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ECO-402-20, Money and Banking (FA15)

INSTRUCTOR: Dr. Ademar Bechtold

OFFICE: 307 Fourier Hall, 4701 N. Charles Street, Baltimore, MD 21210

PHONE: 410-532-5102, Email: abechtold@ndm.edu 

SCHEDULE/DAY/TIME: Semester/Wednesday/6:00 – 8:45, 09/02/2015-12/09/2015

Course Description:

The course examines interactions between the financial system and the wider economy; students examine financial markets, interest rates, banking operations, Federal Reserve tools, and the conduct of monetary policy; they also track a variety of economic indicators and analyses economic, financial and international data to predict economic conditions in the near future.

LEARNING OBJECTIVES/OUTCOMES:

Business goals reinforced in these courses

1. Integrates quantitative and qualitative skills to solve problems and support decision making

2. Communicate effectively in all business environments with different types of media

COURSE OBJECTIVES:

Upon successful completion of the course, students will be able to:

**Explain the operations of the financial system and the impact of financial crisis on the economy

**Explain the behavior and the term structure of interest rates

**Describe the structure of the Federal Reserve (Fed) and the operations of the Federal Open Market Committee (FOMC)

**Apply economic models to assess Federal Reserve’s ability to change the money supply and affect the economy

**Use macroeconomic data to evaluate monetary policy and to predict the actions of the Federal Reserve in the near future.

Textbook:

Mishkin, F.S. (2016). The Economics of Money, Banking, and Financial Markets Business School Edition. Person. ISBN: 9780133864069 (eText)

GRADING POLICIES/COURSE EXPECTATIONS:

Attendance & class participation - 5 Points

Review quizzes (online) - 25 Points

Mid-term exam - 20 Points

Final exam - 30 Points

Monetary Policy Report (written report & Presentation) - 20 Points

ASSIGNMENTS TO BE COMPLETED PRIOR TO FIRST CLASS:

Read chapters 1 – 3 of textbook