FINANCIAL AND BUSINESS ETHIC - BMEGT35M120

The course discusses the theoretical foundations of financial and business ethics, describing the most important do-mestic and international practical experiences. Its result is twofold because it serves to develop moral sensitivity as well as to expand economic expertise. The main topics highlight the ethical dimension of the economy, such as the social and market mechanisms at the macro level, and the requirements of customers, employers, economic decision-makers and responsible corporate operations at the micro level. It aims to enable students to recognize and properly manage ethical economic decision-making dilemmas.

1. the conceptual framework of financial and business ethics,
2. the most important ethical contexts and theories,
3. fair trading and dealing with customers
4. fundamentals of responsible corporate governance, fair competition

1. analyze financial and business processes and developments from an ethical point of view in practice
2. recognize and manage ethical decision-making dilemmas
3. plan and organize independent learning,
4. comprehend and use the professional literature of the topic,
5. grasp the professional language in writing and speech,
6. recognize and solve practical professional problems.

1. open to the ethical context of economic processes,
2. collaborate with their instructors and fellow students during the learning process,
3. expand and gain knowledge and information,
4. are open to ethical and critical thinking.

1. are open to accept reliable critical remarks,
2. are able to solve practical professional problems independently.

Lectures and written communication, use of ICT tools and techniques.

• 1. Az előadások prezentációinak anyaga, ami a félév során folyamatosan fog feltöltésre kerülni. - Slideshows of the lectures which will be uploaded continously during the semester.
• 2. Byars – Stanberry. 2020. Business Ethics. OpenStax. https://openstax.org/details/books/business-ethics?Book%20details
• 3. FerrelL O. C. 2016. Business Ethics: Ethical Decision Making & Cases. Cengage Learning
• 4. CFA: Code of Ethics and Standards of Professional Conduct
• 1. Beaton, George Ramsay. 2010. Why Professionalism is Still Relevant. University of Melbourne Legal Studies Research Paper No. 445.
• 2. Bellis, C. S. 2000. “Professions in Society.” British Actuarial Journal 6 (2): 317–64.
• 3. Bogle, John C. 2017. “Balancing Professional Values and Business Values.” Financial Analysts Journal 73 (2): 14–23.
• 4. CFA Institute. 2017. Future State of the Investment Profession. www.cfainstitute.org/learning/future/Documents/future_state_of_investment_profession.pdf
• 5. CFA Society UK. April 2016. The Value of the Investment Profession: A Report on Stakeholders’ Views. www.cfauk. org/-/media/files/pdf/professionalism/value-of-theinvestment-profession-report.pdf
• 6. Graham, Benjamin. 1949. The Intelligent Investor. New York: HarperCollins.
• 7. Graham, Benjamin, and David Dodd. 1934. Security Analysis. New York: McGraw-Hill.
• 8. Surdam, David George. 2020: Business Ethics from Antiquity to the 19th Century: An Economist's View. Springer International Publishing;Palgrave Macmillan
• 9. Surdam, David George. 2020: Business Ethics From The 19th Century To Today: An Economist’s View. Pal-grave Macmillan
• 10. Sanders, Deen, and Alex Roberts. 2015. Professionalisation of Financial Services. White Paper. https://www.psc.gov.au/sites/default/files/NEW-PSC%20Whitepaper_final.pdf.
• 11. Sen, Amartya Kumar. 1987. On Ethics and Economics. New York, NY: Basil Blackwell.
• 12. Robert O’Brien, Marc Williams: Global Political Economy: Evolution and Dynamics. Palgrave Macmillan, 2016
• 13. Paweł Bożyk: Globalization and the Transformation of Foreign Economic Policy. Ashgate Publishing, Ltd., 2006
• 14. Angus Maddison: Contours of the World Economy 1-2030 AD: Essays in Macro-Economic History. Oxford, University Press, 2007.

Assessment of the learning outcomes described under 2.2. is based on one written mid-term exam, but the result can be imporved with other extra midterm scores.

In order to obtain a ‘Signed’ mark, students are required to fulfil the attendance, participation requirements (the number of allowed absences is three), the completion of attendance and written, homework issued during the year, and activity on the lessons. Mid-term written exam (test: matching, embedded answers, multiple choice, random short answer matching, select missing words, short-answer, numerical, true/false) The result can be imporved with extra 20% by midterm scores.

• Mid-term written test: 100

The rules specific to the semester teaching and learning period apply.

Subject includes the topics detailed in the course syllabus to ensure learning outcomes listed under 2.2. can be achie-ved. Timing of the topics may be affected by calendar or other circumstances in each semester.