Załącznik nr 2 do zarządzenia Rektora nr /12
COURSE DESCRIPTION CARD
NOTE: If the course consists of lectures and classes, the Course Description applies to both forms of teaching
1. Course title: FINANCIAL INSTITUTIONS
in Polish: INSTYTUCJE FINANSOWE
2. Course code …
Number of ECTS credits: 6 Course completion method E Course commenced / Year 2015/2016
3. Faculty: FINANSE AND INSURANCE
4. Field of Study: FINANCE AND ACCOUNTING
5. Department of the Field of Study Coordinator: DEPARTMENT OF INVESTMENTS AND REAL
ESTATE
6. Name of tutor: Lectures: dr Joanna Błach, dr Monika Klimontowicz, dr Monika Wieczorek-Kosmala
Classes: dr Joanna Błach, dr Monika Klimontowicz, dr Monika Wieczorek-Kosmala
Examiner: dr Joanna Błach, dr Monika Klimontowicz, dr Monika Wieczorek-Kosmala 7. Tutor’s department : Department of Finance, Department of Banking and Financial Markets
8. Number of contact hours with students:
Type of course Full time study Part time study
Lectures 28
Classes 45
Foreign language classes Lab classes Seminars Introductory Seminars Other Total hours 73 Examination (hours) 3
9. Course timeframe (no. of semesters): 1 semester
Course commencement / II year Course commencement / 3. semester
10. Stage of tertiary education:
Bachelor (I)
11. Course status
Compulsory for the field of study:
Finance and Accounting
Compulsory for the specialization … Optional
12. Requirements
Compulsory: Principles of Finance Recommended:
13. Course objectives:
- To present fundamental knowledge on organization and activity of different types of financial
institutions, in particular: banks, insurance companies, pension funds and investment funds
- To develop the analytical skills aiming at identifying and assessing fundamental issues and processes
related to the activity of financial institutions and their cooperation with non-financial entities in the economy
- To develop the skills related to the effective work group and team project solving in the field of
financial institutions and their activity
14. Teaching and learning methods: A. Direct student/teacher contact hours:
Number of teaching hours
No. Teaching methods Description
Full time study Part time study
1. Lectures with multimedia presentations Interactive lectures covering the specific theoretical aspects of the subject 14 2. Lectures with discussion Interactive lectures covering the practical aspects of financial institutions activity 14 3.
Case study solving
Solving case studies and discussing the results
15
4. Solving problems,
tests and exercises
Solving problems and writing tests
15 5. Computer assissted classes Using computer software and internet to find, select and present information about financial institutions 7 6. Presentations Obligatory and voluntary presentations prepared in groups 8
Total AS: 73 AN: 0
B. Self-study hours:
Number of hours
No. Learning methods Description
Full time study Part time study
1.
Textbook and handbook reading
Individual work, preparing for the classes and final test
20 2. Computer assissted learning Individual work, preparing for discussion and final test
20
3. Lectures
presentations and
Individual work, preparing for the
presentations
Total BS: 77 BN: 0
Total AS+BS =73+77=150 Total AN+BN = 0
Examination (E) =3 Examination (E) = 0
Total AS+BS+E= 153 Total AN+BN+E = 0
15. Key words: central bank, commercial banks, bank activity, banking sector, insurance, insurance
company, indemnity, pension funds, investment funds
16. Course content: BANKING
1. BANKING SYSTEM: functions, evolution, factors of development, structure, models
of banking system, establishment of two-tier banking system in Poland, banking sector as a part of financial system.
2. TWO-TIER BANKING SYSTEM: Central Bank: objectives, functions, areas of activity,
monetary policy; other banks: objectives, functions, areas of activity, banking models, types of commercial banks, banks’ services and products, conditions for banks establishment in Poland.
3. BANKING SERVICES – Liabilities: deposit services classification, saving deposits, issue of debt securities, cash and cash equivalents, types of term deposits, segments, deposits and interest rates of interbank market; Assets: loans and credits, banking credit regulations, characteristic of banking credits and loans, credit price, credit calculation; Payment services: types and functions of banking accounts, payment services and settlements, payment systems, banking account agreement, domestic and foreign payment instruments.
4. BANK AS A FINANCIAL INSTITUTION: Assets and liabilities management; Banking marketing: essence, elements and character of banks’ marketing, marketing research, market segmentation, traditional and electronic distribution channels; Banking risks and supervision: types of banking risks, instruments of risk management, capital adequacy, objectives and functions of banking supervision, models of banking supervision.
INSURANCE
1. FUNDAMENTALS OF INSURANCE: legal and financial definition of insurance, functions of
insurance, role of insurance from the society and from the economy point of view.
2. ORGANISATION OF INSURANCE MARKET: insurance products, insurance company, types
of policyholders, insurance intermediary, law regulation of the insurance market;
3. INSURANCE COMPANY AS A FINANCIAL INSTITUTION: reserves and investments, assets
and liabilities management, legal constraints;
4. ROLE OF INSURANCE COMPANIES IN THE GLOBAL FLOW OF FUNDS – reinsurance
mechanisms (traditional and alternative solutions);
COLLECTIVE INVESTMENT FUNDS AND PENSION FUNDS
1. FUNDAMENTALS OF COLLECTIVE INVESTMENT: rationale for collective investment,
role of pension funds and investment funds in the economy;
2. CLASSIFICATION AND ORGANISATION OF INVESTMENT FUNDS AND PENSION
FUNDS: types of collective investment funds, organisation and activity of investment funds and pension funds in Poland and selected countries, special forms of investment funds: hedge funds, ETFs, REITs;
3. ASSET ALLOCATION IN COLLECTIVE INVESTMENT FUNDS: advantages and
disadvantages of collective investing, cost analysis, performance analysis;
4. COLLECTIVE INVESTMENT FUND AS A FINANCIAL INSTUTUTION: types of
17. Student learning outcome achieved in the course, as related to the outcome intended for the field of
study. Methods of outcome achievement evaluation. Student learning
outcome intended for the field of study / Symbols
Student learning outcome achieved in the course Methods of assessing student learning outcome achieved in the course Documentation Knowledge FiR1_W02 FiR1_W03 FiR1_W05 FiR1_W07 FiR1_W08
Has obtained general knowledge on financial institutions and their activity and the role of the information systems of those entities Has obtained knowledge on relations (in micro and macro scale) among business entities and financial institutions
Has obtained knowledge on humans and human behaviour as an business entity and understands the problem of risk management in financial institutions
Has obtained knowledge on rules and regulations determining the activity of financial institutions
Has obtained knowledge on causes, course and consequences of the social and economic changes within financial institutions and their activity
Test and written assessment Oral presentations
Test form and presentations Skills FiR1_U01 FiR1_U02 FiR1_U03 FiR1_U06 FiR1_U07
Notices, observes and interprets social, economic, financial, legal and political phenomena with regard to the situation of financial institutions
Is able to use basic theoretical knowledge for describing and analysing particular social, economic and financial phenomena and processes from the financial institutions perspective
Analyses the causes and course of social, economic and financial processes the level of risk in financial institutions
Is able to use sources and tools effectively to organize the cooperation with financial institution
Analyses suggested solutions to the problems and implies appropriate conclusions within the area of financial institutions activity
Test and written assessment Oral presentations
Test form and presentations
Social skills FiR1_K01
FiR1_K03
FiR1_K05
Understands the life-long learning need resulting from ongoing changes occurring in financial institutions activity
Notices and formulates problems, seeks optimal solutions to the given tasks, accepts responsibility for assigned tasks using applicable rules and standards
Is able to participate in developing social and business projects, knows legal, financial and
Group work preparing presentation
Test form and presentations
18. Methods of grading student performance: No. Student performance assessment methods and course completion requirements
Description Percentage of the final grade
1.
Final exam
written test covering theoretical and practical aspects of the subject (multiple choice questions and open questions)
60
2.
Class assessment Written assessment
(problem solving) 25
3. Presentations Oral presentations
prepared in groups 15
* If students are required to earn credits and pass an exam, the credit accounts for at least 30% of the final grade
19. Reading list
Compulsory reading list:
1. Błach J. (ed.), Fundamentals of Finance, Publishing House of the University of Economics in
Katowice, Katowice 2014.
2. Mishkin F. S. , The Economics of Money, Banking and Financial Markets. 7th Ed., Pearson Addison
Wesley, Boston2004.
3. Casu B., Girardone C., Molyneux P., Introduction to Banking. Pearson Education, Harlow 2006.
4. Rejda G., MacNamara M., Principles of Risk Management and Insurance, Pearson Education, Upper
Saddle River 2013.
5. Rose P.S., Marquis M. H., Money and Capital Markets. McGraw Hill International Edition, 2009.
Recommended reading:
6. Crews T.B., Fundamentals of Insurance, South-Western Cengage Learning, Mason 2010.
7. Fabozzi F.J., Modigliani F., Capital Markets. Institutions and Instruments. 3rd ed., Pearson Education,
Upper Saddle River 2003.
8. Hillier D., Grinblatt M., Titman S., Financial Markets and Corporate Strategy, McGraw Hill, London
2012.
9. Mobius M., Mutual Funds: An Introduction to the Core Concepts John Wiley & Sons, Hoboken
2007.
10. St Giles M., Alexeeva E., Buxton S., Managing Collective Investment Funds, John Wiley & Sons,
Hoboken 2003.
