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FI 363 Financial Institutions and Markets
Sumrall, William H.


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.
CourseFI 363 Financial Institutions and Markets
SemesterF2Y2004
FacultySumrall, William H. III
TitleAdjunct Professor of Business and Economics
Degrees/CertificatesMS University of Southern Mississippi
MBA Delta State University
Ed. Sp. Mississippi State University
Office HoursMWF 10-10:50; T 2:15-3:30; TH 2:15-3:30; F 12:30-2:00
Daytime Phone662-562-3298
E-MailWilliam.Sumrall@park.edu
bsumrall@northwestms.edu
Class DaysOctober: 22, 29; November 5, 12, 19; December 3, 10, 17
Class Time4:30 - 9:30 PM
PerquisitesEC 301
Credit Hours3

Textbook:
Financial Markets and Institutions, 6th. edition, Madura, Jeff, Thomson/Southwestern Publishers, ISBN 0-324-16261-8

Textbooks can be purchased though the MBS bookstore

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

Learning Outcomes:
At the conclusion of this course it is expected that a student passing with a grade of D or higher will have demonstrated the learning outcome competencies of knowledge, comprehension, and application, by achieving at the sixty percent or higher level of proficiency, using verbal (discussion), essay, presentation and problem solving formats the following measurable learning objectives which include: (a) demonstrating the role of financial markets and institutions in the general economy, with special emphasis relating to determination of interest rates and the term structure of interest rates, (b) demonstrating the structure, role, functions and theoretical foundations of the Federal Reserve System in the application of monetary policy, (c) identifying, defining and explaining  the basic nature and characteristics of debt security markets and instruments with emphasis on the money market, bond market and mortgage market, (d)  identifying, defining, and  explaining basic concepts concerning the nature, characteristics and functioning of equity markets, (e)  identifying, defining, comparing and contrasting the basic concepts concerning the nature, characteristics and functioning of derivative security markets with special emphasis on financial futures, options and foreign exchange operations, (f) identifying, defining and explaining the unique role of commercial banks in the economy and their operations, regulation, management and performance, and (g) identifying, defining, and explaining the role and function of non-banking financial institutions to include thrifts, consumer finance operations, mutual fund operations and insurance operations.    
     

Course Assessment:
Presentation and Discussion (Participation) of properly constructed written reports on selected topics assigned by the instructor.  

Grading:
Grades will be based on the following:Presentations 50%; Participation 40%; Attendance 10%; 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 absent date. This paper is  due the week after the absent class 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: See instructor for excused make-up exam policy. See above statement.

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.


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, text chapter readings assigned and presentation topics assigned;WEEK TWO: topic one; WEEK TWO; topic two; WEEK THREE: topic three; WEEK FOUR: topic four; WEEK FIVE: topic five; WEEK SIX: topic six; WEEK SIX: topic six; WEEK SEVEN: topic seven; WEEK EIGHT: topic eight.    

 Class Activities
Week 1introduction, syllabus, text chapter readings assigned and presentation topics assigned
Week 2topin two
Week 3topic three
Week 4topic four
Week 5topic five
Week 6topic six
Week 7topic seven
Week 8topic eight

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 2004-2005 Undergraduate Catalog
Page 101

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 2004-2005 Undergraduate Catalog
Page 101

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 2004-2005 Undergraduate Catalog Page 100


Ten point final grade reduction for each unexcused absence

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

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