Course
Discontinued
No
Course Code
FINC 2210
Descriptive
Financial Products and Services
Department
Finance
Faculty
Commerce & Business Administration
Credits
3.00
Start Date
End Term
201330
PLAR
No
Semester Length
15 Weeks X 4 Hours per Week = 60 Hours
Max Class Size
35
Contact Hours
Lecture: 4 Hrs.
Total: 4 Hrs.
Learning Activities
Material will be presented within a lecture/discussion environment.
Course Description
This course provides an introduction to the wide range of common retail financial products and services offered by Canada’s financial institutions. After a brief discussion on the evolution of money and the Canadian monetary system, the course covers a detailed review of those primary and supplemental deposit, credit, and special products and services available to individuals and businesses through the financial institutions, supported by an integrative model approach for each.
Course Content
- Evaluation of function of money and relationship between money and client’s needs.
- Recognize and explain supplementary products related to deposit transactions.
- Differentiate between short and long-term products and use of financial institution credit.
- Relationship between banking and insurance; insurance products and customer needs.
- Tools of short and long term financing; types of loans; use and need for personal credit.
- Factors that differentiate investments; investment decisions and client’s objectives
- Forecasting financial needs for retirement; RRSP. RRIF and annuity products.
- Financial institutions and the needs of small business.
Learning Outcomes
At the end of the course, the successful student should be able to:
- Discuss and understand the demand for money and financial products and services
- Differentiate between various supplementary products: Cheques, Transfers, PAP and Direct Deposits
- Identify banking and non-banking savings products.
- Discuss and evaluate insurance products
- Demonstrate use and function of loans and borrowed money
- Discuss and differentiate commonly used products for long-term investing
- Evaluate and discuss benefits of retirement planning products
- Identify and compare specialized financial products directed towards business needs
Means of Assessment
Term Exams (2) 40%
Final Examination 30%
Projects/Cases/Written Assignments 30%
100%
Textbook Materials
Textbooks and Materials to be Purchased by Students
Dell’Aniello, Paul. Financial Products and Services, latest revised edition. Montreal: The Institute of Canadian Bankers.
Texas Instruments BA35