Course: Economics 470/570 Monetary Theory and Policy
Professor: Mark Thoma
Office/Hours: PLC 471 on T/Th 2:00-3:00 p.m.
Phone/Email: (541) 346-4673, firstname.lastname@example.org
Web Page: http://darkwing.uoregon.edu/~mthoma/
Text: Frederic S. Mishkin, The Economics of Money, Banking, and Financial Markets, 8th edition (Addison Wesley: New York).
Prerequisites: Economics 313 or the equivalent.
GTF/Office/Hours: Isaac Swenson: Isaac@uoregon.edu, PLC 507, M/W: 3:30-4:30.
Tests: There will be two midterms and a final. The midterms will be given on Tuesday, October 21st and Tuesday, November 18th. The final will be given on Monday, December 8th from 8:00 a.m. – 10:00 a.m.
Homework: Problem sets will be assigned periodically. These are graded, and exam questions will be based, in part, upon the problem sets.
Grading: Each midterm is worth 25%, the homework counts as 15%, and the final is worth 35%. Grades will be assigned according to your relative standing in the class.
|Introduction||Ch. 1, 2|
|The Role of Money in the Macroeconomy||Ch. 3, Ch. 4 pgs. 87-90|
|Central Banking and the Conduct of Monetary Policy|
|Structure of Central Banks and the Federal Reserve System||Ch. 12|
|Bank Reserves and the Money Supply||Ch. 13|
|Determinants of the Money Supply||Ch. 14|
|Tools of Monetary Policy||Ch. 15|
|The Demand for Money||Ch. 19|
|The Keynesian Framework||Ch. 20|
|Monetary and Fiscal Policy||Ch. 21|
|The AS-AD Model||Ch. 22|
|Money and Inflation||Ch. 24|
|Rational Expectations: Theory and Policy Implications||Ch. 25|