Part

Semester

Module Code

Module Name

Credits

I

I

CBA1106

CIN1106

CAC1110

CBU1108

CBU1102

CFI1101

Principles of Economics I             

Quantitative Analysis for Business I

Introduction to Financial Accounting IA        

Principles of Management

Business Communication

Financial Mathematics                 

12

12

12

12

12

12

Total Credits Year I Semester I

72

I

II

CBA1207

CIN1207

CAC1214

CMK1209

CIN1211

Principles of Economics II                                                 

Quantitative Analysis for Business II                                   

Introduction to Financial Accounting IB                                

Principles of Marketing                                                     

Business Law                                        

12

12

12

12

12

Total Credits Year I Semester II

60

Total Credits Year I

132

II

I

CBA2102

CIN2124

CBA2111

CBA2112

CBA2113

CBA2114

CFI2101

Money and Banking                                                        

Banking Law and Practice                                    

Marketing of Financial Services                                         

Banking and Development                                    

Investment Analysis and Portfolio Management                    

Treasury Management                                                     

Corporate Finance I                                            

12

12

12

12

12

12

12

Total Credits Year II Semester I

84

II

II

CBA2210

CBA2211

CBA2212

CBA2213

CBA2204

CBA2209

CFI2201

 Derivative Securities                                                       

Fundamentals of Risk Analysis and Management      

International Banking                                                       

Development Finance                                                      

Banking Information Systems                                            

Introduction to Econometrics                                             

Corporate Finance II                    

12

12

12

12

12

12

12

Total Credits Year II Semester II

84

Total Credits Year II

168

III

I & II

CBA3001

Industrial Attachment Continuous Assessment

Industrial Attachment Report

60

60

Total Credits Year III

120

IV

I

CBA 4110

CBA 4111

CBA 4112

CBA 4113

CBA 4114

Market and Liquidity Risk Management

Introduction to Financial Markets & Institutions

Financial Econometrics

Applied Economics

Bank Regulation and Supervision

12

12

12

12

12

Year IV Semester I Total Credits

60

IV

II

CBA 4211

CBA 4212

CBA 4210

CBA 4207

CBA 4007

Financial Engineering

Bank Lending and Credit Risk Management

Ethics and Corporate Governance

Advanced International Banking & Finance

Research Project

12

12

12

12

24

Year IV Semester II Total Credits

60

Total Credits Part IV

120

Overall Credits for the Programme

540

CBA 1106 - Principles of Economics                                                                                                     12 Credits                           

The module covers issues like Scarcity, choice and opportunity costs, Central problems of Economics, economic systems, Theory of demand and Supply, Theory of the firm, costs of production, market structures; perfect competition, monopolistic competition, monopoly, oligopoly. Marco economic topics covered include National Income Accounting, Macroeconomic Equilibrium, Fiscal and Monetary Policy, Inflation, Unemployment and Phillips Curve, Economic Growth, macroeconomics in the open economy, International Trade, Exchange rate determination.

CIN 1106 - Quantitative Analysis for Business                                                                                      12 Credits                           

This module seeks to introduce students to statistical tools relevant for application to the business and economic environment. The module covers descriptive and inferential statistics, measures of central tendency and dispersion, index numbers, introduction to probability theory; marginal probability, joint probability, conditional probability, multiplication rule, Bayes theorem, discrete probability distributions, Binomial and Poisson distribution, continuous probability distributions, confidence intervals, hypothesis testing, time series analysis, correlation and regression analysis.

CAC 1110 - Introduction to Financial Accounting 1A                                                                              12 Credits                           

The module introduces students to the conceptual framework of accounting and the International Financial Reporting Standards (IFRS). It also covers, double-entry, bank reconciliation statements, suspense accounts and other adjustments to financial statements, Presentation of financial statements as per International Accounting Standard 1, accounting for inventory as per International Accounting Standard 2, accounting for Property Plant and Equipment as per International Accounting Standard 12.

CBU 1108 - Principles of Management                                                                                             12 Credits                                                                                                    

This module shall cover the history and development of management thought, functions of management, organizational structures, decision making, communication, centralization and decentralization, delegation, leadership and motivation, controlling budgeting and non-budgetary controls.

CBU 1102 - Business Communication                                                                                                       12 Credits                                                                                            

The module shall cover general comprehension and expression, report writing, comprehension of ideas, development of different styles and the use of English in a business setting, communicating skills, letter writing, committee documents, and use of questionnaires, note taking, and summarizing.

CIN 1211 - Business Law                                                                                                                         12 Credits

This module aims to introduce students to legal aspects relating to business forms namely companies, corporations, partnerships and trusts in the Zimbabwe. Topics to be covered include law of contract, types of companies, company formation, capacity and representation of a company, laws relating to corporate finance shareholder and company meetings, fiduciary duties of directors, law relating to agencies, alternative dispute resolution, winding up business and managing trusts and estates, forms of business ownership such as, Sole Trader, Partnerships and Companies. There will be focus on Incorporation of companies, Allotment, issue and transfer of Shares and Debentures, Memorandum and Articles of Association, Administration of Companies, Reconstruction, Mergers and Takeovers, Winding up of companies.

CFI 1101 - Financial Mathematics                                                                                                           12 Credits                           

This module will examine theories and concepts of Financial Mathematics. The emphasis of this module will be placed on the computations of simple and compound interest, nominal and effective rates, future value, present value, discount factors, interpolation and extrapolation and cash flow analysis techniques, money market calculations, discount instruments, CDs and general pricing of assets. It also covers bond markets, equity markets, derivative markets, Macaulay duration and the Capital Asset Pricing model.

CAC 1210 - Introduction to Financial Accounting 1B                                                                                12 Credits                           

The module builds on the foundation laid in Financial Accounting 1A. The module aims at providing students with knowledge of Accounting as related to partnership, accounting for specialized transactions, and interpretation of financial statements. The module should cover techniques of identifying and describing information sources that financial analysts use in financial statement analysis besides annual financial statements and supplementary information and the steps in the financial statement analysis framework.  Topics include the complete accounting cycle, accounts hierarchy, preparation of financial statements for different types of business entities and closing/opening entries; petty cash and various types of reconciliation statement analyses and accounting ratios.

CBA 1207 - Principles of Economics II                                                                                                       12 Credits                           

The module is designed to address how economists model the relationships between aggregate economic variables and examine how various fiscal and monetary policies can affect the results. The main goal is to improve students’ economic literacy and ability to apply economic models to analyze real world events.  This module will be taught from an equilibrium perspective. This means the module will work with economic agents that optimize and with aggregate consistency conditions. Along with building basic economics intuition, the module will be centred on constructing and understanding macroeconomic models. These models will be used to discuss the theory of long-run economic growth and short-run economic fluctuations and to analyze macroeconomic policy, in particular fiscal policy.

CBU 1209 - Principles of Marketing                                                                                                        12 Credits                           

The module shall cover marketing functions; the environment of marketing; marketing information systems and marketing research; the marketing mix; consumer behaviour; the social responsibility of marketing; public policy with respect to marketing practices.

CBA 2102 - Money and Banking                                                                                                                 12 Credits                           

The module covers definition of money, origin of money, functions of money significance of money in economic development, the financial system, the process of bank credit creation, effect of government borrowing on money supply, the theories of money, determination of general levels of interest rates, yield curves and general structure of interest rates, interest rates differentials among financial assets, real interest rates and nominal interest rates, influence of monetary authorities on interest rates, monetary policy controls, exchange rates and balance of payments.

CIN 2124 - Banking Law and Practice                                                                                                    12 Credits                           

The module examines the law and practice relating to Banking in Zimbabwe and at the International level. It covers the history and development of the Zimbabwean banking system, the role of regulators, the relationships between banker and customer, accounts of customers, banking instruments, different types of banks, principles of lending, deposits, advance securities, exchange controls and bank supervision and control are covered in the module.

CBA 2111 - Marketing of financial services                                                                                               12 Credits                           

The objective of the module is to equip students with the understanding of the following: the role of Marketing, evolution of marketing in the banking sector, understanding customers, the role of market research and methods of segmenting markets, managing marketing, building and maintaining the brand, marketing information, the marketing planning process, marketing information systems for financial services, marketing mix decisions, achieving sales, bankers as retailers and service quality.

CBA 2112 - Banking and Development                                                                                                    12 Credits                           

The module provides students with an understanding of the need for, and the role of finance in development, the evolution of state participation in development finance institutions, the economics and operational procedures of the same, etc. The module is policy oriented and would equip students with broad understanding of development finance and its interaction with monetary and fiscal policies, coverage includes the informal sector. Theories of growth and the role of finance in economic growth, Financial Repression, Fiscal policies for growth, mobilization of domestic savings and foreign technical sources in development, the debt crisis, optimum currency areas, the need for, and order of financial liberalization. Agricultural finance and the role of the state in industries financial development, Zimbabwe's experience, Profitability, Regulation and portfolio segmentation in Development Finance Institutions (DFIs). Capital adequacy of DFIs' structure conduct and performance in the macro economy, distress and prediction models. Information content of prices and interest rates etc., interest determination in controlled markets, financial liberalization, the performance of the financial sector certainty and uncertainty in Financial Markets, including adverse selection and incentive effects.

CBA 2113 - Investment Analysis and Portfolio Management                                                                  12 Credits                           

The module sets out to examine Portfolio risk-return and investor utility relationships using Capital Market Theory, Capital Assert Pricing Model (CAPM) and Arbitrage Privacy Theory (APT), the Investment Environment and Process using the fundamental and the technical techniques, Investment Management Strategies, distinguishing between Strategic Asset Allocation (SAA), Tactical Asset Allocation (TAA) and asset selection strategies. Investment Performance measures for both Broad Portfolio and Portfolio categories from both a theoretical and practical point of view will be covered.

CBA 2114 - Treasury Management                                                                                                        12 Credits                           

The module seeks to equip students with a thorough understanding of treasury department operations of financial and non-financial institutions. They cover areas such as structure of a treasury department, treasury management planning, risks in a treasury department, risk management strategies in a treasury department, fund management, liquidity management and asset and liability management. Treasury Management covers the following topics: Introduction to Treasury Management, Financial Markets, Structure of a Treasury Department, Treasury Management Planning, Liquidity Management and Term Structure of Interest Rates, Risk in a Treasury Department, Risk Management Strategies in a Treasury Department, Asset and Liability Management and Fund Management.

CFI 2101 - Corporate Finance                                                                                                                 12 Credits                            The module aims to identify the objective that Corporate Finance managers pursue or ought to pursue in order to satisfy the needs of corporate stakeholders and to develop, in students, concepts and corporate analytical tools that will enable them to meet this objective. To this end, the course will cover the following critical areas: Goals of a firm and the agency theory; Time value concepts and valuation of bonds and shares; Capital Budgeting under certainty; Operating and financial leverage; Introduction to portfolio theory and capital asset pricing; the stock market and other sources of long-term capital; innovations in Corporate Finance. The areas covered will also include the following: Introduction to capital structure theory and practice; Cost of capital and valuation; Introduction to capital budgeting under uncertainty; Dividend policy theory and practice; Corporate working capital management; and innovations in corporate finance.

CBA 2210 - Derivatives Securities                                                                                                              12 Credits                           

This module aims to equip students with the basic skills of using derivatives in areas such as investment management and foreign currency exposure management. Topics covered are types of derivative securities such as interest rate derivatives, currency derivatives, and commodity derivatives as well as conventional options and exotic options, the markets in which these securities are traded; their potential use as instruments for managing risk; and methods for valuing these securities.

CBA 2211 - Fundamentals of Risk Analysis and Management                                                                12 Credits                            The module aims to introduce the students to modern techniques of analyzing and identifying financial risk. Areas to be covered will include: Sources of financial risk, foundation to Value at Risk (VaR) techniques, Mean-variance analysis, Bond duration, Convexity and dispersion, Utility index models, Simulation, Stress testing. Hedging and derivatives (options, forwards, futures, and swaps), decision making, portfolio selection, credit risk, liquidity risk, legal risk and operational risk management and bond immunization will be covered.

CBA 2204 - Banking Information systems                                                                                                 12 Credits                           

The module introduces students to the main concepts of systems theory, strategies of information systems and systems development particularly in the banking framework. It covers the advanced aspects of computerized information systems such as risks, security and control associated with networks, Internet, Intranets, E-commerce, Electronic Data Interchange, Electronic Funds Transfer, and Enterprise Wide Risk Management Systems (EWRMS) among others.

CBA 2212 - International Banking                                                                                                              12 Credits                           

This module is a build-up on the money and banking module and is designed to acquaint students with the broad perspective of international monetary structure, operations, instruments, their development and challenges, pull and push factors, jurisdiction risk etc. it covers international money and capital markets, asset and liability management, profitability and liquidity management, legal issues, syndicated loans, parity conditions, derivate products, bank regulations and supervision, multinational capital budgeting performance appraisal, foreign exchange quotations, transactions  and regimes, parity conditions in money and foreign exchange markets  and foreign exchange risk management.

CBA 2213 - Development Finance                                                                                                               12 Credits                           

The module focuses on the international finance for development covering innovative approaches to enhance economic growth and development finance to contribute towards realizing global sustainable development goals. Development Finance from a ‘Financing for Development’ Perspective, domestic resource mobilization, debt relief, microfinance, financial sustainability, International Private Capital Flows, Remittances for Development for Development tax buoyancy, Foreign Direct Investment, foreign capital flows, and labour productivity, Microfinance roots, mechanisms, competition, legal, regulatory and governance issues, The Impact of Microfinance on Household Livelihoods, Debt Relief.

CBA 2209 - Introduction to Econometrics                                                                                            12 Credits                            The module introduces students to basic econometric principles and the use of statistical procedures in empirical studies of economic and financial models. Assumptions, properties, and problems encountered in the use of multiple regression are discussed as are simultaneous equation models, simulation, and forecasting techniques. Topics include regression analysis, Hypothesis testing, Time series modelling, Multivariate models, Forecasting as well as applications to Research Methods in Banking.

CBA 3001 – Industrial Attachment/ Work Related Learning                                                                60 Credits                           

Approved industrial attachment of not less than eight (8) months and not more than twelve (12) months is aimed at providing third year students with a practical exposure to Banking and Finance Industry. The candidate is expected to rotate the various departments of the organization to which he/she will be attached to enable them to be exposed to all functions of that organization. The candidate must be appraised by each departmental supervisor who assigns the student day to day duties and a percentage score should be given before leaving for the next department.

CBA 3001 – Industrial Attachment/ Work Related Learning Report                                                       60 Credits                                     

The module is a problem based report developed by the candidate during internship.  The thrust of the report is to relate theory covered in the university to practice.  It follows a schematic report layout covering issues such as, company background, departments attached, challenges encountered, new issues learnt, any gap between information covered in the University, review of related literature to issues covered, comparison of practical issues and reviewed literature, any gap and conclusions and recommendations to the company and the University. A guideline to the development of the report is issued to the candidates as a module outline.

CBA 4110 - Market and Liquidity Risk Management                                                                               12 Credits                           

The module covers forms of market risk in the banking sector, quantitative methods for measuring and monitoring market risk exposure, regulatory and environmental challenges in market risk, local and Basel regulation requirements and global financial crisis. The overarching systems and controls provisions in relation to a firm's management of its liquidity risk, pricing liquidity risk,  the strategic framework of liquidity management, instruments of active liquidity management, dynamic liquidity planning, liability management and Basel provisions on liquidity risk asset are also covered.

CBA 4111 - Introduction to Financial Markets & Institutions                                                                   12 Credits                           

The module covers financial system framework, the role and uses of money markets, the stakeholders’ in money markets, money market securities and their derivative products, parity conditions between money and foreign exchange markets. It also considers the nature and scope of capital markets as well as the role of the following capital market participants: Investors, depository institutions, non-depository institutions, and investment banking firms, central banks, government and other stakeholders.

CBA 4112 - Financial Econometrics                                                                                                         12 Credits                           

This module aims to introduce students to the fundamental techniques used in the analysis of financial data, and to provide the necessary econometric background to carry out empirical investigations. It covers topics such as dynamic regression models, distributed lag and autoregressive models, Interpretation of and presentation of key econometric findings and multiple regressions.

CBA 4113 - Applied Economics                                                                                                               12 Credits                           

The module set out to present basic features of the macroeconomic environment with special reference to developing economies. Macroeconomic policy has a direct and profound impact on the behaviour and the depth of financial systems in an economy and consequently on economic growth. Emphasis on short-term stabilization policies as prescribed by the SAPs in most LDCs has tended to generally post unexpected and non-standard outcomes The module comprises of introductory material set to analyze the theoretical foundations of such policies; their standard transmission mechanisms and why they may not be the most appropriate and effective policies in LDCs when taken in their raw form. The module also incorporates an introduction to Mathematical Economics part in order to keep students abreast with modern and widely accepted skills and techniques in the field of economic analysis and interpretation. The module also emphasizes on application of models discussed to real life situations.

CBA 4114 - Bank Regulation and Supervision                                                                                       12 Credits                           

The module equips students to be conversant with the regulation of financial institutions and markets. Topics covered include elements of financial supervision, theories and structure of regulation banking risk, capital regulation, banking crises, lender of last resort and deposit insurance, banking and financial crises, insolvency and systemic risk, central banking, central banking law, the independence and accountability of central banks, institutional organization of supervision, regulation of securities markets; regulation of insurance companies, pension funds, mutual funds, hedge funds and alternative investment funds, regulation of derivatives markets, takeovers and mergers, international financial regulation and cross-border bank insolvency.

CBA 4211 - Financial Engineering                                                                                                              12 Credits                           

The module shall cover topics including major valuation techniques in a variety of contexts including arbitrage pricing, interest rate futures, forward rate agreements, swaps, equity options, fixed income and other exotic derivatives, and other fundamentals of financial innovation in quantitative finance.

CBA 4212 - Bank Lending and Credit Risk Management                                                                         12 Credits                           

The module covered include credit assessment, principles of security, interpretation of financial statements, and bad and doubtful debts. It also covers the identification, measurements and financing of risk, including objective and subjective risk analysis, predicting corporate bankruptcy, managing and mitigation of credit risk.

CBA 4210 - Ethics and Corporate Governance                                                                                         12 Credits                           

The module seeks to develop in students a firm understanding of the basic of Corporate Governance by getting insights in different corporate governance systems. It includes issues relating to fiduciary duties, risk oversight, audits, internal controls and crisis management. In addition, it focuses on ethical issues, mainly the ability to identify and deal with ethical dilemmas and unethical practices in business.

CBA 4207 - Advanced International Banking and Finance                                                                       12 Credits                           

The module builds on the Introduction to Financial Markets module. This is designed to acquaint students with the broad perspective of international monetary structure. This module provides insights into international financial markets, operations and instruments, their development and challenges. It covers multinational financial management, international flow of funds, international financial markets, short term asset and liability management, long term asset and liability management, country risk analysis. It also discusses regulatory efforts to harmonize global financial dealings to ensure efficiency and reduce systemic risk, and contagious bank runs. The module also covers alternative international investments, exchange rate determination, currency derivatives, international arbitrage, parity conditions, and exchange rate risk management. Case Studies are used to highlight the regulatory challenges.

CBA 4007 – Research Project                                                                                                                     24 Credits                           

Students will be expected to complete a research project on a topic of their choice but limited to the taught modules. The project is a consolidation of the theoretical knowledge gained in the taught modules and the practical experience gained from Industrial Attachment. This module aims to give students the opportunity to solve practical entrepreneurial problems through research. A research project of at least 10000 words on an approved banking and risk management related topic is required. The research project will commence in 4^th year first semester and the final document is expected to be submitted in final year second semester. The study must address contemporary/ topical issues in banking, finance and risk. The research project consists of 5 chapters and must meet the requirements set by the department.