Financial Institutions and Markets

Part 1 The financial system and the economy: the role of financial institutions and markets; the Federal Reserve in the US economy; the money supply and deposit expansion; the time value of money - single payments; the time value of money - series of payments. Part 2 The debt and equity market: the money market; the bond market; the level and structure of interest rates; the Stock Market; equity valuation; the primary market and investment banking; risk and return in securities markets. Part 3 Depository institutions: banks, thrift institutions and credit unions; regulation of depository institutions; operations and commercial banks; management of commercial banks; asset and liability management of commercial banks; international banking. Part 4 Non-depository financial institutions: financial conglomerates and subsidiaries; investment companies; insurance companies; pension funds. Part 5 Financial derivatives markets and risk management: the futures markets; the options market; the swaps market; financial engineering.