Course Description: Using basic economic principles to explain financial markets, financial institutions and internal and external effects of U.S. fiscal and monetary policy.

This course has the following broad learning objectives:

1.   To explain the basic concepts related to money, banking, financial markets, monetary policy, and economic activity,

2.   To use economic theory to analyze how financial markets react to changes in money and monetary policy,

3.   To use economic theory to predict how changes in money and monetary policy affect financial markets and the economy.

Textbooks and Other Materials

ODL is not responsible for student purchases that result in the receipt of the wrong materials. It is the responsibility of the student to order the correct textbook materials. Courses are written to specific textbook editions; edition substitutions are not allowed.

Textbook: Frederic S. Mishkin. The Economics of Money, Banking, and Financial Markets, Thirteenth Edition. Pearson, 2022

ISBN-10: 0-13-689435-6

ISBN-13: 978-0-13-689435-3

MyEconLab is a strongly recommended but not required course resource. There are study activities provided in each module that require access to MyEconLab. We strongly recommend purchasing the bundle option for the eTextbook with MyEconLab access.

Textbook and MyEconLab resources may be purchased using the links in the Getting Started module in your course.

Ordering Information:

Please review the following tips for ordering your course materials:

1- Do not purchase your textbooks until your enrollment is approved. During the processing period, a new section may be opened that could require a different textbook or edition.

2- Always order by the ISBN. Publishers and vendors often offer the same textbook title under different ISBNs. You must have the correct ISBN to access your online website.

3- If you are having problems locating a textbook, contact us at Answers@outreach.lsu.edu for assistance.

Other Materials and Resources

MyEconLab for ECON 2035 is a strongly recommended course resource.

Software: Web Browser, Adobe Acrobat Reader

It is recommended that you use Mozilla Firefox or Google Chrome as your web browser.

Internet Explorer is not compatible with your Moodle course site.

Adobe Acrobat Reader is required to view PDF document files.

Hardware: Web cam with a microphone (built-in or external), headphones or working speakers, and high-speed internet

Exams are completed online and require the hardware listed above. Students are encouraged to review the technical requirements provided on the ProctorU website and to perform a test on

their equipment prior to enrolling in this course to make sure they have the necessary resources available.

Technical Requirements: http://www.proctoru.com/tech.php

Equipment Test: https://go.proctoru.com/users/55445/system-metrics/new

Nature and Purpose of the Course

Course Outcomes: Upon completion of this course, students are expected to be able to:

1. Explain the basic concepts related to money, banking, financial markets, monetary policy, and economic activity,

2. Use economic theory to analyze how financial markets react to changes in money and monetary policy,

3. Use economic theory to predict how changes in money and monetary policy affect financial markets and the economy.

Economic and financial crises occur periodically. One of these crises took place recently in 2007. This was a global crisis, and it was the most severe crisis since 1930. A financial turbulence initiated by securities which were backed by subprime mortgages in the U.S. infected the entire financial system and led to a global financial crisis and a global recession. Housing prices fell sharply, financial markets tumbled, stock prices declined by almost 50 percent, the GDP contracted sharply, and the unemployment rate rose above 10 percent. The global financial crisis and measures taken by central banks and policymakers around the world indicate the importance of studying money, banking, and financial markets.

Financial markets are crucial in promoting economic growth and economic efficiency. They also have a direct effect on personal wealth, business and consumer behavior, and the cyclical performance of the economy. By studying financial markets such as bond and stock markets, you will understand the reasons why interest rates and stock prices rise and fall over time. By studying financial institutions and banking, you will understand the crucial role played by these institutions in the economy.

Money and monetary policy play a very important role in the determination of the inflation rate, interest rates, and economic fluctuations. By studying money and monetary policy, you will understand what the Federal Reserve and other central banks can and cannot do in stabilizing the economy and the financial system.

In addition, the consequences of the coronavirus pandemic, one of the signature events of the twenty-first century, that spread throughout the world in 2020, information on bitcoin or other cryptocurrencies, the emphasis of the independence of the Federal Reserve System and financing the Green New Deal have been explored throughout the textbook.

Working with the Course Materials

Please remember our course syllabus is a contract between you and me. We will honor this contract while you are studying ECON 2035.

ECON 2035 covers an entire semester of work or the equivalent of a classroom course lasting 15 weeks. That means that each module in this course equals nearly a week of course work and will require the same time and effort on your part. Please take your time while preparing the module assignments.

Each module contains information, activities, and assignments organized under a consistent series of  headings.  Each  module  is  organized  into  the  following  sections:  the   Module   Learning Objectives, the  Module  Material, the  Reading Assignment, an ungraded  MyEconLab Chapter Practice Quiz (recommended but not required), and the graded Module Assignment. You should work through these parts of the module in order. Completing the following sequence is strongly encouraged for each module.

Each module specifies the reading assignment, lays out the module objectives, and lists the key terms. Before you begin to prepare your module assignment, read the assigned chapter carefully with the module objectives and key terms in mind. Graphs are very useful in economic analysis. Study these  graphs  carefully  and  understand  how  they  work.  When you finish  reading  the assigned chapter, review the questions and problems at the end of the chapter and do the Sample Tests and Quizzes for the relevant chapter in MyEconLab. After completing these steps, you can start working on your Module Assignment that will be submitted.

Suggested Study Techniques

1. Carefully review the module objectives to help you focus on the information that will be covered on the exams.

2. Concentrate on the reading assignments, and any additional resources provided. This review should include a detailed examination of any illustrative problems and examples/applications.

Power Point Presentations (PPP) are supplementary materials. Reviewing them (without reading your textbook) is not good enough to learn and prepare for the module assignments. Reading your textbook and concentrating on the graphs and the examples/applications in the chapters are essential while studying ECON 2035.

3. Put yourself on a definite schedule. Set aside a certain block of hours per day or week for this course and work in a place where distractions are minimal.

4. Try to submit one assignment each week or at least every two weeks. Delays in submitting assignments usually result in lagging interest and the inability to complete the course.

5.  Regardless  of  how  you  complete  your  graded  assignments,  keep  in  mind  that  module completion should not be your sole preparation for your exams. As with any college course, you should study for your exams by reading your textbook, going over the examples/applications in your textbook  in addition to  reviewing your assignments.  Make  sure that you  have actually learned (understand and remember) the concepts/material before you take your midterm and final exams.

Reading Assignments

To do well in this course, it is essential that you read and study all the course materials that precede the module assignments. Do not begin the module assignment until you have done so.

Topic Outline

This course covers the following specific topics:

You must have a grade posted in the Moodle grade book for the Module 15 assignment to unlock access to the Final Exam. Please allow at least seven days for the final assignment grade to be posted in the gradebook. Understand that occasional delays will occur, such as during holidays and semester breaks or if you submit several module assignments within the same week. You must have been enrolled in the course for at least three weeks, regardless of when the modules and other exams are completed.