Brochure - MSc
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Transcript of Brochure - MSc
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Financial Risk ManagementFinancial Risk ManagementFinancial Risk ManagementFinancial Risk Management
This module attempts to bring into perspective risk management from management of individuals to enterprise risk management (ERMP). Financial markets offer methods of hedging risks and leveraging risks and they range from global equity markets to markets for numerous exchange traded and over the counter derivatives instruments such as futures options, to relate to these instruments and markets to methods or risk management. Since in todays finance financial markets are global, this module will cover instruments and methods that are available throughout the world for private investors and issuers, firms, and individual and institutional investors
Taxation This module introduces participants to a range of
taxation theories and application of organization and
administration of taxation in Jamaica. Key areas will
include: Jamaicas Income Tax act, double taxation,
provisions concerning contracts, assessment and
appeal process, comparative tax systems, compliance
and non-compliance consequences, tax reform,
planning, general consumption tax and the role of
the financial investigations divisions.
Human Resource Management This module analyzes the organizational issues
arising from the management of human resources as
well as labor relations and emerging issues. It begins
by considering the extent to which the terms of the
debate on managing employees have shifted in
recent years, largely driven by key changes in the
economic, political, social and legal environment.
The main objective will be to study key topics in
sufficient depth to be able to study key topics in
implications for organizations and workers, including
relationship between human resource and labor
relations decisions/policies and broader
organizational strategies.
Duration: 18 months part-time
*Please note that at least seven (7) persons need to choose an elective for it to be delivered.
Course Structure
Specializations
Investment International Banking Financial Markets and Institutions
Financial Risk Management
Investment & Portfolio Management
Taxation
Human Resource Management
International Monetary Economics
International Bank Management
Financial Risk Management
Taxation
Human Resource Management
Grading Scheme
Grade Percentage Grade Point Average A 90 100 4.0 A- 80 89 3.7 B+ 75 79 3.3 B 70 74 3.0 B- 65 69 2.7
For further information please contact: Mr. Traverse Francis or Mr. Dwight McMorris
Tel: Tel: Tel: Tel: 927927927927----9704, 5129704, 5129704, 5129704, 512----2222602602602602 Fax: 9Fax: 9Fax: 9Fax: 927272727----5637563756375637
Email: Email: Email: Email: [email protected]@[email protected]@utech.edu.jm [email protected]@[email protected]@utech.edu.jm
UNIVERSITUNIVERSITUNIVERSITUNIVERSITYYYY OF TECHNOLOGY, OF TECHNOLOGY, OF TECHNOLOGY, OF TECHNOLOGY,
JAMAICAJAMAICAJAMAICAJAMAICA
FACULTY OF BUSINESS FACULTY OF BUSINESS FACULTY OF BUSINESS FACULTY OF BUSINESS AND AND AND AND
MANAGEMENTMANAGEMENTMANAGEMENTMANAGEMENT
MASTER OF MASTER OF MASTER OF MASTER OF SCIENCE SCIENCE SCIENCE SCIENCE
IN FINANCE IN FINANCE IN FINANCE IN FINANCE
(MSc Finance)(MSc Finance)(MSc Finance)(MSc Finance)
COURSE OUTLINECOURSE OUTLINECOURSE OUTLINECOURSE OUTLINE
Design The M. Sc .Finance course of study consists of 12 modules comprised of 8 core courses, 4 electives in two areas of specializations. The concentration areas are International Banking and Investment. Persons who are required to pursue remedial courses will do them in addition to the MSc Finance courses. The modules will be taught in the evenings, during weekends and in two blocks of four to five days in the summer. State-of-the-art, modern day trading strategies will be incorporated in the programme to enhance the capabilities of the finance graduate.
Core Curriculum The M. Sc. Finance course of study begins with an intense, core curriculum. Over the first semester term, participants will master fundamental techniques in financial statement analysis, financial modeling, stock and firm valuation, statistical analysis, regression analysis, and time series analysis. Moving beyond the traditional lecture format, participants will practice techniques through software applications during regular class meetings and in weekly review and practice sessions during which they will learn extensive applications of techniques with widely-used software packages and real data.
Core Courses Quantitative Methods of Finance This module develops the skills and perspectives of
using quantitative techniques to gain insights into the
resolution of practical business problems.
Methodologies incorporate decision analysis,
including decision trees, decision criteria, value of
information, risk attitude, Monte Carlo simulation,
multiple regression, models for modeling
relationships, including time series models and
forecasting; and optimization models, including
linear, nonlinear, and integer programming
applications in marketing, finance and other fields.
The emphasis is on model formulation in a
spreadsheet environment and the interpretation of
results, rather than mathematical theory.
Commercial Bank Management This module is structured around the theme of
Commercial Bank Management in a rigid changing
regulatory and economic environment. Topics to be
Semester I Sept. 2008
Credits Semester II Jan 2009
Credits
Quantitative Methods of Finance
Finance and Professional Ethics
Commercial Bank Management
3
3
3
Financial Modeling
Multi-National Financial Management
Small & Medium Enterprise Financing
3
3
3
Summer (Semester III) Summer (Semester IV)
Strategic Marketing
Corporate Strategy
3
3
Concentration
Concentration
3
3
Semester V Semester I (Jan 2010) Concentration
Concentration
3
3
Research Methodology/ Project*
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covered include banking trends and competition;
performance analysis; merger and acquisition;
interest rate risk management; credit analysis;
liquidating planning; instrument portfolio analysis;
the use of balance sheet instruments and activities
and capital management. Both domestic and
international banking activities will be examined.
Finance and Professional Ethics This module explores the ethical responsibilities that
managers and other professionals have to contend
with in their firms, with their customers, employees
and communities. Topics will include: Legal, ethical,
philanthropic and economic responsibilities of
corporate leaders, framework required to make
ethical decisions in todays environment and the
influence of corporate culture, including leadership,
power and motivation on business ethics in the
workplace.
Multi-National Financial Management This module provides a background on the
international environment and focuses on decision
making in an international context. All aspects of
corporate finance including working capital
management, capital budgeting, cost of capital and
financial structure are explored. However, this
module is done from the perspective of a multi-
national corporation, concentrating on those
elements that are rarely ever encountered by
domestic firms. Topics include: multiple concerns
with foreign exchange rate changes and varying rates
of inflation, multiple money markets, tax systems,
segmented capital markets and political risks, such as
naturalization and expropriation.
Corporate Strategy Corporate strategy focuses on the strategy
formulation and implementation by exploring the
functions and nature of general management. This
course serves to develop skills for strategic thinking
and analysis, leadership, communication,
environmental scanning, strategy formulation,
teamwork, corporate social responsibility,
transformational management and cross-functional
integration.
Strategic Marketing This module examines the process of strategic
marketing management and considers its role within
organizations. It presents the fundamentals of the
marketing concept and considers the relationship
between the marketing concept and other concepts
such as innovation and entrepreneurship. The
course considers tools and methods used to examine
marketing environments, understand consumer and
organizational buying behaviour, marketing decisions
in global markets, ethics in strategic marketing
decisions, segment marketing and position products.
Financial Modeling This module is designed to provide participants with
a conceptual framework and a set of technical tools
for making corporate investment decisions. The
focus will be maximizing the value of the firm.
Various ethical issues will be highlighted throughout
the course.
Emphasis is placed on understanding and critiquing
financial decision making. Topics include corporate
finance models, portfolio models, investment
analysis, financing decisions, dividend policy
valuation principles and practices, acquisition and
takeovers, the link between valuation and corporate
finance.
Small & Medium Enterprise Financing This module is intended to provide aspiring
entrepreneurs with knowledge and information to
enable them to start and run a small business. The
module covers among other things, the decision to
go into business for ones self, the preparation
needed, the methods of launching the business, and
management functions involved in operating the
business.
Investment Taxation and any other three courses
Taxation This module introduces participants to a range of
taxation theories and application of organization and
administration of taxation in Jamaica. Key areas will
include: Jamaicas Income Tax act, double taxation,
provisions concerning contracts, assessment and
appeal process, comparative tax systems, compliance
and non-compliance consequences, tax reform,
planning, general consumption tax and the role of
the financial investigations divisions. Financial Markets and Institutions This module is designed to provide participants with
an introduction to financial markets and the role of
financial intermediaries in these markets. Emphasis
will be upon the objectives and plans of financial
intermediaries, the regulations availability, financial
markets and instruments, and non-bank financial
institutions including credit unions, finance
companies, insurance companies, pension funds,
mutual funds, and government financial institutions.
Financial Risk Management This module attempts to bring into perspective risk management from management of individuals to enterprise risk management (ERMP). Financial markets offer methods of hedging risks and leveraging risks and they range from global equity markets to markets for numerous exchange traded and over the counter derivatives instruments such as futures options, to relate to these instruments and markets to methods or risk management. Since in todays finance financial markets are global, this module will cover instruments and methods that are available throughout the world for private investors and issuers, firms, and individual and institutional investors Investment & Portfolio Management.Investment & Portfolio Management.Investment & Portfolio Management.Investment & Portfolio Management.
Investment Analysis and Portfolio Management
covers both modern investment and portfolio theory
and traditional approaches to investment selection
and management. Modern theory includes the
examination of asset pricing models, behavioral
finance theory and practice and efficient market
hypothesis. In addition to traditional approaches to
stock and bond selection such as fundamental
analysis and technical analysis, the module will also
explore the characteristics of mutual funds. Current
topics, such as options, futures and other financial
derivatives, are also explored.
Human Resource ManagementHuman Resource ManagementHuman Resource ManagementHuman Resource Management
This module analyzes the organizational issues
arising from the management of human resources as
well as labor relations and emerging issues. It begins
by considering the extent to which the terms of the
debate on managing employees have shifted in
recent years, largely driven by key changes in the
economic, political, social and legal environment.
The main objective will be to study key topics in
sufficient depth to be able to study key topics in
implications for organizations and workers, including
relationship between human resource and labor
relations decisions/policies and broader
organizational strategies.
Credit AnalysisCredit AnalysisCredit AnalysisCredit Analysis
This module deals with the theoretical and practical
approaches to effective credit analysis, credit
financial markets, macroeconomic and credit risk
portfolio models and credit risk management, and
strategic capital allocation are examined for decision
making purposes. The module further examines the
importance of default risk, quantitative
methodologies, yield spreads, structured products,
credit derivatives and regulation. Various national
and international issues are included in the module.
International Banking Taxation and any other three courses
International Monetary EconomicsInternational Monetary EconomicsInternational Monetary EconomicsInternational Monetary Economics
This module presents international monetary economics theory and applies toward gaining an understanding of recent events and current policy issues. The theory prescribed in this module covers a broad range of topics including exchange rate determination monetary and fiscal policy in an open economy, balance of payment crises, the choice of exchange rate systems and their advantages and disadvantages, currency unions and international debt. The insights provide by these theoretical framework will enable participants to discuss topics such as US/Jamaica current account deficits, the single currency in Europe, the Asian, Jamaica and Latin America financial crises, global financial imbalances, government intervention, the foreign exchange market and the reliance of debt crises and its aftermath. International Bank Management This module focuses on providing students with an
understanding of the operating environments of
international banking institutions. Topics covered
are: structure and functions of the international
bank, the major function of international banking,
international investment banking, Offshore Financial
Centres, Bank crashes, Supervision and Regulation,
Risk Management, Money Laundering, Derivatives,
country risk and Global Debt cruses and emerging
trends in Global Banking.
Financial EconomicsFinancial EconomicsFinancial EconomicsFinancial Economics
This course prides an introduction to financial
economics at the Masters level. It begins by
introducing asset pricing theory. The classical results
in portfolio selection and asset pricing theory with
the mean-variance paradigm are presented. The
following are discussed: Arbitrage and Optimality,
Asset Pricing, Portfolio Theory, CAPM
Consumption CAPM, Corporate finance, Dividend
Policy, Capital Structure and the Cost of Capital,
Market Efficiency, Constant Expected Returns,
Behavioral Finance