financialandmonetaryhistoryoftheunitedstates.docVIP

Financial and Monetary History of the United States Economics 344:01 Fall 2011 Tuesdays/Fridays 11:30-12:50 Murray 212 Professor Eugene N. White Department of Economics New Jersey Hall Room 432 Rutgers University 732-932-7363 white@ /ewhite Office hours: Mondays 11-12 and Fridays 2-3 or by appointment Prerequisites Econ 320 (Intermediate Microeconomic Analysis), Econ 321 (Intermediate Macroeconomic Analysis) and Economics 322 (Econometrics). Money and Banking Econ 301 is recommended. This is an upper level elective course where you are expected to apply the knowledge and expertise that you have gained in the prerequisites. Course Objective This course provides a detailed overview and analysis of the evolution of the America financial and monetary policy in the United States from the colonial period to the “subprime” crisis and current recession/recovery. Through historical examples, the theoretical and empirical principles of banking, finance, and monetary policy are examined. These are the basics for a “Wall Street intellectual” who can knowledgeably read the Wall Street Journal, the Financial Times and the Economist and fluently talk about finance and money. Attendance Policy and Academic Integrity You are expected to attend every class. Attendance is highly correlated with performance on tests. Please do not arrive late to class. If you need to leave early, you must inform me and sit near the door. At the beginning of each class, we will discuss the assigned reading. You are expected to have read the article and to participate. If you miss a class, please report it to the university website: /ssra/ to indicate the date and reason for your absence.? An email is automatically sent to me.?? As always at Rutgers, you are expect to follow the University’s precepts of academic integrity. (See /integrity.shtml) Course Requirements 1. Class Participation (15 percent). You are expected to come to class, having done the assigned re