ICM262-Ethics in Investment Management

Module Provider: ICMA Centre
Number of credits: 10 [5 ECTS credits]
Terms in which taught: Spring term module
Non-modular pre-requisites:
Modules excluded:
Module version for: 2016/7

Module Convenor: Dr Carol Padgett

Email: c.padgett@icmacentre.ac.uk

Summary module description:

To introduce students to the ethical difficulties encountered by investment professionals as they invest other people’s money.

Assessable learning outcomes:
By the end of the course students will appreciate the ethical standards imposed by professional bodies and financial regulators. They will be able to identify the ethical dimension involved in the decision-making process, and be able to discuss the conflicts between economic efficiency and ethical behaviour.

Additional outcomes:
Students will gain experience in handling case studies and in debating with their peers.

Outline content:
Lectures: Introduction to ethics Ethics and the finance professional Market integrity Fiduciary duties in portfolio management Socially responsible investment Remuneration and risk-taking in banking

Brief description of teaching and learning methods:
Lectures will be used to introduce and illustrate the theory and concepts discussed in the course. Seminars will allow the students to discuss specific cases, which further illustrate the ethical problems faced in financial markets.

Contact hours:
  Autumn Spring Summer DL
Lectures   12   12
Tutorials/seminars   6   6
Other contact (eg study visits)        
Total hours   18   18
Number of essays or assignments   1   1
Other (eg major seminar paper)        

Summative Assessment Methods:
Method Percentage
Written exam 70
Written assignment including essay 30

Other information on summative assessment:
The final exam lasts two hours and requires the students to answer two questions from a choice of four.
The written assignment is an essay of approximately 2500 words.

Formative assessment methods:

Penalties for late submission:
Penalties for late submission on this module are in accordance with the University policy. Please refer to page 5 of the Postgraduate Guide to Assessment for further information: http://www.reading.ac.uk/internal/exams/student/exa-guidePG.aspx

Length of examination:
One 2 hour exam

Requirements for a pass:
50% weighted average mark

Reassessment arrangements:
As per University policy

Additional Costs (specified where applicable):
1) Required text books: Hendry, J. (2013) Ethics and Finance: An introduction Cambridge University Press, ISBN 9781107612488 price £19.99.
2) Specialist equipment or materials:
3) Specialist clothing, footwear or headgear:
4) Printing and binding:
5) Computers and devices with a particular specification:
6) Travel, accommodation and subsistence:

Last updated: 21 December 2016

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