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FI 363 Financial Institutions and Markets
Knott, Patrick M.


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

S2T 2007 DLB

Faculty

Maddron, Craig E.

Title

Adjunct Faculty

Office Location

Virtual

Office Hours

Virtual

Daytime Phone

(757) 636-8757

E-Mail

Craig.Maddron@pirate.park.edu

Semester Dates

March 19 - May 13 2007

Class Days

TBA

Class Time

TBA

Credit Hours

3


Textbook:
Financial Markets and Institutions, 7th ed.,  and accompanying Study Guide by Madura. ISBN: 0-324-28845-X for text, 0-324-28845-8 for study guide.

Additional Resources:

The Wall Street Journal (WSJ).  We will use the WSJ as a reference in this course regularly. It is available at most libraries, in many offices, and other places.

Hard copy subscriptions that include the online subscription are available to you as a student at special discounted rates. It's available for subscription on-line.

Click here to subscribe online! Following this link will let the WSJ folks know you are enrolled as a student in this online course.

Delivery will start in a few days and they will bill you directly, usually within 3 or 4 weeks

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/.
Advising - Park University would like to assist you in achieving your educational goals. Please contact your Campus Center for advising or enrollment adjustment information.
Online Classroom Technical Support - For technical assistance with the Online classroom, email helpdesk@parkonline.org or call the helpdesk at 866-301-PARK (7275). To see the technical requirements for Online courses, please visit the http://parkonline.org website, and click on the "Technical Requirements" link, and click on "BROWSER Test" to see if your system is ready.
FAQ's for Online Students - You might find the answer to your questions here.


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

Welcome to Financial Institutions and Markets (FI363), on line! This course focuses on the actions and interactions of financial institutions, the government, and the community.

Each week we'll focus on three or four chapters in our text, Financial Institutions and Markets, by Madura.

During Week 1, our objective is to understand the many different types of financial markets and institutions and the roles they play through theory, activities, and current examples. We begin to focus on interest rates, how they are determined, and the relationship between rates, time, and securities prices.

During Week 2, we will look at the Federal Reserve system and monetary theory and policy. We will also begin looking at debt security markets with a look at Money Markets and we'll begin to look at Options.

During Week 3, we'll look at other debt security markets including bond markets and mortgage markets. We want to know what these are, how they operate, what purpose they serve, and some of the challenges faced in each of these markets. Perhaps most interesting this week will be the chapter on bond valuation!

During Week 4, we'll have a Mid Term Exam and look at stock markets. We'll try to determine how best to value stocks.

During Week 5, we begin to look at financial futures, options markets, interest rate swap markets and foreign exchange derivative markets.

During Week 6, we examine banks, their sources and uses of funds, and the regulations that govern their operations. We'll also look at how banks are managed and how their performance is measured.

During Week 7, we look at non-bank financial institutions such as savings institutions, credit unions, finance companies, mutual funds, securities firms, pension funds, and insurance companies.

During the final week, we will assess the course itself, the contribution of each team member to the team's efforts, and have an assignment to review what has happened during the 8 weeks we were in this class. We will also have a significant exam. The policy at Park University is for each of you to take a significant, proctored exam during the Eighth week of the class. Unless you are more then two hours from the nearest Park site, you are expected to take the exam at one of the Park sites. (People overseas or other wise out of the area of a Park site will be handled on an individual basis. If you think this applies to you, contact me before you submit your proctor form with details of your situation.) I will send the exam to your proctor; you will have to arrange a time to meet with the proctor and to take the exam, and then have the proctor send it to me. There is additional information below.

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

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:

Assignment % of Grade Points Due Date
Homework assignments/Group Projects 40% 400 Assignments are due on Sunday
Options Game 5% 50 Fifth class week
Class Participation 15% 150 Continually
Mid Term Examination 10% 100 Fourth class week
Eighth Week Examination 30% 300 Eighth class week
Total 100% 1,000

How are assignments scored?

How is my participation score figured?

How will the Midterm be scored?

How will my overall course grade be determined?

Grading:

Course Grading Scale

The final course grade will be determined using the following measurements:

  • Homework Assignments/Group projects
  • Mid Term Examination (Individual)
  • The Options game. Your ability to determine how much your investment in an option earned or lost. You'll win this game by getting the right answer, not by how much you made or lost. (Individual or team).
  • Comprehensive Eighth Week Exam (Individual Proctored)
  • Instructor evaluation/class participation which is made up of the following factors:
    1. Posting your introduction to the conference during the first week of the course.
    2. Posting comments about the videos or other related topics in the weekly discussion threads.
    3. Team work - which includes joining/forming a team during week 1 and submitting the week two assignment with your team.
    4. Attending class each week - meaning being active with your team. I ask each team leader to report if someone did not participate during a week because Park makes me report to it.
    5. Responding to my request for teammate evaluations during week 8.
    6. Other course related activities.

The following percentages will be used to assign course grades:

  • 90% - 100% = A (900-1000 points=A)
  • 80% - 89% = B (800-899 points=B)
  • 70% - 79% = C (700-799 points=C)
  • 60% - 69% = D (600-699 points=D)
  • Below 60% = F (below 600 points=F)

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.

The Proctored final exam for online courses must be passed with a grade of 60% or higher in order to pass the course regardless of the overall average.  The grade for students who pass the proctored final will be based on the overall average of homework and tests taken during the course.  The proctored final exam must address only material which the student has been taught in class.

Classroom Rules of Conduct:

Professors are required to keep attendance records and report absences throughout the term. Excused absences can be granted by the instructor for medical reasons, school sponsored activities, and employment-related demands including temporary duty. The student is responsible for completing all missed work.  Any student failing to attend class for two consecutive weeks, without an approved excuse from their instructor, will be administratively withdrawn and notified via email that you have been withdrawn and a grade of "WH" will be recorded.

An attendance report of "P" (present) will be recorded for students who have logged in to the Online classroom at least once during each week of the term.  PLEASE NOTE:  Recording of attendance is not equivalent to participation.  Participation grades will be assigned by each individual instructor according to the criteria in the Grading Policy section of the syllabus.

For more details on Park University on page 100 of the Park University Undergraduate Catalog or page 14 of the Park University Graduate Catalog.

Course Topic/Dates/Assignments:
Course-Specific Policies: A class week is defined as the period of time between Monday and Sunday at 12 PM EST. The first week begins the first day of the semester. Assignments scheduled for completion during a class week should be completed and successfully submitted, by Sunday night.  

 

Ground Rules for Online Participation  

 

Policy #1: Communicate. If you are experiencing any confusion over course material, technical difficulties that are not being resolved and are preventing you from completing your assignments, or general questions about the course, let me know as soon as possible. Note that if you wait until Sunday afternoon there is little chance of getting an answer before the assignment is due, so plan ahead.  

 

Policy #2: Please post all questions of a general nature in the Office, Breakroom, or weekly discussion threads. Posting them in the threaded discussion area will allow your fellow students to benefit from your questions. And remember, there are no stupid/silly questions. We are all here to learn!  

 

Policy #3: The Options Game During the second week each student (or team of students) will select an option to invest in. The object of this game is to be able to determine how much money was earned or lost if the investment had been a real one. There will be a thread in the conference with more information when the time is right. We'll see if you can explain the outcome of your investment during week 5 when we study options.  

 

See Syllabus Part 2 for more course specific policies  

 

Students are responsible for clicking on the link below and thoroughly reading each Online course policy. If you have questions about any of these policies, please contact your instructor for clarification. Online Course Policies  

 

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.
ONLINE NOTE: An attendance report of "P" (present) will be recorded for students who have logged in to the Online classroom at least once during each week of the term. Recording of attendance is not equivalent to participation. Participation grades will be assigned by each instructor according to the criteria in the Grading Policy section of the syllabus.

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:3/8/2007 12:14:55 PM