China & Hong Kong May ’18

Course Name: Financial Institutions
Professor: Fatos Radoniqi
Credits: 4
Lib Ed.:  Culture 2
GPS [Global Poet Scholarship] Eligible: Yes!
GPS: Students who started in Fall 2016 can subtract $2000 from course fee total.
Cost/Fees: $3100 (estimated)

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Using economics of information this course analyzes the functioning of financial markets and institutions and their role in allocating resources, managing risk, and exerting corporate governance over firms. This course aims to: a) provide students with the economic principles for understanding the emergence of financial institutions, their roles in shaping economic growth, business cycles, and crises; b) familiarize students with and help them think critically about both the economic reasons for government regulation of financial institutions and the political forces shaping actual regulatory choices; c) introduce students to the complexities of managing financial institutions; and, d) put forth ideas for how the financial system can be improved

This course is designed to give students a broad overview of the financial institutions used to coordinate the global flow of financial capital. From local credit unions to global re-insurance companies, these organizations affect the lives of the majority of humanity, playing a central role in allocating the world’s savings to the world’s investment projects. We begin with an overview of money, the financial system, its emergence and its functions in the economy.  We then delve deeper into the workings of the financial markets (bond, stock, and mortgage markets) as well as financial institutions such as commercial banks, investment banks, insurance companies, mutual funds, and the central banks. Hong Kong is consistently ranked as one of the top financial centers in the world. The ranking reflects key competitive areas including business environment, financial sector development, as well as infrastructure. Hong Kong is in the unique position where the global advantage and China advantage converge in one single city. As a gateway between China and the rest of the world, Hong Kong offers a unique opportunity to study the importance of financial markets in economic development and liberalization.A picture of a group of students in Hong Kong.

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CO-CURRICULAR AND CULTURAL ACTIVITIES

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The Faculty-Led Program fees include the following for the dates of the program.  It is important to note that fees and costs are always subject to change due to the nature of international travel (new visa requirements, new travel regulations, etc.) as well as changes to the itinerary.

–  Accommodations (double occupancy)
–  Lodging.
–  Course-related site visits.
–  HTH health and natural/political disaster evacuation insurance or program vendor insurance if it is more comprehensive.
–  Some Meals
–  Service-learning and volunteer activity costs.

*Note: Prices are subject to change.

The Faculty-Led Tuition Fee includes:

–  3 Semester Credits.
–  Whittier Students only pay course fees.  May term tuition is waived. Non-Whittier students should inquire with our office about our tuition.

Costs Not Included:

–  Meals not indicated on the itinerary
–  Airfare and transport other than indicated above
–   Visa
–  Expenses of a personal nature
–  Optional international cell phone/SIM card rental and usage charges
–  Passport expenses
–  Single supplement fee, if  a participant wishes to have a single room for hotel/hostel accommodations and if available.

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[su_spoiler title=”What courses do I enroll in?” style=”fancy”]For this course you will be enrolled in the appropriate section for May 2018. You will not need to sign up for this course during registration because you are automatically enrolled. [/su_spoiler]

[su_spoiler title=”Applying” style=”fancy”]Applying is easy! Just click here or on the “Apply” link at the top of the page.[/su_spoiler]

 

[su_spoiler title=”What students have to say about our trips…” style=”fancy”]”This study abroad experience was absolutely wonderful. The various locations we visited during the trip were not only relevant to our studies but also very enjoyable as we were able to explore the country. We also had a clear and well thought out itinerary. The aspect of the trip I enjoyed the most was spending time…volunteer [ing] to help improve the community. It was a very rural and different environment that I had never previously experienced.”

“I loved working closely with my peers and my professor. There was a huge sense of community even though we were all from different walks of life.”

“I loved that we were able to really explore the country, visiting big cities, little cities and tiny villages, to really get an idea of the culture.”[/su_spoiler]

[su_spoiler title=”What courses do I enroll in?” style=”fancy”]For this course you will be enrolled in the appropriate section for May 2018. You will not need to sign up for this course during registration because you are automatically enrolled. [/su_spoiler]

[su_spoiler title=”Applying” style=”fancy”]Applying is easy! Just click here or on the “Apply” link at the top of the page.[/su_spoiler]