unbc

Management of Financial Institutions

COMM 422

Winter 2022

Instructor: Jing Chen

E-mail: chenj@unbc.ca

Office : 10-4534

Office hour: by appointment

Class time: 2:30-5:20, M

Class location: 10-4034

Zoom: https://unbc.zoom.us/j/9105910199

Course web: https://web.unbc.ca/~chenj/course/syllabus422.htm

Information regarding the School of Business at UNBC can be found at: http://www.unbc.ca/commerce

COURSE DESCRIPTION

The financial management issues of financial institutions such as chartered banks, insurance companies, trust companies, mortgage and loan companies, pension funds and investment companies. The regulatory environment and the asset and liability management techniques employed.

Study the management issues of financial institutions. Explain how financial institutions help real economic activities. Analyze risk management practices and regulatory environment. Discuss monetary policy and financial crisis. Explore the sustainability of the economy and its long term implications to financial institutions.

PREREQUISITES: COMM 321

COURSE LEARNING OBJECTIVES

Upon successful completion of the course, students will be able to:

How discount rate is related to other major factors in economic activities
Main factors affecting loan rates
The short term and long term impacts of monetary policies
Practices of risk management in financial institutions

REQUIRED TEXT AND READING MATERIALS

Notes will be distributed in the classes.

COURSE ASSIGNMENTS, EXAMS AND GRADE WEIGHTING
Assessment	Grade Weight
Two presentations	30% each, 60% total
Class participation	10%
Final essay with at least 1500 words	30%
Total	100%

Each group presentation will be all in videos of no less than thirty minutes. Presentations will be conducted by groups of up to five students. Each group presentation should contain a question that is related to the presentation. Group presentations will be graded by all students except the authors. Class participation marks will be based on the numbers of grading on group presentations and the answers of the questions from the group presentations. Final essay will be written by individuals. The total grades will be scaled so the average grade of the class will be B+.

You can upload the videos on YouTube or on any drive.

course SCHEDULE:

Week	Date	Topic (PPT)	Note
1	Jan 10	Introduction	Overview
2	Jan 17	The most useful formula The most useful formula, examples Main factors in production and financing	Excel file
3	Jan 24	Determinants of loan rates
4	Jan 31	Monetary Policy	Excel file, Cantillon Effect, Cantillon’s book, audio
5	Feb 7	Insurance	Excel file
6	Feb 14	Pension systems	An article on pension systems, CPP calculation
7	Feb 21	Spring break, no class
8	Feb 28	Group Presentation	Presentation sample
9	Mar 7	Regulation and risk management notes	Inside Job (A documentary) The Big Short (Movie) Hedge: The best hedging
10	Mar 14	Theory of value	Excel file
11	Mar 21	Theory of value: Applications	Freedom from Choice
12	Mar 28	sustainability
13	Aril 4	Group Presentation
		Final Essay	Due April 14

ASSURANCE OF LEARNING GOALS AND OBJECTIVES

	COMM 422
Goals	Objectives	Introduce	Emphasize	Reinforce	Partial	Assessed By
Communication	Produce a concise and logical piece of written communication			*		Project and exam
	Create and conduct a clear and effective oral presentation			*		Project
	Generate new and original ideas		*			Project and discussion
	Prepare an effective presentation of data		*			Project
Global Leadership	Apply a global perspective to business problems		*			Project and exam
	Demonstrate how to inspire people		*			Project and discussion
	Determine how to manage a team
	Use ideas that are new to them		*			Project and exam
	Express how to diplomatically interact (act) with people
Critical thinking	Analyze business situations			*		Project and discussion
	Explain the cause and effect of business actions			*		Project and discussion
	Determine how to achieve business goals		*			Project and discussion
	Identify the veracity of data
Social Responsibility	Demonstrate the importance of SR (economic, social and environmental)			*		Project
	Recognize the role of ethics in business practices and social responsibilities			*		Project and discussion
Technical Skills	Use appropriate technological tools for computation of business problems		*			Project and discussion
	Identify relevant systems for businesses
	Apply technological tools for data analysis and business decisions		*			Project and discussion

The School of Business has been working on curriculum mapping to align our offerings with the vision of “Fostering Business Leadership with a Global Vision in the North and Beyond” and to maintain our high quality of Business education at UNBC. Toward this end, the school has set the learning goals and objectives listed below for the BCOMM program.

Learning Goals	Learning Objectives	Goals and objectives addressed in COMM 422	Assessed by
Communication	Produce a concise and logical piece of written communication	*	Project and exam
	Create and conduct a clear and effective oral presentation	*	Project
	Generate new and original ideas	*	Project and discussion
	Prepare an effective presentation of data	*	Project
Global Leadership Skills	Apply a global perspective to business problems	*	Project and exam
	Demonstrate how to inspire people	*	Project and discussion
	Determine how to manage a team
	Use ideas that are new to them	*	Project and exam
	Express how to diplomatically interact (act) with people
Critical Thinking	Analyze business situations	*	Project and discussion
	Explain the cause and effect of business actions	*	Project and discussion
	Investigate the veracity of business data
	Determine how to achieve business goals	*	Project and discussion
Social Responsibility	Demonstrate the importance of SR (economic, social and environmental)	*	Project
Social Responsibility	Recognize the role of ethics in business practices and social responsibilities	*	Project and discussion
Use of Technology	Use appropriate technological tools for computation of business problems	*	Project and discussion
	Identify relevant systems for businesses
	Apply technological tools for data analysis and business decisions	*	Project and discussion

Conduct in Examinations

Students must present appropriate identification upon entering the examination room. Appropriate identification is defined as a UNBC student card and/or some other form of photo identification acceptable to the proctor. The following regulations apply to the conduct of examinations in this course:

Students are not allowed to carry class notes, reading materials, and any electric device, except their textbook and financial calculator.
No candidate is permitted to enter the examination room more than 30 minutes after the beginning of the examination, or permitted to leave within 30 minutes after the examination has started.
Candidates must not communicate in any way with other candidates in the examination room.
Candidates must not leave their seats, except when granted permission by the proctor.
Candidates must turn in all materials, including rough work, upon leaving the examination room.
Food and beverages other than water are not permitted in the examination room.

MISSING EXAM

Advance notice must be given when a student is unable to appear for an examination. Only duly authenticated bereavement, illness and legitimate reasons are admissible justifications for absence from a scheduled examination (e.g. Writing a CPA exam and there is a time conflict).

Do not schedule travel during the exam period that may conflict with your midterm and final exams.

IF YOU HAVE MISSED A FINAL EXAMINATION

Satisfactory explanation, with supporting documentation as appropriate, must be made by the student or designate to the instructor within 48 hours from the time the examination was written. Normally, for explanations of sickness, a doctor's certification is required.

GRADE SCALE

See UNBC Undergraduate Calendar, General Academic Regulations, section 39 for UNBC Grading System Information for further details.

Academic Misconduct

It is the student's responsibility to be aware of UNBC's Academic regulations, policies and procedures as described in Section 45 and 46 of the General Academic Regulations section within the Undergraduate Academic Calendar. Please refer to the UNBC website. Any conduct that violates the standards of the University as set out in the Undergraduate University Calendar, particularly those related to academic honesty, is a serious offense. The formal processes set out in these Regulations are to be followed.

RESPECT

Please demonstrate respect to your fellow classmates who express their thoughts and explore new ideas in the course.

ETHICAL STANDARDS

The following behaviors are considered unethical:

Telling the instructor that you "need" a certain grade
Asking for extra assignments for the purpose of raising a grade
Asking that the grade be raised because it is very close to the next higher grade
Asking that the grade be raised because you did very well on one part of the course or grading

Scheme

Asking for a higher grade because you don't like the grading scheme
Asking to be allowed to turn in an assignment/project late - even a few minutes late - because of

problems in computer and/or printer or any other reasons

Asking to be treated better than other students by making an exception to the rules
Asking for any other unfair advantage in grading

ACCESS RESOURCE CENTRE

If there are students in this course who, because of a disability, may have a need for special academic accommodations, please come and discuss this with me, or contact staff at the Access Resource Centre (arc@unbc.ca) located in the Teaching and Learning Centre, Room 10-1048 on the main campus. Students can also call the ARC at (250) 960-5682. Regional students can call the Centre toll-free at 1(888) 960-5682.

ACCESS SUCCESS CENTRE

The Academic Success Centre offers support for mathematics, writing, study skills, physics, statistics, commerce and economics. Services are available through one-to-one tutoring at the centre (room 10-2584, second floor of the Teaching and Learning Building), drop-in writing support is available on the first floor of the Library, and drop-in mathematical support is available at MACE (room 10-2088). Peer-led supplemental sessions are held for select courses – more information will be announced in your classes. In addition, online support, including online writing tutoring, is available through the website at www.unbc.ca/asc. All ASC services are Free to UNBC students! ASC us!