Course: Economics 470/570 Monetary Theory and Policy
Professor: Mark Thoma
Office/Hours: PLC 471 on M/W 1:30 p.m.-2:30 p.m.
Phone/Email: (541) 346-4673,
[email protected]
Web Page:
http://pages.uoregon.edu/mthoma/
Text: Frederic S. Mishkin, The Economics of Money, Banking, and Financial Markets, 10th edition.
Prerequisites: Economics 313 or the equivalent.
GTF/Office/Hours/Email: Adam Check, TBA, TBA, [email protected].
Tests: There will be a midterm and a final. The midterm will
be given on Thursday, October 25th, and the final will be
given on Thursday, December 6th from 1:00 p.m. – 3:00 p.m. The final is comprehensive.
Homework: Problem sets will be assigned periodically. These will not be graded, but exam questions will be based, in part, upon the problem sets.
Grading: The midterm is worth 40%, and the final is worth 60%. Grades will be assigned according to your relative standing in the class.
Students with Disabilities: If you have a documented disability and anticipate needing accommodations in this course, please make arrangements with me during the first week of the term. Please request that the counselor for students with disabilities (164 Oregon Hall) send me a letter verifying your disability.
Course Outline:
| Introduction | Mishkin Text |
| Why Study Money, Banking, and Financial Markets? | Ch. 1 |
| An Overview of the Financial System | Ch. 2 |
| What is Money | Ch. 3 |
| Understanding Interest Rates | Ch. 4, pgs. 81-84 |
| Central Banking and Monetary Policy | |
| Central Banks and the Federal Reserve System | Ch. 13 |
| The Money Supply Process | Ch. 14 |
| Tools of Monetary Policy | Ch. 15 |
| The Conduct of Monetary Policy | Ch. 16 |
| Monetary Theory | |
| Money Demand, the Quantity Theory, and Inflation | Ch. 19 |
| The IS Curve | Ch. 20 |
| Monetary Policy and AD Curves | Ch. 21 |
| The AS-AD Model | Ch. 22 |
| Monetary Policy Theory | Ch. 23 |
| The Role of Expectations in Monetary Policy | Ch. 24 |
