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 Banking and Finance (3 years) Program
1	The students are gained the ability to look at the problems of daily life from a broader perspective. They gain the needed skills not only to understand economic problems in banking and finance but also to construct a model and defend in meaningful way.	5
2	They have knowledge about the finance and banking.	5
3	They have knowledge about the money and banking.	5
4	They have knowledge about the international finance and banking.	5
5	They have ability to use mathematical and statistical methods in banking and finance.	5
6	They know how to use computer programs in both daily office usage and statistical data evaluations in banking and finance department.	5
7	They have necessary banking and finance skills that needed in private and public sector.	5
8	They are intended to be specialist in one of departmental fields that they choose from the list of general economics, finance economics, public finance, corporate finance, finance management, international finance markets and institutions, banking and central banking, international finance and banking, money and banking, international trade and banking.	5
9	They have ability to utilize fundamental economic theories and tools to solve economic problems in banking and finance.	5
10	They are aware of the fact that banking and finance is a social science and they respect the social perspectives and social values of the society’s ethics.	5

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