Syllabus ECO 4201 Fall 2016.v3

BARUCH COLLEGE, THE CITY UNIVERSITY OF NEW YORK
Department of Economics and Finance

Economics 4201: Monetary Economics
Fall Semester 2016 August 25, 2016 to December 21, 2016
Professor Rhonda Halpern
SYLLABUS
Course Identifying Information: ECO 4201 - Fall Semester 2016
Section: ETRA- Class Number: 37174
Classroom: B-Vert 13-145
Meeting Times during the Week: Tuesday and Thursday: 2:30 PM 3:45 PM
E-Mail: rhonda.halpern@baruch.cuny.edu
Office: Vertical Campus Bldg., Economics & Finance Dept. 10th Floor
Office Hours: Tuesday from 1:30 PM to 2:30 PM
Virtual Office Hours: I am available via email and by appointment
Course Description:
A survey of monetary theory. Forces responsible for the behavior of our monetary and
credit system; mechanisms and objectives of monetary activity.
This course should expand the students knowledge base; sharpen their analytical skills;
and improve their oral communication and written communication skills.
Course Materials:
Assignments should be read before class.
Required:
Mishkin, Frederic S. The Economics of Money, Banking, and Financial Markets 11th
Edition. Boston, Mass.: Pearson Education, Inc., publishing as Pearson Addison-Wesley,
www.pearsonhighered.com or Baruch College Bookstore: ISBN 978-0-13-383679-0.
Optional:
MyEconLab plus eBook 1-semester Student Access Kit.
Study Guide to the Economics of Money, Banking, and Financial Markets.
Additional readings will be assigned during the semester on current policy and financial
issues.
You will also be asked to review Federal Reserve speeches as well as the Federal Open
Market Committee (FOMC) meeting results and minutes. Students should be ready to
give their opinion on Federal Reserve/FOMC actions taken at these meetings. Relevant
information is available on the Federal Reserve Boards website:
http://www.federalreserve.gov/
In addition, current economic and financial markets events will be discussed in class.
Students are encouraged to read articles related to class topics found in publications, to
include the Wall Street Journal, the New York Times, and the Economist.
Grading Procedures:
The chapters to be covered in this course are listed below. The textbook specified above
will serve as the primary source of knowledge and learning in this course. Class lectures
will be the secondary source. Additionally, documents and articles posted on Blackboard
and discussed in class will also be included in course requirements.
Written Assignments: Since this is a writing intensive course, there will be three (3)
short writing assignments, each in response to a case study. Each assignment will run
two to three pages long, typed and double-spaced. The requirements of each case study
will be discussed in class. Additionally, the assignments will be posted on Blackboard.
A student must write and submit all three assignments by the specified due dates. This is
a key component of the course and failure to submit all three assignments will result in a
failure of the course. Late submissions require my prior approval and may incur a gradepenalty for severely delinquent submissions.
Examinations: There will be a midterm examination and a final examination.
Students must successfully take both scheduled examinations to receive a passing course
grade. You will need a calculator for the examinations. It cannot be a graphing
calculator, or any device with storage or communication capabilities.
Make-up exams will be different than the classroom exams.
Make-up exams will only be given in the case of (1) a medical emergency documented
with a doctors note, or (2) due to other emergent, unexpected and unavoidable reasons
which have to be explained in writing and supported by appropriate documentation for
verification. Additionally, students must inform me as soon as possible but no later than
the date of the exam.
A student who does not take the final exam, and in compliance with the criteria stated
above and with my approval, will receive a grade of Incomplete (INC) until the final
make-up exam is taken. The date of the make-up exam will be determined by me and
agreed to by the student.
Project: There will be a team project which will require class presentation and a
submitted report. The topic and requirements will be discussed in class and posted on
Blackboard.
Participation: You are expected to participate in class discussions. If you are engaged
during class, the learning process will be enhanced. Class participation and contributions
to discussions may count towards your grade.
Attendance and Class Etiquette: Students are expected to attend class sessions. A
student should cut no more than four (4) classes during the semester. Attendance will be
taken. Attendance may count towards your grade when deciding close calls for final
grades. You are expected to show up on time and stay for the entire class.
All mobile phones and communication devices should be turned off during class. Food is
not permitted in the classroom at any time.
Grading System:
Listed below are the grade weights for the course requirements:
Midterm:
30%
Final:
30%
Written Assignments:
25%
Team Project:
15%
CHAPTERS/ TOPICS OF LECTURES

INTRODUCTION
Chapter 1: Why Study Money, Banking and Financial Markets?
Chapter 2: Overview of Financial Markets
Chapter 3: What is Money?
FINANCIAL MARKETS
Chapter 4: Understanding Interest Rates
Chapter 5: Behavior of Interest Rates
Chapter 6: Risk and Term Structure of Interest Rates
Chapter 7: Stock Market, Theory of Rational Expectations, Efficient Market Hypothesis
FINANCIAL INSTITUTIONS
Chapter 9: Banking and the Management of Financial Institutions
Chapter 10: Economic Analysis of Financial Regulation
Chapter 11: Banking Industry: Structure and Competition
Chapter 12: Financial Crisis
CENTRAL BANKING & CONDUCT OF MONETARY POLICY; MONETARY
THEORY
Chapter 13: Central Banks and the Federal Reserve System
Chapter 14: Money Supply Process
Chapter 15: Tools of Monetary Policy
Chapter 16: The Conduct of Monetary Policy
Chapter 19: Quantity Theory, Inflation and the Demand for Money
Chapter 22: Aggregate Demand and Supply Analysis
INTERNATIONAL FINANCE AND MONETARY POLICY
Chapter 17: Foreign Exchange Market
Chapter 18: International Financial System
Final Examination: Tuesday December 20th 3:30 PM-5:30 PM *
*Final examination schedule is set by the Registrars office and is tentative.
Updates and addendums to the Syllabus will be communicated and posted on
Blackboard
Academic Integrity:
I fully support Baruch College's policy on Academic Honesty, which states, in
part:
"Academic dishonesty is unacceptable and will not be tolerated. Cheating,
forgery, plagiarism and collusion in dishonest acts undermine the college's
educational mission and the students' personal and intellectual growth. Baruch
students are expected to bear individual responsibility for their work, to learn the
rules and definitions that underlie the practice of academic integrity, and to
uphold its ideals. Ignorance of the rules is not an acceptable excuse for
disobeying them. Any student who attempts to compromise or devalue the
academic process will be sanctioned. "
Academic sanctions in this class will range from an F on the assignment to an F
in this course. Additionally, a report of suspected academic dishonesty will be
sent to the Office of the Dean of Students. This report becomes part of your
permanent file. Additional information and definitions can be found at
http://www.baruch.cuny.edu/academic/academic_honesty.html

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BARUCH COLLEGE, THE CITY UNIVERSITY OF NEW YORK

Department of Economics and Finance

CHAPTERS/ TOPICS OF LECTURES

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