Please check the website regularly. Assignments, readings, textbook resources, and useful links will be posted and updated throughout the course. Lecture slides will generally be posted in advance of each class meeting, but they are incomplete, as I will provide handwritten notes in the lecture. I recommend that you review the slides after lecture and preview the textbook chapters before each class. If you miss a lecture, please find a classmate who attended class to fill in the blanks.
Date
Sep 05 W
Sep 10 M
Sep 12 W
Sep 17 M
Sep 19 W
Sep 24 M
Sep 26 W
Oct 01 M
Oct 03 W
Oct 08 M
Oct 10 W
Oct 15 M
Oct 17 W
Oct 22 M
Oct 24 W
Oct 29 M
Oct 31 W
Nov 07 W
Nov 12 M
Nov 14 W
Nov 19 M
Nov 26 M
Nov 28 W
Dec 03 M
Dec 05 W
Dec 10 M
Dec 19 W
Key Topics
Course Logistics, Student Survey, and Course Overview
An Overview of U.S. Economy and Global Financial System
Foundation of Economic Analysis I: Price Theory & Money Theory
Foundation of Economic Analysis II: Interest Theory
The Origin, Functions, and Evolution of Money
Introduction to Bond Market and Bond Pricing Models
Interest Rate Risk Structure and Term Structure
Shapes and Transition of Interest Rate Term Structure
Introduction to Equity Market and Stock Pricing Models
Efficient Markets Theory and Capital Asset Pricing Model (CAPM)
Introduction to Financial Derivatives (Futures, Options, and Swaps)
Debate: Bitcoin and Future Money
Bank Management: Balance Sheet Analysis & Capital Requirements
U.S. Banking System: Structure, Evolution, and Regulation
Money Creation and Credit Expansion Models
Central Banking and Federal Reserve System
U.S. Monetary Policy Goals and Targets
U.S. Monetary Policy Tools and Instruments
The Market for Reserves and Federal Funds Rate
Monetary Policy Theory and Transmission Mechanisms
U.S. Term Structure, Business Cycles, and Monetary Policy
Foreign Exchange Markets and International Monetary System
Guest Lecture: Martina Jasova on ECB Monetary Policy
Debate: Financial Crisis and Policy Response
Final Examination in class (1:00-4:00 PM)
Readings
Syllabus
Slides Ch1&2
Slides
Fisher (1930)
Ch3
Ch4 & 5
Ch6
Slides
Ch7
Readings
Slides
Ch14
Ch9
Ch11 & 10
Ch17
Ch16
Ch19
Ch18
Ch18
Ch24 & 25
Slides
Ch20 & 21