Introduction to the Financial Sector (2cr)

Evaluation scale

1-5

Objective

The student can describe the earnings logic of key actors in the financial sector (banks, insurance companies, financing companies). The student can list the most important financial sector firms in Finland and describe their roles in the economy. The student can describe a normal credit decision process of a bank as well as recognise and assess the more common issues relating to credit risk management. The student is familiar with the most common insurance products.

Content

The financial sector and its development in Finland, financial supervisory authority, credit policy, the credit decision process, credit risk management, statutory and voluntary insurance policies.

Materials

Lecture materials and other materials announced by the lecturer.

Teaching methods

Lectures and guest lectures, independent work.

Employer connections

None.

Student workload

Total workload 54 h
- of which scheduled studies 20 h
- of which autonomous studies 34 h

Assessment criteria, satisfactory (1)

(1 to 2): The student is able to satisfactorily describe the basics of earnings logic and the key phases of a normal credit decision process. The student recognizes satisfactorily and is able to assess to some extent the most common factors related to credit risk management. The student is able to mention the most common insurance products.

Assessment criteria, good (3)

(3 to 4): The student is able to describe well the earnings logic of the key finance-sector actors (banks, insurance companies, finance companies). The student can mention the largest finance companies and fluently describe their roles in the economy. The student is also able to describe a normal credit decision process in a comprehensive way, to recognize all the most common factors related to credit risk management, and is able to analyze them well. The student is able to mention the most common insurance products.

Assessment criteria, excellent (5)

(5): The student is able to excellently describe the earnings logic of the key finance-sector actors (banks, insurance companies, finance companies). The student can mention the largest finance companies and fluently describe their roles in the economy, and describe competition in the sector. The student is also able to excellently describe a normal credit decision process, to recognize with insight a credit decision differing from a normal one, and to excellently analyze common factors related to credit risk management. The student is able to describe the most common insurance products.

Qualifications

None required.