THOMAS  COLLEGE

Course:

Assistant Professor:

Course Objectives:

1.  To provide students with an understanding of the U.S. monetary, banking and investment systems.

2.  To offer students an advanced understanding of monetary theory and financial events so that they may effectively compare and contrast issues in U.S. monetary and economic policy.

3.  To expose students to modern monetary modeling and forecasting techniques.

Textbook:

The Economics of Money, Banking, and the Financial Markets, by Frederick Mishkin    

Web Readings (As Assigned):

www.aw.com/mishkin                     and/or              www2.thomas.edu/faculty/libbyj

Hard-Copy/Periodical Readings:

Wall Street Journal / Business Week

Classroom reports from one of these two sources are required.  You currently have access to the W.S.J. online through Thomas College.  Students are free to purchase/share access to resources as they see fit.

Prerequisites:

EC 221 Macroeconomics, EC222 Microeconomics, and

FN225 Business Finance

Course Requirements:

Daily readings, class participation, homework, examinations, a paper and a final exam serve as the skeletal structure.  The percentage value for each component is as follows: 

Homework and Classroom Involvement: 20%

Paper/Oral Presentation: 20%

Exam # 1: 20%

Exam # 2: 20%

Final Exam: 20%

Attendance and Classroom Involvement: 

You are expected to be at every class.  A student that misses more than 3 classes receives a 2 percent deduction in the class participation grade per violation.  Example: 1 violation means that the Homework and Classroom Involvement component would become worth 18%.  Exceptions for extreme circumstances may only be granted on a case-by-case basis at the discretion of the instructor. 

Plagiarism and Cheating:  

The following policy mirrors the student and faculty handbooks:

Any form of cheating will not be tolerated.  If a student is caught cheating or plagiarizing, an appropriate punishment will be administered.  An appropriate punishment, as suggested by the Faculty Affairs Committee at Thomas College, ranges from a failing grade on the specific project to failure of the course.  The student will be informed by the faculty member, both orally and in writing, within two weeks after the faculty member has made the decision.

A student who wishes to appeal the faculty member’s decision may do so by giving written notification to the chairperson of the Academic Affairs Committee within 72 hours of written notice by the faculty member.

See the Thomas College Student Handbook for helpful guidelines to avoid plagiarism. 

Course Outline (EC 334):

MONEY, BANKING, AND THE FINANCIAL MARKETS

     Chapter                             Title 

Examination I: Ch 1-5, 9-11, during the second week of October (Tentative: Oct. 9)

Examination II: Ch 14, 17, 18, 24, 26, during the second week of November (Tentative: Nov.9)

Part III, Monetary Policy:

Term Paper: Due Dec. 2

Final Examination, Ch. 15, 16, 19, 20, 21, 22, during December final exam week (Dec. 16-20)