ECONOMICS WITH FINANCE COURSE HANDBOOK 2021/2022

WESTMINSTER INTERNATIONAL UNIVERSITY IN TASHKENT Course Handbook: BSc (Hons) Economics with Finance File: BSc(Hons) Economics with Finance Course Handbook page 1 of 122 Welcome to the course................................................................................................................. 3 Purpose of the handbook............................................................................................................. 5 How to contact us......................................................................................................................... 5 Course contact details ................................................................................................................ 5 The Academic Registrar’s Office ................................................................................................ 6 Student Support Services............................................................................................................ 6 Course information, news and events ......................................................................................... 7 Key information about the Academic Year ................................................................................. 8 Learning and Teaching................................................................................................................. 8 How will you learn?...................................................................................................................... 8 Employment and further study opportunities................................................................................ 9 Learning Resources Centre [LRC] and IT services...................................................................... 9 WIUT On-line Learning Management System............................................................................ 10 How to access your timetable ................................................................................................... 10 Student Engagement ................................................................................................................. 10 Assessment and Feedback ........................................................................................................ 10 How you will be assessed ......................................................................................................... 10 How do I submit my work? ........................................................................................................ 11 How is my work marked? .......................................................................................................... 12 How will I get my results? ......................................................................................................... 12 Using Feedback ....................................................................................................................... 12 University of Westminster Assessment boards ......................................................................... 13 Liaison Tutors ............................................................................................................................ 13 External Examiners .................................................................................................................... 13 Important information relating to your assessment ................................................................ 14 Academic Misconduct................................................................................................................ 14 Late coursework ....................................................................................................................... 14 Fit to sit ..................................................................................................................................... 15 Mitigating Circumstances .......................................................................................................... 15 Academic regulations ................................................................................................................ 15 Award ....................................................................................................................................... 15 Changing course ...................................................................................................................... 16 Exclusion .................................................................................................................................. 16 Interruptions ............................................................................................................................. 16 Withdrawing from the course .................................................................................................... 16 Your Course ................................................................................................................................ 16 Programme Specification .......................................................................................................... 16 Course Structure ...................................................................................................................... 17 Module Proformas ...................................................................................................................... 18 Level 4 Modules ...................................................................................................................... 19 Exploring Economics ................................................................................................................ 19 Introduction to Statistics and Data Science ............................................................................... 23 Mathematics for Economists ..................................................................................................... 27 Contemporary Issues in Global Economy ................................................................................. 30 Corporate Finance .................................................................................................................... 33 Industrial Organization .............................................................................................................. 36 Advanced Mathematics for Economists .................................................................................... 39 Introduction to Insurance Business ........................................................................................... 42 Level 5 Modules ...................................................................................................................... 45 Intermediate Microeconomics ................................................................................................... 45 Banking Theory and Practice .................................................................................................... 48 WESTMINSTER INTERNATIONAL UNIVERSITY IN TASHKENT Course Handbook: BSc (Hons) Economics with Finance File: BSc(Hons) Economics with Finance Course Handbook page 2 of 122 Intermediate Macroeconomics .................................................................................................. 51 Econometrics ............................................................................................................................ 55 Development Economics .......................................................................................................... 58 Introduction to Political Economy .............................................................................................. 61 Economics of Financial Crises .................................................................................................. 64 Public Finance .......................................................................................................................... 67 Money and Banking .................................................................................................................. 71 Islamic Finance ........................................................................................................................ 74 Level 6 Modules ...................................................................................................................... 77 Dissertation .............................................................................................................................. 77 Investments and Risk Management .......................................................................................... 81 International Economics ........................................................................................................... 85 Behavioural Economics ............................................................................................................ 88 Advanced Econometrics ........................................................................................................... 91 Labour Economics .................................................................................................................... 94 Economics of Agriculture and Natural Resources ..................................................................... 97 Applied Policy Analysis ........................................................................................................... 100 Health Economics ................................................................................................................... 103 FX Risk Management and Strategy ........................................................................................ 107 Bank Risk Management ......................................................................................................... 110 Applied Corporate Finance ..................................................................................................... 113 Global Financial Markets and Institutions ............................................................................... 117 Derivatives Management ........................................................................................................ 120 WESTMINSTER INTERNATIONAL UNIVERSITY IN TASHKENT Course Handbook: BSc (Hons) Economics with Finance File: BSc(Hons) Economics with Finance Course Handbook page 3 of 122 Welcome to the Course Welcome to the course: Welcome to Westminster International University in Tashkent (WIUT) and to the Bachelor of Science (Honours) in Economics with Finance, a validated course of the University of Westminster, London. The purpose of this handbook is to explain to you the main details of the course. Some of the information may appear complex and daunting at first sight, but as you become used to the University and the course you will find it very useful. We want you to feel confident in the course and hope this handbook will help you to understand the structure of the course, the assessment procedures, the course management and other vital aspects of your programme. It is important that you retain this handbook throughout your time at the University. The Course Handbook should be read in conjunction with the Academic Regulations, which contains vital information on University regulations, procedures and facilities. Copies of this booklet should be available in the library. Being a student can be an enjoyable experience. Despite all the pressures, it is a unique opportunity for you to discover your own strengths and to capitalise on them. This time will remain in your memories with warm thoughts and many friends you make here will stay with you for a lifetime. You will find that your peers on the course have diverse background, abilities, hopes and aspirations. We hope you will gain useful life experiences and knowledge from interaction with your fellow students as you progress in the course. Some of you, aim to gain an interesting and high paid job after graduating from the University, others may want to continue the studies towards Master’s Degree or research level. The University provides many opportunities to help you both in your studies and your personal development, but the main responsibility for learning is on you. We strive to create an academic environment in which you are continuously challenged and inspired to do your best. In order for you to achieve your goals it is an essential to build a partnership between all of us - you, the teachers and the University. So let us work together to achieve our aim and to make your time here an enjoyable and valuable experience. Bilol Buzurukov Course Leader WESTMINSTER INTERNATIONAL UNIVERSITY IN TASHKENT Course Handbook: BSc (Hons) Economics with Finance File: BSc(Hons) Economics with Finance Course Handbook page 4 of 122 Welcome to Westminster International University in Tashkent: It gives me great pleasure to warmly welcome you as a student of Westminster International University in Tashkent (WIUT), and as a student on a validated course of the University of Westminster. Colleagues both at WIUT and the University of Westminster are delighted that you are joining us. WIUT and the University of Westminster have been working in partnership for the last nineteen years to deliver educational programmes in Uzbekistan, and you are joining an institution with an outstanding reputation for educating students to go on to become leaders in their field both in Uzbekistan and overseas. You will find that WIUT has a wide range of excellent resources, and you will be taught by a highly qualified academic team who will support you throughout your time here. In addition there are regular visits from colleagues from the University of Westminster, in particular each course has a Liaison Tutor who you may meet as they make regular visits to Tashkent to ensure WIUT is able to deliver to the standards expected. As students you are one of our most important stakeholders, and we value the contribution you make both inside and outside the classroom, through curricular and co/extra-curricular activities. I would urge you to make the most of all the opportunities that are afforded to you. We are here to support you during your time at WIUT, and if you have any queries or need any help please do not hesitate to ask. Bakhrom Mirkasimov Rector WESTMINSTER INTERNATIONAL UNIVERSITY IN TASHKENT Course Handbook: BSc (Hons) Economics with Finance File: BSc(Hons) Economics with Finance Course Handbook page 5 of 122 PURPOSE OF THE HANDBOOK This handbook provides you with information about your course, and key information about:  Learning, teaching and assessment processes  University of Westminster and WIUT policy and regulations that affect your studies  Support available to students The Course Handbook should be read in conjunction with the University of Westminster Modular Framework for Undergraduate Courses and relevant sections of the current Handbook of Academic Regulations, which is available at the Academic Registrar’s Portal ( Regulations are subject to change and approval by the Academic Council of the University of Westminster and/or WIUT. How to contact us COURSE CONTACT DETAILS The Course Leader You are registered on a course and a set of modules. You will have a Course Leader who is responsible for the general management of the course and your programme of study. BSc (Hons) in Economics with Finance course leader is: Bilol Buzurukov Email: Who to contact about module queries? Module Leaders On the course, you will study a range of modules. A module team delivers each module. Each module has a Module Leader who is responsible for the delivery, resourcing, assessment and smooth running of the module and for co-ordinating the module team. If you have a query about a module, you should contact the relevant Module Leader. However, whilst studying on the module you may not be taught by the Module Leader so it may also be appropriate to contact your tutor who teaches you first. Module Leaders are responsible for:  The day to day administration of the module;  Liaising with other lecturers on the module and integrating contributions from staff;  The monitoring of students’ progress on the module and liaising with students’ tutors and the Course Leader as appropriate;  Ensuring that the assessment of the module operates smoothly in collaboration with the Academic Registrar’s Office. The list of Module Leaders can be found at the Faculty office or on the Intranet module page. For module queries, please make an appointment with a relevant lecturer by e-mail or visit them in their office hours. E-mail address information is available on the Intranet in Module Syllabus. WESTMINSTER INTERNATIONAL UNIVERSITY IN TASHKENT Course Handbook: BSc (Hons) Economics with Finance File: BSc(Hons) Economics with Finance Course Handbook page 6 of 122 Faculty Office The Faculty office deals with the operation of the Faculty functions, for example: staffing and staff professional development, academic programmes development and management, research and consultancy, academic quality assurance and enhancement, timetabling, academic requirements, etc. Who to contact about other student services: “Ask.WIUT” If you are not sure about an issue, you can approach the “Ask WIUT” information service and they will direct you to the most appropriate office. “Ask.WIUT” is an internal inquiries service, which provides students with information as who to approach when they have a query, get directions to find a particular place at the university or any other information. Ask WIUT Information Service is located on the ground floor, in the lobby of the Amir Temur building. THE ACADEMIC REGISTRAR’S OFFICE The Academic Registrar’s Office deals with all administrative aspects of your course, including those relating to enrolment and module registration, coursework and exams, letter requests, and University procedures and regulations. Office Opening Hours: Undergraduate Office (ATB 104): Open for all Monday to Friday 10.00 am - 14.00 pm 15.00 pm - 17.00 pm For more information, please visit Registrar’s Office Portal on STUDENT SUPPORT SERVICES The Social Department The Social Department provides advice and guidance on accommodation, financial and legal matters, personal counselling, health and disability issues, careers, and advice for international students. This gives students a chance to look at a variety of opportunities, starting from an advice and assistance on building plans for the future career, and ending with getting a part-time employment to cover their own living expenses. Additionally, for those who are required to undertake military service the Social Development Team can make necessary arrangements. Academic Counsellor You will be assigned an Academic Counsellor who is a member of academic staff who may or may not be teaching you on other modules on your course but has been especially selected for this role because of their personal qualities and knowledge of undergraduate studies. The Academic Counsellors provide academic and personal support and developmental advice, on a planned and regular basis. They provide the link between course delivery by academic staff and the more specialist support provided by University services. WESTMINSTER INTERNATIONAL UNIVERSITY IN TASHKENT Course Handbook: BSc (Hons) Economics with Finance File: BSc(Hons) Economics with Finance Course Handbook page 7 of 122 The Academic Support Centre helps students in developing the skills required for higher education as well as ongoing support in enhancement of Academic English, quantitative and research competency and skills. As well as online resources on WIUT Intranet, students have the opportunity to attend workshops and one-to-one appointments with Learning Support Officers. Further information on the Academic Learning Support Services can be found at