MA International Finance Course Specification by SabeerAli1

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									COURSE SPECIFICA TION


1.   Name of course and highest award             MA International Finance

2.   Scheme                                       Postgraduat e

3.   Total credit for course                      180

4.   Possible interim awards                        PG Certificat e; PG Diploma

5.   Awarding/validating institution/body         London Metropolitan University

6.   Teaching institution                          London Metropolitan University

7.   Course also accredited by                        None

8.   Profe ssional body exemptions/accreditation none
9.   External subject benchmarks                Accounting

10. UCAS code (undergraduat e only)

11. London Met course code                         MAIF N

12. Route code                                      N/A

13. JACS code                                      N/A

14. Source of funding                             HEFCE

15. Approved to run from                         September 2010
16. Mode of attendance                             Full-time; Part time Day

17. Expected duration of course                   Maximum durations: PG Cert 3 years;

                                                    PG    Dip 4 years; MA 6 years
                                                    Minimum durations: MA 1 year

18. Organised work experience/sandwich year/year abroad              N/A

19. Career education, information and guidance

20. Admi ssions                                   Autumn and Spring intak es

21. Teaching location                             Nort h

22. Home academic department                      London Metropolitan Business School

23. Course Leader                                 Bode Akinwande

24. Main educational aims of the course
The aim of this MSc is to deliver an academically rigorous masters level programme which provides
students with the opportunity to achieve masters level critical thinking about current issues in
international finance. To enable students to acquire and develop the theoretical knowledge and
practical skills that will equip them to pursue careers in international finance. To enable students
evaluate the implications of different financial decisions. To develop student’s intellectual, personal
and practical skills in the area of international finance consistent with masters level study
25. Course learning outcomes

25a. Knowledge and understanding

The student is expected to;

1       To acquire an understanding of the economic factors affecting the modern or ganisation and
        how global financ e affects the business world

2.      Be aware of and apply the theoretical models which underpin modern int ernational financial
        management

3       Be aware of and apply the strategic, social, political and ethical factors which impact upon
        modern day international financial management

4       Be aware of and apply quantitative, financial and econometric modelling techniques which
        underpin the analysis of economic and financial information

25a(i). Teaching/learning strategies and methods

The direct contact time takes place through lectures, seminars and practical IT workshops whereby
information is conveyed through various methods such as case studies, student seminars, problem
based learning.

Students are expected to complement this 'formal' learning activities with the reading of material
suggested in the course module booklets.

25a(ii). Asse ssment

Students should expect to be assessed through a variety of methods strictly related to the outcomes
of the course as set out above.

Formative assessments such as coursework will require students to:

        Analyse case studies
        Collect, manipulate, analyse and evaluate quantitative and financial data
        Write reports on specific financial matters

Summative assessments such as unseen exams will address all the above outcomes in various forms
and will require students to deal with;

        Numerical and financial problems
        Analysis of information
        Short and Long Essays

25b. Cogni tive/intellectual skill s

By the end of the course the student is expected to develop higher order skills that are reflected in the
student's ability to;

1       Undertak e original research
2       Critically review and analyse data
3       use a range of quantitative, financial and computer modelling skills to solve financial problems
4       are able to provide a critical review of the relevant literature applicable to a particular problem

25b(i ). Teaching/learning strategies and methods

The contact time with teaching teams will be organised around lectures, seminars, case studies,
simulation analysis guest speakers and industrial visits.
25b(ii). Asse ssment
Students will be exposed to various assessment strategies which are part of the development and
evaluation of the above skills

Formative assessment such as essay writing, case study analysis will be accompanies by summative
assessment such as unseen ex ams.

All assessment methods are designed to develop a critical understanding of int ernational business
finance as it applies at masters degree level study

25c. Practical skills

Key skills to be developed include

        Interactive problem -solving and decision making
        Focused and articulated written communication
        Financial planning skills
        Stakeholder management skills
        Independent learning skills
        Demonstrate critical thinking, and originality and solving problems at masters level

25c (i ). Teaching/learning strategies and methods

The teaching an learning strategy will build on the inter-dependent and independent learning
philosophy of the course and students will be expected to take a high degree of responsibility for their
own learning.

25c (ii). Asse ssment

The skills are assessed through the taught modules and through the dissertation.

25d. Key/transferable skills including employability and professional practice

The overall curriculum is designed to develop skills appropriate to postgraduate study which will
enable the student to seek employment or to pursue further study such as an MPhil or PhD. These
skills are:

Communicate ideas, principles and theories to specific financial problems
Work effectively towards the achievement of goals
Research key areas of international financ e
Apply a range of quantitative, financial and computer modelling skills to the analysis of financial
problems

25d(i ). Teaching/learning strategies and methods

The overall curriculum is designed to develop in postgraduate students the specific skills that should
define their post graduateness at the end of the period of study. These skills are embedded in the
curriculum and developed within each module and the final dissertation.

25d(ii). Asse ssment

The general principles of international finance are developed in the core modules. The designated
and elective modules build on the cores to provide specific knowledge to esoteric areas of
international finance. The research methods module develops students research skills which are
applied in the dissertation.

26. Course structure diagram

DIA GRAM FOR POS TGRA DUA TE COURSES
Course Title: MA International Financ e
Course Type: Masters
Course Leader: Humphrey Shaw
Full-time
 Award      Semester   Code      Title                       Status   Credit   Notes
                                                                      Points
 Masters    Autumn     ECP064N   Global Financial Markets    c        20
                       BAP018N   Quantitative Analysis for   c        20
                                 Finance
                       ACP002N   International Business      c        20
                                 Finance & Investment
            Spring               Designate                   d        20       Choose from following list
                                 Elective                    e        20
                       ACP003N   Research Methods for        c        20
                                 Accounting & Finance
            Summer     ACPP07N   Dissertation                c        60


 PG Cert
 PG Dip
Part-time
 Award      Semester   Code      Title                       Status   Credit   Notes
                                                                      Points
 Masters    Autumn     ECP064N   Global Financial Markets    c        20
            (year 1)
                       BAP018N   Quantitative Analysis for   c        20
                                 Finance
            Spring     ACP002N   International Business      c        20
            (year 1)             Finance & Investment
                                 Designate                   d        20       Choose from following list
            Autumn               Elective                    e        20
            (year 2)
                       ACP003N   Research Methods for        c        20
                                 Accounting & Finance
            Spring/    ACPP07N   Dissertation                c        60
            Summe
            r


 PG Cert                                                                       Students who have passed
                                                                               modules totalling at least 60
                                                                               credits are eligible for the
                                                                               award of Postgraduate
                                                                               Certificate
 PG Dip                                                                        Students who have passed
                                                                               modules totalling 120
                                                                               credits are eligible for the
                                                                               award of Postgraduate
                                                                               Diploma
DIA GRAM FOR POS TGRA DUA TE AWARD TITLES
 Level    Title of available award                                                                                                                         Notes
 PG Cert                                                                                                                                                   Students who have passed
                                                                                                                                                           modules totalling at least 60
                                                                                                                                                           credits are eligibl e for the
                                                                                                                                                           award of Postgraduate
                                                                                                                                                           Certificate
 PG Dip                                                                                                                                                    Students who have passed
                                                                                                                                                           modules totalling 120
                                                                                                                                                           credits are eligible for the
                                                                                                                                                           award of Postgraduate
                                                                                                                                                           Diploma
 Masters

Designate Module s

Students must choose one module from the designat e list:
       ACP004N        Mergers & Acquisitions
       ACP005N        Corporate Financial Planning
       ACP006C        Strategic Management Cont rol & Appraisal
       ACP008N        International Financial Management

27. Asse ssment diagram

                                                                                                                     Modules
 Assessment      ECP064                   BAP018                   ACP002                   ACP003                   ACP004                   ACP005                    ACP006                   ACP008                   ACPP07
                             Submission




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                 Weighting




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                              week no




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                                                                                                                                                                                                                                        week no
 Unseen          50                       50                       50                                                50                       100                       50                       50
 exam EXU
 Coursework      50          12           50          10           50          11           50          10           50          8                                      50          9            50          10
 CWK
 Coursework                                                                                 50          13
 CWK
 Dissertation/                                                                                                                                                                                                            100          13
 Project DIS


28. Additional general comments (if appropriate)
There are three main themes that characterise the MA in International Finance. The overriding theme
underlying the course structure is the global nature of finance and investment. The theme is
addressed in a coherent and progressive manner through the core modules as summarised in the
following chart:

First Theme


        ECP064N                                       ACP002N                                                BAP018N
     Global Financial                           International Business                                  Quantitative Analysis
         Markets                                Finance & Investment                                        for Finance


Second Theme

The second t heme is concerned with specialist areas of international finance available in t he
designate modules ranging from mergers and ac quisitions, corporate financial planning management,
strategic aspects of management accounting, and international financial management. Students must
choose one of these. A designate module may also be taken as an elective.

                                                                ACP006
      ACP004N                       ACP005               Strategic Management              ACP008N
 Mergers & Acquisitions        Corporate Financial        Cont rol & Appraisal       International Financial
                                    Planning                                              Management

Third Theme

The third theme covers the research part of the course and allows a student to research an area of
international finance in which they are currently interested.

       ACP003N                                                  ACPP07N
  Research Methods for                            Dissertation (Triple weight ed module)
  Accounting & Finance

The course has been designed to ensure accessibility to students with disabilities and that
anticipatory reasonable adjustments can be made to reflect their needs.

The curriculum

The course seeks to provide students with an understanding of the key economic and financial
principles relating to the study of int ernational finance. This is why students study Global Financial
Markets and International Business Financ e and Investment as the two key core modules.

By its very nature finance is a quantitative subject and this is why students are introduced to
Quantitative Analysis for Finance so that they can understand how to analyse and use financial dat a.

The designat ed modules provide students with an understanding of key areas of international finance.

Finally the cours e seeks to develop a students ability to undertake original research which is key part
of postgraduate and masters level study.

M A International Finance subscribes to the Principles of Responsible Management Education.
Ethical behaviour by professional managers is embedded in the course modules. One of the aims of
International Business Finance (ACP002) is to examine the organisational and governance structures
and constraints on financial decision making, within a principal-agent analytical framework. Global
Financial Markets (ECP 064) examines key trends in global finance including the costs and benefits of
financial innovation. Quntitative Analysis for Finance introduces students to appreciate the role of
modelling wit hin a financial planning context, and the debates and controversies which arise from
different modelling approaches.


Personal Development Planning: Whilst students will be encouraged to reflect on their progress in
individual modules, particular emphasis will be placed in Res earch M ethods and the process of
preparing a dissertation. Students will be encouraged to chos e a dissertation research topic, that they
are both interested in and which could enhance their employment prospects. Students will meet with
the course leader during Research Methods on a regular basis to select and refine their chosen topic.
The process of reflection is emphasised and embedded in the dissert ation module. The student and
supervisor must communicate on a regular basis. They will agree a time line to submi t individual
chapters of the dissertation and the student will reflect on feedback from the supervisor.


International: Finance is an international subject as is evidenced by the rise in international finance.
It cannot be studied in a country context only. The two core modules Global financial Markets and
International Business and Finance are as their titles suggest ‘international’ in their focus. Students
have to chose an international aspect in their dissertation, often they chose their home country for this
purpose.
Research: This is embedded in each module. Staff will use their own research to inform teaching.
They will attend outside conferences to ensure their knowledge is contemporary. Visiting speakers will
provide either a researc h or practitioner focus. Students will need to demonstrate their ability to
research to complet e a successful dissertation.


29. Standard Universi ty entry requirements, inc APEL/AP(E)L

30. Career opportunities

    The course attracts a number of international students and they find the international dimension
    invaluable in finding careers in their home country. Students can use the dissertation to focus on
    an aspect of finance and us e this to apply for specific career opportunities. The course leader will
    invite visiting speakers to talk about career opportunities to

31. Course summary The aim of this MSc is to deliver an academically rigorous masters level
programme which provides students with the opportunity to achieve masters level critical thinking
about current issues in international finance. To enable students to acquire and develop the
theoretical knowledge and practical skills that will equip them to pursue careers in international
finance. To enable students evaluate the implic ations of different financial decisions. To develop
student’s intellectual, personal and practical skills in the area of international finance consistent with
masters level study

At the back of this course handbook in section 15 you will find the Module Directory listing core and
designate modules for the course, together with brief summaries of the content of each module. In
addition you can consult the on-line PostGrad-Line directory on the web. This has full and complete
specifications of the modules, in addition to the summaries.

31. Course Regulatory Schedule
The course conforms to the University's postgraduate (taught) regulations.

								
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