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Short Term Study Abroad Program in Kuwait


Short Term Study Abroad Program in Kuwait Mohammed Akacem Professor of Economics Metropolitan State College of Denver & Research Associate, IBS, University of ... – PowerPoint PPT presentation

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Title: Short Term Study Abroad Program in Kuwait

Short Term Study Abroad Program in Kuwait
  • Mohammed Akacem
  • Professor of Economics
  • Metropolitan State College of Denver Research
    Associate, IBS, University of Colorado Boulder

Study Abroad program at CU Boulder Source CUs
Study Abroad program, CU Boulder
  • Top 10 Study Abroad Locations at CU-Boulder
  • 1.      Spain 2.      Italy 3.      Worldwide
    (Semester at Sea) 4.      Australia 5.     
    England 6.      France 7.      New Zealand
    8.      China 9.      Czech Republic 10.    

Top 10 Majors
  • 1.      International Affairs 2.     
    Psychology 3.      Finance 4.      Political
    Science 5.      Anthropology 6.      Spanish
    7.      Communications 8.      Marketing
    9.      Sociology 10.     Fine Arts/Studio Arts

Current CU-Boulder Faculty-Led Short-Term Study
Abroad Programs
  • 1.      19th and 20th Century French Art in
    Paris, France 2.      Contemporary Nordic
    Culture Society in Iceland 3.      Excavations
    Field School at Villa of Maxentius in Rome,
    Italy 4.      Economy, Politics and Society in
    the Middle East in Kuwait 5.      Film and the
    French Aesthetic in Paris, France/ Film and the
    Italian Aesthetic in Rome, Italy 6.      London
    Finance Seminar in England 7.     
    Reconciliation Diversity in the 21st Century
    The South African Model in Cape Town
    Johannesburg, South Africa
  • 8.      Rome Humanities Summer Program in
    Rome, Italy 9.      Self-Awareness and Images of
    the Other in Xi'an,China 10.     St. Petersburg
    Russian Language Culture in St. Petersburg,

The Basics
  • 260 CU-Boulder study abroad programs
  • Over 65 countries
  • (Europe, Asia, Africa, Latin America, Oceania)
  • Programs available for all majors
  • Over 1000 students study on CU-Boulder programs

When to go?
  • All programs have class standing requirements
  • Most programs will allow 2nd-semester sophomores,
    but some require junior standing
  • A few programs will allow students to attend the
    summer after freshman year
  • Most students go during junior year, but many
    also go as sophomores or even seniors
  • Students should go when it fits best with their

The new Kuwait program
  • This new program puts the emphasis on the short
    term- two weeks to three weeks
  • December 2009 will be our first trip
  • We may try a Maymester between end of spring
    and the start of summer
  • Weather in the Middle East and North Africa may
    be an issue

How much does it cost?
  • Wide range of program costs
  • One rough estimate at this time is 2,500
    dollars including airfare
  • That will change depending on how many students
  • Three weeks in Rome program is around 2,400
    without airfare
  • Pay a program fee based on the actual costs of
    the program (not CU-Boulder tuition)
  • Visit for exact program
    fees and estimated additional costs

Financial assistance
  • Can use CU-Boulder financial aid
  • Can apply for CU-Boulder study abroad scholarship
  • Other scholarships through program providers
  • Government organizations
  • CU departments
  • Private foundations

The MENA region Where to have a study program?
The state of Islam
  • http//

Why Kuwait?
  • A small country
  • Parliamentary system
  • Diwaniya
  • Unique in the Arab world
  • Ambassadors attend these as well
  • Oil economy
  • Rich trading history
  • From Pearl to oil
  • Many contacts
  • US educated
  • Open society
  • More importantly we have a first rate
    contact/provider in Kuwait

How did the Kuwait program came to be?
  • Outgrowth of the Political Economy of my Middle
    East course
  • Class instructions on a region as diverse as the
    Middle East is not enough
  • On the ground experience with culture, tradition,
    economy and business is a must
  • Given the many contacts in Kuwait and former
    colleagues working there, Kuwait was an easy
  • Kuwait has already established itself in the
    world of finance through its sovereign wealth
  • http//

Visits and lectures
  • Stock Market
  • Visit To Banks and various funds
  • Kuwait Sovereign Wealth Fund
  • Central bank of Kuwait
  • Discussion and guest lectures on Kuwait foreign
    investment strategy
  • Kuwaits approach to exchange rate policy
  • Has Kuwait suffered from the resource curse?
  • What did Kuwait do differently from the other oil

Visits of Islamic banking and Finance institutions
  • The Kuwait Finance House
  • One of the largest Islamic banks
  • The International Investor
  • Guest lectures in both institutions
  • What is Islamic banking and finance?
  • Similarities and differences with traditional
  • Why has not the Middle East/Islamic banks
    suffered as much as the Western banks during this
    global credit crisis?
  • Shock absorbing qualities of IS banking
  • Students will have read assigned readings prior
    to the trip to prepare them for these and other

Visit and lectures
  • Kuwait Fund for Development
  • Discuss Kuwait foreign aid policy
  • Kuwait Oil Company
  • Oil and the world economy issues
  • OPEC, quotas and oil price scenarios
  • Kuwait and OPEC politics
  • Kuwait and Gulf oil politics

Visit and lectures continued
  • Attend Parliament session
  • Meet with some members
  • Lecture on Kuwait and Gulf politics
  • Regional political economy
  • Visit Women Cultural society
  • Visit the Scientific Center
  • Social security office

Visit and lectures end
  • Kuwait University
  • A number of lectures by faculty in and outside
    the business school
  • All faculty US educated
  • Familiar with US education and the Middle East
  • Visit the Big Mosque
  • Fishing Trip / Desert Trip
  • Salmeen Diwania
  • What is a Diwania?
  • Meeting room rented at the Hotel in Kuwait
  • Daily de-briefing with the students

Women in Kuwait defying the stereotypes
  • Dr. Massouma Al-Mubarak, minister of planning
  • The first woman appointed to a cabinet level post
  • Minister of planning
  • Professor of political Science
  • One of the people that will give a lecture to the
    CU students during our first visit to Kuwait

Kuwaiti women getting the right to vote and stand
for office
  • Students will meet a number of Kuwaiti women
    professionals, politicians, and students
  • Kuwait is by far ahead of many in the Arab world
    when it comes to womens rights

Contact hours before, during and after completion
of the trip
  • Grand Total 67 Hours (before the trip, on site
    and after)
  • Course Assessment
  • Students will be evaluated on the following
  • Level of participation during site visits ,
    meetings and lectures
  • Brief analytical summary of the trip after it is
  • What did students learn, how consistent was the
    experience and knowledge gained with the readings
  • A paper that covers some aspects of Economics,
    Business, Politics and Society in the Middle East

What next?
  • A post Kuwait trip assessment will be made
  • University committee wants the trip to take place
    on an annual basis
  • Next country Saudi Arabia
  • Later, other countries in the Gulf