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FI 363 Financial Institutions & Markets
Hepler, Paul L.


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.

Course

FI 363 Financial Institutions & Markets

Semester

S1T 2008 DLC

Faculty

Hepler, Paul L.

Title

Senior Instructor - Adjunct Faculty

Degrees/Certificates

MS Management
BS Management

Office Location

Tucson, Arizona

Office Hours

By appointment

Daytime Phone

520-777-4088

Other Phone

520-203-4750

E-Mail

paul.hepler@park.edu

Semester Dates

Jan 14, 2008 - March 9, 2008

Class Days

Online

Class Time

Online

Prerequisites

EC301

Credit Hours

3


Textbook:
Financial Markets and Institutions, 7th ed.,  and accompanying Study Guide by Madura. ISBN: 0-324-28845-X for text, 0-324-28845-8 for study guide

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 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/.
Advising - Park University would like to assist you in achieving your educational goals. Please contact your Campus Center for advising or enrollment adjustment information.
Online Classroom Technical Support - For technical assistance with the Online classroom, email helpdesk@parkonline.org or call the helpdesk at 866-301-PARK (7275). To see the technical requirements for Online courses, please visit the http://parkonline.org website, and click on the "Technical Requirements" link, and click on "BROWSER Test" to see if your system is ready.
FAQ's for Online Students - You might find the answer to your questions here.


Course Description:
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:
Homework assignments and group projects, mid-term examination, an options game, comprehensive Final exam and class participation.

Grading:

 

Assignment

% of Grade

Points

Due Date

Homework assignments/Group Projects

40%

400

Assignments are due on Sunday

Options Game

5%

50

Fifth class week

Class Participation

15%

150

Continually

Mid Term Examination

10%

100

Fourth class week

Eighth Week Examination

30%

300

Eighth class week

Total

100%

1,000

 
Grading:
 
90 - 100            A  
80 - 89              B
70 - 79              C
60 -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 and Management 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 and Management.

Late Submission of Course Materials:
Late work will not be accepted.  However, I will accept Week 1's work late if you have notified me you are still waiting for a text, you can turn it in no later than the end of week 2.

Classroom Rules of Conduct:

  • General e-mail: When sending e-mail, you must identify yourself fully by name and class in all e-mail sent to me and/or other members of our class. (You might be surprised at how many emails I get with nothing but something like "slick@yahoo.com" as an identifier.)
  • My Response Policy: I will check my e-mail frequently. I will respond to course-related questions within 24-48 hours (unless I notify you previously that I will be unavailable).

    Workload/Due Dates. Each week's work must be completed by Midnight CST on Sunday.  Early submission is encouraged.

  • Course Topic/Dates/Assignments:
     Welcome to Financial Institutions and Markets (FI363), on line! This course focuses on the actions and interactions of financial institutions, the government, and the community.

    Each week we'll focus on three or four chapters in our text, Financial Institutions and Markets, by Madura.

    During Week 1, our objective is to understand the many different types of financial markets and institutions and the roles they play through theory, activities, and current examples. We begin to focus on interest rates, how they are determined, and the relationship between rates, time, and securities prices.

    During Week 2, we will look at the Federal Reserve system and monetary theory and policy. We will also begin looking at debt security markets with a look at Money Markets and we'll begin to look at Options.

    During Week 3, we'll look at other debt security markets including bond markets and mortgage markets. We want to know what these are, how they operate, what purpose they serve, and some of the challenges faced in each of these markets. Perhaps most interesting this week will be the chapter on bond valuation!

    During Week 4, we'll have a Mid Term Exam and look at stock markets. We'll try to determine how best to value stocks.

    During Week 5, we begin to look at financial futures, options markets, interest rate swap markets and foreign exchange derivative markets.

    During Week 6, we examine banks, their sources and uses of funds, and the regulations that govern their operations. We'll also look at how banks are managed and how their performance is measured.

    During Week 7, we look at non-bank financial institutions such as savings institutions, credit unions, finance companies, mutual funds, securities firms, pension funds, and insurance companies.

    During the final week, we will assess the course itself, the contribution of each team member to the team's efforts, and have an assignment to review what has happened during the 8 weeks we were in this class. We will also have a significant exam. The policy at Park University is for each of you to take a significant, proctored exam during the Eighth week of the class. Unless you are more then two hours from the nearest Park site, you are expected to take the exam at one of the Park sites. (People overseas or other wise out of the area of a Park site will be handled on an individual basis. If you think this applies to you, contact me before you submit your proctor form with details of your situation.) I will send the exam to your proctor; you will have to arrange a time to meet with the proctor and to take the exam, and then have the proctor send it to me. There is additional information below.

    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 2007-2008 Undergraduate Catalog Page 85-86

    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. Park University 2007-2008 Undergraduate Catalog Page 85

    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.
    3. Work missed through unexcused absences must also be made up within the semester/term of enrollment, but unexcused absences may carry further penalties.
    4. 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".
    5. A "Contract for Incomplete" will not be issued to a student who has unexcused or excessive absences recorded for a course.
    6. 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.
    7. 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.
    ONLINE NOTE: An attendance report of "P" (present) will be recorded for students who have logged in to the Online classroom at least once during each week of the term. Recording of attendance is not equivalent to participation. Participation grades will be assigned by each instructor according to the criteria in the Grading Policy section of the syllabus.

    Park University 2007-2008 Undergraduate Catalog Page 87-88

    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 .

    Copyright:

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

    Last Updated:12/27/2007 8:44:29 AM