Money, Banking, and Monetary Policy
Summer 1997

Course Overview:

This course provides an introduction to the financial system and the impact of money and monetary policy on the economy. The breakdown of the topics covered in the course is roughly as follows. The first third of the course deals with financial markets. The second third deals with the money supply process. In the final third a macroeconomic model is presented and aspects of monetary policy are covered.

Required Text::

The Economics of Money, Banking, and Financial Markets by Frederic S. Mishkin, Fourth Edition, 1995.

Optional Text::

Study Guide for The Economics of Money, Banking, and Financial Markets by Frederic S. Mishkin, Fourth Edition, 1995.

Office Hours:

I will hold office hours on Monday and Thursday from 2:00-3:00 P.M. in 465 Bellamy. These hours are reserved for students, so do not hesitate to spend as much of this time as you need getting help. Outside of these times, I will be happy to talk with you if I am not busy. If I am busy, I will tell you so and make arrangements to talk to you at another time.

Lectures:

ECO 3213.2 MTWRF 12:30-1:45 215 Bellamy

ADA Statement:

Students with disabilities needing academic accommodations should: 1) register with and provide documentation to the Student Disability Resource Center (SDRC); 2) bring a letter to the instructor from SDRC indicating you need academic accommodations. This should be done within the first week of class.

Exams:

There will be 3 exams:
1. Monday, July 7, in class
2. Friday, July 18, in class.
3. Friday, August 1, in class.

Make-up Exam Policy:

For illness, provide the instructor with documentation. All other students missing an exam will receive a zero; no exceptions! The make-up exam will typically occur 4-6 days after the scheduled exam and will be an all essay exam with no choice. There are no make-ups for the daily assignments.

Grading:

There will be two midterms (27% each), 25 daily assignments (19% in total) and a final exam (27%). The exams will be partly "objective" (similar to material in the study guide) and partly essay. The lowest two scores on the 25 daily assignments will be thrown out. Since your lowest two daily assignment scores are dropped, there will be no make-up assignments. Trend and class participation will determine borderline grades. Questions about grading must be resolved within one week after the exams are returned. There is no extra credit work available to compensate for poor exam scores.

E-mail:

Feel free to send e-mail to me at dmacpher@coss.fsu.edu. I am very conscientious about replying to e-mail. You will generally get a prompt reply, even on weekends.

Course Web Page:

A course web page has been installed at the address http://garnet.acns.fsu.edu/~dmacpher. It has several features. First, it has a bulletin board for this class. I am hoping that it will promote student interaction. If you can help each other over the bulletin board, feel free to do so. I will "jump in" as needed. Second, a copy of some old tests and sample essay exam questions are posted. Third, following each exam, I will post grades by a private "code number" selected by you. Lastly, it has copy of this syllabus.

Academic Integrity:

The academic honor system of The Florida State University is based on the premise that each student has the responsibility: 1) To uphold the highest standards of academic integrity in the student's own work; 2) To refuse to tolerate violations of academic integrity in the University community; and 3) To foster a high sense of integrity and social responsibility on the part of the University community. The penalties for violation of this code are found in the Student Conduct Code (FAC 6C2-3.04) of the Florida State University Student Handbook.

Reading Assignments (tentative): Students should read the assignment before the lecture.