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Course Name (English)
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ISSUES AND ETHICS IN FINANCE
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| Course Code |
FIN657 |
| Course Description |
The course is designed to enhance students understanding of the finance functions and ethics; to be able to analyze and understand the changes and events that are taking place in the field of finance; to suggest financial tools to solve these problems. To achieve the course outcomes, students are required to read, search, write, discuss, analyze and present these issues in class. They will do this individually and in groups. A quiz will be conducted at the end of the course to encourage students to keep up to date with the current issues in finance.
The assignment or the article review, presentations and participation, will be evaluated on a number of criteria as outlined in the rubrics provided by the faculty. Please refer to notes on OBE available in the Faculty’s website.
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| Transferable Skills |
Critical Thinking |
| Teaching Methodologies |
Inquiry-based Learning, Case Study, Presentation, Journal/Article Critique |
| CLO |
| CLO1 |
Demonstrate problem solving and scientific skills in related financial issues. (PLO6) (C6) |
| CLO2 |
Perform work practices professionally and ethically in addressing contemporary finance issues. (PLO4) (A5) |
| CLO3 |
Present new ideas and solutions from different perspective including personal, local, national and global on finance related issues. (PLO5) (A5) |
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| Pre-Requisite Courses |
No course recommendations |
| Topics |
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1. Introduction and explanation of the course.
1.1) Overview of the course, introduce class participants and learning objectives.
1.2) Introduction and overview of Ethics.
1.3) The Importance of Ethics in Finance.
1.4) The Difference between Ethics, Rules and Regulations.
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2. Roles and Responsibilities of Individuals, Corporations and Governments on Ethics.
2.1) Review the Roles and Responsibilities of Stakeholders.
2.2) Discuss the function of ethics watch group - rating agencies, regulators (BNM, SC - Malaysia Code on Corporate Governance (MCCG), minority shareholders watch group (MWSG)).
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3. Roles and Responsibilities of Individuals, Corporations and Governments on Ethics
3.1) Class discussion on current issues in finance/ethics that received wide media coverage in recent weeks.
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4. Theory in Finance
4.1) Among theory in finance ie. Institutional Theory, Agency Theory, Theory of property rights, Theory of the firm, Efficient market hypothesis, Capital Structure Substitution Theory and etc.
4.2) How the selected theory in finance relate with the ethical issues ie. agency theory.
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5. Corporate Governance and Incentives.
5.1) The international governance debate.
5.2) Optimal versus actual compensation policies.
5.3) Class discussion on current issues in finance/ethics that receive wide media coverage in recent weeks.
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6. Discussion and individual presentation on suggested topics of ethics in finance.
Case Studies on Ethical Practices in Finance.
6.1) Ethical Dilemmas and Different Forms of Unethical Behaviours.
6.2) Provide review and example on ethical dilemmas and unethical behaviours such as conflict of interest, false disclosure, insider trading, illegal trading, money laundering, scams, cybercrime - white collar crime. (Relate case studies with the theory in finance - if any).
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7. Discussion and individual presentation on suggested topics of ethics in finance.
Case Studies on Ethical Practices in Finance
7.1) Ethical Dilemmas and Different Forms of Unethical Behaviours.
7.2) Provide review and example on ethical dilemmas and unethical behaviours such as conflict of interest, false disclosure, insider trading, illegal trading, money laundering, scams, cybercrime - white collar crime. (Relate case studies with the theory in finance - if any).
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8. Discussion and individual presentation on suggested topics of ethics in finance. Case Studies on Ethical Practices in Finance
8.1) Ethical Dilemmas and Different Forms of Unethical Behaviours.
8.2) Provide review and example on ethical dilemmas and unethical behaviours such as conflict of interest, false disclosure, insider trading, illegal trading, money laundering, scams, cybercrime - white collar crime. (Relate case studies with the theory in finance - if any).
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9. Discussion and individual presentation on suggested topics. Case Studies on Issues in Finance
9.1) Discussion and individual presentation on current issues in finance. i.e. Financial Technology, financial innovation, Artificial Intelligence (AI) in Banking and Finance.
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10. Discussion and individual presentation on suggested topics. Case Studies on Issues in Finance
10.1) Discussion and individual presentation on current issues in finance. i.e. Financial Technology, financial innovation, Artificial Intelligence
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11. Discussion and individual presentation on suggested topics. Case Studies on Issues in Finance
11.1) Discussion and individual presentation on current issues in finance. i.e. Financial Technology, financial innovation, Artificial Intelligence (AI) in Banking and Finance.
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12. Discussion and group presentation on current issues. i.e. Issues in Finance: Financial Crisis around the Globe.
12.1) Provide review and example on Financial crisis around the world ie. Asian Financial Crisis 1997, Subprime Crisis 2008, Black Wednesday, 1992 UK Black Wednesday, 1987 US Black Monday, 2008 Spanish Financial Crisis, 2008 Greece Financial Crisis, 2008 Icelandic Financial Crisis, 2014 Russian Financial Crisis, 1994 Mexican Peso Crisis, 1998-2002 Argentina Great Depression.
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13. Discussion and group presentation on current issues. i.e. Issues in Finance: Financial Crisis around the Globe.
13.1) Provide review and example on Financial crisis around the world ie. Asian Financial Crisis 1997, Subprime Crisis 2008, Black Wednesday, 1992 UK Black Wednesday, 1987 US Black Monday, 2008 Spanish Financial Crisis, 2008 Greece Financial Crisis, 2008 Icelandic Financial Crisis, 2014 Russian Financial Crisis, 1994 Mexican Peso Crisis, 1998-2002 Argentina Great Depression.
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14. Discussion and group presentation on current issues. i.e. Issues in Finance: Financial Crisis around the Globe.
Test and Final Discussion.
14.1) Provide review and example on Financial crisis around the world ie. Asian Financial Crisis 1997, Subprime Crisis 2008, Black Wednesday, 1992 UK Black Wednesday, 1987 US Black Monday, 2008 Spanish Financial Crisis, 2008 Greece Financial Crisis, 2008 Icelandic Financial Crisis, 2014 Russian Financial Crisis, 1994 Mexican Peso Crisis, 1998-2002 Argentina Great Depression.
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15. Test and End of Course
15.1) Test and End of Course
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| Assessment Breakdown | % |
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| Continuous Assessment | 100.00% |
| Details of Continuous Assessment |
| Assessment Type |
Assessment Description |
% of Total Mark |
CLO |
| Assignment |
Individual Assignment - Self-reflection report is an individual assignment based on a newspaper and finance magazines specifically discusses the global finance issues |
20% |
CLO2
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| Assignment |
Individual Assignment - Current Issues on Ethics in Finance Locally and Internationally |
20% |
CLO2
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| Presentation |
Video Presentation – Group Project |
30% |
CLO3
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| Test |
Test will be given to the students regarding Issues and Ethics in Finance |
30% |
CLO1
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| Reading List | | Reference Book Resources | - Tirole Jean 2006, Theory of Corporate Finance, 1 Ed., 16, Princeton University Press Princeton USA [ISBN: ISBN978069112]
- B. Espen Eckbo 2011, Handbook of Empirical Corporate Finance, 1 Ed., 18, Elsevier North Holland [ISBN: 9780080932118]
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| Article/Paper List | This Course does not have any article/paper resources |
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| Other References | - www.sc.com.my Malaysia Securities Commissionwww.sc.com.my, Securities Commission, Securities Commission
- www.bursa.com.my Bursa MalaysiaBursa Malaysia, Bursa Malaysia, Bursa Malaysia
- www.bnm.com.my Bursa MalaysiaBursa Malaysia, Bursa Malaysia, Bursa Malaysia
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