James Murray

Course Information

Instructor:
James Murray, Ph.D.
Office: 403T Wimberly Hall
Office hours: 2:00pm-4:00pm Tuesdays and Thursdays.
Phone: 608-406-4068
E-mail: jmurray@uwlax.edu

Syllabus (PDF)

Seminar

Dynamics of Monetary Policy Uncertainty and the Impact on the U.S. Economy: Slides

Exams

Practice Exam 1
Practice Exam 2
Practice Exam 3

Module 10: Aggregate Supply and Aggregate Demand

Reading: Hubbard and O'Brien, Chapter 17

Expenditure multiplier with fixed prices and wages class notes: Slides, Printer Friendly Version

Flexible prices and sticky wages class notes: Slides, Printer Friendly Version

In-class Exercise on Aggregate Supply / Aggregate Demand

In-class Exercise on Expenditure Multiplier Model

Pencasts: Expenditure Multiplier Model
Deriving the Expenditure Multiplier
Multiplier Example: Boost in Consumption
Multiplier Example: Drop in Investment

Pencasts: Aggregate Supply / Aggregate Demand Model
Introduction to Aggregate Supply and Aggregate Demand
Effects of Consumer Confidence on AS/AD
Effects of a Currency Depreciation on AS/AD
Government Responses to a Recession

Module 9: Money Supply Process

Reading: Hubbard and O'Brien, Chapter 14

Class notes: Slides, Printer Friendly Version

Module 8: Federal Reserve System

Reading: Hubbard and O'Brien, Chapter 13

Class notes: Slides, Printer Friendly Version

Homework #3: Economics of Banking and Federal Reserve Policies

Module 7: Economics of Banking

Reading: Hubbard and O'Brien, Chapters 10 and 12

Banking Assets and Liabilities / Managing Risks
Class notes: Slides, Printer Friendly Version

Banking Crises
Class notes: Slides, Printer Friendly Version

Module 6: Market Failures in Financial Markets

Reading: Hubbard and O'Brien, Chapter 9

Class notes: Slides, Printer Friendly Version

Module 5: Risk and Term Structure of Interest Rates

Reading: Hubbard and O'Brien, Chapter 5

Class notes: Slides, Printer Friendly Version

In-class Exercise: Risk and Term Structure of Interest Rates

Module 4: Determination of Interest Rates: Supply and Demand for Bonds

Reading: Hubbard and O'Brien, Chapter 4

Class notes: Slides, Printer Friendly Version

In-class Exercise: Supply and Demand for Bonds

Module 3: Behavior of Interest Rates

Reading: Hubbard and O'Brien, Chapter 3

Class notes: Slides, Printer Friendly Version

Homework #2: Interest Rates due on Monday, February 13, 2012.

Video Lessons

Module 2: Introduction to Money

Reading: Hubbard and O'Brien, Chapter 2

Class notes: Slides, Printer Friendly Version

Module 1: Introduction to Money and the Financial System

Reading: Hubbard and O'Brien, Chapter 1

Class notes: Slides, Printer Friendly Version

Homework #1 due on Monday, January 30: End of chapter 1 problems 1.10, 1.12, 1.13, and 1.14 (page 23). Legibly write or type your answers and turn in a hard copy at class time.