FI363 Financial Institutions & Markets

for U1A 2010

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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.


FI 363 Financial Institutions & Markets


U1A 2010 BE


Sibbald, Scott C.


Adjunct Faculty


MBA in Finance, McGill University
MBA in International Business, McGill University
BSc in Computer Science, University of South Florida

Office Location

Second Floor

Office Hours

Before and After Class


Semester Dates

Summer I - from 2010 Jun 07 to 2010 Aug 01

Class Days


Class Time

8:00 - 10:40 PM



Credit Hours


Madura, Jeff,
Financial Markets and Institutions, 9th Edition,
South-Western / Cengage Learning,
ISBN: 10 - 1-4390-3884-8 OR ISBN: 13 - 978-1-4390-3884-0

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:
The Wall Street Journal and NY Times will be used extensively. The daily paper edition of the WSJ is available on-campus.

Here is a link to register for the NYT Online (for free)

Here is a link to subscribe to the WSJ Online (not free);jsessionid=myG4WR69jIVi3qsvEDokEA**.jboss3

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.
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Resources for Current Students - A great place to look for all kinds of information

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.

Classroom time is to clarify and expand on the readings, not to serve as a substitute for them. Students are expected to have read (and understood) the relevant chapters and any other assigned readings before coming to class. Wherever a student is unclear, they are expected to prepare a list of questions for clarification. There will be time available at the beginning of each class to answer any and all questions or clarifications from the readings. Some material in the readings may never come up for discussion in the classroom, yet students may still be held accountable for it on tests.

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. Midterm Exam week #4
2. Research Paper due week #7 (Draft due week #5), Presentation week #8
3. Final Exam week #8
4. Participation, including Class Presentation of weekly article (schedule TBD)

90% - 100% = A
80% - 90% = B
70% - 80% = C
60% - 70% = D

 Midterm Exam
 300 Points
 Research Paper, including Draft and Presentation  300 Points
 Final Exam  300 Points
 Participation, including Presentation of weekly article  100 Points

Total Points: 1000

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 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.

Late Submission of Course Materials:
Late papers will be marked down.

Classroom Rules of Conduct:
1. Read the assigned chapters before arriving in class
2. Come to class on time.
3. Notify instructor in advance if you know you will miss class.
4. Midterm examinations are made up at instructor's discretion.
5. Persons will be allowed to make up the final examination only in extraordinary circumstances. Students will be required to submit a written excuse and obtain approval from the campus director before taking a make-up final examination.

Course Topic/Dates/Assignments:
Weeks / Chapters / Topics

 1  Part 1 - Overview of the Financial Environment
 Chapters 1,2,3
 2  Part 2 - The Fed and Monetary Policy
 Chapters 4,5
 3  Part 3 - Debt Security Markets
 Chapters 6,7,8,9
 4  Part 4 - Equity Markets
 Chapters 10,11,12
 Midterm Exam, Chapters 1-12
 5  Research Paper (Draft) Due, on Tuesday
 Part 5 - Derivatives Security Markets
 Chapters 13,14,15,16
 6  Part 6 - Commercial Banking
 Chapters 17,18,19,20
 7  Part 7 - Nonbank Operations
 Chapters 21,22,23,24,25
 Research Paper Due, on Thursday
 Review for Final Exam
 8  Comprehensive Final Exam, Chapters 1-25, on Tuesday
 Presentation of Research Paper to the Class, on Thursday

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 2009-2010 Undergraduate Catalog Page 92

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 2009-2010 Undergraduate Catalog Page 92

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 2009-2010 Undergraduate Catalog Page 95

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: .

Additional Information:


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Last Updated:6/18/2010 2:20:48 PM