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Product Overview

  • Money and Banking: A Policy-Oriented Approach, 1st Edition
  • Dean Croushore - University of Richmond
  • ISBN-10: 0618161252  ISBN-13: 9780618161256 
  • 608 Pages  Hardcover 
  • ©2007     Published
  • College Bookstore Wholesale Price = $161.75  
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Product Demo
Combining a concise writing style with real-world applications, this innovative text takes a new approach to the money and banking course. Money and Banking examines the role the banking system plays in individual financial activities and considers the monetary policymaking that shapes the world's financial system. A highly respected teacher--and a leading expert on macroeconomic forecasting, with several years of experience at the Federal level--Croushore makes the personal and the public relevant and interesting to students. The text's shorter, more focused approach addresses the modern framework of today's financial system, in which both financial markets and banks play important roles. Designed to appeal to a range of learners, the pedagogical features include over 130 figures and 20 full-color photos and cartoons. The ancillary program, written entirely by the author, provides a well-integrated set of learning tools and teaching resources.
  • The text's focus on policy issues and data appeals to students who want to see how theories about money and financial markets play out in the real world--both in their own financial activities and on a larger, societal scale.
  • As a former macroeconomics expert with the Philadelphia Federal Reserve, Croushore brings an insider's perspective to the material, helping students understand the real-world complexities of economic policy.
  • Carefully selected and tested by the author, the end-of-chapter problems include review, numerical, and analytical exercises.
  • Data Bank boxed features explore how data collection affects real-world businesses, institutions, and investors; Policy Insider boxes highlight the author's experience with policy decision at the Federal level.
  • Application to Everyday Life sections feature interesting examples to help students connect concepts in the text to their personal experiences, while chapter-ending Policy Issues focus on key policy decisions relevant to the reading.
  • Key equations, key terms, marginal glossaries, and section summaries allow students to quickly and efficiently review important information in each chapter.
  • The Eduspace online learning tool pairs the widely recognized resources of Blackboard with quality, text-specific content from Houghton Mifflin. Auto-graded homework based on end-of-chapter exercises, MP3 files of chapter summaries, and math review tutorials all come ready-to-use. Additional course management materials PowerPoint slides and Instructor's Resource Manual.
  • MP3 audio files include chapter summaries to help students prepare students for quizzes and exams. These files are available at the Online Study Center and on the Eduspace site and Blackboard/WebCT course cartridges.
Dean Croushore
Dean Croushore is Chair of the Economics Department and Professor of Economics and the Rigsby Fellow for the University of Richmond. He recently returned to teaching after serving for 14 years as economist at the Federal Reserve Bank of Philadelphia. As vice president and economist at the Philadelphia Fed, his duties included heading the macroeconomics group, briefing the bank's president and board of directors on the state of the economy and providing advice for administering two national surveys of forecasters and researching current issues in monetary policy. Dr. Croushore received his A.B. from Ohio University and his M.A. and Ph.D. from Ohio State University. He has taught at Princeton, Penn State, John Hopkins, the Wharton School and Temple. Dr. Croushore's research in recent years has focused on forecasting and how date revisions affect monetary policy, forecasting and macroeconomics research. His publications include articles in many leading economics journals. He serves as Associate Editor of the Journal of Money, Credit and Banking as well as Associate Editor for the International Journal of Forecasting, Empirical Economics, and Journal of Business and Economic Statistics.

Each chapter concludes with a chapter summary, key terms, and references.
1. Introduction to Money and Banking
What's in This Text?
Ten (Surprising) Facts Concerning Money and Banking
I. Money and the Financial System
2. The Financial System and the Economy
Financial Securities
Matching Borrowers with Lenders
Financial Markets
The Financial System
Application to Everyday Life: What Do Investors Care About?
3. Money and Payments
How We Use Money
The Payments System
Counting Money
Application to Everyday Life:What Do You Do with Your Change?
4. Present Value
The Present Value of One Future Payment
The General Form of the Present-Value Formula
Using Present Value to Make Decisions
Using the Present-Value Formula to Calculate Payments
Looking Forward or Looking Backward at Returns
Application to Everyday Life: How to Negotiate a Car Lease
5. The Structure of Interest Rates
What Explains Differences in Interest Rates?
The Term Structure of Interest Rates
The Term Premium
The Yield Curve and the Business Cycle
Policy Perspective: Can the Term Spread Help Predict Recessions?
6. Real Interest Rates
What Are Real Interest Rates?
Real Present Value
What Affects Real Interest Rates?
Application to Everyday Life: How Inflation and Taxes Reduce Investors' Returns
7. Stocks and Other Assets
The Stock Market
How Can an Investor Profit in the Stock Market?
Application to Everyday Life: Comparing Stocks with Bonds and Other Financial Investments
II. Fundamentals of Banking
8. How Banks Work
The Role of Banks
How Do Banks Earn Profits?
Policy Perspective:Should the Fed Let Reserve Requirements Be Swept Away?
9. Government's Role in Banking
Regulation of Banks
Supervision of Banks
Policy Perspective: Should Mergers of Big Banks Be Allowed?
III. Macroeconomics
10. Economic Growth and Business Cycles
Measuring Economic Growth
Business Cycles
Application to Everyday Life: How Does Economic Growth Affect Your Future Income?
11. Modeling Money
The ATM Model of the Demand for Cash
The Liquidity-Preference Model
The Dynamic Model of Money
Policy Perspective: Using Models of Money Demand in Practice
12. The Aggregate-Demand/Aggregate-Supply Model
A Model of Aggregate Demand and Aggregate Supply
Analyzing Policy Using the AD-AS Model
Large, Structural Macroeconomic Models
Policy Perspective: Did Large Macro Models Mislead Policymakers in the 1970s?
13. Modern Macroeconomic Models
Dynamic Models
Dynamic, Stochastic, General-Equilibrium Models
Statistical Models of the Economy
Policy Perspective: Do Modern Macroeconomic Models Have Any Value for Policy?
14. Economic Interdependence
The International Business Cycle
Exchange Rates
Policy Perspective: How Independent Should a Country Be?
IV. Monetary Policy
15. The Federal Reserve System
Federal Reserve Banks
The Board of Governors
The Federal Open Market Committee
Policy Perspective: Should the Federal Reserve Be So Independent?
16. Monetary Control
Money Creation and Destruction by the Fed and by Banks
Realistic Money Multipliers
The Fed's Tools for Changing the Money Supply
The Market for Bank Reserves
Policy Perspective: Should the Fed Pay Interest on Reserves?
17. Monetary Policy: Goals and Tradeoffs
Stabilization Policy
Goals of Monetary Policy
The Fed's Objective Function
Policy Perspective: The Phillips Curve
18. Rules for Monetary Policy
Rules Versus Discretion
Money-Growth Rules
The Taylor Rule
Inflation Targeting
Policy Issue: Why Don't Policymakers Follow Rules?

Instructor Supplements

All supplements have been updated in coordination with the Main title.
Please see Main title page for new to this edition information.
Cartridge - Money and Banking: A Policy-Oriented Approach (ISBN-10: 0618723145 | ISBN-13: 9780618723140)
These CDs provide instructors/departments with ready-to-use content--such as math review tutorials and MP3 files of chapter summaries--to jumpstart their course sites.
List Price = $.00
|
College Bookstore Wholesale Price = $.00
eBook: Money and Banking: A Policy-Oriented Approach (ISBN-10: 0324773269 | ISBN-13: 9780324773262)
List Price = $99.99
|
College Bookstore Wholesale Price = $99.99
Eduspace (ISBN-10: 0618723161 | ISBN-13: 9780618723164)
List Price = $88.95
|
College Bookstore Wholesale Price = $65.75
Eduspace Essential Passkey(ISBN-10: 0618752870 | ISBN-13: 9780618752874)
Your Eduspace Essential Student Passkey will be sent to you digitally via your online purchase receipt and also sent via email.Your passkey is needed in order to access an Eduspace Essential course. Individual passkeys must be purchased for each course enrollment.Eduspace is Houghton Mifflin's online learning tool. It may be required by your instructor to complete online homework and assignments. Eduspace also offers powerful tools and text-specific content that will help you get a better grade.Eduspace Essential courses contain:
List Price = $35.95
|
College Bookstore Wholesale Price = $26.50
HM Testing with ClassPrep (ISBN-10: 0618161317 | ISBN-13: 9780618161317)
This CD includes electronic teaching aids such as Test Bank files, PowerPoint slides and overhead transparency masters, solutions to end-of-chapter problems, Instructor's Resource Manual (written by the author), and other supplementary material.Through a partnership with the Brownstone Research Group, HM Testing--now powered by Diploma--provides instructors with all the tools they need to create, author/edit, customize, and deliver multiple types of tests. Instructors can import questions directly from the test bank, create their own questions, or edit existing algorithmic questions, all within Diploma's powerful electronic platform.
Instructor's DVD (ISBN-10: 0618723285 | ISBN-13: 9780618723287)
Instructor's Resource Manual (ISBN-10: 0618723099 | ISBN-13: 9780618723096)
Online Transparencies (ISBN-10: 0618161287 | ISBN-13: 9780618161287)
List Price = $105.95
|
College Bookstore Wholesale Price = $78.75
Test Bank (ISBN-10: 0618161279 | ISBN-13: 9780618161270)
Written by the author, this resource includes multiple-choice questions, computational questions, true/false questions, and exercises. Available in both print and electronic formats.

Student Supplements

All supplements have been updated in coordination with the Main title.
Please see Main title page for new to this edition information.
Cartridge - Money and Banking: A Policy-Oriented Approach (ISBN-10: 0618723145 | ISBN-13: 9780618723140)
These CDs provide instructors/departments with ready-to-use content--such as math review tutorials and MP3 files of chapter summaries--to jumpstart their course sites.
List Price = $.00
|
College Bookstore Wholesale Price = $.00
eBook: Money and Banking: A Policy-Oriented Approach (ISBN-10: 0324773269 | ISBN-13: 9780324773262)
List Price = $99.99
|
College Bookstore Wholesale Price = $99.99
Eduspace (ISBN-10: 0618723161 | ISBN-13: 9780618723164)
List Price = $88.95
|
College Bookstore Wholesale Price = $65.75
Eduspace Essential Passkey(ISBN-10: 0618752870 | ISBN-13: 9780618752874)
Your Eduspace Essential Student Passkey will be sent to you digitally via your online purchase receipt and also sent via email.Your passkey is needed in order to access an Eduspace Essential course. Individual passkeys must be purchased for each course enrollment.Eduspace is Houghton Mifflin's online learning tool. It may be required by your instructor to complete online homework and assignments. Eduspace also offers powerful tools and text-specific content that will help you get a better grade.Eduspace Essential courses contain:
List Price = $35.95
|
College Bookstore Wholesale Price = $26.50
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