ECON2026 Course Outline PDF

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Academic Year : 2020

and financial markets, including issues arising from bank regulation, the role of banks in financial intermediation, and the significance of bank behaviour in monetary policy. This includes analysis of monetary innovations through crypto-currencies such as "bit-coin", and the shadow banking systems that played a significant role in the Global Financial Crisis. The second objective is to study the operation of monetary policy generally, in large economies such as the USA, and in small open economies such as Australia.

2. Understand simple articles concerned with monetary economics and banking theory 3. Apply to current events key models and concepts of monetary economics and banking theory 4. Appreciate the potential importance of monetary phenomenon in the economy

students are aware of the University’s academic standards, and implement them. Students are expected to have read the Academic Misconduct Rule before the commencement of their course. Other key policies and guidelines include: Student Assessment (Coursework) Policy and Procedure Special Assessment Consideration Policy and General Information Student Surveys and Evaluations Deferred Examinations Student Complaint Resolution Policy and Procedure

recent papers will be provided in Wattle, often as suggested optional readings, if it is necessary. When feasible, the main findings of those papers will be discussed in the class. The lecturer in charge of this course

has research interests in macroeconomics and has published several papers in the top international journals.

detailed information regarding the final exam will be available no later than week 10 on Wattle.

in Economics). Hereafter, I will refer it as Mishkin. The copies of the book are available in the campus bookstore and the library (2 hour loan). It can be also ordered from the publisher's website: https://www.pearson.com.au.

· Written comments: I will provide comments on HW Assignments, tutorial short exam papers, and the mid-semester exam papers. ·

Verbal comments will provided during consultation hours.

students. Students are encouraged to offer feedback directly to their Course Convener or through their College and Course representatives (if applicable). The feedback given in these surveys is anonymous and provides the Colleges, University Education Committee and Academic Board with opportunities to recognise excellent teaching, and opportunities for improvement. The Surveys and Evaluation website provides more information on student surveys at ANU and reports on the feedback provided on ANU courses.

This course consists of one lecture (two hours) and one tutorial (one hour) per week (see the timetable for details on dates, times, and locations). Tutorial meetings start in week 2 (see tutorial registration details below). Lectures: It is expected that students attend lectures whenever possible and come prepared to them. The handouts will be uploaded to WATTLE at least one day before the lectures. Tutorials: It is expected that students prepare for tutorial in advance and come ready to answer questions about the problems assigned for each week’s tutorial. Extensions and Penalties No submission of assessment tasks without an extension after the due date will be permitted. If an assessment task is not submitted by the due date, a mark of 0 will be awarded. Referencing Requirements Please use Harvard style referencing: http://www.anu.edu.au/students/learning- development/academicintegrity/style-guides Scaling Your final mark for the course will be based on the raw marks allocated for each of your assessment items. However, your final mark may not be the same number as produced by that formula, as marks may be scaled. Any scaling applied will preserve the rank order of raw marks (i.e. if your raw mark exceeds that of another student, then your scaled mark will exceed the scaled mark of that student), and may be either up or down. Other Information Building Access Hours

Both CBE and HW ARNDT are: TEACHING PERIOD = Mon – Fri 07.45 to 21.15 and SAT, SUN and Public Holidays is not accessible by students. Both CBE and HW ARNDT are: NON TEACHING PERIOD = Mon – Fri 08.00 to 18.00 and SAT, SUN and Public Holidays is not accessible by students.

RSE has a Frequently Asked Questions page where you can find relevant policies and information on a broad range of topics, the onus is on the student to familiarise themselves with this page and the information available. https://www.rse.anu.edu.au/students/students/frequently-asked-questions/ Support for Students The University offers a number of support services for students. Information on these is available online from http://students.anu.edu.au/studentlife/

1

Book: Frederic S. Mishkin, The Economics of Money, Banking, and Financial Markets, 12th edition. Hereafter, I will refer it as Mishkin. Introduction Readings: Mishkin Chapters 1, 2,and 3.

2

Interest Rates Readings: ?Mishkin Chapters 4 and 5.

3

Interest Rates Readings: ? Mishkin Chapter 6

Homework assignments, tutorial quizzes, and exams

4

Stock Market Readings: ?Mishkin Chapter 7

Homework assignments, tutorial quizzes, and exams

5

Central Banks and Money Supply Readings: Mishkin Chapters 14 and 15

Homework assignments, tutorial quizzes, and exams

6

Monetary Policy Readings: Mishkin Chapters 16 and 17

7

International Finance and Monetary Policy Readings: Mishkin Chapters 18 and 19

8

The IS, MP, and AD Curves Readings: ? Mishkin Chapter 21, 22

9

AD and AS and Monetary Policy Theory Readings: ? Mishkin Chapter 23

Homework assignments, tutorial quizzes, and exams

10

Further Issues in Monetary Policy I Readings: Mishkin Chapters 24 and 25

Homework assignments, tutorial quizzes, and exams

11

Further Issues in Monetary Policy II Readings: Mishkin Chapters 26

Homework assignments, tutorial quizzes, and exams

Homework assignments, tutorial quizzes, and exams Homework assignments, tutorial quizzes, and exams Homework assignments, tutorial quizzes, and exams

12

Overview

V A LU E

D U E D AT E

T ASK

RET URN OF AS S E S S M E N T

L E AR N IN G OUT COMES

Homework Assignment 1

6%

22/03/2020

05/04/2020

1, 2, 3, 4, 5, 6, 7, 8

Homework Assignment 2

6%

17/05/2020

31/05/2020

1, 2, 3, 4, 5, 6, 7, 8

Tutorial Short Quizzes

12 %

25/02/2020

31/05/2020

1, 2, 3, 4, 5, 6, 7, 8

Mid Semester Exam

26 %

01/04/2020

26/04/2020

1, 2, 3, 4, 5, 6, 7, 8

Final Exam

50 %

06/06/2020

22/06/2020

1, 2, 3, 4, 5, 6, 7, 8

* If the Due Date and Return of Assessment date are blank, see the Assessment Tab for specific Assessment Task details

submissions as a component of the University's approach to managing Academic Integrity. For additional information regarding Turnitin please visit the ANU Online website. In rare cases where online submission using Turnitin software is not technically possible; or where not using Turnitin software has been justified by the Course Convener and approved by the Associate Dean (Education) on the basis of the teaching model being employed; students shall submit assessment online via ‘Wattle’ outside of Turnitin, or failing that in hard copy, or through a combination of submission methods as approved by the Associate Dean (Education). The submission method is detailed below.

examiners meeting at the end of each Semester. If appropriate, some moderation of marks might be applied prior to final results being released.

note that preparing for lectures and tutorials in advance will considerably enhance your performance in this course.

This is an on-campus course. Attendance at all teaching events, while not compulsory, is expected in line with “Code of Practice for Teaching and Learning”, clause 2 paragraph (b). In addition, tutorials are a discussion-based class. Providing worked solutions would not effectively compensate for missing a tutorial. Students who, through unavoidable and unplanned occurrences, are unable to attend a tutorial class one week are encouraged to work through the problems and attend a consultation session for discussion and solutions.

Value: 6 % Students need to answer various short-essay, data manipulation, or analytical questions individually. The assignment questions will be posted to Wattle at least a week before its due date. The

Due Date: 22/03/2020 Return of Assessment: 05/04/2020 Learning Outcomes: 1, 2, 3, 4, 5, 6, 7, 8

assignment should be typed. The font size should be 12 and the line spacing should be 1.5 lines. The normal margin should be used. Please submit a PDF file version of your work through Turnitin. Presentation requirements: No

Value: 6 % Students need to answer various short-essay, data manipulation, or analytical questions individually. The assignment questions will be posted to Wattle

Due Date: 17/05/2020 Return of Assessment: 31/05/2020 Learning Outcomes: 1, 2, 3, 4, 5, 6, 7, 8

at least a week before its due date. The assignment should be typed. The font size should be 12 and the line spacing should be 1.5 lines. The normal margin should be used. Please submit a PDF file version of your work through Turnitin. Presentation requirements: No

Value: 12 % There will be 5 short quizzes in tutorials. Each tutorial quiz will take 20 minutes and be given towards the end of tutorials. Your best 4 scores will

Due Date: 25/02/2020 Return of Assessment: 31/05/2020 Learning Outcomes: 1, 2, 3, 4, 5, 6, 7, 8

be counted. The quizzes will take place in Weeks 3, 5, 7, 9, and 11. These quizzes will try to measure your understanding the material during the semester and to give you a timely feedback. The quizzes are not comprehensive i.e. they will cover the previous two tutorials’ materials at most. The value of each quiz is 3%.

Value: 26 % This exam is optional and redeemable. It will be 2 hours long. The date and time of the exam will be determined by Timetabling and be announced on Wattle. Details regarding the exam will be provided

Due Date: 01/04/2020 Return of Assessment: 26/04/2020 Learning Outcomes: 1, 2, 3, 4, 5, 6, 7, 8

on Wattle no later than week 5. Although the exam is optional and fully redeemable, deferred mid-semester exam will be offered to students (following application by the students that has been approved by EGAP) if they require.

This exam is compulsory and not-redeemable. Exam covers all topics studied in week 1-12 (inclusive) and will be 3 hours long. More

Value: 50 % Due Date: 06/06/2020 Return of Assessment: 22/06/2020 Learning Outcomes: 1, 2, 3, 4, 5, 6, 7, 8

information will be provided on Wattle no later than week 10.

integrity is about behaving ethically, committing to honest and responsible scholarly practice and upholding these values with respect and fairness.

The ANU commits to assisting all members of our community to understand how to engage in academic work in ways that are consistent with, and actively support academic integrity. The ANU expects staff and students to be familiar with the academic integrity principle and Academic Misconduct Rule, uphold high standards of academic integrity and act ethically and honestly, to ensure the quality and value of the qualification that you will graduate with.

The Academic Misconduct Rule is in place to promote academic integrity and manage academic misconduct. Very minor breaches of the academic integrity principle may result in a reduction of marks of up to 10% of the total marks available for the assessment. The ANU offers a number of online and in person services to assist students with their assignments, examinations, and other learning activities. Visit the Academic Skills website for more information about academic integrity, your responsibilities and for assistance with your assignments, writing skills and study.

keep a copy of the assignment for your records. Unless an exemption has been approved by the Associate Dean (Education) as submission must be through Turnitin. Students may choose not to submit assessment items through Turnitin. In this instance you will be required to submit, alongside the assessment item itself, copies of all references included in the assessment item.

submission is appropriate when approved by the Associate Dean (Education). Hard copy submissions must utilise the Assignment Cover Sheet. Please keep a copy of tasks completed for your records.

assessment task is not submitted by the due date, a mark of 0 will be awarded.

on the Wattle site, under the file named “ANU and College Policies, Program Information, Student Support Services and Assessment”. Alternatively, you can seek help through the Students Learning Development website.

Policy and Procedure. Extensions may be granted for assessment pieces that are not examinations or takehome examinations. If you need an extension, you must request an extension in writing on or before the due date. If you have documented and appropriate medical evidence that demonstrates you were not able to request an extension on or before the due date, you may be able to request it after the due date.

online database is conditional on student end users first agreeing to the database licensor’s terms of service and/or privacy policy. Students should read these carefully. In some cases student end users will be required

to register an account with the database licensor and submit personal information, including their: first name; last name; ANU email address; and other information. In cases where student end users are asked to submit ‘content’ to a database, such as an assignment or short answers, the database licensor may only use the student’s ‘content’ in accordance with the terms of service – including any (copyright) licence the student grants to the database licensor. Any personal information or content a student submits may be stored by the licensor, potentially offshore, and will be used to process the database service in accordance with the licensors terms of service and/or privacy policy. If any student chooses not to agree to the database licensor’s terms of service or privacy policy, the student will not be able to access and use the database. In these circumstances students should contact their lecturer to enquire about alternative arrangements that are available.

study and employment rates and grade distribution, and College reports on quality assurance processes for assessment activities, including alignment with national and international disciplinary and interdisciplinary standards, as well as qualification type learning outcomes. Since first semester 1994, ANU uses a grading scale for all courses. This grading scale is used by all academic areas of the University.

below directly or seek advice from your Course Convener, Student Administrators, or your College and Course representatives (if applicable). ANU Health, safety & wellbeing for medical services, counselling, mental health and spiritual support ANU Diversity and inclusion for students with a disability or ongoing or chronic illness ANU Dean of Students for confidential, impartial advice and help to resolve problems between students and the academic or administrative areas of the University ANU Academic Skills and Learning Centre supports you make your own decisions about how you learn and manage your workload. ANU Counselling Centre promotes, supports and enhances mental health and wellbeing within the University student community. ANUSA supports and represents undergraduate and ANU College students PARSA supports and represents postgraduate and research students

Details

6125 6126 [email protected]

Monday

10:00

Sunday

23:49

11:00

Details

6125 6126 [email protected]

Monday

10:00

Sunday

23:49

11:00

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