FIN644 Syllabus Fall 2014 1

Topics: Monetary policy, Federal Reserve System, Central bank Pages: 7 (2290 words) Published: November 8, 2014
Lubin School of Business
Pace University
Fall 2014

Course Information

FIN 644 - Money and Capital Markets

Instructor Information

Arthur L. Centonze, PhD
Telephone: 212-618-6566
Email: acentonze@pace.edu
Office: W- 443
Office Hours: Monday 4:30-5:30 WPGC; Wednesday 10:00-1:00; 4:30-5:30 NYC

Required Materials

Mishkin, Frederic, Economics of Money, Banking, and Financial Markets; Business School Edition; 3rd ed., Pearson, 2013. ISBN: 0132961970

Relevant articles are assigned in the course outline that follows. They may be accessed through institutional websites and the Pace University Library.

Students are expected to read the assigned materials prior to class. Class discussion will usually cover the most challenging concepts and issues, and serve to reinforce and extend the material in the readings.

You are expected to remain current on business, finance, and economic developments by reading relevant articles in newspapers such as The Wall Street Journal, New York Times and Financial Times, and weekly magazines such as Business Week and the Economist. Watch CNBC. You are also encouraged to bring up relevant current events and issues for class discussion.

Recommended Reading

The Federal Reserve Bank of New York has a number of free publications that explain the structure and functions of the Federal Reserve System and the economic concepts relevant to its work. For example: The Federal Reserve System: Purposes and Functions, Board of Governors, 9th Edition, June, 2005; and The International Journal of Central Banking. Other free web sources for economic data and research articles are listed elsewhere in this syllabus.

Course Description

Studies the flow of funds in the short-term and long-term financial markets. Sources and uses of funds, interest rate theory, the role of the Federal Reserve System and the U.S. Treasury are studied to provide the background for interpretations of current developments.

Course Overview

The economic and financial principles covered in this course are essential to understanding financial markets and institutions and the role of central banking and monetary policy, domestically and internationally. The course is designed to provide masters level students with the economic and financial tools and conceptual framework to better understand and analyze the structure of financial systems, and the government policy environment in which financial systems operate. Students are encouraged to consider the effects of the financial system on society at large and on business investment decisions in particular. The course develops the theoretical and policy framework useful to the study of advanced topics in finance and banking.

Learning Objectives

1. Understand money; interest rates; financial instruments, markets and institutions; and central banking.
2. Understand and evaluate the implications of monetary policies on the financial system and the real economy, both domestically and globally.
3. Acquire skill in applying relevant financial theories, concepts and tools to business situations in dynamic market environments, both domestically and globally. 4. Enhance your ability to research, analyze, debate, decide and communicate complex issues. 5. Enhance your ability to work successfully in teams.

Teaching/Course Methodology

This is a lecture course with some interactive work. It combines lectures with readings, class discussions, problem solving, and group presentations. Questions and thoughtful comments are encouraged in order to enliven the material and to benefit from the experience and collective insight of the students in the class.

Students are encouraged to communicate with me through office visits, email and telephone.

Students are expected to attend each class. If you absolutely...
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