《《货币金融学英1》课程教学大纲.docx》由会员分享，可在线阅读，更多相关《《货币金融学英1》课程教学大纲.docx（7页珍藏版）》请在taowenge.com淘文阁网|工程机械CAD图纸|机械工程制图|CAD装配图下载|SolidWorks_CaTia_CAD_UG_PROE_设计图分享下载上搜索。
1、货币金融学英1课程教学大纲Course Name: Money and BankingCourse Code:FIN900Instructor: Chengbo Xie, Gezhi 518, xiecbTime and Location: Wednesday, 08:30-11:05, C408, SWUFE (Liulin Campus)Office Hours: Tuesday morning 10:00am-12:00am or by appointment, Gezhi 518.Course website: We will use the learning system “MyEc
2、onLab and the website is s:/ pearsonmylnbandmasterinR /global/. I will post class announcement, the syllabus, lecture notes (slides), additional readings, and other materials there.Prerequisites: A background in Microeconomics and Macroeconomics is highly recommended.Course DescriptionThis is a one
3、semester course on Money, Banking and Financial Markets. We will study the financial system from an economic perspective. Specifically, we will focus on the concept of money, interest rates, major financial markets, banking structures and function, central banking, determinants of the money supply,
4、exchange rates, and monetary policy. For example, how are interest rates determined? What economic factors drive the yield curves in different bond markets? This course is appropriate for anyone trying to gain a macroeconomic perspective on Financial markets.Teaching ObjectivesUpon completion of the
5、 course, students should: Develop a general understanding of some basic concepts in Finance Know the role and function of the banking system Master the fundamentals of monetary theory and its relevance to policy making Be able to apply what you learned to solve problems in realityTextbooks Required
6、textbook Mishkin, Frederic S. The Economics of Money, Banking, and Financial Markets. Eleventh edition. Pearson series in economics. Boston: Pearson, 2016. Recommended supplementary/complementary textbooks黄达，张杰。金融学(第四版)。中国人民大学出版社，2017o殷孟波，解川波。货币金融学(第二版)。出版社，2012o Mankiw, Nicholas Gregory. Principles
7、 of Economics. 8th edition. Boston: Cengage, 2018.Main ContentChapterTopicsSchedule1Why study money, banking, and financial markets(chapter 1)1. Why study financial markets2. Why study financial institutions and banking3. Why study money and monetary policy4. Why study international financeWeekl2An
8、overview of the financial system (Chapter 2)1. Function of financial markets2. Structure of financial markets3. Financial market instruments4. Internationalization of financial markets5. Function of financial intermediaries: indirect finance6. Types of financial intermediaries7. Regulation of the fi
9、nancial systemWeek 23Financial System in China1. Historical reforms2. Structure of financial markets3. Types of financial intermediaries4. RegulationsWeek 34What is money (Chapter 3)1. Meaning of money2. Functions of money3. Evolution of the payments system4. Measuring moneyWeeks5The meaning of inte
10、rest rates(Chapter 4)1. Measuring interest rates2. The distinction between interest rates and returns3. The distinction between real and nominal ratesWeek 66The behavior of interest rates(Chapter 5)1. Determinant of asset demand2. Supply and demand in the bond market3. Changes in equilibriumWeek 7in
11、terest rates4. Supply and demand in the market for money: the liquidity preference framework5. Changes in equilibrium interest rates in the liquidity preference framework6. Money and Interest Rates7The risk and term structure of interest rates (chapter 6)1. Risk structure of interest rates2. Term st
12、ructure of interest ratesWeek 88The stock market, the theory of rational expectations, and the efficient market hypothesis(Chapter 7)1. Computing the price of common stock2. How the market sets stock prices3. The theory of rational expectations4. The efficient market hypothesis5. Why the EMH does no
13、t imply the financial markets are efficient6. Behavioral financeWeek 99An economic analysis of financial structure (chapter 8)1. Basic facts about financial structure throughout the world2. Transaction costs3. Asymmetric information: adverse selection and moral hazard4. The lemons problem: how adver
14、se selection influences financial structure5. How moral hazard affects the choice between debt and equity contracts6. How moral hazard influences financial structure in debt marketsWeek 1010Banking and the management of financial institutions (Chapter 9)1. The bank balance sheet2. Basic banking3. Ge
15、neral principles of bank management4. Managing credit risk5. Managing interest-rate risk6. Off-balance-sheet activitiesWeek 1111Economic analysis of financial regulation (chapter 10)1. Asymmetric information and financial regulation2. The 1980s savings and loan and banking crisis3. Banking crises th
16、roughout the world4. The dodd-frank bill and future regulationWeek 1212Central banks: a global perspective1. Origins of the federal reserve systemWeek 13(Chapter 14)2. Structure of the federal reserve system3. How independent is Fed?4. Should the Fed be independent?5. Explaining central bank behavio
17、r6. Structure and independence of the ECB7. Central banks round the world8. Structure and independence of other foreign central banks13The money supply process (Chapter 15)1. Three players in the money supply process2. The Feds balance sheet3. Control of the monetary base4. Multiple deposit creation
18、: a simple model5. Factors that determine the money supply6. Overview of the money supply process7. The money multiplierWeek 1414Tools of monetary policy (Chapter 16)1. The market for reserves and the federal funds rates2. Conventional monetary policy tools3. Nonconventional monetary policy tools du
19、ring the global financial crisis4. Monetary policy tools of the European central bankWeek 1515The foreign exchange market (Chapter 18)1. Foreign exchange market2. Exchange rates in the long run3. Exchange rates in the short run4. Explaining changes in the exchange ratesWeek 1616Quantity theory, infl
20、ation, and the demand for money(Chapter 20)1. Quantity theory of money2. Budget deficits and inflation3. Keynesian theories of money demand4. Portfolio theories of money demand5. Empirical evidence for the demand for moneyWeek 17Assessment and GradingPlease note that the requirements and grading pol
21、icy set forth in this syllabus may be modified any time. Notice of such changes will be by announcement in class and on MyEconLab. Attendance: Score: 5 I will randomly call the roll during the semester. If you arc absent from the classes for 1 time, you will lose all the 5 points. Problem sets/assig
22、nments Score: 30 The assignments will be posted on MyEconLab. For each assignment, unlimited attempts are allowed before due dale and the latest one will be used as the score for this assignment. Please complete the homework independently. Cheating is not allowed. Group project Score: 15 The groups
23、will be assigned by the instructor. The list can be found on MyEconLab. Each group should choose one question from the pool. I will post the question on MyEconLab. Each group should give a presentation before the class starting from week 7. Midterm Score: 20 Closed-book and closed-notes On November
24、24 or 25. The time is to be determined. Final exam Score: 30 Closed-book and closed-notes In final wee Designed by committee of Money and BankingIdeologyAcademic IntegrityCheating and other forms of academic dishonesty will not be tolerated. Academic dishonesty includes, but is not limited to: copyi
25、ng the work of another student in an examination, providing answers to another student in an examination, using any unauthorized materials in an examination, impersonating another student or allowing such in an examination, changing the name or answers on an examination after the work has been grade
26、d and returned. All incidents of plagiarism or collusion will result in the student receiving a failing grade for exam, and possibly for the course.Course ContentsIn Chapter 2 and 3, this course will discuss the differences between China and the US in financial systems and payment systems. In this w
27、ay, students will get to know the pros and cons of the financial systems in China. This will not only give students the idea that differences are not drawbacks”, providing them with the confidence in both path and system, but also encourage them to explore the theory behind Chinas phenomenal growth
28、in the past 40 years.In later Chapters, we will also follow the hot topics associated with Chinese economy and financial system. By asking them to present about those hot topics, students can better understand the contents in the textbook and the theory behind the policies made by the regulators, without influenced by media and rumors.