FINANCIAL AND BUSINESS ETHIC - BMEGT35M120

The course aims to make students able to recognise business ethical challanges and manage them properly. To achieve that aim, the course covers the basics of financial and business ethics and presents the lessons learned from both Hungarian and international experience. In addition, a special focus is given to the review, analysis, and resolution of the ethical dilemmas of professional life and the understanding of the codes of ethics of the leading international professional organisations. Thanks to these activities, by the end of the course, participants will be able to identify and analyse ethical dilemmas, map possible solutions, make decisions, and learn from the consequences of those in their private and professional lives.

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, case studies, role plays, 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. CFAI (2023): Code of Ethics and Standards of Professional Conduct, https://www.cfainstitute.org/en/ethics-standards/ethics/code-of-ethics-standards-of-conduct-guidance
• 3. A moodle-ben megosztott tananyagok – Sources shared on Moodle
• 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. Boatright, John R. (2014): Ethics in Finance, John Wiley & Sons, Inc, West Sussex, UK
• 4. Boatright, John R. (ed.) (2010): Finance Ethics, John Wiley & Sons, Inc., Hoboken, New Jersey
• 5. Bogle, John C. 2017. “Balancing Professional Values and Business Values.” Financial Analysts Journal 73 (2): 14–23.
• 6. CFA Institute. 2017. Future State of the Investment Profession. www.cfainstitute.org/learning/future/Documents/future_state_of_investment_profession.pdf
• 7. 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
• 8. 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.
• 9. Sen, Amartya Kumar. 1987. On Ethics and Economics. New York, NY: Basil Blackwell.
• 10. Surdam, David George. 2020: Business Ethics from Antiquity to the 19th Century: An Economist's View. Springer International Publishing;Palgrave Macmillan
• 11. Surdam, David George. 2020: Business Ethics From The 19th Century To Today: An Economist’s View. Pal-grave Macmillan
• 12. Weiss, Joseph W. (2014): Business Ethics, Berrett-Koehler Publishers, Inc., San Francisco, California, US

Assessment of the learning outcomes described under 2.2. is based on active participation in class room discussions, one group presentation and one or more individual home assignments. Participation at the classes is obligatory.

Oral group presentation, written individual home assignment.

• Group presentation: 40
• Individual home assignments: 60

The rules specific to the semester teaching and learning period apply. (CoS Sec. 121.)

Consulted with the Faculty Student Representative Committee, approved by the Vice Dean for Education, valid from: 04.03.2024.

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.