Economics Department

Jim Klein - Money and Banking Schedule of Discussion

Day 1-8 - Money and interest rates

• Economics and the plan of the course
• Introduction to measurements
• Introduction to markets
• Durable goods
• Money
• History of money
• Money numbers
• Friedman
• Time preference
• Relative time preference
• Discounting
• Compound interest
• Growing assets
• Terminology of lending
• History of fiat money
• History of inflation and deflation
• Monetary crises
• Creation of the Federal Reserve
• Great contraction
• Stable money and stable politics
• Markets
• Charts
• Commentary
• Auctions
• Futures
• History of bond and bill futures
• History of bond options
• Mathematics of futures
• Mathematics of options

Day 7 - Review

Day 8 - Test 1

Day 9-16 - National Income and Foreign Trade

• Measuring economic activity
  Data sources
• Effects of changes in NIA
• Modeling Aggregate Demand and Supply
• Inputs into AD and AS
• Effects of changes in AD and AS
• Business cycles
• Cyclical indicators
• Fundamental trading
• Technical trading
• Foreign exchange
• The mechanics of exchange
• Government intervention
• Mercantilism
• Monetary effects of foreign trade
• Cyclical indicators
• Fed intentions
• Presenting conclusions

Day 15 - Review for Test 2

Day 16 - Test 2

Day 17-18 - Student presentations

Day 19 -Final exam review

Day 20 Final Exam