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Syllabus-Econ301-Sec10-Money+and+Banking-Fall+2010 - Fall...

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Unformatted text preview: Fall 2010 September 1 – December 13 Economics 301 Sec. 10 Money and Banking Course Goals: This course will introduce you to financial markets, financial institutions, central banking and monetary theory. I will begin by exploring the rapidly‐evolving financial markets and financial institutions that provide credit to people and businesses. Next, I will examine the functions of central banks, established by governments to control financial markets and the quantity of money circulating in those markets. Finally, I will consider a number of models that attempt to explain why money and credit are so important to the health of the economy. By the end of the course, you should have a broad understanding of the structure of credit markets in the U.S. today and of the importance of money in economic activity. Case study such as the current credit crisis, the collapse of Wall Street investment banks and the Great Depression in 1930s will be emphasized. Course Level: Lower‐level elective. Learning Outcomes: Students who satisfactorily complete Money & Banking will understand the role of money and banks in the broader economy. Specifically, students should garner an understanding of the unique role of banks in the financial system. Students will also learn the relevance of the Federal Reserve and related central banking topics, including the causes, policy responses, and lessons associated with the current financial market crisis. Class Meeting Time: Monday and Wednesday 6:10pm‐7:30 pm, CA‐A4, College Ave. Instructor: Carl Shu‐Ming Lin Office: Room 406, New Jersey Hall, College Ave. Email: [email protected] Website: http://econweb.rutgers.edu/slin Office Hour: Monday 1pm – 2pm and Wednesday 1pm‐2pm or by appointment. Textbook Required: Money, Banking, and Financial Markets, Frederic S. Mishkin, 9th edition (7th or 8th edition also acceptable) ISBN‐10: 0321598903; ISBN‐13: 9780321598905 Prerequisites: Econ102 Intro to Micro and Econ103 Intro to Macro 1 Grading: Midterm Final Assignments Total 45% 45% 10% 100% Grade ranges are as the following (subject to change): 90 and above = A, 85‐89.9 = B+, 80‐84.9 = B, 75‐79.9 = C+, 70 ‐74.9 = C, 60 ‐ 69.9 = D, below 60 = F. Exam Dates: Midterm:. October 20 (Wednesday), 6:10pm‐7:30pm, CA‐A4, College Ave. Final exam: December 20 (Monday), 8pm‐11pm, CA‐A4, College Ave. Course Information: Always check Sakai.Rutgers.edu for any announcements. Course Outline 8th edition (subject to change) Part 1 Introduction An Overview of the Financial System What Is Money? Part 2 Financial Markets Understanding Interest Rates The Behavior of Interest Rates The Risk and Term Structure of Interest Rates Chapter in the Textbook Ch 2 Ch 3 Ch 4 Ch 5 Ch 6 Ch 9 Ch10 Notes Ch12 Ch13 Ch14 Ch15 Ch16 Notes 9 9, 10 10, 11 11, 12 13, 14 15, Final Week 1 2 3 4 5 6 7 8, Midterm Part 3 Financial Institutions Banking and the Management of Financial Institutions Banking Industry:Structure and Competition Part 4 Deciphering the Current Liquidity and Credit Crisis Part 5 Central Banking and the Conduct of Monetary Policy Structure of Central Banks and the Federal Reserve System Multiple Deposit Creation and the Money Supply Process Determinants of the Money Supply Tools of Monetary Policy What Should Central Banks Do? Monetary Policy Goals, Strategy, and Tactics Part 6 The Great Depression of 1930s 2 Other Information and Make‐up exam: There will be NO makeup exams, unless under extraordinary situation and with appropriate proof. Otherwise, the student will receive a grade of 0 for any exams missed. No makeup exam for travel conflict. Student Conduct and Academic Integrity: Academic integrity is important. Cheating in the exam is considered as a serious violation and will be referred to the school authority. The following are the links for the university’s policies regarding student conduct and academic integrity. Student conduct: http://catalogs.rutgers.edu/generated/nb‐ug_current/pg21725.html Academic integrity: http://catalogs.rutgers.edu/generated/nb‐ug_current/pg21724.html 3 ...
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