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Economics Department



 
ECN 135:  Money and Banking
Professor Kevin D. Salyer 
Fall Quarter, 2011 
Office Hours: Monday 2-4pm or by appointment.


    Course  Schedule
Part I: The Basics: Bonds and Financial Intermediaries   
Week 1: Introduction to financial markets, Interest rates and bonds
Read Chapters 1, 2, and 3
Week 2: Yield Curve and Financial Institutions
Read Chapters 4, 5, 6, and 8
Week 3: Banks and Bank Management
Read Chapters 10, & 12
Week 4: Interest Rate Risk and Hedging
Read Chapter 14
Week 5:  The Fed and the Money Supply Process
Read Chapters 16 & 17
Week 6: Tools and Conduct of Monetary Policy
Read Chapters 18 & 19

MIDTERM    NOV. 3

Part II: Models of Banks
Week 7: Risk Aversion, Diversification, Insurance
Week 8: Banks as providers of liquidity insurance

Part III: The Financial Crisis   
Weeks 9: Banking Regulation and Financial Crises
Read Chapters 9 & 11
Week 10: The Panic of 2008

Homework


Old Exams

Final S08  Final S08 Answer Key

Midterm S09   Midterm S09 Answer Key

Final S09        Final S09 Answer Key

Midterm 1 F09  Midterm 1 F09 Answer Key

Midterm 2 F09     Midterm 2 F09 Answer Key

Final F09  
 
    


 

 
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Supplemental Reading: History of the Federal Reserve  (Not Required) 

A. Muelendyke U.S. Monetary Policy, Chap. 1

A. Muelendyke U.S. Monetary Policy, Chap. 2
         (Fed history notes)

Federal Reserve System: Purposes and Functions

  (background article on inflation targeting by Mishkin, et.al)

Economic News:

Resources for Economists

Economic Data: