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FI 363 Financial Institutions & Markets
Howard, Matthew Allen


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.

Course

FI 363 Financial Institutions and Markets

Semester

F1T 2008 DL

Faculty

Howard, Matthew Allen

Title

Senior Instructor

Degrees/Certificates

BSBA Finance
Masters in Business Administration

Daytime Phone

505-681-3291

E-Mail

matthew.howard@park.edu

Semester Dates

08/18/08 - 10/12/08

Class Days

TBA

Class Time

TBA

Prerequisites

EC 301

Credit Hours

3


Textbook:

Financial Markets and Institutions, 6th ed., by Frederic Mishkin. ISBN: 0321374215 Pearson.

Textbooks can be purchased through the MBS bookstore

Additional Resources:

A financial calculator is not mandatory but may be helpful in doing the homework.

McAfee Memorial Library - Online information, links, electronic databases and the Online catalog. Contact the library for further assistance via email or at 800-270-4347.
Career Counseling - The Career Development Center (CDC) provides services for all stages of career development.  The mission of the CDC is to provide the career planning tools to ensure a lifetime of career success.
Park Helpdesk - If you have forgotten your OPEN ID or Password, or need assistance with your PirateMail account, please email helpdesk@park.edu or call 800-927-3024
Resources for Current Students - A great place to look for all kinds of information http://www.park.edu/Current/.
Advising - Park University would like to assist you in achieving your educational goals. Please contact your Campus Center for advising or enrollment adjustment information.
Online Classroom Technical Support - For technical assistance with the Online classroom, email helpdesk@parkonline.org or call the helpdesk at 866-301-PARK (7275). To see the technical requirements for Online courses, please visit the http://parkonline.org website, and click on the "Technical Requirements" link, and click on "BROWSER Test" to see if your system is ready.
FAQ's for Online Students - You might find the answer to your questions here.


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. PREREQUISITE: EC 301. 3:0:3

Educational Philosophy:
My educational philosophy is one of interactiveness based on readings, dialogues, examinations, homework, internet and class participation.

Learning Outcomes:
  Core Learning Outcomes

  1. Discuss the money supply response to changes in key variables including the reserve ratio, the nonborrowed 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 regulation in the U.S. and abroad.
  6. Apply macroeconomic and monetary theory to a selected real world situation.


Core Assessment:

Class Assessment:
Homework, quizzes, discussion participation, mid-term and final exam.  NOTE: Final exam is closed book and closed notes.

Grading:

Assignment % of Grade Points
Homework assignments 22% 220
Discussion Posts 16% 160
Quizzes 12% 120
Mid Term Examination 20% 200
Eighth Week Examination 30% 300
Total 100% 1,000

The course grade for students will be based on the overall average of homework and tests taken during the course in accordance with the weighting of the various requirements as stated in the syllabus.

All final exams in all School of Business and Management courses will be comprehensive and will be closed book and closed notes. They will constitute 30% of the total course grade and will not be a take-home exam. They will be completed during the test week in the period designated by the registrar or by the Proctor in the case online courses. If calculators are allowed, they will not be multifunctional electronic devices that include features such as: phones, cameras, instant messaging, pagers, and so forth. Electronic Computers will not be allowed on final exams unless an exception is made by the Dean of the School of Business and Management.

Late Submission of Course Materials:
Late submission of coursework will result in a 50% decrease in your grade for that assignment.

Classroom Rules of Conduct:

Course-Specific Policies:

A class week is defined as the period of time between Monday and Sunday at 12 PM EST. The first week begins the first day of the semester. Assignments scheduled for completion during a class week should be completed and successfully submitted, by Sunday night unless otherwise noted.

Ground Rules for Online Participation

Policy #1: Communicate. If you are experiencing any confusion over course material, technical difficulties that are not being resolved and are preventing you from completing your assignments, or general questions about the course, let me know as soon as possible.  Note that if you wait until Sunday afternoon there is little chance of getting an answer before the assignment is due, so plan ahead.

Policy #2: Please post all questions of a general nature in the Office, Breakroom, or weekly discussion threads.  Posting them in the threaded discussion area will allow your fellow students to benefit from your questions.  And remember, there are no stupid/silly questions. We are all here to learn!

See Syllabus Part 2 for more course specific policies

Students are responsible for clicking on the link below and thoroughly reading each Online course policy.  If you have questions about any of these policies, please contact your instructor for clarification.

Online Course Policies

Course Topic/Dates/Assignments:
Welcome to Financial Institutions and Markets (FI363), on line! This course focuses on the actions and interactions of financial institutions, the government, and the community.

Each week we'll focus on two or three chapters in our text, Financial Markets and Institutions, by Mishkin.

 

During Week 1, This week we will focus on chapter 1 and 2.  It will be a roadmap of the course and overview of the financial system.
 
During Week 2, This week we will focus on chapters 3, 4 and 5.  We look at what are interest rates, why they change and how risk and term structure affect interest rates.

During Week 3, This week we will focus on chapter 7 and 8.  We will look at the federal reserve system and monetary policy. 

During Week 4, we'll have a Mid Term Exam and look at the markets by focusing on chapters 9, 10 and 11.

During Week 5, This week we will focus on chapters 12,13 and 14.  We will continue to examine the financial markets and consider international financial systems.

During Week 6, This week we will focus on chapters 15 and 16.  We will look at the financial institutions that comprise the financial system in the United States.

During Week 7, This week we will focus on chapters, 17, 18 and 20.  We will look at the financial institutions industry, especially the banking sector.

During the final week, This week we will do chapter 24, which focuses on risk management in financial institutions.  We will assess the course itself.  We will also have a significant exam. The policy at Park University is for each of you to take a significant, proctored exam during the Eighth week of the class. Unless you are more then two hours from the nearest Park site, you are expected to take the exam at one of the Park sites. (People overseas or other wise out of the area of a Park site will be handled on an individual basis. If you think this applies to you, contact me before you submit your proctor form with details of your situation.) The exam will be sent to your proctor; you will have to arrange a time to meet with the proctor and to take the exam, and then have the proctor send it to me. There is additional information below.

 

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 2008-2009 Undergraduate Catalog Page 87

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. Park University 2008-2009 Undergraduate Catalog Page 87

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 "F".
  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.
ONLINE NOTE: An attendance report of "P" (present) will be recorded for students who have logged in to the Online classroom at least once during each week of the term. Recording of attendance is not equivalent to participation. Participation grades will be assigned by each instructor according to the criteria in the Grading Policy section of the syllabus.

Park University 2008-2009 Undergraduate Catalog Page 89-90

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. 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 .

Copyright:

This material is protected by copyright and can not be reused without author permission.

Last Updated:7/30/2008 9:33:36 AM