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"Degrees & Programs"


Financial Institutions




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University of Phoenix reserves the right to modify courses. While widely available, not all programs are available to residents of all states. Please check with a University Enrollment Representative.

Course level: Undergraduate

This course develops a conceptual framework for understanding how recent and current events affect the financial environment. Financial markets are examined with a focus on their utilization by financial institutions, the pricing of financial assets, the impact of the Federal Reserve, the internationalization of financial markets, and the impact of recent events. Financial institutions such as insurance companies, commercial banks, and investment banks are covered. The institutions are described with a focus on regulatory aspects and management use of financial markets and performance.



What you'll learn

Course skills and outcomes

Financial Institutions and Markets

  • Describe the major types of financial institutions.
  • Describe how interest rates are determined.
  • Explain how interest rates are structured.

Federal Reserve

  • Explain the primary functions of the Federal Reserve.
  • Describe the impact of Federal Reserve policies on interest rates and the U.S. economy.
  • Evaluate how Federal Reserve policies impact financial markets and institutions.

Debt Markets

  • Describe how the money market operates.
  • Describe types of risks associated with bonds.
  • Describe how mortgages are created and managed.

Equity and Derivative Markets

  • Explain how stocks are managed and used.
  • Describe how the financial futures market operates.
  • Explain how the roles and functions of bond markets differ from those of money markets.


  • Identify reasons for growth of U.S. banking operations overseas.
  • Explain how commercial banks manage risk.
  • Describe in detail the framework for valuing a commercial bank.


Why take courses at University of Phoenix

Accreditation that matters

We’ve been accredited by the Higher Learning Commission ( for more than 40 years.

Real-world instructors

Learn from instructors who bring an average of 25 years of working experience to the classroom.

Affordable and potentially reimbursable

Our tuition and fees are competitive and fixed. Also, check to see if your employer will cover you for this course.

Next Steps

Start a conversation about your future with an enrollment representative today.

Start a conversation about your future with an enrollment representative today.

Call (844) 937-8679

Transfer Credits

Credit Transfer

Credit Transfer

Need to transfer credits to another college or university?

Before you enroll in a course, check with your school of choice to make sure they will accept our transfer credits and to understand any requirements or limitations. Then you can complete your course, and request your official transcript be sent to your school. That’s it!

How to request your transcripts