FI 363 Financial Institutions and Markets
S2T 2007 DLC
Assistant Professor of Finance/Adjunct Faculty
MBA (Finance)MAEd (Teaching and Instruction)B.S. Professional Aeronautics (Management)
Textbook: Financial Markets and Institutions, 7th ed.,by Madura. ISBN: 0-324-28845-X for text.
Textbooks can be purchased through the MBS bookstore
Textbooks can be purchased through the Parkville Bookstore
Additional Resources: 1. 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 also available for subscription on-line. Click here https://users2.wsj.com/WebIntegration/WebIntegrationServlet?call=R_ST_EDU&KEY_EXT_CODE=77ABBD to subscribe online! Following this link will let the WSJ folks know you are enrolled as a student in this online course. Use 641 for the school zip code and my name as the instructor. Delivery will start in a few days and they will bill you directly, usually within 3 or 4 weeks. 2. For those of you (like I) that need a little more educational stimulation than text, follow the two links for a web based instruction site and a free video that further explain the Federal Reserve System. * I received the video in less than a week! - Free Video Order link http://www.phil.frb.org/education/fedtoday.html
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Educational Philosophy: Research of current financial issues is vital to the success of this course. Up-to-date application of the course material is achieved via class interaction, projects, and evaluation.
Learning Outcomes: Core Learning Outcomes
Class Assessment: Weekly projects, discussions, text assignments, midterm and final exams.
Grading: The final course grade will be determined using the following measurements: -Seven Weekly Homework Assignments and Defined Workgroup Projects (350 points) -Mid Term Examination (100 points) -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. (50 points) -Comprehensive Closed book/notes Eighth Week Exam - must pass to complete course (Individual Proctored) (300 points) - Instructor evaluation/class participation which is made up of the following factors: Posting your introduction to the conference during the first week of the course. Participating with assigned team during weekly assignments. Attending class each week - being active within the discussion threads. Remember 1st posting is due by Thursday and 2nd by the end of the week (70 total points) Team evaluations (130 points). Other course related activities.
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: This course is team based!!!! - Select 4 or 5 members to be on your team. - One member will provide me the members and team name by the end of Week One. The sooner the better, because you have an assignment due the end of the first week and it's best to submit the first week homework as a team. - Each week the team will designate one individual as the team leader. The team leader will submit the weekly homework and group work assignments. Ensure that you use the dropbox. - Each member's participation will be evaluated by their team members during the final week.
Course Topic/Dates/Assignments: 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. Assignments: discussion and text work. 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. Assignments: discussion, text work, internet exercise, and option pick. 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! Assignments: discussion, text work, and internet exercise. During Week 4, we'll have an open book, Mid Term Exam and look at stock markets. We'll try to determine how best to value stocks. Assignments: discussion, text work, and internet exercise. During Week 5, we begin to look at financial futures, options markets, interest rate swap markets and foreign exchange derivative markets. Assignments: discussion, text work, and internet exercise. 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. Assignments: discussion, text work, and internet exercise. 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. Assignments: discussion, text work, and internet exercise. 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.
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.
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 .
Core Learning Objectives
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
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 or Break Room during the first week. I will setup a weekly thread for you in "Ask the Teacher" for weekly questions. Post two entries to the weekly discussion threads. The first posting will be made no later than Thursday and the second response will be to a fellow student(s) posting by the end of the week. And remember, there are no stupid/silly questions. We are all here to learn! Policy #3: The Options Game During the second week each team 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. Follow your option during the course and we will discuss the progress from time to time. Eventually we'll see if you can explain the outcome of your investment during week 5 when we study options.
Policy #4: E-Mail Procedures and Submitting Assignments
Policy #5: Workload/Due Dates. Each week's work must be completed by Midnight EST on Sunday.
Policy #6: Mid Term Examination A Mid Term Examination will be administered during the fourth week of the class. It will be made available on the 4th Week page. Returned the responses to the instructor via the dropbox.
Policy #7 Proctors: If you will need to use a non-Park proctor, you must notify me before you submit the proctor form of the reason for using the non-Park proctor. I realize that some of you are out of the country on military duty and other such things and I am willing to approve your proctors if they meet Parks rules for being a proctor. I use your email as my justification for approving such proctors so that if there is ever a question about it, I will have documentation.
Last Updated:3/14/2007 4:50:25 PM