PROGRAMME SPECIFICATION PART 1: COURSE ......Page 1 of 20 September 2015 PROGRAMME SPECIFICATION...

of 20 September 2015

PROGRAMME SPECIFICATION

Course summary

Final award BSc(Hons) Finance and Investment

Intermediate award BSc Finance and Investment, Dip He Finance and Investment, Cert He, Finance and Investment.

Course status Validated

Awarding body University of Brighton

Faculty Brighton Business School

School Brighton Business School

Location of study/ campus Moulsecoomb

Partner institution(s)

Name of institution Host department Course status

1. SELECT

2.

3.

Admissions

Admissions agency UCAS

PART 1: COURSE SUMMARY INFORMATION


Entry requirements Include any progression opportunities into the course.

Applicable for 2015 entry. Check the University’s website for 2016 entry requirements.

Typical Entry requirements

BBC at "A" level or Equivalent (excluding General Studies)

Or

National Diploma

DMM Plus:

GCSE: Maths and English Language at Grade C or above

For non-native speakers of English : English Language Requirement: IELTS 6 (with minimum 6 in writing and 5.5 in other elements), CAE Grade C, or TOEFL: 233 (computer), 575 (paper) or 89 (internet based) with appropriate written scores as applicable for overseas applicants.

OR

International Baccalaureate: 28 points with 16 at Higher level. Applicants without English Language will need to gain a min grade 4 in HL English or a min grade 5 in SL English on IB.

OR

via Access or other progression agreements approved by Brighton Business School and the University of Brighton

OR Other: Mature, 21 years or over, applicants without the above qualifications should be able to show an ability to benefit from the course by, for example, work or professional experience. All mature applicants are considered on an individual basis.

Start date (mmm-yy) Normally September

Sept -16

Mode of study

Mode of study Duration of study (standard)

Maximum registration period

Full-time 3 years 8

Part-time NA NA

Sandwich 4 years 10 years

Distance NA NA

Course codes/categories

UCAS code N390

Contacts

Course Leader (or Course Development Leader)

Dr Ray Bachan


Admissions Tutor Moulsecoomb admissions team

Examination and Assessment

External Examiner(s)

Name Place of work Date tenure expires

Mr Christopher Hull St Mary’s University College

01/12/2016

Prof Christopher Ashford

Northumbria University 30/09/2019

Prof Mike Page University of Portsmouth

30/09/2016

Dr Mark Rhodes University of Hull 30/09/2019

Dr Sheikh Selim University of Westminster

01/01/2017

Ms Iwi Ugiagbe-Green

Leeds Beckett University

30/09/2018

Examination Board(s) (AEB/CEB)

UG AFL programmes examination/award board

Approval and review

Approval date Review date

Validation May 20071 March 2017

Programme Specification Sept 162

Q&S Draft (QA) June 2016

Sept 173

Professional, Statutory and Regulatory Body 1 (if applicable): Association of Chartered Certified Accountants (ACCA)

4

Professional, Statutory and Regulatory Body 2 (if applicable): Association of International Accountants (AIA)

4

1 Date of original validation.

2 Month and year this version of the programme specification was approved (normally September).

3 Date programme specification will be reviewed (normally approval date + 1 year). If programme specification is

applicable to a particular cohort, please state here. 4

Date of most recent review by accrediting/ approving external body.


AIMS AND LEARNING OUTCOMES

Aims The aims of the course are:

To provide an intellectually rigorous and professionally relevant educational experience for those wishing to be employed in financial and investment institutions or institutions that support, regulate or analyse financial markets or processes and to provide a focused education with academic rigour, professional relevance and an understanding of professional best practice based on the core principals of finance and investment.

To provide students with a sound grounding in the principles of finance and investment and enable them to apply these to a broad range of international economic, financial and investment problems.

Learning outcomes The outcomes of the main award provide information about how the primary aims are demonstrated by students following the course. These are mapped to external reference

points where appropriate5.

Knowledge and theory On completion of study, a student should be able to demonstrate:

1) An understanding of financial institutions and financial markets,

their role, function and operation, drawing upon the disciplines of economics, finance and law and having regard to the appropriate financial and quantitative techniques.

2) Knowledge and understanding of contemporary theories and

applications in finance and investment and the ability to critically evaluate such theories and practice.

3) Knowledge and understanding of current practices in finance

and investment, as well as a recognition of way that regulatory regimes affect the pricing and, measurement of financial instruments as well as the disclosure of information.

4) Knowledge of the quantitative and computing techniques

required to support the analysis of financial and investment theory and practice. The ability to use software like excel, Eviews, Reuters Eikon and R to retrieve and analyse financial and economic information.

5) Knowledge of the way that financial markets and investment

decisions are influenced by the environment within which these markets operate, in particular, the economic, legal, tax, regulatory and political environment.

6) Knowledge and understanding of the problems associated with

investment decisions, the raising of finance, the management of financial resources and an appreciation of risk and

5 Please refer to Course Development and Review Handbook or QAA website for details.

PART 2: COURSE DETAILS


uncertainty.

7) Knowledge and understanding of the relationship between

financial theory and empirical testing, including the use of mathematical and econometric knowledge to appraise empirical evidence and recognise its limitations.

Skills Includes intellectual skills (i.e. generic skills relating to academic study, problem solving, evaluation, research etc.) and professional/ practical skills.

On completion of study, a student should be able to demonstrate:

1) A capacity for critical evaluation of arguments and evidence

and to be able to apply particular skills and ideas to a variety of circumstances and a range of problems.

2) The ability to locate, extract and analyse information from

multiple sources and to be able to acknowledge and reference these sources.

3) The ability to manage their own research and work

independently as well as being able to function as part of a team.

4) The skills that will enable complex ideas to be presented orally

or in writing.

5) The ability to manage and present economic and financial data

in way that aids communication as well as an understanding of appropriate statistical techniques.

QAA subject benchmark statement (where applicable)6

Finance 2007.

PROFESSIONAL, STATUTORY AND REGULATORY BODIES (where applicable)

Where a course is accredited by a PSRB, full details of how the course meets external requirements, and what students are required to undertake, are included.

Accredited by the Association of Chartered Certified Accountants (ACCA) for the purpose of exemptions from some professional examinations.

Accredited by the Association of International Accountants (AIA) for the purpose of exemption from some professional examinations.

ACCA allow the following exemption for BSc. Finance and Investment students: Knowledge (papers F1, F2 and F3). Students taking the ‘Taxation’ (FA362) option at level 6 would also get exemption from F6.

CII allow the following exemptions: for the Financial Services qualification framework, 30 non unit specific credits at Advanced Diploma Level plus 25 non unit specific credits at Diploma Level; for the Insurance qualification framework, 25 non unit specific credits at Diploma plus unit 530 Business and Economics.

6 Please refer to the QAA website for details.


LEARNING AND TEACHING

Learning and teaching methods This section sets out the primary learning and teaching methods, including total learning hours and any specific requirements in terms of practical/ clinical-based learning. The indicative list of learning and teaching methods includes information on the proportion of the course delivered by each method and details where a particular method relates to a particular element of the course. The information included in this section complements that found in the Key Information Set (KIS), with the programme specification providing further information about the learning and teaching methods used on the course. All modules will involve a combination of taught sessions and guided independent study. For a typical double module, approximately a quarter of the 200 hours comprises taught sessions (2 hours per week for a 20 credit module running throughout the year). The remainder is guided independent study (which includes all work for assessment e.g. coursework and examination preparation).

ASSESSMENT

Assessment methods This section sets out the summative assessment methods on the course and includes details on where to find further information on the criteria used in assessing coursework. It also provides an assessment matrix which reflects the variety of modes of assessment, and the volume of assessment in the course. The information included in this section complements that found in the Key Information Set (KIS), with the programme specification providing further information about how the course is assessed.

The primary assessment methods across core modules are:

Examinations: demonstration of knowledge, understanding and ability to apply knowledge.

Reports, Essays and Projects (Group based/Individual): demonstration of independent research skills, evaluation/analytical skills, project management and written communication skills (this includes presentations on all levels - shown in appendix 3)

Seminar based assessment: demonstration of knowledge, analytical ability and verbal communication skills.

Other: including reflective study.


SUPPORT AND INFORMATION

Institutional/ University

All students benefit from: University induction week Student contract Course Handbook Extensive library facilities Computer pool rooms (98 workstations in Mithras House Annexe) E-mail address Welfare service Personal tutor for advice and guidance

Course-specific Additional support, specifically where courses have non- traditional patterns of delivery (e.g. distance learning and work- based learning) include:

Use of Reuters Eikon financial information system Eviews econometric package Rothman Interactive Trader (RIT) trading simulation R software with a number of packages, including investment analysis package (quantmod) CQG charting software


Financial Accounting

30

Corporate Analysis

20

Investment

Management 20

COURSE STRUCTURE

This section includes an outline of the structure of the programme, including stages of study and progression points. Course Leaders may choose to include a structure diagram here.

BSc(Hons) Finance and Investment

Level 4 Level 5 Level 6

Core Core Core

120 120 120

PART 3: COURSE SPECIFIC REGULATIONS

Introduction to Finance

30

Finance and Risk

Management

20

Advanced Treasury

Risk Management

20

Academic and Professional

Skills

20

Investment Case Study

20

Elective 1*

20

Professional Practice

20

Elective 2

20

BSc(Hons)

Finance and

Investment

Economics

20

International Financial

Economics

20

Applied Financial

Techniques

20

Financial Skills

20

Monetary Economics: Theory and

Policy

20

Economic & Legal

Regulation

20

Op

tion

al P

lac

em

en

t ye

ar in

ind

ustry


Status:

M = Mandatory (modules which must be taken and passed to be eligible for the award)

C = Compulsory (modules which must be taken to be eligible for the award)

O = Optional (optional modules)

A = Additional (modules which must be taken to be eligible for an award accredited by a professional, statutory or regulatory body, including any non-credit bearing modules)

Level7 Module code

Status Module title Credit

4 FA183 C Financial Accounting 30

4 FN162 C Introduction to Finance 30

4 EC161 C Economics 20

4 FN142 C Financial Skills 20

4 ML150 C Academic and Professional Skills 20

5 FN282 C Finance and Risk Management 20

5 CA273 C Investment Case Study 20

5 EC271 C International Financial Economics 20

5 EC284 C Monetary Economics: Theory and Policy 20

5 FA284 C Corporate Analysis 20

5 ML211 C Professional Practice 20

Core Modules

6 FN362 C Advanced Treasury Risk Management 20

6 FN369 C Investment Management 20

6 EC387 C Applied Financial Techniques 20

6 EC317 C Economic and Legal Regulation 20

Placement Students

6 DB319 O Placement Project 20

Specialist Optional Modules

6 DB361 O Dissertation 20

6 EC388 O Financial Econometrics 20

6 EC366 O Behavioural Economics 20

6 FN380 O International Finance 20

6 EC364 O Game Theory in Economics, Finance and Business 20

6 FA362 O Taxation 20

6 ST372 O Applied Strategy 20

7 All modules have learning outcomes commensurate with the FHEQ levels 0, 4, 5, 6, 7 and 8. List the level which

corresponds with the learning outcomes of each module.

AWARD AND CLASSIFICATION

Award type Award* Title Level Eligibility for award Classification of award

Total credits8 Minimum credits9

Ratio of marks10: Class of award

Final BSc(Ho ns)

Finance and Investment 6 Total credit 360 Minimum credit at level of award Select

Levels 5 and 6 (25:75) Honours degree

Intermediate BSc Finance and Investment 6 Total credit 300 Minimum credit at level of award Select

Levels 5 and 6 (25:75) Not applicable

Intermediate DipHE Finance and Investment 5 Total credit 240 including 120 at level 5.

Minimum credit at level of award Select

Level 5 marks Not applicable

Intermediate CertHe Finance and Investment 4 Total credit 120 at level 4.

Minimum credit at level of award Select

Level 4 marks Not applicable

Select Select Total credit Select Minimum credit at level of award Select

Select Not applicable

*Foundation degrees only Progression routes from award:

Award classifications Mark/ band % Foundation degree Honours degree Postgraduate11 degree (excludes PGCE and BM BS)

70% - 100% Distinction First (1) Distinction 60% - 69.99% Merit Upper second (2:1) Merit 50% - 59.99%

Pass Lower second (2:2) Pass

40% - 49.99% Third (3)

8 Total number of credits required to be eligible for the award.

9 Minimum number of credits required, at level of award, to be eligible for the award.

10 Algorithm used to determine the classification of the final award (all marks are credit-weighted). For a Masters degree, the mark for the final element (e.g., dissertation) must be in the corresponding

class of award. 11

Refers to taught provision: PG Cert, PG Dip, Masters.

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EXAMINATION AND ASSESSMENT REGULATIONS

Please refer to the Course Approval and Review Handbook when completing this section.

The examination and assessment regulations for the course should be in accordance with the University’s General Examination and Assessment Regulations for Taught Courses (available from staffcentral or studentcentral).

Specific regulations which materially affect assessment, progression and award on the course E.g. Where referrals or repeat of modules are not permitted in line with the University’s General Examination and Assessment Regulations for Taught Courses.

In line with the previous Programme Specification, normally no referrals at Level 6 will be allowed.

Exceptions required by PSRB These require the approval of the Chair of the Academic Board

Normally a pass mark of 40%, minimum of 35% threshold.

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Appendix to Programme Specifications Mapping of Assessment Methods on Core Modules

Assessment: BSc(Hons) Finance and Investment

Level 4

FA

183

: F

ina

ncia

l A

cco

un

tin

g

FN

162

: In

tro

du

cti

on

to

Fin

an

ce

FN

142

: F

ina

ncia

l S

kills

EC

161

: E

co

no

mic

s

ML

15

0:

Ac

ad

em

ic a

nd

Pro

fess

ion

al S

kills

Level 4- Looking for a balance:

o Individual and group

o Academic and business

writing

o Verbal and written

assessments

o Application and theory

o Recall and use

Learning to be a student:

Introduction to using literature,

learning subject fundamentals,

learning to apply techniques,

learning to be independent,

becoming effective presenters,

becoming team players

CATS 30 30 20 20 20

Assessment

Individual

Assignment

Group

Assignment

Report

Essay

Exam

Exercise

Presentation

Portfolio

of 20

Level 5

FA

284

: C

orp

ora

te A

naly

sis

FN

282

: F

ina

nc

e a

nd

Ris

k M

gt

EC

271

: In

t’l

Fin

an

cia

l E

co

no

mic

s

EC

284

: M

on

eta

ry E

co

no

mic

s

CA

273

: In

ve

stm

en

t C

ase

Stu

dy

ML

21

1:

Fin

an

cia

l a

nd

Pro

fess

ion

al S

kills

Level 5- Looking for a balance

plus at least one each of:

o Case Study

o Proposal

o Literature Review

o Research design

Developing use of literature,

learning to test ideas,

becoming competent

practitioners, learning to

synthesise ideas from different

subject/ topic areas,

professional presenters,

effective team workers

CATS 20 20 20 20 20 20

Assessment

Individual

Assignment

Group Assignment

Report

Essay

Exam

Exercise/Build

Presentation

Case Study

Proposal

Literature activity

Research Design

Portfolio

of 20

Level 6

FF

N3

69

: In

ve

stm

en

t

Ma

na

ge

me

nt

FN

362

: A

dva

nc

ed

Tre

as

ury

Ris

k M

an

ag

em

en

t

EC

317

: E

co

no

mic

an

d L

eg

al

Re

gu

lati

on

EC

387

: A

pp

lie

d F

ina

nc

ial

Tec

hn

iqu

es

(D

eali

ng

Ro

om

)

Op

tio

na

l M

od

ule

s

Level 6- Looking for a balance

to ensure mostly individual

work

Sound knowledge base,

confident users of literature,

researchers, critical thinkers,

innovators/ problem solvers/

creative thinkers, self –aware

professionals

CATS 20 20 20 20 40

Assessment

Individual

Assignment

Group Assignment

Report

Essay

Exam

Exercise/Build

Presentation

Case Study

Proposal

Research Project

Portfolio

BS

c(H

on

s) F

ina

nce a

nd

Inves

tmen

t – P

artia

lly S

atis

fyin

g Q

AA

Su

bje

ct B

en

ch

mark

s fo

r SIN

GL

E H

on

ou

rs in

Fin

an

ce

Su

bje

ct s

pecific

kn

ow

led

ge a

nd

sk

ills: O

n c

om

ple

tion o

f a d

egre

e

covere

d b

y th

is s

ub

ject b

en

chm

ark

sta

tem

ent, a

stu

de

nt s

hou

ld

norm

ally

have th

e fo

llow

ing

subje

ct-s

pecific

kno

wle

dge

and

skills

.

FA183

Financial Accounting (30)

FN162 Introduction to Finance(30)

EC161 Economics (20)

FN142 Financial Skills (20)

ML150 Academic and Professional

Skills (20)

FA284 Corporate Analysis (20)

FN282 Finance and Risk Management

(20)

EC271 International al Financial

Economics (20)

EC284 Monetary Economics (20)

ML211 Financial and professional skills

(20)

CA273 Investment Case Study Analysis

(20)

FN369 Investment Management (20)

FN362 Advanced Treasury Risk

Management (20)

EC317 Economic and Legal

Regulation (20)

EC387 Applied Financial Techniques

(Dealing Room) (20)

Options (40)

Ap

pen

dix

- Ma

pp

ing

of C

ou

rse L

ea

rnin

g O

utc

om

es to

QA

A B

en

ch

mark

s

Pag

e 1

5 o

f 20

of 20

An appreciation of the nature of the contexts in which finance can be

seen as operating, including knowledge of the institutional framework

necessary for understanding the role, operation and function of markets

and financial institutions (e.g. the economic, legal, regulatory and tax

environment, both national and international; the firm; the capital

markets and the public sector).

X

X

X

X

X

X

X

X

X

X

X

X

A knowledge of the major theoretical tools and theories of finance, and

their relevance and application to theoretical and practical problems

(e.g. concept of arbitrage and examples of its use; financial

mathematics and capital budgeting criteria; informational efficiency;

optimal risk sharing; portfolio theory; asset pricing models and the

valuation of securities; cost of capital; derivative pricing; risk

management; information asymmetry; principal agency relationships;

signalling; Fisher separation and capital budgeting criteria; behavioural

finance; term structure and the movement of interest rates;

determination of exchange rates and financial intermediation).

X

X

X

X

X

X

X

X

X

X

X

X

X

An ability to interpret financial data including that arising in the context

of the firm or household from accounting statements and data

generated in financial markets. The interpretation may involve analysis

using statistical and financial functions and procedures such as are

routinely available in spreadsheets (e.g. Microsoft Excel) and statistical

packages. It may assume the skills necessary to manipulate financial

data and carry out statistical and econometric tests (e.g. estimation and

interpretation of asset pricing models; financial modelling and

projections; event studies and residuals analysis; elements of time

series analysis, such as serial correlation mean reversion, and

stochastic volatility).

X

X

X

X

X

X

X

X

X

X

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An understanding of the relationship between financial theory and

empirical testing, and application of this knowledge to the appraisal of

the empirical evidence in at least one major theoretical area. The

appraisal should involve some recognition of the limitation and

evolution of empirical tests and theory (e.g. the efficient markets

hypothesis; anomalies; pricing of derivatives and other securities; bond

portfolio management; exchange rates; raising capital and capital

structure).

X

X

X

X

X

X

X

X

X

X

An understanding of the financing arrangements and governance

structures of business entities, and an appreciation of how theory and

evidence can be combined to assess the effectiveness and efficiency

of such arrangements (e.g. decisions as to sources of finance and

financial structure; the pricing of corporate securities; the market for

corporate control; corporate governance structures and mechanisms;

financial planning and international dimensions of finance).

X

X

X

X

X

X

X

X

X

X

An understanding of the factors influencing the investment behaviour

and opportunities of private individuals (bonds, equities, and

derivatives; risk aversion; risk/return trade-offs; portfolio management

and performance measurement; pensions and long term savings; the

tax treatment of savings and investments; international diversification;

forex risk; objectives of and constraints on institutional investors and

advisors).

X

X

X

X

X

X

X

X

X

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An understanding of financial service activity in the economy, and an

appreciation of how finance theory and evidence can be employed to

interpret these services (for example, information asymmetry, adverse

selection and moral hazard could be employed to analyse the

fundamental nature of services, such as insurance, pensions, bank

lending and consumer credit, and also explore fundamental problems

arising in such financial service provision. Efficient market hypothesis

could be used to explore evidence for fund manager performance and

the effectiveness of equity and bond saving services).

X

X

X

X

X

X

X

X

X

X

X

An ability to understand financial statements, and a basic appreciation

of the limitations of financial reporting practices and procedures (e.g.

financial statement analysis; the relation between cash flow accounting

and accrual accounting; discretionary accounting practices; and the

nature of accounting measures of financial performance).

X

X

X

X

X

X

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BSc(Hons) Finance and Investment – Partially Satisfying QAA Subject Benchmarks for SINGLE Honours in Finance

Cognitive abilities and generic skills. On completion of a degree covered by

this subject benchmark statement, a student should have the following abilities

and skills:

Fin

ancia

l A

ccou

ntin

g (3

0)

Intr

od

uctio

n to

Fin

ance

(30

)

Eco

nom

ics (

20

)

Fin

ancia

l S

kill

s (20

)

Aca

dem

ic a

nd

Pro

fessio

na

l S

kill

s (2

0)

Corp

ora

te A

naly

sis

(20

)

Fin

ance

an

d R

isk M

an

age

ment (2

0)

Inte

rnation

al a

l F

ina

ncia

l E

co

no

mic

s (2

0)

Mo

neta

ry E

con

om

ics (20

)

Fin

ancia

l an

d p

rofe

ssio

nal skill

s (2

0)

Investm

en

t C

ase

Stu

dy A

naly

sis

(20

)

Investm

en

t M

ana

gem

en

t (2

0)

Ad

va

nce

d T

reasu

ry R

isk M

ana

ge

me

nt (

20

)

Eco

nom

ic a

nd

Leg

al R

eg

ula

tion

(2

0)

Ap

plie

d

Fin

ancia

l T

ech

niq

ues

(Dea

ling

R

oom

)

(20

)

Op

tio

ns (

40

)

FA

18

3

FN

162

EC

16

1

FN

142

ML15

0

FA

28

4

FN

282

EC

27

1

EC

28

4

ML21

1

CA

27

3

FN

369

FN

362

EC

31

7

EC

38

7

A capacity for the critical evaluation of arguments and evidence X X X X X X X X X X X X X X X

An ability to analyse and draw reasoned conclusions concerning structured

and, to a more limited extent, unstructured problems from a given set of data

and from data which must be acquired by the student

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

Ability to locate, extract and analyse data from multiple sources, including the

acknowledgement and referencing of sources X X X

X X X X X X X X X X X X

Numeracy skills, including the ability to manipulate financial and other

numerical data and to appreciate statistical concepts at an appropriate level X X

X

X X X X X X X X X X X

Skills in the use of communication and information technology in acquiring,

analysing and communicating information (these skills include the use of

spreadsheets, word processing software, standard statistical packages;

electronic financial databases; the internet and email)

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

Communication skills including the ability to present quantitative and qualitative X X X X X X X X X X X X X X X X

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information together with analysis, argument and commentary in a form

appropriate to different intended audiences

Capacities for independent and self-managed learning X X X X X X X X

Normally, experience of working in groups, and other interpersonal skills, and

in presenting the results of their work orally as well as in written form

X

X X

X X X

X

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