FNB 100 Intro to Finance

FNB 100 Intro to Finance (Fall 2009)

1. Dr. Jeff S. Hong

Tel: 212)220-8388 (Email is more effective.)

Email: professor

webpage: http://fly.to/jeffecon 2. Day, Time and Classroom :

SEC 111: Mon 11:00~11:50 A.M. (S639) & Wed 11:00~12:40 P.M (S637) 3. Classroom: Mon: S639 & Wed: S637

4. Required Texts:

Financial Institutions, Investments, & Management, Mayo, H.B. (7e), 2001 Harcourt

Excel Workbook (Jeff S. Hong) for use with Practical Business Math Procedures (Jeffrey Slater)

(ISBN 978-0-7-327854-4), McGraw-Hill, 2008 5. Office & Office Hours: S657 on Mon 3:00~3:50 P.M., Tue 3:00~3:50 P.M. & Wed 4:00~4:50 P.M. 6. Course Description
This course foucuses on three general areas of 1) money and financial institutions, 2) business financial management and 3) investments. These areas are surveyed by covering such topics as value and creation of money, the Federal Reserve System, commercial banks, short and medium term financing and the behavior of securities markets in relation to financing the business enterprises. For an introductory level finance course, considerably greater amount of attention will be given to quantitative methodology.

Students are also encouraged to join the class discussion group set up with Yahoo for lively discussion, collaboration, and exchange of ideas on line. All lecture notes in electronic format, the complete lecture in Excel format, solutions and samples are available at the class discussion group, and these materials can be accessed on line.

Prerequisites and/or (Co-requisites): All remediation, (MAT 150/ MAT160, MAT 200, MAT 206)

7. Course Objective

a	To provide foundation for understanding the roles of money and financial institutions in both macroeconomic and microeconomic environments
b	To survey financial issues facing the firm and to develop an understanding of the role and function of the securities markets in a dynamic economy
c	To acquire basic understanding of the types of financial instruments and their characteristics, time-value, risk-vs.-return relations, capital budgeting, correct discount factor estimation for valuation of various financial instruments
d	To develop an understanding of and acquire skills in quantitative methodology to apply to various security valuation models and financial analysis situations
e	To develop the students� skills and expertise in the use of EDP and quantitative software as a tool to conduct research, track, analyze and value securities, and conduct financial analysis

8. Student Learning Outcomes

Upon completion of the course, the students should be able to:

a	Read and correctly interpret economic and financial data series, charts and graphs;
b	Analyze how Federal Reserve System operates and conduct monetary policy, interpret FRB/FOMC policy implications on economy-wide liquidity and interest rates, and predict ramifications these policy changes will entail;
c	Perform intermediate-level mathematical and statistical techniques to evaluate investment opportunities using discounted cash flow method, compute present values, future values of various financial instruments including annuities, bonds, and stocks, find correct discount factor by correctly estimating beta coefficient using CAPM and/or other models;
d	Demonstrate an introductory-level expertise and dexterity in constructing computer-based models to perform the activities in the learning outcome 3, and to conduct as asset management and capital budgeting;
e	Interpret the financial and economic issues at large in quantitative terms, identify, comprehend and analyze the quantitative nature of these problems and use information technology as a major tool to research and find solution to these problems;

9. Course Outline

Mathematical Finance

Topic 1: Fiancial Assets & Intermediaries

Topic 2: Banking & Credit/Money Creation

Creation of Ms via Multiple Banking

Topic 3: International Finance

Topic 4: Security Markets

Topic 5: Time Value of Money & Risk Measurement

Topic 6: Investing in Bonds

Topic 7: Investing in Equities

Topic 8: Investment Companies

Topic 9: Analysis of Financial Statement

Topic 10: Management of Short-Term Assets

Topic 11: Fiancial Leverage & Cost of Capital

Topic 12: Capital Budgeting

Download free Adobe Acorbat.

Exam Policy

1. Interim Quizzes/Homeworks will be given at the first quarter point before the midterm and at the third quarter point between midtem and final. In case a quiz is administered, review questions will be provided beforehand. The quiz will mainly consist of a random number of the review questions from the handouts.

2. Midterm & Final will consist of T/F, multiple choice & some mathematical problems not exceeding 30~33 questions in total. The questions will break down into 40% T/F, 40% multiple choice & 20% mathematical questions. The exam will also consist largely of the review questions both tested & untested through sporadic quizzes.

Grading Criteria

1. Midterm: 20%

2. Final: 30%

3. 2 Homeworks/Quizzes: 30%

4. Attendance: 10%

Attendance & Class Participation
At BMCC the maximum number of absence is limited to one more hour than the number of hours a class meets in one week. For example, if you are enrolled in a 4 hour class that meets 2 times a week, you are allowed 5 hours of absence (not 5 days). In the case of excessive absence, the instructor has the option to lower the grade or assign an "F" or "WU" grade.

Announcements

A separate on-line Class Forum is set up for collegial communication & cooperation. All messages and notices will be posted on this Class Discussion Group. Students are required to sign up for the group to check out the annnouncements on regular basis.

Crack a Laugh.

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