Posts Tagged: Lecture Notes


2
Apr 09

EC4024 Lecture 17 The ECB and Investor Behaviour

Tomorrow’s lecture will review the functions of the ECB and discuss the transmission mechanisms of monetary policy with regard to the interaction of the central bank and very large, institutional investors. We’ll use pensions as an example of a very large institutional fund which has direct effects on the population when things go wrong.

Here’s a 3 slide handout, and here are the slides.

Readings

Liang and Weisbenner,Investor Behavior and the Purchase of Company Stock in 401(k) Plans – The Importance of Plan Design

National Pension Reserve

Blinder,A. Central Banking in Theory and Practice, MIT Press, Cambridge, Mass, 1998.

Scheller, The ECB, History, Role, and Functions, 2004

OECD, Private Pensions Outlook, 2008.

Attacks on pension relief short-sighted and reckless, Irish Times, 2/04/09


29
Mar 09

EC4024 Financial Economics Lecture 16: CDO, CDS, and Ireland

This lecture introduces students to the CDO and CDS markets. We’ll talk about the structure of the markets, and describe how they are affecting Ireland at the moment. Here’s a 3 slides per page handout, and the slides are below.

Readings

Mike Jakola, Credit Default Swap Index Options

Credit Default Swaps: The Next Crisis?

CDS Data for European Options (ht. Baseline Scenario)

Next lecture: The European Central Bank & Investor Behaviour. Reading: Buiter, W: Why the United Kingdom Should Join the Eurozone.


22
Mar 09

Financial Economics Lecture 15: Corporate Governance & Financial Fragility in Ireland

This lecture will introduce financial economics students to the concepts of Irish corporate governance, and corporate social responsibility. The goal is to show how lax corporate governance and financial fragility as defined by Minsky interact. Given the recent episodes in our indigenous banking sector, this lecture is pertinent, timely, and practical.

Here is a 3 slides per page handout, below are the slides themselves.

Readings

Hyman Minsky page at HET, his big book “Stabilizing an Unstable Economy” (Hyman Minsky)

Stephen Kinsella, Financial Fragility and Corporate Governance in Ireland, in Ronan Keane and Ailbhe O’Neal, (eds), Corporate Governance: An Irish Perspective, Roundhall Press, 2009 pgs. 147-170. Draft version here.


21
Jul 08

âIf I’m not learning, why go?â€

William Hogarth's 1736 engraving, Scholars at...Image via Wikipedia

Why don’t students go to class anymore?

This is a constant refrain in faculty lounges around the world. One answer MIT surveyors found was when students didn’t feel they were learning, they didn’t go.

This is certainly because the penalty to not going to a lecture is reduced by the presence of online learning materials like power point slides and handouts.

However, the old standards still apply–the researchers found students were less likely to go if they thought the lecturer wasn’t very good, and if they thought they wouldn’t learn much, which makes perfect sense, and, it should be noted, has nothing to do with technology.

Several other interesting articles on this issue have been summarised by Dr. Paul L. Latreille in this article for the economics network. They make for fascinating reading, but re run many of the arguments my colleagues and I have about the relationship between student access to notes online and their attendance. In particular, Dr. Latreille takes attendance in his lectures, and allows access to that lecture’s notes using a password system. He found this strategy increased student attendance throughout the term.

My stand on issuing notes, etc, to students is pretty clear from this website. I give students everything I can think of to help them learn—lecture notes, handouts, podcasts, readings, coursepacks, software, solutions to past tests, links to current and past events that I think help them learn, and more. I don’t care where they get the information from, I just want to see them learn the material. I happen to think the best place to do that is inside of a lecture hall, but if a student decides to spend their time elsewhere, then so be it.

So I don’t take attendance at any lectures, and I won’t. Ever. I don’t remove bits of power point slides or other reductive strategies like that to make students show up. I’ll try to tell a decent story as best I can on the day, and hope most of them make it out of bed on time to hear it.

I will, however, quite cheerfully fail people who don’t make the grade, precisely because of this laissez faire policy.

Here are Dr Lattreille’s references in his case study, all of which are fascinating.

Barrett, R., Rainer, A. and Marczyk, O. (2007) “Managed Learning Environments and an Attendance Crisis?“, The Electronic Journal of e-Learning, 5(1), pp. 1-10

Burd, E. and Hodgson, B. (2006) “Attendance and Attainment: A Five Year Study“, Innovation in Teaching And Learning in Information and Computer Sciences, 5(2)

Clay, T. and Breslow, L. (2006) “Why Students Don’t Attend Class“, MIT Faculty Newsletter, XVIII(4)

Clearly-Holdforth, J. (2007) “Student non-attendance in higher education. A phenomenon of student apathy or poor pedagogy?“, DIT Level 3, 5



7
Jul 08

The Mathematics of Modern Growth Theory

Here are Mathematica notes, slides, and code for a course I taught at NUI, Galway in 2006. I recall it didn’t go down that well, but the notes are pretty cool implementations of standard Solow/Ramsey type models, so I think, on reflection, I’ll put them out there.

You’ll need Mathematica or the free mathematica player to view the .nb files, but look at the .pdfs if you’re interested.

You’ll need to evaluate the mathematica file to generate the figures and solutions. Right click the link below to get the files in a .zip file.