Economics 320
Money and Banking
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Location and Time
Lecture: MacLean
Hall MWF 11:00
Office Hours:
MW 2:00-4:00, T 9:00-12:00, T 1:00-4:00
Instructor: Gregory W. Stutes
e-mail: stutes@mnstate.edu
Phone: 477-4027
Office: 380l 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 | |
Week 1 | ||||||
1 | 8-26 Mon |
Why Study Money, Banking, and Financial Markets | Chapter 1 | |||
2 | 8-28 Wed |
What is Money | ||||
3 | 8-30 Fri |
Overview of the Financial System | Chapter 2 | |||
Week 2 | ||||||
9-2 Mon |
Labor Day | Chapter 3 | ||||
4 | 9-4 | Overview of the Financial System II | Chapter 4 | |||
5 | 9-6 | Understanding Interest Rates | ||||
Week 3 | ||||||
6 | 9-9 Mon |
Homework #1 Due 9-18 |
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7 | 9-11 Wed |
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8 | 9-13 Fri |
Understanding Risk & Portfolio Choice | Chapter 5 | |||
Week 4 | ||||||
9 | 9-16 Mon |
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10 | 9-18 Wed |
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11 | 9-20 Fri |
Homework #2 Due 9-27 |
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Week 5 |
Termpaper |
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12 | 9-23 Mon |
The Behavior of Interest Rates | Chapter 6 | |||
13 | 9-25 Wed |
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14 | 9-27 Fri |
Risk Structure and Term Structure of Interest Rates | Chapter 7 | |||
Week 6 |
Study Guide for Midterm 1 Midterm will be Friday 10-11 Do not worry about the mini assignment for the term paper. We have enough to catch-up on first. |
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15 | 9-30 Mon |
Answer key 2 | ||||
16 | 10-2 Wed |
Midterm I | ||||
17 | 10-4 Fri |
Stocks, Stock Markets, and Market Efficiency | Chapter 8 | |||
Week 7 | ||||||
18 | 10-7 Mon |
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19 | 10-9 Wed |
Derivatives | Chapter 9 | |||
20 | 10-11 Fri |
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Week 8 | ||||||
10-14 Mon |
Fall Breather | |||||
21 | 10-16 Wed |
Foreign Exchange | Chapter 10 | |||
22 | 10-18 Fri |
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Week 9 | ||||||
23 | 10-21 Mon |
Financial Intermediation | Chapter 11 |
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24 | 10/-23 Wed |
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25 | 10-25 Fri |
Bank Management | Chapter 12 |
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Week 10 | ||||||
26 | 10-28 Mon |
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27 | 10-30 Wed |
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28 | 11-1 Fri |
Structure and Regulation | Chapter 13 & 14 | |||
Week 11 | ||||||
29 | 11-4 Mon |
Homework:
Derivatives and FX A look at stocks for the termpaper These are both due Sunday Nov 10 by 10pm I will grade them on Vet's Day and return them Wednesday. Our Test is on Nov 15!!! The midterm is over the derivatives chapter, the foreign exchange chapter, the LTCM video, and the Meltdown video. https://www.pbs.org/wgbh/frontline/film/meltdown/ I do not see the first video. It is called the Trillion Dollar Bet in the US and was part of Nova. The Nova site has the transcript, but not the video. I will continue to search. |
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30 | 11-6 Wed |
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31 | 11-8 Fri |
Study Guide II | ||||
Week 12 | ||||||
32 | 11-11 Mon |
Central Banks in the World | Chapter 15 | |||
33 | 11-13 Wed |
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34 | 11-15 Fri |
Federal Reserve | Chapter 16 |
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Week 13 | ||||||
35 | 11-18 Mon |
Money Supply Process | ||||
11-20 Wed |
Thanksgiving |
Chapter 17 |
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11-22 Fri |
Thanksgiving | |||||
Week 14 | ||||||
36 | 11-26 Mon |
Money Supply Process | Chapter 18 | |||
37 | 11-28 Wed |
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38 | 11-30 Fri |
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39 | 12/2 Mon |
Monetary Policy Tools | Chapter 18 |
Last Homework--Due on Study Day Comprehensive Questions Do not forget about those Hiney's, they need help, but fortunately they have you. I will provide a study guide tomorrow. Here is a study guide. It is a bit larger than i wanted, but i think it has nearly everything that may be on the final Guide |
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40 | 12/4 Wed |
Exchange Rate Policy | Chapter 19 | |||
41 | 12/6 Fri |
Exchange Rate Policy | ||||
42 | 12/19 Mon |
Modern Monetary Policy | Chapter 23 | |||
43 | 12/11 Wed |
Study Day | ||||