THE UNIVERSITY OF NORTH CAROLINA AT ASHEVILLE

 

†††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† ††††††††††††††                                                                     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 majoró34 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 majoró34 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.