5. Department of the Field of Study Coordinator: DEPARTMENT OF INVESTMENTS AND REAL ESTATE

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1 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 3. Faculty: FINANSE AND INSURANCE 4. Field of Study: FINANCE AND ACCOUNTING 2. Course code Number of ECTS credits: 6 Course completion method E Course commenced / Year 2015/ 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) 12. Requirements Compulsory: Principles of Finance Recommended: 11. Course status Compulsory for the field of study: Finance and Accounting Compulsory for the specialization Optional - 1 -

2 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 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 and their activity 14. Teaching and learning methods: A. Direct student/teacher contact hours: No. Teaching methods Description Lectures with multimedia Lectures with discussion Case study solving 4. Solving problems, tests and exercises Computer assissted classes Presentations B. Self-study hours: Interactive lectures covering the specific theoretical aspects of the subject Interactive lectures covering the practical aspects of activity Solving case studies and discussing the results Solving problems and writing tests Using computer software and internet to find, select and present information about Obligatory and voluntary prepared in groups Number of teaching hours Full time study Part time study 14 Total AS: 73 AN: No. Learning methods Description Textbook and handbook reading Computer assissted learning 3. Lectures and class notes reading 4. Preparing Individual work, preparing for the classes and final test Individual work, preparing for discussion and final test Individual work, preparing for the classes and final test Group work preparing obligatory and voluntary Number of hours Full time study Part time study

3 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 = 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 investment strategy, investment risk and rate of return on investment, collective funds supervision; - 3 -

4 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 FiR1_W02 FiR1_W03 FiR1_W05 FiR1_W07 FiR1_W08 FiR1_U01 FiR1_U02 FiR1_U03 FiR1_U06 FiR1_U07 FiR1_K01 FiR1_K03 FiR1_K05 Student learning outcome achieved in the course Knowledge 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 Has obtained knowledge on humans and human behaviour as an business entity and understands the problem of risk management in Has obtained knowledge on rules and regulations determining the activity of Has obtained knowledge on causes, course and consequences of the social and economic changes within and their activity Skills Notices, observes and interprets social, economic, financial, legal and political phenomena with regard to the situation of Is able to use basic theoretical knowledge for describing and analysing particular social, economic and financial phenomena and processes from the perspective Analyses the causes and course of social, economic and financial processes the level of risk in 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 activity Social skills Understands the life-long learning need resulting from ongoing changes occurring in 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 business aspects of the project delivery and is able to predict the results in basic term using accounting models and methods Methods of assessing student learning outcome achieved in the course Test and written assessment Oral Test and written assessment Oral Group work preparing presentation Documentation Test form and Test form and Test form and - 4 -

5 18. Methods of grading student performance: No. Student performance assessment methods and course completion requirements Final exam Class assessment Description written test covering theoretical and practical aspects of the subject (multiple choice questions and open questions) Written assessment (problem solving) 3. Presentations Oral prepared in groups Percentage of the final grade * 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 Mishkin F. S., The Economics of Money, Banking and Financial Markets. 7th Ed., Pearson Addison Wesley, Boston Casu B., Girardone C., Molyneux P., Introduction to Banking. Pearson Education, Harlow Rejda G., MacNamara M., Principles of Risk Management and Insurance, Pearson Education, Upper Saddle River Rose P.S., Marquis M. H., Money and Capital Markets. McGraw Hill International Edition, Recommended reading: 6. Crews T.B., Fundamentals of Insurance, South-Western Cengage Learning, Mason Fabozzi F.J., Modigliani F., Capital Markets. Institutions and Instruments. 3rd ed., Pearson Education, Upper Saddle River Hillier D., Grinblatt M., Titman S., Financial Markets and Corporate Strategy, McGraw Hill, London Mobius M., Mutual Funds: An Introduction to the Core Concepts John Wiley & Sons, Hoboken St Giles M., Alexeeva E., Buxton S., Managing Collective Investment Funds, John Wiley & Sons, Hoboken Language of instruction: English - 5 -

6 21. Tutors recommendations: computer lab for classes and lectures - 6 -