diff --git a/quantecon/util/notebooks.py b/quantecon/util/notebooks.py
index 51ef1c3a6..804081c8b 100644
--- a/quantecon/util/notebooks.py
+++ b/quantecon/util/notebooks.py
@@ -9,7 +9,7 @@
 Files on the REMOTE Github Server can be organised into folders but they will end up at the root level of
 when downloaded as a support File
 
-"https://github.com/QuantEcon/QuantEcon.notebooks/raw/master/dependencies/mpi/something.py" --> ./somthing.py
+"https://github.com/QuantEcon/QuantEcon.notebooks/raw/master/dependencies/mpi/something.py" --> ./something.py
 
 TODO
 ----
@@ -21,57 +21,61 @@
 
 import os
 import requests
+import warnings
 
 #-Remote Structure-#
 REPO = "https://github.com/QuantEcon/QuantEcon.notebooks"
 RAW = "raw"
 BRANCH = "master"
-DEPS = "dependencies"          #Hard Coded Dependencies Folder on QuantEcon.notebooks
+FOLDER = "dependencies"          #Hard Coded Dependencies Folder on QuantEcon.notebooks
 
 
-def fetch_nb_dependencies(files, repo=REPO, raw=RAW, branch=BRANCH, deps=DEPS, overwrite=False, verbose=True):
+def fetch_nb_dependencies(files, repo=REPO, raw=RAW, branch=BRANCH, folder=FOLDER, overwrite=False, verbose=True):
     """
     Retrieve raw files from QuantEcon.notebooks or any other Github repo
     
     Parameters
     ----------
     file_list   list or dict
-                A list of files to specify a collection of filenames
+                A list of files to specify a collection of filenames	
                 A dict of dir : list(files) to specify a directory
     repo        str, optional(default=REPO)
+    raw 		str, optional(defualt=RAW)
+    			This is here in case github changes access to their raw files through web links
     branch      str, optional(default=BRANCH)
-    deps        str, optional(default=DEPS)
+    folder      str, optional(default=FOLDER)
     overwrite   bool, optional(default=False)
     verbose     bool, optional(default=True)
 
-    TODO
-    ----
-    1. Should we update this to allow people to specify their own folders on a different GitHub repo?
-
     """
 
     #-Generate Common Data Structure-#
     if type(files) == list:
         files = {"" : files}
 
+    status = []
+
     #-Obtain each requested file-#
     for directory in files.keys():
         if directory != "":
-            if verbose: print("Parsing directory: %s")
+            if verbose: print("Parsing directory: %s"%directory)
         for fl in files[directory]:
             if directory != "":
                 fl = directory+"/"+fl
             #-Check for Local Copy of File (Default Behaviour is to Skip)-#
             if not overwrite:
                 if os.path.isfile(fl):
-                    if verbose: print("A file named %s already exists in the specified directory ... skipping download."%fl)
+                    if verbose: print("A file named %s already exists in the specified directory ... skipping download." % fl)
+                    status.append(False)
                     continue
             else:
                 if verbose: print("Overwriting file %s ..."%fl)
             if verbose: print("Fetching file: %s"%fl)
             #-Get file in OS agnostic way using requests-#
-            url = "/".join([repo,raw,branch,deps,fl])
+            url = "/".join([repo,raw,branch,folder,fl])
             r = requests.get(url)
             with open(fl, "wb") as fl:
                 fl.write(r.content)
+            status.append(True)
 
+    return status
diff --git a/quantecon/util/tests/test_file.md b/quantecon/util/tests/test_file.md
new file mode 100644
index 000000000..3ec45702f
--- /dev/null
+++ b/quantecon/util/tests/test_file.md
@@ -0,0 +1 @@
+This is a Simple Test File for test_notebooks.py
\ No newline at end of file
diff --git a/quantecon/util/tests/test_notebooks.py b/quantecon/util/tests/test_notebooks.py
new file mode 100644
index 000000000..8e39e2dab
--- /dev/null
+++ b/quantecon/util/tests/test_notebooks.py
@@ -0,0 +1,38 @@
+"""
+Tests for Notebook Utilities
+
+Functions
+---------
+fetch_nb_dependencies
+
+"""
+
+from quantecon.util import fetch_nb_dependencies
+import unittest
+import os
+
+FILES = ['test_file.md']
+REPO = "https://github.com/QuantEcon/QuantEcon.py"
+RAW = "raw"
+BRANCH = "master"
+FOLDER = "quantecon/util/tests/"
+
+class TestNotebookUtils(unittest.TestCase):
+
+    def test_fetch_nb_dependencies(self):
+        """
+        Run First and Test Download
+        """
+        status = fetch_nb_dependencies(files=FILES, repo=REPO, raw=RAW, branch=BRANCH, folder=FOLDER)
+        self.assertFalse(False in status)
+
+    def test_fetch_nb_dependencies_overwrite(self):
+        """
+        Run Second and Ensure file is skipped by checking a False is found in status
+        """
+        status = fetch_nb_dependencies(files=FILES, repo=REPO, raw=RAW, branch=BRANCH, folder=FOLDER)  #First will succeed
+        status = fetch_nb_dependencies(files=FILES, repo=REPO, raw=RAW, branch=BRANCH, folder=FOLDER)  #Second should skip
+        self.assertTrue(False in status)
+
+    def tearDown(self):
+        os.remove("test_file.md")
\ No newline at end of file