COURSE INFORMATION Course Title: FINANCIAL INSTITUTIONS AND MARKETS

Code	Course Type	Regular Semester	Theory	Practice	Lab	Credits	ECTS
BAF 321	B	5	4	0	0	4	5

Academic staff member responsible for the design of the course syllabus (name, surname, academic title/scientific degree, email address and signature)	NA
Lecturer (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	Erjon Gjoçi , - Tuesdays 9am - 11am or email for appointments
Second Lecturer(s) (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	Nertil Mera
Teaching Assistant(s) and Office Hours:	NA
Language:	English
Compulsory/Elective:	Compulsory
Classroom and Meeting Time:	Monday > E214 at 13:30 - 17:15 & Tuesdays > E214 at 14:30 - 16:15
Course Description:	BAF 321- Financial Institutions and Markets: This course is about the financial institutions, markets, and instruments that compose today's global financial markets and the risks associated with them. Students will gain a thorough understanding of how financial institutions are managed, how funds are raised, how financial instruments are priced, how risks are managed, and why financial institutions and markets are prone to failure.
Course Objectives:	This course is intended to help you understand the role of financial institutions and markets play in the business environment that you will face in the future. It also helps you to develop a series of applications of principles from finance and economics that explore the connection between financial markets, financial institutions and the economy. On the financial markets side, we will learn the term structure of interest rates, stocks, principals of derivatives, and currencies. On the institutions side, we will learn commercial banks, investment banks, insurance companies, mutual funds, the Federal Reserve Systems and their role of in the economy

COURSE OUTLINE

Week	Topics
1	Introduction & Syllabus
2	Ch. 1 - Why study financial markets and Institutions & Ch. 2 - Overview of the financial system
3	Ch. 3 - Interest Rates & Ch. 4 - Why do interest rates change
4	Ch. 5 - Risk and Term Structure & Ch. 6 - Are financial markets efficient
5	Ch. 7 - Financial Institutions & Ch. 8 - Financial Crises
6	Ch. 11 - Money Market & Ch. 12. - Bond Market
7	Ch. 13 - Stock Market & Review
8	Midterm
9	Review & Ch. 9 - Central Bank
10	Ch. 10 - Conduct of monetary policy
11	Ch. 20 - The Mutual Fund Industry
12	Ch. 21 - Insurance & Pension Funds
13	Ch. 22 - Investment Banking, Broker & Dealers
14	Presentations and Course Review

Prerequisite(s):
Textbook:	Financial Markets and Institutions ~ Mishkin & Eakins
Other References:
Laboratory Work:
Computer Usage:
Others:	No

COURSE LEARNING OUTCOMES

1	discuss theories that underneath the term structure of interest rates
2	discuss efficient market hypothesis related to stock pricing
3	understand a stylized bank’s balance sheet and discuss how risks are managed in banks
4	discuss facts of the insurance business, mutual funds and investment banks
5	grasp the basic features of options and futures and understand how financial institutions use them for risk management
6	discuss the main functions of the Fed and tools they use to affect the economy
7	know how currency value is determined the short run and long run

COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES (Blank : no contribution, 1: least contribution ... 5: highest contribution)

No	Program Competencies	Cont.
Bachelor in International Marketing and Logistics Management (3 years) Program
1	Identify activities, tasks, and skills in management, marketing, accounting, finance, and economics.	3
2	Apply key theories to practical problems within the global business context.	3
3	Demonstrate ethical, social, and legal responsibilities in organizations.	3
4	Develop an open minded-attitude through continuous learning and team-work.	3
5	Use technology to enable business growth and sustainability.	3
6	Synthesize creativity needed for marketing notion with scientific method and numerical skills, for achieving business sustainability.	3
7	Apply the concepts and structures of modern marketing in global context at private and public sectors.	3
8	Integrate the management of logistics, supply chain and in total operations with corporate goals and strategies.	3

COURSE EVALUATION METHOD

Method	Quantity	Percentage
Homework	2	7.5
Midterm Exam(s)	1	25
Project	1	25
Final Exam	1	25
Attendance		10
	Total Percent:	100%

ECTS (ALLOCATED BASED ON STUDENT WORKLOAD)

Activities	Quantity	Duration(Hours)	Total Workload(Hours)
Course Duration (Including the exam week: 16x Total course hours)	16	3	48
Hours for off-the-classroom study (Pre-study, practice)	16	1	16
Mid-terms	1	20	20
Assignments	2	8	16
Final examination	1	25	25
Other			0
Total Work Load:			125
Total Work Load/25(h):			5
ECTS Credit of the Course:			5