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FI 363 Financial Institutions and Markets
Spiers, Scott A.


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

S2EE 2006 MO

Faculty

Spiers, Scott A.

Title

Adjunct Faculty

Degrees/Certificates

BS in Legal Studies from US Air Force Academy
BS in Finance from University of Texas at San Antonio

Office Location

Moody AFB GA

Office Hours

0730 - 1700

Daytime Phone

229-257-3928

Other Phone

229-444-4862

E-Mail

scott.spiers@park.edu

scott.spiers@moody.af.mil

Semester Dates

13 Mar 2006 - 7 May 2006

Class Days

--T-R--

Class Time

7:50 - 10:35 PM

Credit Hours

3


Textbook:
Madure, Jeff, Financial Markets and Institutions, South Western College Publishing 2001, Seventh edition


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

  Instructor Learning Outcomes

  1. 1.  Identify the types of financial institutions that facilitate transactions in financial markets.  Identify the most relevant factors that affect interest rate movements.
  2. 2.  Identify the key components of the Federal Reserve that dictate monetary policy.   Describe how characteristics of debt securitites cause their yields to vary.
  3. 3.  Explain the tradeoffs involved in monetary policy.  Explain how money markets are used by institutional investors.
  4. 4.  Explain how bond markets are used by institutional investors.  Explain how the sensitivity of bond prices to interest rates is dependent on particular bond characteristics.
  5. 5.  Describe the characteristics of residential mortgages.  Describe investor participation in the stock market.
  6. 6.  Explain how analysts affect stock prices.  Explain how stock transactions are executed.
  7. 7.  Explain how interest rate futures contracts are used to speculate or hedge, based on anticipated interest rate movements.  Explain how stock options are used to speculate.
  8. 8.  Explain the most common sources and uses of funds for commercial banks.
  9. 9.  Describe the key regulations imposed on commercial banks.
  10. 10.  Explain how banks manage liquidity, interest rate risk, credit risk and capital.  Compare the performance of banks in different size classifications over recent years.
  11. 11.  Identify the key sources and uses of funds for savings institutions.
  12. 12.  Identify the main sources and uses of finance company funds.  Describe the various types of stock and bond mutual funds.
  13. 13.  Describe the key functions of investment banking.
  14. 14.  Describe the main uses of insurance company funds.
Class Assessment:
The student will be required to take a midterm and final exam.  A term project will also be required, subject and specifics will be discussed during the first class meeting.

Grading:
The final course grade will be determined using the following plan:

Midterm Exam = 35%
Final Exam = 35%
Term Project = 20%
Class Participation / Attendance = 10%
The following will be used to assign course letter grades:

90 - 100 = A
80 - 89  = B
70 - 79  = C
60 - 69  = D
Below 60 = F (or 3 or more unexcused absences)

Late Submission of Course Materials:
Students missing class for any reason are required to read the assignments for that class period.  Students missing a class when an exam was given must make arrangements with the instructor to reschedule the exam.

Course Topic/Dates/Assignments:
Period     Date     Assignment (read)
1          14 Mar    Chap 1, 2
2          16 Mar    Chap 3, 4
3          21 Mar    Chap 5, 6
4          23 Mar    Chap 7, 8
5          28 Mar    Chap 9, 10
6          30 Mar    Chap 11,12
7            4 Apr    Chap 13,14
8            6 Apr    Mid Term  
9          11 Apr    Chap 17
10        13 Apr    Chap 18
11        18 Apr    Chap 19,20
12        20 Apr    Chap 22
13        25 Apr    Chap 23
14        27 Apr    Chap 25
15          2 May   Project Due/Review
16          4 May   Final Exam

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 2005-2006 Undergraduate Catalog Page 85-87

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 2005-2006 Undergraduate Catalog Page 85-87

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 "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 2005-2006 Undergraduate Catalog Page 89

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 .

Copyright:

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