Teaching Undergraduate Money and Banking: T-Bill Auctions and Stock Market Models

Daniel E. Saros

The Journal of Economic Education, 2009, vol. 40, issue 3, 315-330

Abstract: The author offers innovative approaches to 3 topics that are typically only briefly mentioned (if at all) in money and banking courses. The first topic is a Treasury bill auction experiment in which students have an opportunity to participate directly. The results from a class of 14 money and banking students are used to explain how an instructor might conduct such an experiment in the classroom. Relatively simple algebraic models are also developed for 2 types of stock market transactions: short selling and margin buying. Three analytical exercises are presented with complete solutions to demonstrate how an instructor might assign related problems for students. These experiments and models give students a lasting understanding of a number of rarely discussed topics in money and banking courses.

Date: 2009
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DOI: 10.3200/JECE.40.3.315-330

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