Interest Rates and Global Markets

I.     Course Prefix/Number: FIS 240

       Course Name: Interest Rates and Global Markets

       Credits: 1 (1 lecture; 0 lab)

II.    Prerequisite


III.   Course (Catalog) Description

Course examines foreign exchange markets and their relationship to global interest rates,  Federal Reserve and government.  Content includes a comparison of agency policies as they affect interest rates and foreign exchange rates; gold standard vs. floating exchange rates, and the effect of international interest rates and their pull on the world capital market.

IV.   Learning Objectives

By the end of the course, students who complete all assignments will have a working knowledge of futures concepts, futures applications, option concepts, and options applications.

V.    Academic Integrity and Student Conduct

Students and employees at Oakton Community College are required to demonstrate academic integrity and follow Oakton's Code of Academic Conduct. This code prohibits:

• cheating,
• plagiarism (turning in work not written by you, or lacking proper citation),
• falsification and fabrication (lying or distorting the truth),
• helping others to cheat,
• unauthorized changes on official documents,
• pretending to be someone else or having someone else pretend to be you,
• making or accepting bribes, special favors, or threats, and
• any other behavior that violates academic integrity.

There are serious consequences to violations of the academic integrity policy. Oakton's policies and procedures provide students a fair hearing if a complaint is made against you. If you are found to have violated the policy, the minimum penalty is failure on the assignment and, a disciplinary record will be established and kept on file in the office of the Vice President for Student Affairs for a period of 3 years.

Please review the Code of Academic Conduct and the Code of Student Conduct, both located online at

VI.   Sequence of Topics

1.    Fixed exchange rates (Bretton Woods 1945-1970).
2.    1970’s removal of the Gold Standard/Floating Exchange Rates
3.    The effect of inflation on interest and exchange rates.
4.    The 80’s – the advent of the global economy.
5.    Current issues and policies related to interest rates and the foreign exchange market.

VII.  Methods of Instruction

Lectures, discussions, audio/visual.

Course may be taught as face-to-face, hybrid or online course.

VIII. Course Practices Required

Assigned readings.

IX.   Instructional Materials

Note: Current textbook information for each course and section is available on Oakton's Schedule of Classes.

Varies by instructor.

X.    Methods of Evaluating Student Progress

Class participation, quizzes, final examination.

XI.   Other Course Information

A.    Attendance policies will be established by each instructor.
B.    Each instructor may establish additional policies with respect to make-up exams, incomplete grades, etc.

If you have a documented learning, psychological, or physical disability you may be entitled to reasonable academic accommodations or services. To request accommodations or services, contact the Access and Disability Resource Center at the Des Plaines or Skokie campus. All students are expected to fulfill essential course requirements. The College will not waive any essential skill or requirement of a course or degree program.

Oakton Community College is committed to maintaining a campus environment emphasizing the dignity and worth of all members of the community, and complies with all federal and state Title IX requirements.

Resources and support for
  • pregnancy-related and parenting accommodations; and
  • victims of sexual misconduct
can be found at

Resources and support for LGBTQ+ students can be found at