COURSE INFORMATON
Course Title Code Semester L+P Hour Credits ECTS
Monetary Theory ECOS   312 6 3 3 7

Prerequisites and co-requisites
Recommended Optional Programme Components None

Language of Instruction English
Course Level First Cycle Programmes (Bachelor's Degree)
Course Type
Course Coordinator Asst.Prof.Dr. Erhan İŞCAN
Instructors
Dr. Öğr. ÜyesiERHAN İŞCAN1. Öğretim Grup:A
 
Assistants
Goals
This course will investigate the origins and role of money, theories regarding the supply of and demand for money and the role of money in determining aggregate demand, output, prices and other key macroeconomic variables. The relationship between money, credit and debt will be emphasized. This course will also analyse the evolving role of central banking and views regarding the role and conduct of monetary policy, including recent and historical international policy actions.
Content
It aims to build on the material typically covered in intermediate macroeconomics and provide the student with an advanced understanding of monetary economics, including contemporary and historical monetary theory, central banking and monetary policy.

Learning Outcomes
1) On successful completion of this course, students are expected to have developed knowledge and understanding of Central Banking
2) On successful completion of this course, students are expected to have developed knowledge and understanding of Monetary Policy Tools and Goals
3) On successful completion of this course, students are expected to have developed knowledge and understanding of Money Supply
4) On successful completion of this course, students are expected to have developed knowledge and understanding of Transmission mechanisms of monetary policy
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Course's Contribution To Program
NoProgram Learning OutcomesContribution
12345
1
Explains Econometric concepts
2
Acquires basic Mathematics, Statistics and Operation Research concepts
3
Equipped with the foundations of Economics, and develops Economic models
X
4
Describes the necessary concepts of Business
5
Models problems with Mathematics, Statistics, and Econometrics
6
Estimates the model consistently and analyzes & interprets its results
7
Acquires the ability to analyze, benchmark, evaluate and interpret at conceptual levels to develop solutions to problems
8
Collects, edits, and analyzes data
9
Uses a package program of Econometrics, Statistics, and Operation Research
10
Effectively works, take responsibility, and the leadership individually or as a member of a team
11
Awareness towards life-long learning and follow-up of the new information and knowledge in the field of study
X
12
Develops the ability of using different resources in the form of academic rules, synthesis the information gathered, and effective presentation in an area which has not been studied
13
Uses Turkish and at least one other foreign language, academically and in the business context
14
Good understanding, interpretation, efficient written and oral expression of the people involved
15
Improves his/herself constantly by defining educational requirements considering interests and talents in scientific, cultural, art and social fields besides career development
16
Questions traditional approaches and their implementation while developing alternative study programs when required
17
Recognizes and implements social, scientific, and professional ethic values
18
Follows actuality, and interprets the data about economic and social events
X

Course Content
WeekTopicsStudy Materials _ocw_rs_drs_yontem
1 Introducing Money and the Financial System Hubbard, G. P., and O'Brien, A. P. (2011). Money, banking, and the financial system. Pearson Higher Ed. Lecture
2 Money and the Payments System Hubbard, G. P., and O'Brien, A. P. (2011). Money, banking, and the financial system. Pearson Higher Ed. Lecture
3 Interest Rates and Rates of Return Hubbard, G. P., and O'Brien, A. P. (2011). Money, banking, and the financial system. Pearson Higher Ed. Lecture
4 Determining Interest Rates Hubbard, G. P., and O'Brien, A. P. (2011). Money, banking, and the financial system. Pearson Higher Ed. Lecture
5 The Risk Structure and Term Structure of Interest Rates Hubbard, G. P., and O'Brien, A. P. (2011). Money, banking, and the financial system. Pearson Higher Ed. Lecture
6 The Stock Market, Information, and Financial Market Efficiency Hubbard, G. P., and O'Brien, A. P. (2011). Money, banking, and the financial system. Pearson Higher Ed. Lecture
7 Derivatives and Derivative Markets Hubbard, G. P., and O'Brien, A. P. (2011). Money, banking, and the financial system. Pearson Higher Ed. Lecture
8 Mid-Term Exam Hubbard, G. P., and O'Brien, A. P. (2011). Money, banking, and the financial system. Pearson Higher Ed. Testing
9 The Market for Foreign Exchange Hubbard, G. P., and O'Brien, A. P. (2011). Money, banking, and the financial system. Pearson Higher Ed. Lecture
10 Transactions Costs, Asymmetric Information, and the Structure of the Financial System Hubbard, G. P., and O'Brien, A. P. (2011). Money, banking, and the financial system. Pearson Higher Ed. Lecture
11 The Economics of Banking Hubbard, G. P., and O'Brien, A. P. (2011). Money, banking, and the financial system. Pearson Higher Ed. Lecture
12 Beyond Commercial Banks: Shadow Banks and Nonbank Financial Institutions Hubbard, G. P., and O'Brien, A. P. (2011). Money, banking, and the financial system. Pearson Higher Ed. Lecture
13 Financial Crises and Financial Regulation Hubbard, G. P., and O'Brien, A. P. (2011). Money, banking, and the financial system. Pearson Higher Ed. Lecture
14 Monetary Policy Hubbard, G. P., and O'Brien, A. P. (2011). Money, banking, and the financial system. Pearson Higher Ed. Lecture
15 The International Financial System and Monetary Policy Hubbard, G. P., and O'Brien, A. P. (2011). Money, banking, and the financial system. Pearson Higher Ed. Lecture
16-17 Term Exams Hubbard, G. P., and O'Brien, A. P. (2011). Money, banking, and the financial system. Pearson Higher Ed. Testing

Recommended or Required Reading
Textbook
Additional Resources