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Econ 206 Course Readings List
Econ 206 Course Readings List
206 Readings Winter 2021
WEEK UNITS AND TOPICS READINGS
1 Module 1: The Concept of Money Weatherford: Introduction ‐ The World Market
• Purpose of the course
• Definition of financial markets
• Definition of money
2 Module 2: Barter & Commdity Money Weatherford: Chapter 1
• what is barter?
• problems with barter
• modern variants
• What is commodity money?
3 Module 3: Invention of Coins Weatherford: Chapter 2
• history of coinage
• benefits of coins
• Coins and classical commerce
4 Module 4: Money in the Roman Empire Weatherford: Chapter 3; Chapter 4 (pgs 64‐74)
• Funding conquest
• Funding population growth
• Discovery of inflation
• collapse of the empire
• the Dark Ages & feudalism
5 Module 5: The Evolution of Banking and Credit Weatherford: Chapter 4 (pgs 74‐79); Chapter 5
• early European banking
• usury
• commercial arithmetic
6 Module 6: Paper Money/Fiat Currency Weatherford: Chapter 7; Chapter 8
• what is fiat money?
• history of paper money
WEEK UNITS AND TOPICS READINGS
7 Module 7: The British Gold Standard Weatherford: Chapter 10; Chapter 11; Chapter 12
• Development of British banking
• how a gold standard works
• strengths and weaknesses
STUDY WEEK
William N. Goetzmann, “Financing Civilization.”
8 Module 8: Debt and Bonds http://viking.som.yale.edu/will/finciv/chapter1.htm
Glyn Davies. “A History of Money.”
• amount of public debt http://projects.exeter.ac.uk/RDavies/arian/war.html
Kenneth Rogoff, "Not a Pretty Picture," The International Economy, Winter 2009
• description of bond market http://www.international‐economy.com/TIE_W09_Rogoff.pdf
• the money market
9 Module 9: Money Supply Weatherford: Chapter 13
• Cash and Credit
“Finance and Economics: Of debt, deflation and denial; The deflation danger,” The
Economist, Oct 12, 2002. Vol.365 pg 95
http://search.proquest.com.ezproxy.humber.ca/abiglobal/docview/224043135/fulltext
• Quantity Theory /58D16922E3DC4089PQ/1?accountid=11530
• central banking
“Link by link; A short history of modern finance” The Economist, Oct 18, 2008. Vol.389
http://search.proquest.com.ezproxy.humber.ca/docview/223998080/fulltext/16FFBC1F
10 Module 10: Financial Markets 862548B8PQ/2?accountid=11530
Steven Gjerstad, Vernon L. Smith, “From Bubble to Depression?” Wall Street Journal.
(Eastern edition). New York, N.Y.: Apr 6, 2009. pg.
• 20th Century equity markets A.15 http://www.wsj.com/articles/SB123897612802791281
Geoffrey D Selzer, Guy A Torres, “Doomed to repeat it? A historic look at greed and fear
in market phenomena,” Journal of Financial Planning. Denver: Nov 2000. Vol. 13, Iss. 11;
pg. 116, 10 pgs
http://search.proquest.com.ezproxy.humber.ca/docview/217561725/fulltextPDF/7A5E
• history of interest rates 9136B5AD4929PQ/1?accountid=11530
WEEK UNITS AND TOPICS READINGS
• New financial products
11 Module 11: Electronic Money Weatherford: Chapter 15 and 16
“Not‐so‐divine intervention” The Economist: Oct 7, 1995. Vol. 337; pg. SS29
http://search.proquest.com.ezproxy.humber.ca/docview/224113422/fulltext/7CFE3750
• history of electronic money 04F446C3PQ/6?accountid=11530
“Finance And Economics: Revaluation by stealth; The Chinese yuan” The Economist.
London: Jan 12, 2008. Vol. 386, pg. 69
http://search.proquest.com.ezproxy.humber.ca/docview/223998950/fulltext/B77613C
• new versions A5BDD4EE7PQ/5?accountid=11530
• electronic wallets & privacy
12 Module 12: Currency as a Weapon Weatherford: Chapter 17
• do governments manipulate currencies?
• is it a problem?
• the case of China
13 Module 13: The Future of Money Weatherford: Chapter 18
Hartzog, “The Future of Money” Energy Bulletin,
Cryptocurrencies 02/01/2005 http://www.energybulletin.net/print/4207
“Special Report: A cash call ‐ The future of money,” The Economist, Feb 17, 2007 Vol.
• do we need more regulation? 382. Pg. 76
• socialization of risk
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