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FI 363 Financial Institutions & 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.

Course

FI 363 Financial Institutions & Markets

Semester

U1Y 2009 MN

Faculty

Sumrall, William H.

Title

Senior Adjunct Professor of Economics and Business

Degrees/Certificates

Ed.D. Ed.S. M.B.A. M.S. B.A.
Post Graduate Fellow
Phi Kappa Phi; Omicron Delta Epsilon; Licensed Real Estate Broker

Daytime Phone

662-292-2912 (cell)

E-Mail

william.sumrall@park.edu

Semester Dates

Monday, June 1, 2009 to Sunday, July 26, 2009

Class Days

-----F- June 5, 12, 19, 26; July 3, 10, 17, 24

Class Time

5:00 - 9:30 PM

Prerequisites

EC 301 Intermediate Macroeconomics

Credit Hours

3


Textbook:

Financial Markets and Institutions, Mishkin, Frederic S. 6th edition, 2009, Addison-
Wesley Longman, Inc. ISBN-10: 0-321-37421-5; ISBN-13:978-0-321-37421-9   

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:

1) Out of class and in class computer usage for presentation topic research; We will be using the laptop computer lab in class.
2) Classroom overhead projectors for team in class topic presentation
 
3) Reference materials related to research topic. 

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:
FI363 Financial Institutions and Markets: 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: EC301 3:0:3

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:

(1) Core Assessment Final Essay Exam 
 
(2) Team Research Topic Presentation with Written Summary Statement, Reference List, and Power Point Slides distributed to instructor and all class members (APA Style required)
 
(3) Participation as individual class member and as team member
 
(4) Attendance 

Grading:

Total Points = 400; A= 360 points or 90%; B = 320 points or 80%; C = 280 points or 70%; D = 240 points or 60%; F = below 240 points or 60% 
 
(1) Core Assessment Final Essay Exam (140 points of 400 total points = 35%)
 
(2) Team Research Topic Presentation with Written Summary Statement, Reference List, and Power Point Slides distributed to instructor and all class members (APA Style required) (140 points of 400 total points = 35%)
 
(3) Participation as individual class member and as team member (80 points of 400 total points = 20%) Includes submission of online student survey completion sheet with final exam 
 
(4) Attendance (40 points of 400 total points = 10%) 

The course grade for students will be based on the overall average of homework and tests taken during the course in accordance with the weighting of the various requirements as stated in the syllabus.

All final exams in all School of Business and Management courses will be comprehensive and will be closed book and closed notes. They will constitute 30% of the total course grade and will not be a take-home exam. They will be completed during the test week in the period designated by the registrar or by the Proctor in the case online courses. 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 Dean of the School of Business and Management.

Late Submission of Course Materials:
Students are expected to join groups and align presentation dates with class periods when all team members will be present. Once the presentation dates are established the dates of the presentation sequesnce can not be altered.
 
Therefore, students not present for the team presentation or any other date of work submission will receive a substantial grade reduction to be determined at the discretion of the instructor.
 
 

Classroom Rules of Conduct:
According to Park University policy

Course Topic/Dates/Assignments:

WEEK ONE:  introductions, syllabus, text chapter readings assigned, team formation, presentation topics assigned, and film
WEEK TWO: instructor lectutures on selected subjects in parts one, two, and three of text, film, and computer lab classroom research on presentation topics 
 
WEEK THREE: instructor lectutures on selected subjects in parts four, five and six of text, film, and computer lab classroom research on presentation topics
 
WEEK FOUR: instructor lectutures on selected subjects in part seven of text, film, and computer lab classroom research on presentation topics
 
WEEK FIVE:  TEAMS 1 and 2 presentations with submission of related work and class discussion 
 
WEEK SIX: TEAMS 3 and 4 presentations with submission of related work and class discussion
 
WEEK SEVEN: TEAMS 5 and 6 presentations with submission of related work, review for comprehensive essay final 
 
WEK EIGHT: comprehensive final essay exam, online student course survey completion form submitted
 
 
 

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 2008-2009 Undergraduate Catalog Page 87

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 2008-2009 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 "F".
  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 2008-2009 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:5/7/2009 3:09:02 PM