Three components will comprise your grade.
Obviously, this is a unique class. With live streaming of all the classes, media presence, security, and other issues, it is crucial that you be on class and in your seats no later than 12:45. Frankly, you should plan to be in your seats by 12:40 so you have a margin of error. The doors will close by 12:45 and if you arrive later than this, you will be directed to a room where you can watch a live stream feed. This is not meant to be draconian; it is simply that others wanting to benefit from the class - both inside the classroom and via the streaming - will be disrupted if you are late. Also, please plan on being in your seats until five minutes after the class ends to allow for film feed shutoff. Similarly shut off your cell phones and any other devices that can make noise. So please take extra care to be respectful of others' opportunity to benefit from the course. There is no formal dress code. You do not need to be in business attire; dress as you would for other classes, but please dress respectfully as well. We'll talk about this more in class.
Course ScheduleAll reading to be completed by the indicated date |
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Introduction
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| March 6 | Pre-Class
Orientation |
Anoma Kulathunga & Timothy
Fort |
| March 8 | Pre-Class Orientation | Anoma Kulathunga & Timothy Fort |
| Spring Break: Introductory Materials on the FRS distributed for review over Spring Brea | ||
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The
Federal Reserve System: The Chair's View
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| March 20 | Introductions | Timothy Fort |
| Fundamentals, History, and Principles of Central Banking | Ben Bernanke | |
| March 21 | Lab Session 6:00 PM - 6:50 PM Duques Room 356 | |
| March 22 | Pre-Crisis Issues Assigned Reading: Chairman Ben S. Bernanke, "Four questions about the financial crisis ", Speech at the Morehouse College, Atlanta, Georgia, April 14, 2009 http://www.federalreserve.gov/newsevents/speech/bernanke20090414a.htm |
Ben Bernanke |
| March 27 | Response to the Financial Crisis
Assigned Reading: Chairman Ben S. Bernanke, "The Effects of the Great Recession on Central Bank Doctrine and Practice", at the Federal Reserve Bank of Boston 56th Economic Conference, Boston, Massachusetts, October 18, 2011 http://www.federalreserve.gov/newsevents/speech/bernanke20111018a.htm |
Ben Bernanke |
| March 29 | Future Challenges Assigned Reading: Chairman Ben S. Bernanke, "The Effects of the Great Recession on Central Bank Doctrine and Practice", at the Federal Reserve Bank of Boston 56th Economic Conference, Boston, Massachusetts, October 18, 2011 http://www.federalreserve.gov/newsevents/speech/bernanke20111018a.htm |
Ben Bernanke |
| April 3 | General Reflections on Bernanke Sessions 1 and 2 | Pamela Labadie & Chao Wei |
| April 4 | Lab Session 6:00 PM - 6:50 PM Duques Room 356 | |
| April 5 | General Reflections on Bernanke
Sessions 3 and 4 and Lecture on Behavioral Finance Assigned Reading: Psychology and the Financial Crisis of 2007-2008 http://faculty.som.yale.edu/nicholasbarberis/cp10.pdf Nicholas Barberis, Yale School of Management. |
Isabelle Bajeux-Besnainou |
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The
Federal Reserve in Context
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| April 10 | Constitutionality &
Independence of the Fed Assigned Reading:
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Todd Peterson & Art Wilmarth
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| April 12 | Transparency, Auditing, &
the Fed's Future Assigned Reading:
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Art Wilmarth, con't & Sarah Binder |
| April 17 | The Fed's Regional Work Assigned Reading:
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Anthony Yezer |
| April 24(a) | The Sociology of Finance Assigned Reading: TBD |
Doug Guthrie |
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Global
Considerations
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| April 24(b) | China's Place in International
Monetary Issues Assigned Reading: TBD |
Doug Guthrie |
| April 26 | The European Crisis Assigned Reading:
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Scheherazade Rehman |
| May 1 | Central Banking and The Peace
Accelerator Assigned Reading: Business and Peace: Sketching the Terrain http://auapps.american.edu/~oetzelj/JBEPTCSketchingtheTerrain.pdf |
Timothy Fort |
| May 2 | Lab Session 6:00 PM - 6:50 PM Duques Room 356 | |