Problem Set - Financial Concepts
32 Total Points
Due: Monday, March 10th,
Answers to numerical questions can be rounded to the nearest whole dollar.
Express interest rates in basis points.
The US borrowed heavily from the Briti
4.1 Compute the future value of $100 at an 8 percent interest rate 5, 10, and 15 years into the future. What
would the future value be over these time horizons if the interest rate were 5 percent?
Banking & Monetary Policy
Instructor: Vince Marra
Office: 425 Purnell Hall
Office Hours: 3:00 to 4:00 M,W
ECON 302 is an extension of macroeconomic principles that
V. Marra - Spring 2014
Master Topic List
(Cross-referenced to Mishkin 10th ed.)
Chaps 1, 2, 3, 8, & 11
Functions of Money
Money vs Barter
Evolution of Money
Commodity, Representative, and Fiat Money
Moneys Backing Today
1. What is the primary difference between classical economics versus behavioral economics?
(In other words, what element/field of study is added to the mix?)
The main difference between the Classical economics and behavioral economics is that
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The Report Topic here
Roles and Importance of various types of markets:
Central Banks and Monetary Policy:
Within the enormous majority of modern economies, special instit