180.261 -- Monetary AnalysisCourse Description Analysis of money, banking, and government debt, with emphasis on coherent models with microeconomic foundations. Topics include barter and commodity money, monetary institutions in historical perspective, international monetary systems; portfolio theory, liquidity, financial intermediation, bank risk, central banking; debts and deficits, savings and investment, the temptation of inflation. The course aims at providing students with the means to analyze monetary questions and institutions. Prerequisites: 180.101-102. Announcements 12/1 : Take Home Final (due Dec 16, 2011) 11/22 : Problem Set 8 Due in class on 12/1 : -- chapter 10: #6 and 8 -- chapter 18: #1,2 and 5 The review sessions for PS 8: -Tuesday, Nov 29 2011, 7pm, Krieger 205 -Wednesday, Nov 30 2011, 7pm, Krieger 205 11/1 : 2nd Midterm Date: Nov 8 (Tue), 9:00 - 10:15 a.m. Test covers : Section 4.4, 5.5, 5.6, Chapter 7,8,9 and Section 10.1 - 10.3 Location (IMPORTANT): Students with LASTNAME A-L: Merg 111 Students with LASTNAME M-Z: Remsen Hall 101 Penalty 2 pts if you go to the wrong classroom. Closed book. No calculator. Papers are provided. The review sessions for 2nd Midterm: -Sunday, Nov 6 2011, 7pm, Merg 111 -Monday, Nov 7 2011, 7pm, Krieger 205 9/29 : 1st Midterm Date: Oct. 4 (Tue), 9:00 - 10:15 a.m. Location (IMPORTANT): Students with LASTNAME A-L: Merg 111 Students with LASTNAME M-Z: Remsen Hall 101 Penalty 2 pts if you go to the wrong classroom. Closed book. No calculator. Papers are provided. 9/3 : Based on the in-class vote, there will be two mid-terms and weekly problem sets. The mid-terms will occur in class on October 4 and November 8.
The first problem set will be assigned on Thurs September 8 and due on Thurs September 15.
The take-home final will be distributed on the last day of class and due at the end of exam period (December 16).
Weights in the overall course grade will be 40% for the final, 25% for each midterm, and 10% for the problem sets. (Although the direct weight on problem sets is modest, they are important for preparing for the exams.)
Contact Information Instructor: Laurence Ball Course Time and Location Lecture: Tuesday, Thursday 9:00-10:15 a.m., Mergenthaler 111 Review Sessions: The teaching assistants will hold two review sessions before each problem set is due. Take Home Final (due Dec 16, 2011) Suggested Solution Midterm exam 1 Suggested Solution Midterm exam 2 Resources Macroeconomics and the Financial System by Mankiw and Ball, Chapter 19 Textbook |