Econ431 Monetary Theory and Policy
Perry Mehrling. 2011.
The New Lombard Street
How the Fed Became the Dealer of Last Resort
. Princeton, NJ:Princeton University Press.
L. Randall Wray. 1998.
Understanding Modern Money
The Key to Full Employment and Price Stability
.Cheltenham: Edward Elgar.Other readings will be linked to in the course outline below or posted to course website.
900 points ≤ A
- < 930 points
800 points ≤ B
< 830 points ≤ B < 870 points ≤ B+
< 900 points700 points
< 730 points ≤ C < 770 points ≤ C+ < 800 points
600 points ≤ D
< 630 points ≤ D < 670 points ≤ D+ < 700 points
F < 600 points
Weights for Graded Activities:
Forums (15 @ 10 points each + 2 forum leads @ 10 points each) 170 pointsResearch Paper 200 pointsArticle Reviews (5 @ 50 points each) 250 pointsTake-Home Questions (3 @ 120, 120, & 140 points, respectively) 380 pointsTotal 1000 pointsEach of the graded activities is discussed in turn below.
There will be 15 forums, one each week that will begin on the Tuesday following class. Also, please note thatyou are always welcome
to start forum discussions on topics related to the course(including current events
links to articles and such
or questions you might have about course materialitself); initiating forums on your own is an opportunity to earn bonus points (discussed below).The general rule for forums will be that you will offer an original post of around 200-300 words and then also
offer at least 2 responses to either other students’ original posts or the responses of others to an original post
(including responses to your own
post). Your responses will be either in the affirmative (i.e., “I agree withyour point on ________ because . . .“, as a question for the original post or for a response, or a
critique ordisagreement of a point made by another. The points possible per forum will be as follows:Original post to a forum 6 pointsResponses to other posts/discussions 2 points each (maximum 4 points per forum)Grading criteria for original forum posts will be (1) their relevance to the course materials under discussion forthat forum
here I will be looking for effort in attempting to read/understand the material, (2) effort in termsof length and seriousness of contribution to the forum, (3) correct citations throughout (i.e., absolutely noplagiarism will be tolerated
if you are discussing something Mehrling wrote, for instance, be sure you areciting relevant pages in his book), and (4) timing
minus 2 points for posting your original post after thebeginning of the next class period.