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Econ 354: Money and Banking
Current Semester: Spring 2007
Section 01:
Meets T TR from 2:15pm - 3:30pm in C1004
Click here for the Syllabus
This course focuses on money and the banking system and comprises of three main parts. We will start the course with an introduction to money, interest rates and the concept of present discounted valuation. The first part of the course will go on to review the determinants of the money supply process, the operations of monetary policy and its goals, and the demand for money. Part two will introduce some monetary theory by examining the effects of (coordinated) monetary (and fiscal) policy on the economy within the context of the IS-LM framework. Finally, the last part of the course will examine interest rates further, with regards to their behavior, concepts of risk and also (time permitting) provide a brief overview of the institutional arrangements that apply to money, banks and other financial intermediaries and institutions.
Aplia Access
Money and Banking, ECON 354-01, Spring 2007
Professor Yamin S AhmadECON 354-01 meets Tue/Thu in C1004 at 2:15pm
Your course key is: DK87-2YKJ-XKBP
Course Fee: $35.00 USD.To get started, please do the following:
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Lectures
Note: These lecture notes are not meant as a substitute for your own class notes. Rather, they are meant to assist you in taking class notes. In no cases are they complete representations of the course material, and in most cases, they will not be comprehensible without having attended class.
Files can be viewed with Adobe Acrobat Viewer 
(click here to download)
If you prefer to have the Powerpoint presentations, click here
| Course Schedule | |||
|---|---|---|---|
| Week | Subject | Lecture Notes | Mishkin Reading |
| 1 | Introduction to Financial Markets and Money |
Skim chapters 1-3 |
|
| Review of AD-AS | Appendix Chapter 1 Chapter 23 - pp 536:550 Chapter 25 |
||
| 2 | Introduction to Money; Review of AD/AS and effects of monetary policy. |
Lecture2.pdf | Chapters 3
|
| In Class Workshop: A Trading Experiment (Please download instructions on the right) |
Instructions for Trading Experiment | ||
| 3 | Introduction to Interest Rates |
Lecture3.pdf | Chapter 4 |
| Experiment: Scheduled for second half of regular class time on Thursday! | |||
| 4 | Central Banks and the Federal Reserve System | Lecture4.pdf | Chapter 14 |
| 5 | Money Supply and Money Creation; Money multiplier; factors affecting money supply | Lecture5.pdf | Chapters 15 and 16 |
| 6 | Midterm 1 Exam: in class at regular scheduled time on Tuesday | ||
| Market for Reserves and Federal Funds | Lecture6.pdf | Chapter 17 | |
| 7 | The Demand for Money | Lecture7.pdf | Chapter 22 |
| 8 | Goals and Targets of Monetary Policy | Lecture8.pdf | Chapter 18 Chapter 21: pp. 487-488, 496-512 Chapter 27: pp 650-655 |
| 9 | The IS-LM Model | Lecture9.pdf | 23 |
| 10 | IS-LM Part II | Lecture10.pdf | Chapter 24, 25 |
| 11 | Midterm 2 Exam: in class at regular scheduled time on Thursday | ||
| 12 | Policy Implications in IS-LM; Shocks | Lecture11.pdf | |
| Experiment: Scheduled for second half of regular class time on Thursday! | |||
| 13 | The Behaviour of Interest Rates | Lecture12.pdf | Chapter 5 |
| 14 | Risk and Term Structure | Lecture13.pdf | Chapter 6 |
| 15 | The Stock Market; Expectations | Lecture14.pdf | Chapter 7 |
Problem Sets
Problem sets are posted on Aplia. Please sign in to Aplia to access the problem sets for this week.
Instructions on how to register on Aplia can be found here.
Exams
This is where you will find exams and answer keys after you have taken them.
Exams This Semester
Exams this semester and solutions will be posted here after you have taken them.
Final Exam Schedule:
May 17th (in regular classrooms) : 10:00am - 12:00pm
Sample Exams and Past Exams
Semester Sample Spring 2005 Fall 2005 Spring 2006