Swedish name: Financial Markets, Institutions and Financial Planning C
This syllabus is valid: 2022-08-01 and until further notice
Course code: 2FE121
Credit points: 15
Education level: First cycle
Main Field of Study and progress level:
Business Administration: First cycle, has at least 60 credits in first-cycle course/s as entry requirements
Grading scale: Pass with distinction, Pass, Fail
Responsible department: Business Administration
Revised by: Rector of Umeå School of Business and Economics, 2022-05-12
This finance course is intended for students who want to increase their familiarity with financial market operations and the practical aspects of managing personal finances. It prepares students to work within financial institutions and/or financial consulting. The course is given and examined in English.
Module 1. Financial Markets and Institutions, 7.5 credits
Module 2. Financial Planning, 7.5 credits
Common expected learning outcome:
Module 1. Financial Markets and Institutions, 7.5 credits
Due to the economic globalization and the modernization of financial assets' the global understanding of financial markets' institutional logics and environment has become increasingly complex. In this course the primary intent is to introduce students to the institutional environment in which financial transactions take place. A strong emphasis is put on the role of central banks, on regulations and innovations before and after the crisis. The differences between capital and money markets in bank or market-controlled systems are presented, as well as, discussions about the operations of financial intermediaries.
With a practical framework, based on examples from European financial institutions and stock markets, this course aims to develop managerial capacity in order to apply the decisions and policies that a Chief Financial Officer would. This module is also useful to individual investors who must understand the markets in which they operate.
Expected learning outcomes:
After completing the module, the student should be able to:
Focus of instruction:
Learning is supported by lectures, seminars and case studies. The core topics will be covered by lectures and seminars, in which students will be expected to take an active part. Cases related to the topics will also be used. Students are required to make oral presentations at seminars and during case analyses. Students are also expected to self-manage learning: provided learning material is studied individually and/or in groups; relevant learning material is individually researched and analyzed.
Module examination modes
Examination is based upon an individual written exam and group assignments. A passing grade is required for each part of the module. N:B: examination modes for the course below.
Module 2. Financial Planning 7,5 credits
The aim with the module is to familiarize students with the issues confronting financial planners, whether they work independently or for large concerns. The focus is on elements of financial planning such as client profiling, tax, insurance, mortgages and other debt, pension and estate planning. This module is intended to introduce students to the role of the financial planner. The material covered includes an overview of the financial products available to clients (individuals rather than corporations), the assessment of client risk profiles and methods to control portfolio risk. The working and regulatory environment affecting financial planners in Sweden will be delineated. Some discussion of variations in financial instruments and regulatory environments between Sweden and other nations will also be presented.
Expected learning outcomes
After completing the module, the student should be able to:
Focus of instruction
Learning is supported by lectures, where financial planning and practical applications are presented and explained and workshops, where participants apply theory and practice to solve numerical problems. Students are also expected to self-manage learning: provided learning material is studied individually and/or in groups; relevant learning material is individually researched and analyzed.
Students will make a financial plan for a fictive client and will present it at a seminar.
Module examination modes
The examination is based upon a financial plan written in a group and presented in a seminar. As well as individual reflection paper in which the students will assess their current competence and identify their need for further knowledge.
Students will, also, undertake an individual written exam. A passing grade is required for each part. N.B: examination modes for the course below.
See respective module.
60 credits in Business Administration. At Basic level (A-level) and Intermediate level (B-level) or equivalent whereof approved 45 credits.
Proficiency in English equivalent to Swedish upper secondary course English B/6.
See respective module.
See each separate module and below.
The following grading system is used:
Pass with distinction (Väl godkänd, VG, 75% or more),
Pass (Godkänd, G, 50% or more)
and Fail (Underkänd U, less than 50%).
Grades on the course are awarded when the student has passed all examinations and compulsory course elements. The course is given and examined in English.
To receive the grade Pass with distinction (VG) in the 30 credits course consisting of four modules of the same size, the student must have achieved Pass with distinction (VG) in at least three out of four modules. In shorter courses for example 7,5 credit courses, 15 credit courses or 22,5 credits courses Pass with distinction (VG) is given when the student has achieved at least 75% of the total weighted points.
A student who does not pass at the time of the written examination will be offered an opportunity to sit a further examination within two months. Beyond that, additional examination opportunities normally arise every academic year, one week prior to the start of the autumn term. If required by specific circumstances, the Director of Studies may decide on other forms of examination
In case of failure on seminar participation or individual and group assignments, compensating assignments must be completed in accordance with instructions given, no later than two weeks after the completion of the module. Mandatory assignments (seminars, written assignments, cases, computer assignments etc.) that have not been handed in within stipulated time must be done the next time the course is offered. If the form of examination does not permit repetition other forms of re-examination may be used.
When a student has failed an examination on two occasions, he or she has a right to have another grading teacher. A written request for an alternative examiner should be handed to the director of studies no later than two weeks before the next examination opportunity.
A student who has passed an examination can not redo the examination to get a higher grade.
If a student fails to present a photo ID at the occasion of a written exam in an exam room will not be allowed to take the exam.
Disciplinary action may be taken against students who uses unauthorized help aids or in some other way tries to mislead on a test or when another type of task is being evaluated. Rules and regulations concerning the production of academic texts and correct referencing will be applicable to all written assignments. (see instructions in the thesis manual, Thesis Writing in Business Administration). Urkund records may be used for control. In addition, Umeå University rules and regulations for education and research applies.
Educational activities are designed to facilitate students towards achieving expected learning outcomes and can explain, supplement and provide contrast to the course literature and other relevant course materials.
Other regulations
Academic credit transfers are according to the University credit transfer regulations.
Financial markets and institutions
Mishkin Frederic S., Eakins Stanley G.
Tenth edition. : Upper Saddle River : Pearson : [2024] : 637 pages :
ISBN: 9781292459547
Mandatory
Search the University Library catalogue
Reading instructions: eText ISBN: 9781292459530, 1292459530
List of articles and other material provided by the lecturer, maximum of 25 pages.
Strategic financial planning over the lifecycle : a conceptual approach to personal risk management
Charupat Narat, Huang Huaxiong, Milevsky Moshe Arye
New York : Cambridge University Press : 2012 : xiii. 367 p. :
ISBN: 9780521148030 (paperback)
Mandatory
Search the University Library catalogue
Umeå School of Business, Economics and Statistics USBE. Thesis writing in Business Administration. Thesis manual. (latest edition)
USBE Företagsekonomi :
https://www.umu.se/en/student/usbe/thesis-and-degree-project-work/
Additional individual literature focusing on specific topics may be needed to be able to complete assignments.
Financial markets and institutions
Mishkin Frederic S., Eakins Stanley G.
Ninth edition, global edition : Harlow : Pearson Education : [2018] : 688 sidor :
ISBN: 9781292215006
Mandatory
Search the University Library catalogue
Reading instructions: eText ISBN: 9781292215037, 1292215038
Strategic financial planning over the lifecycle : a conceptual approach to personal risk management
Charupat Narat, Huang Huaxiong, Milevsky Moshe Arye
New York : Cambridge University Press : 2012 : xiii. 367 p. :
ISBN: 9780521148030 (paperback)
Mandatory
Search the University Library catalogue
Umeå School of Business, Economics and Statistics USBE. Thesis writing in Business Administration. Thesis manual. (latest edition)
USBE Företagsekonomi :
https://www.umu.se/en/student/usbe/thesis-and-degree-project-work/
Additional individual literature focusing on specific topics may be needed to be able to complete assignments.