TÜRKÇE
ENGLISH
Information
| Unit | FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES |
| ECONOMETRICS PR. (ENGLISH) | |
| Code | ECOS312 |
| Name | Monetary Theory |
| Term | 2018-2019 Academic Year |
| Semester | 6. Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 7 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | İngilizce |
| Level | Lisans Dersi |
| Type | Normal |
| Label | E Elective |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Doç. Dr. ERHAN İŞCAN |
| Course Instructor |
Doç. Dr. ERHAN İŞCAN
(Bahar)
(A Group)
(Ins. in Charge)
|
Course Goal / Objective
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.
Course 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.
Course Precondition
Resources
Notes
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | On successful completion of this course, students are expected to have developed knowledge and understanding of Central Banking |
| LO02 | On successful completion of this course, students are expected to have developed knowledge and understanding of Monetary Policy Tools and Goals |
| LO03 | On successful completion of this course, students are expected to have developed knowledge and understanding of Money Supply |
| LO04 | On successful completion of this course, students are expected to have developed knowledge and understanding of Transmission mechanisms of monetary policy |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | - | Explains Econometric concepts | 0 |
| PLO02 | - | Acquires basic Mathematics, Statistics and Operation Research concepts | 0 |
| PLO03 | - | Equipped with the foundations of Economics, and develops Economic models | 5 |
| PLO04 | - | Describes the necessary concepts of Business | 0 |
| PLO05 | - | Models problems with Mathematics, Statistics, and Econometrics | 0 |
| PLO06 | - | Estimates the model consistently and analyzes & interprets its results | 0 |
| PLO07 | - | Acquires the ability to analyze, benchmark, evaluate and interpret at conceptual levels to develop solutions to problems | 0 |
| PLO08 | - | Collects, edits, and analyzes data | 0 |
| PLO09 | - | Uses a package program of Econometrics, Statistics, and Operation Research | 0 |
| PLO10 | - | Effectively works, take responsibility, and the leadership individually or as a member of a team | 0 |
| PLO11 | - | Awareness towards life-long learning and follow-up of the new information and knowledge in the field of study | 5 |
| PLO12 | - | 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 | 0 |
| PLO13 | - | Uses Turkish and at least one other foreign language, academically and in the business context | 0 |
| PLO14 | - | Good understanding, interpretation, efficient written and oral expression of the people involved | 0 |
| PLO15 | - | Improves his/herself constantly by defining educational requirements considering interests and talents in scientific, cultural, art and social fields besides career development | 0 |
| PLO16 | - | Questions traditional approaches and their implementation while developing alternative study programs when required | 0 |
| PLO17 | - | Recognizes and implements social, scientific, and professional ethic values | 0 |
| PLO18 | - | Follows actuality, and interprets the data about economic and social events | 5 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 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. | |
| 2 | Money and the Payments System | Hubbard, G. P., and O'Brien, A. P. (2011). Money, banking, and the financial system. Pearson Higher Ed. | |
| 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. | |
| 4 | Determining Interest Rates | Hubbard, G. P., and O'Brien, A. P. (2011). Money, banking, and the financial system. Pearson Higher Ed. | |
| 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. | |
| 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. | |
| 7 | Derivatives and Derivative Markets | Hubbard, G. P., and O'Brien, A. P. (2011). Money, banking, and the financial system. Pearson Higher Ed. | |
| 8 | Mid-Term Exam | Hubbard, G. P., and O'Brien, A. P. (2011). Money, banking, and the financial system. Pearson Higher Ed. | |
| 9 | The Market for Foreign Exchange | Hubbard, G. P., and O'Brien, A. P. (2011). Money, banking, and the financial system. Pearson Higher Ed. | |
| 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. | |
| 11 | The Economics of Banking | Hubbard, G. P., and O'Brien, A. P. (2011). Money, banking, and the financial system. Pearson Higher Ed. | |
| 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. | |
| 13 | Financial Crises and Financial Regulation | Hubbard, G. P., and O'Brien, A. P. (2011). Money, banking, and the financial system. Pearson Higher Ed. | |
| 14 | Monetary Policy | Hubbard, G. P., and O'Brien, A. P. (2011). Money, banking, and the financial system. Pearson Higher Ed. | |
| 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. | |
| 16 | Term Exams | Hubbard, G. P., and O'Brien, A. P. (2011). Money, banking, and the financial system. Pearson Higher Ed. | |
| 17 | Term Exams | Hubbard, G. P., and O'Brien, A. P. (2011). Money, banking, and the financial system. Pearson Higher Ed. |
Assessment (Exam) Methods and Criteria
| Assessment Type | Midterm / Year Impact | End of Term / End of Year Impact |
|---|---|---|
| 1. Midterm Exam | 100 | 40 |
| General Assessment | ||
| Midterm / Year Total | 100 | 40 |
| 1. Final Exam | - | 60 |
| Grand Total | - | 100 |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 3 | 42 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 6 | 84 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 0 | 0 | 0 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 18 | 18 |
| Final Exam | 1 | 30 | 30 |
| Total Workload (Hour) | 174 | ||
| Total Workload / 25 (h) | 6,96 | ||
| ECTS | 7 ECTS | ||