FI363 Financial Institutions & Markets

for S1Y 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


S1Y 2010 MN


Daniels, Daryl E.


Adjunct Faculty


MBA - Business Administration
BS - Management & Data Processing

Office Location

NSA Millington, TN

Office Hours

By Appointment

Daytime Phone



Semester Dates

January 11, 2010 to March 7, 2010

Class Days


Class Time

5:00 - 9:30 PM


EC 301

Credit Hours



Financial Markets and Institutions
Author:      Mishkin, Frederic S.
Edition:      6TH 09
ISBN-10:   0-321-37421-5
ISBN-13:   978-0-321-37421-9
Publisher:   Addison-Wesley Longman, Inc.

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:
The student is encourage to read financial journals and magazines such as The Wall Street Journal, Barons, Investor's Weekly and others as supplemental readings.

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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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:

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
For this course, the core assessment is a Comprehensive Final Examination.  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 in the classroom and may not be given as a take-home examination.  Students should not have access to the exam or its questions before it is administered.  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. 


Items / Assignment
Weekly Homework Assignments - 22% - 220 points
Mid-Term Exam - 20% - 200 points
Discussions - 16% - 160 points
Comprehensive Examination - 30% - 300 points
Quizzes - 12% - 120 points
Total Points - 1000
Letter Grades
90% to 100%    A
80% to 89%      B
70% to 79%      C
60% to 69%      D
Below 60%        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:
Weekly work must be submitted not later than Sunday midnight of each week.
Late work will not receive full grade credit. 
Work not turned by the due date, but which is turned in no more than 7 days lated, will receive 1/2 the score it would have received otherwise.  Homework not received within 7 days of the due date will not be scored.  No work received after the last Saturday of the term will be scored.

Classroom Rules of Conduct:

Any classroom conduct that disrupts the learning environment in the opinion of the instructor, will not be tolerated.
Also remember that computers make writing and revising much easier and more productive.  Students must recognize that through technology, it can also cause problems.  Students must be responsible for planning ahead and meeting deadlines in spite of technology.  Be sure to save copies of your work to disk, hard drive, and print out paper copies for backup purposes.

Course Topic/Dates/Assignments:

Week 1 - January 13, 2010
- Chapters 1 and 2
- Homework, Quiz, Discussion
Week 2 - January 20, 2010
- Chapters 3, 4, and 5
- Homework, Quiz, Discussion
Week 3 - January 27, 2010
- Chapters 7 and 8
- Homework, Quiz, Discussion
Week 4 - February 3, 2010
- Chapter 9, 10, and 11
- Homework, Quiz, Discussion
Week 5 - February 10, 2010
- Chapters 12, 13, and 14
- Homework, Quiz, Discussion
-  Midterm Examination
Week 6 - February 17, 2010
- Chapter 15 and 16
- Homework, Quiz, Discussion
Week 7 - February 24, 2010
- Chapters 17, 18, and 20
- Homework, Quiz, Discussion
Week 8 - March 3, 2010
- Chapter 24
- Homework and Discussion
- Final Examination

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 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: .


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Last Updated:11/28/2009 3:15:00 PM