«CONFIRMED»

By decision of  Scientific Council

 of the Banking and Finance Academy

of the Republic of Uzbekistan

№2 from September 27, 2012

Acting chairman of the Scientific Council

____________ А. Bekmuradov

 

 REGULATION 

of the rating system for control and assessment of knowledge 

of master course students 

in the Banking and Finance Academy of the Republic of Uzbekistan

 

I. GENERAL CLAUSES

The main aim of the rating system for monitoring and assessment of knowledge of master course students in the Banking and Finance Academy of the Republic of Uzbekistan (further – BFA) is preparation of competitive and highly skilled human resources through their further professional development, developing their continuous activities and a creative approach on the subjects, and  abilities of working and thinking independently.

Main objectives of the rating system are the following: 

а) monitoring and analysis of development of relevant knowledge, abilities and skills of the master students in compliance with the State education standards;

b) realization of the main principles of assessing the knowledge, abilities, skills in compliance with the State education standards, accuracy, reliability and assessment in the suitable form;

c) organization and analysis of the systematic and timely mastering of subjects by master students;

d) development of master students’ skills of independent activities, organization of efficient use of information resources;

e) objective and accurate assessment of master students’ knowledge and its timely announcement of its results;

f) provision of comprehensive and continuous training of the master students on   the subjects;

g) creating conditions for computerization of organizational activity of academic process.

Assessment of master students’ knowledge on the subjects during a term is performed on the basis of the rating control schedule and assessment criteria.

 

II. TYPES OF CONTROL

AND THE ORDER OF ITS REALIZATION

Types of controls, procedures and criteria for their implementation are discussed and confirmed by the Scientific and Scientific-Methodological Councils of the Academy. They are also stated in the training program of each subject.

To ensure the appropriate level of knowledge and achievement by master students the state educational standards the following types of control are performed in the BFA:

Current control is a method of identifying and assessing the knowledge and skills of a master student on the topics of subjects. This control can be done in practical classes and seminars in the form of express-testing, oral questioning, interviews, and participation in discussions and in the homework and self-education in the form of essay, presentations and preparation of individual and group assignments.

Interim control is a method of identifying and assessing knowledge and practical skills of the master students after finishing a relevant unit of the academic program (including several topics of the subject) during the academic term. An interim control is conducted by the teacher of the subject. A small group consisting of 3-5 master students is formed to organize a group work. During 4 weeks each group develops a certain academic-research project (a written work, case-study, etc.). Taking into consideration peculiarities of the project developed, 60% of the scores belong to the term paper, and only 40% – to the group presentation.

Final control is a method of assessment of mastering theoretical knowledge and practical skills at the end of each subject. A final test is conducted in the form of the “Written work” (“Practical English” is an exception), directed to the analysis and control of independent reasoning of master students, connected with the basic concepts.

 

           III. ORDER AND CRITERIA OF ASSESSMENT

A level of master students’ knowledge is reflected in scores on the basis of the rating system of the control of knowledge, skills and abilities. Assessment of students’ progress is conducted on the 100-scored system during the academic term. Scores gained must be expressed as whole figures and 100 scores are divided as follows:

Types of rating control Maximum score Terms
I. Current control: 50,0 During the academic term
1. Express-testing, not less than twice during seminars or practical lessons. 10,0
2. Activity in seminars and practical lessons, interview, doing tests and home assignments.

 

20,0
3. Follow-up activities: developing projects, essay, individual assignments or group work. 20,0
II. Interim test: 20,0 During the 7-th week
Conducted in the form of academic-research project (a written work, case-study, etc.) in the group of 3-5 master students. This project is represented by 2 components: a written work (a project, a report, etc.) which is assessed at 60% of the total score and a presentation of the project which is assessed at 40% of the total score. 20,0
III. Final control: 30,0 During the 12-th week
A final test is conducted in the form of the “Written work” (“Practical English” is an exception), directed to the analysis and control of independent reasoning of master students, connected with the basic concepts.

 

30,0
Total score 100

While monitoring the progress of master students on the subject it is recommended to apply the following criteria:

а) 86-100 scores – a master student must be able to:

– make conclusions and accept decisions;

– think creatively;

– make an independent observation;

– apply a gained knowledge in practice;

– understand essence;

– know, understand;

– have an idea.

b) 86-100 scores – a master student must be able to:

– make an independent observation;

– apply a gained knowledge in practice;

– understand essence;

– know, understand;

– have an idea.

в) 55-70 scores – a master student must be able to:

– understand the essence;

– know, tell;

– have an idea.

г) A master student’s knowledge is assessed at 0-54 scores if he:

– does not have an exact idea;

– doesn’t know.

A master student’s rating on the subject is determined as follows:

 

Where:

V – a total academic loading for a term (in hours);

Оi – a level of subject mastering (in scores).

55% of the total score allotted to the current and interim control is considered to be satisfactory, and master students who have gained less score, are not allowed to participate in the final control.

A total score of the master students is equal to the sum of all scores on each type of control (current, interim, final) during the term.

 

      IV. TERMS OF CONTROL CONDUCTING

Tasks for an interim control are developed by the lecturer, who delivers this subject. The tasks and the terms of their submission are confirmed by the head of the department, then during the 2-nd academic week they are announced to the master students and submitted to the dean’s office.

In accordance with the rules of the rating control master students must submit developed academic-research projects to the dean’s office without any delays. Presentations must be presented in the 7-8-th academic week during seminars or practical lessons.  To the students submitted their term papers after the deadline, in compliance with the order some penalty scores are applied.

A final rating control is conducted at the end of the term. A written work of the master students is made on the sheets of paper stamped by the Academic affairs Department. It is submitted to the dean’s office where it is coded and registered. A registered written work is assessed by the teacher.

A master student must submit a project of the term paper on the subject before summing up all scores gained on the subject.

Master students who have missed classes due to the reasonable excuse (illness, agreed business trip, etc.) and who haven’t passed current, interim and final controls in time, master course faculties’ dean gives a permission to pass the type of the control during 2 weeks after the academic term starts.

If scores gained by a master student for current and interim controls during an academic term are less than 55% of the total score on these controls, or at the end of the academic term a sum of scores gained for current, interim and final controls are less than 55, this student is considered to be “an academic debtor”.

Those master students who have academic debts after the end of the academic term are given a one-month term for the second mastering. A master student, who fails this subject again, according to the dean’ recommendation is dismissed by the order of the rector.

If a master student does not agree with the results of assessment, he has the right to submit an application to the dean during one day from the moment of the announcement of the results of the control. In this case an appeal commission consisting of not less than 3 members is formed according to the rector’s order.

Having considered the applications of the master students, an appeal commission gives its conclusion on the same day.

 

    V. FINAL CONCLUSIONS

The BFA organizes and conducts monitoring over the objectiveness of the rating scores on the types of control. Arguments, arising on the issues, determined in this Regulation are considered in the Scientific Council of the BFA.