monetary and financial system and risk management

Student ID Number:Module Code
Module Title
Module Credits
GAC5013
Money, Banking and Risk
20
Academic Year and
Semester
Examination Board
Level & Block
2023-24, 2nd Semester
July 2024
5-1
Method of Assessment
Term (Mid-term /End-term)
Weighting
WRIT1 – Coursework
Mid-term
50%
Module Leader
Module Leader email
Dr. Muhammad Shahbaz
Muhammad.Shahbaz@gulfcollege.edu.om
Additional Information (if any)
Submission deadline: 25th April 2024 @ 9PM.
Click or tap here to enter text.
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Contents
1. Assessment Details
2. Submission Details
3. Assessment Criteria
4. Further Information
 Who can answer questions about my assessment?
 Referencing
 Submission problems
 Unfair academic practice
 How is my work graded?
5. IV form
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Assessment Details
Assessment title
Abr.
Weighting
Coursework
WRIT1
50%
Pass marks for undergraduate work is 40%, unless stated otherwise.
Task/assessment brief:
Assessment Task
Picture yourself as an aspiring financial analyst in Oman. Your next challenge: a 2000-word assignment that delves
into Oman’s intricate monetary system, delving into the intricacies of risk management within local organizations.
Your task also involves exploring the theoretical foundations of risk as they apply to Oman. Most importantly,
you’ll investigate the indispensable economic aspects of credit and business risk within Oman’s thriving financial
markets. This assignment offers a unique opportunity to showcase your expertise and understanding of Oman’s
financial landscape.
Introduction (10 Marks)
Section A: Monetary and Financial System (20 Marks)

Explain the role and importance of the monetary and financial system in supporting a country’s
economic growth. Provide examples to illustrate your points.

Analyse the functions of financial institutions within the monetary system, considering their roles in
facilitating capital allocation and risk management. Use real-world financial institutions to support your
analysis.

Discuss the regulatory framework and the role of regulatory bodies in ensuring the stability and
integrity of financial markets. Provide examples of regulatory bodies and their functions in Oman.
Section B: Risk Management, Theoretical Underpinnings of Risk and Economic Necessity of Credit & Business
Risk (60 Marks)

Define and differentiate between various types of risks that organizations, including financial
institutions, face in their operations. Provide examples of each type of risk.

Describe the theoretical foundations of risk, including the concepts of risk aversion, risk-return tradeoff, and risk assessment. How are these concepts relevant to decision-making in financial markets?

Discuss the economic necessity of credit in a modern economy. How does credit facilitate economic
growth, and what are the risks associated with credit expansion?
Conclusion (10 Marks)
Summarize the key takeaways from this assignment, highlighting the significance of understanding the
monetary and financial system, risk management, and financial markets in the context of contemporary
business and finance.
References: Include a list of references using a proper citation style (Harvard Referencing Style) for any sources
you have used in your assignment.
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Additional instructions:
You are required to write an assignment report (2,000 words) based on the outline given below:
Introduction
Section A: Monetary and Financial System
(300 words)
(400 words)
Section B: Risk Management, Theoretical Underpinnings of Risk and Economic Necessity of Credit & Business
Risk
(1000 words)
Conclusion
(300 words)
Reference – It includes a comprehensive list of references from all sources including books, e-books, online
sources, newspapers, journals and publications using the proper Harvard referencing system (10-15 references).
*************
Word count (or equivalent):
2000
This is a reflection of the effort required for the assessment. Word counts will normally include any text, tables,
calculations, figures, subtitles and citations. Reference lists and contents of appendices are excluded from the
word count. Contents of appendices are not usually considered when determining your final assessment grade.
Academic or technical terms explained:
Submission Details
Submission
Deadline:
th
Mid – 25 April 2024
Estimated Feedback
Return Date
After the result
announcement (10 working
days) – July 2024 EB
Submission
Time:
9:00 PM
Turnitin:
Any assessments submitted after the deadline will not be marked and will be recorded as
a non-attempt unless you have had an extension request agreed or have approved
mitigating circumstances. See the Gulf College website for more information on
submission details and mitigating circumstances.
File Format:
The assessment must be submitted as a word document and submit through the Turnitin
submission point.
Your assessment should be titled with your:
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Student ID number, Module code and Assessment ID,
e.g. 1610200 GAC5013 WRIT1
Feedback
Feedback for the assessment will be provided electronically via Turnitin / MS Teams / Face
to Face. Feedback will be provided with comments on your strengths and the areas which
you can improve. Module tutors give students two types of assessment feedback: formative,
which is given when the student is working on the completion of an assignment or
coursework, and summative, which is given upon completion of the module. A
comprehensive assessment feedback on your performance will be given after the
announcement of the results. (10 Working Days)
Assessment Criteria
Learning outcomes assessed
On successful completion of the module, a student should be able to:
 Identify and explain the importance of the monetary and financial system and analyse the roles and
functions of financial institutions, participants and regulators within markets and evaluate how financial
markets operate

Demonstrate an understanding the different types of risks and causes of risk management within
organisation (including financial institutions)

Understand the theoretical underpinnings of risk –its causes, and methods of managing the primary
business risks arising from financial markets

Understand the economic necessity of credit and business risk
In addition, the assessment will test the following learning outcome:
 Identify and explain the importance of the monetary and financial system and analyse the roles and
functions of financial institutions, participants and regulators within markets and evaluate how financial
markets operate

Demonstrate an understanding the different types of risks and causes of risk management within
organisation (including financial institutions)

Understand the theoretical underpinnings of risk –its causes, and methods of managing the primary
business risks arising from financial markets

Understand the economic necessity of credit and business risk.
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Marking/Assessment Criteria
Topics
Introduction
Marks
Allocated
Description
Briefly discuss banking system in Oman.
10
Section A: Monetary and Financial System

Role and Importance of Monetary and Financial System (6 Marks)

Functions of Financial Institutions (6 Marks)

Regulatory Framework and Regulatory Bodies (8 Marks)
20
Section B: Risk Management
Content analysis

Types of Risks (6 Marks)

Importance of Risk Management (6 Marks)

Causes and Consequences of 2008 Financial Crisis (8 Marks)
20
Theoretical Underpinnings of Risk

Theoretical Foundations of Risk (10 Marks)

Use of Financial Derivatives (10 Marks)
20
Economic Necessity of Credit and Business Risk
Conclusion

Economic Necessity of Credit (10 Marks)

Business Risk (10 Marks)
20
A summary of the analysis with logical flow of information given in the report.
Total
10
100 marks
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Click or tap here to enter text.
Further Information
Who can answer questions about my assessment?
Questions about the assessment should be directed to the staff member who has set the task/assessment
brief. This will usually be the Module tutor. They will be happy to answer any queries you have.
Referencing and independent learning (Not applicable for Examination)
Please ensure you reference a range of credible sources, with due attention to the academic literature in
the area. The time spent on research and reading from good quality sources will be reflected in the quality
of your submitted work.
Remember that what you get out of university depends on what you put in. Your teaching sessions
typically represent between 10% and 30% of the time you are expected to study for your degree. A 20credit module represents 200 hours of study time. The rest of your time should be taken up by selfdirected study.
Unless stated otherwise you must use the HARVARD referencing system. Further guidance on referencing
can be found in the on Moodle. Correct referencing is an easy way to improve your marks and essential
in achieving higher grades on most assessments.
Technical submission problems (Not applicable for Examination)
It is strongly advised that you submit your work at least 24 hours before the deadline to allow time to
resolve any last minute problems you might have. If you are having issues with IT or Turnitin you should
contact the IT Helpdesk on (+968) 92841521/ 92841217. You may require evidence of the Helpdesk call if
you are trying to demonstrate that a fault with Turnitin was the cause of a late submission.
Mitigating circumstances
Short extensions on assessment deadlines can be requested in specific circumstances. If you are
encountering particular hardship which has been affecting your studies, then you may be able to apply
for mitigating circumstances. This can give the teachers on your programme more scope to adapt the
assessment requirements to support your needs. Mitigating circumstances policies and procedures are
regularly updated. You should refer to your Academic Advisor for information on extensions and
mitigating circumstances.
Unfair academic practice
Cardiff Met takes issues of unfair practice extremely seriously. The University has procedures and
penalties for dealing with unfair academic practice. These are explained in full in the University’s Unfair
Practice regulations and procedures under Volume 1, Section 8 of the Academic Handbook. The Module
Leader reserves the right to interview students regarding any aspect of their work submitted for
assessment.
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Types of Unfair Practice, include:
Plagiarism, which can be defined as using without acknowledgement another person’s words or ideas and
submitting them for assessment as though it were one’s own work, for instance by copying, translating
from one language to another or unacknowledged paraphrasing. Further examples include:
 Use of any quotation(s) from the published or unpublished work of other persons, whether published
in textbooks, articles, the Web, or in any other format, where quotations have not been clearly
identified as such by being placed in quotation marks and acknowledged.
 Use of another person’s words or ideas that have been slightly changed or paraphrased to make it
look different from the original.
 Summarising another person’s ideas, judgments, diagrams, figures, or computer programmes
without reference to that person in the text and the source in a bibliography/reference list.
 Use of assessment writing services, essay banks and/or any other similar agencies (NB. Students are
commonly being blackmailed after using essay mills).
 Use of unacknowledged material downloaded from the Internet.
 Re-use of one’s own material except as authorised by your degree programme.
Collusion, which can be defined as when work that that has been undertaken with others is submitted
and passed off as solely the work of one person. Modules will clearly identify where joint preparation and
joint submission are permitted, in all other cases they are not.
Fabrication of data, making false claims to have carried out experiments, observations, interviews or
other forms of data collection and analysis, or acting dishonestly in any other way.
How is my work graded?
Gulf College uses Cardiff Metropolitan University’s Generic Band Descriptors (GBD), in conjunction with
programme-specific and/or assessment-specific descriptors that are developed in accordance with the
principles underpinning the generic descriptors, as a reference in marking student work outputs. This is
to ensure that marking is consistent across all Cardiff Met students’ work, including the work outputs of
students in Gulf College.
Assessment marking undergoes a meticulous process to make sure that it is fair and truly reflects the
performance of students in their modules. Marking of work at each level of Cardiff Met degree
programmes are benchmarked against a set of general requirements set out in Cardiff Met’s Guidance
on Assessment Marking.
https://www.cardiffmet.ac.uk/registry/academichandbook/Documents/AH1_04_03.pdf
To find out more about assessments and key academic skills that can have a significant impact on your
marks, download and read your Module Handbook from Moodle and your Programme Handbook from
the college website.
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