Econ 353: Money, Banking, and Financial Institutions
Fall 2007

Second Midterm Exam Review Guide
(Comprehensive Exam)
Topic Coverage and Required Materials

Last Updated: 30 October 2007

Latest Course Offering: Fall 2007

Course Instructor:

Professor Leigh Tesfatsion

tesfatsi AT iastate.edu

Office Hours: Heady 375, F 10:00-12:00 and by appointment.

1. All Required Materials Covered on the First Midterm Exam

The First Midterm Exam covered all required readings, exercises, and in-class discussions relating to Mishkin Chapters 1-3 and Mishkin Chapter 4:Part A. See the Fall 2007 First Midterm Exam Review Guide

Important Additional Note: As detailed in an email sent to all Econ 353 participants on October 7, the Second Midterm Exam will stress new materials covered since the First Midterm Exam. However, on the Second Midterm Exam you can expect to be re-tested on the types of questions that caused difficulties on the First Midterm Exam. A specific list of the questions causing the most difficulty on the First Midterm Exam was included in the October 7 email.

2. New Required Materials Covered Since the First Midterm Exam

Note: These new required materials include all required readings, exercises, and in-class discussions relating to: (a) Mishkin Chapter 4:Part B; (b) Mishkin Chapter 5; (c) Mishkin Chapter 7:Part A; (d) Mishkin Chapter 7: Part B; and (e) Mishkin Chapter 17 (omitting materials related to the European Union and the introduction of the Euro)

• ** Key in-class discussion questions for Mishkin Chapter 4: Part B

• ** Mishkin Chapter 4:Part B ("Understanding Interest Rates", pp. 78-92)

• ** Notes on Mishkin Chapter 4:Part B (pp. 78-92)

• ** ANSWER OUTLINE for Take-Home Exercise 5 on Mishkin Chapter 4:Part B (Due: Tuesday, October 9, 2:10pm, 2007)

  

Mishkin Chapter 5: Behavior of Interest Rates

• ** Key in-class discussion questions for Mishkin Chapter 5 (pp. 93-110 only)

• ** Mishkin Chapter 5 ("The Behavior of Interest Rates", pp. 93-110 only )

• ** Notes on Mishkin Chapter 5 (pp. 93-110 only), pdf file (785K)

• ** ANSWER OUTLINE for Take-Home Exercise 6 on Mishkin Chapter 5 (Due: Tuesday, October 16, 2:10pm, 2007)

  

Mishkin Chapter 7: Stock Market Pricing

• ** Key in-class discussion questions for Mishkin Chapter 7: Part A (pp. 151-156)

• ** Mishkin Chapter 7:Part A ("Stock Market Pricing", 151-156)

• ** Notes on Mishkin Chapter 7: Part A (pp. 151-156), pdf file (107K)

• ** Take-Home Exercise 7 on Mishkin Chapter 7:Part A (pp. 151-156) (Due: Tuesday, October 30, 2:10pm, 2007)

  

• ** Key in-class discussion questions for Mishkin Chapter 7: Part B (pp. 156-177)

• ** Mishkin Chapter 7: Part B ("Rational Expectations and the Efficient Market Hypothesis", pp. 156-177)

• ** Notes on Mishkin Chapter 7: Part B (pp. 156-177), pdf file (94K)

• ** ANSWER OUTLINE for Take-Home Exercise 8 on Mishkin Chapter 7:Part B (pp. 156-177) (Due: Tuesday, October 30, 2:10pm, 2007)

  

Mishkin Chapter 17: The Foreign Exchange Market

• ** Key in-class discussion questions for Mishkin Chapter 17 (omit browse question on European Union)

• ** Mishkin Chapter 17 ("The Foreign Exchange Market") -- omit discussion of European Union

• ** Notes on Mishkin Chapter 17 (Omit Part III on the European Union)