Matthew Brown

Money & Banking

Econ 313

Fall 2001

MWF 11:00-11:50 Linfield 301

Instructor:             Matthew Brown

Office:                 210D Linfield Hall

Phone:                 994-5628

Email:                  mbrown@montana.edu

Office Hours:        MWF 8:45-10:45 and by appointment

Text: The Economics of Money, Banking, and Financial Markets, 6^th edition, Frederic S. Mishkin.*

  Course Outline

  Introduction*

          Mishkin Chapters 1, 2, and 3

Part I:            Financial Markets and Institutions*

          Mishkin Chapters 4, 5, 9, 10, 11, and 13

          Exam 1             October 12

  Part II: Monetary Policy and Institutions*

            Mishkin Chapters 14, 17, 18, 21, 24, 25, and 26

            Exam 2            November 16

Part III: International Finance*

            Mishkin Chapters 7, 19, and 20

            Final Exam**            December 20

*            Additional readings may be passed out in class or assigned from the Internet.

**            Cumulative, with approximately 30 percent new material.          

Grading Scheme                                               Important Dates

Exam 1                20%                             Exam 1                                 October 12

Paper Proposal      5%                             Paper Proposal Due              October 31

Exam 2                20%                             Exam 2                                 November 16

Paper                   15%                             Paper Due                             November 30

Final Exam           40%                             Final Exam                             December 20

Total                  100%

Paper

To gain a greater knowledge of a particular aspect of Money and Banking than can be acquired during class lectures each student will be responsible for one paper of 1,500-2,500 words (6 to 10 typed, double-spaced pages) due on November 30. The topic is chosen by the student subject to the instructor's approval and is limited to contemporary issues in money, banking, or financial markets.

Topic: Students should identify an article in a major publication, such as the Wall Street Journal, New York Times, Economist etc., that discusses some aspect of contemporary money, banking, or financial markets. The topic should be one that is of interest to the student and will build upon, apply, and/or expand the student's understanding of material covered in the class lectures.

Proposal: Once the student has identified an article and topic of interest, a brief 250-350 word proposal outlining the topic, why it is of interest, and what the paper will cover is due on October 31. Attach a copy of the article with the proposal. Proposals will be handed back the following week either approved or with required revisions to the topic or scope of the paper.

Paper: The paper is due by the end of class on  Friday, November 30. Late papers will be penalized 10 % (out of a possible 100 %) per weekday that they are late. For example a paper turned in on Monday, December 3 will be penalized 10%; Tuesday, 20% etc. Papers received any time after the end of class on November 30 will be considered at least 1 day late.

Documentation: Documentation of all sources is required in standard author/date format. Examples will be provided in class. In addition to the original article from the proposal and the Mishkin text, a minimum of 5 sources are required, these can include books, newspaper and magazine articles, journal articles, government publications, and websites.