Financial Systems
- Management Sciences
- 300 level
- 2 credit units
- 167 pages
- 17 units
This course introduces students to the fundamental aspects of financial systems. It covers various components including financial assets, international financial systems, and the Nigerian financial system. Students will explore capital and money markets, central banking, commercial banking, and other financial institutions. The course aims to provide a comprehensive understanding of financial systems and their operations, preparing students for managing financial institutions effectively.
About this course
- Difficulty
- Intermediate
- Study hours
- 45 hours
- Maths
- Basic
- Content
- Theoretical
- Practical work
- No
- Assignments
- Tutor marked assessments
- Final examination
What you'll read
The real module and unit structure of BFN304, taken from the course material NOUN publishes.
- UNIT 1: FINANCIAL SYSTEMPage 5
- UNIT 2: INTERNATIONAL FINANCIAL SYSTEMPage 20
- UNIT 4: STRUCTURE AND REFORMS OF NIGERIAN FINANCIAL SYSTEMPage 37
- UNIT 5: TYPES AND CHARACTERISTICS OF FINANCIAL ASSETSPage 47
- UNIT 6: FINANCIAL MARKET & INSTRUMENTSPage 58
- UNIT 7: CAPITAL MARKETPage 66
- UNIT 8: MONEY MARKETPage 81
- UNIT 9: CENTRAL BANKINGPage 88
- UNIT 10: COMMERCIAL BANKINGPage 100
- UNIT 11: MERCHANT BANKINGPage 112
- UNIT 12: DEVELOPMENT BANKSPage 120
- UNIT 13: UNIVERSAL BANKSPage 126
- UNIT 14: RURAL BANKINGPage 131
- UNIT 15: MARKETING OF BANK SERVICESPage 136
- UNIT 16: INVESTMENT COMPANIESPage 141
- UNIT 17: INSURANCE COMPANIESPage 146
- UNIT 18: COMPARATIVE BANKING AND FINANCIAL SYSTEMPage 159
One paragraph, so you can see how it reads
BFN304 · UNIT 1: FINANCIAL SYSTEM
The presentation schedule included in your course materials gives you the important dates for this year for the completion of tutor-marked assignments (TMAs) and attending tutorials. Remember, you are required to submit all your assignments by the due date. You should guard against falling behind in your work.
What you should be able to do
- Discuss the financial system
- Explain types and characteristics of financial assets
- Explain the international financial system
- Define capital market
- Explain money market
- Explain the Nigerian financial system
What it prepares you for
- Financial Analyst
- Bank Manager
- Investment Banker
- Loan Officer
- Financial Advisor
- Banking
- Finance
- Investment Management
- Insurance
- Real Estate
Where it gets hard
The units students slow down on, and what makes each one heavy.
- Module 2: Banking Operations
Unit 9: Central Banking
Central banking functions require understanding of monetary policy and its impact on financial stability.
- Module 3: Specialized Banking
Unit 13: Universal Banks
Universal banking models involve complex financial instruments and risk management strategies.
A suggested way through it
13 weeks, about 30 hours in total. Yours will differ.
- Week 1Module 1: Financial System
Unit 1: Financial System · 2 hours
Read the introduction and definition of a financial system.. Understand the functions of a financial system.. Identify the participants in a financial system..
- Week 2Module 1: Financial System
Unit 2: Types And Characteristics Of Financial Assets · 2 hours
Explain the types and characteristics of financial assets.. Differentiate between debt and equity instruments.. Understand the characteristics of financial assets..
- Week 3Module 1: Financial System
Unit 3: International Financial System · 2 hours
Define the international financial system.. Identify the main players in the international financial system.. Understand the network of participants..
- Week 4Module 1: Financial System
Unit 4: Capital Market · 2 hours
Define capital market.. Explain the operations of the capital market.. Differentiate between primary and secondary markets..
- Week 5Module 1: Financial System
Unit 5: Money Market · 2 hours
Explain the money market.. Identify the instruments used in the money market.. Understand the functions of the money market..
- Week 6Module 1: Financial System
Unit 6: Nigerian Financial System · 2 hours
Explain the Nigerian financial system.. Identify the regulatory institutions.. Understand the functions of the financial system in Nigeria..
- Week 7Module 2: Banking Operations
Unit 7: Operations Of Capital Market In Nigeria · 2 hours
Discuss the operations of the capital market in Nigeria.. Understand the roles of different players in the capital market..
- Week 8Module 2: Banking Operations
Unit 8: Operations Of Money Market In Nigeria · 2 hours
Explain the operations of the money market in Nigeria.. Identify the instruments used in the Nigerian money market..
- Week 9Module 2: Banking Operations
Unit 9: Central Banking · 2 hours
Discuss the functions of central banking.. Understand the role of the central bank in monetary policy..
- Week 10Module 2: Banking Operations
Unit 10: Commercial Banking · 2 hours
Identify and explain the functions of commercial banking.. Understand the role of commercial banks in the economy..
- Week 11Module 2: Banking Operations
Unit 11: Merchant Banks · 2 hours
List and discuss the functions of merchant banks.. Understand the role of merchant banks in financial markets..
- Week 12Module 2: Banking Operations
Unit 12: Development Banks · 2 hours
Discuss the role of development banks.. Understand the functions of development banks in economic development..
- Week 13Module 3: Specialized Banking
Unit 13: Universal Banks · 3 hours
Review all modules and units.. Work on assignments and prepare for final examination..
Unit 14: Rural Banking · 3 hours
Review all modules and units.. Work on assignments and prepare for final examination..
Preparing for the exam
- Review key concepts from each unit weekly
- Create summaries of main topics in each module
- Practice with past exam questions
- Focus on understanding the Nigerian financial system and its regulations
- Allocate time to review definitions and functions of different financial institutions
Questions students ask about this course
What is BFN304 about?
This course introduces students to the fundamental aspects of financial systems. It covers various components including financial assets, international financial systems, and the Nigerian financial system. Students will explore capital and money markets, central banking, commercial banking, and other financial institutions. The course aims to provide a comprehensive understanding of financial systems and their operations, preparing students for managing financial institutions effectively.
How many units does BFN304 have?
BFN304, Financial Systems, has 17 units across 1 module, over 167 pages of course material. You can read it one unit at a time.
How many credit units is BFN304?
BFN304 carries 2 credit units, at 300 level in Management Sciences.
Is BFN304 hard?
BFN304 is rated intermediate level, with basic mathematical content. It is mostly theoretical work.
How long does BFN304 take to study?
About 45 hours of study, spread across its 17 units.
How is BFN304 assessed?
BFN304 is assessed by assignments, tutor marked assessments and final examination.
What can I do with BFN304?
Financial Analyst, Bank Manager, Investment Banker, Loan Officer and Financial Advisor.