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Econ 367, Financial Markets and Institutions
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Instructor: Tom Porebski
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Phone: 708-456-0300, extension 3509 (this is
preferred over the Dominican voice mail)
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Dominican
voice mail: call 708-524-6997, my extension is 1180, then
press # and follow directions given to leave recorded message.
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EMAIL: tporebsk@triton.edu
or tporebsk@dom.edu or or tporebski@aol.com
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Office
hours: I will generally be available 30 minutes before class in the
classroom. If this is not convenient,
see me for an appointment.
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Required Text
: Money, Banking, and
Financial Markets, by Miller and VanHoose, 3rd
edition. The study guide is recommended
but not required.
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COURSE OBJECTIVES AND
OVERVIEW: The course is an
introductory course in the money, banking, and financial markets. Topics covered include the nature of money
and the Federal Reserve, interest rates, the bond and stock markets, banks,
savings and loans, and other financial institutions in the economy, as well as
the regulation of these financial markets.
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GRADING PROCEDURE: There will be 4 exams, 3 regular semester exams and a comprehensive
final exam at the end of the semester.
The lowest of the first 3 exams will be dropped. There is also a paper that you have to write. The exam questions will be a mixture of
multiple choice, short answer essay, and problem solving.
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Points and Grade
distribution:
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Top 2 exams: 200 pts ( 100 each)
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Final exam 150 pts
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Paper 100 pts
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Total pts: 450 pts
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Approximate Scale:
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400- 450 pts = A
350- 399 pts = B
300- 349 pts = C
250- 299 pts = D
Below 250 =F
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Please note, there is no extra credit in this class.
Tentative Time Schedule
|
Week of |
Material covered |
Notes, exams, etc. |
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January 15 |
Chapters
1 and 2 |
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Jan. 22 |
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Jan. 29 |
Exam 1, ch 1,2,3 |
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Feb. 5 |
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Feb. 12 |
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Feb. 19 |
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Feb. 26 |
Exam 2, ch 4,5,7 |
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Mar. 5 |
No class, spring
break: read ch.
10 |
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Mar. 12 |
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Mar. 19 |
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Mar. 26 |
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April 2 |
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April 9 |
Exam 3, ch. 8-12 |
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April 16 |
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April 23 |
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April 30 |
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Final exam on all material |
NOTE: This time schedule is very tentative. Some chapters may be omitted and other
chapters included depending on time constraints. Exact material covered on each of the exams will
be discussed in class.
In
this class you have to write a paper on a topic dealing with money, finance, or
financial institutions. There are large
numbers of possible topics, such as a history based paper, as in the history of
credit unions, or the Federal Reserve, etc.
You could also do a paper on a specific topic in the course, such as the
term structure of interest rates, or the nature of the money market. Anything dealing with banks, savings and
loans, money markets, stock and bond markets, etc, is a possible topic. Some rules about the paper include:
1. I have to approve your
topic. I want your topic proposal by
next week, Jan. 22.
2. The paper must be typed,
suggested length of 5 pages.
3. The paper must have a title
(not just my econ paper)
4. You should have at least 3
sources of information, not including your text book.
5. The paper is graded on
content, as well as grammar, spelling, etc, so do your best work!
I usually put 70% of the grade on content, but 30% on sentence structure,
grammar, spelling, punctuation, etc.
6. DO NOT EVEN CONSIDER BUYING
A PAPER OFF THE INTERNET, ETC, AS I CHECK FOR THIS: ANY
PLAGARIZED PAPERS RESULTS IN YOUR FAILING THE COURSE.
7. DUE DATE: APRIL 16.
PAPERS WILL NOT BE RETURNED SO KEEP A COPY FOR YOURSELF.
8. LATE PENALTY: 5
POINTS DEDUCTED FROM YOUR SCORE FOR EACH DAY LATE.