The tentative course schedule is summarized as follows: 

Part 1: Introduction

Chapter 1: Why Study Money, Banking, and Financial Markets? (Sep. 18)

Chapter 2: An Overview of the Financial System (Sep. 18)

Chapter 3: What Is Money? (Sep. 25)

Part 2: Financial Markets

Chapter 4: The Meaning of Interest Rates (Oct. 16)

Chapter 5: The Behavior of Interest Rates (Oct. 23)

Chapter 6: The Risk and Term Structure of Interest Rates (Oct. 30)

Chapter 7: The Stock Market, the Theory of Rational Expectations, and the Efficient Market Hypothesis (Nov. 6)

*Midterm Exam (Nov. 13)

Part 3: Financial Institutions

Chapter 8: An Economic Analysis of Financial Structure (Nov. 20)

Chapter 9: Banking and the Management of Financial Institutions (Nov. 27)

Chapter 10: Economic Analysis of Financial Regulation (Dec. 4)

*Presentation (Dec. 11)

Chapter 11: Banking Industry: Structure and Competition (Dec. 18)

Chapter 12: Financial Crises in Advanced Economies (Dec. 25)

*Final Exam (Jan. 8)

TBA

Mid-term (case analysis): 30% 

Final exam: 30% 

Oral presentation: 20% 

Discussions and class participation: 20%

Notice: Because of the limit of time, the oral presentation is encouraged but not required. 

1. Mishkin, F. S., The Economics of Money, Banking and Financial Markets, 12th edition, Pearson.

(main)

2. Cecchetti, G. Stephen and Lermit L. Schoenholtz, Money, Banking and Financial Markets, 4th edition,

McGraw-Hill. (highly recommended)