Recycled US currency

ECON 520

J. Huston McCulloch

Fall 2009 Syllabus

Fall 2008 Midterm 1 Answer Key Fall 2008 Midterm 2 Answer Key

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Fall 2009 Homeworks (as available)

HW1
HW2
HW3
HW4
HW5
HW6
HW7
HW8
HW9
HW10

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Lecture Slides (as available)

Lecture 1
M&B Chapter 1
Lecture 2
Lecture 3
Lecture 4
Lecture 5
Lecture 6
Lecture 7
Lecture 8
10/22/09 NY Times article on Paul Volcker's view of Glass-Steagall
Lecture 9
Revised and extended Chapter 16, The Federal Reserve System
Joe Blundo column, "You, too, can get a bailout"
Revised and extended Chapter 17, Tools of Monetary control
Lecture 10
Lecture 11
Lecture 12 (2 extra slides covered in class added 2:50PM 11/5)
Bloomberg News table of bailout money -- not on exam
Lecture 13 (slides #22-24 replace old #22-23, 11/17 2:40PM)
Lecture 14 (new slides #1, #9 added 11/17, 2:40PM)
Lecture 15
Lecture 16
Lecture 17
Lecture 18

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THE GUV

Monetary Policy Simulation Video Game

This program will be used in class to illustrate several concepts, and is provided here for your amusement. This version, GUVB.BAS, does not have the scoring features required for Spring 04 homework exercises.

Writeup GUV.DOC

QBasic Program GUVB.BAS

2. Download GUVB.BAS to your computer. For this purpose, you may wish to create a folder (aka directory) such as C:\ECON520, and download it to this folder. GUVB.BAS is a QBASIC program that can be executed by QBASIC.EXE, an old DOS program which normally is provided with Windows. On my Windows 98 machine, it is in the folder C:\DOS, as C:\DOS\QBASIC.EXE. If you can't find QBASIC.EXE on your machine and are a student in this course, contact me by email.

3. To begin execution, you would then click on START - RUN, enter C:\DOS\QBASIC.EXE C:\ECON520\GUVB.BAS in the window, and then OK. This tells QBASIC.EXE to start up and to open GUVB.BAS. Using this approach on my machine, I get two warnings, one that it "can't find drive A" (just click CANCEL), and one that it "can't find the working folder" (just click CONTINUE ANYWAY).

4. Proceed as directed in the writeup and on screen. Note -- The writeup includes instructions for a more advanced version of the program that gives you a score for how well you performed during your 14-year term as swing vote on the FRB. Just ignore this part of the instructions.

5. Enjoy!