NORTHERN CARIBBEAN UNIVERSITY

COLLEGE OF BUSINESS AND MANAGEMENT

Department of Business Administration & Hospitality Management

FNCE 475: MANAGEMENT OF FINANCIAL INSTITUTIONS

Spring Semester 2023

DEGREE BACHELORS OF SCIENCE IN BUSINESS

ADMINISTRATION

MAJOR: FINANCE

COURSE NAME: MANAGEMENT OF FINANCIAL INSTITUTIONS

COURSE CODE: FNCE 475

NUMBER OF CREDITS: 3

NUMBER OF HOURS: 45 Hours

LECTURE TIME: 8:00am – 9:20 am (Mondays & Wednesdays)

SPECIAL NOTE: This is an online blended (synchronous and asynchronous) course.

There is no onsite class meetings.

DURATION OF CLASS: This class begins on Jan. 9, 2023 and ends Apr. 20, 2023

FINAL EXAM: TBD.

NAME OF LECTURER: Andrew M. Carty, MBA

EMAIL ADDRESS: andrew.carty@ncu.edu.jm

OFFICE HOURS: 24/7 Online; Allow up to 72 hours for a response.

PREREQUISITES: Financial Markets and Institutions

FNCE 475 Management of Financial Institutions – Course Outline – Page 1 of 23

COURSE OVERVIEW AND INTRODUCTION

Welcome to FNCE 475 Management of Financial Institutions. This course will be conducted
online via lectures, readings and discussions based on the text, supplemental materials, group,
and individual assignments. Discussions are designed to enhance collaborative learning and
assignments and exams are to enhance an understanding of the material presented in the course.

Course Description
This course looks at the roles of Financial Institutions in society and the regulatory environment
set up to protect those roles. Aspects that will be examined in this course are liquidity, interest
rate, market, credit, off-balance sheet, and operating risks and the determining of equity capital
to maximize risk adjusted returns on capital, from a managerial perspective.

This course provides students with the insight into the services, pricing, techniques, goals and
objectives, management styles, internal problems and risks of financial institutions, and the
markets in which they operate. The course accomplishes this insight by (i) profiling the financial,
operating, and organizational characteristics of each type of financial institution, and (ii)
examining the services offered by these firms to the public.

COURSE LEARNING OUTCOMES:

On completion of this course, the student will be able to:
1. Describe the nature and role of each financial institution in the financial system.
2. Explain how different types of financial institutions operate.
3. Comply with the rules and regulations relevant to financial institutions.
4. Identify the unique management problems faced by most financial institutions and formulate
feasible solutions to those problems.
5. Generally master the basic techniques adopted by financial institutions for making
management decisions.
6. Estimate and control the risk exposures of various financial institutions.
7. Develop and price new financial services.
8. Deal with problems of failing financial institutions.

MAIN TEXT
Hull, John C. (2010).Risk Management and Financial Institutions. (2nd ed.). Boylston Street,
Boston: Pearson Education.

SUPPLEMENTARY READING LIST

Czinkota, M. R., Rivoli, P., & Ronkainen, I.A. (1989). International business.Chicago: Dryden
Press.

Mishkin, F.S., Eakins, S.G., (2012). Financial markets and institution. (7th ed.). New Jersey,
USA: Prentice Hall

FNCE 475 Management of Financial Institutions – Course Outline – Page 2 of 23

Arnold, G., (2011). Modern financial markets & institutions: A practical perspective. (1st ed.).
New Jersey, USA: Prentice Hall.

Casu, B., Girardone, C., & Molyneux, P., (2006). Introduction to banking. (1st ed.). New
Jersey, USA: Prentice Hall.

Dermine, J., (2007). Asset and liability management: The banker's guide to value creation and
risk control. (2nd ed.). New Jersey, USA: Prentice Hall.

Fabozzi, F., Modigliani, F., Jones, F. (2013). Foundations of financial markets and
institutions. (4th ed.) New Jersey, USA: Prentice Hall

Howells, P., Bain, K. (2008). Financial markets and institutions. (5th ed.). New Jersey, USA:
Prentice Hall

Howells, P., Bain, K. (2008). The economics of money, banking and finance. (4th ed.). New
Jersey, USA: Prentice Hall

Keown. A. J.et al. (2005). Financial management: Principles & applications, (11th ed.)
New Jersey, USA: Prentice Hall

Keown. A. J.et al. (2010). Foundations in finance. (7th ed.) New Jersey, USA: Prentice Hall

Mishkin, F.S., (2007). The economics of money, banking, and financial markets. (8th ed.). New
Jersey, USA: Prentice Hall

Mishkin, F.S., (2013). The economics of money, banking, and financial markets: The business
school edition. (3rd ed.). New Jersey, USA: Prentice Hall

Mishkin, F.S., Eakins, S.G., (2009). Financial markets and institution. (6th ed.). New Jersey,
USA: Prentice Hall

Mishkin, F.S., Eakins, S.G., (2015). Financial markets and institution. (8th ed.). New Jersey,
USA: Prentice Hall

Taylor, F., (2009). Market know how: finance and markets. (1st ed.). New Jersey, USA:
Prentice Hall.

Van Horne, J., & Wachowicz, J.M., (2008). Fundamentals of financial management. (13th ed.).
New Jersey, USA: Prentice Hall.

Vaitilingam, R., (2010). FT guide to using the financial pages. (6th ed.). New Jersey USA:
Prentice Hall

FNCE 475 Management of Financial Institutions – Course Outline – Page 3 of 23

Journals

 Harvard Business Review

 Wall Street Journal
 The Daily & Sunday Gleaner
 The Daily & Sunday Observer

Websites
1. http://www.mof.gov.jm/
2. http://www.jamstockex.com
3. http://www.boj.org.jm

Faith and Learning Outcomes:

Throughout the course we will:

1. Communicate the principle of honesty in relation to managing finance as this will have
long-term effects on our moral and spiritual lives.
2. Become skilled in the manifestation of God’s purpose in our individual lives.
3. Topics discussed will be related to everyday, practical, ethical and moral issues.

These will be brought out in each unit, specific to the concept being taught.

Service Learning Outcomes:

To enable students to use the biblical story concerning talents to embrace the purpose of the
firm that is to increase stakeholder wealth and the principle of being good stewards.

FAITH AND LEARNING OUTCOMES

Throughout this course students will be able to:

1. Provide a rationale why we should “seek… first, the Kingdom of God, and His
righteousness.”
2. Communicate the topics to present day, practical, ethical and moral issues.
3. Demonstrate the fulfilment of God’s manifestation in our lives and that hard work done
in an orderly fashion will result in value added.
4. Behave in a manner that is reflective of a lifestyle made in the image of God.
5. Recognize the importance of ethical values such as honesty, integrity, respect and
fairness as fundamental moral principles taught by God.

VALUES AND ATTITUDES: FOCUS

FNCE 475 Management of Financial Institutions – Course Outline – Page 4 of 23

  Christ-likeness
 Integrity
 Justice

Christ-likeness:
The Instructor and ALL the students of ECON 132: Personal Finance and Development class,
commit to exercising the highest levels of Christ-likeness in all actions during this semester in
relation to the following:

 Handling student issues in a fair and equitable manner

 Displaying honesty with submitted work
 Displaying kindness to each other
 Displaying humility, compassion and unselfishness to each other
 Showing confidence in all things through Christ who strengthens me. Philippians 4:13.

Integrity
The Instructor and ALL the students of ECON 132: Personal Finance and Development class,
commit to exercising the highest levels of integrity in all actions during this semester in relation
to:
 Honouring deadlines.
 Practicing academic honesty - with respect to the use of published works; at all times.
 The required behaviour during examination and quizzes.
 Full participation in group work – team work.
 Relations with peers and superiors.
 Stewardship of tools, equipment and the environment.
 General conduct and behaviour.

Justice:
The Instructor commits to exercising the highest levels of justice in all actions during this
semester in relation to:
 Fair grade for work done.
 Timely redress of issues, grouses.
 Production of quality academic work.
 The required behaviours of all students during examination and quizzes.
 Impartial treatment of all students.
 Genuinely seeking out ways to be unbiased to others, so that they may know, feel,
and have a greater understanding of Christ love.
 Acting as a liaison between students, administration in addressing classroom
challenges.

ASSESSMENT AND MEASUREMENT

FNCE 475 Management of Financial Institutions – Course Outline – Page 5 of 23

Grades will be the composite of assignments (both individual and group), three examinations,
two quizzes, and a final exam valued 40 percent of the total grade.
EVALUATION:

Grading Information/Course Work Weighting

%
Sectional Exams (2) 30%
Quizzes (2) 10%
Worksheets/Assignments (2) 10%
Research Project 10%
Final Assignment 40%
Total 100%

Grading Policy

Percentage Score Letter

Equivalent
90 – 100% A
85 – 89% A-
80 – 84% B+
75 – 79% B
70 – 74% B-
65 – 69% C+
60 – 64% C
55 – 59% C-
50 – 54% D
Less than 50% F

COURSE SCHEDULE

FNCE 475 Management of Financial Institutions – Course Outline – Page 6 of 23

 Dates Course Content Reading Assignment/Activity
Due
Week 1-2 Financial Institutions and the role of Financial Chapters To be assigned by
Institutions in a financial system to be Lecturer
assigned
by
Lecturer
Week 3-4 Ethics and social responsibility of financial
institutions
Agency problem
Asymmetric information problem: adverse selection
and moral hazard
The Economic, Financial and Regulatory
Environment within which Financial Institutions
Operate
Week 5 SECTIONAL # 1
Week 6 Money and capital markets
Week 7 Monetary Policy
Financial Markets Regulation
Week 8-9 Review of the financial institutions, banking systems
and related regulations in Jamaica
Competition among financial institutions
Week 10 Commercial Bank Management
The role of commercial banks in the economy
The bank clearing and fund transfer system
Week 10 SECTIONAL # 2
Week 11 Sources and uses of funds of commercial banks
Risk management
Week 12 Bank performance analysis
Week 12 Banking structure and regulation
Off-balance sheet activities
Week 13 Management of Other Financial Institutions
Other depository institutions
Non-depository institutions
Week 13 Contractual financial institutions such as insurance
companies and pension funds
Investment institutions such as unit trusts and
investment trusts
Week14 The International Dimension
International financial institutions
International financial systems
Week 14 SECTIONAL # 3
Week 15 International banking standard: The Basel II
agreement
Key Issues and Problem Areas in the Management
of Banks and Other Financial Institutions
FNCE 475 Management of Financial Institutions – Course Outline – Page 7 of 23
Week 15 Liquidity management
Lending policies
Week 15 Investment policies
Raising funds for a financial institution
Week 15 Capital management
Asset/Liability management
Performance Analysis

Course Schedule
The schedule below describes the learning activities that will help you achieve the course
outcomes listed above and the assignments that will be used to measure your mastery of the
outcomes. Each weekly section is divided into readings, lectures, activities, discussions, and
assignments.
Assignments: Learning objectives will be concretized through individual and group assignments.
These assignments will cover particular concepts/chapters.
Quizzes: Learning outcomes will also be assessed using quizzes that will cover one or two
chapters and will include objective type questions (True or False, multiple choice, fill in the
blanks).
Sectional tests: Three (3) Sectional tests will be done over the semester. The first sectional test
will cover chapters 1-5, the second sectional will cover chapters 6-9, and the third sectional will
cover chapters 11-14, 16, 17.
The due dates for the assignment submissions, quizzes and sectional tests are outlined on the
Class Schedule. Quizzes and sectional tests will be timed and once you access a test, you must
complete it in one sitting. Tests will close automatically after the time is expired. Therefore, read
the text before you start the test. Students are expected to maintain academic integrity and thus
duplicated or plagiarized work will be penalized.

COURSE CONTENT:

UNIT 1: Global Financial Environment

Instructional Outcomes: At the end of Unit 1, the student – teacher will

1.1 Apply the risk vs return in various investor scenarios
1.2 Synthesize the use of efficient frontier in investment selection
1.3 Discuss the use and application of the arbitrage pricing theory
1.4 Examine the importance of the international monetary system
1.5 Define and discuss risk management by financial institutions

FNCE 475 Management of Financial Institutions – Course Outline – Page 8 of 23

Content
 Risk and return for investors
 Efficient frontier
 Arbitrage pricing theory
 Capital asset pricing model
 Risk and return for companies

Major activities:
 Brief question and answer session.
 Discussion.
 End of chapter problem solving
 End of chapter assignments.
 Case Discussion

Key terms:

 Arbitrage pricing theory  Nonsystematic risk

 Bankruptcy costs  Risk aggregation
 Capital asset pricing model  Risk decomposition
 Efficient frontier  Risk-free investment
 Expected return  Standard deviation
 Market portfolio  Systematic risk

Faith and learning

UNIT 2: Banks, Insurance companies and Pension plans

Instructional Outcomes: At the end of Unit 2, the student- teacher will

2.1. Distinguish between commercial banking and investment banking
2.2 Integrate the use of and importance of deposit insurance
2.3. Discuss the concept of securities trading and why banks trade
2.4 Discuss and evaluate potential conflicts of interest in banking
2.5 Calculate and analyse the risks facing banks

Content:
 Commercial banking
 Investment banking
 Capital requirements of small banks
 Potential conflicts of interest in banking
 Risks facing banks

FNCE 475 Management of Financial Institutions – Course Outline – Page 9 of 23

Major activities:
 Case Analysis
 Groups will prepare creative presentations on conflicts of interest facing banks.
 Class work - Problem solving exercises.

Key terms:
 Commercial banking  Nonperforming loans
 Dutch Auction approach  Operational risk
 Economic capital  Originate-to-distribute model
 Initial public offering  Poison pills
 Investment banking  Public offering
 Marked to market  Retail banking
 Money center banks  Wholesale banking
 Multibank holding bank

Faith and learning:

Isaiah 58:11 (NLT)

“The LORD will guide you continually, giving you water when you are dry and restoring your
strength. You will be like a well-watered garden, like an ever-flowing spring.”

Nobody likes to lose what they worked hard to gain in the first place. Nobody enjoys losing.
Period. But sometimes we do. And our efforts to prevent loss have led to the creation of many
job offerings: analysts, forecasters etc have roles that include minimizing a company’s risk
exposure. When we put our trust in God, and totally surrender our lives to him we have an
assurance that he will safeguard us from loss and give protection during adversity. He will
“guide you continually”…”restoring your strength.” We will be like a “well-watered garden.”

Unit 3: Life Insurance Companies and Pension Plans

Instructional Outcomes: At the end of Unit 3, the student-teacher will

3.1 Define and discuss the various types of life insurance
3.2 Discuss the use of annuity contracts
3.3 Apply the use of mortality tables in computing premium payments
3.4 Define and discuss the risks facing insurance companies
3.5 Explain the nature of pension plans and the workings and functioning of such plans

Content:
 Life insurance
 Annuity contracts
 Longevity and mortality risk
 Risks facing life insurance companies
 Pensions plans

FNCE 475 Management of Financial Institutions – Course Outline – Page 10 of 23

Major activities:
 Discussion sessions
 Problem Solving
 Case Analysis
 Quiz

Key terms:

 Premiums  Mortality risk

 Policyholder  Long-tail risk
 Variable annuity  Catastrophic risk
 Accumulated value  Defined contribution plan
 Longevity risk  Defined benefit plan

Faith and learning:

Proverbs 28:20 “A faithful person will be richly blessed, but one eager to get rich will not go
unpunished.”

1. God created each person with the ability to think, reason, and plan. Wise, prudent
planning will lead to positive results or outcomes in the short-term and long-term. Plans
to hastily advance one’s position or possessions often times take a path that has
unpleasant outcomes.
2. We can trust God’s plan for our lives.

UNIT 4: Mutual Funds and Hedge Funds

Instructional Outcomes: At the end of Unit 4, the student-teacher will
4.1 Discuss and distinguish between mutual funds and hedge funds
4.2 Evaluate and decide on hedge funds strategies
4.3 Analyse the returns on hedge funds

Content:
 Mutual funds
 Hedge funds
 Hedge funds strategies and returns

Major activities:
 Class Discussions
 Problem solving
 End of chapter

FNCE 475 Management of Financial Institutions – Course Outline – Page 11 of 23

Key terms:

 Back-end load  Front running

 Beta-neutral fund  Front-end load
 Clawback clause  High water mark clause
 Directed brokerage  Hurdle rate
 Distressed securities  Open-ended mutual fund
 Dollar-neutral fund  Proportional adjustment clause
 Equity-market-neutral fund  Sector neutrality
 Factor neutrality

Faith and learning:

Proverbs 28:20 (NIV)

“A faithful person will be richly blessed, but one eager to get rich will not go unpunished.”

Increasing expected return while minimizing risk exposure is a recurring theme of investors. A
lot of time and analysis goes into constructing an investment portfolio. But even then, there is no
guarantee of success. Get-rich schemes have proven over and over that the end is calamitous.
Those eager to increase in riches are ‘punished’ for their impatience. However, a faithful person
—faithful to morals and standards, faithful to God, will be richly blessed.

Unit 5: Financial Instruments

Instructional Outcomes: At the end of Unit 5, the student–teacher will
5.1 Identify and distinguish between the various asset positions available
5.2 Discuss and analyse the various contracts in the derivative market
5.3 Differentiate and explain the nature and use of margins

Content
 Asset positions
 Derivative markets
 Margins
 Risk management

Major activities:
 Question and answer session
 Discussion
 Problem Solving

Key terms:
 Asian options  Compound options
 Barrier options  Derivatives
 Basket options  Exchange-traded markets
 Binary options  Exercise price
 Call option  Forward contracts
FNCE 475 Management of Financial Institutions – Course Outline – Page 12 of 23
  Futures contracts  Over-the-counter markets
 Initial margins  Put option
 Long position  Short position
 Lookback options  Short-squeezed
 Maintenance margins  Spot trades
 Margins  Strike price
 Options  Swap options

Faith and learning

Proverbs 3:5, 6 “Trust in the LORD with all thine heart; and lean not unto thine own
understanding. In all thy ways acknowledge him, and he shall direct thy paths.”
If only we had certain knowledge of the future! Unfortunately nobody knows what the future
holds. That explains why it is so difficult to make decisions. We consider the implications of
making wrong decisions. Fortunately for us, God knows the future. And we are encouraged to
acknowledge him, and allow him to direct us.

Unit 6: How Traders Manage Risk

Instructional Outcomes: At the end of Unit 5, the student–teacher will
6.1 Explain the various aspects of risk in a trading position
6.2 Discuss the concept of hedging exotic options and its application

Content
 Delta, Gamma, Vega, Theta, Rho
 Hedging exotic options

Key terms:
 Delta  Static options replication
 Delta-neutral portfolio  Time decay
 Gamma  Vega
 Rebalancing  Volatility

Faith and learning

1 Corinthians 2:9 (KJV) “But as it is written, Eye hath not seen, nor ear heard, neither have
entered into the heart of man, the things which God hath prepared for them that love him.”
Everything comes full circle with God. All our plans and projections, along with all our
preparations can come to nought if it is not in God’s plan and will for our lives. The great thing
is that God’s plan for us is comprehensive. The things God has in store for us, has not been seen,
nor have they been heard, neither conceived nor thought about. It is truly awesome to know that
something beyond my imagination and thinking awaits if I love God and follow his leading.

FNCE 475 Management of Financial Institutions – Course Outline – Page 13 of 23

INSTRUCTIONAL PROCEDURE:
1. Brief lectures
2. Discussions
3. Demonstrations/presentation
4. Role play - issues may be given
5. Set reading
6. Project - Research, report,
7. Think pair share
8. Mix/match
9. Round table
10. Classroom “talk show”
11. Micro/Peer teaching
12. Debate
13. Dramatization
14. Display
15. Portfolio
16. Quizzes
17. Games

ADDITIONAL INFORMATION:
 Class Administrative Policies
 NCU Values :

 Affirmation  Integrity
 Christ-centeredness  Leadership
 Collaboration  Respect
 Diversity  Responsibility
 Excellence  Service
 Innovation

Group Project:
To be announced.

Guidelines for Project

1. This project requires you to obtain the last three annual returns of the selected company for
analysis.
2. Read the annual reports paying particular attention to its overseas activities.
3. Ensure that you discuss only information relevant to the foreign element of the operation.
4. Do not focus on company history but rather pay attention to salient facts.
5. Explain the back ground to each fact, its affect for the entity’s performance and what could
have been done better in hindsight.

FNCE 475 Management of Financial Institutions – Course Outline – Page 14 of 23

Before submitting your project check to see that your document conforms to the following
guidelines:
 Typed information (a total of 10 – 15 pages) should include:
o Well developed problem statements.
o An analysis of each problem using theories relevant to your project.
 Prepare a table of contents with corresponding page number.
 Cite specific references and include a reference page at the end of your project.
 Make your work as professional as possible in appearance, presentation and quality.
 Be creative in planning and carrying out your task.
 Use the standard cover page for your project. The project should be bounded or
placed in a folder.
 Use the APA format.

Table of Specification: Sectional I

Domain of Learning/Specific Content Methods of Weighting
Outcomes Assessment
Knowledge/Comprehension Units 1& 2 20 Multiple 20%
Choice
Interpretation/Application/ Unit 1& 2 Essays 40%
Analysis
Knowledge/Comprehension Unit 1& 2 3 Short Answer 40%
Questions
Time: 1hr. 20 mins.
Total 100%
Weight to Overall Course Grade 10%

Table of Specification: Sectional II

Domain of Learning/Specific Content Methods of Weighting
Outcomes Assessment
Knowledge/Comprehension Units 3& 4 20 Multiple 20%
Choice
Interpretation/Application/Analysis/ Unit 3& 4 1 Question 40%
Evaluation
Knowledge/Comprehension Unit 3& 4 3 Short Answer 40%
Questions
Time: 1hr. 20 mins.
Total 100%
Weight to Overall Course Grade 10%

FNCE 475 Management of Financial Institutions – Course Outline – Page 15 of 23

Table of Specification: Sectional III
Domain of Learning/Specific Content Methods of Weighting
Outcomes Assessment
Knowledge/Comprehension Units 5& 6 20 Multiple 20%
Choice
Interpretation/Application/Analysis/ Unit 5& 6 5 Questions to do 60%
Evaluation 3
Knowledge/Comprehension/ Unit 5& 6 3 Questions to do 20%
Critical Thinking & Synthesis 1
Time: 1hr. 20 mins.
Total 100%
Weight to Overall Course Grade 10%

Table of Specification for Final Examination

Domain of Learning/Specific Content Methods of Weighting

Outcomes Assessment
Knowledge/Comprehension Units 1-6 20 Multiple Choice 20%
Critical Thinking & Synthesis Unit 1 - 4 3 Questions to do 2 20%
Application/Analysis/Evaluation Unit 3 - 6 5 Questions to do 3 60%
Time: 2hr. 30 mins.
Total 100%
Weight to Overall Course 40%
Grade

FNCE 475 Management of Financial Institutions – Course Outline – Page 16 of 23

 The Research Paper will be done on a group basis and will carry 10% of the overall grade for the
course. The paper will be assessed as follows:

Distinguished Possibl
Performanc Proficient Intermediate Novice e
e Element ____ Points ____ Points ____ Points
____ Points Score

Establishes and Focused on a purpose; An attempt to Limited

maintains clear evidence voice and/or establish and awareness of
focus; evidence suitable tone maintain purpose and audience and/or
Purpose of distinctive communicate with purpose
1 pt.
and Focus voice and/or the audience
appropriate
tone

Depth and Depth of idea Unelaborated idea Minimal idea

complexity of development supported by development; development,
ideas supported elaborated, relevant unelaborated and/or limited and/or
by rich, details repetitious details unrelated details
Developme engaging
4 pts.
nt of Ideas and/or pertinent
details;
evidence
analysis,
reflection and
insight
Use of Use of references indicate Some references Few references
references ample research
References indicate 2 pts.
substantial
research
Organizatio Careful and/or Logical organization Lapses in focus Random or weak
suitable and/or coherence organization 2 pts.
n
organization
Grammar Control of Few errors in grammar or Some errors in Errors in 1 pt.
and surface features format relative to length grammar and/or grammar and
Formatting and complexity format that do not format (e.g.,
interfere with spelling,
communication punctuation,
capitalization,
headings)

Total 10 pts.
Points

FNCE 475 Management of Financial Institutions – Course Outline – Page 17 of 23

 Rubric for Assessing Oral Presentations:
Oral Presentations will be done on a group basis and will carry 10% of the overall grade for the
course. The presentations will be assessed as follows:

Criteria Distinguished Proficient Basic Unacceptable Score

Organization Extremely well Generally well Somewhat Poor or non- 1
organized organized organized existent
Possible Pts:1 organization

Content: Depth Speaker provides For the most part, Explanations of No reference is 3
and Accuracy an accurate and explanations of concepts and/or made to literature
Content complete concepts and theories are or theory. Thesis
explanation of key theories are inaccurate or not clear;
concepts and accurate and incomplete. Little information
theories, drawing complete. Some attempt is made to included that does
upon relevant helpful tie in theory. There not support thesis
Possible Pts:3 literature. applications of is a great deal of in any way.
Applications of theory are information that is
theory are included. not connected to
included to the presentation
illuminate issues. thesis

Research Effort Went above and Did a very good Used the material Did not utilize 1
beyond to research job of researching; provided in an resources
information; utilized materials acceptable manner, effectively; did
solicited material provided to their but did not consult little or no fact
in addition to what full potential; any additional gathering on the
was provided; solicited more than resources. topic.
brought in six types of
personal ideas and research to
information to enhance project; at
Possible Pt: 1 enhance project; times took the
and utilized more initiative to find
than eight types of information
resources to make outside of school.
project effective.

FNCE 475 Management of Financial Institutions – Course Outline – Page 18 of 23

Creativity Uses the Some originality Little or no Bland, predictable, 3
unexpected to full apparent; clever at variation; a few and lacked “zip.
advantage; very times; good original touches Repetitive with
original, clever, variety and but for the most little or no variety;
Possible Pts: 3 and creative part material little creative
blending of
approach that materials/media presented with little energy used.
captures originality or
audience’s interpretation
attention.

Use of Language: Poised, clear Clear articulation Audience Presenter is 1

Grammar, Word articulation; proper but not as occasionally has obviously anxious
Choice, Voice volume; steady polished; slightly trouble hearing the and cannot be
rate; enthusiasm; uncomfortable at presentation; seems heard or monotone
Possible Pts: 1 confidence; times. Most can uncomfortable. with little or no
speaker is clearly hear presentation. expression
comfortable in
front of the group.

Maintains eye Student maintains Some eye contact, Student reads all 1
Eye Contact contact; seldom eye contact most but not maintained or most of report
returning to notes; of the time but and at least half the with no eye
Possible Pts: 1 presentation is like frequently returns time reads most of contact.
a planned to notes. report.
conversation.

Attendance Requirement:
Attendance is measured by the number of times you sign into LMS and do substantive work.
You are expected to sign in each session.
ONLINE COURSE RULES/POLICIES:
1. NO LATE ASSIGNMENTS (No assignment will be accepted late without prior arrangement
with the Instructor or/and a documented medical excuse.) At the lecturer’s discretion
acceptance of late assignments will incur a penalty. However, assignments exceeding one
class session will NOT be accepted. Early submission is allowed without penalty.

2. All papers and assignments submitted should include a certificate of authorship digitally
signed by the student.
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3. Examinations will be automatically opened and will close after time expires. Unless you have
a valid reason for missing an exam, you will get a zero for that missed exam.
4. All assignments are posted on Aeorion LMS with specific cut-off or due dates. Please observe
those due dates. Late work can only be accepted if originally approved by the instructor.
5. Remember that discussion questions should include your substantive contribution and the
reaction to two of your colleagues are due on dates specified. Late submission will not be
accepted.
6. All course requirements are to be submitted via Aeorion LMS and must not be sent by email.

7. Be aware that any submitted work for this course may be subjected to detection of plagiarism
and breach of copyright. DUPLICATION OF WORK AND PLAGIARISM CARRIES AN
AUTOMATIC ZERO FOR WORK PRESENTED.

8. Participation - students are required to login regularly to the online course website (how
often will be designated by instructor, e.g. 5 times per week). An audit/tracking feature
embedded in the eLearning system - Æorion DL, will be utilized to monitor student activity.
Students are also required to participate in all class activities such as discussion forums, online
chat or conference sessions and group collaboration.

9. Conduct within the Online Learning Environment - the same guidelines that apply to
traditional classes should be observed in the eLearning environment. Please use proper
netiquette when interacting with class members and the course instructor. Be sure to:
o avoid being judgmental of persons opinions,
o be courteous,
o avoid vernacular and or slang language,
o avoid using offensive language
o avoid attacking individuals. We are dealing with ideas, not personalities

ONLINE COURSE ACCESS

Students will use their Æorion user account credentials to login to the course through the Æorion
Learning Management System (Æorion LMS): http://aeorionde.ncu.edu.jm/. For assistance or
further details regarding access to online courses please visit:
https://aeorionde.ncu.edu.jm/corp/help.aspx

For first time users or those requiring further familiarity with the eLearning system, please visit
http://aeorionde.ncu.edu.jm/ and click on the orientation link.

University Information Systems Services (UNISS) provides technical support between the hours
of 8:00AM and 10:00PM Mondays through Thursdays and 8:00AM to 1:30PM on Fridays. The
help desk may be reached at (1-876-963-7300) or online chat for immediate assistance. Email
service requests can be directed to: helpdesk@ncu.edu.jm

POLICY ON SERVER UNAVAILABILITY OR OTHER TECHNICAL DIFFICULTIES

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The university is committed to providing a reliable online course system to all users. However,
in the event of any unexpected server outage or any unusual technical difficulty which prevents
students from completing a time sensitive assessment activity, the instructor will provide an
appropriate accommodation based on the situation. Students should immediately report any
problems to the instructor and also contact the UNISS eLearning Help Desk:
http://uniss.ncu.edu.jm/elearninghelp , 1-876-9633-7300. The instructor and the UNISS
eLearning Help Desk will work with the student to resolve any issues at the earliest possible
time.

TECHNICAL REQUIREMENTS
In addition to a competent level of computer and Internet literacy, there are some minimum
technical requirements must be met to enable a successful learning experience. Please review
the important technical requirements and the web browser configuration information at
http://aeorionde.ncu.edu.jm/ to ensure that your personal computer meets the outlined
requirements.
COMMUNICATIONS
This online course has integrated communication tools that may be used for to facilitate
interaction and communication. Other communication mediums such as email, instant
messaging and web conferencing tools may also be utilized throughout the course. For more
details please visit http://aeorionde.ncu.edu.jm/features .

Interaction with Instructor: The instructor will communicate with students primarily using the
Announcements and Discussions tools. Students may send personal concerns or questions to the
instructor via email or using the course messaging module. The instructor will, as much as
possible, reply to student’s queries within 72 hours.

LIBRARY SERVICES
Distance Learners will need an Æorion user account to access all of the library’s electronic
resources (reserves, journal articles, ebooks and search online databases) from off campus. For
NCU students living close to one of our extension campuses, a valid NCU ID card is required to
check out materials from the Library. For more information on library resources go to
http://www.ncu.edu.jm/library/

ASSIGNMENT SUBMISSION
Please use the Assignments link on the course menu or see the icon on the designated page to
upload assignments. You may click on the link for each assignment and follow the on-screen
instructions to upload and submit your file(s). Bear in mind that you may only submit each
assignment once, after which you should receive an onscreen confirmation. Please refer to the
Help menu for more information on using this tool. Please note: each assignment link will be
deactivated after the assignment due time. Additionally, unless stated otherwise, assignments are
typically due at 11:59 PM on the specified date. After your submission is graded, you may click
each assignment’s “Graded” tab to check the results and feedback. If necessary drafts of work for
mastery learning may be sent via email to the instructor for review prior to submission.

For team project assignments, one group member will submit the assignment for the group and
all group members will be able to view the results and feedback once it’s been graded.
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Assignment Submission Instructions using Turnitin:
Assignment(s) will be submitted and inspected via Turnitin, which is an integrated eLearning
tool for plagiarism detection. To submit your assignments, click on the Turnitin icon located on
the assignment submission web page. Next, click the submit icon. After which you will need to
upload your assignment file - please note that only one file may be submitted. To submit your
assignment, click on “Browse” and locate your file then click the Submit button. You will be
able to review before confirming your submission. You may return at a later time when the
report is available, typically within 24 hours, to review the Originality Report which indicates the
sources detected and how similar the assignment is to these sources. Please note it may take
some time for Turnitin to generate the originality report. For further information on using
Turnitin, please go to: http://www.turnitin.com/static/training.html.

COURSE EVALUATION
You are required to complete an evaluation of the course at the end of the semester/module.
These evaluations are used to garner valuable feedback that helps to improve the quality of
instruction. Online course evaluations will be made accessible around the end of the
semester/module and students will be informed via email or internal messages when they
become available.

FINAL EXAMINATION
A proctored final examination will be required for this course. Final exams are scheduled for
and administered on campus at the end of the semester. You will be required to present your
student’s ID and examination authorization form to the examiner.
If the campus for which the exam is slated is geographically inconvenient, arrangements may be
made to sit the examination at one of NCU’s extension campuses. Approval for this would need
to be secured from the instructor at least 4 weeks prior to the scheduled date for the exam.
NCU EMAIL
Northern Caribbean University is aware of the efficiency, effectiveness and overall importance
of communication between students and faculty/staff through electronic mail. At the same time,
e-mail raises some issues concerning security and the identity of each individual in an e-mail
exchange. The university encourages all official student email correspondence be sent only to a
student’s NCU e-mail address and that faculty or staff consider email from students official only
if it originates from a NCU student account. This allows the university to maintain a high degree
of confidence in the identity of all individual corresponding and the security of the transmitted
information. NCU furnishes each student with a free e-mail account that is to be used in all
communication with university personnel. The University Information Systems Services
Department at NCU also provides a method for students to have their NCU e-mail forwarded to
other accounts.
ACADEMIC HONESTY AND INTEGRITY

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All students are expected to maintain a high level of responsibility with respect to academic
honesty. Students engaged in cheating or academic dishonesty of any form will be subject to
disciplinary penalties which include the possibility of failure for the course and/or dismissal from
the University. Cheating, dishonesty, plagiarism, copying portions of another student’s work are
totally unaccepted and will be dealt with seriously. A minimum penalty will be a zero for the
course work submitted. Further action may be taken at the instructor’s discretion. In view of the
fact that such dishonesty harms the individual, all students and the integrity of the University,
policies on scholastic dishonesty will be strictly enforced.
CHEATING, DISHONESTY, AND PLAGIARISM
Any form of cheating is sufficient for an automatic “F” for the course. Cheating, dishonesty,
plagiarism, copying portions of another student’s work are totally unacceptable and will be dealt
with seriously. A minimum penalty will be a zero for the course work submitted. Further action
may be taken at the instructor’s discretion.

DISCLAIMER: The Department reserves the right to make adjustments to this course outline
as deemed necessary.

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