MGEC71 – Lec01 & 02
Money and Banking
FALL 2023
Instructor Contact Information:
Name: Jack Parkinson
Office: IC-284
Office hours: Wednesdays & Thursdays 12-1:30pm
Email:
Telephone: (416) 287-7339
Lectures Information:
Class day/time: Section 1 – Fridays 1-3 pm (IC-200)
Section 2 – Wednesdays 9-11 am (IC-204)
Class location: See above & Quercus for material available to all sections
Course website: Course Quercus page
Course Description:
The study of money and banking is essentially the study of the role and function of monetary aggregates in the
economy, and the study of financial markets - that is, the money, bond and stock markets and their
interrelationships. The effects of the financial system on the economy are determined by the institutional
framework under which that system operates. We will look at how government institutions and regulatory
bodies influence the behavior of financial institutions, financial market participants, and thus attempt to learn
the interplay among the financial system, the monetary authority (Bank of Canada), and government economic
policies, and their effects on economic activity in the macroeconomy. This course therefore develops a keen
understanding of the financial system in Canada as well as in other major developed economies, and the very
important link between that financial system and the rest of the economy.
Prerequisite(s):
Prerequisite: MGEB05H3 or (ECMB05H3) or MGEB06H3 or (ECMB06H3)
Exclusion: ECMC48H3
Textbook/Required Course Materials:
The Economics of Money, Banking, and Financial Markets (7th Cdn. Edition), 2019.
By Mishkin & Serletis. (Pearson Addison Wesley).
Management, 1265 Military Trail, Toronto, ON, M1C 1A4, Canada
www.utsc.utoronto.ca/mgmt 1
, Lecture Notes and Other Announcements:
The lectures will be delivered in-person for ALL sections. Lecture section 2 will also be
recorded by the WebOption AuRA automatic lecture capture system, and the recording
will be provided to students in ALL sections. Students are expected to check the
Quercus course page for postings of all other course material.
Evaluation and Grading:
Component Weight/Value Due Date
Assignment 10% Monday, Dec 4th
Midterm 40% In-person (TBA as soon as booked)
Final Exam 50% In-person during the Final exam period
The mid-term exam covers the material in the first part of the course while the
final exam covers the material from the entire course.
NOTE: Any student that wrote the midterm AND whose score on the final is
higher than what they received on the midterm will have the weight of the
midterm exam shifted to the final exam.
Policy on Missed Assignments/Examinations:
LATE assignments will NOT BE ACCEPTED UNDER ANY CIRCUMSTANCE.
THERE WILL BE ABSOLUTELY NO MAKE-UP MIDTERM EXAM. If you miss the
midterm with LEGITIMATE reason, you can request to have the weight of the midterm
transferred to the final exam. YOUR REQUEST MUST BE SUPPORTED BY PROPER
DOCUMENTATION AND MUST BE SUBMITTED WITHIN TWO WEEKS AFTER THE
MIDTERM IS WRITTEN.
The university has created a new standardized form for students who are requesting special
academic consideration based on illness or injury. The form focuses upon the degree of
incapacitation that the illness or injury has upon the student’s academic functioning and the
timeline of that incapacitation, rather than on diagnosis and /or details of the problem. All students
must now have a health professional complete this new form:
http://www.illnessverification.utoronto.ca/index.php
Management, 1265 Military Trail, Toronto, ON, M1C 1A4, Canada
www.utsc.utoronto.ca/mgmt 2
Money and Banking
FALL 2023
Instructor Contact Information:
Name: Jack Parkinson
Office: IC-284
Office hours: Wednesdays & Thursdays 12-1:30pm
Email:
Telephone: (416) 287-7339
Lectures Information:
Class day/time: Section 1 – Fridays 1-3 pm (IC-200)
Section 2 – Wednesdays 9-11 am (IC-204)
Class location: See above & Quercus for material available to all sections
Course website: Course Quercus page
Course Description:
The study of money and banking is essentially the study of the role and function of monetary aggregates in the
economy, and the study of financial markets - that is, the money, bond and stock markets and their
interrelationships. The effects of the financial system on the economy are determined by the institutional
framework under which that system operates. We will look at how government institutions and regulatory
bodies influence the behavior of financial institutions, financial market participants, and thus attempt to learn
the interplay among the financial system, the monetary authority (Bank of Canada), and government economic
policies, and their effects on economic activity in the macroeconomy. This course therefore develops a keen
understanding of the financial system in Canada as well as in other major developed economies, and the very
important link between that financial system and the rest of the economy.
Prerequisite(s):
Prerequisite: MGEB05H3 or (ECMB05H3) or MGEB06H3 or (ECMB06H3)
Exclusion: ECMC48H3
Textbook/Required Course Materials:
The Economics of Money, Banking, and Financial Markets (7th Cdn. Edition), 2019.
By Mishkin & Serletis. (Pearson Addison Wesley).
Management, 1265 Military Trail, Toronto, ON, M1C 1A4, Canada
www.utsc.utoronto.ca/mgmt 1
, Lecture Notes and Other Announcements:
The lectures will be delivered in-person for ALL sections. Lecture section 2 will also be
recorded by the WebOption AuRA automatic lecture capture system, and the recording
will be provided to students in ALL sections. Students are expected to check the
Quercus course page for postings of all other course material.
Evaluation and Grading:
Component Weight/Value Due Date
Assignment 10% Monday, Dec 4th
Midterm 40% In-person (TBA as soon as booked)
Final Exam 50% In-person during the Final exam period
The mid-term exam covers the material in the first part of the course while the
final exam covers the material from the entire course.
NOTE: Any student that wrote the midterm AND whose score on the final is
higher than what they received on the midterm will have the weight of the
midterm exam shifted to the final exam.
Policy on Missed Assignments/Examinations:
LATE assignments will NOT BE ACCEPTED UNDER ANY CIRCUMSTANCE.
THERE WILL BE ABSOLUTELY NO MAKE-UP MIDTERM EXAM. If you miss the
midterm with LEGITIMATE reason, you can request to have the weight of the midterm
transferred to the final exam. YOUR REQUEST MUST BE SUPPORTED BY PROPER
DOCUMENTATION AND MUST BE SUBMITTED WITHIN TWO WEEKS AFTER THE
MIDTERM IS WRITTEN.
The university has created a new standardized form for students who are requesting special
academic consideration based on illness or injury. The form focuses upon the degree of
incapacitation that the illness or injury has upon the student’s academic functioning and the
timeline of that incapacitation, rather than on diagnosis and /or details of the problem. All students
must now have a health professional complete this new form:
http://www.illnessverification.utoronto.ca/index.php
Management, 1265 Military Trail, Toronto, ON, M1C 1A4, Canada
www.utsc.utoronto.ca/mgmt 2
