econ 4312-01, money, credit, and banking professor: ryan s ... econ 4312 01... on the same rubric...

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    ECON 4312-01, Money, Credit, and Banking Professor: Ryan S. Mattson (“Dr. Ryan”)

    Tuesday Lecture: 9:30 AM to 10:45 AM. Thursday Discussion: 9:30 AM to 10:45 AM. Students are expected to complete all necessary readings before lecture and discussion. Office Hours held in Classroom Center 222A Tuesdays and Thursdays 11:00 AM to 3:00 PM Wednesdays 9:00 AM to 11:00 AM Office Phone: 806 651 2509 Email: rmattson at wtamu dot edu Social Media: Keep up with the latest happenings of your COB on Facebook and Twitter, connect with us on LinkedIn, and check out COB videos on YouTube. You can also keep up with the WT Economics Club through their Facebook account. The course will require use of a personal computer or laptop. Terms of Use A student's continued enrollment in this course signifies acknowledgment of and agreement with the statements, disclaimers, policies, and procedures outlined within this syllabus and elsewhere in the WTClass environment. This Syllabus is a dynamic document. Elements of the course structure (e.g., dates and topics covered, but not policies) may be changed at the discretion of the professor. Any changes made will take effect 48 hours after the announcement of a change. WTAMU College of Business Mission Statement The mission of the College of Business is to provide high quality undergraduate and graduate business education with a global perspective and ethical awareness. We accomplish this through emphasis on excellence in teaching, which is strengthened by faculty scholarship and supported by professional service. Learning Objectives of the WTAMU College of Business Programs The College of Business (COB) at West Texas A&M University (WTAMU) seeks to prepare students in

    the Bachelor of Business Administration (BBA), Master of Business Administration (MBA), Master of Professional Accounting (MPA), and the Master of Science, Finance and Economics (MSFE) degree programs for careers in business and to foster their

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    professional growth and advancement via key learning goals and objectives. The learning objectives of the College of Business are as follows:

    • Leadership • Communication

    • Critical Thinking • Business Integration • Core Business Knowledge • Global Business Environment • Business Ethics and Corporate Governance

    Course Description

    This course provides an introduction to the theoretical foundations and empirical properties of money, credit, and the financial system. We will examine money supply, rates of return, equities, foreign exchange, banking, financial crises, and the Federal Reserve’s monetary policy. The course will be approached from an empirical perspective, requiring students to apply the theory to real world data.

    Course Objectives

    Students will leave the course able to explain the behavior of monetary and credit instruments, their rates of return, and their role in the economy of the United States.

    Course Materials (Text, calculator, etc.) All items listed are mandatory for this course; I expect all students to have them on the first day of class.

    1. Books o The Economics of Money, Banking, and Financial Markets, 11th Edition by Mishkin.

     MyEconLab access; ISBN-10: 0133862518. No physical text required.  Registration instructions are under “Lessons.”

    o The Curse of Cash, by Rogoff. o Any further readings will be provided on BlackBoard under “Lessons”.

    2. Internet and Computer

    o Microsoft Word and Excel as writing and data tools. o Secure internet connection. It is recommended students use the most up to date version of Mozilla

    Firefox to access both BlackBoard and MyEconLab. You will have to enable cookies for these sites.

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    Map from COB Learning Objectives to Specific Course Objectives The College of Business Learning Goals are related to the course objectives for ECON 4312, as follows:

    1. Students will demonstrate competencies in writing, speaking, and technology communication via the data analysis questions in the assignments and conceptual mastery questions in the quizzes and exams.

    2. Students will demonstrate their competencies in critical thinking via the core concept questions on exams and quizzes and empirical analysis questions in the assignments. They will also analyze an ethical question through a final paper.

    3. Students will demonstrate their competencies in ethical decisions through the outside text reading the ethics paper due at the end of the semester.

    4. Students will demonstrate their knowledge of the global and domestic financial environment and their relevance to firms and individuals as they react to the actions of powerful institutions like Federal Governments and Central Banks.

    5. Students will demonstrate their knowledge of diversity for effective problem-solving via the final paper on ethics in Money and Banking.

    6. Students will illustrate and explain theories and concepts related to financial measurement and macroeconomic theories and practices.

    Course Grading Policies

    The grade is based on a 1000 point scale.

    15 MyEconLab Assignments 600 points. Ethics Paper 200 points Summary and Data Portfolio 200 points --------------------------------------------------------- Total 1000 points Grade Scale: A : Perfect, ≥ 900 B : Above Average, ≥ 800 C : Average, ≥ 700 D : Below Average, ≥ 600 F : Failure, ≤ 599 These numbers can be easily converted to percentages. It is the responsibility of the student to keep up with their own course grade based on this system. The grades calculated on MyEconLab do not reflect the overall grade. Check BlackBoard for your overall grade and contact your professor if you need help determining where you stand in the course.

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    Graded Material: The student earns their grade through the completion of 1000 points consisting of assignments, exams, and a paper (see table of points above). No extra credit or added assignments will be available.

    Assignments are graded based on the amount of correct answers. Given the ability to retake the assignments as many times as possible before the due date, I expect all students to get full credit. This is possible if a student plans their time wisely enough to get full credit before the due date passes.

    Summaries and Data Graphs are half graded by peer review and half graded based on my rubric. Students must turn in the summary and graphs on the discussion dates they are due for peer grading in class. A fellow student will assign a “Exemplary”, “Satisfactory”, or “Unsatisfactory” grade according to a rubric provided. The student will then have the chance to revise the summary and graphs for inclusion in the portfolio; the other half of the grade will then come from my judgement of “Exemplary”, “Satisfactory”, or “Unsatisfactory” based on the same rubric their peer reviewer used. I will further grade the graphs based on the clarity and professionalism of the Excel spreadsheet turned in at the end of the semester (only print out your graphs for the peer grading and portfolio; do not print out the entire Excel spreadsheet!).

    The Ethics paper will be graded based on the same rubric used for the summaries and the ranking of those papers relative to others in the course.

    Due Dates: Due dates are inflexible. Any requests for a make-up exam or extension will require immediate and extensive proof of hardship (doctor’s note, obituary, police report, etc). All requests without evidence will be rejected automatically.

    Incompletes: I will not consider an incomplete unless 70% of the coursework is completed. Even then I reserve the right to refuse any request for an incomplete.

    Grade Changes: Any requests for grade changes must be accompanied by a 250 word essay of exactly where a grading error occurred, why the grading is incorrect, and a description of the correct material proving the student’s case. I will not consider any grade changes that do not meet this requirement.

    Any course conflicts the student foresees should be brought to my attention as soon as possible. Poor planning on your part does not constitute an emergency on my part.

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    Course Assignment, Examination, and or Project Policies

    Assignments: Assignments are available on the MyEconLab website. You may take the assignments as many times as you want before the due date. Assignments are meant as preparation for lecture and in-class discussion. No extensions will be given on this work under any circumstance.

    Portfolio: Students are to complete four 500 word, typed, double spaced, and properly cited “Summaries” and Data Assignments to be reviewed in class by their colleagues during specific discussions sections throughout the semester. At the end of the semester these summaries and data assignments will be compiled in a Portfolio with their Ethics Paper.

    Students must complete a 600 to 800 word essay regarding an ethics and conflict of interest topic to be announced the second week of class. No extensions or make up work will be given. Drafts will be submitted at random to for plagiarism checking. Any act of plagiarism will meet with a 0 for all involved and I wil


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