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EC 303 Money, Credit and Banking
Lloyd, Heather C.


Mission Statement: The mission of Park University, an entrepreneurial institution of learning, is to provide access to academic excellence, which will prepare learners to think critically, communicate effectively and engage in lifelong learning while serving a global community.

Vision Statement: Park University will be a renowned international leader in providing innovative educational opportunities for learners within the global society.

Course

EC 303 Money, Credit and Banking

Semester

S1T 2009 DL

Faculty

Lloyd, Heather C.

Title

Adjunct Faculty

Degrees/Certificates

M.A., Economics
B.A., Economics

Office Location

Online

Daytime Phone

303-968-5004

E-Mail

heather.lloyd@park.edu

hlpiratemail@gmail.com

Semester Dates

January 12, 2009 to March 08, 2009

Class Days

Monday to Sunday

Class Time

Online

Prerequisites

Prerequisites, EC 141 and EC 142 or permission of the instructor

Credit Hours

3


Textbook:
Required Text:  The Economics of Money Banking and Financial Markets Author: Frederic S. Mishkin Pearson/Addison-Wesley, 7th Ed

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:

McAfee Memorial Library - Online information, links, electronic databases and the Online catalog. Contact the library for further assistance via email or at 800-270-4347.
Career Counseling - The Career Development Center (CDC) provides services for all stages of career development.  The mission of the CDC is to provide the career planning tools to ensure a lifetime of career success.
Park Helpdesk - If you have forgotten your OPEN ID or Password, or need assistance with your PirateMail account, please email helpdesk@park.edu or call 800-927-3024
Resources for Current Students - A great place to look for all kinds of information http://www.park.edu/Current/.
Advising - Park University would like to assist you in achieving your educational goals. Please contact your Campus Center for advising or enrollment adjustment information.
Online Classroom Technical Support - For technical assistance with the Online classroom, email helpdesk@parkonline.org or call the helpdesk at 866-301-PARK (7275). To see the technical requirements for Online courses, please visit the http://parkonline.org website, and click on the "Technical Requirements" link, and click on "BROWSER Test" to see if your system is ready.
FAQ's for Online Students - You might find the answer to your questions here.


Course Description:
EC303 Money, Credit and Banking: A study of commercial banking, money markets, monetary standards, foreign exchange, also, an analysis of the Federal Reserve System (central banking system) and its impact on the control of the money supply and a survey of financial institutions. Prerequisites: EC141 and EC142 or permission of the instructor. 3:0:3

Learning Outcomes:
  Core Learning Outcomes

  1. Discuss the money supply response to changes in key variables including the reserve ratio, the nonborrowed monetary base, the discount rate, the currency ratio, expected deposit outflows, and market interest rates.
  2. Compare the Classical and Neoclassical (Monetarist) views of money demand with the Keynesian view, focusing on the role of interest rates and the debate surrounding the velocity of money.
  3. Identify the tools, goals, and targets of monetary policy.
  4. Analyze the transmissions mechanisms of monetary policy.
  5. Assess how asymmetric information, adverse selection, and moral hazard relate to banking regulation in the U.S. and abroad.
  6. Identify the causes of Financial Institution's failures.
  7. Discuss in depth how monetary policy affects the exchange rate.


Core Assessment:

All Park University courses must include a core assessment that measures the course Learning Outcomes.  The purpose of this assessment is to determine if expectations have been met concerning mastery of learning outcomes across all instructional modalities.  For this course, the core assessment is a final exam to be administered in all sections of EC 303.  This is NOT AN OPEN-BOOK EXAM  and is worth 30 percent of the student’s final grade and will test students’ mastery of nine core learning outcomes (Learning Outcomes 1-7 listed on the syllabus) through problem solving, short essay, and graphing questions.  For each core learning outcome, the student should be prepared to draw the relevant graph, define basic concepts or policies, identify relevant shifts in the curves, and state final impacts on relevant variables.

Class Assessment:
Each student is responsible for completing:  
Weekly reading assignments
Weekly written homework -discussion questions-based on the assigned readings
Weekly discussion participation (replies to other students)
Weekly quizzes
A mid term exam
A term paper related to monetary economics
A Proctored comprehensive final exam

Grading:

Evaluation Methods: the evaluation methods will be based on the following assignments and the percentage are given as follows:

Weekly Discussion Questions 160 pts or 16 % of total grade
Discussion Participation 80 pts or  8 % of total grade
Weekly Quiz 160 pts or 16 % of total grade
Term Paper 100 pts or 10 % of total grade      
Mid-term Exam 200 pts  or 20% of total grade
Final Exam 300 pts or 30% of total grade
Total Points Possible 1000 pts
             

The course grade for students will be based on the overall average of homework and tests taken during the course in accordance with the weighting of the various requirements as stated in the syllabus.

All final exams in all School of Business and Management courses will be comprehensive and will be closed book and closed notes. They will constitute 30% of the total course grade and will not be a take-home exam. They will be completed during the test week in the period designated by the registrar or by the Proctor in the case online courses. If calculators are allowed, they will not be multifunctional electronic devices that include features such as: phones, cameras, instant messaging, pagers, and so forth. Electronic Computers will not be allowed on final exams unless an exception is made by the Dean of the School of Business and Management.

Late Submission of Course Materials:
Should a student miss or does not earn full class participation points for the week, the can still make up for that loss by participating in the missed week.  The student cannot make-up the missed points after the last day of the course.  All work must be completed during the course schedule. 

Classroom Rules of Conduct:

Park University wishes to promote a positive, collegial atmosphere among students faculty and staff.  The students should present his/her answers in a civil manner and respond to others in a civil manner.  Disruptive students will not be tolerated and will be dealt with.  Disruptive behavior may have sanctions ranging from a private email warning to reporting to the Academic Dean.

Also remember that computers make writing and revising much easier and more productive.  Students must recognize though that technology can also cause problems.  Printers run out of ink and hard drive crash.  Students must be responsible for planning ahead and meeting deadlines in spite of technology.  Be sure to save copies of your work to disk, hard drive, and print out paper copies for backup purposes.

 

 

Course Topic/Dates/Assignments:

The due dates for the assignments are also given for each week.
Week 1 Introduction
Homework Questions and Participation
Week 2 Meaning of Money, its historical perspective/evolution and its functions
Homework Questions and Participation
Week 3 Four Major Players in Monetary System and Introduction to the FED
Homework Questions and Participation
Week 4 Determinants of Money Supply and Money Multiplier
Homework Questions and Participation
Midterm Examination
Week 5 Tools of Monetary Policy
Homework Questions and Participation
Week 6 Monetary and Fiscal Policy and IS LM Model
Homework Questions and Participation
Week 7 Transmission of Monetary Policy
Homework Questions and Participation
Term Paper
Week 8 International Perspective
Homework Questions and Participation
Final Examination (Proctored)

Academic Honesty:
Academic integrity is the foundation of the academic community. Because each student has the primary responsibility for being academically honest, students are advised to read and understand all sections of this policy relating to standards of conduct and academic life.   Park University 2008-2009 Undergraduate Catalog Page 87

Plagiarism:
Plagiarism involves the use of quotations without quotation marks, the use of quotations without indication of the source, the use of another's idea without acknowledging the source, the submission of a paper, laboratory report, project, or class assignment (any portion of such) prepared by another person, or incorrect paraphrasing. Park University 2008-2009 Undergraduate Catalog Page 87

Attendance Policy:
Instructors are required to maintain attendance records and to report absences via the online attendance reporting system.

  1. The instructor may excuse absences for valid reasons, but missed work must be made up within the semester/term of enrollment.
  2. Work missed through unexcused absences must also be made up within the semester/term of enrollment, but unexcused absences may carry further penalties.
  3. In the event of two consecutive weeks of unexcused absences in a semester/term of enrollment, the student will be administratively withdrawn, resulting in a grade of "F".
  4. A "Contract for Incomplete" will not be issued to a student who has unexcused or excessive absences recorded for a course.
  5. Students receiving Military Tuition Assistance or Veterans Administration educational benefits must not exceed three unexcused absences in the semester/term of enrollment. Excessive absences will be reported to the appropriate agency and may result in a monetary penalty to the student.
  6. Report of a "F" grade (attendance or academic) resulting from excessive absence for those students who are receiving financial assistance from agencies not mentioned in item 5 above will be reported to the appropriate agency.
ONLINE NOTE: An attendance report of "P" (present) will be recorded for students who have logged in to the Online classroom at least once during each week of the term. Recording of attendance is not equivalent to participation. Participation grades will be assigned by each instructor according to the criteria in the Grading Policy section of the syllabus.

Park University 2008-2009 Undergraduate Catalog Page 89-90

Disability Guidelines:
Park University is committed to meeting the needs of all students that meet the criteria for special assistance. These guidelines are designed to supply directions to students concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, regarding students with disabilities. In the case of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Additional information concerning Park University's policies and procedures related to disability can be found on the Park University web page: http://www.park.edu/disability .

Copyright:

This material is protected by copyright and can not be reused without author permission.

Last Updated:1/6/2009 12:08:28 PM