Financial Intermediation and Capital Markets

Curriculum Guideline

Effective Date:
Course Code
FINC 3370
Financial Intermediation and Capital Markets
Commerce & Business Administration
Start Date
End Term
Semester Length
15 Weeks X 4 Hours per Week = 60 Hours
Max Class Size
Contact Hours
Lecture: 4 Hours Total: 4 Hours
Method(s) Of Instruction
Learning Activities

Material will be presented within a lecture format.

Course Description
Financial Intermediation and Capital Markets is a course which examines the role played by financial intermediaries in capital markets. The course also aims at developing an understanding of the major financial markets by examining their structure and functions within the financial system.
Course Content
  1. Overview of financial institutions and market.
  2. Explanation of financial market efficiency.
  3. The rationale for financial intermediaries.
  4. Chartered bank management.
  5. Primary markets, investment banking and the underwriting of securities.
  6. Secondary markets for securities.
  7. Insurance markets and intermediaries.
  8. Pension funds.
  9. Government regulation of financial intermediaries and markets.
Learning Outcomes

At the end of the course, the successful student should be able to:


  1. explain why we observe financial intermediaries;
  2. examine the economic role played by financial intermediaries;
  3. distinguish between primary and secondary markets and the role played by financial intermediaries in each market;
  4. evaluate the various financial markets and the institutional differences between them.


Means of Assessment

Minimum of 3 evaluations, none of which will exceed 40%, for a total of 100%.

Textbook Materials

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.