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FI 363 Financial Institutions and Markets
Bowen, John E.


Mission Statement: The mission of Park University, an entrepreneurial institution of learning, is to provide access to academic excellence, which will prepare learners to think critically, communicate effectively and engage in lifelong learning while serving a global community.

Vision Statement: Park University will be a renowned international leader in providing innovative educational opportunities for learners within the global society.
CourseFI 363 Financial Institutions and Markets DC
SemesterS2DD2005
FacultyBowen, John E.
TitleAdjunct Faculty
Degrees/CertificatesB.S., MBA
Office LocationHome
Office HoursEarly afternoons, Mon. through Sat.
Daytime Phone614-457-8985
Other Phone614-457-8985
E-MailJohn.Bowen@pirate.park.edu
sharonjb@ix.netcom.com
Semester Dates21 March to 15 May 2005
Class Days-M-----
Class Time5:00 - 10:30 PM
PerquisitesEC301
Credit Hours3

Textbook:
FINANCIAL MARKETS AND INSTITUTIONS,6th ed., Jeff Madura, Thomson/Southwestern, ISBN 0-324-16261-8

Textbooks can be purchased though the MBS bookstore

Additional Resources:
Handouts will be provided throughout the course.


Course Description:
A study of the macrofinancial environment with emphasis on the structure, functions, and economic role of financial institutions and markets.  This includes the role of commercial banks, the central banking system and international finance.  Pre-requisite:  EC301.  3:0:3

Educational Philosophy:
The student should be able to apply course concepts to not only the so-called "real world" at present but should develop a breadth of understanding that will enable the student to use the course many years from now and apply it to the student's economic and personal needs and interests.

Learning Outcomes:
1. Discuss the money supply response to changes in key variables including the reserve ratio, the nonbororrowed monetary base, the discount rate, the currency ratio, expected deposit outflows, and market interest rates.
2. Compare the Classical and Neoclassical (Monetarist) views of money demand with the Keynesian view, focusing on the role of interest rates and the debate surrounding the velocity of money.
3. Identify the tools, goals, and targets of monetary policy.
4. Discuss the transmissions mechanisms of monetary policy.
5. Discuss how asymmetric information, adverse selection, and moral hazard relate to banking regulaton in the U.S. and abroad.
6. Apply macroeconomic and monetary theory to a selected real world situation.

Course Assessment:
1. Midterm and final exam.
2. Team project covering a financial institution category and a specific organization within that category.

Grading:
1. Midterm: 45%.
2. Final exam: 45%
3. Team project: 10%

Late Submission of Course Materials:
Late submission will be accepted only if prior approval is granted or if a proven emergency has occurred.

Classroom Rules of Conduct:
1. All are expected to be present for the entire class.
2. Each person is expected to be alert and able to participate throughout the class.
3. Cell phones shall be turned off and not used during the class, though they may be used during breaks.
4. Every person will show proper courtesy and respect to every other person in class.

Course Topic/Dates/Assignments:
MARCH 21, 28 AND APRIL 4
Topics: introduction and team organization; historical development of financial institutions and markets with special focus on the United States and trends affecting the future; and debt, equity, and derivative markets.
Assignments: scan chapter one; read Parts Three through Five. Read handouts.

APRIL 11
Review and midterm. Update of each team's term project.

APRIL 18 & 25
Topics: interest rates and monetary policy, private and government institutions, commercial and federal reserve banking, nonbank financial institutions, and personal applications. Team Reports: April 25.
Assignments: read Parts 1, 2, 6, and 7. Read handouts.

MAY 2
Tour and discussion: The Federal Reserve Bank of Cleveland. Tour will be for the May 2 class but will be held May 5.



Academic Honesty:
Academic integrity is the foundation of the academic community. Because each student has the primary responsibility for being academically honest, students are advised to read and understand all sections of this policy relating to standards of conduct and academic life.  
Park University 2004-2005 Undergraduate Catalog
Page 101

Plagiarism:
Plagiarism involves the use of quotations without quotation marks, the use of quotations without indication of the source, the use of another's idea without acknowledging the source, the submission of a paper, laboratory report, project, or class assignment (any portion of such) prepared by another person, or incorrect paraphrasing. <a href="http://www.park.edu/catalog">
Park University 2004-2005 Undergraduate Catalog</a> Page 101

Attendance Policy:
Instructors are required to maintain attendance records and to report absences via the online attendance reporting system.

  1. The instructor may excuse absences for valid reasons, but missed work must be made up within the semester/term of enrollment.
  2. Work missed through unexcused absences must also be made up within the semester/term of enrollment, but unexcused absences may carry further penalties.
  3. In the event of two consecutive weeks of unexcused absences in a semester/term of enrollment, the student will be administratively withdrawn, resulting in a grade of "WH".
  4. A "Contract for Incomplete" will not be issued to a student who has unexcused or excessive absences recorded for a course.
  5. Students receiving Military Tuition Assistance or Veterans Administration educational benefits must not exceed three unexcused absences in the semester/term of enrollment. Excessive absences will be reported to the appropriate agency and may result in a monetary penalty to the student.
  6. Report of a "F" grade (attendance or academic) resulting from excessive absence for those students who are receiving financial assistance from agencies not mentioned in item 5 above will be reported to the appropriate agency.

Park University 2004-2005 Undergraduate Catalog Page 100
It is the instructor's objective to provide a class which will be such that each student will attend because he or she wants to do so and not just because the student must do so. Nevertheless, school policies regarding attendance will be enforced regardles of whether that objective is achieved.

Disability Guidelines:

Park University is committed to meeting the needs of all students that meet the criteria for special assistance. These guidelines are designed to supply directions to students concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, regarding students with disabilities. In the case of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Park University is committed to meeting the needs of all learners that meet the criteria for special assistance. These guidelines are designed to supply directions to learners concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the American with Disabilities Act of 1990, regarding learners with disabilities and, to the extent of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Additional information concerning Park University's policies and procedures related to disability can be found on the Park University web page:
http://www.park.edu/disability
 
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Copyright:
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