Material will be presented within a lecture format.
- Overview of financial institutions and market.
- Explanation of financial market efficiency.
- The rationale for financial intermediaries.
- Chartered bank management.
- Primary markets, investment banking and the underwriting of securities.
- Secondary markets for securities.
- Insurance markets and intermediaries.
- Pension funds.
- Government regulation of financial intermediaries and markets.
At the end of the course, the successful student should be able to:
- explain why we observe financial intermediaries;
- examine the economic role played by financial intermediaries;
- distinguish between primary and secondary markets and the role played by financial intermediaries in each market;
- evaluate the various financial markets and the institutional differences between them.
Minimum of 3 evaluations, none of which will exceed 40%, for a total of 100%.
Textbooks and Materials to be Purchased by Students
The main text is to be chosen from the following, as determined by the instructor:
- Fabozzi, F. et al. Foundations of Financial Markets and Institutions, latest ed. Toronto: Prentice Hall Canada. (optional)
- Kidwell, D. et al. Financial Institutions, Markets and Money, latest ed. John Wiley & Sons, Inc. (optional)
- Mishkin, F. et al. Financial Markets and Institutions, latest Canadian ed. Pearson Education Canada.