Brian M Trinque

THE ROLE OF MONEY AND DEPOSITORY INSTITUTIONS IN THE ECONOMY; INTRODUCTION TO FINANCIAL AND MONETARY THEORY AND POLICY. ONLY ONE OF THE FOLLOWING MAY BE COUNTED: ECONOMICS 322, FINANCE 354, 354H.

PREREQUISITE: ECONOMICS 420K AND 320L WITH A GRADE OF AT LEAST C- IN EACH.

This course is about economic wealth: its various forms (called assets), the institutions that create, own, and exchange wealth, the government policies that regulate the behavior of these institutions, and the social origins and consequences of these assets, institutions, and policies. Financial assets-including but not limited to money-exist as stores of value, linking the production of goods in the present to the production and consumption of goods in the future. The focus of this course is on the challenge wealth presents to society: the need to ensure thta the public can assess with reasonable accuracy the various rates of return on financial assets. So long as financial assets, on average, meet people's expectations, people will seek to acquire and be willing to hold them. The resulting demand for financial assets is simultaneously a reflection of the public's confidence in them and a principal determinant of their rates of return. The origins and evolution of assets, institutions, and policies may be understood as an endless search for socially effective and privately profitable means of managing the risky task of betting on the future.

THEORY OF THE DETERMINATION OF NATIONAL INCOME, EMPLOYMENT, AND THE PRICE LEVEL, WITH POLICY IMPLICATIONS. REQUIRED OF STUDENTS MAJORING IN ECONOMICS.

PREREQUISITE: ECONOMICS 420K WITH A GRADE OF AT LEAST C-.

The purpose of this course is to further students' understanding of the central ideas of macroeconomics.  We will study long-run economic growth and short-run economic fluctuations.  Once we have a basic understanding of these phenomena, we will discuss the main macroeconomic tools of the government, fiscal policy and monetary policy.  By the end of the semester, students should be able to critically read articles on current economic issues that appear in publications such as The New York Times, The Wall Street Journal, and The Economist.

THE ROLE OF MONEY AND DEPOSITORY INSTITUTIONS IN THE ECONOMY; INTRODUCTION TO FINANCIAL AND MONETARY THEORY AND POLICY. ONLY ONE OF THE FOLLOWING MAY BE COUNTED: ECONOMICS 322, FINANCE 354, 354H.

PREREQUISITE: ECONOMICS 420K AND 320L WITH A GRADE OF AT LEAST C- IN EACH.

This course is about economic wealth: its various forms (called assets), the institutions that create, own, and exchange wealth, the government policies that regulate the behavior of these institutions, and the social origins and consequences of these assets, institutions, and policies. Financial assets-including but not limited to money-exist as stores of value, linking the production of goods in the present to the production and consumption of goods in the future. The focus of this course is on the challenge wealth presents to society: the need to ensure thta the public can assess with reasonable accuracy the various rates of return on financial assets. So long as financial assets, on average, meet people's expectations, people will seek to acquire and be willing to hold them. The resulting demand for financial assets is simultaneously a reflection of the public's confidence in them and a principal determinant of their rates of return. The origins and evolution of assets, institutions, and policies may be understood as an endless search for socially effective and privately profitable means of managing the risky task of betting on the future.

THE ROLE OF MONEY AND DEPOSITORY INSTITUTIONS IN THE ECONOMY; INTRODUCTION TO FINANCIAL AND MONETARY THEORY AND POLICY. ONLY ONE OF THE FOLLOWING MAY BE COUNTED: ECONOMICS 322, FINANCE 354, 354H.

PREREQUISITE: ECONOMICS 420K AND 320L WITH A GRADE OF AT LEAST C- IN EACH.

This course is about economic wealth: its various forms (called assets), the institutions that create, own, and exchange wealth, the government policies that regulate the behavior of these institutions, and the social origins and consequences of these assets, institutions, and policies. Financial assets-including but not limited to money-exist as stores of value, linking the production of goods in the present to the production and consumption of goods in the future. The focus of this course is on the challenge wealth presents to society: the need to ensure thta the public can assess with reasonable accuracy the various rates of return on financial assets. So long as financial assets, on average, meet people's expectations, people will seek to acquire and be willing to hold them. The resulting demand for financial assets is simultaneously a reflection of the public's confidence in them and a principal determinant of their rates of return. The origins and evolution of assets, institutions, and policies may be understood as an endless search for socially effective and privately profitable means of managing the risky task of betting on the future.

THEORY OF THE DETERMINATION OF NATIONAL INCOME, EMPLOYMENT, AND THE PRICE LEVEL, WITH POLICY IMPLICATIONS. REQUIRED OF STUDENTS MAJORING IN ECONOMICS.

PREREQUISITE: ECONOMICS 420K WITH A GRADE OF AT LEAST C-.

This course builds on the material presented in Introduction to Macroeconomics (ECO 304L).  Major theoretical concepts, analysis tools, and empirical regularities are explored in the context of issues facing the United States' economy.  By the end of the course, students should be able to address three sets of questions.  (1) What determines the performance of an economy (e.g., its growth rate, its unemployment rate)?  (2) What are the likely consequences of various government policies (regarding the supply of money, budget deficits, etc.)?  (3) What are macroeconomists saying about current issues (e.g., globalization, weakening of the U.S. dollar)?

This course builds on the material presented in Introduction to Macroeconomics (ECO 304L).  Major theoretical concepts, analysis tools, and empirical regularities are explored in the context of issues facing the United States' economy.  By the end of the course, students should be able to address three sets of questions.  (1) What determines the performance of an economy (e.g., its growth rate, its unemployment rate)?  (2) What are the likely consequences of various government policies (regarding the supply of money, budget deficits, etc.)?  (3) What are macroeconomists saying about current issues (e.g., globalization, weakening of the U.S. dollar)?

This course is a writing workshop and seminar focusing on financial systems, national and global.  The principal objective of the course is to enable your engagement with the scholarly literature on financial systems – that is, to learn how to learn from relevant experts.  Secondary course objectives include deepening your understanding of financial systems, exercising your talents in information retrieval and processing, and sharpening your writing skills.  Topics addressed during class meetings (apart from practical tips on accessing the literature and composing a coherent term paper) will emphasize financial innovation.  During the last third of the semester, most class meetings will consist of presentations by students of their work-in-progress.

May be counted toward the writing flag requirement.

THE ROLE OF MONEY AND DEPOSITORY INSTITUTIONS IN THE ECONOMY; INTRODUCTION TO FINANCIAL AND MONETARY THEORY AND POLICY. ONLY ONE OF THE FOLLOWING MAY BE COUNTED: ECONOMICS 322, FINANCE 354, 354H.

PREREQUISITE: ECONOMICS 420K AND 320L WITH A GRADE OF AT LEAST C- IN EACH.

This course is about economic wealth: its various forms (called assets), the institutions that create, own, and exchange wealth, the government policies that regulate the behavior of these institutions, and the social origins and consequences of these assets, institutions, and policies. Financial assets-including but not limited to money-exist as stores of value, linking the production of goods in the present to the production and consumption of goods in the future. The focus of this course is on the challenge wealth presents to society: the need to ensure thta the public can assess with reasonable accuracy the various rates of return on financial assets. So long as financial assets, on average, meet people's expectations, people will seek to acquire and be willing to hold them. The resulting demand for financial assets is simultaneously a reflection of the public's confidence in them and a principal determinant of their rates of return. The origins and evolution of assets, institutions, and policies may be understood as an endless search for socially effective and privately profitable means of managing the risky task of betting on the future.

THEORY OF THE DETERMINATION OF NATIONAL INCOME, EMPLOYMENT, AND THE PRICE LEVEL, WITH POLICY IMPLICATIONS. REQUIRED OF STUDENTS MAJORING IN ECONOMICS.

PREREQUISITE: ECONOMICS 420K WITH A GRADE OF AT LEAST C-.

The purpose of this course is to further students' understanding of the central ideas of macroeconomics.  We will study long-run economic growth and short-run economic fluctuations.  Once we have a basic understanding of these phenomena, we will discuss the main macroeconomic tools of the government, fiscal policy and monetary policy.  By the end of the semester, students should be able to critically read articles on current economic issues that appear in publications such as The New York Times, The Wall Street Journal, and The Economist.

THE ROLE OF MONEY AND DEPOSITORY INSTITUTIONS IN THE ECONOMY; INTRODUCTION TO FINANCIAL AND MONETARY THEORY AND POLICY. ONLY ONE OF THE FOLLOWING MAY BE COUNTED: ECONOMICS 322, FINANCE 354, 354H.

PREREQUISITE: ECONOMICS 420K AND 320L WITH A GRADE OF AT LEAST C- IN EACH.

This course is about economic wealth: its various forms (called assets), the institutions that create, own, and exchange wealth, the government policies that regulate the behavior of these institutions, and the social origins and consequences of these assets, institutions, and policies. Financial assets-including but not limited to money-exist as stores of value, linking the production of goods in the present to the production and consumption of goods in the future. The focus of this course is on the challenge wealth presents to society: the need to ensure thta the public can assess with reasonable accuracy the various rates of return on financial assets. So long as financial assets, on average, meet people's expectations, people will seek to acquire and be willing to hold them. The resulting demand for financial assets is simultaneously a reflection of the public's confidence in them and a principal determinant of their rates of return. The origins and evolution of assets, institutions, and policies may be understood as an endless search for socially effective and privately profitable means of managing the risky task of betting on the future.

Theories of and practices in the principal types of economic systems.

Prerequisite: Economics 304K and 304L with a grade of at least C- in each.

May be counted toward the writing flag requirement.

THEORIES OF AND PRACTICES IN THE PRINCIPAL TYPES OF ECONOMIC SYSTEMS.

PREREQUISITE: ECONOMICS 304K AND 304L WITH A GRADE OF AT LEAST C- IN EACH.

CONTAINS A SUBSTANTIAL WRITING COMPONENT AND FULFILLS PART OF THE BASIC EDUCATION REQUIREMENT IN WRITING.

This course is a writing workshop and seminar focusing on economic systems, national and global. The principal objective of the course is to enable your engagement with the scholarly literature on economic systems - that is, to learn how to learn from relevant experts. Secondary course objectives include deepening your understanding of economic systems, exercising your talents in information retrieval and processing, and sharpening your writing skills. Economic transition is an important phenomenon of the 21st century. In a large and expanding number of countries, a transition process is underway or, at least, under discussion. This transition is away from economic systems based on personal authority and inter-personal loyalties toward an economic system based on self-interested and self-reliant competitive struggle under a de-personalized rule of law. Such transitions are altering the global economy and affecting specific societies as diverse as Mexico, Germany, Uganda, Russia, India, and Japan. This course sets aside the contentious debates over the feasibility and desirability of economic transition, attempting instead to understand transition as an historical process. The focus of the course is on two instances of such transition. What caused Great Britain to become the pioneer of transition? What explains the peculiar characteristics of Japan's economic system? In our approach to these specific cases, we examine selected aspects of the evolution of economic systems from ancient times to the present. During the first two-thirds of the semester, lectures will address economic transition as well as practical tips on accessing the literature and composing a coherent term paper. Thereafter, most class meetings will consist of presentations by students of their work-in-progress.

THEORY OF THE DETERMINATION OF NATIONAL INCOME, EMPLOYMENT, AND THE PRICE LEVEL, WITH POLICY IMPLICATIONS. REQUIRED OF STUDENTS MAJORING IN ECONOMICS.

PREREQUISITE: ECONOMICS 420K WITH A GRADE OF AT LEAST C-.

This course builds on the material presented in Introduction to Macroeconomics (ECO 304L) and 420K. Major theoretical concepts, analysis tools, and empirical regularities are explored in the context of seven case studies. The first case study presents stylized facts of long-run economic growth in the United States. The second case demonstrates how changes in the links between technology and economic behavior might account for alternating episodes of rapid then slow economic growth. Case three examines the role of financial markets, emphasizing that the long run is created as people respond to short-run circumstances. Case four introduces the basics of the business cycle by addressing the phenomenon of so-called "jobless growth." The fifth case continues the examination of how the business cycle might be substantially altered in the New Economy. In the final two cases, expectations and resulting dynamic interactions are highlighted in the treatment of international flows of goods and financial assets, the labor market, and economic growth. If more information is needed contact instructor.

“The purpose of economics is not to acquire a set of readymade answers to economic questions, but to learn how to avoid being deceived by economists." Joan Robinson, 1955

ECO 322 Money and Banking-W

Spring 2010                                      (33615) MWF 3 to 3:50                                WAG 214

Instructor: Brian M. Trinque                                                                                   BRB 3.102B

trinque@austin.utexas.edu (475-8557)               MTWTh, 10 to 11:30, or by appointment

Course description

This course is a writing workshop and seminar focusing on financial systems, national and global. The principal objective of the course is to enable your engagement with the scholarly literature on financial systems – that is, to learn how to learn from relevant experts.  Secondary course objectives include deepening your understanding of financial systems, exercising your talents in information retrieval and processing, and sharpening your writing skills.

Topics addressed during class meetings (apart from practical tips on accessing the literature and composing a coherent term paper) will emphasize financial innovation. During the last third of the semester, most class meetings will consist of presentations by students of their work-in-progress.

Prerequisites: To remain in this course, you must have both

(1) completed ECO 420K and

(2) completed ECO 320L.

If you lack either of these prerequisites, you will be dropped from this course; you are advised to adjust your schedule now (since no economics courses may be added after the fourth class meeting).

Materials

Required readings and reference materials will be placed on electronic reserves

(ereserves course page).

Details, including password, will be provided in class.

Assignments and Grading

Your grade in this course will depend principally on your success in accessing, understanding, and communicating (in writing) a scholarly debate or issue of relevance to financial systems. Grades are based on the quality of the written product.

Any student with a documented disability who requires academic accommodations should contact Services for Students with Disabilities (SSD) at (512) 471-6259 (voice) or 1-866-329-3986 (video phone).

You are expected to begin working immediately on the first two assignments. All assignments must be submitted by the specified due dates (see table on the next page). All materials are to be turned in during regular class meetings. If you miss class on a due date, bring/send the items due before the class meets, if possible. If that is not possible, contact me within 24 hours of the class meeting. A late penalty may be imposed. If contact is not made within 24 hours, I reserve the right to refuse the submission, resulting in zero credit for that portion of the course grade. Detailed guidelines and procedures are provided in the Writing Guidelines. Failure to comply with any of the stated procedures may result in a grade penalty.

You will write an in-class essay most Wednesdays, beginning on 27 January and ending on 10 March. These essays will encourage and assess your understanding of lectures and related readings, and enable feedback on the effectiveness of your writing. Each essay will be scored between zero and four points; the average of essay scores will determine 20% of your course grade.

Attendance is expected. Moreover, each student will serve as a discussant for two classmates’ papers; attendance on the dates scheduled for the presentations of those papers is mandatory.

The in-class presentation is optional, but strongly recommended. The presentation deepens your understanding of your chosen research topic and contributes to your classmates’ knowledge. My intention is that everyone who does the presentation will receive an “A” for that 10% portion of the course grade. If you choose to not do the presentation, the weight on the final draft of the term paper is raised from 25% to 35%.

Graded assignments will be returned in class. Thereafter, such documents will be in my office for you to collect at your convenience (and are stored for approximately four years).  Retrieving the graded documents is the only way to know your grade. I do not post grades nor discuss grades via phone or email. Final course grades become available on line when and as the Registrar posts them.

Conversion of score to letter grade will occur as follows:

95 to 100 A

90 to 94 A-

87 to 89 B+

83 to 86 B

80 to 82 B-

75 to 79 C+

65 to 74 C

60 to 64 C-

50 to 59 D

0 to 49 F

“The purpose of economics is not to acquire a set of readymade answers to economic questions,

but to learn how to avoid being deceived by economists." Joan Robinson, 1955

ECO 327 Comparative Economic Systems-W

spring 2010 (33625) MWF 1 – 1:50 p.m. UTC 3.122

Brian M. Trinque, Ph.D. Office hours: MTWTh, 10 to 11:30, or by appointment

trinque@austin.utexas.edu BRB 3.102B (475-8557)

Course description

This course is a writing workshop and seminar focusing on economic systems, national

and global. The principal objective of the course is to enable your engagement with the

scholarly literature on economic systems – that is, to learn how to learn from relevant experts.

Secondary course objectives include deepening your understanding of economic systems, exercising your talents in information retrieval and processing, and sharpening your writing skills.

Economic transition is an important phenomenon of the 21st century. In a large and

expanding number of countries, a transition process is underway or, at least, under discussion.

This transition is away from economic systems based on personal authority and inter-personal loyalties toward an economic system based on self-interested and self-reliant competitive struggle under a de-personalized rule of law. Such transitions are altering the global economy and affecting specific societies in unique, though interrelated, ways.

This course sets aside the contentious debates over the feasibility and desirability of

economic transition, attempting instead to understand transition as an historical process. The focus of the course is on two instances of such transition. What caused Great Britain to become the pioneer of transition? What explains the peculiar characteristics of Japan’s economic system? In our approach to these specific cases, we examine selected aspects of the evolution of economic systems from ancient times to the present.

During the first two-thirds of the session, lectures will address economic transition as

well as practical tips on accessing the literature and composing a coherent term paper.

Thereafter, most class meetings will consist of presentations by students of their work-inprogress.

Comparative Economic Systems-W (spring 2010) 2

Materials & Communication

There is no required text. Required readings and additional reference materials will be

placed at electronic reserves,

http://reserves.lib.utexas.edu/eres/courseindex.aspx?page=search

Details, including password, will be provided in class.

If you have a learning, sensory, or psychiatric disability, please let me know early in the

semester so your learning needs can be appropriately met.

I am committed to being available when you are, whether during the day, evening or on

weekends; please do not hesitate to schedule an appointment.

Graded assignments and exams will be returned in class. Thereafter, such documents

will be in my office for you to collect at your convenience (and are stored for approximately four years). Retrieving the graded documents is the only way to know your grade. I do not post grades nor discuss grades via phone or email. Final course grades become available on line when and as the Registrar posts them.

Assignments and Grading

Your grade in this course will depend principally on your success in accessing,

understanding, and communicating (in writing) a scholarly debate or issue of relevance to economic systems. Grades are based on the quality of the written product.

You are expected to begin working immediately on the first two assignments. All

assignments must be submitted by the specified due dates (see table on page 4). All materials are to be turned in during regular class meetings. If you miss class on a due date, bring/send the items due before the class meets, if possible. If that is not possible, contact me within 24 hours of the class meeting. A late penalty may be imposed. If contact is not made within 24 hours, I reserve the right to refuse the submission, resulting in zero credit for the corresponding portion of the course grade. Detailed guidelines and procedures are provided in the Writing Guidelines.

Failure to comply with any of the stated procedures may result in a grade penalty.

You will write an in-class essay each Wednesday, 27 January through 10 March. These

essays will encourage and assess your understanding of lectures and related readings, and enable feedback on the effectiveness of your writing. Each essay will be scored between zero and four points; the average of essay scores will determine 20% of your course grade.

Comparative Economic Systems-W (spring 2010) 3

Attendance is expected. Moreover, each student will serve as a discussant for two

classmates’ papers; attendance on the dates scheduled for the presentations of those papers

is mandatory.

The in-class presentation is optional, but strongly recommended. The presentation

deepens your understanding of your chosen research topic and contributes to your classmates’ knowledge. My intention is that everyone who does the presentation will receive an “A” for that 10% portion of the course grade. If you choose to not do the presentation, the weight on the final draft of the term paper is raised from 25% to 35%.

Conversion of score to letter grade will occur as follows:

Expected Learning Outcomes

Successful completion of this course will enable you to

a) identify several types of economic systems humans have devised.

b) describe how the British became the first to establish capitalism.

c) explain how and why capitalism in the United States differs from the capitalism

of Japan.

d) discuss the requirements and challenges of transition to capitalism in present-day

societies.

e) discuss the ethical basis of capitalism and compare it to the values underlying

other economic systems.

f) explain interactions among a society’s material environment, belief systems,

social hierarchy, and economic performance.

g) access, understand, and communicate (in writing) a scholarly debate or issue of

relevance to economic systems.

95 to 100 A

90 to 94 A-

87 to 89 B+

83 to 86 B

80 to 82 B-

75 to 79 C+

65 to 74 C

60 to 64 C-

50 to 59 D

0 to 49 F

Comparative Economic Systems-W (spring 2010)

“The purpose of economics is not to acquire a set of readymade answers to economic questions,

“The purpose of economics is not to acquire a set of readymade answers to economic questions,

THEORY OF THE DETERMINATION OF NATIONAL INCOME, EMPLOYMENT, AND THE PRICE LEVEL, WITH POLICY IMPLICATIONS. REQUIRED OF STUDENTS MAJORING IN ECONOMICS.

PREREQUISITE: ECONOMICS 420K WITH A GRADE OF AT LEAST C-.

The purpose of this course is to further students' understanding of the central ideas of macroeconomics.  We will study long-run economic growth and short-run economic fluctuations.  Once we have a basic understanding of these phenomena, we will discuss the main macroeconomic tools of the government, fiscal policy and monetary policy.  By the end of the semester, students should be able to critically read articles on current economic issues that appear in publications such as The New York Times, The Wall Street Journal, and The Economist.

ANALYSIS OF THE ECONOMY AS A WHOLE (ITS ORGANIZATION AND THE BASIC FORCES INFLUENCING ITS GROWTH AND DEVELOPMENT); MONEY AND BANKING, NATIONAL INCOME, PUBLIC FINANCE, AND INTERNATIONAL LINKAGES.

PREREQUISITE: ECONOMICS 304K WITH A GRADE OF AT LEAST C-.

DESIGNED TO ACCOMMODATE 100 OR MORE STUDENTS.

This course is designed to introduce students to the vocabulary, concepts and models of analysis of macroeconomics. We will discuss the behavior of the aggregate economy, particularly the Gross Domestic Product; Consumption; Savings; Investment,Unemployment; Inflation; the role of the Monetary System and and Policy, the role of Taxes, Government Spending and Fiscal Policy; the National Debt and Government Budget Deficits and Surpluses; Exports, Imports and International Trade.

THE ROLE OF MONEY AND DEPOSITORY INSTITUTIONS IN THE ECONOMY; INTRODUCTION TO FINANCIAL AND MONETARY THEORY AND POLICY. ONLY ONE OF THE FOLLOWING MAY BE COUNTED: ECONOMICS 322, FINANCE 354, 354H.

PREREQUISITE: ECONOMICS 420K AND 320L WITH A GRADE OF AT LEAST C- IN EACH.

This course is about economic wealth: its various forms (called assets), the institutions that create, own, and exchange wealth, the government policies that regulate the behavior of these institutions, and the social origins and consequences of these assets, institutions, and policies. Financial assets-including but not limited to money-exist as stores of value, linking the production of goods in the present to the production and consumption of goods in the future. The focus of this course is on the challenge wealth presents to society: the need to ensure thta the public can assess with reasonable accuracy the various rates of return on financial assets. So long as financial assets, on average, meet people's expectations, people will seek to acquire and be willing to hold them. The resulting demand for financial assets is simultaneously a reflection of the public's confidence in them and a principal determinant of their rates of return. The origins and evolution of assets, institutions, and policies may be understood as an endless search for socially effective and privately profitable means of managing the risky task of betting on the future.