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Course Outline BCM372

Course outline for Bac 372

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4 views

Course Outline BCM372

Course outline for Bac 372

Uploaded by

phyllismwanakombo50
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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MULUNGUSHI UNIVERSITY

SCHOOL OF BUSINESS (SBS)


COURSE OUTLINE

FINANCIAL MARKETS & INSTITUTIONS BCM 372

1.0 LECTURER:

2.0 LECTURER CONTACT TIME AND PLACE


Day(s) From To Location

3.0 PRE-REQUISITE : BCM 331

4.0 OBJECTIVES OF THE COURSE

After the completion of this course, students will be able to:

 Understand and describe the financial system and its components


 Understand the important functions of the financial system
 Describe the financial intermediaries and their role in the financial system
 Understand and explain financial market function particularly primary vs
secondary market; spot and forward market; money market; capital market;
foreign exchange markets.
 Describe what information asymmetry mean and its role in the financial market
 Understand and describe the role and importance of different types financial
institution in financial system
 Explain the financial sector regulation concepts and regulating organs
 Understand the financial institutions and market in Zambian case

5.0 COURSE DESCRIPTION

The course deals with the role and operation of financial markets in mobilizing or
raising finance for business organization.
6.0 COURSE OUTLINE

6.1.0 Introduction to the Financial Market and Institution

6.1.1 What is financial system


6.1.2 What constitute the financial system
6.1.3 what is important function of the financial system
6.1.4 What are the primary and secondary markets

6.2.0 Financial Intermediation

6.2.1 Financial instruments definition, characteristics, classification, etc)


6.2.2 Resource allocation (without financial market, with financial market but no
financial institutions, with financial market and financial institutions)
6.2.3 Functions of financial intermediaries

6.3.0 Financial Markets

6.3.1 Spot markets and Forward markets


6.3.2 Money markets
6.3.3 Capital markets
6.3.4 Foreign exchange markets
6.3.5 Information asymmetry in financial markets
6.3.5.1 The information problems: adverse selection and moral hazard
6.3.5.2 Transaction and information costs
6.3.5.3 Moral hazard in debt financing
6.3.5.4 Moral hazard in equity financing
6.4.0 Financial Institutions

6.4.1 Deposit taking institutions


6.4.2 Non- deposit taking institution

6.5.0 Financial Sector Regulation

6.5.1 Definition of regulation


6.5.2 Principles of regulation
6.5.3 Regulation and control in the financial system

6.6.0 Financial institutions and markets in Zambia

6.6.1 The Zambian financial system: evolution, structure, etc


6.6.2 Regulation standards
6.6.3 Banking and insurance in Zambia
6.6.4 Stock market in Zambia
7.0 PRACTICLES

Case studies
(Analyzing financial statements for various business organizations)

8.0 EVALUATION

Assignment 1 15%
Assignment 2 15%
Class test 10%
Continuous Assessment 40%
Final exam 60% (3 hour exam paper)
Total 100%

9.0 REFERENCES
Text Book: Jeff Madura, Financial Institutions & Markets, Eighth edition
1. Van Horne, James C. and Wachowicz, John M. (1998), Fundamentals of
Financial management, tenth edition, McGraw-Hill Company, Boston
2. Winger, Brenda, Principles of financial management
3. Pandey, I. M., Financial Management, 4th edition, Prentice-Hall of India,
New Delhi.
4. Ross, S.A, et.al (1997), Fundamentals of corporate finance, Fourth
edition,
5. Brigham, E.F. and Houston, J.F. (1999), Fundamentals of Financial
Management, Second edition,
6. Block, S.B. & Hirt, G.A. (1994), Foundation of Financial Management,
Seventh edition,
7. Any financial management books and Finance Journals( electronic
journals are available on the web)

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