1.
Our first day of class served as an introduction to money, banking, and financial markets. Course materials included:
Slides from the first day of class
In-class activity from first day
Link to Museum of American Finance's "Tracking the Credit Crisis: A Timeline"
2.
On the second day of class, we discussed money.
3.
On the third day of class, we discussed the money multiplier theory.
In-class activity from third day
Wolfram Demonstration on multiple deposit creation
4.
On the fourth day of class, we discussed the quantity theory of money and some of the tools and goals of monetary policy.
5.
On the fifth day of class, we use a supply-and-demand model of bank reserves to discuss how central banks can use their tools to affect the interest rate at which banks borrow reserves from each other.
6.
On the sixth day of class, we started to discuss the IS-MP/AD-AS model by discussing the IS, MP, and AD curves.
In-class activity from sixth day
Handout about IS, MP, and AD curves
7.
On the seventh day of class, we discussed the long-run and short-run AS curves and started to apply our IS-MP/AD-AS model.
Guided notes on AS curve from seventh day
Guided notes on applying the AD-AS model from seventh day and my notes on them
Handout about a review session for the first mid-term exam
8.
On the eighth day of class, we continued to apply our IS-MP/AD-AS model.
In-class activity from eighth day
Attendance, participation, and professional self-assessment
9.
On the ninth day, we reviewed for our first mid-term exam.
Another handout about the first mid-term exam
10.
On the 10th day, we took our first mid-term exam.
11.
On the 11th day, we discussed issues related to monetary policy since the recent crisis. The zero lower bound on nominal interest rates was discussed, in particular.
12.
On the 12th day of class, we discussed transmission mechanisms of monetary policy.
In-class activity on zero lower bound and some suggested answers
Guided notes and some notes on them
Handout on PV, FV, YTM, and ROR
13.
On the 13th day of class, we started to discuss our supply-and-demand model of a bond market.
More guided notes and my notes on them
14.
On the 14th day of class, we continued our discussion of the supply-and-demand model of a bond market.
Guided notes and some notes on them
15.
On the 15th day of class, we completed our Fed Challenge project.
16.
On the 16th day of class, we discussed the risk structure of interest rates.
Homework and some suggested answers
17.
On the 17th day of class, we discussed the term structure of interest rates.
Handout on Fed Challenge project
Handout on second mid-term exam
18.
On the 18th day of class, we reviewed for our mid-term exam and develop and applied a supply-and-demand model of tradeable commodities.
In-class activity and associated readings
IGM economic experts panel on gold standard
19.
On the 19th day of class, we had our second mid-term exam.
20.
On the 20th day of class, we started to discuss the stock market.
In-class activity and suggested answers
Guided notes and my notes on them
Homework and associated WSJ article on a stock-picking contest
21.
On the 21rst day of class, we continued our discussion of the stock market.
22.
On the 22nd day of class, you presented your crisis reports.
23.
On the 23rd day of class, we discussed asymmetric information and financial intermediation.
24.
On the 24th day of class, we discussed financial crises, as well as dollarization, currency boards, and currency unions.
Final attendance, participation, and professionalism self-assessment
25.
On the 25th day of class, we'll wrap up our semester and review for the final exam.
Global financial literacy test, article on it, and one-pager on it