Department of Economics, Emory University

Syllabus for Money and Banking (E411WR)

Fall, 2007

Instructor: Stefan Krause (skrause@emory.edu)
Classroom: 107 Anthro; Tue & Thu, 1:00pm-2:15pm
Office Hours: Tue & Thu, 2:30-3:30pm, and by appointment
Office: 321 Rich Hall    Phone: 404-727-2944
 

Textbook

Mishkin, F. S., The Economics of Money, Banking, and Financial Markets, 8th edition, Addison-Wesley.


Grading

There will be three exams during the semester (no final), which will be equally weighted and will amount to 45% of your grade. 10% of your grade will be accounted for by short quizzes. The remaining 45% of your grade will be accounted for by a 1-page proposal (5%, due November 15th), and a term paper (40%, due December 11th).


Website / Practice Exams

Chapter synopses, student practice quizzes and other materials can be found in the textbook's website

Review for Midterm III (a.k.a. Final Exam):   Practice Test   Solutions


Quiz and Exam Schedule / Paper due date

- Quiz # 1	Thursday, September 13th; 1:00 PM	2 %
- Quiz # 2	Thursday, September 27th; 1:00 PM	2 %
- Exam # 1   (Chapters 1-5)	Thursday, October 4th; 1:00 PM	15 %
- Quiz # 3	Thursday, October 18th; 1:00 PM	2 %
- Quiz # 4	Thursday, November 1st; 1:00 PM	2 %
- Exam # 2   (Chapters 8-11)	Thursday, November 8th; 1:00 PM	15 %
- 1 page proposal due	Thursday, November 15th; 1:00 PM	5 %
- Quiz # 5	Thursday, November 29th; 1:00 PM	2 %
- Term Paper due	Tuesday, December 11th; 1:00 PM	40 %
- Exam # 3   (Chapters 12, 15 & 16)	Tuesday, December 18th; 4:30 PM	15 %
- Total		100 %

The exam times may be subject to change. Any changes will be announced in class and it is the student’s responsibility to ensure that they become aware of the changes to the schedule. Please note that there will be no class on Tuesday, October 9th (Fall Recess); and on Thursday, November 22nd (Thanksgiving).


Information about the term paper

Paper Description: The broad topic of the essay is to examine the future of money, financial institutions and monetary policy. In particular you can focus your attention on the following (non-exhaustive) list of sub-topics:

-    Moving towards a cashless society
-    Financial innovation and new financial instruments
-    The role of monetary policy in the absence of money
-    Will national currencies disappear in the future?

Paper Necessities: The below cited are technicalities that must be fulfilled in order for the paper to be accepted.

1.     No less than 10 and no more than 20 pages, double spaced.
2.     Have 1.25” margins on left and right, and 1” margins on top and bottom.
3.     Use “Courier”/“Courier new” or equivalent font, size 12.
4.     Relevant graphs/tables must be inserted electronically (i.e. do not paste/draw graphs in).
5.     Pages must be stapled (No paper clips or folded corners).
6.     Include a reference section at the end.
7.     Cite at least 5 articles/books as references
8.     Direct quotations must be cited. Paraphrasing statements that are an opinion and clearly not common knowledge must be cited.

Paper Reference Materials: The “Econlit” database on “Galileo” will provide very helpful in the process of searching for articles/books. Some very accessible and relevant economic journals (all of which are available at the Woodruff Library) include:

-    Journal of Economic Literature
-    Journal of Economic Perspectives
-    Journal of Macroeconomics

You may also consult other non-academic journal sources such as The Wall Street Journal, The Economist, BusinessWeek, etc.

Finally, you may also access a website with several library and data resources, which was designed especially for this course.

Paper Grading (40% of your grade): There will be four aspects of equal importance which I will use to evaluate the term paper:

-    25% Originality
-    25% Presentation/style readability
-    25% Persuasiveness of arguments
-    25% Incorporation of evidence/outside references

Proposal (5% of your grade): 1-page proposal of the paper is required.