Referring to knowledge

In order to achieve the objectives of this subject, 40 hours of lectures are combined with 10 hours of lectures with a practical component and 10 hours of work in tutored groups. Each class group is divided into two subgroups. Each of these subgroups attends tutorial sessions every two weeks. These activities are conducted by the same lecturer.

Active student participation is strongly encouraged, as it greatly enhances the achievement of the subject’s objectives.

Continuous assessment

Students are entitled to continuous assessment, which consists of the following activities:

1. A mid-term test, to be taken upon completion of the first two teaching blocks (Financial sources). The test is divided into two parts: theoretical and practical. Each part contains 20 multiple-choice questions. A minimum mark of 4.5 out of 10 must be obtained on both parts in order to pass (with a minimum mark of 4 on each part to calculate the average). The overall mark includes the mark for the test, the grades obtained for assignments and class participation. A minimum mark of 5 out of 10 must be obtained to pass this first part.

Students who pass are considered to have successfully completed these blocks. Students who do not pass are transferred to single assessment. This test accounts for 50% of the final grade.

2. A second test, to be taken upon completion of the second teaching block (Risk management), for all students who successfully completed the first stage. The test is divided into two parts (theoretical and practical), each containing 20 questions. A minimum mark of 4.5 out of 10 must be obtained on both parts in order to pass (with a minimum mark of 4 on each part to calculate the average). The overall mark includes the mark for the test, the grades obtained for assignments and class participation. A minimum mark of 5 out of 10 must be obtained to pass this second part.

Students who do not achieve a mark of 5 out of 10 on each part are transferred to single assessment. This test accounts for 50% of the final grade for the subject.

Students who sit the second test but did not sit the first are automatically transferred to single assessment. Their tests will not be corrected and no mark can be awarded.

Students who sit the first test but do not sit the second fail the subject and must sit the single assessment examination.

By sitting the first test, students confirm their decision to opt for continuous assessment. The final grade for the subject is the average of the marks obtained on the two tests.

Grading: 1 point for correct answers; -0.25-point penalty for incorrect answers or answers left blank.

Repeat assessment

Repeat assessment consists of a final examination divided into two parts:

Theoretical — 30 multiple-choice questions graded as follows: 1 point for correct answers; -0.25-point penalty for incorrect answers or answers left blank.

Practical — 30 multiple-choice questions on two or three cases. The grading system is the same as for the theory questions.

Students must pass both the theoretical and practical parts in order to obtain an overall pass. To pass the subject, students must obtain at least 5/10 in each part (with a minimum of 4/10 in each part to calculate the average). The final grade is the average of the marks for each part.

Marks from continuous assessment activities completed during the course cannot be taken into account in the repeat assessment.

Examination-based assessment

Students who do not reach the minimum grade on the continuous mode of assessment are entitled to single assessment. The single assessment examination is held on the date set by the Academic Board. It is divided into a theoretical part and a practical part, each containing 30 multiple-choice questions. The examination covers the content of both teaching blocks: Financial sources and Risk management, each of which is worth 50% of the grade. To pass the subject, students must obtain at least 5/10 in each part (with a minimum of 4/10 in each part to calculate the average). Students who do not pass the examination are entitled to repeat assessment.