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37 Ratings
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Doyle himself is clearly knowledgeable about the content and wants to help his students. His slides were enough notes for me to do well, but he would ramble on and not finish his lectures, relying on COVID era recorded videos to finish units. As for the class itself, about 70% of the grade is exams which were not super difficult and often contained questions very similar to those given in the problem sets. You were also allowed a 3x5 index card for formulas and notes. Some of the exam questions were a little vague though and could be graded harshly. Participation, extra credit, and the completion-based problem sets serve as grade buffers.
Would definitely recommend for a fairly easy and low workload elective. A lot of the content is basic information about stocks, bonds, and monetary policy that is super relevant regardless of what career/major you are and hopefully will help your investing goals/plans for the future. #tCFF23
Very easy, very informative class. Lectures are a bit dull at times, but Professor Doyle is funny. Exams are extremely fair, everything comes from either lectures or articles we read (or, as other reviews have noted, recorded lectures from COVID). 3x5 index card means that memorizing formulas isn't really needed. The material this class covers is extremely relevant to the financial world, and I've learned more about the real world in this class than most others I've taken. It's not like I was on the edge of my seat every class, but when you really pay attention the material is fascinating. Doyle is also incredibly helpful in office hours; I only went once for help with extra credit and he explained everything I needed to know in a way that made a lot of sense. There's also Dutch knockout, so if you mess up during the semester you can replace everything with just your grade on the final, which is itself not terribly difficult.
OLD (~2016) REVIEWS AREN'T CONSISTENT WITH WHAT THE CLASS IS NOW. This is just my opinion. There aren't 30+ page packets of practice questions (discussion attendance isn't even required) and as far as I can tell the material is taught correctly.
This course is designed overall good. Professor Doyle puts recording of each lecture online for lazy people who do not want to go to class in person. His in-person lectures, with all my respect, are boring and not very helpful. He sometimes mentioned something that is about the real world and it will possibly appear in the exam. However, most of the content in the exam will be based on the slides. There are many questions about definitions and using formulas to calculate rates, and thus if you can go over the slides well you can get 90+ every time.
However, the problem of this course is about its grading. Professor Doyle makes the so-called "Dutch Knockout" an option for grading. That is you can either use all the components to have a grade or simply make the final exam grade as your final grade. This Dutch Knockout is a bullshit because Professor Doyle will make the final harder than all other exams, just like he did in ECON2020. At the end of the semester, the grade for an A was set to 95.5 so if you want to get an A, you cannot make too many mistakes in the former exams and quizzes. Last but not least, you need to find a good TA for yourself if you want to do good in this course.
Money and Banking is a very good econ elective. It is easy to do well in, relatively interesting, and Prof Doyle is very nice. The content is interesting if you enjoy learning about bonds, stocks, the banking system in the US, and monetary policy. While it does not go into extreme detail on everything, it provides a very good overview of these concepts. There are a lot of formulas and real world application to present day economic events, such as post-COVID monetary policy. Prof Doyle is a very nice guy and is eager to help his students. He gets on tangents sometimes in class that can sometime fall flat, but he is really a good guy who is passionate about his work. He allowed us to have a notecard for formulas on the exams which was super helpful. I had no problem doing very well with minimal work outside of class.
#tCFF23
Before taking this course, I was told 100 times over that it was extremely difficult -- now that I'm done with it I strongly disagree. Doyle lectures very similarly to his Principles classes, but gets a little more into the content because this is clearly what he is very knowledgable and passionate about. The class is super interesting if you liked macroeocnomics, he spends the first half of the course on valuation etc. and then moves into detailed monetary policy at the end. Week by week there isn't much work for the class, and if you don't understand something in lecture he has office hours twice a week where he is more than happy to help any student with content questions and give some more examples for topics that were covered in lectures. Personally, I don't think you need to read the textbook, he bases everything off of what he covers in lecture. There are lecture recordings and recording of how to go through practice problems for each exam on Canvas. There are 6 problem sets over the course of the semester, none of them very hard, and then other than that your grade is made up of TA points, 2 quizzes, 2 midterms, and the final. I thought that it was very easy to get over 90% on the midterms and got close to it on the final. Not sure what the midterm averages were, but he ended up making a 94 the cutoff for an A in the course, with the rest of the grading distribution almost identical to the College standard. I was able to get an A with a 93% average on the midterms and an 85% on the final. Absolutely reccomend this class.
Is discussion attendance mandatory or just for extra help/practice? Also, what is the grade breakdown (exams, homework, etc)?
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