Course: ECO S350K - Monetary Theory and Policy
Professor: Mark Thoma
Office/Hours: M-Th 1:00-2:00
Email: [email protected]
Web Page: http://economistsview.typepad.com/economics470/
Text: Frederic S. Mishkin, The Economics of Money, Banking, and Financial Markets, 10th edition.
Prerequisites: Intermediate Macroeconomics
Tests: There will be a midterm and a final. 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% each, 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.
Course Outline:
| Introduction | Mishkin Text |
| Why Study Money, Banking, and Financial Markets? | Ch. 1 |
| An Overview of the Financial System | Ch. 2, pgs 25-27, 36-41 |
| 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 |
