o f the Banking and Finance Department is 0 392 680
2000 and the extension number is 225. Students can find additional information about the
Registrar’s Office from info@neu.edu.tr

2.6.2 SERVICES

The Registrar’s Office is the place where the students can register to the university and get
information about every faculty in the university. Payments for registration and applications
for ID cards are made at the Registrar’s Office. Every student is required to have a
university ID card as ID cards will be used when entering examinat ions for the duration of
16
their education. Students can also receive transcripts from the Registrar’s Office at any
point in their study period. Processing of transcripts may take a couple of days and students
are expected to pick up their transcripts from the Registrar’s Office. The price for one transcript
is 21 Euros.

2.6.3 TUITION FEES

Tuition fees vary for l o c a l s t u d e nt s , Turkish students, and international students. In
addition to annual tuition fee, students are required to pay 5% VAT and a social activities fee
at the beginning of each semester.

The university offers two options for payments. Students may pay the tuition fee in two
installments. The first installment (half of the fee) must be paid by the end of the 20th of
September. The second installment should be made before the 20th of February. In case of a
delay, the students are required to pay 10% interest in addition to the required payment.

The second payment option is to pay in eight installments; four installments each semester.
The last day for the payment of installments is the 20th of every month during each semester.
In the case of a delay, the interest to be paid is 3% of that monthly payment only.

2.7 COURSE REGISTRATION

2.7.1 ON-LINE COURSE REGISTRATION
After the required payments have been made at the Registrar’s Office, students should select
their course via the on-line registration option of the student information system (Einstein).
Students will need their student numbers and passwords in order to register online. Student
numbers are provided to students once they register at the Registrar’s Office after they make
their initial payments. Student passwords in order to access the student information system
(Einstein) is provided by the department secretary’s office.

After registering for their courses online, the students’ course advisors will approve their
courses. Once courses have been approved students can start entering their lectures. Students
facing problems with their on line registration are required to see their advisors as soon as
possible and should not enter courses without the approval of their advisor. Information
regarding the process of online registration can be found on the university’s web page.
Following registration, students are expected to resolve all academic, social, and other issues
within the department (with their advisors) and refrain from contacting the Registrar’s Office.

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2.7.2 TRANSFER STUDENTS
2.7.3
Transfers to programmes at NEU are possible from educational institutions offering similar
programmes. Transfers based on term-based programmes can be done at the beginning of each
term. The acceptance of transfers is subject to the decision and approval of the faculty board.
Transfer quotas for each department are determined by the NEU Senate. Students aiming to
transfer of NEU must submit their applications at least days prior to the commencement of the
academic year or academic term. Local and Turkish students should apply with their transcripts
to the Registrar’s Office and International students should apply with their transcripts to the
International Student Office. Suitable applications are then sent to the department chair so that
the student’s transcript can be evaluated.

Transfers from open universities or open higher education programmes to the NEU are not
possible. Transfers between faculties and departments within the university are carried out
according to the above mentioned regulations and can take place up until the last day for late
registration indicated on the academic calendar.

2.7.3 GRADING SCHEME AND GRADES

Each course taken by the student will be assigned a letter grade by the instructor.
The letter grades, coefficients and percentage equivalents are given below:

PERCENTAGE COURSE GRADE GRADE POINTS

90-100 AA 4.00 (Excellent)

85-89 BA 3,30-3,95 (Excellent)

80-84 BB 3,00-3,45 (Very Good)

75-79 CB 2,50-2,95 (Very Good)

70-74 CC 2,00-2,45 (Good)

65-69 DC 1,50-1,90 (Good)

60-64 DD 1,00-1,40 (Good)

50-59 FD 0,50-0,90 (Failed)

0-49 FF 0,00 (Failed)

I-Incomplete S-Satisfactory P-In Progress EX-Exempt W-withdrawn

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3 ADMISSION
3.1 ADMISSION REQUIREMENT

The Near East University’s Registration Office (for local students and students from Turkey)
and International Student Office (for international students other than Turkey) is in charge of the
undergraduate admissions. Near East University specifies the minimum requirements for
students to study at the University. The admissions and entry requirements ensure that the
students who are admitted to the degree programme possess the required competences and
formal training required to be able to follow the degree programme successfully. These
requirements ensure that all admitted students are treated equally. All students are admitted to
the university upon successful completion of their high school studies and having obtained their
high school graduation diploma.
Students admitted to the department come from three sources:
1- Local students (Students from Turkish Republic of Northern Cyprus (TRNC))
2- Students from Turkey (Students from Turkish Republic)
3- International students (other than Turkish / TRNC)

Rules and regulations regarding the students admissions for different nationalities are as follows:
 Admission requirements for Local Students
Local students holding a secondary school diploma or equivalent are required to sit the Near
East Universit entrance examination and obtain a passing mark. This exam is held once a year
in the month of June. Successful students are then admitted to the university and placed in the
programmes of their choice.

 Admission requirements for Turkish Citizen Students

Students from Turkey are admitted to NEU through a central Turkish University
Entrance Examination administered by the Office of Student Selection and Placement
(OSYM) which is organised by Turkish Authorities which is tied to YÖK (The Higher
Education Committee). Before the exam students prepare a list of preference for
Universities and departments. From the University lists students choose from Turkish
Universities and from the Turkish Cypriot Universties in TRNC. According to the score
of the students and the list of preferences, successful students who pass the exam can
placed to the programme. The mimimum score required to be placed into a 4-year
undergraduate programme is determined by YÖK. The quota and number of students
from Turkey to be placed in the programme is also determimed by YÖK.

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  Admission requirements for International Students
Any of the following certificates or diplomas are accepted;
 General Certificate of Secondary Education (GCSE) Exam results
 International General Certificate of Secondary Education (IGCSE) Exam
results
 International Baccalaureate Exam results
 American College Testing (ACT) Exam results
 Scholastic Aptitude Test (SAT) Exam results
 Tawjihi Exam results ( for Jordanian and Palestinian students)
 Baccalaureate Exam results (for Lebanese, Iraqi and Syrian students)
 Diploma Debirestan” Exam results (for Iranian students)
 Higher Secondary Certificate Exam results (for Pakistani, Indian and
Bangladesh students)
 WAEC/NECO Exam results (for Nigerian students)
 GAOKAO Exam results (for Chinese students)
 High School Diploma (for all other Overseas students)
(Please seehttp://aday.neu.edu.tr/?page_id=1759&lang=en)
Admission Profile

Also please see the following link:

http://aday.neu.edu.tr/wp-content/uploads/sites/5/2015/06/NEU-Application-Form-20152.pdf).
International students’ applications are reviewed by the International Student Office where the
admission officers review all applications on the basis of the admission requirements. Eligible

20
students receive a Conditional Acceptance Letter and are required to pay their first semester
tuition fees. Upon payment applicants receive an Official Acceptance Letter.
For transfer students admission can be made with credit level for Universities that have
equivalent status to the University courses and programme.

Transfer regulations for bachelor and asssociate degree programs at Near East University
 Transfers to programmes at NEU are possible from educational institutions offering
similar programmes. The transfers from appropriate institutions which conduct year-
based programmes must be done at the beginning of the academic year, and transfers
based from term-based programmes can be done at the beginning of each term. The
acceptance of transfers is subject to the decision and approval of the faculty board.
 Transfer quotas for each department are determined by the NEU Senate.
 Students aiming to transfer of NEU must submit their applications at least days prior to
the commencement of the academic year or academic term.
 Transfers from open universities or open higher education programmes to the NEU are
not possible.
 Transfers between faculties and departments within the university are carried out
according to the above mentioned regulations.
Please see: http://aday.neu.edu.tr/transfer-regulations/?lang=en

3.2 ENSURING FOREIGN LANGUAGE PROFICIENCY

The medium of instruction is English. The level of English of the students is assessed by the
Near East University, English Preparatory School. Those students who have certificates (such
as IELTS or TOEFL) or who have already passed English language proficiency examinations
are exempt from the English preparatory school and are admitted directly to the programme
where they are enrolled for the freshman year of their studies. Those students whose level of
written English and communication skills is below the required standards are admitted to the
English preparatory school of the university. The English preparatory school offers
concentrated teaching of English reading, writing, and communication skills. The duration of
the preparatory school is one academic year. Successful students are admitted to the programme
at the end of their studies at the English preparatory school.
Students who are not graduated from a high school that medium of instruction is English, and
have no qualifications on TOEFL (Minimum TOEFL Mark: 80) and IELTS (Minimum IELTS
Mark: 5.5) have to enter the English Examination prepared by the University. Successfull

21
students can continue from Semester 1 and non successfull students have to go to the
Foundation School.

Successful applicants placed through the OSYM examination, Near East University enterance
examination or international students that are attended with any of the certificates or diplomas
are also required to take the NEU English Proficiecy Exam for direct enrollment into the
programme. If students can prove their English proficiency through IELTS or TOEFL they are
not required to enter the NEU English Proficiency Exam. Those students whose level of written
English and communication skills is below the required standards are admitted to the English
preparatory school of the university. The English preparatory school offers concentrated
teaching of English reading, writing, and communication skills. The duration of the preparatory
school is one academic year. Successful students are admitted to the programme at the end of
their studies at the English preparatory school. See the admission profile below.
Please see: (http://aday.neu.edu.tr/?page_id=1759&lang=en).

3. DIPLOMA SUPPLEMENT

NEAR EAST UNIVERSITY Diploma No:

Diploma Supplement
Diploma Date:
Near East Boulevard, Near East University
PK:3310 Lefkoşa / KKTC Mersin 10-Turkey
Tel:+90 (392) 675 10 00 (3102) Faks:+90 (392) 675 10 51
info@neu.edu.tr www.neu.edu.tr

This Diploma Supplement model was developed by the European Commission, Council of Europe and
UNESCO/CEPES. The purpose of the supplement is to provide sufficient independent data to improve the
international ‘transparency’ and fair academic and professional recognition of qualifications (diplomas,
degrees, certificates etc.). It is designed to provide a description of the nature, level, context, content and
status of the studies that were pursued and successfully completed by the individual named on the original
qualification to which this supplement is appended. It should be free from any value judgements,
equivalence statements or suggestions about recognition. Information in all eight sections should be
provided. Where information is not provided, an explanation should give the reason why.

1 INFORMATION IDENTIFYING THE HOLDER OF THE QUALIFICATION

1.1 Family name(s) :
1.2 Given name(s) :
1.3 Date and place of birth :
1.4 Student identification number or code :

2 INFORMATION IDENTIFYING THE QUALIFICATION

2.1. Name of the qualification : Bachelor of Banking and Finance

Title conferred : B.A.
22
2.2. Main field(s) of study for qualification : Banking and Finance
2.3. Name and status of awarding institution : Near East University, Private University
2.4. Name and type of institution administering studies : Same as 2.3
2.5. Language(s) of instruction/examinations : English

3 INFORMATION ON THE LEVEL OF THE QUALIFICATION

3.1 Level of qualification : First Cycle (Bachelor’s Degree).

3.2 Official length of programme : 4 years (excluding one year English Preparatory School), 2 semesters per year,
16 weeks per semester, 120 credits (240 ECTS) in total.
3.3 Access requirements(s) :Admission of Turkish nationalities to higher education is based on a nation-wide
Student Selection Examination (ÖSS) administered by the Higher Education Council of Turkey (YÖK.) Admission of
Turkish Cypriots is based on the Near East University Entrance and Placement Exam for Turkish Cypriots.
Admission of Foreign students is based on their high school credentials. Certificate of English Proficiency is also
required.

4 INFORMATION ON THE CONTENTS AND RESULTS GAINED

4.1 Mode of study :Full-time

4.2 Programme requirements : A student is required to have a minimum CGPA of 2.OO/4.00 and no failing
grades.
Objectives: Educate and train students to demonstrate ability to research, analyze and present
scientific and technological concepts and data in a precise and logical manner; knowledge and
understanding the functions and operations of the banking and finance sector; and ability to
adapt professionally in a rapidly changing society; their perspectives with respect to social
issues, responsibilities and ethics.
4.3 Programme details and the individual grades/marks/credits obtained:

Course Code Course Title Course Category ECTS Credits Grade

I. Semester
ENG 101 English I Required 4 3 XX
MAT 171 Maths. for Buiness & Economics I Required 6 3 XX
CIS 151 Introduction to Computers Required 6 3 XX
MAN 101 Introduction to Business Required 6 3 XX
ECON 101 Principles of Economics I Required 6 3 XX
ATA 101 Principles of Ataturk’s I Required 2 0 X

II. Semester
ENG 102 English II Required 4 3 XX
MAT 172 Maths. for Business & Economics II Required 6 3 XX
CIS 152 Computer Applications Required 6 3 XX
MAN 102 Principles of Management Required 6 3 XX
ECON 102 Principles of Economics II Required 6 3 XX
ATA 102 Principles of Ataturk’s II Required 2 0 X

III. Semester
ENG201 Business Communication Required 6 3 XX
MAT 281 Statistics I Required 6 3 XX
ACC202 Financial Accounting I Required 6 3 XX
MAN 206 Introduction to Law Required 6 3 XX
ECON 201 Microeconomics Required 6 3 XX

IV. Semester
ENG 202 Oral Communication Required 6 3 XX
MAT 282 Statistics II Required 6 3 XX
ACC203 Financial Accounting II Required 6 3 XX
MAN 207 Business Law Required 6 3 XX
ECON 202 Macroeconomics Required 6 3 XX
V. Semester
BANK 303 Principle of Banking I Required 6 3 XX
FIN 304 Investment Fundamentals Required 6 3 XX
SOC 100 Sociology Required 6 3 XX
FIN 301 Financial Management I Required 6 3 XX

23
ELECTIVE Elective 6 3 XX
VI. Semester
BANK 304 Principles of Banking II Required 6 3 XX
FIN 302 Financial Management Required 6 3 XX
FIN 403 Portfolio Management Required 6 3 XX
ECON 306 Money & Banking Required 6 3 XX
ELECTIVE Elective 6 3 XX
BANK 310 Bank Training Program Required 0 0 X
VII Semester
BANK 405 Risk Management Required 6 3 XX
FIN 404 International Finance Required 6 3 XX
ELECTIVE Elective 6 3 XX
ELECTIVE Elective 6 3 XX
ELECTIVE Elective 6 3 XX
VIII. Semester
BANK 408 International Banking Required 6 3 XX
ELECTIVE Elective 6 3 XX
ELECTIVE Elective 6 3 XX
ELECTIVE Elective 6 3 XX
ELECTIVE Elective 6 3 XX

Total Credits:120 Total ECTS Credits: 240

4.4 Grading scheme and, if available, grade distribution guidance:

A student is granted one of the letter grades below for each course he/she has attended, according the relative
success degree of students taking the course by using the distribution of the final raw success grades. Passing
grades range from AA to DD; FD and FF are failing grades.

Percentage Course Grade Coefficient

90-100 AA 4.00
85-89 BA 3.50
80-84 BB 3.00
75-79 CB 2.50
70-74 CC 2.00
65-69 DC 1.50
60-64 DD 1.00
50-59 FD 0.50
49 and below FF 0.00

I-Incomplete S-Satisfactory U-Unstatisfactory P-In Progress EX-Exempt W-Withdrawn

4.5 Overall classification of the qualification : CGPA: x.xx /4.00

CGPA between 2.00-2.99 Satisfactory; CGPA between 3.00-3.49 Honour; CGPA between 3.50-4.00 High Honour

5 INFORMATION ON THE FUNCTION OF THE QUALIFICATION

5.1 Access to further study : May apply to second cycle programmes.

5.2 Professional status (if applicable) : The degree enables the holder to exercise the profession.

6 ADDITIONAL INFORMATION

6.1 Additional information:

Faculty of Economics and Administrative Sciences web page: www.neu.edu.tr/tr/node/6201
Banking and Finance Department web page: www.neu.edu.tr/tr/node/332
6.2 Further information sources:
University web site: www.neu.edu.tr
The Council of Higher Education of Turkey web site: www.yok.gov.tr
Higher Education Planning Evaluation, Accrediation and Coordination Council (YÖDAK)
www.ncyodak.eu/index.html

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7 CERTIFICATION OF THE SUPPLEMENT

7.1 Date :
7.2 Name and Signature : Ümit Serdaroğlu
7.3 Capacity : General Director of Student Affairs
7.4 Official stamp or seal :

8. INFORMATION ON THE NATIONAL HIGHER EDUCATION SYSTEM

The basic structure of the North Cyprus Education System consists of four main stages as pre-school education,
primary education, secondary education and higher education.
Pre-school education consists of non-compulsory programs whereas primary education is a compulsory 8 year
program for all children beginning from the age of 6. The secondary education system includes “General High
Schools” and “Vocational and Technical High Schools”.
The Higher Education System in North Cyprus is regulated by the Higher Education Planning, Evaluation,
Accreditation and Coordination Council (Yüksek Öğretim Planlama, Denetleme, Akreditasyon ve Koordinasyon
Kurulu- YÖDAK). Established in 1988, the Council regulates the activities of higher education institutions with
respect to research, governing, planning and organization. The higher education institutions are established within
the framework of the Higher Education Law. All programs of higher education should be accredited by YÖDAK.
Higher education in North Cyprus comprises all post secondary higher education programmes, consisting of short,
first, second, and third cycle degrees in terms of terminology of the Bologna Process. The structure of North Cyprus
higher education degrees is based on a two-tier system, except for dentistry, pharmacy, medicine and veterinary
medicine programmes which have a one-tier system. The duration of these one-tier programmes is five years
except for medicine which lasts six years. The qualifications in these one-tier programmes are equivalent to the first
cycle (bachelor degree) plus secondary cycle (master degree) degree. Undergraduate level of study consists of short
cycle (associate degree) - (önlisansderecesi) and first cycle (bachelor degree) - (lisansderecesi) degrees which are
awarded after the successful completion of full-time two-year and four-year study programmes, respectively.
Graduate level of study consists of second cycle (master degree) – (yükseklisansderecesi) and third cycle
(doctorate) (doktoraderecesi) degree programmes. Second cycle is divided into two sub-types named as master
without thesis and master with thesis. Master programmes without thesis consists of courses and semester project.
The master programmes with a thesis consist of courses, a seminar, and a thesis. Third cycle (doctorate) degree
programmes consist of completion of courses, passing a qualifying examination and a doctoral thesis.
Specializations in dentistry, accepted as equivalent to third cycle programmes are carried out within the faculties of
dentistry. Specialization in medicine, accepted as equivalent to third cycle programmes are carried out within the
faculties of medicine, and university hospitals and training hospitals operated by the Ministry of Health.
Universities consist of graduate schools (institutes) offering second cycle (master degree) and third cycle
(doctorate) degree programmes, faculties offering first cycle (bachelor degree) programmes, four-year higher
schools offering first cycle (bachelor degree) degree programmes with a vocational emphasis and two-year
vocational schools offering short cycle (associate degree) degree programmes of strictly vocational nature.
Second cycle degree holders may apply to third cycle programmes if their performance at the first cycle degree
level is exceptionally high and their national central Graduate Education Entrance Examination (ALES) score is
also high and their application is approved. The doctoral degree is conferred subject to at least one publication in a
cited and refereed journal.

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