UNIVERSITY OF TECHNOLOGY, JAMAICA

COLLEGE OF BUSINESS AND MANAGEMENT

SCHOOL OF BUSINESS ADMINISTRATION
Financial Markets And Institutions (FIN3017)
Course Outline Semester 1 2015-16
Programme:

Bachelor in Business Administration Banking & Finance

Group:

BBA3 / BBA4

Course Title:

Financial Markets and Institutions FIN 3017

Duration:

45 Hours

Credit Value:
Prerequisites:

Three (3)
Introduction to Microeconomics (Eco1001); Introduction to
Macroeconomics (Eco2001);

Lecturer & Tutor:

Miss. Carrol Ann Barnes, email cbarnes@utech.edu.jm

Ms Karlene Bailey

1.

MODULE DESCRIPTION
The Financial Markets and Institutions module is designed to provide students
with a working knowledge of the general structure and operations of financial
markets (such as those for bonds, stocks, and foreign exchange) and financial
institutions (banks, insurance companies, mutual funds, pension funds and other
institutions).

2.

MODULE OBJECTIVES/LEARNING OUTCOMES

At the end of the course, students should be able to:
1. Understand the fundamentals of the operations of financial market and
financial institutions.
2. Evaluate the role that Central Banks play in financial markets and the overall
economy
3. Analyze strategies the Central bank uses for conducting monetary policy
4. Appreciate monetary and financial systems principles and practices for
practitioners in the financial services
5. Identify major economic and other factors influencing the determination of
interest and exchange rates, monetary policy, corporate and private sector
finances.

3.

TOPICS
1. Introduction and overview of the financial system
2. Fundamentals of financial markets
3. Central banking and the conduct of monetary policy
4. Financial markets
5. Fundamentals of financial institutions
6. The financial institutions industry

4. ENROLMENT KEY:

RATES

5. LECTURE SCHEDULE:
Week Dates
Topics

Readings

August 24

Chapters 1,2

August 31

September 7

Unit 1 Introduction and overview of

the financial system
Unit 2 Fundamentals of financial
markets
Unit 2 (contd)

September 14

Chapters 7,8

September 21

Unit 3 - Central banking and the

conduct of monetary policy
Unit 4 - Financial markets

September 28

October 5

Unit 4 (contd)

October 12

Unit 4 (contd)

October 19

10

October 26

11

November 2

Unit 5 Fundamentals of financial

institutions
Unit 6 The financial institutions
industry
TEST 2

12

November 9

Unit 6 (contd)

13

November 16

Unit 6 (contd)s

TEST 1 (Units 1,2)

Chapters 3,5
Chapters 3,5

Chapters
9,10,11
Chapters
1,2,3,5
Chapters
9,10,11
Chapters 9,
10, 11
Chapter 15
Chapters
17 - 23
Chapters
7, 8 - 11
Chapters
18 - 23
Chapters
18 - 23

6. LEARNING AND TEACHING APPROACHES

UNIT
Units 1-6

APPROACH
Interactive Lectures

Units 1-6

Problem Sets

Unit 2, 6

Case Studies

AIM
The purpose of the lectures is to transmit
information which enhances reading, promote
understanding via explanations and create or
engage interest in new areas. Lectures will be
interactive. Students are therefore asked to
read the relevant material prior to attending
each lecture in order to enhance the quality of
the discussions.
These problems are developed to promote
understanding and comfort with concepts,
theories and methods. Students are asked to
attempt independent solutions to the problems
set before tutorials and to use the tutorial time
to clarify and cement an understanding
This allows students to become active
participants in their learning and to relate
knowledge to real world situations. Case
analysis will be done during the tutorials and
students are asked to read and prepare as
much as possible beforehand.

7. ASSESSMENT PROCEDURES
Type
Date
Topic Length
s
Test 1

Week #6

1&2

1 hour

Test 2

Week#1
1
All
Weeks

3 &4

1 hour

Dec.
2015

16

Class

Participatio
n
Final Exam

Format

Weight(%
)

Multiple choice questions

and short essays
Multiple choice questions
and short essays

20

1-6

20
10

2 hours

Multiple choice
questions and short
essays

Total

50
100

8. TEXTBOOK AND REFERENCES:

Required Text
Mishkin, F.S. and Eakins, S.G. (2015). Financial Markets & Institutions. 8th
Edition. Pearson
Recommended Reading & References
Madura, J. (2015). Financial Institutions and Markets. 11th Edition. Cengage
Learning.
Mishkin, F. S. (2015). The Economics of Money, Banking, and Financial Markets
10th Edition. Pearson
Valdez, S. and Molyneux, P. (2013). An introduction to Global Financial markets.
7th Edition. Palgrave Macmillan
Relevant Journals articles, Jamaica Daily Gleaner and Daily Observer
All lecture notes and tutorial materials will be posted on Moodle.