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FI 363 Financial Institutions and Markets
Torres, David


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

S2B 2006 BL

Faculty

Torres, David

Title

Instructor of Economics

Degrees/Certificates

Bachelors in Economics
Bachelors in Finance - Concentration Banking
Masters of Science in Economics

Daytime Phone

915-594-5654

E-Mail

davis.torres@pirate.park.edu

dtorres@epwu.org

Semester Dates

5/27/06 - 7/15/06

Class Days

S

Class Time

8:00 a.m. - 1:00 p.m.

Prerequisites

EC 301

Credit Hours

3


Textbook:
Economics of Money, Banking, and Financial Markets
Frederic S. Mishkin, 7th 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:  <a href='index.aspx?Class=EC301'>EC301</a>.  3:0:3

Educational Philosophy:
The facilitator's educational philosophy is one of interactiveness based on lectures, readings, dialogues, examinations, and web sites. The facilitator will engage each learner in what is referred to as disputatious learning to encourage the lively exploration of ideas, issues and contradictions.

  Instructor 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.
Class Assessment:
Examinations

Grading:
Grades will be based on the following:
2 - Exams @ 100 points each

At the end of the course, your accumulated points will be converted to grades based on the following scale:
90% - 100% =  A
80% - 89% =  B
70% - 79% =  C
60% - 69% =  D
below 60% =  F

Late Submission of Course Materials:
Missed Examinations:  Make-up examinations will not be given unless prior arrangements have been made.

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 .

Additional Information:

COURSE TOPICS/DATES/ASSIGNMENTS:  (Subject to Change) 

Week

Topics

Chapters

Date

1

Introduction to Class

 

5/27

1

Why Study Money, Banking, and Financial Markets?

1

5/27

1

An Overview of the Financial System

2

5/27

2

What is Money?

3

6/3

2

Understanding Interest Rates

4

6/3

3

The Behavior of Interest Rates

5

6/10

3

The Risk and Term Structure of Interest Rates

6

6/10

3

Review for Exam # 1

 

6/10

4

Test #1(Chapters 1-6)

 

6/17

5

Banking Industry: Structure and Competition

10

6/24

5

The Structure of Central Banks and the Federal Reserve System

14

6/24

6

Multiple Deposit Creation and the Money Supply Process

15

7/1

6

Determinants of the Money Supply

16

7/1

7

Tools of Monetary Policy

17

7/8

7

Conduct of Monetary Policy: Money Goal and Targets

18

7/8

7

Review for Final Exam

 

7/8

8

Test # 2 (Chapters 10 and 14-18)

 

7/15

 

Copyright:

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

Last Updated:4/23/2006 10:13:54 PM