AIFS Abroad

AIFS Study Abroad in Budapest, Hungary
Fall 2019 & Spring 2020
Course Descriptions


Courses taught in English can be selected in art, art history, business, communications, economics, finance, international relations, law, politics, psychology and sociology. Hungarian for Beginners is taught in Hungarian.


Course Code and Credits: ART 300 (3) spring only
Course Title: Budapest in the Twentieth Century: Historical Layers and Cultural Practie
Course Description:
The aim of the course is to present how the recent history of Hungary is reflected in literature, film and visual arts. The course if offering an overview of the twentieth century history of Hungary, as well as an outline of how art is reflecting on key historical events. During the course we are going to look for traces of history in the urban spaces of Budapest, we will visit important locations and intriguing institutions. We will also discuss issues contemporary works of art raise, and their critical societal visions. The course aims to achieve its goals through the implementation of an intermedial and interdisciplinary view.
Course Code and Credits: ART 302 (3)
Course Title: Fields and Scenes: Arts, Culture and Design
Course Description:
Provides an overview of how cultural fields are shaped and constructed from the perspective of the classics of scholarship on cultural production and art, taking stock of the current trends and interpretations of how cultural organizations, the art markets, and culture beyond markets work.
Course Code and Credits: ART 305 (3)
Course Title: Budapest Explorations of the Urban Space
Course Description:
The goal of our course is to find out about these layers and aspects, and to gain first hand experience through organized city walks. By going on tours and strolls in Budapest students will learn about the history, culture, music, architectural heritage, the multi-ethnic and ideological complexity of this city, as they are articulated, shaped and preserved in the contemporary urban space.
Course Code and Credits: HIS 293 (3) fall only
Course Title: Communism in East-Central Europe
Course Description:
This course is designed to examine the rise and fall of Soviet domination in the countries of East-Central Europe after 1945. The primary focus will be on Hungary and we will investigate the Sovietization of the country, the Stalinist political and social system, the phase of state socialism, everyday life during communism and the period of the transition to democracy.
Course Code and Credits: HIS 352 (3)
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 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.
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”.

Business, Marketing and Management

Course Code and Credits: ACC 191 (3) fall only
Course Title: Elements of Accounting
Course Description:
The course will include foundations, techniques and basic items of the financial statements such as: inventories, property, plant and equipment, receivables – payables, corrections, revenue recognition, etc. Although the course is not designed to explain a specific set of accounting regulation, the specific Hungarian rules will be discussed in brief.
Course Code and Credits: ACC 314 (3)
Course Title: Managerial Accounting
Course Description:
This course is designed to develop knowledge and understanding of principles and concepts relating to managerial accounting and explain how to use the available techniques such as costing methods, preparing of reports for managers.
Course Code and Credits: BUS 276 (3) fall only
Course Title: Business Economics
Course Description:
In this course, students will receive an introduction into marketing in the areas of marketing research, product development and pricing, distribution, and promotion, and learn the fundamentals of management including leadership styles and skills, planning, organizing, controlling, directing, evaluating, and motivating. Human resources management and the effect of current technology on management will also be presented.
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) spring only
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 decisionmaking and managers’ strategic-management analyses at all levels of an institution.
Course Code and Credits: BUS 453 (3)
Course Title: International Business Case Studies
Course Description:
Increasingly, enterprises of all types are required to compete in multiple foreign markets. Understanding the challenges associated with global business activity, and developing skills in these areas, have become essential requirements for success. The International Business course is designed to provide students with the skills, knowledge, and sensitivity required to work within a global environment.
Course Code and Credits: BUS 489 (3) fall only
Course Title: Business Communication
Course Description:
In this course, students will be given the tools necessary to communicate in a variety of business situations. Emphasis is placed on the student’s ability to understand a situation, argue logically in favor of their position or goals, and then apply a correct communications strategy to the situation and the person they are communicating with.
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
Course Description:
Via dozens of corporate examples, by applying a great variety of exercises, through the diverse lenses of numerous stakeholders let’s discuss how socially and ecologically responsible businesses do/could work. The aim of this course is to provide a meaty and creative environment for teasing ideas on the controversies and complexity of Corporate Social Responsibility (CSR), Social Entrepreneurship plus other trendy and sensible buzzwords of this field.
Course Code and Credits: BUS 500 (3)
Course Title: Global Anti-Corruption Business and Governance Strategies
Course Description:
The course will commence with an overview of corruption, its various forms and types as it applies to the business world globally and regionally, moving on to define the problems associated with tackling these types and the continuing need for governmental participation and development on a global scale in order to address and empower against corruption and corrupt practices. The course will consider what corrupt practices are common globally, as well as distinct problems and issues associated with particular regions or economies, such as developing economies. There will also be an examination of the EU’s strategy and contribution, as well as the roles of the international community in terms of organizations such as multilateral agencies and donors. Political efforts by way of improving public administration transparency and accountability will be considered and the course will conclude with consideration of the obstacles to reform and the anticipated future strategies to maximize potential impact in governance and business practices.
Course Code and Credits: IEC 483 (3)
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 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)
Course Title: Organizational Behavior
Course Description:
The 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: MAN 488 (3)
Course Title: Introduction to International Business
Course Description:
This course presents an introduction into the international world of business, and the impact and consequences of globalisation and competition on the firm. The student will study how firms adapt to their environment, and simultaneously deal with increased competition, new markets and opportunities, technology and the growth and influx of specialised services, and changing customer tastes. Prerequisite: Microeconomics and Macroeconomics.
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 (3)
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: MAR 475 (3)
Course Title: Cross-Cultural Communication and Marketing
Course Description:
The focus of the course will be on discussing cultures, different theories of culture, country images, stereotypes and on analyzing specific countries from different points of view. In the second part of the course, the students will practice how to use this knowledge in evaluating companies’ international marketing activities and formulating intercultural marketing strategies.
Course Code and Credits: MAR 523 (3)
Course Title: Services Marketing
Course Description:
The service sector of the world economy is huge and still growing, the complexity and diversity of services have been increasing over the past 50 2 years. All of the developed economies now have large service sectors and many service firms operate internationally. The course will highlight the fundamental differences between goods and services focusing on the managerial implications. An overview will be provided on service operations including service-related issues on innovation, communication, pricing, managing demand and managing people. Prerequisite: Marketing (MAR 370).
Course Code and Credits: MAR 525 (3)
Course Title: Consumer Behavior: Millennials and Generation Z
Course Description:
This course will provide a deep dive into the consumer behavior of both millennials and Gen Z and explore how effectively brands utilize messaging and emerging technologies to grab the attention of those who have short attention spans.
Course Code and Credits: MAR 577 (3)
Course Title: Brand Management
Course Description:
The purpose of this course is to provide an in-depth understanding of the subjects of brands, brand equity and brand management. We highlight the specific characteristics of diverse brands such as retailer brands, country brands, luxury brands. The central theoretical model of the course is the customer-based brand equity model, both its sources and outcomes will be covered. We also focus on brand growth options and d iscuss the opportunities of brand architecture, brand extensions, brand revitalization and global branding. The course is designed for business students and requires basic marketing knowledge. Prerequisite: Marketing (MAR 370).
Course Code and Credits: OPR 212 (3)
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: OPR 518 (3)
Course Title: Project Management
Course Description:
The course is based on the paradigm of strategy-oriented project management. Students gain knowledge and skill regarding such project management tools that are in use in the course of implementing single (both internal and external) projects. Students who complete the course successfully are able to work as project team member and to provide assistance (as a junior project manager) to project managers in an efficient manner.
Course Code and Credits: NK4 NBK (3)
Course Title: Security Studies
Course Description:
This course is a basic introduction to the field of security studies. It will examine contemporary issues in conflict and security studies and current major issues within the European and the Transatlantic security architecture (NATO, the Common Foreign and Security Policy of the EU), and global security issues (role of the UN Security Council, the emerging Responsibility to Protect doctrine in human security, the emergence of the so-called “new” security agenda) and surveys national security policies in Europe since the end of the Cold War. The course will also examine the proliferation of weapons of mass destruction (nuclear weapons, chemical and biological weapons) and international non-proliferation and arms control regimes. The course covers a wide variety of topics to facilitate understanding of the global and regional security issues like current energy security developments and vulnerabilities related to EU, terrorism and counter-terrorism.


Course Code and Credits: COM 453 (3) fall only
Course Title: Effective E-Business Management
Course Description:
The aim of the course is to provide a comprehensive overview of the business and technical aspects of the e-business sector. On successful completion of this module, students should be able to: Appreciate the importance of e-business in the modern economy; Describe the history and principles behind e-commerce infrastructure; Explain the role of technology and information systems in an e-business enterprise; Define the main ideas behind e-commerce and discuss the importance of website design and maintenance; Consider the roles of various stakeholders in the e-commerce process; Analyze business processes with the intent to gain competitive advantage; Apply principles and key methods used in defining customer requirements; Construct business models to analyze business plans; Explain sound user interface design guidelines and system usability; Utilize techniques and tools of payment systems; Explain the role of different types of information system vulnerabilities, security and data protection measures.
Course Code and Credits: COM 485 (3) fall only
Course Title: Web Development
Course Description:
This course gives a comprehensive view of the client-side web development including the optimization of the webpages for the different browsers, resolutions and search engines. The students will learn HTML coding, webpage layouts and technique of using CSS and the main web developer tools, such as Adobe Dreamweaver CS5, First Page 2006 and Adobe Photoshop CS4.
Course Code and Credits: COM 512 (3)
Course Title: Managing ERP with SAP R/3
Course Description:
The course aims at giving general overview of business information systems with special respect to enterprise resource planning software and the field of their applications. At first, students has to understand the value of IT in an enterprise, after that, they will get familiar with the idea of ERP. After that, students will work with SAP, leader ERPs, and they will see real-life scenarios in a widely used enterprise IT system. The main goal is not teaching the usage of the software, but demonstrating real life scenarios and their solution with integrated information and resource planning system.
Course Code and Credits: COM 535 (3)
Course Title: Business Intelligence
Course Description:
This course provides a comprehensive overview of the field of business intelligence. Topics such as data warehousing, business analytics, business performance management systems, data, text and web mining will be covered. The course has three major objectives: a) to highlight the theoretical background of business intelligence; b) to demonstrate students the tools necessary for understanding the features of business intelligence; c) to offer practical experiences about the application of different business intelligence systems. (in fall COM 534 Intelligent Systems)

Economics and Finance

Course Code and Credits: ECO 131 (3) fall only
Course Title: Microeconomics
Course Description:
This course introduces students to the most basic ideas and analytical tools of economics as a science. It provides the ‘building blocks’ necessary for analyzing more complex problems that characterize the modern market economy. It will also discuss basic forms of cooperation and conflict (competitive markets, oligopolies, externalities, public goods and firms).
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 238 (3) fall only
Course Title: International Economics
Course Description:
The course introduces students to the main theories and methods of international economics. The first half of the course deals with the basic models explaining international trade, such as the theory of comparative advantages, the Hecksher-Ohlin model, and various alternative trade theories. The effects and reasons of government intervention in international trade, a topic of growing importance today, will be discussed, along with the pros and cons of protectionism. During the second part of the semester the course will discuss other topics of international economics, such as international factor flows, international finance and foreign exchange. The course combines rigorous economic analysis with attention to issues of economic policy alive and important today. Special attention is given to analyzing current world economic events, as well as the relevance of empirical application of the theories and models discussed. Prerequisite: Microeconomics and Macroeconomics.
Course Code and Credits: ECO 305 (3)
Course Title: Globalization (Economic Theory)
Course Description:
The course aims to explore the complexity of political economic and social interactions in the global environment, as well as the rapid changes in different settings and practices caused by global, technological and cultural changes which make it difficult to perceive ethical issues in the era of cultural globalization.
Course Code and Credits: ECO 395 (3)
Course Title: Economics and the European Union
Course Description:
The aim of this course is 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 411 (3)
Course Title: Economics and Ethics of Globalization
Course Description:
This course examines the norms or principles that establish and justify societies and determine the rights and responsibilities of a society in a globalized world. The course will also consider the application of these principles to such issues as justice, ethics, political, and social institutions in a world community.
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 441 (3)
Course Title: Essentials of Investing
Course Description:
This course will provide students with an insight into money and capital markets as well as the instruments traded in these markets. It will also provide students with a rigorous grounding in the methods and tools of investment analysis used by financial analysts as well as introduce the techniques of portfolio selection and management. This course also aims to hone students’ skills in conducting a sophisticated assessment of the current issues and debates covered by both popular media and the more specialised finance journals. Prerequisite: Corporate Finance (FIN 351), Economics, Statistics and Accounting.
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 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.
Course Code and Credits: LAW 465 (3) fall only
Course Title: International Business Law
Course Description:
The course aims at teaching international legal framework with an introduction to international business, international law and world’s legal systems. It deals with methods of resolving commercial disputes; influence and function of international organizations such as the WTO and protection of licensing agreements, intellectual property rights and foreign direct investment.

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 evercloser Union.


Course Code and Credits: PSY 311 (3)
Course Title: Personality Types and Team Dynamics
Course Description:
This course offers knowledge and practical experience related to processes and issues that teams face: team development, social dilemma, communication, conflict, power, decision-making, leadership, problem solving, creativity, diversity, virtual teamwork, culture, reward systems, and training. Students synthesize course content in a final service-learning group project in the community.


Course Code and Credits: SOC 450 (3) fall only
Course Title: The New East-European Underclass
Course Description:
This course deals with those most affected by this long-term transition period by summarizing the social and spatial aspects of the transformation to a market economy. It also reviews “society below society” and “underclass” theories. Students will also have the chance to participate in ecological tours in Budapest and in some less developed regions of Hungary.
Course Code and Credits: SOC 457 (3)
Course Title: Global Social Change and Global Inequalities
Course Description:
The course analyzes main forms and theories of global social change in the context of the development of global capitalism and global inequalities. It reflects on key theories and general interpretations of these changes from the perspective of current globalization.