INSTRUCTOR: Valerie Stroop
OFFICE NO: C-232F
OFFICE PHONE: 353-3425
SYLLABUS
FIN 2110 - Money and Banking
Textbook
Principles of Money, Banking, and Financial Markets by
Study Guide—optional
Course Description
Presents basic
economic principles most closely related to the subject of money and banking.
The course stresses the applications of the economics of money and banking in
the individual bank and in the banking system. Some of the subjects covered
include the nature and functions of money and the money supply; Financial
Intermediation and the various financial markets; the Federal Reserve System
and other regulatory agencies; Monetary Policy and Fiscal Policy. 3
Credit Hours
Course Outcomes
Course outcomes will be
pursued through a combination of lecture, class discussion, and written
assignments. Students will participate in activities designed to enhance their
abilities in communication, critical thinking, and problem solving.
After completing FIN 2110,
students should be able to:
1. Define “money” and the money supply.
2. Discuss the financial intermediation process and its
effects on the main financial sectors of the economy.
3. Discuss the various markets in which financial instruments
are traded.
4. Discuss the role of regulatory authorities such as the
Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and Comptroller
of Currency.
5. Explain monetary policy, its tools and uses.
|
Competencies
Which Support Course Outcomes |
|
Using a calculator and materials approved by the
instructor, the students should be able to: |
|
1.
Discuss the
history and importance of money. |
|
2.
Describe the
characteristics and functions of money. |
|
3.
Explain
measurements of the money supply. |
|
4.
Describe
financial intermediation and its purpose. |
|
5. Understand the relationship between bond prices and
interest rates. |
|
6.
Explain the
differences in the risk and term structure of interest rates. |
|
7.
Interpret the relationship
between the term structure of interest rates and yield curves. |
|
8.
Discuss foreign
exchange rates, how they are determined, and why they fluctuate. |
|
9.
Describe the
basic operation, risks, and trends for depository and non-depository
institutions. |
|
10.
Discuss the
major agencies that regulate financial institutions. |
|
11.
Describe the
structure, operation, power, and independence of the Federal Reserve. |
|
12.
Explain the
tools of monetary policy and how they are used to adjust the money supply. |
Course Outline
I.
Overview of Money
A.
Functions and
Measure of Money
B.
Financial
Instruments, Markets and Institutions
C.
Intermediation
II.
Fundamentals of
Interest Rates
A.
Behavior of
Interest Rates
B.
Risk and Term
Structures
III.
Financial
Institutions
A.
The Banking Industry
B.
Bank Regulation
C.
Innovations
IV.
The Money Supply
Process
A.
Money Creation
B.
The Federal
Reserve System
C.
Monetary Policy
Grading Criteria
Grades from the following criteria will be
averaged together equally to determine the semester grade:
|
4 Exams |
73% |
4 Exams @ 200 points each |
800 points |
|
Participation (on-line contributions, promptness,
etc.) |
2% |
To be assigned by the instructor |
25 points |
|
Average of other assignments |
25% |
11 assignments @ 25 points each |
275 points |
|
|
100% |
|
1100
Total Points |
Grading Scale
|
990-1100 pts |
90-100% |
A |
|
|
880-989 pts |
80-89% |
B |
|
|
770- 879 pts |
70-79% |
C |
|
|
660-769 |
60-69% |
D |
|
|
659 or below |
Below 60% |
F |
|
Test
Make-up Policy
No make-up tests
will be given. Students are required to
take tests on or before the scheduled times.
The tests are available in the
The
Monday–Thursday 8:00 a.m.–7:30 p.m.
Friday 8:00 a.m.–4:30 p.m.
Saturday 9:00 a.m.–2:00 p.m.
CHILDREN ARE NOT ALLOWED IN THE TESTING
CENTER
EXTRA-CREDIT
Extra-credit can be earned by
completing the Practice Tests. Practice Tests are available through the QUIZZES
page. You will be able to earn up to 10 points towards your final average and
credit will be awarded based on the PERCENTAGE of CORRECT responses that you
submit during the semester. For example, there are 12 Practice Tests, and if
you make a 90% on every test, you will have 9 points added to your final
average. OR if you make 100% on 6 tests, you will have answered 50% of
ALL possible questions correctly, and you will have 5 points added to your
final average.... (This means that you can improve your average by a whole
letter grade by correctly completing all of the Practice Tests.)
The Practice Tests are a very
valuable study tool. Even if you don't need extra credit, I urge you to use
them to help you study for the regular tests!
COMMUNICATION:
***It is the student’s responsibility to check D2L and
MyNSCC email on a regular basis. These are the official communication
channels between the college and students. Students are responsible for the
information communicated through those channels. D2L contains specific
course information and MyNSCC contains information important for other purposes.
Attendance Policy
Timeliness in this course is
critical to success. There are specific due dates set for homework assignments
and exams. Homework due dates and test dates will be strictly adhered to and
will not be extended. Failure to complete homework and exams by the due dates
will result in a grade of zero for that assessment. A student that stops submitting
work during the semester and does not withdraw will be assigned a grade of
“FA”. FA means failure, attendance related.
A student that never submits work and does not withdraw will be assigned
a grade of “FN”. FN means failure, never attended class (unofficial
withdrawal).
***Failing
to submit two consecutive assignments or
failure to take two exams will result in a grade of FA for the course.
You do not need to contact me
in order to “check in” as long as you are up to date on your assignments.
ADA
If you require an
accommodation in order to function effectively in this class, please contact me
about it before the end of the second class period.