The tentative course schedule is summarized as follows: 

Part 1: Introduction

Chapter 1: Why Study Money, Banking, and Financial Markets? (Sep. 5)

Chapter 2: An Overview of the Financial System (Sep. 12)

Chapter 3: What Is Money? (Sep. 19)

Part 2: Financial Markets

Chapter 4: The Meaning of Interest Rates (Sep. 26)

Chapter 5: The Behavior of Interest Rates (Oct. 3)

Chapter 6: The Risk and Term Structure of Interest Rates (Oct. 17)

%Chapter 7: The Stock Market, the Theory of Rational Expectations, and the Efficient Market Hypothesis (selected)

*Midterm Exam (Oct. 31)

Part 3: Financial Institutions

Chapter 8: An Economic Analysis of Financial Structure (Nov. 7)

Chapter 9: Banking and the Management of Financial Institutions (Nov. 14)

%Chapter 10: Economic Analysis of Financial Regulation (selected)

Chapter 11: Banking Industry: Structure and Competition (Nov. 21)

Chapter 12: Financial Crises in Advanced Economies (Nov. 28)

Presentation # 1 (Dec. 5)

Chapter 13: Financial Crises in Emerging Market Economies (Dec. 12)

*Final Exam (Dec. 19) 

Presentation # 2 (Dec. 26)

TBA

- Mid-term: 30% 

- Final exam: 30% 

- Oral presentation: 20% (cannot be substituted by any form of paper work)

- 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. 13th edition, Pearson.

(main)

2. Cecchetti, G. Stephen and Lermit L. Schoenholtz, Money, Banking and Financial Markets. 7th edition,

McGraw-Hill. (highly recommended)