St. Francis College – Fall 2011
ECO-2306-02 Money and Banking
Instructor: Dr. Julio Huato
Office: SFC 7005 (access through the 6th floor)
Office Hours: M 1PM-3PM; W 1PM-3PM
Office: (718) 489-5331
juliohuato@gmail.com
TTH 1:20PM-2:45PM.  Classroom: SFC 5404
Blog: https://sfchuato.wordpress.com/
Twitter: http://twitter.com/#/JulioHuatoSFC
Slides: http://www.slideshare.net/JulioHuato/
Video clips: http://www.vimeo.com/user7591971

Catalogue Description: Money and Banking: Money and credit, commercial banking, central banking, monetary theory and practice, financial regulation. (3 credits.)

Prerequisites: ECO1201. Pre- or co-requisite: ECO 2202.

Required textbook: Stephen G. Cecchetti, Money, Banking and Financial Markets, McGraw-Hill Irwin. It is mandatory to buy the textbook (printed or electronic versions) and have access to McGraw-Hill Connect.  Assignments will be web-based (via Connect).

Important Notes: Students should bring a calculator to each class and follow the instructor’s numerical examples on their own.  All math concepts used in the course will be discussed in class with illustrations and relevant examples.

Course Objectives: Help students learn basic notions and principles regarding:

  1. money & other financial instruments,
  2. the financial system,
  3. interest rates & return rates,
  4. time value of money, asset pricing,
  5. risk,
  6. portfolio allocation,
  7. term, liquidity, information structure of interest rates,
  8. financial intermediation,
  9. central banking, money supply, and monetary policy.

Course Rubric: A detailed description of the instructor’s criteria (and expectations) in evaluating student performance (exams, assignments, class participation, etc.) in the course can be found here: http://bit.ly/fqHQP7.

Grading and Other Policies: The final score (0-100) will be determined by the following grading formula: Final Score = (First Exam × .19) + (Second Exam × .19) + (Final Comprehensive Exam × .36) + (Assignments × .16) + (Class Participation × .10)

Final score Grade Quality points
95-100 A 4.00
90-94.9 A- 3.67
85-89.9 B+ 3.33
80-84.9 B 3.00
75-79.9 B- 2.67
70-74.9 C+ 2.33
65-69.9 C 2.00
60-64.9 C- 1.67
55-59.9 D 1.00
Below 55 F 0.00

Four or more unjustified absences — consecutive or not — will lead to an F.  Letting the professor know or explaining the professor verbally the reason for an absence is appreciated, but does not mean that the absence is justified.  Absences are only justified if a serious personal accident or illness, or death in the immediate family, is involved and properly documented.

Attendance after roll call count as Late. 3 Lates = 1 Absence. Students abandoning the classroom in the middle of a class will be counted as Absent.  Frequent movement in and out of the classroom, sleeping in class, inattentive behavior, or leaving before the class ends will count as Absent.

No make-up exams or extra credit assignments will be granted. Exception will be made at the discretion of the instructor if a serious accident or illness, or death in the family is properly documented.  Class participation is assessed on the basis of quality (participation that enriches the learning experience of the class), and not only of quantity.

At the discretion of the instructor, participation in the events organized by the Economic Society and O.D.E. (Omicron Delta Epsilon), the International Honor Society in Economics, during the “Activity Hours” will count as class participation or as extra credit.  Extra credit work is “curved” at the end of the semester and cannot have a weight in the final score exceeding 10%.

Cell phones, PDAs, and laptop computers must always be turned off during class, unless the professor instructs otherwise.  Use of cell phones and PDAs is prohibited during tests.  Students should bring a regular calculator to the exam.  Students without a calculator in a test will do the calculations by hand.

Students are expected to be honest and forthright in their academic endeavors. Students are encouraged to work together in solving the quizzes and assignments.  But plagiarism or cheating in any test will lead to failure (F) in the course.

Course Outline:

Item (sessions) [textbook chapters]

  1. Introduction & macro review (1)
  2. Money & other financial Instruments (2) [1-3]
  3. Time value & asset pricing principles (4) [4]
  4. Risk (2) [5]
  5. Bonds & interest rates (2) [6-7]
  6. Stocks & stock markets, derivatives & forex (2) [8-10]
  7. Financial intermediation & institutions (3) [11-14]
  8. Central banking, money supply & monetary policy (3) [15-18]

Midterms, pre and post reviews will consume the remaining sessions of the semester.  Keep in mind that these are estimates of the time required.  We will adapt to circumstances.

Students with Disabilities: If you need course adaptation or accommodations because of a documented disability, please make an appointment during my office hours.

Disclaimer: If any stipulation in this syllabus contradicts the official policies of the college, the college’s policies will prevail.

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