Stony Brook University

ECO360 Money and Banking (Online)

Summer 2021

Syllabus
Instructor: Yemiao Ke
E-mail: yemiao.ke@stonybrook.edu
Office Hours:
1. Asynchronously, by the forum of the course in Blackboard.
2. Monday 9:00 AM – 11:00 AM, by Zoom, meeting ID: 783 594 2071.

COURSE DESCRIPTION
An introduction to modern monetary institutions and mechanisms, their relationship to the
economy, and governmental policies in this area. More specifically, the objective of the course is
to introduce you to the set of analytical tools needed to explain the functioning of the banking
system and financial markets. This will allow you to understand the scope and limitations of
economic (monetary and financial) policy on market economies. We aim to find answers to
questions such as: What is money and interest rate? What is the FED? How the increase in the
interest rate affects the economy? What moves financial markets? How does monetary policy
affect economy?

COURSE PRE-REQUISITES
C or higher in ECO305 (If you do not satisfy the pre-requisites, you should not be in the class!!!)

READING MATERIAL
(1) Mishkin, Frederic S., The Economics of Money, Banking, and Financial Markets. Addison
Wesley, 12th Edition (Required)
You are required to read and understand several chapters of the book. It is highly recommended
to have one at hands. Feel free to rent, buy a used copy or share with friends.
(2) Lecture slides based on this book will be uploaded on blackboard.
Please note! These slides are only a summary. You need to read textbook to prepare for exams.

COURSE DELIVERY/MODALITY
This is an asynchronous, online course, delivered in the Blackboard learning management system
(LMS). Students must be mindful of all course expectations, deliverables and due dates. Keep in
mind that all dates and time are in US Eastern Standard Time. Students in different time zones
should be aware of the deadlines and adjust accordingly. All assignments and course interactions
will utilize internet technologies. See “Technical Requirements” section for more information.

PREFFERED METHOD OF CONTACT WITH INSTRUCTOR

My preferred method of contact is via email mentioned above on page 1 of this syllabus. I strive
to respond to your emails as soon as possible, but please allow between 24-48 hours for a
response. Please utilize your Stony Brook University email when getting in touch with me as
that is the preferred method of contact from the institution.

CLASS SCHEDULE
Date Topic
Jul 5 – Jul 11 An overview of the financial system (Chapter 2) & What is money (Chapter 3)
Jul 12 – Jul 18 Interest rate (Chapter 4, 5)
Banking and the management of financial institutions (Chapter 9), Central banks
Jul 19 – Jul 25
and the FED (Chapter 13) & The money supply process (Chapter 14)
Jul 26 – Aug 1 Tools and the conduct of monetary policy (Chapter 15, 16)
Aug 2 – Aug 8 The demand for money (Chapter 19) & The IS curve (Chapter 20)
The monetary policy and aggregate demand curve (Chapter 21), aggregate
Aug 9 – Aug 15
demand and supply analysis (Chapter 22) & Monetary policy theory (Chapter 23)

Note that this timeline is just a suggestion. As you can access to all the materials at any time, you
have the flexibility to arrange your own time to study. However, you must meet all the deadlines
of the assignments, including homework, discussion boards and exams.

GRADING
In this course, you will be assessed according to the following criterion:

TASKS POINTS
Discussion Board 15 points (5 points each)
Homework 15 points (5 points each)
Midterm 1 20 points
Midterm 2 20 points
Final Exam 30 Points
TOTAL 100 points

Discussion Board (15%)

There will be 3 discussion prompts which you will need to respond to. The prompts will be
designed to evaluate your understanding of the material covered. You are expected to use the
discussion board in the following way.
1. There will be a discussion prompts every two weeks. It will be related to the topic
covered in those two weeks. (graded)
2. You also need to respond to at least one of your peers’ responses. (graded)
3. There will be a general question forum where you can post any query related to the
course. This will help other fellow students who might have the same question as you do.
(not graded)
4. Please be respectful and courteous when you write your response in the discussion board.

Discussion Board Grading Criteria

The discussion board will be graded subjectively based on the quality of your response to the
prompt.
Response to the prompt within the module carries a total of 80 points.
1. Your response to the prompt must be posted at least 2 days before the deadline of each
forum. Otherwise, you will only receive 70% of the total points.
2. Based on the prompt, if you have 3 or more distinct arguments supporting your answer, it
is worth the full 80 points.
3. For 2 distinct, well formulated arguments supporting your answer, you will obtain 60
points.
4. For 1 distinct well formulated answer, you will obtain 40 points.
5. If you fail to respond, or your answer is inconclusive you lose all the points.
Response to your peers' answer within the module carries a total of 20 points.
1. For a well formulated response which adds to the answer of your classmate objectively
you will get 20 points.
2. Else, for not responding, or response such as ('I agree', 'You are right') no points are
offered.

The time span for forum in each module is scheduled as follows:

Forum 1: Jul 5 – Jul 18, 11:59PM EST
Forum 2: Jul 19 – Aug 1, 11:59PM EST
Forum 3: Aug 2 – Aug 15, 11:59PM EST

Homework
There will be 3 homework during the course, each accounting for 5 points. All the homework
should be submitted via Blackboard. Do not copy answers from others. Deadlines for
homework are scheduled as follows:
Homework 1: Jul 18, 11:59PM EST
Homework 2: Aug 1, 11:59PM EST
Homework 3: Aug 15, 11:59PM EST

Exams
The course will have three exams. The dates are as follows
Midterm 1: Jul 16, 10AM - 11:30AM EST or 8:30PM -10PM EST
Midterm 2: Jul 30, 10AM - 11:30AM EST or 8:30PM -10PM EST
Final exam: Aug 13, 10AM - 11:30AM EST or 8:30PM -10PM EST
For each exam, you can choose between the two time slots. I will not offer make-up exams.
Please mark your calendar and schedule for the exam beforehand. If you cannot take the exams
at the above time, you should not enroll in this course.

Every two weeks, you will have an open-book exam. You should not discuss the exams with
your classmates. You must finish them by your own. Midterm exams are not cumulative and
each of them only covers materials in that module. The final exam is cumulative and covers all
the materials in this course. All exams will be posted on Blackboard and you must upload your
answers to Blackboard before the deadline of each exam.

Late Work Policy

No late work will be accepted.
Letter Grades Criteria
A letter grade based on the sum of the components above will be assigned as follows:
Letter Points Received
Grade
A 94-100
A- 90-93
B+ 86-89
B 80-85
B- 76-79
C+ 72-75
C 68-71
C- 64-67
D+ 60-63
D 56-59
F 0-55

SUBJECT TO CHANGE NOTICE

All material, assignments, and deadlines are subject to change with prior notice. It is your
responsibility to stay in touch with your instructor, review the course site regularly, or
communicate with other students, to adjust as needed if assignments or due dates change.

SYLLUBUS DISCLAIMER
The instructor views the course syllabus as an educational contract between the instructor and
students. Every effort will be made to avoid changing the course schedule, but the possibility
exists that unforeseen events will make syllabus changes necessary. The instructor reserves the
right to make changes to the syllabus as deemed necessary. Students will be notified in a timely
manner of any syllabus changes face-to-face, via email or in the course site Announcements.
Please remember to check your SBU email and the course site Announcements often.

Student Accessibility Support Center Statement

If you have a physical, psychological, medical, or learning disability that may impact your
course work, please contact the Student Accessibility Support Center, Stony Brook Union Suite
107, (631) 632-6748, or at sasc@stonybrook.edu. They will determine with you what
accommodations are necessary and appropriate. All information and documentation are
confidential.

Assistance During Emergency Evacuation

Students who require assistance during emergency evacuation are encouraged to discuss their
needs with their professors and the Student Accessibility Support Center. For procedures and
information go to the following website: https://ehs.stonybrook.edu/programs/fire-
safety/emergency-evacuation/evacuation-guide-people-physical-disabilities and search Fire
Safety and Evacuation and Disabilities.

Academic Integrity Statement

Each student must pursue his or her academic goals honestly and be personally accountable for
all submitted work. Representing another person's work as your own is always wrong. Faculty is
required to report any suspected instances of academic dishonesty to the Academic Judiciary.
Faculty in the Health Sciences Center (School of Health Technology & Management, Nursing,
Social Welfare, Dental Medicine) and School of Medicine are required to follow their school-
specific procedures. For more comprehensive information on academic integrity, including
categories of academic dishonesty please refer to the academic judiciary website at
http://www.stonybrook.edu/commcms/academic_integrity/index.html

Critical Incident Management:

Stony Brook University expects students to respect the rights, privileges, and property of other
people. Faculty are required to report to the Office of University Community Standards any
disruptive behavior that interrupts their ability to teach, compromises the safety of the learning
environment, or inhibits students' ability to learn. Faculty in the HSC Schools and the School of
Medicine are required to follow their school-specific procedures. Further information about most
academic matters can be found in the Undergraduate Bulletin, the Undergraduate Class
Schedule, and the Faculty-Employee Handbook

Course Materials and Copyright Statement

Course material accessed from Blackboard, SB Connect, SB Capture or a Stony Brook Course
website is for the exclusive use of students who are currently enrolled in the course. Content
from these systems cannot be reused or distributed without written permission of the instructor
and/or the copyright holder. Duplication of materials protected by copyright, without permission
of the copyright holder is a violation of the Federal copyright law, as well as a violation of Stony
Brook's Academic Integrity and Student Conduct Codes.