University
of Scranton
The
Arthur J. Kania School of Management
Economics/Finance
Department
Course Number: FIN
473 Semester: Spring 2002
Course Title:
Financial Institutions Office:
Brennan Hall 310
Instructor: Dr. John
N. Kallianiotis Office Hours:
T-Th:
10:00 - 2:00 P.M. and
5:30-6:30 and by appointment
Telephone: 941-7577 and 941-4048
E-mail: jnk353@uofs.edu
REQUIRED TEXT: Financial
Markets and Institutions, Third
edition, by Mishkin and Eakins, Addison-Wesley, Reading,
Massachusetts, 2000
The Wall Street Journal (subscription is
suggested)
DESCRIPTION OF COURSE:
This course is designed to study the
financial markets and financial institution, including depository and
nondepository institutions. Topics
include regulation, operation, and management of financial institution,
financial instruments, interest rate principles, risk management strategies,
loan analysis, and asset/liability management.
Insurance and pension principles, and investment banking are covered.
OBJECTIVES:
The major objectives of the course
are:
1. To familiarize students with the
principles, concepts, and terminology of
Financial Institutions.
2. To learn the regulations, operations,
and management of the assets and liabilities of financial institutions.
3. To master financial instruments,
interest rate, and risk management.
TOPICS COVERED:
Topics Classroom
Hours
1.
Introduction:
1. Why Study Financial Markets and Institutions
4
1.
An Overview of the
Financial System
II. Principals of Financial Markets 8
1.
Understanding Interest
Rates
2.
The Behavior of Interest
Rates
3.
The Risk and Term
Structure of Interest Rates
4.
The Theory of Efficient
Capital Markets
II Central
Banking and the Conduct of Monetary Policy 6
7. The
Structure of Central Banks and the Federal
Reserve System
8. The Conduct
of Monetary Policy: Tools, Goals, and
Targets
IV. Financial Markets 4
1.
The Money Markets
2.
The Capital Markets
3.
The Mortgage Markets
4.
The Foreign Exchange
Market
13. The
International Financial System and Monetary Policy
1.
The Financial
Institutions Industry 8
14. The
Theory of Financial Structure
1.
The Banking Firm and
Bank Management
2.
The Commercial Banking
Industry: Structure and Competition
3.
Thrifts: Savings and
Loans and Credit Unions
4.
Banking Regulation
5.
Pension and Insurance
Companies
6.
Finance Companies and
Financial Conglomerates
7.
Securities Markets and
Firms
VI. The Management of Financial Institutions 4
22. Risk
Management in Financial Institutions
23. Hedging with Financial Derivatives I: Forwards
and Futures
1.
Hedging with Financial
Derivatives II: Options and Swaps
CLASS
MEETING:
The class meets for 28 sessions of 1 hour and 15
minutes duration, plus a final exam.
TEACHING
METHODS AND ASSIGNED READINGS:
The teaching method will be lectures and classroom
discussions. Homework assignments and a project will be announced in the
classroom. There will be three exams*
(25% each) and your assignments together with your attendance, class
participation, term paper, and performance will count for 25% of the
course. Students cannot miss more than
two weeks (4 lectures) during the semester.
The Grading scale is the following:
0 - 59: F 76 - 79: B-
60- 63: D 80 - 83: B
64- 67: D+ 84 - 87: B+
68 - 71: C 88 - 91: A-
72 - 75: C+ 92 - 100: A
The course will give students the opportunity to
master a topic and write a paper on it. The paper will be presented in the
classroom the last week of the semester (5/5 - 5/10/2002). Students are expected to participate in the
class discussion. They will be exposed to a wide range of issues and concepts
related to Financial Institutions.
_______________
·
The first exam on
February 26, 2002, the second on April 9, 2002 and the Final Exam will be
announced in the classroom.
Contact
Information
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University of Scranton