KEELE MANAGEMENT SCHOOL

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1 KEELE MANAGEMENT SCHOOL Programme Specification INTERNATIONAL BUSINESS AND FINANCE KMS/SEGI 3+0 Introduction This document describes the main features of the Business and Finance Programme that may be studied as part of the undergraduate Dual Honours degree at SEGI College Malaysia as part of a 3+0 franchise arrangement with Keele University. The programme is offered as part of Keele University s Overseas Collaborative provision, and subject to Keele s Code of Practice on Collaborative Provision (2011) which is informed by the Quality Assurance Agency (QAA) Code of Practice for the assurance of academic quality and standards in Higher Education (2010). The programme set out below is a bespoke design that draws on a portfolio of programmes delivered on campus by Keele Management School (KMS). In designing the programme KMS have drawn upon their extensive experience of delivering programmes with partners and broad knowledge base of Transnational Education from across the sector. The purpose of the document is to set out the nature of the programme, explain what students may expect by studying Business and Finance at SEGI and provide information about what is available for students should they choose to take full advantage of the opportunities that are provided throughout the programme. Names of programmes Mode of study Dual Honours Duration BA (Hons) Business and Finance Full Time Dual Honours Three Years The programme is designed by Keele Management School (KMS) and is drawn from a portfolio of programmes delivered on campus at Keele. The programme delivered by our Partner SEGI. As part of the HEFCE Wider Information Set (WIS) requirements, we provide a table detailing the External iner and their home institution by programme. The table also provides the last examiners report and the school response to that report. The report and response are only available to internal users (with Keele University login and password). What is a 'Dual Honours Principal Programme'? The Dual Honours degree provides a broad undergraduate curriculum and allows students to study two subjects to degree level. Each subject area is known as a "Principal Programme" and is studied throughout the student's three years a SEGI College. This document describes the threeyear Business and Finance Programme. The philosophy of the Business and Finance Programme 1

2 Business at Keele is strongly grounded in the social sciences and provides an understanding of management and organization that is more academically and critically informed than the more common managerial and functionally-based courses. The teaching of Business at Keele provides a distinctive approach to teaching and is informed by contemporary research undertaken in the school and beyond. The approach adopted considers that the most productive way of studying the subject is to take a critical perspective on organizations, along with a thorough application of theory to practices of management and the development of essential analytical skills and knowledge. For this reason, our teaching and research moves between a framework of basic practices used in particular functions of management (such as accounting, marketing, human resource management) and their critical evaluation. We believe that it is important to think about and debate not just technical issues, but also national and international social trends, cultural specificities and ethical issues, reflecting a concern to understand these techniques within their historical and situational context. Through extensive reading and discussion of the broad range of social science, we encourage students to engage critically with management practice in a way that is grounded in a thorough appreciation of the mechanics of contemporary organizations. We try to foster creative thinking with the belief that business and organizational futures can only be realised by considering the wider issues raised by current practice. Finance is an established, key social science discipline. It possesses a clear and coherent intellectual structure that engages with a broad range of other subjects, including economics, business management, environmental science, mathematics, politics, psychology, and sociology. At its core the discipline embraces an intricate theoretical framework but also makes extensive use of empirical techniques and analysis that find application in a wide-range of practical real world problems. Finance provides essential knowledge for the understanding of business behaviour, strategy and corporate performance and this makes the subject a central plank for the study of business, management and related areas. The programme provides students with an opportunity to learn about decision making of investors and the role of financial markets in an economy with a wide range of practical applications. The programme is academically rigorous, and delivered in a supportive and challenging learning environment that provides sound foundations that enables students to acquire a range of skills that are highly relevant for either subsequent careers or further study. Engagement with this programme will enable students to develop their intellectual, personal and professional capabilities. Our ten Graduate Attributes include independent thinking, synthesizing information, creative problem solving, communicating clearly, and appreciating the social, environmental and global implications of your studies and activities. Our educational programme and learning environment is designed to help students become a well-rounded graduate who are capable of making a positive and valued contribution in a complex and rapidly changing world, whichever spheres of life they engage in after their studies are completed. Aims of the Programme The aim of the programme is to enable students to: Describe and explain a diverse range of issues in international business utilising a core of competing management and finance theories Understand, evaluate and combine theoretical analysis with up-to-date factual knowledge about business and management developments and behaviours in organisations in the private, public and voluntary sectors Develop the capability to undertake and report on their own research using relevant international business and finance concepts and methods in a well-balanced and concise manner, exercising appropriate levels of scholarship Acquire knowledge and skills that enable them to develop independence and selfconfidence in their work and the ability to cooperate with colleagues What students will learn 2

3 What students on the Programme will know, understand and be able to do can be described under three main headings: Subject knowledge and understanding Subject specific skills Key or transferable skills (including employability skills). Students who complete all three years of the Programme and graduate with either a BA (Hons) or BSc (Hons) in Business and Finance will be able to: Subject knowledge and understanding Demonstrate knowledge and understanding of organisations, the external environment in which they operate and how they are managed Demonstrate knowledge and understanding of markets and the agents that operate in markets, organisations, the people they employ and their operations, business policy and strategies Demonstrate knowledge and understanding of issues affecting the business environment such as globalisation, innovation, corporate social responsibility and diversity Demonstrate knowledge and understanding of a number of key concepts that are present in decision problems in finance such as moral hazard, adverse selection, information asymmetry, arbitrage, optimal risk-sharing, and informational efficiency. Utilize a variety of theory-based and model-based analytical methods in finance Utilise a range of tools, including verbal, graphical, mathematical and econometric representation of ideas in finance, and the capability to manipulate and interpret relevant financial data Apply economic reasoning to a variety of topics in finance Subject-specific skills Utilise a variety of theories to analyse developments in the world of business and the management of organisations Utilise different methods of communicating ideas in business and management including graphical, poster-based, and essay exposition Apply logical reasoning based on knowledge of business and management to a variety of theoretical and applied topics Organise, present and analyse data drawing appropriate inference Be able to frame a research problem, deciding upon the factors that may be considered fixed for the purpose of the problem at hand Abstract, simplifying complex systems to assess market behaviour, thereby improving problem-solving and decision-making Apply logical analysis of induction and deduction to forming and applying assumption-based models in finance Organise, present and analyse financial data and drawing appropriate inferences Key or transferable skills Communicate and make effective oral presentations Work effectively both as an individual and as part of a group or a team, recognising and respecting the viewpoints of others Work with numerical data from a wide range of sources Work effectively with information technology Demonstrate effective skills in problem-solving Demonstrate and sustain effective approaches to learning and study, including time management, flexibility, creativity and intellectual integrity Keele Graduate Attributes 3

4 Engagement with this programme will enable students to develop their intellectual, personal and professional capabilities. At Keele, we call these our ten Graduate Attributes and they include independent thinking, synthesizing information, creative problem solving, communicating clearly, and appreciating the social, environmental and global implications of your studies and activities. Our educational programme and learning environment is designed to help you to become a well-rounded graduate who is capable of making a positive and valued contribution in a complex and rapidly changing world, whichever spheres of life you engage in after your studies are completed. Please refer to the programme webpages for a statement of how you can achieve the Keele Graduate Attributes through full engagement in the programme and other educational opportunities at Keele. How the Programme is taught Learning and teaching methods used on the Programme vary according to the subject matter and level of the module. They include the following: Traditional lectures where the lecturer provides students with a framework for reading and independent study. Tutorials and seminars allow students to work in groups where key issues can be explored and discussed in more depth. Students are expected to play a full part, and often, to lead these discussions. Some tutorials and seminars consist largely of student presentations and many are based on the application of key ideas and research to case studies. Practical, computer- based, lab-classes where students acquire the hands-on skills associated with describing, analysing and interpreting economic and business data. Independent study based on directed reading from textbooks, research monographs, and academic journals. Web-based learning using the University's virtual learning environment (KLE). The KLE is used to give students easy access to a wide range of resources and research tools, and as a platform for online discussions, quizzes and blogs. Apart from these formal activities, students are also provided with regular opportunities to talk through particular areas of difficulty, and any individual learning needs they may have, with their module, seminar and tutorial group leaders on a one-to-one basis. These learning and teaching methods enable students to achieve the learning outcomes of the programme in a variety of ways. For example:- Lectures and independent study allow students to gain a systematic understanding of international business and how its methods of analysis may be used to investigate a variety of contemporary social problems. Seminars, tutorials and online discussions provide opportunities for students to ask questions about, and suggest answers to problems in a responsible way, and to present their own ideas to members of staff and other students using an appropriate medium of communication. Seminars, tutorials and web-based activities encourage students to reflect on their own learning and take responsibility for its development by addressing areas of difficulty, perhaps by discussing them with their fellow students or by getting additional help from a member of staff. Teaching staff Teaching staff on the SEGI programme are approved by Keele University to teach on the programme and are qualified to Masters level and work closely with module leaders based at Keele. The Programme structure 4

5 All modules are worth 15 credits, students must accumulate at least 120 credits in Management and 120 credits in Finance to graduate with a named Dual Honours Degree in Management and Finance. The Programme is designed to deliver a progressive structure and the modules have to be taken in the sequence outlined above. The table below sets out what students learn in each year of the Programme, the modules in which that learning takes place, and the main ways in which students are assessed on their learning. Year/ Semester 1 Semester 2 FHEQ Level 1/4 Global Business Environment Accounting Principles Markets and Hierarchies Business Quantitative Methods 2 Marketing Principles 2/5 Organizational Managing in the MNC Econometrics Operations and Quality Management Supply Chain Management Portfolio Choice Banking 3/6 Business in Emerging Economies Corporate Finance Options and Futures Business Strategies Finance Managing Project YEAR 1 (FHEQ Level 4) First year modules are designed to provide a solid foundation in international business as well as introduce students to the breadth of the subject through the opportunity to study a topic in related areas of business. First year finance modules are designed to provide an understanding of core analytical framework of the discipline alongside an introduction to essential statistical and mathematical methods and techniques that are utilized throughout the subject. Subject Knowledge Outcome Students will be able to Explain how different aspects of management have developed historically Relate historical aspects of management such as Fordism, bureaucracy, alienation and conflict to the contemporary workplace and explain how they present enduring problems in terms of how to organise work and how to motivate and manage employees Module Assessment,, Explain fundamental concepts of accounting Accounting Principles Class Test, Unseen Apply the basic principles of accounting Accounting Principles Class Test, Unseen Explain the role of financial institutions and their service Accounting Principles Class Test, Unseen Describe and interpret economic and business data in a broader context Accounting Principles Class Test, Unseen Define and explain concepts associated with markets and organizations, understand the operation of 'real world' markets Solve simple economically framed problems Interpret theories of international trade, investment and management. Markets and Hierarchies Markets and Hierarchies Plan,, Closed Book Plan,, Closed Book 5

6 Comprehend the advantages of, and barriers to, running companies on an international basis Evaluate the way businesses work, develop, expand internationally, and interact with each other. Appreciate the evolution of the global market and current topical debates surrounding globalization. Recognize the distinction between sample level and population level information in the context of economics and finance Describe and interpret economic and business data in a broader context Utilize a variety of mathematical tools to apply to a range of problems in finance Describe and explain key theories that underpin marketing Describe the basic functioning of financial markets Recognise and apply the concept of arbitrage Utilize a variety of mathematical tools to apply to a range of problems in finance Explain the factors influencing investment behaviour and opportunities of individuals Explain the role of financial institutions and their service Business Business Global Business Environment Global Business Environment Quantitative Methods 2 Quantitative Methods 2 Quantitative Methods 2 Marketing Principles Online Tasks, Group Online Tasks, Group Online Exercise, Online Exercise,, Online Exercise, Online Exercise, Online Exercise, Subject Specific Skills Outcome Students will be able to Identify relevant research materials and apply their content to various aspects of the modern world of work Module Assessment Online Exercise, annotated bibliography, Communicate, orally, theories and research materials in relation to a number of Management related issues Engage convincingly in contemporary debates around, areas of management, societal impact of work technology development and sustainable management practice Relate specific applications of accounting information to Accounting Principles a business context Use appropriate bibliographic search tools to find Accounting Principles relevant economic, finance and management materials in hard copy and electronic formats Apply numerical and literacy skills to accounting topics Accounting Principles Identify the main points of key texts and use them in Accounting Principles developing arguments and making judgements about finance Describe, analyse and interpret quantitative information Accounting Principles Class test, 6

7 Present written work in finance in a scholarly style using an appropriate system of citation and referencing Evaluate and make use of theories in analysing and resolving problems Present written work in finance in a scholarly style using an appropriate system of citation and referencing Use appropriate bibliographic search tools to find relevant economic, finance and management materials in hard copy and electronic formats Identify the main points of key texts and use them in developing arguments and making judgements about finance Describe, analyse and interpret quantitative information Engage convincingly in contemporary debates in the areas of globalisation, societal impacts, cultural adaptation, technology development, and transfer and sustainability. Begin to develop a critical perspective to their basic understanding of international business, as a basis for their further studies. Demonstrate an awareness of the legal, political, cultural and technological environments that constitute today s international business environment. Describe, analyse and interpret quantitative information Present written work in finance in a scholarly style using an appropriate system of citation and referencing Evaluate and make use of theories in analysing and resolving problems Analyse marketing situations using appropriate marketing tools and concepts Find appropriate material relevant to marketing research and practice through relevant bibliographical and other research and utilise this information to support analysis of marketing problems Apply marketing ideas to a variety of organisations and marketing settings Identify key arguments of academic literature relevant to marketing and utilise them for the purposes of analysis of marketing issues Explain risk-taking behaviour Analyse the efficiency of financial markets Accounting Principles Accounting Principles Business Business Global Business Environment Quantitative Methods 2 Quantitative Methods 2 Quantitative Methods 2 Marketing Principles Marketing Principles Marketing Principles Marketing Principles Class test, Class test, Online exercise, Online exercise, Online exercise, Online exercise, Online Tasks, Group Class test, Class test, Class test, Online exercise,,, Online Exercise, Key or transferable skills (including employability skills) Outcome Module Students will be able to Communicate, orally, theories and research materials in relation to a number of management related issues Demonstrate an understanding of academic scholarship and good research practice Assessment Online Exercises, Annotated 7

8 Use search tools to locate relevant information. Use this information to construct arguments or support analysis Communicate ideas and present arguments in a written format Organise and reflect on own learning through receiving feedback Identify the main points of key texts and use them in developing arguments and making judgements about management issues Communicate complex arguments effectively supported by appropriate evidence both orally and in writing Evaluate and make use of theories in analysing and resolving problems Present written work in a scholarly style using an appropriate system of citation and referencing Find and make use of information from closed and open sources using online search tools Develop and sustain effective approaches to learning and study, including time management and creativity and intellectual integrity Develop and sustain effective approaches to learning and study, including time management and creativity and intellectual integrity Develop individual study skills: reading, writing and oral presentation. Conceptualise and then communicate international business issues in a convincing and meaningful way. Develop skills in peer assessment and self-reflection. Work effectively as a member of a study group. Foster ability to handle information using techniques and frameworks to build employability skills Formulate logical and coherent arguments, appraise theoretical ideas, and assimilate and synthesise advanced theories and concepts from a variety of relevant frameworks. Develop ability to critically engage, to a deep level, with the theories, concepts and tools in the area of Markets and Hierarchies Business Business Business Business Global Business Environment Global Business Environment Global Business Environment, Annotated Annotated Annotated, Online Exercise Annotated,,,, Annotated, Online Exercise, Annotated, Group Group Group Group Online Tasks, Group Online Tasks, Group 8

9 Business. Apply industry standard spread sheet software for data analysis Communicate complex arguments effectively supported by appropriate evidence both orally and in writing Present written work in marketing in a scholarly manner Use search tools to locate relevant information. Use this information to construct arguments or support analysis Organise and reflect on own learning through receiving feedback Apply elementary financial calculus Use appropriate bibliographic search tools to find relevant materials in hard copy and electronic formats Communicate complex arguments effectively supported by appropriate evidence both orally and in writing Evaluate and make use of theories in analysing and resolving problems Find and make use of information from closed and open sources using online search tools Reflect on and plan their own learning by acting appropriately on feedback Develop and sustain effective approaches to learning and study, including time management and creativity and intellectual integrity Quantitative Methods 2 Quantitative Methods 2 Marketing Principles Marketing Principles Marketing Principles Class Test Class test; Unseen examination Online exercise, Online exercise,, Online exercise, Online exercise,, YEAR 2 (FHEQ Level 5) In the second year students build upon the foundations laid in the first year. Students systematically develop their understanding of organisations and the theory underpinning their analysis. Attention focuses on the behaviour of investors and financial markets as a whole. Quantitative methods that were introduced in the first year are also developed further to provide a comprehensive toolkit of techniques that can be applied to interpret a wide-range of data. Subject Knowledge Outcome Students will be able to Describe and critically analyse the relevant issues in organisational behaviour Explain the management practices associated with Taylorism and Human Relations and analyse their relevance to work organisation Explain the foundations of labour process theory and compare these to Taylorism and Human Relations Explain and evaluate the role of quality management as a pervasive issue in organisations, in the public, private and not for profit sectors and its contribution to the future development of such organisations Explain the behaviour of investors in financial markets in terms of a small set of unifying principles Utilize mathematical skills to analyse the behaviour of investors, financial markets and the risks that institutions are exposed to Module Organizational Organizational Organizational Operations and Quality Management Portfolio Choice Portfolio Choice Assessment, Assignment Assignment, Assignment, Tutorial 9

10 Describe and evaluate the mechanics of setting up a trading strategy and holding long and short positions in various assets Detect arbitrage opportunities in simple examples of bond and stock markets and identify the corresponding equilibrium prices Explain the behaviour of investors in financial markets in terms of a small set of unifying principles Utilize mathematical skills to analyse the behaviour of investors, financial markets and the risks that institutions are exposed to Analyse and interpret relationships between financial data and draw inference based upon this analysis Explain the relationship between theory, methodology and methods in Finance research Explain and assess the role of banks and non-bank financial intermediaries for modern economies Describe and critically evaluate the risks that banks are exposed to Analyse and explain the nature of financial fragility and banking crises Utilize mathematical skills to analyse the behaviour of investors, financial markets and the risks that institutions are exposed to Show the importance of bank regulation and the role of a central bank Econometrics Econometrics Banking Banking Banking Banking Banking Report; Portfolio, examination Report; Portfolio, examination Subject Specific Skills Outcome Students will be able to Evaluate theories of organisational behaviour, the operations of organisations and their methods of managing quality Assess the applicability of the theories studied to empirical studies of organisational behaviour, operations and quality management Evaluate cultural and post-structural perspectives on traditional theories of organsiational behaviour Relate the contribution of feminist perspectives to theoretical developments in organsiational behaviour Relate case studies of organisations to theories of organisations and their behaviour Integrate the theory and practice of operations and quality management and apply them in production and service contexts Identify and assess wider societal perspectives on quality and quality management such as the impact of ISO certification and Corporate Social Responsibility. Evaluate the tools and processes available for delivering quality in a contemporary business context Evaluate theories of finance and apply them to the analysis of investors Assess the effect of investment decisions and their effects on financial markets Module Organizational Organizational Organizational Organizational Organizational Operations and Quality Management Operations and Quality Management Operations and Quality Management Portfolio Choice Portfolio Choice Assessment, Assignment, Assignment, Assignment, Assignment, Assignment. Tutorial. Tutorial. Tutorial explain the distinction between insurance risk and 10

11 market risk, as identified by the ideal insurance, and use this distinction to price risky assets relate the price of an individual asset to its covariance with other assets and the market as a whole Evaluate theories of finance and apply them to the analysis of investors Assess the effect of investment decisions and their effects on financial markets Utilize data from a wide range of sources and work effectively with information technology Present written work based on the empirical analysis of financial data Assess the effect of investment decisions and their effects on financial markets Explain and analyse the importance of bank regulation and the role of a central bank Econometrics Econometrics Banking Banking Report; Portfolio; Unseen examination Report Key or transferable skills (including employability skills) Outcome Module Students will be able to Demonstrate an ability to collate, prepare, evaluate and Organizational disseminate a variety of types of material Develop ICT skills in utilising the KLE and using the Organizational Internet to access relevant module information Demonstrate effective skills in problem solving Econometrics Utilize data from a wide range of sources and work effectively with information technology Econometrics Present written work based on the empirical analysis of financial data Econometrics Evaluate and make use of abstract theories in analysing and resolving problems working alone and as a member Econometrics of a team Develop and sustain effective approaches to learning and study, including time management (meeting deadlines), creativity, and intellectual integrity Evaluate and make use of abstract theories in analysing and resolving problems working alone and as a member of a team Communicate complex arguments effectively supported by appropriate evidence both orally and in writing Econometrics Assessment Report, Portfolio, Report, Portfolio, Report, Portfolio, Report, Portfolio, Report, Portfolio, Portfolio, Portfolio, Demonstrate effective skills in problem solving Portfolio, Develop and sustain effective approaches to learning Portfolio, and study, including time management (meeting deadlines), creativity, and intellectual integrity Communicate complex arguments effectively supported Portfolio Choice Portfolio, by appropriate evidence both orally and in writing Demonstrate effective skills in problem solving Portfolio Choice Portfolio, Develop and sustain effective approaches to learning Portfolio Choice Portfolio, and study, including time management (meeting deadlines), creativity, and intellectual integrity Communicate complex arguments effectively supported Banking by appropriate evidence both orally and in writing Develop and sustain effective approaches to learning Banking 11

12 and study, including time management (meeting deadlines), creativity, and intellectual integrity Demonstrate effective skills in problem solving Banking YEAR 3 (FHEQ Level 6) In the third year, students deepen their understanding of business and management by looking in depth at the key areas of strategy and organisation and key case studies and current debates. Subject Knowledge Outcome Students will be able to Identify and explain the emergence of distinctive business cultures Critically evaluate what constitutes a business culture and how it can be defined and assessed, using contemporary literature on national and organisational culture Critically evaluate the impact of international business strategies on a given community, industry, region or nation state Explain and evaluate the impact of large business conglomerates on both established and developing business communities will be achieved by assessment Explain the principles in finance that can be used to design, guide and interpret activities in financial markets Explain and evaluate the net present value rule for investment decisions of a corporation Module Business Strategies Business Strategies Corporate Finance Corporate Finance Assessment Exercise,, Explain and critically assess how firms manage risks Corporate Finance Explain and evaluate the payment of dividends and Corporate Finance repurchasing of stock by firms Compare and critically assess the rationale for leasing Corporate Finance and buying Recognise, interpret and evaluate theories, concepts and Corporate Finance research at the forefront of defined areas of finance Critically evaluate a variety of model-based and theorybased Corporate Finance analytical methods Utilize a variety of mathematical skills to analyse Corporate Finance Investment behaviour in financial markets Explain the principles in finance that can be used to Options and Futures design, guide and interpret activities in financial markets Analyse and understand the role of derivative markets Options and Futures andtheir financial instruments Recognise, interpret and evaluate theories, concepts and Options and Futures research at the forefront of defined areas of finance Critically evaluate a variety of model-based and theorybased Options and Futures analytical methods Utilize a variety of mathematical skills to analyse Options and Futures Investment behaviour in financial markets Formulate data-analysis problems in a statistical framework, choose appropriate models to analyse financial data, and evaluate their key elements and properties Critically apply statistical models and methods to solve 12

13 practical problems in finance; evaluate statistical evidence; interpret the results of a statistical analysis critically on choices of model; and analyse results produced Recognise, interpret and evaluate theories, concepts and research at the forefront of defined areas of finance Explain the principles in finance that can be used to design, guide and interpret activities in financial markets Critically evaluate a variety of model-based and theorybased analytical methods Utilize a variety of mathematical skills to analyse Investment behaviour in financial markets Utilise and critically evaluate alternative concepts, theories and evidence in relation to the behaviour of international financial markets Recognise and assess effective arbitrage strategies across international markets Recognise, interpret and evaluate theories, concepts and research at the forefront of defined areas of finance Explain the principles in finance that can be used to design, guide and interpret activities in financial markets Critically evaluate a variety of model-based and theorybased analytical method Utilize a variety of mathematical skills to analyse Investment behaviour in financial markets Finance Finance Finance Finance Finance Finance, Coursework, Coursework, Coursework, Coursework, Coursework, Coursework Subject Specific Skills Outcome Students will be able to Critically evaluate what constitutes a business culture and how it can be defined and assessed, using contemporary literature on national and organisational culture Critically analyse and compare business cultures to assess what constitutes "success" in given cases Apply existing theoretical literature on business culture to a study of a distinctive case Critically compare differing ethical considerations of an international business strategy for a given society will be achieved by assessments Explain sources of difference in approach that lead to differences in policy recommendation Communicate ideas informed by contemporary research and new developments in business strategy and organization and finance both orally and in writing Critically evaluate alternative hedging strategies will be achieved by assessments Demonstrate the use of options and futures for speculative activity Critically apply statistical models and methods to solve practical problems in finance; evaluate statistical evidence; interpret the results of a statistical analysis critically on choices of model; and analyse results produced Module Business Strategies Corporate Finance Corporate Finance Options and Futures Options and Futures Options and Futures Assessment Exercise,, 13

14 Explain sources of difference in approach that lead to differences in policy recommendation Communicate ideas informed by contemporary research and new developments in business strategy and organization and finance both orally and in writing Describe and critically evaluate alternative empirical methodologies in applied finance will be achieved by assessments Explain sources of difference in approach that lead to differences in policy recommendation Communicate ideas informed by contemporary research and new developments in business strategy and organization and finance both orally and in writing Utilise various operations to provide cover against foreign exchange risk Analyse and evaluate arguments demonstrating the capacity to simplify and solve problems by modelling will be achieved by assessments Explain sources of difference in approach that lead to differences in policy recommendation Communicate ideas informed by contemporary research and new developments in business strategy and organization and finance both orally and in writing Options and Futures Options and Futures Finance Finance Finance Finance, Coursework, Coursework, Coursework, Coursework Key or transferable skills (including employability skills) Outcome Students will be able to Provide a practical insight to working internationally, including expatriation and managing culturally diverse organisations and teams Work productively in a largely unstructured context exercising initiative Module Assessment Make decisions and plan activity in uncertain and unpredictable contexts Undertake appropriate further training of an academic, professional or practical nature Communicate complex arguments and empirical findings in writing and orally Critically assess the implications of theoretical exhortations such as " internationalise!", "globalise!" for businesses and institutions. Work productively in a largely unstructured context exercising initiative Make decisions and plan activity in uncertain and unpredictable contexts Business Strategies Business Strategies Business Strategies Communicate complex arguments and empirical findings in writing and orally Business Strategies Enhance numeracy skills and problem solving skills Options and Futures Work productively in a largely unstructured context Options and Futures 14

15 exercising initiative Communicate complex arguments and empirical findings in writing and orally Make decisions and plan activity in uncertain and unpredictable contexts Work productively in a largely unstructured context exercising initiative Communicate complex arguments and empirical findings in writing and orally Make decisions and plan activity in uncertain and unpredictable contexts Utilise industry standard software to estimate empirical models in applied finance Work productively in a largely unstructured context exercising initiative Make decisions and plan activity in uncertain and unpredictable contexts Communicate complex arguments and empirical findings in writing and orally Make decisions and plan activity in uncertain and unpredictable contexts Utilize various mathematical skills and techniques to solve problems in international finance Work productively in a largely unstructured context exercising initiative Communicate complex arguments and empirical findings in writing and orally Options and Futures Corporate Finance Corporate Finance Corporate Finance Finance Finance Finance Finance, Coursework, Coursework, Coursework, Coursework Awards 1. Honours Degree (360 credits). To be awarded a Dual Honours Degree in Business and Finance a student normally requires a total of at least 360 credits. 2. Where Finance is taken as a Principal subject a student must obtain at least 120 credits in Finance and 120 credits in Business over the course of their three years of study. Students must obtain at least 30 credits in Finance and 30 in Business at each level of study. 3. Diploma in Higher Education (240 credits). To be awarded a Diploma in Higher Education a student requires a total of at least 240 credits. Of these 240 credits at least 120 must be obtained at Level 5 (Year 2) or higher. 4. Certificate in Higher Education (120 credits). To be awarded a Certificate in Higher Education a student requires a total of at least 120 credits at Level 4 (Year 1) or higher. How is the Programme assessed? The function of the assessments listed in the table above is to test students' attainment of the learning outcomes of the Business and Finance Programme. For example: Unseen closed book examinations in different formats test students' knowledge of key concepts, ideas and research and their ability to apply that knowledge responsibly in understanding social problems. inations may consist of essay, short answer and/or multiple choice questions. 15

16 s, including those based on case study material, also test the quality and application of subject knowledge. In addition they allow students to demonstrate their ability to carry out basic bibliographic research and to communicate their ideas effectively in writing in an appropriate scholarly style using the Harvard system of referencing. Exercises, test a students ability to frame and solve analytical and numerical questions. They demonstrate student competence and familiarity with a range of mathematical techniques. Class tests taken either conventionally or online via the Keele Virtual Learning Environment (KLE) assess students subject knowledge and their ability to apply it to problems in a structured and focused way. Short research papers test students knowledge of different research methodologies. They also enable students to demonstrate their ability to formulate research questions and to answer them using an appropriate strategy. Oral and poster presentations and reports assess students subject knowledge and understanding. They also test their ability to work effectively as members of a team, to communicate what they know orally and visually, and to reflect on these processes as part of their own personal development. Portfolios may consist of a range of different pieces of work but routinely include a requirement that students provide some evidence of critical reflection on the development of their own learning. Computer Laboratory Report tests a students ability explore a data set, estimate an appropriate empirical model, compare alternative estimated models and relate the results to the economy at large. To complete the report students will need to plan methodically, analyse statistical information, draw conclusions and decide on the next step for analysis. They will develop many skills (writing, problem solving and analytical skills etc), all of which are important for a capable graduate. Marks are awarded for summative assessments designed to assess students' achievement of learning outcomes. Students are also assessed formatively to enable them to monitor their own progress and to assist staff in identifying and addressing any specific learning needs. Formative assessment is not formally marked or moderated. Formative assessment occurs throughout the programme and provided with extensive feedback - on both the quality of their academic work and the development of their subject knowledge and understanding. Feedback, including guidance on how students can improve the quality of their work, is provided on all summative assessments and more informally in the course of tutorial and seminar discussions. What are the typical admission requirements for the Programme? SEGI set policies and procedures for the recruitment and admission of applicants to the programme and these must be consistent with the policies and procedures operated by Keele University. SEGI assess all applicants and take responsibility for ensuring that each student applying to join the programme is of suitable academic standing and meets entry requirements as stipulated by Keele University. In addition to the University s general entry requirements, the tariff points needed to study Business and Finance are likely to fall in the point range. GCSE Mathematics grade B or above is required. Keele welcomes applications from students with qualifications other than A-levels and where students do not meet the requirements SEGI are able to make a case to Keele for admission on 16

17 the basis of the individual application. Admission to the programme is subject to a satisfactory level of English Language proficiency and attainment of an IELTS score of 6.5 overall or equivalent. Students can also progress onto Level 2 of the programme through successful completion of the SEGI Foundation Diploma Programme. How are students supported on the Programme? Support for student learning on the Programme is provided in the following ways: Module and tutorial group leaders are responsible for providing support for learning on the modules and in the tutorial groups. They also give individual feedback on incourse assessments and more general feedback on examinations. The learning resources available to students on the Programme include: The extensive collection of business and management materials relevant to undergraduate study held in the SEGI Library. Built up over an extensive period of delivering the subject at this level, these materials include books, journals and government publications. Much of this material is also accessible online to Keele students from anywhere in the world with a University username and password. The Keele Learning Environment (KLE) which provides easy access to a wide range of learning resources including lecture notes, electronic materials available in a repository maintained by the University Library. Quality management and enhancement The Undergraduate Business Programme Director is responsible for the overall direction of learning and teaching on the Programme supported by the Business Programmes Board. The Programmes Board consists of student representatives plus all members of staff teaching on undergraduate and taught postgraduate programmes in Business. The quality and standards of learning in Business are subject to a continuous process of monitoring, review and enhancement. The Learning and Teaching Committee of the Keele Management School is responsible for reviewing and monitoring quality management and enhancement procedures and activities across the School. Individual modules and the BusinessProgramme as a whole are reviewed and enhanced every year as part of the University's Curriculum Annual Review and Development (CARD) process. The Programme is run in accordance with the standards set out in the University's Statutes, Ordinances and Regulations and UK Quality Code for Higher Education and is subject to review of its compliance by the University and externally by the Quality Assurance Agency for Higher Education. Student evaluation of, and feedback on, the quality of learning in Business takes place in several ways: The results of student evaluations of all modules are reported to module leaders and reviewed by the Programmes Board as part of the Curriculum Annual Review and Development (CARD) process referred to earlier. Findings related to the Business Principal Programme from the annual National Student Survey (NSS), and from regular surveys of the 17

18 student experience conducted by both Keele and SEGi, are subjected to careful analysis and a planned response at Programme and School level. Feedback received from representatives of students in all three years of the Business Principal Programme is considered and acted on at regular meetings of the Programme's Staff/Student Liaison Committee. In addition to this, the quality and standards of learning are regularly discussed and monitored by the Business Programmes Board and by the School Learning & Teaching Committee. Two senior members of academic staff from other universities are appointed by the University's Senate to act as external examiners on the Business Principal Programme. They are responsible for: Approving all examination questions Confirming all marks which contribute to a student's degree Reviewing and giving advice on the structure and content of the Programme and assessment procedures. External examiners see all work marked internally as a 'fail', or 'first class' standard or on the borderline between two classes (e.g. between a '2:1' and a '2:2'). They also see work when there is substantial disagreement between internal markers and moderate a sample of work from all modules in Years 2 and 3. Each year External iners report their findings to the University and Programme Boards are required to respond. The principles of programme design The Business Principal Programme described in this document has been drawn up with reference to, and in accordance with the guidance set out in, the following documents: Programme Specification Template: Undergraduate, Keele University, Guidelines for preparing programme specifications, Quality Assurance Agency for Higher Education, Part A: Setting and maintaining threshold academic standards, Chapter A3: The programme level, The framework for higher education Qualifications in England, Wales and Northern Ireland, Quality Assurance Agency for Higher Education, Part A: Setting and maintaining threshold academic standards, Chapter A2: The subject and qualification level, Subject Benchmark Statement: General Business and Management, Quality Assurance Agency for Higher Education, Learning and Teaching Strategy , Keele University, Programme Version History Version History Date CHANGES / NOTES Date first created (if known) MJB Date last reviewed / revised Last reviewed by? Name Date last approved at SLTC Date last approved at FLTC 18