TROY UNIVERSITY
MASTER SYLLABUS
SORRELL COLLEGE OF BUSINESS
ECO 3353
Money and Banking
Prerequisites
ECO 2252.
Description
Principles of money, credit, and banking including monetary systems, theories, and commercial
banking operations related to the Federal Reserve System.
Objectives
On completion of the course, the student should be able to:
1. Define Money and its various measures.
2. Identify the reasons for existence of Money, Financial Intermediaries and Financial Markets
in the economy.
3. Compute interest rates and discuss their determination.
4. Describe the differences in interest rates due to risk, liquidity, tax treatment and maturity.
5. Compute the expected returns of financial assets and portfolios and evaluate the effect of
diversification on portfolio risk and return.
6. Discuss the role and functions of depository financial institutions.
7. Discuss money demand theories.
8. Explain the Federal Reserve System.
9. Understand the process of money creation.
10. Explain how the Federal Reserve System carries out monetary policy.
Purpose
To provide a survey of money and banking concepts needed in the business undergraduate
program. Students taking this elective should already have satisfied all of their 2000-level core
and specified-elective requirements. Requirement for the Economics major (Financial
Economics concentration).
Master Syllabi are developed by the senior faculty in each business discipline. This Master Syllabus must be used as the basis for developing the
instructor syllabus for this course, which must also comply with the content specifications outlined in the Troy University Faculty Handbook.
The objectives included on this Master Syllabus must be included among the objectives on the instructor’s syllabus, which may expand upon the
same as the instructor sees fit. The statement of purpose seeks to position the course properly within the curriculum and should be consulted by
faculty as a source of advisement guidance. Specific choice of text and other details are further subject to Program Coordinator guidance.
19 April 2011
Master Syllabus: ECO 3353 (Revised August 2013)
2
Approved Texts
Miller, R. L. & VanHoose, D. D. (current). Money, Banking, and Financial Markets.
Thomson/South-Western.
Mishkin, F.S. (current) Economics of Money, Banking, and Financial Markets. Pearson Addison
Wesley.
Ritter, L. S., Silber W. L. & Udell, G. F. (current) Principles of Money, Banking, and Financial
Markets. Pearson Addison Wesley.
Supplements
As deemed appropriate.
Troy University Faculty Handbook (2010): Section 3.9.2.8 [extract] — essential elements of the syllabus (somewhat modified for space):
1. Course title
2. Course number +
section
3. Term
4. Instructor
5. Prerequisites
6. Office hours
7. Class days, times
8. Classroom
location
9. Office location +
e-mail address
10. Office telephone
11. Course
description,
objectives
12. Text(s)
13. Other materials
14. Grading methods, 16. General supports
criterion weights,
(computer works,
make-up policy,
writing center)
mid-term grade
17. Daily assignments,
reports
holidays, add/drop
15. Procedure, course
& open dates, dead
requirements
day, final exam
18. ADA statement
19. Electronic device
statement
20. Additional
services,
statements
21. Absence policy
22. Incomplete-work
policy
23. Cheating policy
24. Specialization
requirements
(certification,
licensure, teacher
competencies)