SYLLABUS
BADM
407 MONEY AND BANKING
THE
CITADEL
Monday,
Tuesday, Wednesday, Thursday 10:15 –
12:30
Summer
2004
INSTRUCTOR: W. William Woolsey
OFFICE: 273-A Bond Hall
TELEPHONE: 953-5161(O) 795-5062(H)
E-MAIL: Bill.Woolsey@Citadel.Edu
Prerequisites: BADM 201 and BADM 202
OFFICE HOURS: Monday through Thursday,
12:30 – 1:00
COURSE OBJECTIVES:
1. Students to be able to describe
major steps in the evolution of payments institutions.
2. Students must be able to contrast
the process leading to equilibrium in a single bank and the banking system and
illustrate those processes with T-Accounts, use appropriate information to
calculate the money multiplier and relate base money and the money supply, and
explain the effects of the Federal Reserve's major policy instruments and
illustrate with appropriate equations and T-Accounts.
3) Students must be able to discuss the
consequences of various macroeconomic shocks and illustrate using diagrams and
spreadsheets.
4) Students must be able to describe
the potential for instability in the banking system and to discuss the
advantages and disadvantages of using deposit insurance or central banking as
solutions.
5) Students will be able to find
monetary and macroeconomic statistics on the Internet download them into a
spreadsheet and present the data.
COURSE TEXT: Money and Banking: Lecture Summary—on the web at
www.citadel.edu/faculty/woolsey
EVALUATION:
1. Homework
25%
2. Project
10%
3. Exams (3)
45%
4. Final Exam
20%
GRADING SCALE:
90 - 100
A
80 - 89
B
70 - 79
C
60 - 69
D
59 and below
F
ASSIGNMENTS
Homework is an important part of this course. All homework assignments will be graded! Copying all or part of any assignment (including
copying answer sheets) is an honor violation.
Any homework with multiple pages must be stapled. Your name must be on the front of the
paper. It must be folded vertically and
the name placed on the outside
The project requires the compilation of a series of money and banking
statistics, graphs, and brief written descriptions of their performance.
Students must complete three in‑class exams and a cumulative final
exam. There will be essay questions on
the concepts and processes discussed in the class lectures. There will be problems and diagrams similar
to the homework assignments.
Numeric grades are assigned for all assignments on a 100 point
scale. No particular assignment is
every "curved." There will be
no curve at mid-term. It is possible,
however, that the final grades for the course will be "curved."
SCHEDULE:
|
Date |
Lecture Topic |
Lecture Summary |
|
|
1-Jun |
What is Money |
1 |
|
|
2-Jun |
Evolution of Money |
2 |
|
|
2-Jun |
Early Coins |
3 |
|
|
3-Jun |
Early Banking |
4 |
|
|
3-Jun |
Lending Reserves |
5 |
|
|
7-Jun |
Single Bank Equilibrium |
|
|
|
8-Jun |
Exam 1 |
6 |
|
|
9-Jun |
Banking System
Equilibrium |
7 |
|
|
10-Jun |
Banking Algebra |
8 |
|
|
10-Jun |
Federal Reserve System |
9 |
|
|
14-Jun |
|
9 |
|
|
15-Jun |
Money Demand |
10 |
|
|
15-Jun |
Fundamental Proposition |
11 |
|
|
16-Jun |
Exam 2 |
|
|
|
17-Jun |
Real Macroeconomics |
12 |
|
|
17-Jun |
Money Supply and Demand |
13 |
|
|
21-Jun |
IS-LM |
14 |
|
|
22-Jun |
AS-AD |
15 |
|
|
22-Jun |
Money Dynamics |
16 |
|
|
23-Jun |
Exam 3 |
|
|
|
24-Jun |
Monetary Dynamics |
16 |
|
|
28-Jun |
Deposit Insurance |
19,20 |
|
|
29-Jun |
Lender of Last Resort |
21 |
|
|
30-Jun |
Final Exam 1:00 |
|
|