FI363 Financial Institutions & Markets

for S2AA 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


S2AA 2012 LC


Smith, Mark T.


Senior Professor


Ph.d Texas A&M University
MBA Mississippi State University
B.S. University of West Alabama

Daytime Phone


Other Phone



Semester Dates

March 19 to May 11, 2012

Class Days


Class Time




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

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.
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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 that learning occurs through active interaction, practical application and the transfer of learning to real life experience.

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:


Items / Assignment
Course Project Mid-Term Exam - 30% - 300 points
First Exam - 20% - 200 points
Second Exam - 20% - 200 points      
Final Exam 30% - 300 points


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:
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.

Course Topic/Dates/Assignments:

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
- Discussion
Week 2 - January 20, 2010
- Chapters 3, 4, and 5
Week 3 - January 27, 2010
- Chapters 7 and 8
Discussion, First Exam
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
- Second Exam 
Week 7 - February 24, 2010
- Chapters 17, 18, and 20
- Discussion
Week 8 - March 3, 2010
- Chapter 24
- Homework and Discussion
- Final Examination
-Project Presentation

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:2/10/2012 11:48:50 PM