FI363 Financial Institutions & Markets

for S1J 2009

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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.


FI 363 Financial Institutions and Markets


S1J 2009 IN


Elgin, Robert W.


Adjunct Faculty


BS- Management - William Jewell College
MBA - University of Central Missouri

Office Location

Home - Independence

Office Hours


Daytime Phone


Other Phone

Phone/FAX 816-795-0251


Semester Dates

1/12/09 to 3/08/09

Class Days


Class Time

5:30 - 9:50 PM


EC 301

Credit Hours


"Money and Capital Markets", Rose/Marquis, McGraw-Hill-Irwin, 10th Edition, 2008, ISBN 07-340516-7

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:

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 or call 800-927-3024
Resources for Current Students - A great place to look for all kinds of information

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. 

Educational Philosophy:
The facilitator's philosophy is one of interactiveness based on lectures, readings, quizzes, dialogues, examinations, videos and term projects.  The facilitator will engage each learner in what is referred to as disputatious learning to encourage the lively exploration of ideas, issues and contradictions.  Hopefully the student will find an immediate application of the principles learned in the course.

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:
The primary method of instruction will be lecture, home study and classroom discussion.  To sucessfully complete this course, it is recommended that you attend all classes, participate in all examinations, keep up with the reading assignments, homework assignments and be prepared to participate in class discussion.


Grades for this course will be determined by the following:
   There will be three quizes each valued at 150 points and each representing 15.0% of the
total course points.  There will be a term project valued at 250 points representing 25% of
the total course points.  There will be a Comprehensive Final Examination valued at 300
points and representing 30.0% of the course total points.
   Total possible points 1000
All final examinations will be comprehensive and will be closed books and closed notes.    If calculators are allowed, they will not be multifunctional electronic devises 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 Associate Dean. 

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:
Make-up quizzes will not be permitted.  Make-up on the Final Examination will not be permitted unless there are unusual circumstances and arrangements were made prior to the examination date.  Make-up examinations are generally more difficult and may be in a different format than the original examination.  If the examination is identical to the original examination, the grade that you receive will be reduced by 20%  
The total grade for the term will be awarded based on the following scale where the percentage represents the amount earned of the total possible points.          
 90% to 100% =A          80% to 89%=B          70% to 79%=C          60% to 69%=D           Below 60%=F

Classroom Rules of Conduct:
We expect students to act like adults, respect the rights of others and generally act like they would in an office environment.

Course Topic/Dates/Assignments:

1/13/09-    Introduction and PART ONE - The Global Financial System
1/20/09 -  PART TWO - Interest Rates and the Prices of Financial Assets and Quiz #1 
1/27/09 -  PART THREE - The Money Market and Central Banking
2/3/09  - PART FOUR - Financial Institutions: Organization, Activities, and Regulation
                                         and Quiz 2
2/10/09 -    PART FIVE - Government and Businesses in the Financial Markets
2/17/09 -    PART SIX - Consumers in the Financial Markets and Quiz 3
2/24/09 -  PART SEVEN - The International Financial System and Review for Final
3/2/09 -  Comprehensive Final Examination


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
We have a "NO TOLERANCE POLICY" for academic dishonesty.

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.

Park University 2008-2009 Undergraduate Catalog Page 89-90
Since this is an eight week course, attendance is critical for sucessful completion of this course.  For each unexcused absence in excess of two your letter grade will be reduced one level.  An excused absence is one that is approved in advance.

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: .


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Last Updated:12/6/2008 9:49:59 PM