EC 303 Money, Credit and Banking
FA 2009 HO
Vinlove, F. Kathleen
Associate Professor, Economics
Monday and Wednesday, 10:00 - 11:30 and 2:45 - 4:15; Friday 10:00 - 12:00
August to December, 2009
9:00 - 9:50 AM
EC 141 and EC 142 or instructor's permission
Mishkin, Frederic S. The Economics of Money, Banking, and Financial Markets, Eighth Edition. New York: Addison Wesley, 2007. (ISBN 9780321415059)
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 firstname.lastname@example.org or call 800-927-3024Resources for Current Students - A great place to look for all kinds of information http://www.park.edu/Current/.
Because the learning process is active rather than passive, I will combine lectures with the Socratic method, and student questions are always encouraged. The use of analytical tools and application to specific, real-world examples are emphasized.
Learning Outcomes: Core Learning Outcomes
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.
Exams: There will be three exams: two class-period exams and a comprehensive final exam. The average of these three exams will constitute 70 percent of your final grade.
Each exam will be composed of multiple-choice, short essay, and diagram questions based on my lectures, in-class exercises, and presentations. All exams are worth 100 points. I will curve each exam to give you an idea of your performance in terms of letter grades. However, final letter grades will be determined by a curve of final total averages for the class.
Late Arrivals to Exams: Students arriving late to an exam may take the exam only if no other student has turned in the exam. If another student has completed the exam, the late student cannot take the exam.
Students may not leave the classroom during an exam. Cell phones must be turned off and put away during exams; students who answer cell phones during an exam will be asked to turn in the exam. Seating for exams is assigned.
Make-up Exams: No make-up exams will be administered for class-period exams. If a student misses either Exam 1 or 2, then the comprehensive final exam will count double. In other words, the student’s exam average will be based on three exams, but the final exam grade will be counted twice. Students who miss the final exam must take a comprehensive essay make-up exam.
In-class Exercises: During the semester, SIX in-class exercises will be administered. However, final grades are based on FIVE in-class exercises. Thus a student may miss one exercise without penalty. There are no make-ups for in-class exercises. To receive full credit for an in-class exercise, a student must be present on time (not more than 10 minutes late) for the exercise and complete all questions related to the exercise. They are worth 10 percent of the final grade and will be scored as follows:
No credit 0 points
Topic Paper: A topic paper graded on a 100-point scale will be worth 20 percent of the final grade. A student who fails to turn in a research paper will receive a grade no higher than a “D.” The paper must be handed in at the beginning of the class period on the deadline date for full credit.
Grading Plan: Final grades will be based on the following percentages:
Topic paper 20%
In-class exercises 10%
Note: If a student’s grade is borderline, I will consider attendance, homework preparation, and number of in-class exercises completed.
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 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.
The following dates for the topic paper should be noted:
Monday, November 30, 9:00 a.m. deadline
During class time (15 minutes after class begins), Nov. 30 minus 5 points
Between deadline and Friday, Dec. 4, 9:00 a.m. minus 15 points
Between Dec. 4, 9:00 a.m. and Mon., Dec. 7, 3 p.m. minus 30 points
After Monday, Dec. 7, 3 p.m. zero points
Monday, November 30, midnight deadline
Between deadline and Monday, Dec. 7, 3 p.m. minus 5 points
No soft copy minus 35 points
Classroom Rules of Conduct: The professor assumes that students are adults and will conduct themselves accordingly.
EC 303: Course Topics/Dates/Assignments, Spring 2009
Week Topic Chapters
1 Introduction 1, appendix, 3
The Federal Reserve System 15
2 The Federal Reserve System, continued
Money Creation 16
3 Money Creation, continued
The Money Supply 17
4 The Money Supply, continued
Demand for Money 21
5 Demand for Money, continued
6 Continued; Review
7 Aggregate Demand and Supply Analysis 24
8 Aggregate Demand and Supply Analysis, continued
9 Aggregate Demand and Supply Analysis, continued
10 Monetary Policy: Tools 18
11 Continued; Review
12 Monetary Policy: Goals and Targets 19
13 International Financial System 20
14 Economic Analysis of Banking Regulation 12
15 Continued; Review
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 2009-2010 Undergraduate Catalog Page 92
Attendance Policy:Instructors are required to maintain attendance records and to report absences via the online attendance reporting system.
Park University 2009-2010 Undergraduate Catalog Page 95
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 .
Last Updated:8/20/2009 12:19:45 PM