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The University of Mississippi Online

ECON/FIN 303, Money and Banking

Version 1


(662) 915-7313
3 credit hours

Instructor Information:

Dave Nichols

Instructor: Lateef A Subair
Instructor in Economics

Instructor Information: Lateef Subair is an instructor in the Economics Department. He received his B.Sc in Economics at the University of Lagos, and his M.A in Economics from the University of Mississippi.
Lateef has 4 years banking experience in the private sector. Courses he has taught include Principles of Macroeconomics, Principles of Microeconomics, Business Statistics, and Money and Banking.

Contact Information:

If you have questions concerning the content of the course, you may contact the instructor directly using the Email Your Instructor link in the Lessons page.

NOTE: Whenever sending email, please be sure to indicate your course title and number in the subject line. Blackboard email correspondence is preferred. You can expect a turnaround time of up to 72 hours to any email you send.

For lesson or test administration issues, please contact the iStudy department:

The University of Mississippi
Division of Outreach and Continuing Education
iStudy
P. O. Box 1848
University, MS 38677

Phone: (662) 915-7313, toll-free (877) 915-7313
Fax: (662) 915-8826
E-mail: istudy@olemiss.edu

Course Description

Principles of Microeconomics introduced us to how economic agents respond to changing incentives. In Principles of Macroeconomics, we learnt about how collective interactions of all agents may aggregate and produce different economic outcomes. Specifically, we learnt, in macroeconomics, how GDP, inflation, unemployment, and other macroeconomic aggregates are measured. Analytical models of macroeconomic performance, growth in the long run, short-run fluctuations, fiscal and monetary policies were also developed in macroeconomics. Finally, principle of macroeconomics introduced us to international trade and finance and we are going to pursue these topics further in this course.

In this course, we shall study the influence of money and banking activities on the macro economy in great details. Monetary and fiscal policies and their effects on banking will also be studied extensively in this course. Recent events in the United States and global financial market such the global financial crisis of 2007-2009 and the Dodd-Frank Wall Street Reform and Consumer protection Act of 2010 will be covered extensively in this course. New innovations in electronic payment system like the Bitcoin and the implication of cashless society on the global financial markets will be examined in this course. Finally, we shall learn about the policy options (for example, Quantitative Easing) available to the Federal Reserve when traditional monetary policy tools like Open Market Operations (OMO) are no longer effective (a problem known as liquidity trap) due to ìZero lower Bound on interest rates.

Textbook Information:

ACCY 101 TEXTBOOK

Required Textbook:

Federick S. Mishkin, The Economics of Money, Banking and Financial Markets (Student Value Edition)

Columbia University. Eleventh Edition (2016). ISBN: 9780134047393

OR:

Federick S. Mishkin, The Economics of Money, Banking and Financial Markets (E-copy Edition)

ISBN: 9780133862515

NOTE: you will not need access to MyEconLab to complete the materials in this course.

 

It is your responsibility to order your textbook. Online textbook retailers such as Amazon.com, ABEbooks.com, or Half.com usually provide used textbooks at economical prices.

Use the ISBN number to make sure you are ordering the exact book required in this syllabus.

Course Objectives:

In this course, you will:

  • Be introduced to intermediate tools of economic analyses such as the IS/LM curve
  • Become familiar with important monetary economics concepts and terms
  • Learn financial terminology and concepts
  • Understand the United States financial markets and monetary institutions including the Fed, ìto big to failî commercial banks, and Credit Unions
  • Be exposed to intermediate macroeconomic models
  • Learn the history of monetary policy in the United States, including landmark financial legislations such as Dodd-Frank, Wall Street Reforms, the Consumer Protection Act of 2010, Sarbanes-Oxley Act of 2002, etc
  • Understand elementary risk management and terminology such as moral hazard in the financial sector

Course Outline:

This course consists of 19 instructional modules (or lessons).

Lesson
Reading Assignments
Required Assignments
Syllabus

You MUST take the syllabus quiz within 2 weeks of enrolling or you will be dropped from the course. NOTE: you must pass the Syllabus and Orientation Quiz for the course materials to appear on the Lessons page.

Syllabus Quiz

1

Chapter 1: Why Study Money, Banking, and Financial Markets?

Lesson quiz and essay questions

2

Chapter 2: An Overview of the Financial System

Lesson quiz and essay questions

3

Chapter 3: What Is Money?

Lesson quiz and essay questions

4

Chapter 4: Understanding Interest Rates

Lesson quiz and essay questions

5

Chapter 5: The Behavior of Interest Rates

Lesson quiz and essay questions

6

Chapter 6: The Risk and Term Structure of Interest Rates

Lesson quiz and essay questions

Assignment 1

Assignment 1 to be completed before scheduling Course Exam 1

Graphing Assignment

Course Exam 1

This proctored exam covers Chapters 1-6. It consists of 20 multiple choice questions and 7 essays.

To be scheduled
and completed
before proceeding
7

Chapter 7: The Stock Market, the Theory of Rational Expectations, and the Efficient Market Hypothesis

Lesson quiz and essay questions

8

Chapter 9: Banking and the Management of Financial Institutions

Lesson quiz and essay questions

9

Chapter 10: Economic Analysis of Financial Regulation

Lesson quiz and essay questions

10

Chapter 11: Banking Industry: Structure and Competition

Lesson quiz and essay questions

11

Chapter 12: Financial Crises

Lesson quiz and essay questions

12

Chapter 13: Central Banks and the Federal Reserve System

Lesson quiz and essay questions

Assignment 2

Assignment 2 to be completed before scheduling Course Exam 2

Graphing Assignment

Course Exam 2

This proctored exam covers Chapters 7, 9, and 10-13. It consists of 20 multiple choice questions and 7 essays.

To be scheduled
and completed
before proceeding
13

Chapter 15: Tools of Monetary Policy

Lesson quiz and essay questions

14

Chapter 17: The Foreign Exchange Market

Lesson quiz and essay questions

15

Chapter 19: Quantity Theory, Inflation, and the Demand for Money

Lesson quiz and essay questions

16

Chapter 20: The IS Curve

Lesson quiz and essay questions

17

Chapter 21: The Monetary Policy and Aggregate Demand Curves

Lesson quiz
18

Chapter 22: Aggregate Demand and Supply Analysis

Lesson quiz and essay questions

19

Chapter 23: Monetary Policy Theory

Lesson quiz

Assignment 3: Final Paper

Assignment 3 including the Final Paper to be completed before scheduling the Final Exam

Written Assignment

Final exam

This comprehensive proctored exam covers Lessons 1-19. It consists of 20 multiple choice questions and 7 essays.

To be scheduled
and completed
before proceeding

Grading:

GRADING SCALE

This course does not use the +/- grading system. The grading scale for this course is:

A: 90-100
B: 80-89.999
C: 70-79.999
D: 60-69.999
F: 0-59.999

GRADING INFORMATION:

The grading distribution is as follows:

  • Lessons and assignments: 20%
  • Course Exam 1: 20%
  • Course Exam 2: 20%
  • Term paper: 10%
  • Final: 30%

FAILURE TO PASS THE FINAL EXAM WILL RESULT IN FAILURE OF THE COURSE.

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