Money and Banking – ECON 315 Colorado State University Fall 2014 Instructor: Jonathan Care Email: Jonathan.Care@colostate.edu Office: Clark C TBD Office Hours: MW 10:30am-­‐12:00pm and by appointment Section 001: MWF 1:00-­‐1:50 PM E112 Anat/Zool Section 002: MWF 9:00-­‐9:50 AM 105 Behavioral Sciences Course Website: RamCT is the class website: www.ramct.colostate.edu Textbook Companion Website: http://wps.aw.com/bp_mishkin_econmbfm_10/215/55045/14091673.cw/index.html Prerequisites: ECON 204 (Principles of Macroeconomics) Course Description: This course provides an overview of financial institutions in the U.S. economy, including the history and functions of money, financial institutions and markets, central banking, and the conduct of monetary policy. Course Goals: By the end of the course you should be able to: • Identify the different functions of money and how money is related to interest rates; understand how interest rates are determined, as well as the behavior of interest rates, and the risk and term structures of interest rates. • Demonstrate the importance of financial markets and financial institutions in the economy; identify the essential operations of depository institutions; justify why they are heavily regulated. • Explain how a nation’s money supply is determined; know the various tools of monetary policy, the role of central banks and the Federal Reserve System, and the conduct of monetary policy. • Apply principles, theories and models to critically analyze and explain economic situations encountered in the real world that involve money, financial markets and institutions, financial crisis, and actions undertaken by central banks in the development and implementation of monetary policy Required course materials: Required text: The Economics of Money and Banking by Frederic S. Mishkin (10th Ed.) ISBN 13: 978-­‐0-­‐13-­‐277024-­‐8 It is your responsibility to keep up on the chapter readings assigned. You are expected to read the chapter(s) assigned on your own before the class period they will be discussed. Any additional required readings will be provided through RamCT. Course Assignments and Grades Exams: There will be three exams (two midterm exams and a final exam). The format of the exams will be multiple choice, analytical, and short answer, with questions drawn from lecture, homework assignments, and reading assignments. There are no early or make up exams given with exceptions for University approved activities or documented illness or family emergencies. A student arriving late to an exam session will be allowed to take the exam in the remaining time, so long as the student does not arrive after other examinees have left. In case of documented illness, family emergency or university-­‐excused absence, you may reschedule an exam within 3 days (+/–) of the exam date. Assignments: There will be six problem sets. Late work will not be accepted, unless an alternative due date has been previously approved or documentation is provided for an extreme circumstance. Course Grades: Your final grade is calculated as follows: Exams (3) each worth 100 points = 300 Problem sets (6) at 45 points each = 270 TOTAL = 570 Letter grades are assigned on a straight scale: A is 90-­‐100 percent B is 80-­‐89.99 percent C is 70-­‐79.99 percent D is 60-­‐69.99 percent F is 59.99 percent or less Keep in mind that plagiarism is a form of academic dishonesty. As per university policy Academic honesty is imperative. Academic integrity lies at the core of our common goal: to create an intellectually honest and rigorous community. Any student or student organization found to have committed or to have attempted to commit misconduct is subject to disciplinary sanction. For example, academic dishonesty includes but is not limited to: cheating, plagiarism, unauthorized possession or disposition of academic materials, falsification, or facilitation of acts of dishonesty. Specific procedures for cases of academic dishonesty are also described in the Academic Integrity Policy in the General Catalog, the Graduate Student Bulletin, the Faculty Manual, or the Honor Code of the Professional Veterinary School as applicable. For more information, please use the link provided on RamCT. If you plagiarize in your work you could lose credit for the plagiarized work, fail the assignment, or fail the course. Plagiarism could result in expulsion from the university. For more information on Plagiarism and Academic Integrity see: http://learning.colostate.edu/integrity/index.cfm . CSU Honor Pledge : “I have not given, received, or used any unauthorized assistance.” Incompletes in the course follow university policy. More information is found at http://registrar.colostate.edu/incomplete-­‐grades
Accommodation: Students with disabilities will receive reasonable accommodation. More information can be found at Resources for Disabled Students: http://www.rds.colostate.edu/accommodation-­‐process Each week, students are expected to: Activity
Hours per week
Attend class
3
Read the textbook/other readings
2
Review class notes
1
Complete problem sets
1.5
Study for exams
1.5
9
In-class learning environment: As an educator, it is my responsibility to provide an
environment in which all students can learn to the best of their ability. Therefore, any form of
disruptive or obstructive in-classroom behavior during the class meeting time by any enrolled
students or other persons attending any class meetings will be asked to leave. Therefore, please
refrain during class from carrying on conversation while the instructor or any student, or invited
guest, is speaking to the entire class. Also, if you must occasionally arrive to class late or leave
early, please enter and leave in as non-disrupting manner as possible. It would be an expected
courtesy to inform the instructor before class that you must leave early. Disruptive or distracting
behavior includes talking out of turn, using a cell phone for any reason, using a computer or
tablet for activities other than taking notes, etc. Respect for the instructor and your fellow
students is an expected courtesy.
If anyone enrolled in this class is bothered by any distracting behavior of the instructor or any
student(s) to the extent that it is inhibiting your learning during scheduled class meetings, please
let me know immediately. Also, if you are physically or otherwise learning disabled, please let
me know how I may best accommodate you and help you achieve maximum possible learning in
this course.
Attendance is an expectation for all students. A positive relationship exists between class
attendance and performance in this course. All of your assignments rely heavily on material and
discussion covered in class as well as assigned chapters. Coming regularly to class will have a
positive effect on your overall grade.
Questions, comments, and active discussion are always encouraged and will make class sessions
more interesting and exciting for all. I should be expected to behave respectfully towards you
and you should be expected to behave in the same way towards myself and your fellow students.
This will create a respectful environment where everyone can learn to the best of their ability.
If you are having problems with the course, please talk with me about those problems. The
sooner you come for help, the better. I am very flexible with office hours and modes of
communication. I want you to succeed as much as you do.
Class schedule* Date Week of August 25th Week of September 1st Week of September 8th Week of September 15th Week of September 22nd Week of September 29th Week of October 6th Week of October 13th Week of October 20st Week of October 27th Week of November 3rd Week of November 10th Week of Topic Introduction: Money and the Financial System Ch 1 & 2 Assignments/Notes Ch 3&4 No Class September 1st Financial Markets Ch 4&5 Homework 1 Due Sept 10th Ch 6 Ch 7&17 Homework 2 Due Sept 24th Financial Institutions Ch 8 Exam 1 September 29th Ch 9 Ch 10 Homework 3 Due October 15th Ch 11 Ch 12 Central Banking Review & Ch 13 Homework 4 Due October 29th Exam 2 November 5th Ch 14 Ch 15 Homework 5 Due November 19th November 17th Week of November 24th Week of Ch 16 December 1st Week of Ch 19 December 8th Week of December 15th 9:00 Section: Final exam is Dec. 15th 9:40-­‐11:40am 1:00 Section: Final exam is Dec. 16th 2:00-­‐4:00pm *The Class Schedule is tentative and subject to change Fall Recess-­‐ No classes Homework 6 Due December 10th Final Exams Week