FI363 Financial Institutions & Markets

for S1U 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


S1U 2012 LU


Parshley, Sherry


Adjunct Faculty


PhD. - Business Administration
M.S. Finance

Office Location

Luke AFB

Office Hours

by Appointment


Semester Dates

January 16,2012 – March 11, 2012

Class Days


Class Time

4:50 - 10:10 PM


EC 301

Credit Hours



Financial Markets and Institutions, 7/E

Frederic S. Mishkin
Stanley Eakins

ISBN-10: 013213683X
ISBN-13: 9780132136839

Publisher: Prentice Hall
Copyright: 2012
Format: Cloth; 704 pp
Published: 01/03/2012

Additional Resources:
 The Wall Street Journal (WSJ) and The Economist are excellent resources for this course.

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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:

I am a lifelong learner. It is my hope that all students leave my classes with a strong desire and the skills necessary to be lifelong learners.

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:

  • 1 Project Paper
  • Participation
  • Mid Term Examination
  • Final Examination
  • 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.


Participation 10% 

Project Paper 30%

Mid Term Exam 30%

Final Exam 30%


90% - 100% A

89% - 80% B

79% - 70% C

69% - 60% D

59% -50% 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 work will not be accepted without prior permission and an extenuating circumstance.  No extra credit will be assigned.

Classroom Rules of Conduct:

Students are expected to attend all class meetings, be punctual, and participate in class discussions. If a student is unable to complete the class attendance according to university policy, it is his/her responsibility to withdraw from the class. In cases of emergency or illness, students are to contact the instructor as soon as possible and arrange for another student to take notes, pick up any handouts, etc. Any unexcused absence or excessive tardiness will result in lowering your grade by one full letter grade. No participation points will be given for missed classes. Allowing students to make-up a missed exam is at the option of the instructor.  The number of points deducted is at the option of the instructor.  Keep in mind that technology problems are not an excuse for late assignments. If you have technology problems i.e. posting, etc please make other arrangements like emailing to a fellow student or instructor. Keep electronic copies of all materials. Park University's Policy Statements attached apply to this course. Cheating and plagiarizing will not be tolerated and will result in zero points for that assignment. In order for all students to have opportunities for active participation in class discussions and learning activities, classmates are encouraged to be respectful to their fellow students. Allow all students time to express their ideas and positively encourage comments from others. Students must be assured that any personal information shared with classmates will be considered confidential. All assignments and exams must be completed in order to pass the course.

Course Topic/Dates/Assignments:


Reading Assignment



Week 1

Chapters 1 & 2


Week 2

Chapters 3 & 6


Week 3

Chapters 7 & 8


Week 4

Chapters 9 & 10


Midterm Examination

Week 5

Chapters 11 & 12


Week 6

Chapters 13 & 14


Week 7

Chapters 15 & 16


Final Examination

Week 8



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: .

Additional Information:
Project Paper Requirements:

Each student will prepare a minimum 10 page paper (content, excluding title page, references) that applies concepts learned in the class to explain how the financial markets and institutions contributed to the Great Recession.  At least 5 references must be included.  These references should be from legitimate sources such as academic journals, the Wall Street Journal, the Economist, etc.  Wikipedia is not an acceptable resource.

Paper will be graded based on the following:

Writing/Grammar - 10%

Content - Application of at least five concepts to explain the causes of the Great Recession -15% each at 50% total

Format - 10%

References - 5%


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Last Updated:1/19/2012 9:37:54 PM