ECN 310- 101 Money and Banking
Marshall University, Fall 2015
Name: Dr. Yuanyuan (Catherine) Chen,
Assistant Professor of Economics
Office: CH 262
Phone: (304) 696-2827
Course Schedule: MW230pm - 345pm
Classroom: CH 267
Office Hours: MW 12:45-2:30pm, 3:50pm5:05pm or by appointment
Email: chenyu@marshall.edu
REQUIRED TEXTS, ADDITIONAL READING, AND OTHER MATERIALS

Money, Banking, and the Financial System R. Glenn Hubbard & Anthony P.
O’brien, 2nd Ed. Publisher: Prentice Hall
CATALOG COURSE DESCRIPTION AND PREREQUISITES
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Course description from the catalog: ECN 310 is concerned with the study of
the theory, the history, and the institutions of money and credit in the U.S. The
monetary and banking functions of the Federal Reserve System receive extensive
coverage.
Prerequisites: ECN 253 -- Principles of Macroeconomics, or ECN 200 -- Survey
of Economics
EXPANDED COURSE DESCRIPTION
ECN 310 Money, Banking, and the Financial System, serves as a higher-level course for those
who show interests in money and banking or related areas. This course studies topics of
aggregate economies. It will help you understand fundamentals such as definitions and principles
in the context of financial markets and banking System and it will also provide basic
understandings for tools applications. All of these are useful to analyze miscellaneous economic
events and monetary policies nationally and internationally.
COURSE LEARNING OUTCOMES:
After this course, you will:
1. Participate in conversations using the language of money and banking: the key concepts
and variables identifying money, financial system, and the payments system.
2. Analyze mathematically the financial markets using basic value models among different
interest rates and rates of return.
3. Employ comprehensive graphs to illustrate monetary policies developed by policy
makers as well as economists and to analyze the banking system and monetary policies
from different banking accounts.
4. Explain models in aggregate terms embodied in monetary theories.
5. Analyze events relating to money, banking, and financial system by comprehensive
writings, mathematical functions, and monetary models.
COURSE CONTENT AND TENTATIVE SCHEDULE
Objectives
Money and Interest Rates
Chapters
2
3
Banking
10
14
Policy Analyses
15 & 17
Topics
Money and Payments System
Interest Rates and Rates of
Return
The Economics of Banking
The Federal Reserve’s
Balance Sheet and the Money
Supply Process
Monetary Policy & Monetary
Theory: The AD-AS Model
TENTATIVE DUE DATES, EXAM DATES, AND HOLIDAYS (subjected to changes)
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Exercise due dates: (Exact schedule is subject to changes)
It is very important to know that although the homework assignments are distributed on
MUonline , they MUST be turned in in the form of hard copies by due dates in the class!
Submissions via MUonline are NOT going to be graded and therefore will get a ZERO
grade.
All exercise due dates are to be announced in the class! Mark them immediately on
your calendar!
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Exam Dates: Exam 1---Sep 28(Planned)
Exam 2---Oct 28(Planned)
Exam 3---Nov 30(Planned)
Final Exam---December 7(12:45-2:45)
Study Dates: Exam 1--- Sep 23 (planned)
Exam 2--- Oct 26 (planned)
Exam 3---Nov 18(planned)
Review Day: Final Exam--- Dec 2
Essay Submission Dates: Essay 1---Sep 2
Essay 2---Sep 21
Essay 3---Oct 7
Essay 4---Oct 21
Essay 5---Nov 16
Dates without classes: Sep 7--- Labor Day (University Closed)
Nov 23~ 28--- Fall Break/Thanksgiving (Classes Dismissed)
COURSE REQUIREMENTS AND GRADING POLICY
Grading Scale
A
539~600
B
479~538
C
419~478
D
359~418
F
< 358
No shading grade will be provided.
Your final grade comprises five main parts: exam 1, exam 2, final exam, exercises, and essay.
Random bonus points are given during the lectures. Any activity to be recorded as bonus points
CANNOT be made up. Your overall grade is distributed as follows:
Exam 1
50
Exam 2
50
Exam 3
50
Final Exam
100
Exercises
200
Short Essays
150
Total
600
 Exams: three mid-term exams and one final exam are distributed in this semester.
Tentative dates are listed above. Tentative dates are listed above. Mid-term exams
provide appropriate guide for the final exam which include all contents throughout the
semester. The mid-term exam is 50 points each and the final exam is 100 points. As
stated below, exams are not available for makeup. To enhance student to understand the
chapters and to prepare for the exam, when an objective is to be finished, the instructor
will provide study guide for each exam on the class date before the exam date. On that
day, students are allowed to review the contents and study as convenient as they like.
They can study in the library, in the classroom, or even at home. There will be one day to
review the mid-term exams. But all these steps do not guarantee the students to gain high
points in the exams! To prepare for the final exam, store up your previous exams and
mark your confusing questions. These questions can be answered using the office
hours or on the review day. Make sure you take your own exams on the days the
instructor gives them back. Do not ask others to take your exams if you do not trust
them.
 Exercises: There will be only FIVE exercises companying each chapter. The exercises
will be given out at the beginning of the section (objective) and the due dates are to be
announced in the class! The instructor suggests students to finish it progressively; it will
reduce the burden if you complete it one the day before due dates. There will be NO
exercise dropped to calculate your overall points! Each exercise takes 40 points, which
almost reach the points for a mid-term exam!
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Short essays: The individual essays are supposed to be completed and submitted by the
essay submission dates. There are five essay topics accompanying each main chapter.
Different from the requirements of both exams and exercises, this part is designed to
motivate students for multiple ideas, logics, ways of thinking that can be either in line
with what have been taught in the class or not. In other words, it is a brainstorm game! So
please grasp it! The criteria are to be given out during the class. For example, no students
should have the same content! That is definitely a plagiarism. Instructors may provide
possible topics for you to select, but you can choose others. Essay have to been submitted
in person with hard copy. Each essay is 30 points.
Each portion of your overall grade can be found on http://muwwwnew.marshall.edu/muonline/
(Note that some categories may not be reflected on
MUOnline due to the systematic issues, they will show by the end of the semester)
The final result of your grade will be posted on http://mymu.marshall.edu/
For missing exams/essay/exercises, please see policies below.
ATTENDANCE POLICY
This class encourages students to attend class. A responsible and mature student is expected to
attend class. There may be times when the student is not able to attend class. The instructor may
occasionally check attendance and it will not be included in your final grades as a main category.
But, due to the performances of the students, attendance may be added to your final grade as
bonus points. The instructor may decide not to scale exams for those who have more than one
unexcused absence or tardiness between exams. Scaling is completely at the discretion of the
instructor.
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A missed exercise: to be accepted, an exercise must be turned in on time. It is very
important to know that although the exercises are distributed on MUonline , they MUST
be turned in in the form of hard copies by due dates in the class! Submissions via
MUonline are NOT going to be graded and therefore will get a ZERO grade. There will
be no make-up opportunities for them.
A missed test: If a student misses an exam, he/she will receive an incomplete grade for
the course. The incomplete grade may then be completed as regulated by University
policy. This will require completing extra material in the following semester. To avoid
this problematic situation, a student is strongly encouraged to attend tests on-time. The
tests will NOT be given online! Again, since all the exams are given online, there will be
no exceptions or no make-up exams. If you cannot make the test on that day for
officially-taken reason, please notify the instructor one week prior to the exam.
A missed essay: If a student is not able to submit the essay, the 100 points will be
reduced from his/her final grade. This part takes 100 points out of 600. Late submission
will cause points reduction! It is very important to know that although the essay topics
are distributed on MUonline, they MUST be turned in in the form of hard copies by due
dates in the class! Submissions via MUonline are NOT going to be graded and therefore
will get a ZERO grade.
A Note about Text Messaging, Web Surfing and Grades: Text messaging and noncourse-related web-surfing are not appropriate during class time. It disrupts the attention
of the other students and the instructor. In the case of emergencies it is OK to take and
send text messages. But please first ask for permission to leave the classroom, and then
text outside of the room. The instructor will take note of students who are texting or
inappropriately web-surfing. The instructor will deduct 2 points from the Final Semester
Score for each infraction.
UNIVERSITY POLICIES (Please read carefully!)
By enrolling in this course, you agree to the University Policies listed below. Please read the full
text of each policy be going to www.marshall.edu/academic-affairs and clicking on “Marshall
University Policies.” Or, you can access the policies directly by going to
http://www.marshall.edu/academic-affairs/?page_id=802 Academic Dishonesty/ Excused
Absence Policy for Undergraduates/ Computing Services Acceptable Use/ Inclement Weather/
Dead Week/ Students with Disabilities/ Academic Forgiveness/ Academic Probation and
Suspension/ Academic Rights and Responsibilities of Students/ Affirmative Action/ Sexual
Harassment.
HOW THE COURSE LEARNING OUTCOMES WILL BEPRACTICED AND
ASSESSED
How
Assessed in
this Course
Exams I, II,
and III, and
Final Exam
Course Learning Outcomes
How Practiced in this Course
Participate in conversations using the
language of money and banking: the
key concepts and variables identifying
money, financial system, and the
payments system.
Lectures, videos, interactive
discussions, homework assignments,
and bonus points quizzes for all
Chapters
Analyze mathematically the financial
markets using basic value models
among different interest rates and rates
of return.
Lectures, videos, interactive
discussions, homework assignments,
and bonus points quizzes for all
Chapters
Exams I, II,
and III, and
Final Exam
Employ comprehensive graphs to
illustrate monetary policies developed
by policy makers as well as
economists and to analyze the banking
system and monetary policies from
different banking accounts.
Lectures, videos, interactive
discussions, homework assignments,
and bonus points quizzes for all
Chapters
Exams I, II,
and III, and
Final Exam
Explain models in aggregate terms Lectures, videos, interactive
discussions, homework assignments,
embodied in monetary theories.
and bonus points quizzes for all
Chapters
Exams I, II,
and III, and
Final Exam
Analyze events relating to money, Short Essays
banking, and financial system by
comprehensive writings, mathematical
functions, and monetary models.
Short Essays