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SSST Subjects

EC120 Introduction to Finance

 
 

Programme(s) where module is offered

  • BSc in Economics with International Business
  • BSc in Economics with Finance
  • BSc in Business and Management with Finance
  • BSc in Business and Management with Economics
  • BSc in Computer Science with International Business
  • BSc in Information System with International Business
  • BA in Political Science and International Relations with International Business
 

Status (core, option, free choice)

Core

 

FHEQ Level

4

 

Unit Value

6 ECTS

 

Semester taught

Spring

 

Pre-Requisite Modules or Qualifications

None

 

Module Code

EC120

 

Module coordinator

Amer Demirovic

 

Applicable From

2017

 

Educational Aims of the Module

  • The module introduces students to the fundamental concepts of capital budgeting, financial accounting, financial management and financial markets.
  • The module first introduces the time value of money and a basic valuation of firms and projects. The module then covers capital budgeting and analytical tools most commonly used to inform financial decisions. Afterwards, the module introduces students to financial accounting and major financial statements: Income Statement, Balance Sheet and Cash Flow Statement. In the final part, the module covers uncertainty and the risk-return relationship and most common financial instruments (stocks and bonds).
  • The main aim of this module is to make sure that students gain knowledge and understanding of basic financial concepts and to understand key economic and financial terminology as used in the field of Economics.
  • In addition, students will be able notice the correlation between some of the financial concepts. Furthermore, the students will be given opportunity to learn how to interpret and analyse basic financial statements.
 

Module Outline/Syllabus

  • Time value of money

  • Capital budgeting and valuation

  • Income Statement, Balance Sheet and Cash Flow Statement

  • Mechanics of accounting

  • Financial management and financial ratios

  • Corporate funding: stocks and bonds

  • Uncertainty and risk

  • Risk – return relationship

  • Introduction to financial markets

 

Student Engagement Hours

Type Number per Term Duration Total Time

Lectures

15 1.5 22.5

Workshops

5 1.5 7.5

Seminars

5 1.5 7.5
Tutorials 5 1.5 7.5
Total Guided/Independent Learning Hours 45.0
Total Contact Hours 105.0
Total Engagement Hours 150.0
 

Assessment Method Summary

Type Number Required Duration / Length Weighting Timing / Submission Deadline

Exam

1

3 hours

50%

Week 17-18

Mid-semester test

1

2 hours

20%

Week 8

Group poster

1

n/a

15%

Week 15

Subject Test

1

1 hour

15%

Weeks 12

 

Module Outcomes

Intended Learning Outcomes:

  • Comprehend the key terminology from the field of Finance.

  • Knowledge of the time value of money concept and its role in the valuation of financial assets.

  • Describe the net present value and other basic capital budgeting techniques

  • Interpret basic accounting principles and financial statements

  • Understand the concept of financial risk and how to quantify it

  • Recognise the relationship between risk and return

  • Knowledge of major sources of corporate financing

  • Understand the core principles and mechanics of financial markets and financial instruments

  • Undertake research in the field of finance using already defined methods and communicate results in appropriate format.

Teaching and Learning Strategy:

  • A variety of approaches to managing the learning process is introduced in order to be able to meet the ILOs. Teaching will be predominantly lectures, with ample time for discussion. Lectures will be based on the key text book. In addition to that, supplementary resources will be used. (ILO: 1-9)

  • Learning is organised and supported to encourage active learning, for example by in-class exercises and supervisor supported study. When it comes to in-class exercises, the problems will be firstly solved by professor, and after that students will be given opportunity to solve problems. (ILO: 1-9)

  • Students will be encouraged to attend financial conferences and seminars available at the time. This will be opportunity to be up to date with news and events from the financial sector. (ILO: 1-3)

Assessment Strategy:

  • Written exams (ILO: 1-9)

  • Test (ILO: 1,4-7)

  • Group Poster (ILO: 6-8)

Practical Skills:

  • Estimate the value of financial and physical assets
  • Ability to interpret corporate financial statements
  • Prepare written reports on relevant, finance related topics

Teaching and Learning Strategy:

  • Group project and presentations(PS: 1-2)

Assessment Strategy:

  • Tests (PS: 1-3)

  • Group poster (PS: 1-3)

Transferable Skills:

  • Research Skills

  • Numerical Skills

  • Communication Skills

  • Data analyses Skills

  • Meet deadlines

  • Good time management

  • Organize/manage projects

  • Ability to work in the team

Teaching and Learning Strategy:

  • Lectures (TS: 1-4)

  • In-class exercises (TS: 2-3)

  • Supervisor supported study (TS: 1,5,6,7)

Assessment Strategy:

  • Exams and tests (TS: 2)

  • Group poster (TS: 1, 5-8)

 

Key Texts and/or other learning materials

Set text

  • Keown A., Martin J. D. & Petty, W. (2016) Foundations of Finance, 9th Edition, Pearson.

Supplementary Materials

  • Arnold, G., (2014), The Financial Times Guide to Financial Markets, Trans-Atlantic Publications

  • Brooks, R. M. (2016), Financial Management: Core Concepts, 3rd Edition, Pearson

  • Mishkin, F., et al., (2015), Financial Markets and Institutions, 8th Edition, Pearson

  • Tennent, J., (2013), The Economist Guide to Financial Management, 2 Edition, Economist Books

Please note

This specification provides a concise summary of the main features of the module and the learning outcomes that a typical student might reasonably be expected to achieve and demonstrate if he/she takes full advantage of the learning opportunities that are provided.

More detailed information on the learning outcomes, content and teaching, learning and assessment methods of each module and programme can be found in the departmental or programme handbook.

The accuracy of the information contained in this document is reviewed annually by the University of Buckingham and may be checked by the Quality Assurance Agency.

Date of Production : April 2017

Date approved by School Learning and Teaching Committee

Date approved by School Board of Study

Date approved by University Learning and Teaching Committee

Date of Annual Review

       
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Bosna i Hercegovina

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