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


  • Daniel E. Saros


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.

Suggested Citation

  • Daniel E. Saros, 2009. "Teaching Undergraduate Money and Banking: T-Bill Auctions and Stock Market Models," The Journal of Economic Education, Taylor & Francis Journals, vol. 40(3), pages 315-330, July.
  • Handle: RePEc:taf:jeduce:v:40:y:2009:i:3:p:315-330
    DOI: 10.3200/JECE.40.3.315-330

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