Module title: Introduction to the Financial Services Sector

SCQF level: 07:
SCQF credit value: 20.00
ECTS credit value: 10

Module code: FIN07102
Module leader: Paul Langford
School The Business School
Subject area group: Accountancy Finance and Law
Prerequisites

There are no pre-requisites for this module to be added

2018/9, Trimester 1, Face-to-Face, Edinburgh Napier University
Occurrence: 002
Primary mode of delivery: Face-to-Face
Location of delivery: CRAIGLOCKHAR
Partner: Edinburgh Napier University
Member of staff responsible for delivering module: Paul Langford
Module Organiser:


Learning, Teaching and Assessment (LTA) Approach:
Learning & Teaching methods including their alignment to Los
Lectures and problem based tutorials which will involve class discussion. The lecture content and class discussion will be augmented by guided library and web based research to obtain information for the essay and tutorials. Formative feedback is given through tutorial sessions and frequent online quizzes that lead up to the final class test delivered via Moodle. For the test: feedback is delivered via Moodle after moderation of marking (the correct answers are shown alongside the student’s attempt). The essay is a summative assessment as it is scheduled for late in the term to allow for a broad selection of possible topics. Feedback on the essay will be delivered to the students within three weeks. The essay is not designed to provide formative feedback to the test as the latter will include an emphasis on LO6, quantitative skills. (LO1-6)

Embedding of employability/PDP/ scholarship
The flexible study material has numerous problem situations to develop students’ basic analytical and quantitative skills, thereby better preparing them for work-based placements in third year and subsequently full-time employment in the financial sector. Videos are also used to illustrate, explain and encourage discussion on specific aspects of the sector. LOs 1-6.



Formative Assessment:
The University is currently undertaking work to improve the quality of information provided on methods of assessment and feedback. Please refer to the section on Learning and Teaching Approaches above for further information about this module’s learning, teaching and assessment practices, including formative and summative approaches.

Summative Assessment:
The University is currently undertaking work to improve the quality of information provided on methods of assessment and feedback. Please refer to the section on Learning and Teaching Approaches above for further information about this module’s learning, teaching and assessment practices, including formative and summative approaches.

Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)
Face To Face Lecture 20
Face To Face Tutorial 18
Independent Learning Guided independent study 162
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words
Essay 40 1 - 4 7 HOURS= 0, WORDS= 1800
Digital Examination (not Centrally Timetabled) 60 1 - 6 13 HOURS= 2, WORDS= 0
Component 1 subtotal: 40
Component 2 subtotal: 60
Module subtotal: 100
2018/9, Trimester 2, Face-to-Face, Edinburgh Napier University
Occurrence: 001
Primary mode of delivery: Face-to-Face
Location of delivery: CRAIGLOCKHAR
Partner: Edinburgh Napier University
Member of staff responsible for delivering module: Paul Langford
Module Organiser:


Learning, Teaching and Assessment (LTA) Approach:
Lectures and problem based tutorials which will involve class discussion. The lecture contendt and class discussion will be augmented by guided library based research to obtain information for the essay (LO1) and tutorials (LOs 1-6).

Embedding of employability/PDP/ scholarship
The flexible study material has numerous problem situations to develop students’ basic analytical and quantitative skills, thereby better preparing them for work-based placements in third year and subsequently full-time employment in the financial sector. Videos are also used to illustrate, explain and encourage discussion on the operation of the markets and institutions and the important processes involved: liquidity, sectoral flows of funds, financial intermediation, regulation. LOs 1-6.

Research/teaching linkages
Research in the area of financial markets and institutions has been carried out on an INTAS/Brussels funded research project on Financial Markets and Institutions in Ukraine. Scholarship is engendered through engagement with developments in appropriate research in the main journals. Students will be encouraged through class discussion groups to debate the current issues in financial services.

Supporting Equality and diversity
The module is available on web ct and in flexible learning form, making it accessible to a wide range of students and their individual learning needs. Students will be encouraged through class discussion groups to debate the current issues in financial services.

Internationalisation
The subject matter of the module has become increasingly international and global in its operation and applicability.


Formative Assessment:
The University is currently undertaking work to improve the quality of information provided on methods of assessment and feedback. Please refer to the section on Learning and Teaching Approaches above for further information about this module’s learning, teaching and assessment practices, including formative and summative approaches.

Summative Assessment:
The University is currently undertaking work to improve the quality of information provided on methods of assessment and feedback. Please refer to the section on Learning and Teaching Approaches above for further information about this module’s learning, teaching and assessment practices, including formative and summative approaches.

Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)
Face To Face Lecture 18
Face To Face Practical classes and workshops 18
Independent Learning Guided independent study 164
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words
Essay 40 1 9 HOURS= 0, WORDS= 1500
Class Test 60 2 - 6 14/15 HOURS= 2, WORDS= 0
Component 1 subtotal: 40
Component 2 subtotal: 60
Module subtotal: 100

Description of module content:

The module covers the whole of the financial sector institutions and markets.
The importance of liquidity in the economy is explored and how it is achieved through the flows of funds throughout the different sectors of the economy Government, Corporate, Personal, Overseas and Financial.
The important relationship between risk, term and return is explored and how the process of financial intermediation reconciles the disparate needs of borrowers and lenders.
Depository (eg banks, building societies) and non-depository (eg pension funds, unit trusts, insurance companies) financial intermediaries and the products they deal in, non-marketable securities, are investigated.
Financial markets – Money and Capital Markets, and the products they deal in, marketable securities, are studied.
The module looks at the different forms of banking (eg retail, wholesale and central banking) and also the rise of electronic/internet/telephone banking.
Yield analysis of bills, bonds, equities, certificates of deposit, commercial paper and deposits.
Students will also acquire a good understanding of financial information (eg government and company Securities and interest rates) as presented in the financial press.

Learning Outcomes for module:

LO1: Develop an awareness of the rationale underlying financial institutions and markets
LO2: Gain an appreciation of the need for, and forms of, regulation of the financial system
LO3: Outline the role of the Bank of England in the financial sector
LO4: Outline the roles of the various financial markets and institutions
LO5: Identify the financial instruments and services provided by the financial institutions
LO6: Develop an awareness of basic quantitative skills appropriate to the financial sector

Indicative References and Reading List - URL:
Introduction to the Financial Services Sector