Northeastern State University

College of Business and Technology

Department of Finance

INSTRUCTOR:

Dr. Michael F. Toyne Office: PA 109

Office Hours: MWF 9:00 - 10:00, MW 11:00 - 12:00, W 4:30 – 5:30, TTh 11:00 - 12:00.

Telephone: (918) 456-5511 ext. 2908 FAX: (918) 458-2337

E-mail: toyne@nsuok.edu Personal web page: http//arapaho.nsuok.edu/~toyne

COURSE TITLE AND NUMBER: CLASS DAYS AND TIME

FIN 4233 - Securities Markets MWF 11:00 – 11:50

PREREQUISITES:

FIN 3213 – Principles of Finance

CATALOG DESCRIPTION OF COURSE:

Study of financial markets and institutions. The course covers the nature, functions, structure, and regulation of financial markets in the U.S. and internationally. Topics include: equity markets (stocks and mutual funds), debt markets, (corporate and municipal), and the institutions operating in those markets.

EXPECTED COURSE OUTCOMES:

Students completing the course should have

1. Acquired a working knowledge of the operation of financial markets.

2. Acquired a working knowledge of the determinants of interest rates.

3. Acquired a working knowledge of the operation of financial institutions, especially the Federal Reserve and the U.S. Treasury.

4. Acquired a working knowledge of the instruments traded in equity and debt markets and the dynamics of those markets.

INSTRUCTIONAL MATERIALS:

1. Foundations of Financial Markets and Institutions by Fabozzi et. al., 3^th ed., Prentice Hall.

2. A Financial Calculator.

3. Copies of transparencies used in class may be downloaded from the student I drive.

Tentative Course Content - Fall 2007

Ch. 1 - Introduction (Parts)

Ch. 2 - Financial Intermediaries and Financial Innovation (Parts)

Ch. 3 - The Role of Government in Financial Markets

Ch. 4 - Depository Institutions: Activities and Characteristics

Ch. 7 - Insurance Companies

Ch. 8 - Investment Companies and Exchange Traded Funds

Ch. 9 - Pension Funds

Exam 1

Ch. 10 - Properties and Pricing of Financial Assets (Parts)

Ch. 11 - The Level and Structure of Interest Rates (Parts)

Ch. 12 - The Term Structure of Interest Rates (Parts)

Ch. 13 - Risk Return and Asset Pricing Models (Parts)

Ch. 14 - Primary Markets and the Underwriting of Securities

Ch. 15 - Secondary Markets

Exam 2

Ch. 16 - Treasury and Agency Securities Markets

Ch. 17 - Municipal Securities Markets

Ch. 18 - Common Stock Markets in the United States (Parts)

Ch. 19 - International Stock Markets

Ch. 20 - Markets for Corporate Senior Instruments I

Ch. 21 - Markets for Corporate Senior Instruments II

Exam 3

Ch. 22 - The Market for Bank Obligations

Ch. 23 - The Mortgage Market

Ch. 24 - Mortgage-Backed Securities Market (Non-Boring Parts)

Ch. 25 - Asset-Backed Securities Markets

Ch. 26 - Financial Futures Markets (a few Parts)

Ch. 27 - Options Markets (a few Parts)

Ch. 30 - Other Derivatives Markets

Exam 4 - December 10, 11:00 - 12:50

STUDENT PERFORMANCE ACTIVITIES:

Attendance:

Students desiring to receive the maximum benefit from the course should attend class regularly. A seating chart will be used and attendance will be monitored. If a student misses more than 6 classes a grade of F will be assigned.

Additional Notes:

If a student elects to drop the course after November 6^th, a designation of withdrawn passing (W) will only be assigned if all course requirements up to the official date of withdrawal have been completed and your average test scores are equal to or greater than 60% of available points. If you choose to drop the course be sure to follow university procedures to officially drop the course. This is not done through the instructor. It requires a trip to the basement of the Administration Building.

STUDENT EVALUATION: - Four exams (100 points each)

- Homework problems

- Class discussions

If a student misses an exam, it will be made up during the final exam period. Students must take the final exam. Letter grades will be awarded using the following schedule

360 - 400 A

320 - 359 B

280 - 319 C

240 - 279 D

In order to respect the privacy of student information, grades will not be disclosed or discussed via the internet or over the phone. Students wishing to receive final grade information in advance of the University’s normal grade report must present, in person, a self addressed card or envelope with postage to the instructor prior to the end of the course.

AMERICANS WITH DISABILITIES ACT COMPLIANCE:

If any member of the class feels that they have a disability and needs special accommodations of any nature, the instructor will work with you and the University Office of Student Affairs to provide reasonable accommodations to ensure that you have a fair opportunity to perform in this class. Please advise the instructor of such a disability and the desired accommodations at the first class.

INCLEMENT WEATHER POLICY:

The following are basic premises for the inclement weather policy at Northeastern State University:

1. Classes are expected to be held if at all possible.

2. It is the student’s responsibility to receive the information when weather is questionable.

3. Neither students nor faculty are expected to risk life or limb.

4. Faculty members are obligated to hold classes if the University if not closed, unless the faculty member is unable to get to campus.

Policy:

During times of inclement weather, decisions concerning day classes will be made by 6:00 a.m. in order for the media to be notified and for students to receive the announcement before they leave home. Decisions concerning night classes will be made by 3:00 p.m. The following media will be notified regarding closing of the campus:

Radio Station: Television Station:

KRMG 740 AM Tulsa KJRH Channel 2 Tulsa

KAYI 107 FM Tulsa KOTV Channel 6 Tulsa

KTLQ 1350 AM Tahlequah KTUL Channel 8 Tulsa

KEOK 102 FM Tahlequah KFSM Channel 5 Fort Smith

KBIX 1490 AM Muskogee Cable Channel 96 Tahlequah

KMMY 97 FM Muskogee

KVOO 1170 AM Tulsa

The automated attendant message on (918) 456-5511 will be modified to include information concerning campus operations during inclement weather.