Lecture: 2 hours/week
Seminar: 2 hours/week
OR
Hybrid: Alternating weeks of above and online
Material will be presented within a lecture, seminar format with possible online requirements.
1. Introduction to financial markets and institutions.
2. The rationale for financial intermediaries.
3. Interest rates: determinants and role in financial markets.
4. Central banks and monetary policy.
5. Financial markets: Money and bond markets, Mortgage and securitized asset markets, Equity markets
6. Financial institutions and risk management: Depository and non-depository lending institutions, Primary and Secondary market intermediaries, Insurance intermediaries and pension funds, Mutual funds and Hedge funds, Private equity and venture capital firms
7. Government regulation of financial intermediaries and markets.
Upon completion of the course, a successful student will be able to:
1. Explain the economic role played by financial intermediaries
2. Assess monetary and fiscal policies and their impact on interest rates and asset prices
3. Demonstrate an understanding of the instruments and structure of various financial markets
4. Describe the roles played by financial intermediaries in the primary and secondary markets
5. Explain the key differences between financial intermediaries including their economic role, business risk exposure and risk management
Assessment will be based on course objectives and will be carried out in accordance with the Douglas College Evaluation Policy.
|
Assignments and Participation |
10% -15% |
|
Tests and Midterm(s) |
30% - 50% |
|
Term Project and Presentation |
0% - 20% |
|
Final Exam |
30% - 40% |
|
TOTAL |
100% |
No single assessment will be worth more than 40%.
Students must achieve a minimum grade of 50% on the combined invigilated components to pass the course.
Textbooks and materials to be purchased by students
1. Mishkin, F. et al. Financial Markets and Institutions, latest Canadian ed. Pearson Education Canada.
or Saunders, A et al. Financial Markets and Institutions, latest edition, McGraw Hill
or alternate textbook determined by the department.
2. Calculator: Texas Instruments BA II Plus or as approved by Department.