At the start of the twenty-first century every economic system faces two challenges and, at the same time, opportunities: first, no matter how isolated, each economy is influenced by the forces of globalization and, second, the financial and shipping sectors have become key economic sectors, both domestically and globally. The Department of Commerce, Finance and Shipping (CFS) offers a programme of study that prepares students to address effectively these challenges and opportunities. The CFS programme of studies focuses on sectors that are at the heart of contemporary economic development and that are key to the economic health of any nation, especially that of Cyprus: commerce, finance and shipping. It offers students an in depth understanding of how these sectors operate within a modern economic system and the tools necessary for successful careers in business and industry.

During the first two years, the programme of study follows a core curriculum that equips students with a strong quantitative and analytical foundation. In the third and fourth year, students choose one of two specializations: finance or shipping. The choice of specialization provides students with a focus for their studies and the basis for a future career in the private or public sector, or as self-employed entrepreneurs.

In order to provide students with a well-rounded education that prepares them for employment, the CFS Department will establish close links with business, industry and government agencies, both locally and regionally. These links will provide the Department with feedback on the quality of its graduates. They will also offer opportunities for students to carry out their undergraduate thesis (during their final semester of studies) in an actual work environment by analysing real issues. In this way, students will be able to apply the quantitative and analytical tools learned during their studies to tackle an applied problem and write a critical report on its various aspects.

The CFS Department will conduct a rigorous research programme that will promote both basic and applied knowledge. Students may be able to participate in such research work and have an opportunity to apply the knowledge gained in the classroom to applied research questions.

The solid theoretical foundation of the programme of studies will provide students with an undergraduate degree that will allow them to pursue successfully postgraduate studies, either in Cyprus or abroad. The CFS degree is especially well suited as preparation for enrolling in postgraduate programmes leading to a Masters of Business Administration (M.B.A.) degree or a Masters degree in any Business or Economics discipline.