Effective: Late Fall 8-Week, 2018/2019

FINC 395: *Financial Markets And Institutions

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  Course Description

Examination of the risks faced by managers of financial institutions and the methods and markets through which these risks are managed. Consideration is given to a wide array of financial institutions including commercial banks, credit unions, investment banks, securities firms, insurance companies and investment companies. Cross-listed as ECON 395.

Prerequisite: ACCT 281, MATH 150 or MATH 170; ECON 293; ECON 294; FINC 350.

Proctored Exams: None



  Textbooks

As part of TruitionSM, students will receive their course materials automatically as described below.

Required

  •  Madura, Jeff. Financial Markets and Institutions. 12th ed, Cengage, 2017.  eText

Bookstore Information

Visit https://www.ccis.edu/bookstore.aspx for details.

eText Information

If a course uses an eText, (see Textbook information above) the book will be available directly in Desire2Learn (D2L) and through the VitalSource eText reader the Friday before the session begins, if registered for courses prior to that date.  Students will have a VitalSource account created for them using their CougarMail email address. Upon first login to VitalSource, students may need to verify their account and update their VitalSource password.  More information about how to use the VitalSource platform, including offline access to eTexts, can be found in D2L.  Students that would like to order an optional print-on-demand copy of eligible eTexts can do so through the VitalSource bookshelf at an additional cost.  Once orders are placed, it can take approximately five to seven business days for students to receive their print-on-demand books.

Physical Course Materials Information

Students enrolled in courses that require physical materials will receive these materials automatically at the address on file with Columbia College.  Delivery date of physical materials is dependent on registration date and shipping location.  Please refer to confirmation emails sent from Ed Map for more details on shipping status.

Returns: Students who drop a course with physical course materials will be responsible for returning those items to Ed Map within 30 days of receipt of the order.  More specific information on how to do so will be included in the package received from Ed Map.  See here for Ed Map's return policy. Failure to return physical items from a dropped course will result in a charge to the student account for all unreturned items.

Note: Students who opt-out of having their books provided as part of TruitionSM are responsible for purchasing their own course materials.

  Technology Requirements

Participation in this course will require the basic technology for all online classes at Columbia College:
  • A computer with reliable Internet access
  • A web browser
  • Acrobat Reader
  • Microsoft Office or another word processor such as Open Office

You can find more details about standard technical requirements for our courses on our site.

  Course Learning Outcomes

  1. Describe the financial markets and institutions that comprise the U.S. financial system and the function(s) they serve in our economy.
  2. Understand the types of financial instruments used in various markets, including knowledge of their characteristics and valuation.
  3. Explain how interest rates are determined in an economy, the relationship among various interest rates throughout the financial system, and the meaning of term structure of interest rates and yield curve.
  4. Analyze the role/function of the Federal Reserve in the U.S. financial system, including the Fed's role in the money-creation process and the major tools of monetary policy.
  5. Explain the basic principles of bank management and performance evaluation, the workings of banks, including the sources and uses of their funds, and the major assets and liabilities of depository financial institutions and their valuation in relation to changes in interest rates.

  Course Objectives

      Grading

    Grading Scale

    Grade Points Percent
    A 900-1000 90-100%
    B 800-899 80-89%
    C 700-799 70-79%
    D 600-699 60-69%
    F 0-599 0-59%

    Grade Weights

    Assignment Category Points Percent
    Discussions (16) 160 16%
    Dropbox Assignments (8) 160 16%
    Quizzes (2) 80 8%
    Exams (2) 400 40%
    Research Paper 200 20%
    Literature Review 40 4%
    Total 1040 104%

      Schedule of Due Dates

    Week 1

    Assignment Points Due
    Introductions Wednesday
    Discussion 1 10 Wednesday/Sunday
    Discussion 2 10
    Dropbox Assignment 1 20 Sunday

    Week 2

    Assignment Points Due
    Discussion 3 10 Wednesday/Sunday
    Discussion 4 10
    Dropbox Assignment 2 20 Sunday
    Quiz 1 40

    Week 3

    Assignment Points Due
    Discussion 5 10 Wednesday/Sunday
    Discussion 6 10
    Dropbox Assignment 3 20 Sunday
    Literature Review 40

    Week 4

    Assignment Points Due
    Discussion 7 10 Wednesday/Sunday
    Discussion 8 10
    Dropbox Assignment 4 20 Sunday
    Midterm 200

    Week 5

    Assignment Points Due
    Discussion 9 10 Wednesday/Sunday
    Discussion 10 10
    Dropbox Assignment 5 20 Sunday

    Week 6

    Assignment Points Due
    Discussion 11 10 Wednesday/Sunday
    Discussion 12 10
    Dropbox Assignment 6 20 Sunday
    Quiz 2 40

    Week 7

    Assignment Points Due
    Discussion 13 10 Wednesday/Sunday
    Discussion 14 10
    Dropbox Assignment 7 20 Sunday
    Research Paper 200

    Week 8

    Assignment Points Due
    Discussion 15 10 Wednesday/Saturday
    Discussion 16 10
    Dropbox Assignment 8 20 Saturday
    Final Exam 200
    Total Points: 1040

      Assignment Overview

    Discussions

    During this course, you will have sixteen (16) graded discussions. Note that the Introduction Discussion during Week 1 is not graded but encouraged. You will be expected to submit an initial post, and courteous and respectful responses should be posted to at least two (2) posts of your classmates. All posts and responses should be researched and must include a citation using MLA format.

    All original posts should be at least 200 words. MLA format is required for formatting. All postings must be in your own words. You are not to quote the textbook for your posts. Postings will be graded according to the discussion grade criteria table located in the Content area.

    In addition to the assigned question, you should use the discussion area to share thoughts on and questions about the course work. Your instructor will be checking postings, asking questions, and responding to questions regularly. In addition to writing your own postings, please make sure you read each other’s and mine. Your instructor will post additional questions and will appreciate responses. Please remember, “Nice Post!”, “Very clearly stated!” or other phrases of that type do not constitute good responses.

    The initial posts are due on Wednesday by 11:59 p.m. CT, whereas your two (2) response posts are due on Sunday by 11:59 p.m. CT of each assigned week (except in Week 8, when responses are due on Saturday by 11:59 p.m. CT).

    Dropbox Assignments

    There are eight (8) Dropbox Assignments using the Columbia College Library Link to the Wall Street Journal (WSJ). You will conduct research on the WSJ and identify two (2) articles that apply to the week’s course material. Use the course material to provide a critical analysis of at least 350 words compared to the article that you read, including comparison and demonstration of relevance to the content. Also include real world connections, a personal experiences, or potential solutions (if it involves a problem) between the course material and your research.

    In Week 8, there is no new reading; therefore, identify any WSJ articles and relate it to any previous course material that resonated with you. For example, if you read an article about a potential move in interest rates by The Fed, you can apply that article to Chapter 2 readings, Factors That Affect Interest Rates (p. 35).  An example of a submission for this assignment is provided in the Content area of the course.

    These assignments must be submitted no later than Sunday by 11:59 p.m. CT of each assigned week (except in Week 8, when the assignment is due on Saturday by 11:59 p.m. CT).

    Literature Review

    You will submit a Literature Review during this course. This Literature Review will help you build towards the Research Paper. This Literature Review should be a summary of sources you have found regarding your topic. You will write on one (1) of the topics listed in the Content area. After selecting a topic, you will find at least five (5) scholarly reviewed articles, reports, etc. based on your topic.

    In your research of the topic you choose, you are encouraged to not only think about the historic content of the subject matter; you should also think about how historic events shaped current policy. Moreover, you are encouraged to compare any similarities to historic events and the current fiscal and monetary climate.

    After reviewing your five (5) pieces of research, you will prepare the Literature Review. You should provide an annotation of at least 250 words in length for each piece of research.

    The Literature Review should:

    • Formatted in MLA Style
    • Double-spaced
    • 12-point font

    You will find resources to help you become familiar with Literature Resources, utilizing the college’s library, and other items to help you be successful with this project. You will submit your Literature Review to the appropriate Dropbox folder no later than 11:59 pm CT on Sunday of Week 3.

    Research Paper

    As part of this course, you will submit a Research Paper over a topic you have selected. The Research Paper should be:

    • Between 7 – 10 pages not including the cover page, exhibits, and bibliography
      • Exhibits such as graphs, tables, and pictures should be in a separate section at the end of the paper, just before the bibliography.
      • Your bibliography must have at least five (5) sources.
    • Double-spaced
    • 12-point font
    • Written in MLA format

    Note: Any paper less than seven (7) pages will receive a zero.

    In your research of the topic you choose, you must not only think about the historic content of the subject matter; you will have to demonstrate how historic events shaped current policy. Moreover, you will need to compare similarities of the historic events to the current fiscal and monetary climate.

    Your paper must be in either a Word document (.doc or .docx) or Rich Text Format (.rtf) when submitted. All papers will be evaluated using Turnitin.com to determine plagiarism. Papers that are questionable or show high percentages of plagiarized materials from websites, articles, papers, etc. will be subject to receiving an automatic zero. Additional resources including plagiarism and MLA style are provided in the Content area.

    You must submit your Research Paper to the appropriate Dropbox folder no later than 11:59 pm CT on Sunday of Week 7.

    Quiz and Exams

    Quizzes

    You will have two (2) quizzes during Weeks 2 and 6 of this course. The Week 2 quiz covers chapters 1 – 5. The Week 6 quiz covers chapters 19-23. Each quiz will be comprised of 40 multiple-choice questions. You will have one (1) attempt and 60 minutes to complete each quiz.

    The quizzes will open at 12:01 am CT on Wednesday and must be submitted no later than 11:59 pm CT on Sunday of the appropriate week.

    Exams

    You will have a Midterm Exam and a Final Exam during this course. You will have one (1) attempt and 75 minutes to complete each exam. Each exam will consist of 50 multiple-choice questions.

    The Midterm Exam will open at 12:01 am CT on Wednesday of Week 5 and must be submitted no later than 11:59 pm CT on Sunday. The Midterm Exam will cover content from Weeks 1 – 4. The Final Exam will open at 12:01 am CT on Wednesday of Week 8 and must be submitted no later than 11:59 pm CT on Saturday. The Final Exam will cover content from Weeks 5 – 8.

      Course Outline

    Click on each week to view details about the activities scheduled for that week.

    Readings
    • Financial Markets and Institutions
      • Chapter 1
      • Chapter 2
      • Chapter 3
    Introductions

    Introduce yourself in the "Introductions" thread of our class discussion, our "virtual classroom". Please give us more than your name.

    Include your profession and hobbies.  Furthermore, state why you are taking this class and any other information that can help us get to know you.

    Your Initial Post is due by 11:59 pm CT on Wednesday.

    Discussion 1

    After completing this week's readings and reviewing the Instructional Materials, share your thoughts on the following: 

    The Credit Crisis of 2008 was an event that will be forever remembered, as will be the Great Depression and Savings & Loans Crisis, too. The financial markets and institutions played a huge role in the Credit Crisis. In your own words, how did the financial markets and institutions play a role in the Credit Crisis? Were you or anyone you know affected by the Credit Crisis? If so, how? Be sure to rely on sources and cite to your references in MLA format.

    Your Initial Post is due by 11:59 pm CT on Wednesday.  Your responses to at least two (2) of your classmates' posts is due by 11:59 pm CT on Sunday.

    Discussion 2

    Take the time to thoroughly review the U.S. Debt Clock website.

    With the U.S. debt steadily rising, many of the items on the U.S. Debt Clock should quickly stand out.  Identify three (3) areas you reviewed on the U.S. Debt Clock and discuss those issues in your opinion. For example, if you identified the federal pension number, you would have discussed those retirement payments are a strain on our economy.  Be thorough, creative, and use critical thought.

    Your Initial Post is due by 11:59 pm CT on Wednesday.  Your responses to at least two (2) of your classmates' posts is due by 11:59 pm CT on Sunday.

    Dropbox Assignment 1

    Using the Columbia College Library Link to the Wall Street Journal (WSJ), read and identify two (2) articles that apply to the week’s course material. Use the course material to provide a critical analysis of at least 350 words compared to the articles that you read, including comparison and demonstration of relevance to the content. Also include real world connections, personal experiences, or potential solutions (if it involves a problem) between the course material and your research. You will be graded on how well you related the course material to the WSJ article.

    For example, if you read an article about a potential move in interest rates by The Fed, you can apply that article to Chapter 2 readings, Factors That Affect Interest Rates (p. 35).  An example is provided in the Assignment Expectations section.

    You must submit your analysis no later than 11:59 pm CT on Sunday.

    Readings
    • Financial Markets and Institutions
      • Chapter 4
      • Chapter 5
    Discussion 3

    Watch the Frontline video entitled “Inside the Meltdown” (available in the Content area) for this discussion. The video discusses the Repo Market and Bear Stearns’ reliance on it.

    Answer the following questions:

    • What is the Repo Market and how was Bear Stearns impacted by it?
    • What was the impact of the near failure of Bear Stearns and the failure of Lehman Brothers on money markets?
    • What actions were taken by the Federal Reserve and the Treasury Department?
    • What was the impact of those actions?
    • Do you think those actions were justified? Why?

    Your Initial Post is due by 11:59 pm CT on Wednesday.  Your responses to at least two (2) of your classmates' posts is due by 11:59 pm CT on Sunday.

    Discussion 4

    Answer the following questions:

    • Do you think that the Fed should have bailed out large financial institutions during the credit crisis?
    • Should the Fed or Congress decide the fate of large financial institutions that are near bankruptcy?

    Your Initial Post is due by 11:59 pm CT on Wednesday.  Your responses to at least two (2) of your classmates' posts is due by 11:59 pm CT on Sunday.

    Dropbox Assignment 2

    Using the Columbia College Library Link to the Wall Street Journal (WSJ), read and identify two (2) articles that apply to the week’s course material. Use the course material to provide a critical analysis of at least 350 words compared to the articles that you read, including comparison and demonstration of relevance to the content. Also include real world connections, personal experiences, or potential solutions (if it involves a problem) between the course material and your research. You will be graded on how well you related the course material to the WSJ article.

    For example, if you read an article about a potential move in interest rates by The Fed, you can apply that article to Chapter 2 readings, Factors That Affect Interest Rates (p. 35).  An example is provided in the Assignment Expectations section.

    You must submit your analysis no later than 11:59 pm CT on Sunday.

    Quiz 1

    Quiz 1 will cover Chapters 1 - 5 and consist of 40 multiple-choice questions.  You will have 60 minutes (1 hour) and one attempt to complete the quiz.

    Your quiz must be submitted no later than 11:59 pm CT on Sunday.

    Readings
    • Financial Markets and Institutions
      • Chapter 8
      • Chapter 9
    Discussion 5

    As we have learned from the readings, there is an inverse relationship between bond prices and interest rates. Given the current economic situation and the forecast of interest rates, would you invest in bonds? Why or why not?

    Your Initial Post is due by 11:59 pm CT on Wednesday.  Your responses to at least two (2) of your classmates' posts is due by 11:59 pm CT on Sunday.

    Discussion 6

    It can be said that the mortgage market was at the center of the Credit Crisis of 2008. The emergence of subprime loans and the demand for subprime loans caused the creation of new financial products.  

    Describe how Mortgage-Backed Securities (MBS) were used throughout the Credit Crisis and compare their use then to their use today. For example, do you believe MBS’s are riskier than people thought?

    Your Initial Post is due by 11:59 pm CT on Wednesday.  Your responses to at least two (2) of your classmates' posts is due by 11:59 pm CT on Sunday.

    Dropbox Assignment 3

    Using the Columbia College Library Link to the Wall Street Journal (WSJ), read and identify two (2) articles that apply to the week’s course material. Use the course material to provide a critical analysis of at least 350 words compared to the articles that you read, including comparison and demonstration of relevance to the content. Also include real world connections, personal experiences, or potential solutions (if it involves a problem) between the course material and your research. You will be graded on how well you related the course material to the WSJ article.

    For example, if you read an article about a potential move in interest rates by The Fed, you can apply that article to Chapter 2 readings, Factors That Affect Interest Rates (p. 35).  An example is provided in the Assignment Expectations section.

    You must submit your analysis no later than 11:59 pm CT on Sunday.

    Literature Review
    For your Week 7 research paper, you will need to select a topic from the list below. Once you have selected your topic you will need to write a literature review. A literature review is simply a summary of sources. After selecting a topic, you will find at least five (5) scholarly reviewed articles, reports, etc. based on your topic. You are urged to use the Columbia College Library for your research.  Topics will be provided in the Content Area in D2L.
      

    You must review the Plagiarism Tutorial prior to submitting the Literature Review assignment.  This Dropbox folder will be locked until you have reviewed the tutorial.

    Submit your Literature Review to this Dropbox folder no later than 11:59 pm CT on Sunday.
    Readings
    • Financial Markets and Institutions
      • Chapter 17
      • Chapter 18
    Discussion 7

    The book discusses the Efficient Market Hypothesis (EMH) and its three forms. The EMH has a lot to do with information and stock prices.

    • How does information get into prices?
    • How do we know if prices reflect all available information?
    • What are abnormal returns?
    • What does the EMH have to say about abnormal returns?

    Your Initial Post is due by 11:59 pm CT on Wednesday.  Your responses to at least two (2) of your classmates' posts is due by 11:59 pm CT on Sunday.

    Discussion 8

    We all remember the story about Martha Stewart, who was accused of insider trading.  If not, take a moment to research this incident, then answer the following:

    • Why is it illegal to trade stocks based on inside information?
    • Other than Martha Stewart, provide an example of someone who was trading stocks on inside information.

    Your Initial Post is due by 11:59 pm CT on Wednesday.  Your responses to at least two (2) of your classmates' posts is due by 11:59 pm CT on Sunday.

    Dropbox Assignment 4

    Using the Columbia College Library Link to the Wall Street Journal (WSJ), read and identify two (2) articles that apply to the week’s course material. Use the course material to provide a critical analysis of at least 350 words compared to the articles that you read, including comparison and demonstration of relevance to the content. Also include real world connections, personal experiences, or potential solutions (if it involves a problem) between the course material and your research. You will be graded on how well you related the course material to the WSJ article.

    For example, if you read an article about a potential move in interest rates by The Fed, you can apply that article to Chapter 2 readings, Factors That Affect Interest Rates (p. 35).  An example is provided in the Assignment Expectations section.

    You must submit your analysis no later than 11:59 pm CT on Sunday.

    Midterm

    The Midterm Exam will cover content from Weeks 1 - 4 and will consist of 50 multiple-choice questions.  You will have 75 minutes and one (1) attempt to complete the exam.

    The Midterm Exam must be submitted no later than 11:59 pm CT on Sunday.

    Readings
    • Financial Markets and Institutions
      • Chapter 19
      • Chapter 20
    Discussion 9

    Answer the following questions:

    • What is the TED Spread, and what happened to it just after Lehman Brothers collapsed?
    • What does the TED Spread indicate about sources of funds for commercial banks?
    • Does the condition of the TED Spread after the Lehman Brothers collapse give you any indication of issues within the economy in general, and in commercial banking specifically?

    Your Initial Post is due by 11:59 pm CT on Wednesday.  Your responses to at least two (2) of your classmates' posts is due by 11:59 pm CT on Sunday.

    Discussion 10

    The Glass-Steagall Act of 1933 was passed in response to the perception that commercial bank engagement in securities trading was a significant contributing factor to the stock market crash of 1929.

    Whether that perception is true or not is subject to debate.  The Gramm-Leach-Bliley Act of 1999 basically repealed the Glass-Steagall Act. There has been some suggestion that the Gramm-Leach-Bliley Act was a significant contributing factor to the liquidity crisis in 2008 and the recession that followed.

    Do you think that the Gramm-Leach-Bliley Act contributed to the liquidity crisis? Why or why not?

    Your Initial Post is due by 11:59 pm CT on Wednesday.  Your responses to at least two (2) of your classmates' posts is due by 11:59 pm CT on Sunday.

    Dropbox Assignment 5

    Using the Columbia College Library Link to the Wall Street Journal (WSJ), read and identify two (2) articles that apply to the week’s course material. Use the course material to provide a critical analysis of at least 350 words compared to the articles that you read, including comparison and demonstration of relevance to the content. Also include real world connections, personal experiences, or potential solutions (if it involves a problem) between the course material and your research. You will be graded on how well you related the course material to the WSJ article.

    For example, if you read an article about a potential move in interest rates by The Fed, you can apply that article to Chapter 2 readings, Factors That Affect Interest Rates (p. 35).  An example is provided in the Assignment Expectations section.

    You must submit your analysis no later than 11:59 pm CT on Sunday.

    Readings
    • Financial Markets and Institutions
      • Chapter 21
      • Chapter 22
      • Chapter 23
    Discussion 11

    Now with a better working knowledge of mutual funds and exchange traded funds, it’s your chance to create your own mutual fund or exchange traded fund. Using various financial websites (i.e., Yahoo Finance, Google Finance, etc.), design your own mutual fund or exchange traded fund.

    In your fund, pick at least five (5) investments that will make up your fund. Importantly, please identify the reason(s) you are picking each investment. For example, in short, I would pick Live Nation (NYSE: LYV) because it owns Ticketmaster, and I believe discretionary income for concerts is on the rise. Be thorough in your analysis.

    Your Initial Post is due by 11:59 pm CT on Wednesday.  Your responses to at least two (2) of your classmates' posts is due by 11:59 pm CT on Sunday.

    Discussion 12

    The book discusses Defined Benefit and Defined Contribution Pension plans (401k & 403b) and says that there are more Defined Contribution plans than Defined Benefit plans, but that there are more participants in Defined Benefit plans. This is a relatively recent (over the last 20 years) phenomenon. Companies have been moving away from Defined Benefit plans in favor of Defined Contribution plans.

    Why has this shift been taking place? Why do you think that there are more participants in Defined Benefit plans?

    Your Initial Post is due by 11:59 pm CT on Wednesday.  Your responses to at least two (2) of your classmates' posts is due by 11:59 pm CT on Sunday.

    Dropbox Assignment 6

    Using the Columbia College Library Link to the Wall Street Journal (WSJ), read and identify two (2) articles that apply to the week’s course material. Use the course material to provide a critical analysis of at least 350 words compared to the articles that you read, including comparison and demonstration of relevance to the content. Also include real world connections, personal experiences, or potential solutions (if it involves a problem) between the course material and your research. You will be graded on how well you related the course material to the WSJ article.

    For example, if you read an article about a potential move in interest rates by The Fed, you can apply that article to Chapter 2 readings, Factors That Affect Interest Rates (p. 35).  An example is provided in the Assignment Expectations section.

    You must submit your analysis no later than 11:59 pm CT on Sunday.

    Quiz 2

    Quiz 2 will cover Chapters 19 - 23 and consist of 40 multiple-choice questions.  You will have 60 minutes (1 hour) and one attempt to complete the quiz.

    Your quiz must be submitted no later than 11:59 pm CT on Sunday.

    Course Evaluation
    Please evaluate the course. You will have an opportunity to evaluate the course near the end of the session. A link sent to your CougarMail will allow you to access the evaluation. Please note that these evaluations are provided so that I can improve the course, find out what students perceive to be its strengths and weaknesses, and in general assess the success of the course. Please do take the time to fill this out.
    Readings
    • Financial Markets and Institutions
      • Chapter 24
      • Chapter 25
    Discussion 13

    Now that you have a better understanding of the underwriting process and the best-efforts offering, conduct research on a company that recently filed for an Initial Public Offering (IPO). Now, summarize that company’s underwriting process, to include its Underwriter and its current status.

    Your Initial Post is due by 11:59 pm CT on Wednesday.  Your responses to at least two (2) of your classmates' posts is due by 11:59 pm CT on Sunday.

    Discussion 14

    What are the main assets of life insurance companies? What are the main categories? What is the main use of funds by life insurance companies? How do life insurance companies make money?

    Your Initial Post is due by 11:59 pm CT on Wednesday.  Your responses to at least two (2) of your classmates' posts is due by 11:59 pm CT on Sunday.

    Dropbox Assignment 7

    Using the Columbia College Library Link to the Wall Street Journal (WSJ), read and identify two (2) articles that apply to the week’s course material. Use the course material to provide a critical analysis of at least 350 words compared to the articles that you read, including comparison and demonstration of relevance to the content. Also include real world connections, personal experiences, or potential solutions (if it involves a problem) between the course material and your research. You will be graded on how well you related the course material to the WSJ article.

    For example, if you read an article about a potential move in interest rates by The Fed, you can apply that article to Chapter 2 readings, Factors That Affect Interest Rates (p. 35).  An example is provided in the Assignment Expectations section.

    You must submit your analysis no later than 11:59 pm CT on Sunday.

    Research Paper

    The Research Paper should be 7-10 pages, double-spaced, and written in MLA style. A paper shorter than 7 full pages will receive “0%”.  This is to be 7-10 full pages of written work – not including title pages, exhibits, and bibliography. Exhibits such as graphs, tables, and pictures should be in a separate section at the end of the paper, just before the bibliography.  In your research of the topic you choose, you must not only think about the historic content of the subject matter; you will have to demonstrate how historic events shaped current policy. Moreover, you will need to compare similarities of the historic events to the current fiscal and monetary climate.

    You are required to cite at least five (5) sources.  You may not use Wikipedia or your textbook as a source! The paper will be graded according to the criteria listed on the Rubric in the content area.  If you are unsure what a research paper entails, you are invited to check out the Purdue University Online Writing Project for guidance.

    The Research Paper, worth 200 points, is due on Sunday by 11:59 pm CT of Week 7.  You will submit the paper to this Dropbox as either a Word document or a Rich Text Format (RTF) document, on or before the due date.

    Readings
    • Financial Markets and Institutions
      • Review all readings and materials
    Discussion 15

    Discuss two areas or specific items covered in this course that you can foresee going through radical change over the next 10 years. Provide a detailed rationale for each of your selections. 

    Your Initial Post is due by 11:59 pm CT on Wednesday.  Your responses to at least two (2) of your classmates' posts is due by 11:59 pm CT on Saturday.

    Discussion 16

    Considering the two areas or items you identified in the previous discussion, anticipate how you might stay atop of the topics covered in this course after completion of your education. 

    Your Initial Post is due by 11:59 pm CT on Wednesday.  Your responses to at least two (2) of your classmates' posts is due by 11:59 pm CT on Saturday.

    Dropbox Assignment 8

    Using the Columbia College Library Link to the Wall Street Journal (WSJ), read and identify two (2) articles that apply to the week’s course material. Use the course material to provide a critical analysis of at least 350 words compared to the articles that you read, including comparison and demonstration of relevance to the content. Also include real world connections, personal experiences, or potential solutions (if it involves a problem) between the course material and your research. You will be graded on how well you related the course material to the WSJ article.

    For example, if you read an article about a potential move in interest rates by The Fed, you can apply that article to Chapter 2 readings, Factors That Affect Interest Rates (p. 35).  An example is provided in the Assignment Expectations section.

    You must submit your analysis no later than 11:59 pm CT on Saturday.

    Final Exam

    The Final Exam will cover content from Weeks 5 - 8 and will consist of 50 multiple-choice questions.  You will have 75 minutes and one (1) attempt to complete the exam.

    The Final Exam must be submitted no later than 11:59 pm CT on Saturday.

      Course Policies

    Student Conduct

    All Columbia College students, whether enrolled in a land-based or online course, are responsible for behaving in a manner consistent with Columbia College's Student Conduct Code and Acceptable Use Policy. Students violating these policies will be referred to the office of Student Affairs and/or the office of Academic Affairs for possible disciplinary action. The Student Code of Conduct and the Computer Use Policy for students can be found in the Columbia College Student Handbook. The Handbook is available online; you can also obtain a copy by calling the Student Affairs office (Campus Life) at 573-875-7400. The teacher maintains the right to manage a positive learning environment, and all students must adhere to the conventions of online etiquette.

    Plagiarism and Academic Integrity

    Academic integrity is a cumulative process that begins with the first college learning opportunity. Students are responsible for knowing the Academic Integrity policy and procedures and may not use ignorance of either as an excuse for academic misconduct. Columbia College recognizes that the vast majority of students at Columbia College maintain high ethical academic standards; however, failure to abide by the prohibitions listed herein is considered academic misconduct and may result in disciplinary action, a failing grade on the assignment, and/or a grade of "F" for the course.

    Additionally, all required papers may be submitted for textual similarity review to Turnitin.com for the detection of plagiarism. All submitted papers may be included in the Turnitin.com reference database for the purpose of detecting plagiarism. This service is subject to the Terms and Conditions of Use posted on the Turnitin.com site.

    Non-Discrimination

    There will be no discrimination on the basis of sex, race, color, national origin, sexual orientation, religion, ideology, political affiliation, veteran status, age, physical handicap, or marital status.

    Student Accessibility Resources

    Columbia College is committed to creating a learning environment that meets the needs of its diverse student body. If you anticipate or experience any barriers to learning, communicate your concerns with the instructor. In addition to speaking with the instructor, the following resources are available to ensure an opportunity to learn in an inclusive environment that values mutual respect.

    • For students with disabilities/conditions who are experiencing barriers to learning or assessment, contact the Student Accessibility Resources office at (573) 875-7626 or sar@ccis.edu to discuss a range of options to removing barriers in the course, including accommodations.
    • For students who are experiencing conflict which is impacting their educational environment, contact the Office of Student Conduct at studentconduct@ccis.edu or (573) 875-7877.
    • For students who have concerns related to discrimination or harassment based on sex, gender identity, sexual orientation, pregnancy or parental status, please contact the Title IX Office at titleixcoordinator@ccis.edu. More information can be found at http://www.ccis.edu/policies/notice-of-non-discrimination-and-equal-opportunity.aspx

    Online Participation

    You are expected to read the assigned texts and participate in the discussions and other course activities each week. Assignments should be posted by the due dates stated on the grading schedule in your syllabus. If an emergency arises that prevents you from participating in class, please let your instructor know as soon as possible.

    Attendance Policy

    Attendance for a week will be counted as having submitted any assigned activity for which points are earned. Attendance for the week is based upon the date work is submitted. A class week is defined as the period of time between Monday and Sunday (except for week 8, when the work and the course will end on Saturday at midnight.) The course and system deadlines are based on the Central Time Zone.

    Cougar Email

    All students are provided a CougarMail account when they enroll in classes at Columbia College. You are responsible for monitoring email from that account for important messages from the College and from your instructor. You may forward your Cougar email account to another account; however, the College cannot be held responsible for breaches in security or service interruptions with other email providers.

    Students should use email for private messages to the instructor and other students. The class discussions are for public messages so the class members can each see what others have to say about any given topic and respond.

    Late Assignment Policy

    An online class requires regular participation and a commitment to your instructor and your classmates to regularly engage in the reading, discussion and writing assignments. Although most of the online communication for this course is asynchronous, you must be able to commit to the schedule of work for the class for the next eight weeks. You must keep up with the schedule of reading and writing to successfully complete the class.

    No late discussion posts will be accepted.

    If you anticipate issues or a situation arises, please contact me immediately. Late work, if approved, may be subject to a penalty. The Late Policy for each type of assignment in the course is as follows:

    • Dropbox Assignments: Exercises and problems from the text should be completed on time. Late submissions may be approved with a 10% penalty per day. Week 8 assignments will not be accepted late.
    • Essay and Research Paper: The Essay and Research paper should be completed on time. Late submissions may be approved with a 10% penalty per day.
    • Midterm and Final Exams: Will not be accepted late.

    Course Evaluation

    You will have an opportunity to evaluate the course near the end of the session. A link will be sent to your CougarMail that will allow you to access the evaluation. Be assured that the evaluations are anonymous and that your instructor will not be able to see them until after final grades are submitted.

      Additional Resources

    Orientation for New Students

    This course is offered online, using course management software provided by Desire2Learn and Columbia College. The course user guide provides details about taking an online course at Columbia College. You may also want to visit the course demonstration to view a sample course before this one opens.

    Technical Support

    If you have problems accessing the course or posting your assignments, contact your instructor, the Columbia College Technology Solutions Center, or the D2L Helpdesk for assistance. If you have technical problems with the VitalSource eText reader, please contact VitalSource. Contact information is also available within the online course environment.

    Online Tutoring

    Smarthinking is a free online tutoring service available to all Columbia College students. Smarthinking provides real-time online tutoring and homework help for Math, English, and Writing. Smarthinking also provides access to live tutorials in writing and math, as well as a full range of study resources, including writing manuals, sample problems, and study skills manuals. You can access the service from wherever you have a connection to the Internet. I encourage you to take advantage of this free service provided by the college.

    Access Smarthinking through CougarTrack under Students -> Academics -> Academic Resources.