ECON 3303-001Money and BankingECON 3303-001Money and BankingFall 2014Instructor: Kathy KellyScheduled class time: MW 10:30a-11:50aScheduled class room: 348 Business BuildingOffice Number: 311 Business Building Office Phone Number: 817-272-3330E-mail: [email protected] Hours: MWF noon – 1:00p; TTh 9:30a-10:50a; or by appointmentPrerequisites: Econ 2305 (Principles of Macroeconomics) Course Description: Monetary and banking systems of the United States, including the problems of money and prices, proper organization and functioning of commercial banking and Federal Reserve systems, problems of monetary standards, and credit control. Recent monetary and banking trends. Student Learning Outcomes: The student will be able to:explain the role of financial markets and financial intermediaries in the financial systemanalyze interest rates using the bond marketexplain the fundamentals of bank management and bank regulationexplain the structure, tools, goals and strategy of the central bankRequired text: The Economics of Money, Banking, and Financial Markets 10th edition by Frederic S. MishkinCourse Outline:Chapter 1 – Why Study Money, Banking, and Financial Markets?Chapter 2 – An Overview of the Financial SystemChapter 13 -- Central Banks and the Federal Reserve SystemChapter 3 -- What is Money?Chapter 4 -- Understanding Interest RatesChapter 5 -- The Behavior of Interest RatesChapter 6 -- The Risk and Term Structure of Interest RatesChapter 7 -- The Stock Market, the Theory of Rational Expectations, and the Efficient Market HypothesisChapter 10 – Banking and the Management of Financial InstitutionsChapter 11 -- Economic Analysis of Financial RegulationChapter 9 – Financial CrisesChapter 14 --The Money Supply ProcessChapter 15 -- Tools of Monetary Policy Chapter 16 – The Conduct of Monetary Policy: Strategy, and Tactics (This outline may be adjusted because of time constraints.)Exams: There will be four exams. The final exam is not comprehensive. The fourth exam is thefinal exam. Each exam is worth a maximum of 100 points, and consists of 30 multiple choice questions worth three points each plus two short-answer/graphing questions worth five points each.Tentative exam dates are given below. Exam 1 – Chapters 1, 2, 13, 3; September 17 2014Exam 2 – Chapters 4, 5,6; Oct. 13, 2014Exam 3 – Chapters 7, 10, 11, 9; Nov. 12, 2014Exam 4 (Final) – Chapters 14, 15, 16; Dec. 10, 11a-1:30pHomework: There will be four homework assignments worth a maximum of 25 points each. Late assignments will not be accepted. You may turn in an assignment early if you wish. There will be no makeup homework assignments. Assignments consist of short-answer essay and graphing questions. Extra Credit: There will be no extra credit assignments.Grading and Methods of Evaluation: Letter grades will be assigned according to the following scale for total points earned:A = 450 points or above C= 350-399 points F= below 299 B = 400-449 points D= 300-349 pointsMake-up Exams: Make-up exams are available if you miss an exam for a valid reason. I reserve the right to determine validity and require proof for the absence. Please see me to schedule a make-up exam as soon as you return to class. Make-up exams consist of eight short-answer essay and/or graphing questions.Attendance Policy: At The University of Texas at Arlington, taking attendance is not required. Rather, each faculty member is free to develop his or her own methods of evaluating students’ academic performance, which includes establishing course-specific policies on attendance. As theinstructor of this section, I do not take attendance. Students are expected to attend each class. Students who must miss class are responsible for securing any and all coursework missed.Blackboard: I will use Blackboard, an electronic learning software platform, for the distribution of course information. Go to http://elearn.uta.edu/ to log in. Be sure to check our Blackboard siteon a regular basis for announcements, exam reviews, and other material related to class.Drop Policy: Students may drop or swap (adding and dropping a class concurrently) classes through self-service in MyMav from the beginning of the registration period through the late registration period. After the late registration period, students must see their academic advisor to drop a class or withdraw. Undeclared students must see an advisor in the University Advising Center. Drops can continue through a point two-thirds of the way through the term or session. It isthe student's responsibility to officially withdraw if they do not plan to attend after registering. Students will not be automatically dropped for non-attendance. Repayment of certain types offinancial aid administered through the University may be required as the result of dropping classes or withdrawing. For more information, contact the Office of Financial Aid and Scholarships (http://wweb.uta.edu/aao/fao/).Americans with Disabilities Act: The University of Texas at Arlington is on record as being committed to both the spirit and letter of all federal equal opportunity legislation, including the Americans with Disabilities Act (ADA). All instructors at UT Arlington are required by law to provide "reasonable accommodations" to students with disabilities, so as not to discriminate on the basis of that disability. Any student requiring an accommodation for this course must providethe instructor with official documentation in the form of a letter certified by the staff in the Officefor Students with Disabilities, University Hall 102. Only those students who have officially documented a need for an accommodation will have their request honored. Information regarding diagnostic criteria and policies for obtaining disability-based academic accommodations can be found at www.uta.edu/disability or by calling the Office for Students with Disabilities at (817) 272-3364.Title IX: The University of Texas at Arlington is committed to upholding U.S. Federal Law “TitleIX” such that no member of the UT Arlington community shall, on the basis of sex, be excluded from participation in, be denied the benefits of, or be subjected to discrimination under any education program or activity. For more information, visit www.uta.edu/titleIX.Academic Integrity: Students enrolled all UT Arlington courses are expected to adhere to the UTArlington Honor Code:I pledge, on my honor, to uphold UT Arlington’s tradition of academic