FI363 Financial Institutions & Markets

for S2J 2012

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Mission Statement: Park University provides access to a quality higher education experience that prepares a diverse community of learners to think critically, communicate effectively, demonstrate a global perspective and engage in lifelong learning and service to others.

Vision Statement: Park University, a pioneering institution of higher learning since 1875, will provide leadership in quality, innovative education for a diversity of learners who will excel in their professional and personal service to the global community.


FI 363 Financial Institutions & Markets


S2J 2012 DN


Swanson, Walter Craig


Adjunct Faculty


BSBA in Business Administration/ Finance
MBA - Finance

Other Phone



Class Days


Class Time

5:30 - 10:00 PM

Credit Hours



Mishkin, Frederic S.
7TH 12

You will also need a subscription to the Wall Street Journal.  I will provide you with the forms to fill out so you can receive thow lowest possible rate on the first night of Class.

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:


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 or call 800-927-3024
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

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:


FI363 outline

                                                                                    Quiz (I drop the lowest Grade)

Week 1 Overview of Class

Week 2 Discussion of Chapters 3-5                           Yes (Chp. 3-5)

Week 3 Discussion of Chapters 7-8                           Yes (Chp. 7-8)

Week 4 Discussion of Chapters 17-20                        Yes (Chp. 17-20)

Week 5 Discussion of Chapters 9,10, and 12            Yes (Chp. 9, 10 and 12)

Week 6 Discussion of Chapters 11, 21, and 23         Yes (Chp. 11, 21 and 23)

Week 7 Discussion of Chapters 24-25                       Yes (Chp. 24-25)

Week 8 How it all fits together and Turn in Final Papers                            


Final Paper – Due Week 8

5 Pages (not including title page, charts, graphs, and Biblography), double spaced, 10 point font, Times New Roman font

The Federal Reserve and Commercial Banking System

-          History

-          Purpose

-          How does it work?

-          Who is involved?

-          Why was it set up?

-          What is Happening today?

-          How does it affect you?

Group Presentation

20 minutes – each group member must participate in presentation itself

The total grade of presentation will consist of two parts

     50% of the grade will come from me the instructor

     50% of the grade will come from the group members grading each other

-          The group members will not know what each of the other group members will know what eachother gives to each member.


Each of the following topics can be presented only once:

1)      New York Stock Exchange

2)      NASDAQ

3)      Tokyo Stock Exchange–Japan’s stock exchange

4)      London Stock Exchange – Great Britain’s stock exchange

5)      New York Mercantile Exchange

6)      Chicago Board of Trade


Quizzes 5 points each (30% of Total Grade) - quizzes on weeks 3,4 5,6,7 and 8
Class participation (10% of Total Grade) - This means participating in disucssions (not attendence)
Group Presentation (30% of Total Grade) -
Final Paper (30% of Total Grade) - 10 pages (not including Title page and bibliography), 12pt font (Times New Roman font).  Paper will be dicussed on first night of class and is due by week 8 of class.

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 work is not accepted.  If a quiz is missed it will be a zero unless reasonable circumstances are reason for missing classes.  (reasonable circumstances will be determined by the instructor)

Classroom Rules of Conduct:
Please turn all cell phones and pagers to silent/vibrate.

Course Topic/Dates/Assignments:

Week 1 - Class overview and expectations
Week 2 - Interest Rate Chapters 3-5
Week 3 - Central Bank (The Fed)  Chapters 7-8
Week 4 - Banking and Savings Institutions Chapters 17-20
Week 5 - Money Markets, Bonds, Mortgages Chapters 9,10,12
Week 6 - Stocks and Mutual Funds Chapters 11,21,23
Week 7 - Financial Derivatives Chapters 24-25
Week 8 - Overview and Discussion of how it all fits together

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 students and faculty members are encouraged to take advantage of the University resources available for learning about academic honesty ( or Park University 2011-2012 Undergraduate Catalog Page 93

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. from Park University 2011-2012 Undergraduate Catalog Page 93

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 2011-2012 Undergraduate Catalog Page 96

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:2/23/2012 10:51:47 AM