Banking and Insurance

SubjectBanking and Insurance
Semester3rd semester (autumn)
TypeElective
ECTS6 ECTS
Study programme:Business studies (Master)
Primary language:Slovene
Introduction
The course will be conducted in the Slovene language in accordance with an officially approved curriculum in the Masters study program Business Sciences.
 
Preconditions
Students need to understand the adequate concepts of mathematics and statistics to follow the lectures and understand the study materials that will be provided during the course. Knowledge from Business Finance is desirable.

Goals
• To familiarize the student with the fields of banking and insurance, basic concepts from both fields and application examples.
• To familiarize the student with the principles and basic tools needed in financial calculations in banking and insurance.
 
Competencies
• Acquiring knowledge and understanding basic principles from the fields of banking and insurance.
• Understanding and differentiating between individual instruments from banking and insurance.
• The ability to act independently in relation to banking and insurance products.
• Ability to participate in institutions that are in any way related to banking and insurance.
 
Learning outcomes
The student will gain in-depth knowledge from various aspects of the banking and insurance business, thus facilitating understanding of the operation in both financial system subsystems. It will understand the differences between different banking and insurance instruments and thus be able to independently decide and operate.
 
Syllabus
• Introduction to banking and insurance,
• Risks and risk management (VaR, diversification and risk, credit risk),
• Personal risk management (risk and loss of income, ...),
• Insurance (motives, types, calculation and risks),
• Actuarial,
• Central banks,
• Banks and interest rates.
 
Forms of work and methods of work
• Explanation of teachers
• Discussion / discussion
• Presentation of seminar papers
• Invited lectures
 
Evaluation system and criteria
Knowledge testing consists of two elements: 1) Seminar work (30%); 2) Exam (70%). Regardless of the calculation taking into account the individual weights, the positive assessment for the final examination must first be for a positive overall assessment.
 
Learning and study material
  • Heffernan, S. (2005). Modern Banking. New York: Wiley.
  • Vaughan, E. in T. Vaughan (2008). Fundamentals of Risk and Insurance. New York: Wiley.
Additional literature
  • Brealey, R., S. Myers in F. Allen (2011). Principles of Corporate Finance. 10 izdaja. New York: McGraw-Hill.
  • Brigham, E. in J. Houston (2016). Fundamentals of Financial Management. Mason: South-Western.
  • Saunders, A. in M.M. Cornett (2012). Financial Markets and Institutions. 5 izdaja. New York: McGraw-Hill.
  • Different papers.
Office hours:
  • After courses
  • By agreement

Lecturer:

Ahtik, Meta
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