Economics 311

1. Economics 311 Money and Banking Introduction Professor Kenneth Ng

2. Dropping and Adding • The course has 45 students and an enrollment limit of 56. • In the past, there have been multiple openings in the first three weeks due to churn--students dropping the class for a variety of reasons including finding better times, more preferred professors, etc. • The following procedure will be used to allocate available seats in the class during the first 3 weeks of the semester. • The first day of class students can put their name on a waiting list. • A random number generator will be used to rank the students on the list.  • Students on the waiting list will be notified by email and given permission numbers to add the class as seats open. The permission numbers will be good for 48 hours. • If a student doesn't use the permission number to add the class within the allotted time, the open seat will be passed on to the next student on the list. • Students not present on the first day of class will be placed on the bottom of the waiting list and can be added to the list by emailing me at kenneth.ng@csun.edu. • Seats will continue to be given out until the 3rd week of class. • The waiting list will be posted online so that students can monitor their position on the list. • After the first three weeks of the semester, the CSUN late drop policy will be strictly followed. • The end of the Late Registration and Schedule Adjustment Period is Friday of the 3rd week.

4. University Drop/Add Policy • Changes in academic schedules after the end of the Late Registration/Schedule Adjustment Period, or after the twentieth day of instruction (i.e., Week 4) of the fall or spring semesters, are rarely approved and only in cases where the student can provide written proof of extraordinary circumstances that have arisen from events beyond his or her control. • Withdrawals are not permitted during the final three weeks of instruction or thereafter except in cases such as accident or serious illness where the cause of the withdrawal is clearly beyond the student's control and the assignment of an incomplete is not practical. • For all academic terms, the situations listed in the paragraph below DO NOT meet the criteria of extraordinary circumstances. Furthermore, there must be no viable alternative to the requested change, such as repeating the course or enrolling in the course in the following term. • The following situations ARE NOT considered extraordinary circumstances and WILL NOT be approved to justify a change in schedule after the end of the Late Registration/Schedule Adjustment Period nor after the fourth week of instruction in the fall and spring semesters: • failing the class or receiving less-than-desired grade; • waiting for the instructor to give a permission number; • failing to take action to add or drop a class, assuming incorrectly that the instructor will do it for the student; • failing to make payment of registration and/or waiting for financial aid; • the need to work because of financial considerations or opportunities; • encountering a situation that should have been anticipated, such as the need to have transportation, the need to pay for ordinary living expenses, the need for child care; • aspirations of either the student or his/her family in regard to GPA, the dean's list, graduate school, scholarships, etc.; • dissatisfaction with course material, instructor, instructional method, or class intensity; • lack of motivation, change in academic interests, or change of major; • participation in extracurricular activities; or • academic overload and inability to keep up in all classes. • The following situations are typically the only ones that would meet the standard of extraordinary circumstances for which there is no viable alternative and would justify a change in schedule after the twentieth day of instruction: • medical documentation that the academic schedule is detrimental to the student's physical or mental health (see section on Complete and Partial Medical Withdrawals below) • activation for compulsory military duty • relocation out of the immediate area

5. Course Websites CSUNECON.COM Aplia.com If you have problems downloading files from the class website see the Troubleshooting FAQ on CSUNECON.COM

6. Textbook • The Economics of Money, Banking, and Financial Markets (9th Edition). • The textbook can be purchased at the bookstore or you can subscribe to an online version at: www.coursesmart.com CSUNECON.COM

7. Additional Reading for the Term Paper:These books are available for purchase from the bookstore but are also available used from sites such as ABE.com, Amazon.com, etc.Titles and authors listed on the reading list on CSUNECON.com The Financial Crisis Inquiry Report, Free (link on CSUNECON.com) The Housing Boom and Bust, Revised Edition by Thomas Sowell (ISBN 9780465018802) The Big Short, Inside the Doomsday Machine by Michael Lewis (ISBN 0393072231)

8. Online Homework • The online homework and class experiments are done through the Aplia.com website. • Course materials such as old exams and lecture notes are also available through the Aplia.com website. • Requires a subscription. • Instructions for signing up on class website. • Course key is ZASK-HNFZ-HKFB . • Assignments occur every few weeks. • The graded assignments are generally due Wednesday at 7PM. • The first assignment is due Wednesday of the 3rd week of class.

9. In Class Experiments. • Require a laptop with working working WiFi. • Requires installation of the CSUN VPN client. • Client must be installed and working prior to the day of the experiment. • Instructions for installing the laptop are on CSUNECON.com

10. Grading • Grade is based on Aplia.com online problem sets, 1 mid term exam, plus a comprehensive final. • Aplia.com assignments 20% • Mid Term Exam -20% • Term paper-20% • Comprehensive Final 40%. • There will be a series of unscheduled in-class exercises whose scores will be added to the next exam. • If for any reason, the student does not take the next exam, any points earned on the quizzes will not count. • Students who miss the quiz for whatever reason forego the opportunity to have the points added to the next exam. • There will be no plus/minus grading. • The paper assignment will be handed out the third week of the semester.

11. Online Homework Policy • The online homework is required. • It is the student’s responsibility to complete the homework before the due date/time. • It is the student’s responsibility to use the Aplia.com site correctly. • This includes but is not limited to making sure answers are entered, submitted, and recorded by the Aplia.com site. • Technical problems are the students responsibility. • This includes but is not limited to the student’s internet connection and the functioning/configuration of their personal computer.

12. Missed Exam Policy • Students are responsible for appearing and taking the exam at the scheduled place and time. • Any student not taking the exam will receive a zero score. • An excused missed exam must be approved in advance. • Sending an unacknowledged email or leaving an unreturned voice mail does not excuse a student from taking the exam.

13. The Curve • Grades in the class will be mean based. • Letter grade is determined by how well each student performs relative to the average performance of all students in the class. • Roughly speaking, 40% of the class will receive an A or B, 40% a C, and 20% (including those who do not complete the class) a D or F.

14. For Next Week • Read Chapters 1,2, and 3 in Mishkin. • Aplia.com assignment due Wednesday of Week 3.