e266::Course structuree266::Course structure



Text: Omnibus Teaching Memo.

Each term we receive an omnibus teaching memo (linked above) filled with lots of good stuff. I try to follow this for the most part. Let me know if you see an inconsistency.


Course website:, especially syllabus and materials pages.

Required text: Financial Markets and Institutions, 8e
by Frederic S Mishkin and Stanley Eakins

Older editions? The financial system is changing rapidly and so are most textbooks. Still, an older edition would probably work ok. If you choose to take this route, you bear the risk where important differences occur.


There will be 2 in class midterms, a final, and three problem sets.

1 Final [36%]: Will be cumulative at time and place stated by registrar.

2 Midterms [40%]: in class, equal weighted

3 Problem sets [24%]: Equal-weighted homework assignments.

Grading: The course graded on a mixed absolute scale and curve basis, where the curve part essentially amounts to adjusting the absolute scale a bit when we discover that a given exam was significantly harder or easier than intended.

Special circumstances: Unless excused, late assignments will not be accepted for credit. Except in extreme circumstances, there will be no makeup exams. Students with an excused absence from a homework will have other homework scores re-weighted as appropriate; students who miss an exam will have the other exam scores re-weighted as appropriate.

Any other requests for special circumstances regarding assignments or exams should be presented by email in advance. See also the accommodation section.


Text: Miss Manners' Guide to Excruciatingly Correct Behavior, by Judith Martin, W. W. Norton & Company; Updated edition;ISBN-10: 0393058743; ISBN-13: 978-0393058741.

General: Your fellow students have generally succeed in attaining an outstanding record of civility. I'm confident the same will be true of you all. Still, a little brushing up from Miss Manners never hurt anyone.


Text: Inferno, by Dante; Modern Library; ISBN-10: 0812970063; ISBN-13: 978-0812970067.

General: A select few folks do extraordinarily well in any pursuit by systematically abusing the stanards of integrity that most of us aspire to. If you are planning to follow this time-tested course—to be the Bernie Madoff—of the class—we'll do our best to make you suffer. Of course, cheating, like Ponzi schemes and insider trading, is hard to prove and you might just get away with it—at least for a while (see text above). Still you'd probably be better off paying attention to:

Guidelines: The strength of the university depends on academic and personal integrity. In this course, you must be honest and truthful. Ethical violations include cheating on exams, plagiarism, reuse of assignments, improper use of the Internet and electronic devices, unauthorized collaboration, alteration of graded assignments, forgery and falsification, lying, facilitating academic dishonesty, and unfair competition. Report any violations you witness to the instructor. You may consult the associate dean of student affairs and/or the chairman of the Ethics Board beforehand.

Other resources:
Guide on Academic Ethics for Undergraduates
Academic Manual—Ethics
Ethics Board

Accommodating disabilities

General: If you are a student with a disability or believe you might have a disability that requires accommodation in this class, contact me as early as possible in the course. If you plan to request an accommodation for an exam., contact me well in advance so that we may arrange something. Further resources: contact Dr. Richard Sanders, in Student Disability Services, 385 Garland, (410) 516-4720, and/or see the disability services website.