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FI 363 Financial Institutions and Markets
Bowen, John E.


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

F2DD 2006 DC

Faculty

Bowen, John E.

Office Location

Online

Office Hours

As needed

Daytime Phone

614-457-8985

E-Mail

John.Bowen@park.edu

sharonjb@ix.netcom.com

Semester Dates

Oct. 23 -  Dec.17, 2006

Class Days

-M-----

Class Time

5:00 - 10:45 PM

Prerequisites

EC301

Credit Hours

3


Textbook:
Financial Markets and Institutions, Jeff Madura, 7th ed.ISBN 0321113624

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:
The Wall Street Journal is highly recommended but not required.

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/.


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:
The intent is for each student to be able to apply course content to the understanding of the financial environment as it has developed and to current trends as well as to understand the potential applications to each student.

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:
Midterm Exam

 

Midterm Exam 40%

(See below)

 

Final Exam                  40%

See below)

 

Research Project          15%

(To be assigned

in class)

 

Text questions             5%

(To be assigned

in class)

 

TOTAL                        100%

 

NOTE ON EXAMS: Exams are closed book and closed note. Students must demonstrate critical thinking The final exam is comprehensive.

Grading:
Midterm Exam

 

Midterm Exam 40%

(See below)

 

Final Exam                  40%

See below)

 

Research Project          15%

(To be assigned

in class)

 

Text questions             5%

(To be assigned

in class)

 

TOTAL                        100%

 

NOTE ON EXAMS: Exams are closed book and closed note. Students must demonstrate critical thinking The final exam is comprehensive.

Late Submission of Course Materials:
Not permitted unless prior approval is granted or unless there is a demonstrable emergency.

Classroom Rules of Conduct:
Respect and consideration for all present must be continually demonsrated.

Course Topic/Dates/Assignments:
SESSION/TOPICS                                         CHAPTERS

SESSION/TOPICS                                         CHAPTERS

1          Introduction and Overview                  1, 2 and 3      

2         Debt and Equities                                6, 7, 8, 9, 10, 11

3          Equities and Derivatives                      12, 13, 14, 15, 16

4         Midterm. Project progress reports.     Review and summarize

            (Closed note, closed book, critical     1, 2, 3, 6, 7, 8, 9, 10, 11,

            thinking)                                             12, 13, 14, 15, 16

5 & 6   Commercial banking and the Fed        4, 5, 17, 18, 19, 20

           (Possible field trip to a Federal Reserve

           Bank during this period)

7          Nonbank operations. Presentations   21, 22, 23, 24, 25

            Submission of homework.

8          Comprehensive closed book, closed   Review chs1 through 24

           note, critical thinking 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 2006-2007 Undergraduate Catalog Page 87-89

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 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

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:10/16/2006 11:38:50 AM