Reproduced by Pearson Addison-Wesley from Electronic Files Supplied by Author

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Instructor’s Manual

for

The Economics of Money, Banking,
and Financial Markets

Tenth Edition

Frederic S. Mishkin

Columbia University

Acquisitions Editor: Noel Kamm Seibert

Editorial Project Manager: Carolyn Terbush

Senior Production Project Manager: Kathryn Dinovo

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ISBN-13:978-0-13-276363-9

ISBN-10:0-13-276363-X

Introduction 1

Contents

Preface...... v

Part OneHow to Use the Instructor’s Manual and Other Textbook Ancillaries...... 1

Organization of the Instructor’s Manual...... 3

Alternative Course Outlines...... 5

Overviews of the Textbook Chapters and Teaching Tips...... 9

Answers to End-of-Chapter Problems...... 10

PowerPoint Presentation...... 11

Test Bank...... 12

Course Management with MyEconLab...... 13

The Mishkin Companion Web Site...... 14

Readings in Money, Banking, and Financial Markets (Online Reader)...... 15

Study Guide...... 21

Part TwoOverviews of the Textbook Chapters and Teaching Tips...... 23

Part ThreeAnswers to End-of-Chapter Problems...... 59

Part FourTransparency Masters: Chapter Outlines...... 163

©2012 Pearson Education, Inc. Publishing as Addison Wesley

Introduction 1

©2012 Pearson Education, Inc. Publishing as Addison Wesley

Introduction 1

Preface

From my experience, the demands for good teaching have increased dramatically in recent years. To aid instructors in this challenging environment, I have worked hard to make this Instructor’s Manual a valuable teaching aid that should help save you time in preparing your class.

Rather than proceeding chapter by chapter, this Instructor’s Manual is broken into four parts. Part One contains pedagogic suggestions on such topics as how to organize the course and how to use the ancillaries. Part Two offers chapter overviews and teaching tips that I have found useful in the classroom. Part Three contains the answers and solutions to the end-of-chapter problems. Part Four provides the transparency masters for the chapter outlines. I have found that this organizational structure makes it easy to use the Instructor’s Manual.

I believe that this Instructor’s Manual will be an extremely valuable tool in teaching the money and banking course. I would appreciate any suggestions or comments for improving the manual. Please direct all correspondence to me at the address below:

Frederic S. Mishkin

Graduate School of Business

Uris Hall 817

Columbia University

New York, NY 10027

Please Note: Instructors have permission to copy any of the materials in this instructor’s manual for class use.

©2012 Pearson Education, Inc. Publishing as Addison Wesley