SYLLABUS

ECON 2221: MONEY, BANKING AND FINANCIAL INSTITUTIONS

 Spring 1999







Instructor:
Class Time:
Class Room:
Office:
Office Hours:

Telephone:

E-mail:
Syed M. Harun
T Th 9:30-10:45 A.M.
BA 213
BA 327
T Th 11:00 A.M. - 1:00 P.M.
and by appointment.
280-6096 (Office)
280-3716 (Home)
[email protected]



The class notes and the exams/quizzes with the solutions are available from this website. You will need Adobe Acrobat Reader 3.0 or higher to view the files. If you don't have it, download Acrobat Reader free.




REQUIRED TEXT

Frederic S. Mishkin, The Economics of Money, Banking and Financial Markets. 5th Edition, Addison-Wesley, 1998.


RECOMMENDED MATERIALS

Study Guide and Workbook.

Readings in Money, Banking and Financial Markets.

Wall Street Journal, Economist, Business Week and other business publications.


COURSE OBJECTIVES :

The course is designed for anyone interested in understanding the economics of money, banking and financial institutions. The main objective of the course is to introduce you to the various concepts, ideas and theories of modern money, banking and financial institutions. My intention is to help you understand concepts/theories and relate them to current economic events and policies. I hope that by the end of the course you will have a basic understanding of the macroeconomic issues related to money and banking and will be able to critically analyze economic events and policies.


EXAMINATIONS AND GRADING

The final course grade will be based on your performance on one mid-term exam, one final exam and four quizzes and assignments. The final grade will be based on the following:

Examination

Mid-Semester Exam
Quizzes
Final Exam
Assignments		 Weight

30 %
30 %
30 %
10 %
 Date

March 04.
Jan 28, Feb 18, Mar 25, Apr 20.
May 08.

There will be a total of four quizzes and the grades of the best three quizzes will be counted towards your final grade. No make up will be offered for the quizzes.

If you have to miss an exam or more than one quiz due to circumstances beyond your control, you need to get approval from me before the exam. In case of emergencies, you must provide supporting documentation. If these conditions are not met, a missed exam will carry a zero grade.

Grading Scale:

The final letter grades will be assigned as:

A = 90-100%
B = 80-89%
C = 70-79%
D = 60-69%
F = 59% or below

Homework:

I will assign Homeworks sometime. You do not have to turn in the homework assignments. But you are responsible for the materials covered in the homework assignments. I strongly suggest you to do the homeworks. The homework assignments will be closely related to the objective of the course and will help you understand the material better and prepare for the exams.

Assignments:

I will assign several assignments throughout the class. The assignments will be related to the course materials and the idea of the assignments is to make you familiar with the real world sitautions. The specific assignments will be discussed in class.


OTHER INFORMATION

  1. I reserve the right to make changes to the syllabus. Any changes will be announced in class.

  2. You are responsible for the material covered and the announcements made in the class.


  3. Your participation is highly encouraged in the class as it makes class more interesting and enhances your learning. Please feel free to ask questions in class.



COURSE SCHEDULE

This schedule is tentative and subject to change. Any amendments will be announced in class.


DATE

Jan 14
Jan 19
Jan 21, 26
Jan 26, 28

Jan 28

Feb 2
Feb 4, 9
Feb 11, 18

Feb 18

Feb 23
Feb 25
Mar 2

Mar 4

Mar 9
Mar 11, 16
Mar 16, 18
Mar 23

Mar 25

Apr 6
Apr 8, 13
Apr 15

Apr 20

Apr 20, 22
Apr 27

Apr 29
May 8 		CHAPTER

Chapter 1
Chapter 2
Chapter 3
Chapter 4



Chapter 5
Chapter 6
Chapter 9



Chapter 10
Chapter 11
Chapter 12



Chapter 15
Chapter 16
Chapter 17
Chapter 18



Chapter 19
Chapter 21
Chapter 24



Chapter 26
Chapter 27



 TOPIC

Why Study Money, Banking and Financial Markets?
An Overview of the Financial System
What is Money?
Understanding Interest Rates

Quiz # 1

Portfolio Choice
The Behavior of Interest Rates
Economic Analysis of Banking Structure

Quiz # 2

Banking Firm and Management of Financial Institutions
Banking Industry: Structure and Competition
Economic Analysis of Banking Regulations

Mid-Semester Exam

Structure of Central Banks and the Federal Reserve System
Multiple Deposit Creation and The Money Supply Process
Determinants of Money Supply
Tools of Monetary Policy

Quiz # 3

Conduct of Monetary Policy: Goals and Targets
The Demand for Money
Aggregate Demand and Supply Analysis

Quiz # 4

Money and Inflation
Theory of Rational Expectations and Efficient Capital Markets

Review
Final Exam




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