THE
FACULTY SENATE
Senate
Document Number 3309S
Date
of Senate Approval 02/12/09
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Statement
of Faculty Senate Action:
APC Document 21: Delete ECON 215
and add ECON 342;
Revise
Concentration in Monetary Economics and Finance
Effective Date: Fall 2009
1. Delete: On p.
120, description for ECON 215.
215 Money
and Banking (3)
A study of commercial banking, the Federal Reserve System,
the United States Treasury, how money influences the economy, demand for money
and monetary policy. Prerequisite: ECON 101. Fall.
Add: On p. 121, new course ECON 342:
342 Money and the
Financial System (3)
A study of analytical frameworks used to understand
financial markets and an examination of how the Federal Reserve operates and
how monetary policy is conducted. The course also investigates theories
explaining the ways in which money and financial institutions can affect the
macroeconomy. No credit given to students who have credit for ECON 215.
Prerequisite: ECON 101. Fall.
Impact:
No impact. ECON 215 has been offered annually for
several years; this course will be offered annually as well.
Rationale:
The content and delivery of ECON 215 have become more
advanced over time to the point where we believe that identification of the
class at the 200-level creates a false sense of the level of difficulty for prospective
students. The class is now more theoretical than when it was first conceived
and should be placed at the 300-level.
2. Delete: On p. 119, under the
concentration in Monetary Economics and Finance:
I.
Required courses in the major—34 hours, including: ECON 101,
102, 301, 302, 365, 380, 480; one course from 316, 406 or 450; 215, 306; two
courses from 250, 305, 310 or 350.
Add: On p. 119, in place of deleted entry:
I.
Required courses in the major—34 hours, including: ECON 101,
102, 301, 302, 365, 380, 480; one course from 316, 406 or 450; 306, 342; two
courses from 250, 305, 310 or 350.
Impact:
None.
ECON 342 will be offered with the same frequency as ECON 215 has been offered
in the past.
Rationale:
This
change is necessitated by the substitution of ECON 342 for ECON 215 in the
curriculum of the Department of Economics.