TERM:
Summer 1998
COURSE
NUMBER:
COURSE
TITLE:
Selected Markets
CATALOG DESCRIPTION: Overview of selected financial markets .
INSTRUCTOR: Dr. Cheryl Frohlich
OFFICE:
42/3210
OFFICE HOURS:
T Th 3:00-4:30
and by appointment.
PHONE:
620-2630 (office); 223-9516 (home)
CLASS TIME:
Sat. 1:00 - 4:45 p.m.
REQUIRED TEXT:
Jeff Madura, Financial Markets and Institutions, 4 th edition
WHY TAKE FINANCE?
Finance is the language of business. Understanding finance is essential for all business students whether the intended major
is management, marketing, law, or accounting. A finance background provides a graduate with fundamental training that can
be used in all aspects of organizational activity, whether commercial, governmental, or institutional.
THIS COURSE INTENDS
This course examines selected financial markets of the U. S. economy.
1.
Objective: The objective of this class is providing the student the opportunity to stretch to his/her full thinking
potential. The course is very rigorous and the student must integrate concepts in lecture and test. A working
knowledge of the mortgage, future, option, swap and foreign exchange markets will be expected at the conclusion of
the course.
2.
Lecture-Discussion: Most of the class periods will be devoted to covering material from the textbook or assigned
readings. Class participation through discussion, questions, examples, or newspaper articles is required.
I will expect each of you to remain abreast of current developments in financial markets and financial institutions in
general. In order to accomplish this the Wall Street Journal along with certain weekly publications such as Business
Week, Newsweek, or Forbes need to be read on a regular basis.
WRITTEN COMMUNICATION REQUIREMENT: None
ORAL COMMUNICATION REQUIREMENT:
Oral communication skills will be demonstrated through class participation. In addition, discussion of homework when
presented in class will be required.
COMPUTER APPLICATIONS:
Several spreadsheet software packages are available. Use of one of these packages will be required to complete some
homework assignments.
INTERNATIONAL COVERAGE:
One section on Foreign Exchange Markets, in addition to international applications/ issues throughout the text.
ENVIRONMENTAL ISSUES COVERED:
None
ETHICAL ISSUES COVERED:
Ethics will be discussed as it pertains to the use of finance in managerial decisions and its impact upon the organization.
ACADEMIC INTEGRITY POLICIES
ETHICS AND CODE OF CONDUCT
In today's environment, ethics has become an extremely important topic. These characteristics are not bestowed upon you at
graduation but are developed over time. The College of Business Administration has published an undergraduate handbook
which includes a Code of Conduct (Pages 2-3). All items listed will be strictly enforced. Any student violating any aspect of
the code of conduct will be penalized and receive a grade of `F' for the course and referred to the proper authorities for
expulsion from the University. Specific items that relate directly to this course are:
Cheating
Intentionally using or attempting to use unauthorized materials, information, notes, study aids or other devises in any
academic exercise. This definition includes unauthorized communication of information during an academic exercise.
This includes, but is not limited to the following:
(1)
Computer assignments must be done independently.
(2)
Copying or allowing copying by another student or students constitutes cheating.
Multiple Submissions
The submission of substantial portions of the same academic work for credit more than once without authorization.
(1)
Computer assignments must be done independently.
Abuse of Academic Materials
Intentionally or knowingly destroying, stealing, or making inaccessible library or other academic resources such as:
(1)
Solution manuals.
(2)
Instructor's overheads.
Complicity in Academic Dishonesty
Intentionally or knowingly helping or attempting to help another to commit an act of academic dishonesty
(1)
Providing answer(s) to a later class.
(2)
Asking other student(s) or class(es) for answer(s).
DISABILITY ACT:
If you have a disability, as defined by the American with Disability Act (ADA), which requires a classroom accommodation
or auxiliary aid(s), please inform me of your needs during the first week of class so that I may take appropriate action. You
should also notify the Office of Disabled Services Programs at 646-2769 concerning any needs you may have.
CLASSROOM PROTOCOL
Success in business requires much more than adequate technical training. Some of the factors that you should have
developed by now include:
(1)
dependability (e.g., attend class regularly)
(2)
punctuality (e.g., class starts on time)
(3)
courtesy (e.g., pay attention, don't pack up early)
(4)
motivation (e.g., be adequately prepared for class)
POLICY ON LATE WITHDRAWALS
The University policy for dropping a course after the official withdrawal date is as follows:
UNF students are not allowed to drop a course after the official withdrawal date unless there are unusual circumstances that
are clearly beyond the student's control. When such cases exist, the student should file a petition with attached
documentation. The instructor does not approve or disapprove, but assigns a grade of WP or WF. The instructor may also
recommend an action to be taken or write a note explaining unusual circumstances connected with the course. This policy
means that students do not have the right to drop a course after the official university deadline simply because they have a
passing grade at that time.
CLASS PREPARATION
Homework and attendance are essential parts of the learning process. It is the student's responsibility to have read the
assigned chapter(s) before coming to class. Assignments should be prepared and are due on the dates indicated on the
schedule unless otherwise instructed. You should spend at least ten to fifteen hours per week outside of class on assignments.
ATTENDANCE/PARTICIPATION
Even though no roll will be called, attendance is important in achieving good grades. Students are responsible for thorough
preparation of all chapters.
Students may be called upon randomly to answer and help present problems.
QUIZZES/ HOMEWORK
There will be a one-week turnaround time on homework. Late homework will not be accepted. Late is defined as the day I
return the homework in class.
EXAMINATIONS: There will be one comprehensive final. As a general policy NO Make-Up's are given. There is every
possibility that if you should miss a test, you will receive a zero on that test. All exams are to remain in control of the
professor.
FAILURE TO RETURN AN EXAM RESULTS IN AN AUTOMATIC ZERO FOR THAT TEST.
GRADING
Individual Homework/Quizzes
Final
100%
A
B
C
D
F
25%
75%
133
33
100
Percentage
90-100%
80-89%
70-79%
60-69%
0-59%
A student must have earned at least 90% of the total possible course points (maximum 100) to obtain an 'A' for the course.
Similar requirements for letter grades, B, C, and D are indicated on the schedule above. Although, quite often the final
grades are curved, this is not a certainty. Therefore, the most conservative approach will be to use the above percentages for
grading during the semester.
FIN CLASS SCHEDULE
Date/
Day
Lecture
Assignments
Textbook
Text
Assignments
Homework/Quiz
Problems
June 13
Mortgage Market
9
Mortgage Homework
June 20
Futures
12
Future Homework
Mortgage
Homework Due
June 27
Options / Exchange
13 & 15
Exchange Homework
Future Homework
Due
July 4
Vacation
July 11
Swaps/ Test
Exchange
Homework Due
14
LIBRARY RESERVE LISTING
University of North Florida Library
Reserve Collection
TITLE
Overheads
CBOT Financial Instruments Guide
Strategies for Buying and Writing
Options on T-Bond Futures
Understanding Basis:
The Economics of Where and When
AUTHOR
Frohlich [ 813]
CBOT [ 1911]
CBOT [ 1907]
CBOT [1910]