EC405 Schedule

*Date*	*Topic*
3 Sept	Introduction
5 Sept	Chapter 1: Terms and Concepts (CPI)
8 Sept	Chapter 2: Overview of the Financial System
10 Sept	Chapter 3: Functions of Money,
12 Sept	VAE Meeting
15 Sept	Chapter 3: Monetary Aggregates and the "History of Money"
17 Sept	Chapter 4: Present Values, Yield to Maturity
19 Sept	Chapter 4: YTM, continued, Other Interest Rates
23 Sept	Test #1 (Monday classes meet on Tuesday)
24 Sept	Chapter 5: Theory of Asset Demand
26 Sept	Expected Utility Theory
29 Sept	Chapter 5: Loanable Funds Framework
1 Oct	Chapter 5: Loanable Funds Framework
3 Oct	Chapter 5: Liquidity Preference Model
6 Oct	Chapter 5: Liquidity Preference Model, continued
8 Oct	Chapter 6: Risk Structure and Term Structure
10 Oct	The Bond Page
13 Oct	Chapter 8: Economic Analysis of Fin. Structure: Transaction Cost Theory
15 Oct	Chapter 9: A Bank's Balance Sheet
17 Oct	Test #2 (Friday)
20 Oct	Chapter 9: Basic Operations, Liquidity Management
22 Oct	Chapter 9: Asset and Liability Management
24 Oct	AACSB, therefore History of the Stock Market
27 Oct	Chapter 9: Capital Adequacy Management
29 Oct	Chapter 9: Loan Management, Managing Interest Rate Risk
31 Oct	Midterm Exam (Friday)
3 Nov	Chapter 14: Origins and Formal Structure of the Fed
5 Nov	Chapter 14: Informal Structure of the Fed
7 Nov	Chapter 15: The Fed's Balance Sheet and the Monetary Base
10 Nov	Chapter 15: Simple Model of Deposit Creation/Destruction
12 Nov	Chapter 16: The Complete Money Supply Model
14 Nov	Chapter 16: Behavior of the Currency-Deposit Ratio and Other Factors
17 Nov	Completing the Money Supply Model
19 Nov	Test #3 (Wednesday)
21 Nov	Ring Figure
24 Nov	Chapter 17: Tools of Monetary Policy
26 & 28 Nov	Thanksgiving
1 Dec	Chapter 18: Goals of Monetary Policy and Targets of the Federal Reserve
3 Dec	Field Trip to Richmond FRB (Tentative)
5 Dec	Ch. 18: Fed Policy Over Time
8 Dec	The Budget Deficit and Ricardian Equivalence
10 Dec	NonBank Financial Institutions
12 Dec	Last Day of Classes
13 Dec	Reading Day
15 Dec	Exams Begin
22 Dec	Exams End