Prior to coming to BC, I worked in banking and finance for 23 years. Throughout my career, I have had some fascinating jobs in banking. I was on the trade floor in New York for 12 years -- six years in the foreign exchange markets and six years in charge of the techology on the trade floor. Later in my career, I was responsible for web development for all my bank's trading and brokerage departments. That was at the very inception of web application development -- so I'm either a pioneer or a dinosaur depending on your perspective.
During my years in banking, I lived in Toronto; Portland, Oregon; San Francisco; and New York City, prior to moving to Florida in 2001. Believe it or not, I moved into my house on 9/11/01! Since moving to Florida, I have done bank consulting work, in addition to my teaching. Some of my consulting assignments have been in Canada and Mexico.
I genuinely enjoy teaching here at BC. I find the students very personable and eager. During my tenure at BC, I have taught
- Principles of Macroeconomics
- Principles of Microeconomics
- Money & Banking
- Introduction to Business
- Principles of Supervision
- Personal Finance
My office is located in building 71, office 218, not far from our classroom (71/234). My office hours are posted on my door. If you wish to meet with me prior to enrolling in the course, please feel free to visit me during my office hours or send me an email at glindebl@broward.edu to make an appointment.
COURSE DESCRIPTION
Money and Banking is a survey course describing the evolution and role of money and banking in our economies and society. Obtaining a detailed understanding of the roles of these two fundamental aspects of our society, students can better understand the political, social, and financial issues that confront us and our society every day. On a personal level, understanding the economic issues of our day provides students with important tools to make financial decisions that affect their own lives.
The sections of the course are:
- Evolution, nature and functions of money;
- The nature of banking and its regulation;
- Monetary standards;
- Structure and functions of the Federal Reserve System;
- Monetary policy, monetary theory and the price level;
- The role of banking and money in international finance.
METHODS OF INSTRUCTION
This is a 3 credit hour course. Normally, a three credit hour course would meet for 48 hours per term. In this section of the course, we meet 37.5 hours in class and the remainder is done through online activities, such as discussions and group work. While I expect that we will cover most required material in class, from time to time, I may indicate that it is your responsibility to cover certain sections of the chapters.
Classes will begin and end on time – please be prompt. Turn off all devices, such as cell phones or pagers, or put them on "vibrate". Cell phone ringtones can be distracting to others in the room. I will reduce the class participation portion of a grade if a student causes excessive distractions in class.
In addition to the lectures and the tests, we will watch the entire "The Ascent of Money" series. This television program was produced by PBS and written and narrated by Scottish historian, Niall Ferguson. It covers the evolution of money and finance from the Middle Ages to the 21st century.
BC's course outline for ECO 2013 indicates the following general course outcomes:
LEARNING OUTCOMES
Course Overview -- Upon successful completion of this course, students should be able to describe the evolution, nature and functions of money; the nature of banking and its regulation; monetary standards; structure and functions of the Federal Reserve System; monetary policy, monetary theory and the price level; and the role of banking and money in international finance.
Unit 1: The student shall be able to describe the concept, evolution, and functions of money.
Unit 2: The student shall be able to compare the role of banks with that of other financial intermediaries and describe the major types of deposit instruments.
Unit 3: The student shall be able to classify, describe and explain different types of interest rates; how to measure interest rates, yield to maturity and real vs. nominal interest rates; explain the determinants of demand and the liquidity preference framework.
Unit 4: The student shall be able to describe banks as a business firm and identify key sources of bank earnings, types of bank loans, and fund-management strategies; to identify the nation's bank regulatory structure and the major principles, laws, and regulations that set the boundaries of the business of banking; to describe how the banking system creates money through the process of multiple deposit creation; and to explain the lending process of a commercial bank and the impact on this process of the Federal Reserve's use of bank reserves to implement monetary policy.
Unit 5: The student shall be able to describe the history, functions, and quasi-governmental structure of the Federal Reserve; to describe how the nation's monetary and fiscal policy tools work; and discuss key factors that affect their use in fighting recession or inflation.
Unit 6: The student shall be able to describe the Federal Reserve's strategies for implementing monetary policy objectives; and to describe the structure and precept of two bodies of monetary theory – Keynesian and monetarism.
Unit 7: The student shall be able to describe the components of the balance-of-payments; the workings of the foreign exchange markets; and identify the principle international payment and credit instruments.
Course outcomes from this course are also available from the BC website (BC College course outline).
COURSE REQUIREMENTS
ECO 2013 Principles of Macroeconomics in a prerequisite for this course. We will assume that you have knowledge derived from that class. We have posted lecture notes from the relevant sections of ECO 2013 as a reminder for you.
To maximize your chances for success in this course, make sure that you meet the following course prerequisites:
- Computer Knowledge and Skills
- File Management - You should be familiar with finding and saving files on your computer.
- The Internet - You should be familiar with connecting to the Internet through an Internet Service Provider or Network Connection.
- Web Browser Software - You should be familiar with using web browser software to navigate the Internet and locate information.
- Email - You should be familiar with sending and receiving email messages.
- Discussions - You should be familiar wtih posting and reading discussion messages in a threaded format.
- Attachments - You should be familiar with sending email messages with attached files.
- Word Processing - You should be familar with creating, editing, saving, and printing documents using Microsoft Word.
- Other Requirements
- You'll need a BC email address to access the online portion of this course.
- Obtain a County Library Card or University/College Library Card. You will need either a County Library Card which you may obtain at either North Campus or South Campus Library or a University/College Library Card from the Central Campus Library. These cards will allow you to use select library databases. (optional)
- Technology Requirements
- The only unique software you require for this course is a PowerPoint viewer, which can be uploaded at no cost from http://www.microsoft.com/
- We use videos extensively in this course. Your PC must have speakers or headphones that allow you to hear the videos.
The required text for the course is Croushore, Dean, M & B, South-Western Cengage Learning, 2010.
In addition to the course text, we will use the PBS series “The Ascent of Money” throughout the course. The videos of this series are found on our course Blackboard site.
Within Blackboard, you will have access to the instructor's lecture notes, lecture notes on money and banking from ECO 2013, and videos that we will use throughout the course. The lecture notes are in PowerPoint, and you can print them in handout format (3 or 4 slides to a page), so you can print them out prior to class and make your own notes right on the slides themselves.
How to Register for and Access this Course
To enroll for the course, please refer to BC's Student Online System. Students must be paid before they will be able to log into the course. If you register late, it may take 36 hours for you to gain access to the course after paying.
Once you are enrolled and have paid, access to the course will begin on the first class on Monday, September 13. During that class, we will have an orientation, during which we will review login and access procedures, requirements for the course, and the functionality available in our Blackboard course.
In the meantime, refer to the BC Flexible Learning page for email lookup and login instructions.
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