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Other Information I strongly urge you to use email to contact me outside of class. I will
check my email messages daily Monday through Friday and occasionally
on weekends, and you can be sure I will receive your message this way.
Feel free to stop by my office during office hours or email or call me to
set up an appointment.
Course Description The content of this course is a microeconomic focus on the functioning
and structure of a variety of financial markets and financial institutions.
The objective of the course is to provide detailed knowledge of a variety
of financial instruments and the markets in which they trade. Topics
covered include the banking system, the markets for different types of
securities, financial derivatives, and risk management in financial
institutions.
The course will be a blend of lecture and class participation. Most class
meetings will include a breakout session in which students work in groups
or individually to solve a problem or case.
Learning Outcomes We will cover many topics, concepts, and material in this class. A few
things you will learn include:
What’s the role of financial markets and institutions, and how do they
function?
How do we interpret current issues in financial markets?
How do firms raise capital when internal funds are insufficient to
fund all positive NPV investments?
What determines stock prices in financial markets?
What are the stock market anomalies and how do we explain these?
What do investment banks do and why do they get paid so much?
What’s the role of institutional investors and analysts?
How to manage risks in financial institutions?
What are the good and bad about the derivative trading?
Required Texts & Teaching materials are drawn from several books, newspapers, and
Materials periodicals. There are assigned readings for each class. I expect students
come to class prepared for the materials that will be covered that day. You
will find the materials much easier to grasp if you have read the assigned
materials in advance. I may make cold calls on students to answer
questions.
Suggested Texts, Risk Management and Financial Institutions, John C. Hull (Prentice Hall,
Readings, & 2nd edition, 2009)
Materials Financial Markets and Institutions, Frederic S. Mishkin and Stanley G.
Eakins (Prentice Hall, 6th edition, 2009)
Wall Street Journal, Business Week, The Economist;
http://www.marketwatch.com/;
http://finance.yahoo.com/;
http://money.cnn.com/;
http://moneycentral.msn.com
9 Oct. 21 Exam 2
15 Nov. 30 Presentation
16 Dec. 2 Presentation
16 Dec. 9 Exam3
Course Policies
Grading Grading will be based on a combination of the following:
Method A:
Class participation and homework assignment 4%
Quizzes 14% (5 quizzes total, drop 1 lowest scored ones)
Papers/Readings Review Write-up 8%
Presentation 5%
Exam1 23%
Exam2 23%
Exam3 23%
Method B:
Class participation and homework assignment 4%
Quizzes 11% (5 quizzes total, drop 2 lowest scored ones)
Papers/Readings Review Write-up 8%
Presentation 5%
Exam1 24%
Exam2 24%
Exam3 24%
Grading scale:
Suggested Grade will be absolutely no “curving” of test scores. The
suggested Grade would be “the most important” basis for the final grade.
A+: 98%+
A : 93-97%
A_: 90-92%
B+: 88-89%
B : 83-87%
B_: 80-82%
Grading Policy C+: 78-79
C : 73-77%
C_: 70-72%
D+: 68-69%
D : 63-67%
D_: 59-62%
F Below 59%
Be well prepared for quizzes and exams covering all materials, including
Quizzes and Exams assigned readings, papers, presentations, related book chapters, lecture
notes, homework assignments, review concepts and questions, and etc. Be
sure to maintain an ample supply of the green scantrons form 882-E and
bring one to each class meeting.
Grades are not negotiable and will only be changed in case of a math or
grading error on the instructor’s part.
Lectures are an important part of the learning process, as is the active
participation by students in class discussion. Participation is not explicitly
graded, but your participation in class discussion is expected, and it makes
the course more enjoyable for everyone. If you choose to attend class,
Class Participation please arrive on time; late arrivals are very disruptive because they create
“negative externalities”: some of the costs of the late arrival are borne by
others. Whether or not you attend, you are responsible for all the material
that we cover and all announcements made, including any announcements
made during the class.
We will cover quite a bit of material each week, so you will be in trouble if
you don’t keep current. Therefore, homework from the text will be assigned
Homework weekly. You are required to submit your homework. Homework will be
Assignments
graded randomly.
You may bring your laptop computers to class, however you will not be
Laptops &
Cell phones
permitted to have them open during the lectures, unless permitted by the
instructor. You may not use your cell phones or other electronic
communication devices in class.
I will establish a course web page on the Internet. Always check the
ELearning page before class. This site will include PowerPoint files of the
ELearning: course lecture notes, homework assignments and solutions, any external
Delivery web links, and relevant updates about the class including any changes in
of Course assignments or exams. You will be responsible for bringing the relevant
Materials course materials to each lecture.
If a file or link is not operational, let me know via email ASAP so I can
correct the link. If you have any other problems using ELearning, contact
the UTD technology help desk.
If you experience any problems with your UTD account you may send an email to:
Technical Support
assist@utdallas.edu or call the UTD Computer Helpdesk at 972-883-2911.
The University of Texas System and The University of Texas at Dallas have rules
and regulations for the orderly and efficient conduct of their business. It is the
responsibility of each student and each student organization to be knowledgeable
about the rules and regulations which govern student conduct and activities.
General information on student conduct and discipline is contained in the UTD
printed publication, A to Z Guide, which is provided to all registered students each
academic year.
A student at the university neither loses the rights nor escapes the responsibilities of
citizenship. He or she is expected to obey federal, state, and local laws as well as
the Regents’ Rules, university regulations, and administrative rules. Students are
subject to discipline for violating the standards of conduct whether such conduct
takes place on or off campus, or whether civil or criminal penalties are also
imposed for such conduct.
The faculty expects from its students a high level of responsibility and academic
honesty. Because the value of an academic degree depends upon the absolute
Academic Integrity integrity of the work done by the student for that degree, it is imperative that a
student demonstrate a high standard of individual honor in his or her scholastic
work.
Scholastic Dishonesty, any student who commits an act of scholastic dishonesty is
subject to discipline. Scholastic dishonesty includes but is not limited to cheating,
plagiarism, collusion, the submission for credit of any work or materials that are
attributable in whole or in part to another person, taking an examination for
another person, any act designed to give unfair advantage to a student or the
attempt to commit such acts.
Plagiarism, especially from the web, from portions of papers for other classes, and
from any other source is unacceptable and will be dealt with under the university’s
policy on plagiarism (see general catalog for details). This course will use the
resources of turnitin.com, which searches the web for possible plagiarism and is
over 90% effective.
The copyright law of the United States (Title 17, United States Code) governs the
making of photocopies or other reproductions of copyrighted materials, including
music and software. Copying, displaying, reproducing, or distributing copyrighted
works may infringe the copyright owner’s rights and such infringement is subject to
Copyright Notice appropriate disciplinary action as well as criminal penalties provided by federal
law. Usage of such material is only appropriate when that usage constitutes “fair
use” under the Copyright Act. As a UT Dallas student, you are required to follow
the institution’s copyright policy (Policy Memorandum 84-I.3-46). For more
information about the fair use exemption, see
http://www.utsystem.edu/ogc/intellectualproperty/copypol2.htm
The administration of this institution has set deadlines for withdrawal of any
college-level courses. These dates and times are published in that semester's course
Withdrawal from catalog. Administration procedures must be followed. It is the student's
Class responsibility to handle withdrawal requirements from any class. In other words, I
cannot drop or withdraw any student. You must do the proper paperwork to ensure
that you will not receive a final grade of "F" in a course if you choose not to attend
the class once you are enrolled.
Procedures for student grievances are found in Title V, Rules on Student Services
and Activities, of the university’s Handbook of Operating Procedures.
Copies of these rules and regulations are available to students in the Office of the
Dean of Students, where staff members are available to assist students in
interpreting the rules and regulations.
As per university policy, incomplete grades will be granted only for work
unavoidably missed at the semester’s end and only if 70% of the course work has
Incomplete Grades been completed. An incomplete grade must be resolved within eight (8) weeks
from the first day of the subsequent long semester. If the required work to
complete the course and to remove the incomplete grade is not submitted by the
specified deadline, the incomplete grade is changed automatically to a grade of F.
It is the student’s responsibility to notify his or her professors of the need for such
an accommodation. Disability Services provides students with letters to present to
faculty members to verify that the student has a disability and needs
accommodations. Individuals requiring special accommodation should contact the
professor after class or during office hours.
The University of Texas at Dallas will excuse a student from class or other required
activities for the travel to and observance of a religious holy day for a religion
whose places of worship are exempt from property tax under Section 11.20, Tax
Code, Texas Code Annotated.
Religious Holy
Days The student is encouraged to notify the instructor or activity sponsor as soon as
possible regarding the absence, preferably in advance of the assignment. The
student, so excused, will be allowed to take the exam or complete the assignment
within a reasonable time after the absence: a period equal to the length of the
absence, up to a maximum of one week. A student who notifies the instructor and
completes any missed exam or assignment may not be penalized for the absence. A
student who fails to complete the exam or assignment within the prescribed period
may receive a failing grade for that exam or assignment.
If a student or an instructor disagrees about the nature of the absence [i.e., for the
purpose of observing a religious holy day] or if there is similar disagreement about
whether the student has been given a reasonable time to complete any missed
assignments or examinations, either the student or the instructor may request a
ruling from the chief executive officer of the institution, or his or her designee. The
chief executive officer or designee must take into account the legislative intent of
TEC 51.911(b), and the student and instructor will abide by the decision of the
chief executive officer or designee.
These descriptions and timelines are subject to change at the discretion of the Professor.