Money and Banking
Office Hours: Coleman 165 , Th - 11-12; W 9-12). Others by appointment.
221 ELECTRONIC RESERVES
ECON 221 SPECIAL PROJECTS
Hollywood Stock Exchange Portfolio Assignment
221 Portfolio Project Resources Guide
New Yorker Review of RRWS
FYI - links to financial literacy quizes
| February| March
Introduction--Money and the Financial System
Jan. 19 - Introduction to the course--goals, objectives, assignments, grading,
Portfolio Assignment (part 1)
Jan. 24 - Chapters 1 & 2 - Money and the Financial System--Mostly Money
Financial Institutions, Markets, and Interest Rates
Jan. 26 - Chapter 3 - Overview of the Financial System
Jan 31- Chapter 3 (including appendix) and Chapter 4 - to page 86 -Interest Rates
Feb. 2 - Finish Chapter 4, A Random Walk Down Wall Street (Part 1)
Feb. 7 - A Random Walk Down Wall Street (Part 2 and 3)
Feb. 9 - Continuing to walk randomly with Part 3 and Portfolio Assignment (part 2)
Feb. 14 - Chapter 5 - Portfolio Allocation Theory - reprise
Feb. 16- Chapter 6 - Determining Market Interest Rates
Feb. 21- Chapter 7 - The Risk Structure of Interest Rates and The Term Structure of Interest Rates
February 23 - Examination 1
Financial Markets and Financial Institutions
Feb. 28 - Chapter 8 - Foreign Exchange Market and Exchange Rates
Mar. 2 - Chapter 8 - Foreign Exchange Market and Exchange Rates cont.
Mar. 7 - Chapters 9 - Derivatves
Mar. 9 - Chapter 11- Reducing Transactions and Information Costs
March 10 -20 - Spring Break
Mar. 21 - Chapter 11- Reducing Transactions and Information Costs continued
Mar. 23 - Chapter 12 - What Do Financial Institutions Do?
Mar. 28 - Chapter 13 - The Business of Banking
Mar. 30 - Chapter 14 - The Banking Industry
Apr. 4 - Chapter 15 - Banking Regulation and Regulation Assignment
April 6 - Examination 2
The Money Supply Process and Monetary Policy
Apr. 11- Chapter 16 - Banking in the International Economy
Apr. 13- Chapter 17- The Money Supply Process and The Money Supply Multiplier
Tools and Targets of Federal Reserve Policy
Apr. 18 - Chapter 18 - The Monetary Base; Chapter 19 - Organization of the Federal Reserve System
Apr. 20 - Chapter 20 - Tools of the Fed: OMO, DR and RR
Apr. 25 - Chapter 21 - Conducting Monetary Policy: Goals and Targets
Apr. 27 - Chapter 22 - The International Monetary System and Monetary Policy
May 2 - Chapter 27 - Information Problems and Channels for Monetary Policy
(Hand in Portfolio Project. Hand in your 221 Journal for the final time.)
Final Examination - May 8th, 7:30 PM
Class periods will be devoted to presentation and informal discussion of the assigned readings and occasional projects.
The following criteria will be used for course evaluation:
|Class Participation/Attendance||15 percent|
|Portfolio Project (all phases)||20 percent|
|Other Writing Assignments||5 percent|
|Examinations (2 + final)||50 percent (12.5 + 12.5 + 25 =50)|
Class Discussion/Participation: (15%)
Includes daily preparation of assigned materials and reflection about material in reading assignments and participation in class discussions. (Make sure that you are have scanned theFinancial Times,Wall Street Journal,or theNew York Timesfor relevant articles.) You must be present in class to participate (see below for attendance expectations.)
Written Assignments: (35 percent)
There will be three examinations during the course of the semester, including a comprehensive final examination.
If you would like to discuss your written work or class participation, please feel free to stop in my office, (Coleman 165) to discuss your progress.
Attendance. (standards for your class participation grade) Please
arrange your appointments for job interviews or participation in sports
events at other times than class meetings. Since participation is a large
part of evaluation, class absences will be reflected in your grade for the
In addition to the above, you may use the following as an attendance guide which will be part of my assessing "Class Discussion":
4.0 Perfect attendance. Always well prepared and contributes actively in most classes.
3.0 90% attendance. Almost always well prepared and usually contributes actively.
2.0 80% attendance. Usually prepared and contributes actively to about half of the classes.
1.0 At least 50% attendance. Only prepared about half of the time. Contributes actively about 20 % of the time.
0.0 Attends occasionally. Poor preparation.
Academic Responsibility. Students in this course, as in all others, will be held to the highest standards of academic responsibility. Bucknell has a clearly published policy on academic responsibility, which can be found in the section on regulations in your Student Handbook, in the Catalog, and on the web:
"Bucknell students are responsible for the preparation and presentation of work representing their own efforts. Acceptance of this responsibility is essential to the educational process and must be considered as an expression of mutual trust, the foundation upon which creative scholarship rests. Students are directed to use great care when preparing all written work and to acknowledge fully the source of all ideas and language other than their own." (Bucknell Catalog, 2001-02, p. 284).
Other things you should know about the course and readings.
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