Choose one of the following two:

Insurance and Pensions – 30 credits

Insurance plays two key functions over the life cycle of a consumer. It absorbs risks and protects consumers from losing their income because of death, disability, retirement or depletion of income. Yet, insurance is not widely understood, resulting in the over-insurance of small risks (for example, contents) and underinsurance of big risks (for example, premature death and disability).
 
This module examines the use of insurance products to hedge against these three risks in life: premature death and disability, inadequate income in retirement and longevity risk. It focuses on how life insurance products (such as life insurance, critical illness, income protection) can be used to hedge against premature death and disability, pension plans to ensure adequate income in retirement and annuities to hedge against longevity risk. This module also examines why personal risk management is the foundation of financial planning, and why individuals need to have a greater understanding of insurance and pensions, because of changing welfare and occupational pension provision.
            
Management of Ecommerce – 30 credits

Modern-day consumers demand 24/7 access to both information and the ability to purchase goods or services—anything, anytime, anywhere and in multiple ways. Such levels of transactions are completed digitally in several million every day. These transactions are at the heart of ecommerce. This module covers the key concepts of ecommerce by giving an integrative perspective of front and back-end online commerce. The module examines the specific technologies and processes that characterise ecommerce. This module takes a holistic view of ecommerce and ecommerce global business models. You will explore the technologies and applications that enable ecommerce transactions. Taking a consultancy and management view, you should learn to evaluate ecommerce technologies and propose solutions to business scenarios based on case studies.