AIFS Abroad

AIFS Study Abroad in Budapest, Hungary
Spring 2018
Course Descriptions


All students are required to take a 3-credit Hungarian language class. Courses taught in English can be selected in accounting, art and art history, business, communications, economics, film, history, international relations, law, politics, psychology and sociology.

Hungarian Language
Course Code and Credits: LNG 105 (3)
Course Title: Hungarian for Beginners
Course Description:
This course is offered for students who want to acquire a basic command of the Hungarian language which would help them to obtain simple information and to express their requests and/or messages in a simple form. The course is also recommended for students who need only so-called “survival Hungarian”.

Course Code and Credits: ART 300 (3)
Course Title: Contemporary Literature, Film, Visual Arts in Hungary
Course Description:
The aim of the course is to present how recent history of Hungary is reflected in literature, film and visual arts. The course offers an overview of the 20th century history of Hungary, as well as looking for traces of history in the urban spaces of Budapest by visiting important locations and intriguing institutions and discussing contemporary issues and critical societal visions.
Course Code and Credits: HIS 352 (3) (Spring only)
Course Title: Film and History
Course Description:
This course is designed as a general survey of the history of Central Europe in the 20th century to enable as well as trends and events in Hungary. Special attention will be paid to visual representation and to understanding historical events, trends and personalities through film analysis.
Course Code and Credits: HIS 445 (3)
Course Title: History of Modern Europe
Course Description:
This course aims to provide an overview of the history of twentieth century Europe. A focus will be on Central Europe, in particular Hungary, and on the way how major West European states and the superpowers influenced and shaped political and economic developments in Central and East Central Europe, transition from communism and integration with Europe.

Business, Marketing and Management
Course Code and Credits: BUS 435 (3)
Course Title: Business Enterprise - Start-up to SME
Course Description:
This course covers the characteristics students would need to develop to be successful in business and how new or existing businesses generate their product or service ideas and test them through market research.
Course Code and Credits: BUS 436 (3)
Course Title: SME Marketing
Course Description:
Students in this course will study and understand marketing theory and practice, and learn how to apply their marketing knowledge and skills to real life problem solving situations by creating marketing action plans for SME organizations.
Course Code and Credits: BUS 439 (3) (Spring only)
Course Title: Business Policy and Strategy
Course Description:
The course will teach strategic management process as an objective, logical, systematic approach for making major decisions in an organization. The students will be exposed to subjects such as choosing intuitive and analytic approaches to decision-making and managers’ strategic-management analyses at all levels of an institution.
Course Code and Credits: BUS 498 (3)
Course Title: Business Ethics
Course Description:
The course will familiarize students with basic philosophical concepts and principles of ethics; understand and analyze the ethical dimensions of everyday business practices and help students become more aware of their own moral beliefs as well as the beliefs of others.
Course Code and Credits: BUS 499 (3)
Course Title: Corporate Social Responsibility and Social Entrepreneurship
Course Description:
The aim of this course is to provide a creative environment for teasing ideas on the controversies and complexity of Corporate Social Responsibility (CSR) and Social Entrepreneurship. Students learn about the diverse background of CSR (corporate philanthropy, business ethics, strategic management, etc.), the various existing – and often competing – approaches to this management concept by looking at best and worst business examples.
Course Code and Credits: IEC 483 (3) (Spring only)
Course Title: Tourism Management and Marketing
Course Description:
There will be an analysis of the policy and stakeholder frameworks for tourism that governs its management on an international, regional and local scale, as well as the business and industry decisions that affect its development. The course will include an overview of the tools and techniques that are used to manage and market tourism, the relationship between tourists and local residents, and the role of tourist behavior and education.
Course Code and Credits: MAN 300 (3)
Course Title: Management
Course Description:
The purpose of the course is to provide students with knowledge of the fundamentals of management, including basic concepts and terminology. Business firms around the world are experimenting with new organizational designs, changing their routines and processes as they seek to improve their current performance and their growth prospects. In the process they change the scope of their business operations, redraw their organization charts, redefine the allocation of decision-making authority and responsibility, and reconsider which activities to conduct in-house and which to outsource. The course introduces students with powerful conceptual frameworks for analysing the interrelations between organizational design features, competitive strategy and the business environment. Students will spend a significant portion of their time diagnosing the fit and misfits between various elements on the basis of open system theory. Specifically, it is the intent of this course to blend theory with practice, requiring students to observe the business environment, and actively applying concepts to the “real world”.
Course Code and Credits: MAN 421 (3)
Course Title: New Product Management
Course Description:
The world is overloaded with new products and services and making a new offering stand out is a difficult task. Along with the management approach, the perspective of marketing is presented throughout enabling the student to have a balanced view of presenting new products in a competitively global market place.
Course Code and Credits: MAN 479 (3)
Course Title: Environmental Management
Course Description:
The course is planned for students who, while not specialists in environmental issues, would like to receive insight into causes of environmental problems and the possible corrective actions that can be taken at company level.
Course Code and Credits: MAN 481 (3) (Spring only)
Course Title: Organizational Behavior
Course Description:
This purpose of this course is to provide the student with theories and concepts to enable understanding of the behavior of individuals, groups and organizations in today’s global business environment. The interactions between elements of the organization as well as personality, leadership, motivation, job satisfaction, individual performance to achieve organizational effectiveness will be explored.
Course Code and Credits: MAN 485 (3)
Course Title: Human Resource Management
Course Description:
In this course, students will be provided with the technical background needed to be a knowledgeable consumer of human resource products and services, to manage HR effectively, or to be a successful HR professional. Above all, the course will emphasize how managers can more effectively acquire, develop, compensate, and manage the internal and external environment that relates to the management of human resources.
Course Code and Credits: MAR 370 (3)
Course Title: Marketing
Course Description:
This course is designed to provide students with an understanding of the main principals of marketing in the 21st century. The focus will be on analyzing and integrating elements of the marketing program and developing marketing decisions, the main objective being the development of profitable long-term customer relationships.
Course Code and Credits: MAR 432
Course Title: International Marketing
Course Description:
This course addresses global issues and describes concepts relevant to all international marketers with an environmental/cultural approach and is designed to provide students with an understanding of different cultures and the role of cultural differences in international marketing practices. Throughout the course, a variety of country markets in various regions of the world will be discussed and a variety of different types of products and services will be addressed.
Course Code and Credits: OPR 212 (3) (Spring only)
Course Title: Decision Techniques
Course Description:
This course provides a multidisciplinary approach to the various organizational contexts where managers work. Problem structuring, modeling, decision-making and its techniques will be considered, with specific emphasis on their practical aspects. This course is intended for students in the various management disciplines.
Course Code and Credits: OPR 313 (3) (Spring only)
Course Title: Operations Management
Course Description:
The focus of the course is on recognizing the tools that are appropriate for each situation and on mastering the use of the tools for analytical purposes. On completion of the course, the student should be able to identify, isolate, and critically analyze the individual and holistic systems within a business system or entity.

Course Code and Credits: MAR 485 (3) (Spring only)
Course Title: Cross Cultural Communication and Marketing
Course Description:
This course is designed to deepen knowledge and skills in cross-cultural and intercultural management and communication. The focus of the course is on the relationship between cultural context and interpersonal behavior and actions. Topics include: views of culture; traditional and alternative approaches to research on culture; coping with challenges in a multi-cultural environment; working internationally.

Economics and Finance
Course Code and Credits: ECO 136 (3) (Spring only)
Course Title: Macroeconomics
Course Description:
This course will provide an overview of basic models of macroeconomics and central issues; the determination of output, unemployment, inflation and growth. Monetary and fiscal policies are also discussed by illustrating principles using real-life examples.
Course Code and Credits: ECO 395 (3)
Course Title: Economics and the European Union
Course Description:
The aim of this course to enable students in understanding the developments in the European Union by exploring the origins and structure of the EU, the key areas of its economy and the main aspects of EU economic policy.
Course Code and Credits: ECO 415 (3)
Course Title: Transition and Post Transition Challenges in Hungary
Course Description:
The course aims at analyzing the particular Hungarian regime change events and the transition process, as a leading reformer in the early 1990s, and as a candidate to join the European integration and struggles with economic slowdown, persistent inflation, problems in public finance, and "`"adjustment fatigue."
Course Code and Credits: FIN 156 (3) (Spring only)
Course Title: Basic Finance
Course Description:
The course will introduce students to basic financial mathematics through an in-depth discussion on the time value of money and calculations on annuities, perpetuities and uneven cash-flows. The course will extend this newly acquired knowledge of financial mathematics to the valuation of stocks and bonds, including the variants of these instruments and markets, as well as the determinants of their values. It will also explore the relationship between risk and return and portfolio diversification.
Course Code and Credits: FIN 351 (3)
Course Title: Corporate Finance
Course Description:
The aim of the course is to provide students with a comprehensive understanding of the principles and techniques of corporate finance and applying them to the main decisions faced by the financial manager. The course will begin with the concept of valuation and continue to discuss share and bond valuations and in-depth discussion and critical analysis of the various techniques used in investment appraisal decisions Prerequisite: FIN 156 (Basic Finance)
Course Code and Credits: FIN 451 (3) (Spring only)
Course Title: Corporate Finance (II)
Course Description:
The course will introduce students to Capital Structure and the proportions of debt and equity financing which companies should adopt. The aim will be to teach students how to plan and manage working capital and short term financing and the basis of share repurchase and dividend policies.

Course Code and Credits: LAW 462 (3) (Spring only)
Course Title: Introduction to Legal Studies
Course Description:
This course deals with the legal system as the set of principles and standards of conduct, as well as the law as a ruling system governing the society and having general application for it. Main topics of the course are the basic problems of legal reasoning, process of law making, legal sources and systems and different types of law such as Contract Law and Labor Law.

Politics and International Relations
Course Code and Credits: POL 301 (3)
Course Title: International Debate (Model UN)
Course Description:
The class will act as committees of the United Nations, with the main aim of discussing, researching, and voting upon strict matters of UN policy and activities. Students will represent various countries during debates, and will be tasked with upholding “their” nation’s interest during meetings.
Course Code and Credits: POL 377 (3)
Course Title: International Relations from 1945 to Present
Course Description:
This course gives a broad overview of international relations since 1945. It traces the major political, economic, and ideological patterns that evolved in the global arena from the end of World War II to the present day. The course will consist of five parts: the West and the Cold War; the Soviet orbit; the end of colonialism and Third World nationalisms; global power: from a bipolar to a multipolar order; and the global South and emerging powers.
Course Code and Credits: POL 386 (3)
Course Title: European Union Politics
Course Description:
This course will provide an overview of the European integration process since 1945. The focus will be on West European integration in the form of the European Communities (1945-90) and the inclusion of Central and Eastern Europe in an "ever-closer Union."

Course Code and Credits: PSY 311 (3) (Spring only)
Course Title: Personality Types and Team Dynamics
Course Description:
The course will cover personality and human assessment systems in the world such as Myers Briggs Type Indicator (MBTI) based on Jung’s theory of human typology, while it seeks to answer the questions about individual differences, team dynamics as well as potential sources of misunderstanding and methods of facilitating human cooperation.

Course Code and Credits: SOC 467 (3) (Spring only)
Course Title: Comparative Urban Sociology
Course Description:
This course is designed to deal with the main characteristics of East and West-European and American urban development. It discusses the spatial structure of cities and the regularities of the spatial arrangement of social groups. Hungarian and East-European patterns of residential segregation will be compared with the most characteristic segregational patterns of West European and North American cities. During the course, the students will be able to participate in “ecological tours” in Hungarian “historic”, “industrial” and “socialist” cities. *The ecological tours are mandatory, and will be subject to an additional cost.