ࡱ>  @ bjbjPP (::D2D2D2D2t2DLh4444r4M5M5M53L5L5L5L5L5L5L$NRnP~YL8M5M588YL4r4nLv:v:v:84r43Lv:83Lv:v:VC@C4T3 pw-+D28_C 'I L0LkCxPx9PCCPC0M55|v:w6d6M5M5M5YLYLdDl: Money and Banking, Spring 2010 Economics 320 Lecturer: Dr. Niklas Hunter Office: Sage Hall 2123 E-mail: niklas.hunter@csuci.edu Office hours: T/R 3:00 - 4:00pm Class time: Class location: W 9:00-11:50am Broome Library 2330 Mid-term exam: Wednesday, March 17 (in class) Final exam: Wednesday, May 12, 10:30 12:30 pm Course website:  HYPERLINK "http://blackboard.csuci.edu" http://blackboard.csuci.edu Required reading: M&B by Dean Croushore (1st edition, South-Western, 2010) Grading system Your grade for the course is based on homework and exams in the following way: TaskPercent of gradeHomework assignments15Group Presentations 10Midterm exam Final exam 35 40 Grades for total points from the homework and exams will be assigned according to the following distribution: 90%-100%: A+, A, A- 80%-89%: B+, B, B- 70%-79%: C+, C, C- 60%-69%: D+, D, D- I may also adjust the scores to account for the difficulty of the exams. For example, if few people get a final score above 90% because of difficult exams, then I will give out more As to account for difficultly of the exams. In this case, I typically assign a median (midpoint) grade of a B-/C+. Exams There will be no make-up exams, so if you can not attend class on the day of the midterm or you can not attend the final exam, please do not enroll in this course for a grade. You are welcome to take the course for a pass-fail grade. The mid-term exam will cover all material up to that date. The final exam will concentrate on material after the mid-term exam, but will also include some earlier material. Both exams will include multiple choice and short answer questions based on the lecture notes and assigned reading. Homework assignments Homework assignments must be turned in at the beginning of lecture. Late homework will not be accepted. The assignments will typically consist of 15 multiple choice problems based on the assigned reading and lecture notes. I will drop the lowest score. Group Presentations Students will prepare and present review session material for either the midterm or the final exam. The presentations will occur in lecture on March 10 (the week before the midterm) and again on May 5 (the week before the final exam). Each student can work in a group of up to 3 students. The presentation is mandatory, and both a date and topic must be selected by February 17th. Please see the instructions on Blackboard for specific instructions. Course overview This course will study financial institutions and monetary policy in the US. We will consider the role of money, interest rates, and bonds in the economy. We will also study the importance of regulating the banking system, and the tools of monetary policy, and why the current financial crisis happened. The course is a mix of theory and applications of theory to real policies and issues. The theory is intended to give you a methodical way to think about important issues in economics (and in real life) and to simplify them so that they are more comprehensible. Learning objectives: At the end of this course, good students will be able to define money and to understand its use to calculate interest rates on bonds to predict how interest rates change in response to outside economic changes to explain how banks use a balance sheet to explain important banking regulations in the US to explain how the Federal Reserve System functions to explain how money is created by banks to predict how monetary policy influences inflation, production and employment Cheating Don't cheat. Any case of cheating, including looking at another students test booklet while taking an exam will be referred to Judicial Affairs. Working with fellow students on homework assignments, however, is not cheating and is encouraged. Disability Accommodations: Cal State Channel Islands is committed to equal educational opportunities for qualified students with disabilities in compliance with Section 504 of the Federal Rehabilitation Act of 1973 and the Americans with Disabilities Act (ADA) of 1990. The mission of Disability Accommodation Services is to assist students with disabilities to realize their academic and personal potential. Students with physical, learning, or other disabilities are encouraged to contact the Disability Accommodation Services office at (805) 437-8510 for personal assistance and accommodations. Mandatory Furloughs. The California State University system requires that nine days this semester be scheduled as mandatory furlough days (non-teaching). I have not designated any furlough days that interfere with our regular class meetings. DateLecture topicAssigned readingHomework assignment20 Jan.Introduction to Money and BankingChapter 127 Jan. 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