SMU, Sobey School of Business Winter 2011 Money, Banking and Financial Markets Welcome to all! Course Description  The purpose of this course is to offer a good understanding of (i) the determination of interest rates, (ii) the functions and operation of different financial intermediaries, and (iii) the functions and goals of central banks.  Lectures in this course are self-contained. As a supplement economic experiments will be used.  Attending the lectures is not mandatory but highly recommended. ECON3307.2: Economics of Money and Banking 2 References and Textbooks  Required Textbook: The Economics of Money, Banking and Financial Markets, Fourth Canadian Edition By F. Mishkin and A. Serletis Pearson Education Canada; 4 edition (2010), ISBN-10: 0321673425.  Additional readings and handouts will be assigned and posted in Blackboard. ECON3307.2: Economics of Money and Banking 3 Instructor  Dr. Maryam Dilmaghani  Office: 348 Sobey Building  Phone: (902) 420-6242  Email: [email protected]  Webpage: http://www.neuropsyconomics.com/  Office Hours  Tuesdays and Thursdays: 3:00 p.m. to 5:00 p.m. and Wednesdays: 1:00 p.m. to 3:00 p.m.  In case you cannot make the designated hours email me for an appointment. 4 Grading Scheme 1. Two Assignments 25% 2. Midterm (70 minutes, February 14th: tentative) 25% 3. Final Examination 50% 4. Bonus points from in-class popup quizzes 5% 5 What is Education? 6 What is Education... Albert Einstein: Einstein on his 72nd birthday , 1951 “Education is what remains after one has forgotten everything he learned in school.” 7 What is Teaching? 8 What is Teaching... Albert Einstein: “Teaching should be such that what is offered is perceived as a valuable gift and not as a hard duty.” “I never teach my pupils; I only attempt to provide the conditions in which they can learn.” 9 What is Understanding? 10