Facts
Class
Meetings:
Tuesday and Thursday, 8:00--9:15, Gardner 209
Instructor:
Michael K. Salemi
Instructor's Office:
301 Gardner Hall
Office
Hours:
M & W 3:00-4:00, Tu 2:00-3:00, and by appointment
Instructor's Phone:
966-5391 (office), 929-9504 (home)
Instructor's
Email: Michael_Salemi@unc.edu
The course Fact
Sheet and Syllabus
provides
the goals and rules of the course, important dates, topics, and
information
about the course paper. The course
Calendar
provides a class-by-class list of topics and assignments. The
course
Contract
governs class discussion.
Course
Paper
A description of the course paper and the rules for preparing it
are included on the course Fact
Sheet.
List of Suggested Course
Topics. Papers will be graded using the criteria in this template.
Course Reading
Chapter 1-4, Wealth of Nations,
by Adam Smith (Class 2)
"The Economic Organization of a P.O.W.
Camp" by R. A. Radford (Class 3)
"Commodity Money and
Government Money" by Gary Smith (Class 4)
"Anchors Aweigh" by Angela Redish
(Class 5)
"The Supply of Money"
by Paul Heyne (Class 7)
"An Overview
of the Financial System" by Fredric Mishkin (Class 8)
"Banks of the World" by Roger
Orsingher
(Class 9)
"The Dawn of Medieval Banking" by
Robert
Lopez (Class 10)
"Introduction
to Interest Rates" by The Federal Reserve Bank of New York (Class
12)
Chapter 5-7, Wealth of Nations,
by Adam Smith (Class 13)
Chapter
1,
The Theory of Interest by Irving Fisher (Optional)
Chapter 2-3, The
Theory of Interest by Irving Fisher (Class 14)
Chapter 4-5, The
Theory of Interest by Irving Fisher (Class 15)
Chapter 4 of Banks and Politics in
America by Bray Hammond (Classes 18-19)
"The Crime of 1873" by
Milton Friedman (Class 20)
"Money and Language" by Robert Leonard (Class 22)
"The Wizard of Oz as a Monetary Allegory"
by Hugh Rockoff (Class 23)
Responses to Federal Reserve Policy,
Chapter 8 of U.S. Monetary Policy
and Financial Markets
by Ann-Marie Meulendyke (Class 25-6)
"Global
Financial Instability: Framework, Events, Issues" by Frederic
Mishkin (Class 27)
Student Papers (Class 28)
"The Misty Origins
of Money," by Meghan Jones
"The Costs and
Benefits of the Euro," by Daniel Portone
"If Money
Doesn't Grow on Trees, The How Can Local
Communities Create Their Own Currencies," by Lotte Tulloch
Class Exercises
1. Exercise
1 on Commodity Money (September 9, 2004)
2. Exercise 2--Money and
Banking
Puzzles (September 28, 2004)
3. Exercise 3--The Real
Rate of Interest (October 19, 2004)
4. The Langauge
of
Money Exercise (November 9)
5. Exercise 4--Money as Art
(November 16)
6. Exercise
5--Discussion of Student Papers (December 2)
Notes Prepared by
Michael
Salemi
Introduction
to Irving Fisher
Introduction
to Monetary Policy
Introduction
to International Financial Institutions