INTRODUCTION TO FINANCIAL SERVICES

SHE Level 1
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code M1N312743
Module Leader Muhammad Nawaz
School INTO
Subject INTO
Trimesters
  • A (September start)
  • B (January start)

Summary of Content

This module provides an introduction to (i) the financial services sector in the UK; and (ii) the themes of personal finance, corporate finance and investment, banking and international finance and risk, which are key to all financial services and which form the basis of the BA/BA(Hons) Finance, Investment and Risk to which students might transfer. The module will also reflect upon current contemporary issues affecting financial services in the UK and more widely.

Syllabus

- Key institutions in the UK financial services sector - Role of the different types of financial markets in the UK - Government Policy & Financial Services - Consumers of Financial Services - Personal Finance - Corporate Finance & Investment - Banking & International Finance - Risk in Financial Services

Learning Outcomes

On successful completion of this module, the student should be able to:- Identify, and demonstrate an understanding of the main functions of, the key institutions in the UK financial services sector;- Explain the role of the different types of financial markets;- Explain how government policy influences the financial services industry;- Outline a range of issues affecting consumers of financial services;- Demonstrate an understanding of the themes of personal finance, corporate finance and investment, banking and international finance and risk.

Teaching / Learning Strategy

Learning and Teaching The learning and teaching strategy will use a blended approach of lectures, tutorials and directed learning supported by Blackboard. Lectures will provide the principal mechanism by which key themes are presented and seminars will provide the medium for teamwork and presentation skills to be enhanced by providing an opportunity for students to explore the lecture themes in more detail. These activities will be supported by a programme of specified reading, the integration of contemporary materials and (where possible) presentations from industry figures. The assessment strategy incorporates both formative and summative assessment. The formative element requires students to complete a set of tasks, and reflect on tutor and peer feedback received at in class during the semester. This formative work completed on the module assist students in working towards the completion of individual portfolio, which forms part of the summative assessment. Assessment A: Facilitating the development of self-assessment Students will be encouraged to identify the strengths and weaknesses of their own work in relation to the criteria prior to submission. B: Encouraging dialogue Time will be set aside in seminars to discuss generic feedback. Students will also be encouraged to meet with module tutors to review their personal performance. C: Clarifying good performance Students will be given clear guidance on requirements using appropriate reference criteria. D: Providing opportunities to close the gap between current and desired performance Feedback will identify generic and individual action points for improving performance. E: Delivering high quality information about your learning Feedback will identify strengths, weaknesses and corrective advice. Time will also be set aside in seminars to provide feedback on formative assignments. F: Encouraging positive motivational beliefs and self-esteem All feedback will be constructive and clear. It will identify strengths in performance. G: Providing information to teachers that can be used to help shape the teaching Discussion Boards will be utilised to identify the areas of the coursework students found most challenging.

Indicative Reading

Due to the broad nature of this module, there is no single prescribed text. Below is a guide to the various sources of information, which may be of interest. (NB this is NOT exhaustive). Textbooks: Arnold (2007), Essential of Corporate Financial Management, Prentice Hall. Buckle and Thomson (2004), The UK Financial System , Manchester University Press. Callaghan, G., Fribbance, I. and Higginson, M. (2007) Personal Finane, Chichester, John Wiley & Sons Cottrell, S (2003), Skills for Success, New York, Palgrave MacMillan Cottrell, S (2003), The Study Skills Handbook (2nd Edition), New York, Palgrave MacMillan Diacan & Carter (2004), Success in Insurance, Hodder Murray. Howells and Bain (2006), Financial Markets and Institutions, Prentice Hall. Corporate Governance, London, CIMA. Lee-Davies, L & Bailey, S (2007), Developing Work & Study Skills, London, Thomson Learning Leslie, J. (2006), Introduction to Financial Services, 5th Edition, CIOBS. Vaitlingham R. (2006), FT Guide to using the Financial Pages.'Investment and Risk' (2006/2007), CF2 Certificate in Financial Planning, BPP Publishing. Journals: Financial Services Brief Financial Services Review International Journal of Service Industry Management Journal of European Financial Services The Scottish Banker Reports: OTI (2002) Business and Society: Corporate Social Responsiblity Report 2002. The European Commission (2002) Report on Corporate Social Responsibility: A Business Contribution to Sustainable Development. Websites: ABI (http://www.abi.org.uk) Government website (http://www.ukonline.gov.uk) EU website (http://europa.eu.int) EIRIS (www.eiris.org) Financial Times (www.ft.com) Financial Services Authority (www.fsa.gov.uk) Financial Institution Websites Joseph Rowntree Foundation (www.jrf.org.uk) British Bankers Association (www.bba.org.uk) www. cfapubs.org

Transferrable Skills

This module will develop the following skills in a manner that encourages independent initiative and critical thinking: - personal and interpersonal skills - oral and written communication skills - data gathering, analysis and interpretation

Module Structure

Activity Total Hours
Independent Learning (FT) 140.00
Tutorials (FT) 12.00
Lectures (FT) 24.00
Assessment (FT) 24.00

Assessment Methods

Component Duration Weighting Threshold Description
Portfolio n/a 75.00 35% Portfolio
Group Presentation n/a 25.00 35% Group Presentation