Money and Banking
Spring 2006


THE REAL MUSCLE ON WALLSTREET!!

 
 

Syllabus

Money and Banking Syllabus

Assignments

Problem Set #1

Problem Set #2

Web Based Lectures
(View class lecture notes on the web)
Lecture #1 Syllabus handed out in class.

Lecture #2-#3 AS/AD (Chapter 25, 7th edition; chapter 24 earlier editions)

(a pdf version of this lecture)

Lecture #3-#4 Expectations and the Phillips Curve (my notes)

Lectures #4-#5 (overview and development of the simple demand deposit multiplier. Chapter 15)

(a pdf version of this lecture)

Lecture #6-#7 Determinants of the Money Supply (Chapter 16)

(a pdf version of this lecture)

Lecture #8 Tools of Monetary Policy (chapter 17)

(a pdf version of this lecture)

Lecture #9 Conduct of Monetary Policy: Goals and Targets (chapter 18) and Videotape on the Inner Sanctum

(a pdf version of this lecture)

Lecture #10 Transmission Mechanisms of Monetary Policy: The Evidence (chapter 26)

(a pdf version of this lecture)

Lecture #11 Money and Inflation (Chapter 27)

(a pdf version of this lecture)

Lecture #12 The Behvaior of Interest Rates (Chapter 5)
(Power Point version of the lecture)

Lecture #13 The Risk and Term Structure of Interest Rates (Chapter 6)
(Power Point version of the lecture)
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Underconstruction
Day and Date
Topic

Class #15

Thursday October 21

Dreamweaver Training

Class #16

Monday

October 25

 

Our Agenda

  1. Exam #1 Handed back and discussed
  2. Economics Web Ring
  3. Assignment due Thursday
  4. Have you pruchased Term at the Fed? If not, why not? Please buy it this week.

Today we finish our Discussion of the Behavior of Interest Rates:

Lecture #12 The Behvaior of Interest Rates (Chapter 5)
(Power Point version of the lecture)

  • We developed the liquidity Preference model
  • We developed the loanable funds model
  • We will discuss the
    • liquidity effect
    • income effect
    • price level effect
    • expected inflation effect
  • We will look at the trend in interest rates over time
  • We will look at the various possible paths that interest rates can take
  • We will consider the Supply and Demand for Gold as a proxy for physical assets, goods and services.
  • Combined with the liquidity preference and loanable funds models we have a complete model for the determination of interest rates and asset prices.

Next, we will move back to Conduct of Monetary Policy: Goals and Targets

  • We will Begin with the History of Fed Policy Procedures. The Mishkin text does a great job with this material.

Assignment for Thursday October 28

  • Group project proposals
    • About a page describing your topic
    • Who is in the group?
    • Note whether or not you are building on an already existing website
Class #17
Thursday 
October 28
Hand in your Group Projects
We will discuss your projects in class
Have you looked at the Economics Web Ring? 
Have you ordered A Term at the Fed?  If not do it today.
Class #18

Monday

November 1

 We will move back to Conduct of Monetary Policy: Goals and Targets

  • We will Begin with the History of Fed Policy Procedures. The Mishkin text does a great job with this material.

Have you ordered A Term at the Fed? If not do it today.

Class #19

Thursday

November 4

 

Have you ordered A Term at the Fed? If not do it today.

Class #20

Monday

November 8

  Lecture #10 Transmission Mechanisms of Monetary Policy: The Evidence (chapter 26)

(a pdf version of this lecture)

Just a friendly reminder: Have you ordered A Term at the Fed? If not do it today.

Class #21

Thursday

November 11

 

Lecture #11 Money and Inflation (Chapter 27)

(a pdf version of this lecture)

With some references made back to

Lecture #12 The Behvaior of Interest Rates (Chapter 5)
(Power Point version of the lecture)

Psssst! Hey you! I have a hot tip. Do you own A Term at the Fed? If not buy it today.

Class #22

Monday

November 15

  Continuation of

With some references made back to

Class #23

Thursday

November 18

 Preparation and review for Exam #2

Web project updates So how are the projects? Any questions? Need advice? Have you found the material that you had hoped to find?

We have a new research toy try it out!

Scholar Google

Class #24

Monday

November 22

 Exam #2

Thanksgiving Break

6pm Tuesday November 23 - 8am Monday Novmber 29

Class #25

Monday

November 29

 Exam #2 Returned

Discussion of Exam

Strategies for Final Exam Preparation

  1. Begin by Reviewing and resolving all problems on both Exams
  2. Review all class notes and do not forget the numerous posted notes.
  3. Review the text. remember that the notes for this course were designed to go witht he Mishkin text. this is an excellent textbook.
  4. Be sure to pay special attention tot hose chapters in which Mishkin excells, i.e., history of Fed prcedures, transmission mechanisms etc.

Class #26

Thursday

December 2

 Thursday December 2

Class Discussion: Maestro and Term at the Fed

Web project concerns

Class #27

Monday

December 6

 Monday December 6

Class Discussion: Solow/Taylor debate

Last minut web project questions and concerns

Class #28

Thursday

December 9

 Thursday December 9

Class Presentations: 1:30 - 4:15

Final Exam

Friday December 17

2:00pm