Prof. Ranjit S. Dighe
(Blogging Through the Wreckage, my blog about the economic and financial crisis, is in the process of moving from this site to the new one.)
SUNY Oswego, Spring 2009, in Mahar 208
Textbook: Stephen G. Cecchetti, Money, Banking, and Financial Markets. 2nd edition.
A subscription to The Financial Times is also required.
One last FT article that's a strongly recommended read for the final exam:
Short View: "Credit less crunched," by John Authers, May 5, 2009 (online publication date)
Final exam dates and times:
Eco 340-800: Mon., May 11, 10:30-12:30
Eco 340-810: Wed., May 13, 10:30-12:30
In the news:
Treasury Secretary Timothy Geithner unveiled the Obama Administration's new Financial Stability Plan (a.k.a. revised bank bailout plan), 10 Feb. 2009.
Story here, video here.
16 Dec. 2008: With the economy in recession and financial markets still in crisis,
the Fed lowers its federal funds rate target to a record-low range of 0 - 0.25%.
Lecture notes to accompany the assigned chapters of Cecchetti's
Money, Banking, and Financial Markets
(in view of the current financial crisis, we are going out of order and doing the banking and finance sections early on):
(in view of the current financial crisis, we are going out of order and doing the banking and finance sections early on):
- Chapter 1 ("An Introduction to Money and the Financial System"). Revised 23 Jan. 2009.
- Chapter 2 ("Money and the Payments System"). Revised 22 Feb. 2008.
- Chapter 3 ("Financial Instruments, Financial Markets, and Financial Institutions"). Revised 9 Feb. 2009.
- Chapter 11 ("The Economics of Financial Intermediation"). Posted 17 Feb. 2009.
- Chapter 12
("Depository Institutions: Banks and Bank Management"). Revised 17 May 2009.
- Chapter 13 ("Financial Industry Structure"). Revised 23 Feb. 2009.
- Chapter 14 ("Regulating the Financial System"). Revised 1 April 2009.
- 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.
- Chapters 16-17-18, in brief (monetary policy and multiple deposit creation). Revised 11 May 2009.
- Now that the Fed pays interest on bank reserves, a few things have changed (James Hamilton, 8 Nov. 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:
-- 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:
- Blogging Through the Wreckage (my blog on the economic and financial crisis)
- My proto-blog (various postings on this page in Oct.-Nov. 2008, before I started the blog)
- How to do really well in college (great advice from Prof. Norm Weiner)
- Companion site to Stephen Cecchetti's textbook, Money, Banking, and Financial Markets
- The Federal Reserve System Online
- The Wall Street Journal subscription page
- You can read The Wall Street Journal for free (but without graphics) through Penfield Library.
- Yahoo! News - Business - Economy.
- Consumer Price Index (CPI) data from the U.S. Bureau of Labor Statistics
- Economic Report of the President, including economic data tables
- The Google
That stick-figure show: a crudely hilarious and on-target PowerPoint presentation on the subprime mess
"The Crisis of Credit Visualized," by Jonathan Jarvis (2009) -- 11-minute animated presentation