Bachelor of Science Development Finance

Application & Registration Closing Date: 9th February 2018

START:
12th February 2018
DURATION:
4 Years on FT and 5.5 Years on PT/DE
ID:
BDF

1.0 INTRODUCTION

This programme brief summarises the contents of the Bachelor of Science Development Finance (BDF) degree programme and is accordingly structured as follows. The programme rationale, aim, objectives and target group are outlined in Sub-sections 1.1 to 1.4 respectively, while the admission, grading and award criteria are given in Section 2.0. Sections 3.0 – 5.0 describe the course assessment, exemptions policy and course codes respectively. The programme structure is outlined in Section 6.0.

1.1 RATIONALE

Development finance is widely practiced by all central governments, major development finance institutions such as the World Bank, the IMF and the UN, public sector organisation, private sector organisations, international foundations and NGOs. It provides the expertise to start initial investments that act as the right catalyst, and demonstrate that enterprises can thrive in economically challenging markets. It is also used to ensure that funds channelled through development projects provide sustainable outcomes that can sustain the development agendas of developing countries.

However, there is a shortage of development finance experts in Zambia and developing countries in general, where the expertise is needed most. The BDF degree programme aims to ensure that Zambia produces enough development finance experts to meet the growing needs of the country.

1.2 AIM

The aim of this degree programme is to develop people and institutions that can help provide optimum financial outcomes that enhance the design and implementation of reforms and capacity-building programs adopted by development finance institutions, governments, the private sector, NGOs and the wider emerging markets.

1.3 OBJECTIVES

By the end of the programme, students should be able to:

  1. demonstrate a thorough grounding in the fundamental theories, concepts, principles and practices of development finance;
  2. demonstrate the critical abilities of analysis, interpretation, evaluation and judgement as applied to development finance;
  3. identify and evaluate development needs of development finance institutions, governments, the private sector, NGOs and the wider emerging markets;
  4. identify and evaluate sources of development finance for development finance institutions, governments, the private sector, NGOs and the wider emerging markets;
  5. discuss the impact of development finance on national, organisational and personal development; and
  6. undertake empirical research to help in solving development finance related challenges.

1.4 TARGET GROUP

This programme is targeted at the following groups of people:

  1. secondary school leavers who have attained the minimum qualifications for university admission and who wish to start a career in Development Finance;

  2. any eligible person who wishes to pursue a career in Development Finance;

  3. Development Finance Practitioners;
  4. Civil Servants;
  5. Staff of Development Finance Institutions;
  6. Entrepreneurs;
  7. Staff of NGOs; and
  8. Staff in the Private Sector.

2.0 ADMISSION, GRADING AND AWARD CRITERIA

2.1 ADMISSION CRITERIA

To qualify for admission to the BDF degree programme an applicant must have any of the following qualifications:

  1. five credits at ‘O’ Level including English and Mathematics;

  2. at least three ‘A’ level passes including Mathematics or equivalent;

  3. any degree from a recognised institution; and

2.2 REGULATIONS GOVERNING THE AWARD OF BACHELOR OF SCIENCE IN FINANCE AND INVESTMENT MANAGEMENT DEGREE

2.2.1 Duration of study

The course of study for the award of the BDF degree shall be completed in a period of:

  1. not less than four and not more than six academic years in the case of full time students;

  2. not less than five and not more than seven academic years in the case of evening students;

  3. not less than four and not more than seven academic years in the case of distance education students;

  4. not less than five and not more than seven academic years in the case of part time students;

  5. provided that for top-up degrees, the duration may be shorter, but not less than one year.

2.2.2 Student progression

A programme of study shall be taken in the sequence approved by the ZCAS University Senate.

Full time students

  1. A full-time student shall register for and take four courses in any semester of the academic year; provided that a student may in exceptional circumstances be permitted to take one additional course whether carried over from the previous academic year or additional in any one semester.
  2. A full time student who passes all the courses taken during the academic year of study shall be allowed to proceed to the next level of study.
  3. A full time student who fails in one course in any academic year may be permitted to proceed to the next level of study; provided that the student repeats the course at the first available opportunity.
  4. A full time student who fails some or all of the courses in the first semester of an academic year shall be allowed to proceed to the second semester courses; provided the student repeats the failed course at the first available opportunity.
  5. A full time student who fails some or all of the courses in the second semester of an academic year shall be required to repeat those courses before proceeding to the next level of study, provided that the student has passed the first semester courses.
  6. A full time student who fails all the courses in any academic year shall be excluded.
  7. A full time student who fails a course twice is subject to exclusion; provided that, subject to successful appeal, the student may be permitted to repeat the course for the third and final time.
  8. Exclusion is applicable in compliance with the preceding regulations in any academic year of study including the final year.

Evening students

  1. An evening student shall register for and take three courses each semester; provided that a student may in exceptional circumstances be permitted to take one additional course whether carried over from the previous academic year or additional in any one semester.

  2. An evening student who passes all the courses taken during the academic year of study shall be allowed to proceed to the next level courses.

  3. An evening student who fails in one course in any academic year may be permitted to proceed to the next level courses; provided that the student repeats the course at the first available opportunity.

  4. An evening student who fails some or all of the courses in the first semester of an academic year shall be allowed to proceed to the second semester courses; provided the student repeats the failed courses at the first available opportunity.

  5. An evening student who fails some or all of the courses in the second semester of an academic year shall be required to repeat those courses before proceeding to the next level of study, provided that the student has passed the first semester courses.

  6. An evening student who fails all the courses in any academic year shall be excluded.

  7. An evening student who fails a course twice is subject to exclusion; provided that, subject to successful appeal, the student may be permitted to repeat the course for the third and final time.

  8. Exclusion is applicable in compliance with the preceding regulations in any year of study including the final year.

Distance Education students

  1. A distance education student shall register for and take a minimum of three courses and a maximum of four courses each semester; provided that a student may in exceptional circumstances be permitted to take one additional course whether carried over from the previous academic year or additional in any one semester.

  2. A distance education student who passes all the courses taken during the academic year of study shall be allowed to proceed to the next level courses.

  3. A distance education student who fails in one course in any academic year may be permitted to proceed to next level courses; provided that the student repeats the course at the first available opportunity.

  4. A distance education student who fails some or all of the courses in the first semester of an academic year shall be allowed to proceed to the second semester courses; provided the student repeats the failed courses at the first available opportunity.

  5. A distance education student who fails some or all of the courses in the second semester of an academic year shall be required to repeat those courses before proceeding to the next level of study, provided that the student has passed the first semester courses.

  6. A distance education student who fails all the courses in any academic year shall be excluded.

  7. A distance education student who fails a course twice is subject to exclusion; provided that, subject to successful appeal, the student may be permitted to repeat the course for the third and final time.

  8. Exclusion is applicable in compliance with the preceding regulations in any year of study including the final year.

Part Time students

  1. A part time student shall register for and take not more than three courses in any semester of the academic year.

  2. A part time student who passes all the courses taken during the academic year of study shall be allowed to proceed to the next level courses.

  3. A part time student who fails in one course in any academic year may be permitted to proceed to the next level courses; provided that the student repeats the course at the first available opportunity.

  4. A part time student who fails some or all of the courses in the first semester of an academic year shall be allowed to proceed to the second semester courses; provided the student repeats the failed courses at the first available opportunity.

  5. A part time student who fails some or all of the courses in the second semester of an academic year shall be required to repeat those courses before proceeding to the next level of study, provided that the student has passed the first semester courses.

  6. A part time student who fails all the courses in any academic year shall be excluded.

  7. A part time student who fails a course twice is subject to exclusion; provided that, subject to successful appeal, the student may be permitted to repeat the course for the third and final time.

  8. Exclusion is applicable in compliance with the preceding regulations in any year of study including the final year.

    1. Deferred and supplementary examinations

      1. Deferred Examinations

A student who is unable to attempt a scheduled assessment may be awarded a deferred assessment subject to a successful application based on extenuating circumstances. A deferred assessment shall be graded normally, i.e. the student shall be awarded the actual mark obtained in the assessment or a final grade of between D and A+ in the course.

      1. Supplementary examinations

A student who has failed a course with a D+ grade may be awarded a supplementary examination in the failed course, provided that the student has passed the continuous assessment for that course. Supplementary examinations may be awarded in up to two courses in any semester of an academic year. A supplementary examination is marked on a pass/fail basis.

  1. COURSE ASSESSMENT AND GRADING

3.1 COURSE ASSESSMENT

In all the courses listed (except for BDF421 Research Methods and BDF442 Dissertation), the distribution of marks shall be as follows:

Continuous assessment 40%

1 test 30%

1 assignment 10%

Final examination 60%

Total 100%

The one test and final examination shall consist of one examination paper in each of the courses listed (except for the BDF421 Research Methods and BDF442 Dissertation) and shall normally be of two hours and three hours duration respectively.

    1. GRADING

To be eligible for the award of the BDF degree, a student must have:

  1. Passed all the 32 Courses.

  2. Adhered to the requisite course combinations in each semester.

In the grading of final examination results, the following scale will apply:

Pass grades

A+ Distinction (86% and above)

A Distinction (76% – 85%)

B+ Meritorious (66% – 75%)

B Very Satisfactory (56% – 65%)

C+ Definite Pass (46% – 55%)

C Bare Pass (40% – 45%)

S Satisfactory, pass in a practical course

P Pass in a supplementary examination

Fail grades

D+ Bare Fail (35% – 39%)

D Definite Fail (34% and below)

F Fail in a supplementary examination

U Unsatisfactory, fail in a practical course

NE No examination taken

WD Was withdrawn from the course with unsatisfactory academic progress – recorded where a student has not completed the required level of course work after a warning from the Head of Programme and/or the Director Academic Studies/Dean of School. The Director Academic Studies/Dean of School has withdrawn the student from the course before the examination.

LT Left the course during the semester without permission

DQ Was disqualified in a course by Senate

DR Was de-registered for failure to pay fees

RS To re-sit the course examination only – recorded where a student is allowed by Senate to re-sit the final semester examination in the course, and to carry over the previous course work assessment.

3.3 CLASSIFICATION OF THE DEGREE

  1. In calculating the grade of the degree, the following points shall be applied to the grades obtained.

    1. A+ 2.5 points

    2. A 2.0 points

    3. B+ 1.5 points

    4. B 1.0 point

    5. C+ 0.5 point

    6. C 0 point

  2. The grading of the BDF degree is based on all grades obtained in the last two years (i.e. 16 courses). No points are awarded where a course has been repeated.

  3. The points for classification of the degree shall be as follows:

Distinction 28 – 40 points

Merit 20 – 27.5 points

Credit 12 – 19.5 points

Pass 0 – 11.5 points

4.0 EXEMPTIONS (ACCREDITATION OF PRIOR LEARNING)

  1. A student who has, prior to admission to the BDF attended, whether at ZCAS University or elsewhere, courses of instruction and passed examinations equivalent in standard to courses and examinations which form part of the programme of study may, subject to approval, be exempted from attendance of classes and examinations in those courses. Exemptions will apply to candidates in possession of specific professional qualifications, while for all other candidates, exemptions will be granted on a case by case basis.

  2. No exemptions are available in respect of third and fourth year courses regardless of the candidate’s qualifications.

5.0 COURSE CODES

The letters of the course codes are an abbreviation of the name of the programme while the first digit stands for the year of study. The second digit is the serial number of the course in the semester and the last digit indicates whether it is a first/second semester course. For example, BDF442 means a BDF fourth year course, course number four offered in the second semester.

6.0 COURSE STRUCTURE

Each year of study will be divided into two semesters. Except for BDF421 Research Methods and BDF442 Dissertation courses in the final year, the rest of the courses are structured in such a way that semester one courses are not a pre-requisite of semester two courses in each academic year. The course structure is as shown in Tables 1 to 4 below.

Table 1 Year 1 Courses

Semester 1

Semester 2

Course Code

Course Title

Course Code

Course Title

BDF111

Academic Writing

BDF112

Introduction to Macroeconomics

BDF121

Development Studies

BDF122

Principles of Accounting

BDF131

Introduction to Microeconomics

BDF132

Introduction to Quantitative Methods

BDF141

Introduction to Finance

BDF142

Introduction to Financial Markets

Table 2 Year 2 Courses

Semester 1

 

Semester 2

 

Course Code

Course Title

Course Code

Course Title

BDF211

Business Finance

BDF212

International Trade and

Finance

BDF221

Financial Accounting

BDF222

Project Finance

BDF231

Development and Growth

BDF232

Globalisation

BDF241

ICT in Development

BDF242

Development Microfinance

Table 3 Year 3 Courses

Semester 1

 

Semester 2

 

Course Code

Course Title

Course Code

Course Title

BDF311

Modern Development Theories

BDF312

International Economics

BDF321

International Finance for Development

BDF322

Micro-insurance

BDF331

Public Sector Reform

BDF332

Managing Strategic Risk

BDF341

Financial Risk Management

BDF342

SME Finance

Table 4 Year 4 Courses

Semester 1

 

Semester 2

 

Course Code

Course Title

Course Code

Course Title

BDF411

Strategic Management

BDF412

Public Finance

BDF421

Research Methods

BDF422

Contemporary Issues in Development Finance

BDF431

Renewable Energy Finance

BDF432

Innovation and

Entrepreneurship

BDF441

Financial Modelling and

Forecasting

BDF442

Dissertation

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