Economics 320
Money and Banking
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Location and Time
Lecture: MacLean
Hall MWF 9:30
Office Hours: MWF 1-:30-4:30, TR
9:00-11:00
Instructor: Gregory W. Stutes
e-mail: stutes@mnstate.edu
Phone: 477-4027
Office: 380K MacLean
Textbook: Stephen G. Cecchetti
Tests, Homework, etc.
There will be six problem sets during the semester, two midterms, an investment term project, and a comprehensive final.
No late assignments will receive full credit without written documentation of the EMERGENCY which caused the assignment to be late. If a test is missed without prior approval, the student must have written documentation of the EMERGENCY to receive a make-up test instead of a zero. Make-up tests may increase in difficulty from the original.
Assignments may be handwritten or typed, but are expected to be well organized and a legible "final product." Points can and will be deducted if the answers are difficult to read.
Any student in this course who has a disability the may prevent him/her from demonstrating his/her abilities should contact me personally as soon as possible so that we can discuss accommodations necessary to ensure full participation.
Any student who will miss a class in which an assignment is due or a test is to be taken to observance of a religious holiday must notify me at least one week prior to the date of the missed class to avoid late penalties or receive a make-up test.
Grades: There are 1000 points possible in the class and are distributed as follows:
Homework 180
Term Project 130
Midterm 1 170
Midterm 2 220
Final 300
| Date | Subject | Update | Reading | Homework | Notes |
| 8-23 Mon |
Why Study Money, Banking, and Financial Markets | Chapter 1 | |||
| 8-25 Wed |
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| 8-27 Fri |
What is Money | Chapter 2 | |||
| 8-30 Mon |
Overview of the Financial System | Chapter 3 | |||
| 9-1 Wed |
Understanding Interest Rates | Chapter 4 | |||
| 9-3 Fri |
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| 9-6 Mon |
Labor Day | ||||
| 9-8 Wed |
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| 9-10 Fri |
Portfolio Choice | Chapter 5 | Homework #1 Due Friday 9-17 | ||
| 9-13 Mon |
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| 9-15 Wed |
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| 9-17 Fri |
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| 9-20 Mon |
The Behavior of Interest Rates | Chapter 6 | Homework #2 Due Friday 9-24 | ||
| 9-22 Wed |
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| 9-24 Fri |
Risk Structure and Term Structure of Interest Rates | Chapter 7 | |||
| 9-27 Mon |
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| 9-29 Wed |
Midterm I | ||||
| 10-1 Fri |
Stocks, Stock Markets, and Market Efficiency | Chapter 8 | Term Paper |
Tutorial 1 Tutorial 2 Tutorial 3 Tutorial 4 Tutorial 5 |
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| 10-4 Mon |
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| 10-6 Wed |
Derivatives | Chapter 9 |
Homework 3 Due 10-13 Key 3 |
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| 10-8 Fri |
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| 10-11 Mon |
Fall Breather | ||||
| 10-13 Wed |
Foreign Exchange | Chapter 10 | |||
| 10-15 Fri |
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| 10-18 Mon |
Financial Intermediation | Chapter 11 |
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| 10-20 Wed |
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| 10-22 Fri |
Bank Management | Chapter 12 | |||
| 10-25 Mon |
HW #4 Due 11-1 | ||||
| 10-27 Wed |
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| 10-29 Fri |
Structure and Regulation | Chapter 13 & 14 | Answer Key 4 | ||
| 11-1 Mon |
Study Guide for Test II NO Chapters 12, 13, or 14 on this test!!!!! |
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| 11-3 Wed |
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| 11-5 Fri |
Midterm II | ||||
| 11-8 Mon |
Central Banks in the World | Chapter 15 | |||
| 11-10 Wed |
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| 11-12 Fri |
Federal Reserve | Chapter 16 | |||
| 11-15 Mon |
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| 11-17 Wed |
Money Supply Process |
Chapter 17 |
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| 11-19 Fri |
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| 11-22 Mon |
Monetary Policy | Chapter 18 | |||
| 11-24 Wed |
Thanksgiving | ||||
| 11-26 Fri |
Thanksgiving | ||||
| 11-29 Mon |
Monetary Policy Tools | Chapter 18 | Basic Study Guide (I
will add more later) Comprehensive Questions |
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| 12-1 Wed |
Exchange Rate Policy | Chapter 19 | |||
| 12-3 Fri |
Exchange Rate Policy | ||||
| 12-6 Mon |
Modern Monetary Policy | ||||
| 12-8 Wed |
Study Day | ||||