Spring 2005BA 543 – Financial Markets and InstitutionsBA 543 – Financial Markets and InstitutionsSpring 2005Instructors: Raymond M. Brooks418B Bexell [email protected] Hours: Thursday, 12 Noon - 2:50 p.m. or 6:00 p.m. - 8:50 p.m. Office Hours: Tuesday/Wednesday 10:00 – 11:00 p.m. & Thursday 3:00 - 4:00 p.m.Others by appointment (please call for appointment)Required Text: Fabozzi, Modigliani, Jones and Ferri, Foundations of Financial Markets and Institutions, Prentice Hall, Third Edition, 2001 Course Objective: The objective of the course is to introduce students to institutions and markets that form the economic system of trading financial and real assets. The course will introduce concepts of financial theory, institutional detail, regulations, and the history of the financial markets. Students will be introduced to legal, ethical, technological, global issues facing financial managers, financial markets, and the financial assets traded in these markets. The course is designed to provide an overview of the financial world, the financial assets that aretraded, and the agents that participate in the financial markets.Grading: You will prepare a research paper on a specific topic assigned during the first class. The paper will be an extension of the material from the text and provide insight into the specific topic. Later in the term when your topic matches the discussion material for the class you will make a presentation of your paper. The paper and presentation are worth 25% of your grade each or a total of 50% of the course grade. The remaining 50% of your grade is the final examination.Class Attendance: I expect students to be on time and present for every class. Good studyhabits and efficient management of time will translate into good work habits and responsible employees. Class Preparation: Students should read the assigned chapter and look over the end of chapter questions. Dishonesty: Please review Academic Regulations number 15 in your schedule of classes.BA 543 – Financial Markets and InstitutionsThursdays – Bexell 415Section 1: 12:00 noon – 2:50 p.m.Section 2: 6:00 p.m. – 8:50 p.m.Spring 2005Course Outline General Topics and ReadingDate TopicReadingAssignmentPaperAssignmentQuestionsProblemsMarch 31, 2005Financial Intermediaries and Role of GovernmentChapters 2 and 3 plus some of Chapters 7, 8 and 9Example Paper and PresentationSign up for PaperChapter 2: 7, 8, and 10Chapter 3: 2, 3, and 5Chapter 7: 3 and 7Chapter 8: 13Chapter 9: 8April 7, 2005 Research Time Professor ContactApril 14, 2005 Research Time Professor ContactApril 21, 2005 Banks, Central Banks and Monetary PolicyChapters 4, 5 and 6Research Paper Due – Presentations*Chapter 4: 6 and 9Chapter 5: 6 and 11Chapter 6: 1 and 2April 28, 2005 Common Stock Markets and International Equity MarketsChapters 18 and 19Presentations Chapter 18: 11, 17, and 25Chapter 19: 3, 5 (a and bonly) and 14May 5, 2005 Treasury and Municipal MarketsChapters 16 and 17Presentations Chapter 16: 4, 6, and 17Chapter 17: 6 and 12May 12, 2005 Corporate Bondsand Bond DealersChapters 20 and 21Presentations Chapter 20: 3 and 9Chapter 21: 2 and 5May 19, 2005 Mortgage MarketsChapters 23 and 24Presentations Chapter 23: 6 and 12Chapter 24: 2 and 9May 26, 2005 Futures Markets,Options Markets And ApplicationsChapters 26 and 27 Presentations Chapter 26: 3, 5, 11 and 14Chapter 27: 3, 8, 9, and 15June 2, 2005 Swaps & Currency MarketsChapters 30 and 31Presentations Chapter 30: 2 and 7Chapter 31: 3, 6 and 10June 6, 2005 FINAL EXAMPresentation Score Card0 to 10 points in each Category1. Content of Subject ( The depth of knowledge and coverage of the subject)2. Use of Visual Aids (PowerPoint, Graphs, Charts, Exercises, etc.)3. Communication with the Audience (Appropriate language, projection, eye-contact, etc.)4. Introduction and Summary of Subject (Concise and clear opening, concise and effective summary)5. Questions and Answers (Response to Audience Questions)Written Paper Score Card0 to 5 points in each Category1. Within Guidelines for Written Presentation (12 point Font, Double Spaced, 6 to 8 pages)2. Grammar and Sentence Structure (Paper has been edited by author and is consistent in tense and person)3. Clear and Concise sentences (Paper is written for a business audience)4. Content of Paper (Paper covers the essential parts of the topic)5. Introduction (Clearly states the subject, scope of the paper, and the theme)6. Body of the Paper (Organized to flow effectively from one paragraph to the next, one subject to the next)7. Summary of the Paper (Concise but articulate summary that covers the main points ofthe paper or the main conclusions)8. When appropriate, Tables, Charts, Graphs, or other visual aids are effectively used in paper.9. References 10. Overall effectiveness of the paper on the