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


Mission Statement: Park University provides access to a quality higher education experience that prepares a diverse community of learners to think critically, communicate effectively, demonstrate a global perspective and engage in lifelong learning and service to others.

Vision Statement: Park University, a pioneering institution of higher learning since 1875, will provide leadership in quality, innovative education for a diversity of learners who will excel in their professional and personal service to the global community.

Course

EC 303 Money, Credit and Banking

Semester

S1T 2013 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

Class Days

Monday to Sunday

Class Time

Online

Prerequisites

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

Credit Hours

3


Textbook:
Title: Economics of Money, Banking and Financial Markets, 9th edition
Author: Frederic Mishkin
ISBN:
9780321599797
Publisher: Addison Wesley

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

Educational Philosophy:

My educational philosophy is one of interactiveness based on lectures, readings, quizzes, dialogues, examinations, Internet, videos, web sites and writings.  

I like to challenge and engage each learner in what is referred to as disputatious learning to encourage the lively exploration of ideas, issues, and contradictions. I believe that the application of theoretical concepts is equally important as the visualization of these concepts.

 

 

 


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 Discussion Questions-based on the assigned readings
  • Weekly Discussion Participation (replies to other students)
  • Weekly Quizzes
  • A Midterm Exam
  • A Term Paper related to Monetary Economics
  • A Proctored Comprehensive Final Exam

Grading:

The following percentages will be used to assign course grades:
90% - 100% = A
80% - 89% = B
70% - 79% = C
60% - 69% = D
Below 60% = F

The work you do in this class is valued as follows:

  
Discussions 16% 120 points
Discussion Participation
8% 60 points
Weekly Quiz
16% 120 points
Mid Term Exam 20% 200 points
Term Paper
10% 200 points
Comprehensive Final Exam 30% 300 points
     Total Points Possible 100% 1000 points

             

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.

Late Submission of Course Materials:
Work not completed or turned in by the due date, but which is completed or turned in no more then 7 days late, will receive 1/2 the score it would have received otherwise. No work received after the last Saturday of the term will be scored.

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
Discussion Question, Participation, and Quiz

Week 2 Meaning of Money, its historical perspective/evolution and its functions
Discussion Question, Participation, and Quiz

Week 3 Aggregate Supply and Demand
Discussion Question, Participation, Quiz, Term Paper resources and time period selection emailed to the instructor

Week 4 Determinants of Money Supply and Money Multiplier
Midterm Examination

Week 5 Tools of Monetary Policy
Discussion Question, Participation, and Quiz

Week 6 Monetary and Fiscal Policy and IS-LM Model
Discussion Question, Participation, and Quiz

Week 7 Transmission of Monetary Policy
Discussion Question, Participation, Quiz, and Term Paper

Week 8 Financial Crises and the Sub prime Meltdown
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 students and faculty members are encouraged to take advantage of the University resources available for learning about academic honesty (www.park.edu/current or http://www.park.edu/faculty/).from Park University 2011-2012 Undergraduate Catalog Page 95-96

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. from Park University 2011-2012 Undergraduate Catalog Page 95

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: Students must participate in an academically related activity on a weekly basis in order to be marked present in an online class. Examples of academically-related activities include but are not limited to: contributing to an online discussion, completing a quiz or exam, completing an assignment, initiating contact with a faculty member to ask a course related question, or using any of the learning management system tools.

Park University 2011-2012 Undergraduate Catalog Page 98

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 .

Additional Information:




Bibliography:

Copyright:

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

Last Updated:12/28/2012 3:22:35 PM