Pedro F Pellet     ()

Examines the structure and function of the American banking system, the Federal Reserve System, and the function of monetary policy in the regulation of the national economy. Prerequisite: ECN 2025. Frequency: Winter.

( ECN 2025 OR ECON 2025 )

1) Define money.
2) Articulate the importance of money.
3) Discuss the functions of money.
4) Explain the value of money.
5) Define credit.
6) Explain the creation of money.
7) Explore the role of value judgement in money & banking.
8) Identify the functions and purpose of central banking.
9) Apply the principles of financial systems.
10) Analyze money & capital markets.
11) Apply the monetary and income Theory.
12) Discuss public policy.

1. Required Materials


1. Textbooks

Money, Banking and Financial Markets - 3.Edition - 2011
Stephen G. Cecchetti and Kermit L. Schoenholtz
McGraw-Hill
ISBN: 9780077473075

Notes: Bundled with access code.


APA Manual
The APA Manual 6th Edition is recommended for all courses.

NSU Bookstore
Textbooks and Case Studies may be purchased from the NSU Bookstore (located in the University Park Plaza) by calling 1-800-509-2665 or online at http://www.nsubooks.bkstore.com.

The NSU Libraries comprise the Alvin Sherman Library, Research, and Information Technology Center, Health Professions Division Library, Law Library and Technology Center, University School Library Media Centers, and the William S. Richardson Ocean Science Library. Students are strongly encouraged to visit the Alvin Sherman Library and/or contact a librarian. Students should also take advantage of the vast electronic resources available through the NSU Libraries for their research needs. For more information, please visit http://www.nova.edu/library.

Please note that all required and recommended materials should be referenced in APA style.

A set of criteria outlining what percentage represents what grade and expectations for achieving these grades.

1.  Sample
   
   

   High to Low		Letter Grade
   100 - 90	=	A
   89 - 80	=	B
   79 - 70	=	C
   69 - 60	=	D
   59 - and below	=	F




2. Grade Expectations

Not all students can expect an A grade for this course! Being awarded an A indicates that the student has an excellent grasp of the various topics and has demonstrated an ability to apply them accurately, precisely, and with a clear understanding of their implications on the situation. Being awarded a B indicates proficiency in applying the topics, but not as clear an appreciation of the subtleties of the topics. Being awarded a C indicates that the student has a limited understanding of the topics, but has failed to apply them accurately or properly interpret their meaning. An F indicates that the student has not grasped the topics and has not demonstrated an ability to apply them to solving problems.

The following assignments are suggested only and do not reflect the exact assignments for this course. Your professor will communicate the expected assignment structure to you when this class begins and may change it as deemed appropriate during the term.

CALENDAR OF READING AND WRITTEN ASSIGNMENTS:


Due dates for all assignments are available on Course Compass


Week 1
Overview, Defining Aggregate Output, Income, the Price Level and Inflation rate
Overview of the Financial System, A Discussion on Money
Chapters 1, 2, 3, and appendixes   


Week 2
Financial Markets
Chapter 4


Week 3
The Behavior of Interest Rates
Chapter 5


Week 4
Structure of Central Banks and the Federal Reserve System
Chapter 12


Week 5
Multiple Deposit Creation and the Money Supply Process
Determinants of the Money Supply
Chapters 13 and 14


Week 6
Tools of Monetary Policy
Chapter 15


Week 7
Monetary Policy Goals, Strategy and Tactics
Fed Policies and Procedures: Historical Perspectives
Chapter 16 & appendix


Week 8
Midterm Exam
Chapters 1-5, 12-16


Week9
The Foreign Exchange Market
Chapter 17
Week 10
The International Financial System
Chapter 18


Week 11
The Demand for Money
Chapter 19


Week 12
The IS-LM Model
Chapter 20


Week 13
Monetary and Fiscal Policy in the IS-LM Model
Chapter 21


Week 14
AD/AS Analysis
Chapter 22


Week 15
Transmission Mechanisms of Monetary Policy: The Evidence
Chapter23


Week 16
Money and Inflation
Chapter 24


Rational Expectations
Final Examination, Chapters 17-25

ACADEMIC MISCONDUCT

The H. Wayne Huizenga College of Business and Entrepreneurship (Huizenga College) is strongly committed to a policy of honesty in academic affairs. Students are awarded degrees in recognition of successful completion of academic coursework in their chosen fields of study. Each student, therefore, is expected to earn his or her degree on the basis of individual personal effort. Consequently, any form of cheating or plagiarism constitutes unacceptable academic dishonesty. Such academic misconduct will not be tolerated at the Huizenga College and will be penalized according to the seriousness of the infraction, in conformity with the standards, rules, and procedures of the Huizenga College and NSU.

First and foremost, it is the responsibility of each student to know what behavior is, and is not, permitted with respect to each assignment (e.g., homework, term paper, etc.) or assessment (e.g., exam or quiz). Academic misconduct can result in penalties that range from a grade of zero on the assignment or assessment to expulsion from NSU. In the absence of guidance from the professor, one should assume that an assessment is closed-book and to be completed individually (i.e., no assistance from other persons). Obviously, assignments such as homework or a term paper usually allow the use of reference materials; however, in the absence of guidance from the professor, one should assume that the assignment is to be completed individually.

Academic misconduct includes the following behaviors:

• Plagiarism. Plagiarism is "the presentation of someone else's ideas or words as your own. Whether deliberate or accidental, plagiarism is a serious and often punishable offense." (Aaron, J. (2001), The Little, Brown Compact Handbook (4th ed.), Needham Heights, Ma: Pearson/Longman.).


• Cheating on Assignments or Assessments. Cheating is the use of unauthorized sources during the completion of an assignment or assessment. There are too many examples of cheating to provide a comprehensive list, but consider the following to be illustrative.
  • Use of Unauthorized materials in preparation for or during an assessment. Use of Test Banks, copies of exams (old or current) or any reference materials during a closed-book assessment is cheating. Included in this category would be the classic use of "crib sheets" or copying answers from another student's exam.
  • Unauthorized contact with other persons during an assessment or assignment. If an assessment or assignment is to be completed individually, any consultation with another person, other than the professor, is cheating.
  
  A student may consult with others, by explicit permission of the instructor, when completing an individual assessment or assignment. However, the student is responsible for submitting his or her own work and assuring that the submission avoids any form of plagiarism.


• Disruption to Academic Process.

Again, it is the responsibility of each student to know what behavior is permitted during the completion of an assessment or assignment. Ignorance is not an acceptable excuse for academic misconduct.

Start Date	End Date	Days	Start Time	End Time	Location
05/14/12	08/05/12	No Days Assigned	No Time Listed		On-line Course