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FI 363 Financial Institutions & Markets
Sullins, David F.


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.

Course

FI 363 Financial Institutions & Markets (Prerequisite, EC 301)

Semester

F2V 2012 GO

Faculty

Sullins, David F.

Title

Adjunct Faculty

Degrees/Certificates

AAS: Allied Health Science; AAS: Human Resources/Business Administration
BS: Human Service Management
MBA: Finance

Office Location

Goodfellow AFB Campus

Office Hours

TBD

Daytime Phone

325-654-5168

Other Phone

CELL: 325-245-8073

E-Mail

581099@park.edu

davesullins@yahoo.com

Semester Dates

October 22, 2012 to December 16, 2012

Class Days

--T-R--

Class Time

5:00 - 7:30 PM

Prerequisites

EC 301

Credit Hours

3


Textbook:

The Textbook for FI 363 is:

Financial Markets and Institutions, 7/E

 

Frederic S. Mishkin, Columbia University
Stanley G. Eakins, East Carolina University

ISBN-10: 013213683X
ISBN-13: 978013213683 

 

Publisher: Addison Wesley Higher Education

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:

The Wall Street Journal (WSJ):  The WSJ is an excellent reference for this course. (It never fails to amaze me how many companies do the wrong thing in managing people!) It is available at most libraries, in many offices, and other places. While not required for this course, it will enhance your understanding immeasurably. Hard copy subscriptions that include the online subscription are available to you as a student at special discounted rates. You can subscribe on-line.

Click here to subscribe online! Follow this link and fill in the requested information.

You will get instant access to the online version with hard copy delivered at your home or office in a few days. Park's zip code is 64152. The name of the course developer, Joseph Kubec, is on the drop down list and you can select it or the name of the instructor of your section of the course if they are listed. This will let the WSJ folks know you are enrolled as a student in this online course and you will get the discounted price. Delivery will start in a few days and they will bill you directly, usually within 3 or 4 weeks.

Alternatively, you can send your instructor an e-mail that includes: First and last name, address (street, city, state, zip), length of subscription you want, and the month and year you expect to graduate. They can transfer your information to a WSJ form and send it to them. They will start delivery, usually in less than two weeks, and will bill you directly, usually within 3 or 4 weeks.

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/.

http://finance.yahoo.com
http://money.cnn.com
http://bloomberg.com
http://fool.com
http://bigcharts.marketwatch.com
http://marketwatch.com

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 degree of concentration, material covered, and specific methodology utilized in each area will be determined by the amount of classroom time available. Methods used to achieve the learning objectives will include lecture, analysis, reports, self-study, and most importantly class discussion and student participation. All methods of teaching are designed to transfer new material by clarifying and emphasizing subject areas presented from the text. The lecture relies upon students having read the assigned materials prior to classroom participation and completing any assignments relating to the learning objectives in advance. Exams and quizzes will measure each chapter's learning objectives with the student's grasp of the material as presented during lecture; class participative discussion questions will also measure participation and understanding of the learning objective concepts and current business events. 

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.


  Instructor Learning Outcomes
  1. Describe the major financial markets and institutions
  2. Demonstrate an understanding of the principles that form the foundation of financial management and markets within institutions
  3. Evaluate the roles of commercial and central banking
  4. Evaluate the role of international finance on national and local stock prices, institutions, and markets
  5. Communicate current trends and future directions of Financial institutions and markets
  6. Describe today's dominate institutions and markets, and provide theories to support your hypothesis
  7. Regularly review online or print articles relating to Financial Institutions and Markets and discuss successes and failures of your selection to address current the economic environment
Core Assessment:

Class Assessment:

The final course grade will be determined using the following measurements:
            Examinations, presentations, homework, articles, research, interactions and classroom participation.
             
            8 Articles on Financial Institutions and Markets                           25 points each = 200 points
            5 Homework Assignments                                                             20 points each = 100 points
            2 Quizes                                                                                         100 points each = 200 points
            Final Exam                                                                                     200 points = 200 points
            Financial Analysis/Report                                                            300 points = 300 points
            Total:                                                                                            1000 points
             
            A= 90-100%; B=80-89%; C=70-79%; D=60-69%
             
            FINANCIAL ANALYSIS/REPORT:
             
            Students will be evaluated on their research, analysis, and reporting of a financial institution or market. Using business and financial publications, journals, and/or internet research students will explore, compare and contrast the selected criteria to be presented at the end of the term. www.park.edu/library is a good source of many periodicals and business journals as are many daily and weekly publications such as the Wall Street Journal.
             
            WEEKLY ARTICLES: Students should be prepared to research articles each week and present the researched information to the class on financial institutions and markets. Articles will be of the students choice and will be discussed with the class for 5-10 minutes. Evaluations will be made on the preparation, knowledge, and interactivity with the class.
             
             

          Grading:

          Item / Assignment
          Points
          Article Assignments (20%)
          200
          Homework (10%)
          100
          Quizes (20%)
          200
          Final Examination (20%)
          200
          Analysis (30%)
          300
          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.

          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:

          It is understandable that courses conducted on military installations and related duties associated with their mission can sometimes cause course material to be delayed. However, makeup exams, discussion questions, and presentations must be completed in an appropriate time frame to ensure academic honesty, and completion of the course learning objectives on time. Only extraordinary circumstances warrnat a student being allowed makeup exams. It is the student's responsibility to contact the faculty member or Park University before the schedule exam time to request permission for makeup exams. In the process of determining whether a makeup exam should be allowed the burden of proof rests with the student. The faculty member has the right to request verification of any excuse offered if needed. A student who is denied permission to take a makeup exam may appeal immediately to the Associate Dean/Dean of the School in which the course is offered or the Campus Center Director. The appeal must be made in writing by the end of the first work day after the request is denied. The appeal will be forwarded immediately to the Associate Provost and Vice President for Academic Affairs whose decision will be final.

          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 though that technology can also cause problems.  Printers run out of ink and hard drive crash.  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.
           
          The student code of conduct outlines student responsibilities and can be found at http://www.park.edu/studentlife/conduct.html. Cellular phones, beepers, or other electronic devices that distract the instructor or other students will be put away until the end of class. Individuals should arrive ontime to ensure limited disruptions occur once class begins. The core values of Park University are listed below:
          ACCOUNTABILITY
          CIVILITY AND RESPECT
          EXCELLENCE
          GLOBAL CITIZENSHIP
          INCLUSIVITY
          INTEGRITY
           
           
           

          Course Topic/Dates/Assignments:

          Our course follows the general schedule in the table below.  You will want to follow the weekly instructions in each module to ensure you meet all requirements. 

          Week

          Reading Assignment

          Activities

          Examinations

          Week 1

          Chapters 1 & 2 (Part 1)

          Lecture, Article,

          Week 2

          Chapters 3, 4, 5, & 6 (Part 2) 

          Lecture, Article,

          Week 3

          Chapters 7 & 8 (Part 3)

          Exam 1, Research

          Quiz 1 (Ch 1-6)

          Week 4

          Chapters 9, 10, & 11 (Part 4 & 5)

          Lecture, Article

           

          Week 5

          Chapters 12, 13, & 14 (Part 5)

          Lecture, Article,

          Week 6

          Chapters 15 & 16 (Part 5)

          Exam 2, Research

          Quiz 2 (Ch 7-14)

          Week 7

          Chapters 17, 18, & 20 (Part 6)

          Lecture, Article,

          Week 8

          Chapter 21 & 22 (Part 6)

          Lectrue, Article, Analysis

          Final Examination (All Covered Ch)

          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 (www.park.edu/current or http://www.park.edu/faculty/).from Park University 2011-2012 Undergraduate Catalog Page 95-96

          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. from Park University 2011-2012 Undergraduate Catalog Page 95

          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 98

          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 .

          Additional Information:
          During the course additional credit may be received for small projects turned in that relate to the topic of discussion. Additionally, extra credit questions will also be added to examinations concerning your chapter readings that may or may not have been covered during lecture. November 22nd is Thanksgiving and there will be no class on this day (article assignments must be turned in the Tuesday prior).

          Copyright:

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

          Last Updated:9/20/2012 5:52:09 PM