financial institutions and markets fin 304 dr. andrew l. h. parkes a practical and hands on course...
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Financial Institutions and Markets3 Lectures and Practice Problems Lectures: 2 to 4 hours per week I will introduce the new material to you. Lectures: 2 to 4 hours per week I will introduce the new material to you. Practice Problems: We will do assignments from my slides and from the textbook. Practice Problems: We will do assignments from my slides and from the textbook. You will have to prepare assignments for every class; there is NO class without homework. You will have to prepare assignments for every class; there is NO class without homework. You will do all of your own work during the course. Copied assignments will be given 0 marks. You will do all of your own work during the course. Copied assignments will be given 0 marks. Notice you must have access to WSJ, FT (also investopedia.com – Forbes, etc.). Notice you must have access to WSJ, FT (also investopedia.com – Forbes, etc.). Keep up to date with Finance related issuesTRANSCRIPT
Financial Institutions Financial Institutions and Marketsand Markets
FIN 304FIN 304
Dr. Andrew L. H. ParkesDr. Andrew L. H. Parkes““A practical and hands on course on the valuation A practical and hands on course on the valuation
and financial management of corporations”and financial management of corporations”
卜安吉卜安吉
Financial Institutions and MarketsFinancial Institutions and Markets 22
Syllabus and Our CourseSyllabus and Our Course The syllabus provides an The syllabus provides an
outline of what we will do outline of what we will do this semester: Chapter 2, this semester: Chapter 2, 9 – 12, 16, 17, 19 and 20, 9 – 12, 16, 17, 19 and 20, as well as Chapters 22-24 as well as Chapters 22-24 of the textbook.of the textbook.
This week we will talk This week we will talk about Chapters 1 and 2; about Chapters 1 and 2; An Overview of the An Overview of the Financial System.Financial System.
The required textbook
Financial Institutions and MarketsFinancial Institutions and Markets 33
Lectures and Practice Lectures and Practice ProblemsProblems
Lectures:Lectures: 2 to 4 hours per week I 2 to 4 hours per week I will introduce the new material to will introduce the new material to you.you.
Practice Problems:Practice Problems: We will do We will do assignments from my slides and assignments from my slides and from the textbook.from the textbook.
You will have to prepare assignments for You will have to prepare assignments for every class; there is NO class every class; there is NO class without without homework. homework.
You will do You will do all of your own workall of your own work during during the course. the course. Copied assignments will be Copied assignments will be given 0 marks.given 0 marks.
Notice you must have access to WSJ, FT Notice you must have access to WSJ, FT (also investopedia.com – Forbes, etc.).(also investopedia.com – Forbes, etc.).
Keep up to date withFinance related issues
Financial Institutions and MarketsFinancial Institutions and Markets 44
GradingGrading
Mid-term test - 20%Mid-term test - 20% Final ExamFinal Exam - 40% - 40% Homework Homework - 20% - 20% QuizzesQuizzes - 20% - 20% Total Total - 100% - 100%
Financial Institutions and MarketsFinancial Institutions and Markets 55
Financial Institutions and Financial Institutions and Markets (Ch. 1)Markets (Ch. 1)
Financial Management Financial Management IS required for this IS required for this course!course!
Definitions: Markets, Definitions: Markets, Security, Assets, Security, Assets, Bond, Interest rate, Bond, Interest rate, Stock, Foreign Stock, Foreign Exchange Market Exchange Market (rate) …(rate) …
Financial Institutions and MarketsFinancial Institutions and Markets 66
SEE MY WEBSITE: SEE MY WEBSITE: andrewparkes.comandrewparkes.com
1.1. Often and Often and regularlyregularly
2.2. Kept ahead of Kept ahead of classclass
3.3. Links and PPT Links and PPT 4.4. Other informationOther information
Like this =>Like this =>Total Public Debt Outstanding
$ 9,139,880,193,861.94 11/29/2007
Financial Institutions and MarketsFinancial Institutions and Markets 77
Yuan trades at what rate Yuan trades at what rate today?today?
See my website for an article!See my website for an article! Three Goals of any Three Goals of any
MACROECONOMYMACROECONOMY– Full Employment – Unemployment Full Employment – Unemployment
RateRate– Economic Growth – REAL GDPEconomic Growth – REAL GDP– Price Stability - CPIPrice Stability - CPI– KNOW what real GDP and CPI meanKNOW what real GDP and CPI mean– Quiz next class!!! – 5 ptsQuiz next class!!! – 5 pts
Financial Institutions and MarketsFinancial Institutions and Markets 88
U. S. Real GDP 2000 - 2007U. S. Real GDP 2000 - 2007
Grow at 5% or did it?
Financial Institutions and MarketsFinancial Institutions and Markets 99
Prices of Gross Domestic Prices of Gross Domestic Purchases 2000 - 2007Purchases 2000 - 2007
Financial Institutions and MarketsFinancial Institutions and Markets 1010
KNOW WHO THE FED IS!?!KNOW WHO THE FED IS!?!
See my website if you need more info See my website if you need more info ……– PPT from week 2 or 3 IntroPPT from week 2 or 3 Intro– U.S. Macroeconomic SitesU.S. Macroeconomic Sites
People’s Bank of ChinaPeople’s Bank of China– Website is available from mineWebsite is available from mine– Know who they are and what they do!Know who they are and what they do!– These are the most important financial These are the most important financial
institutions in this class!institutions in this class!
Financial Institutions and MarketsFinancial Institutions and Markets 1111
Problem Set 1: CPI and GDP Problem Set 1: CPI and GDP deflatordeflator
Calculation of Price IndicesCalculation of Price Indices– PaachePaache– LaspeyersLaspeyers
Easy for you, eh?Easy for you, eh?