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FI 363 Financial Institutions & Markets
Snyman, Johannes 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

F2T 2009 DLB

Faculty

Snyman, Johannes H.

Title

Professor of Business/Adjunct Faculty

Degrees/Certificates

Ph.D. Business Administration

Office Hours

Anytime

Daytime Phone

303-862-8537

E-Mail

johannes.snyman@park.edu

Semester Dates

October 19 - December 13, 2009

Class Days

TBA

Class Time

TBA

Prerequisites

EC 301

Credit Hours

3


Textbook:

Financial Markets and Institutions, 6th ed.,by Frederick S. Mishkin & Stanley G. Eakins.
ISBN-10: 0321374215
ISBN-13: 9780321374219 

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

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 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

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: EC301 3:0:3

Educational Philosophy:
My educational philosophy is one of interactiveness based on lectures, readings, quizzes, dialogues, examinations, internet, videos, web sites and writings. I believe in fast feedback.  Please use the discussion section for course-related questions and my email address for personal-related questions.

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:

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

  • Homework Assignments
  • Mid Term Examination
  • Comprehensive Final Examination
  • Quizzes 
  • Instructor evaluation/class participation which is made up of the following factors:
    • Weekly class activities
    • Discussion Threads
  • Other course related activities

All Park University courses must include a core assessment that measures the course's Core Learning Outcomes. The purpose of this assessment is to determine if expectations have been met concerning mastery of learning outcomes across all instructional modalities. 

For this course, the core assessment is a Comprehensive Final Examination to be administered in all sections of FI 363. This exam is worth 30 percent of the student's final grade and will test students' mastery of the Core Learning Outcomes (as listed on this syllabus) through definitions, essay, and/or multiple choice questions. 

This core assessment is a CLOSED BOOK, CLOSED NOTES comprehensive examination that must be administered and proctored in the classroom and may not be taken as a take-home examination. The duration of the exam can be no longer than two hours. 

No computers, or materials other than a writing instrument and a calculator without text functions and communication may be used for the exam; this applies to all students, regardless of whether the exam is for on-line or face-to-face students. Completion of the exam is strictly individual; students may not work in groups to complete the exam.

Grading:

Grading:

Item / Assignment

Points

Homework Assignments (22%)

220

Midterm Exam (20%)

200

Discussions (16%)

160

Comprehensive Final Exam (30%)

300

Quizzes (12%)

120

Total Points Possible

1000

Letter Grades

Points

Grade

1000 - 900

A

900 - 800

B

800 - 700

C

700 - 600

D

Less than 600

F


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 submission of coursework will result in a 50% drop in grade.

Classroom Rules of Conduct:

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.

Course Topic/Dates/Assignments:

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 two or three chapters in our text, Financial Markets and Institutions, by Mishkin.

 

During Week 1, This week we will focus on chapter 1 and 2.  It will be a roadmap of the course and overview of the financial system.
 
During Week 2, This week we will focus on chapters 3, 4 and 5.  We look at what are interest rates, why they change and how risk and term structure affect interest rates.

During Week 3, This week we will focus on chapter 7 and 8.  We will look at the federal reserve system and monetary policy. 

During Week 4, we'll have a Mid Term Exam and look at the markets by focusing on chapters 9, 10 and 11.

During Week 5, This week we will focus on chapters 12,13 and 14.  We will continue to examine the financial markets and consider international financial systems.

During Week 6, This week we will focus on chapters 15 and 16.  We will look at the financial institutions that comprise the financial system in the United States.

During Week 7, This week we will focus on chapters, 17, 18 and 20.  We will look at the financial institutions industry, especially the banking sector.

During the final week, This week we will do chapter 24, which focuses on risk management in financial institutions.  We will assess the course itself.  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.) The exam will be sent 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 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 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.
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 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: http://www.park.edu/disability .

Copyright:

This material is protected by copyright and can not be reused without author permission.

Last Updated:9/28/2009 9:04:31 PM