Curricula

Objectives

The purpose of the course
After completing the course, you will identify and be able to list the key players and future prospects in the financial sector. You will be able to give examples of legislation governing the sector and its controls. You will understand the key concepts of the banking and insurance business, earnings logic, profit generation and the business environment. You know the key functions, tasks and products of banks and insurance companies.

Course competencies
Business competence
Sustainable development

Course competence
You will identify and be able to list the key players and prospects in the financial sector. You will be able to give examples of legislation governing the sector and its controls. You will understand the key concepts of the banking and insurance business, earnings logic, profit generation and the business environment. You know the key functions, tasks and products of banks and insurance companies. You take responsibility for your own work and follow the given schedules.

Content

The course contents cover financial markets, legislation governing the industry, good banking practice, banks’ finances and profitability, sales of banking services, payment instruments and systems, financing, and asset management and investment services. Insurance business, insurance schemes, good insurance practice and ethical principles of insurance, legislation related to insurance, types of insurance companies, insurance marketing and customer service, and insurance products and contracts.

Time and location

2.9-30.11.2024 online course.

Learning materials and recommended literature

Materials on Moodle.
Recommended suplementary literature:
Kontkanen, E., 2015. Pankkitoiminnan käsikirja. Vantaa: Finva.
Rantala, J. & Kivisaari E., 2020. Vakuutusoppi. Turenki: Finva.

Teaching methods

Studying methods are activation, individual working, getting to know written material, knowledge tests, interaction through conversations, learning tasks, case study and learning diary.
Guidance on Moodle. Feedback for developing course.

Exam dates and retake possibilities

Failed exam can be renewed twice (24 hours after last exam) before 30.11.2024.
Approved exam can be renewed once before 30.11.2024.

Student workload

In the beginning of the course students shall make a timetable for studies.

Orientation 10 hours.
Building knowledge (information retrieval, learning materials, learning tasks, feedback) 105 hours.
Course and learning evaluation 20 hours.

Further information for students

Avoin amk 10
Campusonline 350
EduFutura 10

Evaluation scale

0-5

Evaluation criteria, satisfactory (1-2)

Adequate 1
You will identify and be able to list the key players and prospects in the financial sector. You will be able to give examples of legislation governing the sector and its control. You will understand the key concepts of the banking and insurance business, earnings logic, profit generation and the business environment. You know the key functions, tasks and products of banks and insurance companies. You take responsibility for your own work and follow the given schedules.

Satisfactory 2
You know and know how to list the key players in the financial industry and your prospects and abilities. You will be able to review the legislation governing the sector and report on its control. You know and are able to describe the key concepts, earnings logic, earnings formation and business environment of the banking and insurance business. You know the key functions, jobs, and products of banks and banks and insurance companies.

Evaluation criteria, good (3-4)

Good 3
You manage to understand the financial sector as a whole, its key players and identify the roles of the players in the whole. You will be able to give examples of the impact of the history of the financial industry in today’s banking and insurance business. You define the key concepts of banking and insurance based on theory and make versatile use of different sources of information when describing the earnings logic, profit generation and changes in the business environment of different actors. You know the key functions, tasks, and products of banks and insurance companies, and are able to analyse and apply this information at a basic level when solving practical problems.

Very good 4
You will be able to define the key players in the financial industry, their roles as well as the industry's legislation, trends and prospects. You will be able to assess the impact of the history of the financial industry on today’s banking and insurance business. In managing the themes and concepts of the thematic areas, you rely extensively on current sources of information. Your review of the industry is critical, analytical and actively debating. You can tell how the result of a bank and an insurance company is formed and analyse the effects of changes in the industry on the profitability of an individual operator. You manage the key functions and products of the bank and the insurance company, and are able to apply this information well-founded when analysing and solving practical problems.

Evaluation criteria, excellent (5)

Excellent 5
You actively monitor the phenomena of the financial industry, the development of legislation and key players. The mastery of the key themes and concepts of the topic is structured, critical and convincing, and you tell about them based on diverse theoretical source material and with a reflective approach. You will be able to build and recommend different solution models based on the products offered by the bank and insurance companies, as well as anticipate future new industry earning models.

Prerequisites

-

Further information

-