FI363 Financial Institutions & Markets

for S1Y 2007

Printer Friendly

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


S1Y 2007 MN


William H. Sumrall III


Senior Professor of Business and Economics/Adjunct Faculty


Ed.D. Arkansas State University
Ed.Sp. Mississippi State University
MS University of Southern Mississippi; MBA Delta State University; BA La. Tech University

Office Location

Park University Office NSA Mid-South

Office Hours

Before and After Class

Daytime Phone

662-292-2912 (Cell)


Semester Dates

S1Y 2007 Monday, January 8, 2007 to Sunday, March 4, 2007

Class Days

-----F-January 12, 19, 26; February 2, 9, 16, 23; March 2

Class Time

4:30 - 9:30 PM


EC 301

Credit Hours


Financial Markets and Institutions, 7th. edition, Madura, Jeff, Thomson/Southwestern Publishers, ISBN 0-324-31946-0

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.  Pre-requisite:  EC301.  3:0:3

Educational Philosophy:
Cooperative/Group learning supported by instructor explanation

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:

Core assessment final exam, learning outcome topic presentation, seven article summaries, one article presentation, attendance and, participation
The core asssessment exam will be given as the final exam, in class, during the last class meeting. The exam will be designed to include the core learning outcomes converted into an essay question format. During the exam all materials will be closed.   


Core assessment final exam 30%, learning outcome topic presentation 30%, article summaries 20%, class presentation of one article 10%, attendance 5%, participation 5%; There will be a ten point final grade reduction for each unexcused absence. Excused and unexcused absences require a minimum three page typed (12 point font, one inch margins) summary paper over relevant class topics discussed on the date of absence. This paper is due no later than the next class after the missed meeting. Email responses will be accepted. A ten point final grade reduction will apply for incompletion. All other late work will receive a grade of zero. At the end of the course, your accumulated points will be converted to a weighted average grade based on the following scale: 90% - 100% =  A 80% - 89% =  B 70% - 79% =  C 60% - 69% =  D below 60% =  F Missed Examinations: Not allowed An Incomplete grade will be assigned only due to unusual or emergency circumstances beyond student control as determined by the instructor. Incomplete grades must be completed by the end of the following semester.

All final exams will be comprehensive and will be closed book and closed notes.  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 Associate Dean.

Late Submission of Course Materials:
Late assignments will receive a grade of zero.

Classroom Rules of Conduct:
See Park policy.

Course Topic/Dates/Assignments:
WEEK ONE: introduction, syllabus, teams assigned, learning outcome topics assigned, and dates for team presentation of learning outcome topics assigned;WEEK TWO: article presentations and instructor lecture; WEEK THREE: learning outcomes one and two presented, question and answer session, and instructor lecture; WEEK FOUR: learning outcomes three and four presented, question and answer session, and instructor lecture; WEEK FIVE: learning outcomes five and six presented, question and answer session, and instructor lecture; WEEK SIX: class discussion involving the assimilation of learning outcomes into a final class core assessment instrument and instructor lecture; WEEK SEVEN: team/class presentation and discussion of responses to assigned core assessment instrument questions and instructor lecture; WEEK EIGHT: final core assessment exam and submission of seven article summaries related to the seven parts of the text 

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 2006-2007 Undergraduate Catalog Page 87-89

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 2006-2007 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 "W".
  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 2006-2007 Undergraduate Catalog Page 89-90
Ten point final grade reduction for each unexcused absence

Maximum two absences with no more than one unexcused for course credit

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: .
Please inform the instructor on date of the first class meeting of accomodations needed. The instructor will assist.


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

Last Updated:12/24/2006 9:03:38 PM