Money and Banking
Prof. Ranjit S. Dighe
Spring 2008
Mahar 217
Eco 340-800: MWF 10:20-11:15
Eco 340-810: MWF 11:30-12:25
Textbook: Stephen G. Cecchetti,
Money, Banking, and Financial Markets
. 2nd edition, 2008.
Final exam:
Section 800: Mon., May 12, 10:30 a.m. to 12:30 p.m.
Section 810: Wed., May 14, 10:30 a.m. to 12:30 p.m.
Be sure to keep up with the leading news about the economy and the financial sector.
You can still get the
Wall Street Journal
for $19.95 for 10 weeks.
You can read it for free (but without graphics) through Penfield Library.
Another free alternative is Yahoo! News - Business - Economy.
Lecture notes to accompany the assigned chapters of Cecchetti's
Money, Banking, and Financial Markets
:
Chapter 1 ("An Introduction to Money and the Financial System").
Revised 7-Feb.-2007.
Chapter 2 ("Money and the Payments System").
Revised 22-Feb.-2008.
Chapter 3 ("Financial Instruments, Financial Markets, and Financial Institutions").
Revised 22-Feb.-2008.
Chapter 4 ("Future Value, Present Value, and Interest Rates").
Revised 22-Feb. 2008.
Chapter 5 ("Understanding Risk")
Chapter 6 ("Bonds, Bond Prices, and the Determination of Interest Rates").
Revised 11-April 2008.
Chapter 7 ("The Risk and Term Structure of Interest Rates")
Chapter 8 ("Stocks, Stock Markets, and Market Efficiency").
Revised 25-April-2008.
Chapter 10 ("Foreign Exchange").
Revised 11-April-2008.
Chapter 12 ("Depository Institutions: Banks and Bank Management").
Revised 7-May-2007.
Chapter 13 ("Financial Industry Structure").
Revised 4-May-2007.
Chapters 16-17-18, in brief (monetary policy and multiple deposit creation).
Last revised 6-May-2008.
Review of economic principles
, for students in need of a refresher
-- Alas, these notes do not include graphs. Here, however, are some related notes, courtesy of Prof. John Kane, with multi-colored graphics. One would do well to take a look at these, too:
---- *
Notes on supply, demand, pricing, and profits in a perfectly competitive market
---- *
Notes on monopoly pricing and the dead-weight loss from monopoly
Practice quizzes from Spring 2007
Some more old (Spring 2006) weekly quizzes and solutions
Some more old (Fall 2005) weekly quizzes and solutions
Related web sites:
How to do really well in college (some great advice from Prof. Norm Weiner)
Companion site to Stephen Cecchetti's textbook,
Money, Banking, and Financial Markets
The Federal Reserve System Online
Naked Capitalism (better than it sounds)
The Dismal Scientist is another fine source of interesting, accessible economic news
Consumer Price Index (CPI) data from the U.S. Bureau of Labor Statistics
Economic Report of the President, including economic data tables
Google.com, the best Internet search engine by far
Last revised on 6-May-2008