Financial Risk ManagementFinancial Risk ManagementFinancial Risk ManagementFinancial Risk Management

This module attempts to bring into perspective risk management from management of individuals to enterprise risk management (ERMP). Financial markets offer methods of hedging risks and leveraging risks and they range from global equity markets to markets for numerous exchange traded and over the counter derivatives instruments such as futures options, to relate to these instruments and markets to methods or risk management. Since in todays finance financial markets are global, this module will cover instruments and methods that are available throughout the world for private investors and issuers, firms, and individual and institutional investors

Taxation This module introduces participants to a range of

taxation theories and application of organization and

administration of taxation in Jamaica. Key areas will

include: Jamaicas Income Tax act, double taxation,

provisions concerning contracts, assessment and

appeal process, comparative tax systems, compliance

and non-compliance consequences, tax reform,

planning, general consumption tax and the role of

the financial investigations divisions.

Human Resource Management This module analyzes the organizational issues

arising from the management of human resources as

well as labor relations and emerging issues. It begins

by considering the extent to which the terms of the

debate on managing employees have shifted in

recent years, largely driven by key changes in the

economic, political, social and legal environment.

The main objective will be to study key topics in

sufficient depth to be able to study key topics in

implications for organizations and workers, including

relationship between human resource and labor

relations decisions/policies and broader

organizational strategies.

Duration: 18 months part-time

*Please note that at least seven (7) persons need to choose an elective for it to be delivered.

Course Structure

Specializations

Investment International Banking Financial Markets and Institutions

Financial Risk Management

Investment & Portfolio Management

Taxation

Human Resource Management

International Monetary Economics

International Bank Management

Financial Risk Management

Taxation

Human Resource Management

Grading Scheme

Grade Percentage Grade Point Average A 90 100 4.0 A- 80 89 3.7 B+ 75 79 3.3 B 70 74 3.0 B- 65 69 2.7

For further information please contact: Mr. Traverse Francis or Mr. Dwight McMorris

Tel: Tel: Tel: Tel: 927927927927----9704, 5129704, 5129704, 5129704, 512----2222602602602602 Fax: 9Fax: 9Fax: 9Fax: 927272727----5637563756375637

Email: Email: Email: Email: tfrancis@utech.edu.jmtfrancis@utech.edu.jmtfrancis@utech.edu.jmtfrancis@utech.edu.jm dmcmorris@utech.edu.jmdmcmorris@utech.edu.jmdmcmorris@utech.edu.jmdmcmorris@utech.edu.jm

UNIVERSITUNIVERSITUNIVERSITUNIVERSITYYYY OF TECHNOLOGY, OF TECHNOLOGY, OF TECHNOLOGY, OF TECHNOLOGY,

JAMAICAJAMAICAJAMAICAJAMAICA

FACULTY OF BUSINESS FACULTY OF BUSINESS FACULTY OF BUSINESS FACULTY OF BUSINESS AND AND AND AND

MANAGEMENTMANAGEMENTMANAGEMENTMANAGEMENT

MASTER OF MASTER OF MASTER OF MASTER OF SCIENCE SCIENCE SCIENCE SCIENCE

IN FINANCE IN FINANCE IN FINANCE IN FINANCE

(MSc Finance)(MSc Finance)(MSc Finance)(MSc Finance)

COURSE OUTLINECOURSE OUTLINECOURSE OUTLINECOURSE OUTLINE

Design The M. Sc .Finance course of study consists of 12 modules comprised of 8 core courses, 4 electives in two areas of specializations. The concentration areas are International Banking and Investment. Persons who are required to pursue remedial courses will do them in addition to the MSc Finance courses. The modules will be taught in the evenings, during weekends and in two blocks of four to five days in the summer. State-of-the-art, modern day trading strategies will be incorporated in the programme to enhance the capabilities of the finance graduate.

Core Curriculum The M. Sc. Finance course of study begins with an intense, core curriculum. Over the first semester term, participants will master fundamental techniques in financial statement analysis, financial modeling, stock and firm valuation, statistical analysis, regression analysis, and time series analysis. Moving beyond the traditional lecture format, participants will practice techniques through software applications during regular class meetings and in weekly review and practice sessions during which they will learn extensive applications of techniques with widely-used software packages and real data.

Core Courses Quantitative Methods of Finance This module develops the skills and perspectives of

using quantitative techniques to gain insights into the

resolution of practical business problems.

Methodologies incorporate decision analysis,

including decision trees, decision criteria, value of

information, risk attitude, Monte Carlo simulation,

multiple regression, models for modeling

relationships, including time series models and

forecasting; and optimization models, including

linear, nonlinear, and integer programming

applications in marketing, finance and other fields.

The emphasis is on model formulation in a

spreadsheet environment and the interpretation of

results, rather than mathematical theory.

Commercial Bank Management This module is structured around the theme of

Commercial Bank Management in a rigid changing

regulatory and economic environment. Topics to be

Semester I Sept. 2008

Credits Semester II Jan 2009

Credits

Quantitative Methods of Finance

Finance and Professional Ethics

Commercial Bank Management

3

3

3

Financial Modeling

Multi-National Financial Management

Small & Medium Enterprise Financing

3

3

3

Summer (Semester III) Summer (Semester IV)

Strategic Marketing

Corporate Strategy

3

3

Concentration

Concentration

3

3

Semester V Semester I (Jan 2010) Concentration

Concentration

3

3

Research Methodology/ Project*

covered include banking trends and competition;

performance analysis; merger and acquisition;

interest rate risk management; credit analysis;

liquidating planning; instrument portfolio analysis;

the use of balance sheet instruments and activities

and capital management. Both domestic and

international banking activities will be examined.

Finance and Professional Ethics This module explores the ethical responsibilities that

managers and other professionals have to contend

with in their firms, with their customers, employees

and communities. Topics will include: Legal, ethical,

philanthropic and economic responsibilities of

corporate leaders, framework required to make

ethical decisions in todays environment and the

influence of corporate culture, including leadership,

power and motivation on business ethics in the

workplace.

Multi-National Financial Management This module provides a background on the

international environment and focuses on decision

making in an international context. All aspects of

corporate finance including working capital

management, capital budgeting, cost of capital and

financial structure are explored. However, this

module is done from the perspective of a multi-

national corporation, concentrating on those

elements that are rarely ever encountered by

domestic firms. Topics include: multiple concerns

with foreign exchange rate changes and varying rates

of inflation, multiple money markets, tax systems,

segmented capital markets and political risks, such as

naturalization and expropriation.

Corporate Strategy Corporate strategy focuses on the strategy

formulation and implementation by exploring the

functions and nature of general management. This

course serves to develop skills for strategic thinking

and analysis, leadership, communication,

environmental scanning, strategy formulation,

teamwork, corporate social responsibility,

transformational management and cross-functional

integration.

Strategic Marketing This module examines the process of strategic

marketing management and considers its role within

organizations. It presents the fundamentals of the

marketing concept and considers the relationship

between the marketing concept and other concepts

such as innovation and entrepreneurship. The

course considers tools and methods used to examine

marketing environments, understand consumer and

organizational buying behaviour, marketing decisions

in global markets, ethics in strategic marketing

decisions, segment marketing and position products.

Financial Modeling This module is designed to provide participants with

a conceptual framework and a set of technical tools

for making corporate investment decisions. The

focus will be maximizing the value of the firm.

Various ethical issues will be highlighted throughout

the course.

Emphasis is placed on understanding and critiquing

financial decision making. Topics include corporate

finance models, portfolio models, investment

analysis, financing decisions, dividend policy

valuation principles and practices, acquisition and

takeovers, the link between valuation and corporate

finance.

Small & Medium Enterprise Financing This module is intended to provide aspiring

entrepreneurs with knowledge and information to

enable them to start and run a small business. The

module covers among other things, the decision to

go into business for ones self, the preparation

needed, the methods of launching the business, and

management functions involved in operating the

business.

Investment Taxation and any other three courses

Taxation This module introduces participants to a range of

taxation theories and application of organization and

administration of taxation in Jamaica. Key areas will

include: Jamaicas Income Tax act, double taxation,

provisions concerning contracts, assessment and

appeal process, comparative tax systems, compliance

and non-compliance consequences, tax reform,

planning, general consumption tax and the role of

the financial investigations divisions. Financial Markets and Institutions This module is designed to provide participants with

an introduction to financial markets and the role of

financial intermediaries in these markets. Emphasis

will be upon the objectives and plans of financial

intermediaries, the regulations availability, financial

markets and instruments, and non-bank financial

institutions including credit unions, finance

companies, insurance companies, pension funds,

mutual funds, and government financial institutions.

Financial Risk Management This module attempts to bring into perspective risk management from management of individuals to enterprise risk management (ERMP). Financial markets offer methods of hedging risks and leveraging risks and they range from global equity markets to markets for numerous exchange traded and over the counter derivatives instruments such as futures options, to relate to these instruments and markets to methods or risk management. Since in todays finance financial markets are global, this module will cover instruments and methods that are available throughout the world for private investors and issuers, firms, and individual and institutional investors Investment & Portfolio Management.Investment & Portfolio Management.Investment & Portfolio Management.Investment & Portfolio Management.

Investment Analysis and Portfolio Management

covers both modern investment and portfolio theory

and traditional approaches to investment selection

and management. Modern theory includes the

examination of asset pricing models, behavioral

finance theory and practice and efficient market

hypothesis. In addition to traditional approaches to

stock and bond selection such as fundamental

analysis and technical analysis, the module will also

explore the characteristics of mutual funds. Current

topics, such as options, futures and other financial

derivatives, are also explored.

Human Resource ManagementHuman Resource ManagementHuman Resource ManagementHuman Resource Management

This module analyzes the organizational issues

arising from the management of human resources as

well as labor relations and emerging issues. It begins

by considering the extent to which the terms of the

debate on managing employees have shifted in

recent years, largely driven by key changes in the

economic, political, social and legal environment.

The main objective will be to study key topics in

sufficient depth to be able to study key topics in

implications for organizations and workers, including

relationship between human resource and labor

relations decisions/policies and broader

organizational strategies.

Credit AnalysisCredit AnalysisCredit AnalysisCredit Analysis

This module deals with the theoretical and practical

approaches to effective credit analysis, credit

financial markets, macroeconomic and credit risk

portfolio models and credit risk management, and

strategic capital allocation are examined for decision

making purposes. The module further examines the

importance of default risk, quantitative

methodologies, yield spreads, structured products,

credit derivatives and regulation. Various national

and international issues are included in the module.

International Banking Taxation and any other three courses

International Monetary EconomicsInternational Monetary EconomicsInternational Monetary EconomicsInternational Monetary Economics

This module presents international monetary economics theory and applies toward gaining an understanding of recent events and current policy issues. The theory prescribed in this module covers a broad range of topics including exchange rate determination monetary and fiscal policy in an open economy, balance of payment crises, the choice of exchange rate systems and their advantages and disadvantages, currency unions and international debt. The insights provide by these theoretical framework will enable participants to discuss topics such as US/Jamaica current account deficits, the single currency in Europe, the Asian, Jamaica and Latin America financial crises, global financial imbalances, government intervention, the foreign exchange market and the reliance of debt crises and its aftermath. International Bank Management This module focuses on providing students with an

understanding of the operating environments of

international banking institutions. Topics covered

are: structure and functions of the international

bank, the major function of international banking,

international investment banking, Offshore Financial

Centres, Bank crashes, Supervision and Regulation,

Risk Management, Money Laundering, Derivatives,

country risk and Global Debt cruses and emerging

trends in Global Banking.

Financial EconomicsFinancial EconomicsFinancial EconomicsFinancial Economics

This course prides an introduction to financial

economics at the Masters level. It begins by

introducing asset pricing theory. The classical results

in portfolio selection and asset pricing theory with

the mean-variance paradigm are presented. The

following are discussed: Arbitrage and Optimality,

Asset Pricing, Portfolio Theory, CAPM

Consumption CAPM, Corporate finance, Dividend

Policy, Capital Structure and the Cost of Capital,

Market Efficiency, Constant Expected Returns,

Behavioral Finance