FIN06010 2016 Financial Services
This subject aims to enable candidates to acquire the necessary basic knowledge of the financial services industry.
On completion of this module the learner will/should be able to;
discuss the role of money, banking and monetary policy in our economic system.
describe the workings of a financial system
discuss the various users of financial products and their financial needs over a lifetime.
discuss the role the government plays in the financial services sector in Ireland.
describe the main aspects of both personal and business taxation in Ireland
explain the importance of ethical behaviour in financial services
explain how the financial services sector is regulated and the need for regulation in this sector.
Teaching and Learning Strategies
The student will engage with the content of the module through lectures, case studies, problem based learning and the use of interactive multi media tools.
Module Assessment Strategies
100% Final exam
Repeat final exam
1 Money and its role in our economic system: concept of money and its functions, how commercial banks create money,how inflation affects the value of money how interest rates are set.
2 The financial services system and products: role of financial intermediaries,participants in the financial services industry, services and products provided by the financial services industy,role of the Irish Stock Exchange,types of shares and bonds, future developments in the financial services sector internationally.
3 People and products: various users of financial services and products, various financial needs of consumers as they move through their life, importance of financial planning
4. Economics and government policy: relationship between government policy and economic growth, economic objectives of the Irish government, role of the European Central Bank
5. Taxation - personal and business: income tax, USC, capital gains tax, capital acquisitions tax etc
6. Ethics: meaning of ethics in relation to financial services, importance of ethical behaviour in financial services,
7. Regulation and Consumer protection : why the market for financial services market should be regulated, structure of regulation in Ireland, role of the Central bank in relation to regulation etc
Coursework & Assessment Breakdown
End of Semester / Year Assessment
|Title||Type||Form||Percent||Week||Learning Outcomes Assessed|
|1||Multiple Choice||Final Exam||UNKNOWN||100 %||End of Term||1,2,3,4,5,6,7|
Full Time Mode Workload
|Independent Learning||UNKNOWN||Self Study||3||Weekly||3.00|
Required & Recommended Book List
2015-11-26 The Money Doctor 2016 Gill & Macmillan Ltd
ISBN 0717168115 ISBN-13 9780717168118
For years, John Lowe's finance annual has helped thousands of people get to grips with the basics of budgeting and learn how to save cash in all areas of their lives. Now the Money Doctor is back to give Ireland's consumers and business owners the tips they need to make the most of 2016. Whether you buy this book every year or you're just in need of a fresh perspective on your finances, you can trust the Money Doctor to give independent, straight-talking advice. This fully revised edition includes updates from the previous year, including Budget 2016. 'Readable, reliable, accessible, this is one doctor that will save you money.' - Joe Duffy, Liveline, RTE Radio 1 'This is strong financial medicine from the Money Doctor and is a must read that I regularly refer to.' - Jim Power, economist
2014-01-28 The Economist Guide to Financial Markets (6th Ed): Why they exist and how they work (Economist Books) The Economist
ISBN 1610393899 ISBN-13 9781610393898
Extensively revised and updated following the fallout from the global financial crisis, the 6th edition of this highly regarded book brings the reader right up to speed with the latest financial market developments, and provides a clear and incisive guide to a complex world that even those who work in it often find hard to understand.
In chapters on the markets that deal with money, foreign exchange, equities, bonds, commodities, financial futures, options and other derivatives, the book examines why these markets exist, how they work, and who trades in them, and gives a run-down of the factors that affect prices and rates.
Business history is littered with disasters that occurred because people involved their firms with financial instruments they didn't properly understand. If they had had this book they might have avoided their mistakes. For anyone wishing to understand financial markets, there is no better guide.