CO-FINS3648-Term 1-FINS3648 Banking, Finance and Technology - 2021 PDF

Preview

Summary

outline...

Description

UNSW Business School Course Outline

FINS3648 Banking, Finance and Technology - 2021 Study Level Undergraduate

Term Term 1

business.unsw.edu.au - CRICOS Code 00098G View course outline in browser

UOC 6 Units of Credit

Location Online

School Banking & Finance

| Printed: 17/2/2021 | 1 of 18

1. Course Details Summary of Course This course deals with implications of technological advances on current and future state of financial industry. The intention is to trigger a disruptive and innovative thinking process and to enforce the notion that recent structural changes across the financial industry provide spectrum of valuable internal and external opportunities. It introduces computational finance and banking technology using the open source programming language of python in the context of finance theory and applications. Case studies to be explored include digital currency (Bitcoin), settlements (Blockchain), hedging, trading and financial advisory.

Teaching Times and Locations Please note that teaching times and locations are subject to change.Students are strongly advised to refer to the Class Timetable website for the most up-to-date teaching times and locations. View course timetable

Course Policies & Support The Business School expects that you are familiar with the contents of this course outline and the UNSW and Business School learning expectations, rules, policies and support services as listed below: Program Learning Outcomes Academic Integrity and Plagiarism Student Responsibilities and Conduct Special Consideration Protocol for Viewing Final Exam Scripts Student Learning Support Services Further information is provided in the Assessment and Policies and Support sections. Students may not circulate or post online any course materials such as handouts, exams, syllabi or similar resources from their courses without the written permission of their instructor.

Course Aims and Relationship to Other Courses Technology is a disruptive factor that is transforming the banking and finance industry, It is important that finance graduates are informed of these development and have a basic understanding of the underlying technology so they could contemplate, adapt, innovate and shape an increasingly technology driven world. This course builds on basic finance theory and capital market courses and complement other finance courses with a unique technology and innovation perspective.

Student Learning Outcomes

business.unsw.edu.au - CRICOS Code 00098G View course outline in browser

| Printed: 17/2/2021 | 2 of 18

The Course Learning Outcomes (CLOs) are what you should be able to demonstrate by the end of this course, if you participate fully in learning activities and successfully complete the assessment items. CLOs also contribute to your achievement of the Program Learning Outcomes (PLOs), which are developed across the duration of a program for all coursework students in the Business School. More information on PLOs is available under Policies and Support . PLOs are, in turn, directly linked to UNSW graduate capabilities and the aspiration to develop “globally focussed graduates who are rigorous scholars, capable of leadership and professional practice in an international community”. The following table shows how the CLOs for this course relate to the overall PLOs and indicates where each CLO and PLO is assessed:

Course Learning Outcomes

Program Learning Outcomes

On successful completion of the course, you should be able to:

This course helps you to This learning outcome will be develop the following assessed in the following Program Learning items: Outcomes:

Understand global FinTech landscape and describe the role of banks and financial service providers in shaping and responding to innovation and disruption Describe banking and finance ecosystem and the role of consumers in shaping up current environment. Link behavioural finance theories to technological advances in banking.

PLO 1: Business knowledge

Quiz #1

PLO 1: Business knowledge

Quiz #2

PLO 2: Problem solving Think holistically and generate finTech ideas. PLO 3: Business Understand the forces behind technological communication changes in the industry and apply disruption PLO 4: Teamwork methodologies to practical case studies. Disruption is opportunity not a threa Evaluate finTech proposals. Recognize what type of innovation and disruption is value added with a potential to reshape legacy environment. Appreciate various challenges and complexities in the process of finTech innovation. Pitch finTech proposal. Gain practical exposure to finTech style of presentation to open audience. Posses the ability to critically discuss and present realistic proposal from idea generation to implement Gain introductory programming skills in the context of finance theory and application using Python platform. Appreciate the possibilities and boundaries of technology business.unsw.edu.au - CRICOS Code 00098G View course outline in browser

Course Assessment Item

PLO 3: Business communication PLO 4: Teamwork PLO 5: Responsible business practice

PLO 2: Problem solving PLO 3: Business communication PLO 4: Teamwork PLO 7: Leadership development PLO 1: Business knowledge PLO 2: Problem solving

FinTech Proposal

FinTech Proposal

FinTech Proposal

Python Assignment

| Printed: 17/2/2021 | 3 of 18

business.unsw.edu.au - CRICOS Code 00098G View course outline in browser

| Printed: 17/2/2021 | 4 of 18

2. Staff Contact Details Position Title

Name

Email

Location

Phone

Consultation Times

Lecturer- Mr incharge

Juraj Hric

Email

–

–

–

business.unsw.edu.au - CRICOS Code 00098G View course outline in browser

| Printed: 17/2/2021 | 5 of 18

3. Learning and Teaching Activities Approach to Learning and Teaching in the Course This is a practical and hands on course. Teamwork is essential. Students undertake a group presentation simulating pitch proposal to open audience. The project requires all stages and steps of the proposal to be fully contemplated, from idea generation to implementation. Each student is expected to take on a role in the team and deliver as a team as well as an individual. The course will draw on concepts, problems and practical implications from textbooks, academic papers, financial press articles as well as relevant financial regulators and government agencies. The aims of this course are: Develop disruptive and innovative thinking process to enforce the notion that technological advances across the industry create spectrum of valuable opportunities Develop skills in collaboration and teamwork to be able to adapt and innovate in an increasingly technology driven world This course is thus designed and developed for students aiming to understand the connections between banking, finance and technology.

Learning Activities and Teaching Strategies This course is a combination of formal seminars with case studies, group proposal and programming assignment. The lectures are used to explain concepts and to provide details of relevant case studies. The group proposal is designed to capture the essence of current workplace, teamwork. The programming assignment is aimed to introduce certain aspects of problem-solving and highlight benefits and boundaries of technology.

business.unsw.edu.au - CRICOS Code 00098G View course outline in browser

| Printed: 17/2/2021 | 6 of 18

4. Assessment Formal Requirements In order to pass this course, you must: achieve a composite mark of at least 50 out of 100; meet any additional requirements described in the Assessment Summary section. You are expected to attempt all assessment requirements in the course.

Assessment Structure Assessment Task Quiz #1 Quiz #2 Class contribution FinTech Proposal Python Assignment

Weighting 20% 20%

Length

Due Date

40 min

During Week 4

40 min

During Week 8

10%

–

30%

–

20%

–

Check Moodle Check Moodle Check Moodle

Assessment Summary As a student at UNSW you are expected to display academic integrity in your work and interactions. Where a student breaches the UNSW Student Code with respect to academic integrity, the University may take disciplinary action under the Student Misconduct Procedure. To assure academic integrity, you may be required to demonstrate reasoning, research and the process of constructing work submitted for assessment. To assist you in understanding what academic integrity means, and how to ensure that you do comply with the UNSW Student Code, it is strongly recommended that you complete the Working with Academic Integrity module before submitting your first assessment task. It is a free, online self-paced Moodle module that should take about one hour to complete.

Quiz Quiz #1 tests the material covered in Week 1-3. Quiz #2 tests materials covered in Week 4-7. This will be in a format of Multiple Choice Questionnaire. This is aimed to allow you to receive early feedback on your performance and understanding of covered topics.

Class Contribution In-class contribution is important component of this course. This gives you space to express your opinions and add value to ongoing class discussions.

business.unsw.edu.au - CRICOS Code 00098G View course outline in browser

| Printed: 17/2/2021 | 7 of 18

Group Presentation Teamwork is essential component of current workplace. As a team of finTech specialists you propose solution for one of your companies, prepare pitch presentation for Accelerator/Incubator or internal Change Management Program. Small groups (5 students) will be formed around Week 2. By default groups are formed following the alphabetical order. Each student is expected to take on a role in the team and deliver as a team as well as an individual. Group presentation is assessed on group component (30%). The team members are responsible to decide on team's governance structure and member's role allocation. Further details on group formation and tips on how to make a good sales pitch presentation will be posted on Moodle.

Programming Assignment Python assignment #1 tests the basic understanding of Python programming language..

Assignment Submission Procedure Submission procedures for all assessment tasks will be made available on Moodle prior to the assessment date. Students are advised to keep a copy of all work submitted for assessment and to keep their returned marked assignments.

Assessment Feedback Feedback on student performance from formative and summative assessment tasks will be provided to students in a timely manner. Assessment tasks completed within the teaching period of a course, other than a final assessment, will be assessed and students provided with feedback, with or without a provisional result, within 10 working days of submission, under normal circumstances. Feedback on continuous assessment tasks (e.g. laboratory and studio-based, workplace-based, weekly quizzes) will be provided prior to the midpoint of the course.

Special Consideration You can apply for special consideration when illness or other circumstances beyond your control interfere with your assessment performance (to apply see Special Consideration on the UNSW Current Students page). Special Consideration is primarily intended to provide you with an extra opportunity to demonstrate the level of performance of which you are capable. Special Consideration applications will be assessed centrally by the Case Review Team within Student Lifecycle. The Case Review team will update the online application with the outcome and add any relevant comments. Please note the following: Applications can only be made through Online Services in myUNSW. Applications will not be accepted by teaching staff. The lecturer-in-charge/course coordinator will be automatically notified when you lodge an online application for special consideration. Applying for special consideration does not automatically mean that you will be granted a supplementary exam or other concession. If you experience illness or misadventure in the lead up to an exam or assessment, you must submit an business.unsw.edu.au - CRICOS Code 00098G View course outline in browser

| Printed: 17/2/2021 | 8 of 18

application for special consideration, either prior to the examination taking place, or prior to the assessment submission deadline , except where illness or misadventure prevent you from doing so. If you sit the exam/submit an assignment, you are declaring yourself well enough to do so and are unable to subsequently apply for special consideration. If you become unwell on the day of the exam, you must provide evidence dated within 24 hours of the exam, with your application. The current provisions will continue for exceptional circumstances, for example, if a student falls sick during an exam. Other exceptions will continue to be examined on a case by case basis by the Student Lifecycle team. Special consideration requests do not allow the awarding of additional marks to students. Further information on Business School policy and procedure can be found under “Special Consideration” on the Policies and Support page. The School of Banking and Finance supports the concept to leave the course lecturer-in-charge to stipulate a penalty of 0 to 10% of the percentage weight of the assessment component or part thereof per day. Details of such penalties will be available on the course Moodle page. Applications for extension are restricted to cases of serious illness, bereavement or misadventure and students must provide documentary evidence. Decisions on such applications will be based on policies that are consistent with the policies adopted by UNSW Business School for such cases.

Protocol for Viewing Final Exam Scripts UNSW students have the right to view their final exam scripts, subject to a small number of very specific exemptions. The UNSW Business School has set a protocol under which students may view their final exam script. Individual schools within the Faculty may also set up a local process for viewing final exam scripts, so it is important that you check with your School. Further school-specific information may be included below. Further to the Business School protocol for viewing final exam scripts: 1. A student must lodge a request to view theirfinal exam script within 3 days immediately following the official release of overall course results. Applications must be made by completing the online form .

2. The School may fix a time at which all students wishing to see their exams will be permitted to do so, and the School may fix a time for each course on that day. The School may refuse to allow access to the exams at other times.

Protocol for Viewing Other Exam Scripts is the similar to that of viewing final exam scripts except the working days are defined with reference to the release date of specific assessment result.

Quality Assurance The Business School is actively monitoring student learning and quality of the student experience in all its programs. A random selection of completed assessment tasks may be used for quality assurance, such as to determine the extent to which program learning goals are being achieved. The information is required for accreditation purposes, and aggregated findings will be used to inform changes aimed at improving the quality of Business School programs. All material used for such processes will be treated as confidential.

business.unsw.edu.au - CRICOS Code 00098G View course outline in browser

| Printed: 17/2/2021 | 9 of 18

5. Course Resources Moodle course website The website for this course is on Moodle. All materials will be posted there and discussion forums will be available for your use.

Lecture Notes and Reading List Lecture notes and reading materials will be posted and available on Moodle. There is number of readings required for each seminar, the rest consists of optional supporting and supplementary readings.

business.unsw.edu.au - CRICOS Code 00098G View course outline in browser

| Printed: 17/2/2021 | 10 of 18

6. Course Evaluation & Development Feedback is regularly sought from students and continual improvements are made based on this feedback. At the end of this course, you will be asked to complete the myExperience survey , which provides a key source of student evaluative feedback. Your input into this quality enhancement process is extremely valuable in assisting us to meet the needs of our students and provide an effective and enriching learning experience. The results of all surveys are carefully considered and do lead to action towards enhancing educational quality.

I am looking forward to your feedback. If at any time you have any concerns with your progress or any aspects of the course, please feel free to contact me to discuss your concerns.

business.unsw.edu.au - CRICOS Code 00098G View course outline in browser

| Printed: 17/2/2021 | 11 of 18

7. Course Schedule Note: for more information on the UNSW academic calendar and key dates including study period, exam, supplementary exam and result release, please visit: https://student.unsw.edu.au/ new-calendar-dates

Week

Activity

Week 1: 15 February

Seminar

Week 2: 22 February

Seminar

Week 3: 1 March

Seminar

Week 4: 8 March

Seminar

Week 5: 15 March

Seminar

Week 6: 22 March

Seminar

Week 7: 29 March

Seminar

Week 8: 5 April

Seminar

Week 9: 12 April

Seminar

Week 10: 19 April

Seminar

Topic Introduction to the World of FinTech FinTech Innovation & Disruption FinTech Infrastructure Current Finance and Banking Ecosystem Distributed Markets and RegTech Revision Behavioural FinTech Applied ML & AI in Finance BlockChain and Crypto Opportunities and Applications

business.unsw.edu.au - CRICOS Code 00098G View course outline in browser

Assessment/ Other –

–

–

Quiz #1 –

– – Quiz #2 – –

| Printed: 17/2/2021 | 12 of 18

8. Policies and Support Information about UNSW Business School protocols, University policies, student responsibilities and education quality and support.

Program Learning Outcomes The Business School places knowledge and capabilities at the core of its curriculum via seven Program Learning Outcomes (PLOs). These PLOs are systematically embedded and developed across the duration of all coursework programs in the Business School. PLOs embody the knowledge, skills and capabilities that are taught, practised and assessed within each Business School program.They articulate what you should know and be able to do upon successful completion of your degree. Upon graduation, you should have a high level of specialised business knowledge and capacity for responsible business thinking, underpinned by ethical professional practice. You should be able to harness, manage and communicate business information effectively and work collaboratively with others. You should be an experienced problem-solver and critical thinker, with a global perspective, cultural competence and the potential for innovative leadership. All...