E120, E130 or E131
Mishkin, Frederic and Stanley G. Eakins Financial Markets & Institutions , 6th edition. Alternate E Book subscription may be cheaper.
Eaton, James W. and Frederic Mishkin, Online Readings for Financial Markets & Institutions
A Random Walk Down Wall Street, Malkiel, Burton G., 2000, W.W. Norton & Co.
Irrational Exuberance, Princeton University Press, Robert J. Shiller, 2nd Edition, 2006.
The Subprime Solution: How Today's Global Financial Crisis Happened, and What to Do about It, Robert J. Shiller, 2008.
Beyond Greed and Fear: Understanding Behavioral Finance and the Psychology of Investing, Hersh Shefrin, 2000.
Stocks for the long run: the definitive guide to financial market returns and Long-Term Investment Strategies, Siegel, Jeremy J., 2002, McGraw-Hill
- Pop Quizzes will be given occasionally throughout the semester (5-6).
- Problem Sets will be assigned for most chapters. These will be spot graded, and answer keys will be provided online.
- The Midterm exam will be given on October 20, 2009.
- The Final Exam is comprehensive and will be given on Tuesday, December 15, 2009 from 2:15 to 4:15 PM The final exam is given in the regular class room.
- The course grade will be assigned using +/- grading.
Pop Quizzes: (average after dropping lowest score)
15%
Problem Sets: (average after dropping lowest score)
15%
Midterm
35%
Final
35%
- I will make extensive use of the internet to distribute course materials, including old exams, answer keys, and assigned readings. Although I will attempt to notify you when major changes have been made to the web site, it is your responsibility to check the web site on a regular basis.
- Attendance is mandatory; no make up quizzes will be given.
- There will be no make up exams. Only medical emergencies are valid reasons for missing exams, in which case the weight of the missed exam will be allocated to any remaining exams.
- Exams must be taken on the assigned dates. Please note the dates listed above for both the midterm and the final.
- Assignments will not be accepted late (or by email). You may drop one problems set and one quiz grade from your average.
- All of the assigned readings will not be covered in detail in class. You are responsible for all of the material in these readings. Assigned readings for each class meeting should be read prior to class and then carefully reviewed after class.
- Class will be conducted in an open discussion/lecture style. Your participation is expected, and I will frequently call on students to discuss important topics.
- I will always be available to you during my office hours, by email, phone and by special appointment. I encourage you to make use of my time. Please do not wait until the day of an exam to ask for my assistance.
Course ScheduleBelow is a plan for the course, including exam dates, a lecture schedule (subject to change), and required readings. I will assign additional readings to accompany some chapters. Although some of these readings will not be covered in class, they are all required. In addition, any class handouts are required reading don't miss class.
Date
Begin Discussing:
Chapter
Aug.
25
Introduction
Why Study Financial Markets and Institutions?
1
27
Overview of the Financial System
Sept.
1
Fundamentals of Financial Markets
What Do Interest Rates Mean and What Is Their Role in Valuation?
3
8
Why Do Interest Rates Change
17
How Do Risk and Term Structure Affect Interest Rates?
29
The Foreign Exchange Market and the International Financial System
Oct.
13
The Stock Market, Efficient Markets Theory and Models of Asset Pricing
Oct. 20 Midterm 1-5,13 Nov.
3
Banking and the Management of Financial Institutions
17
Risk Management in Financial Institutions
24 19
The Fundamentals of Financial Institutions
Why Do Financial Institutions Exist?
15Dec. 1
Banking Regulation
20
10
Hedging with Financial Derivatives
25 Dec.
15
Final Exam 2:15-4:15 PM in REGULAR CLASS ROOM