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Information
| Unit | FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES |
| ECONOMETRICS PR. | |
| Code | IKS310 |
| Name | Monetary Theory |
| Term | 2019-2020 Academic Year |
| Semester | 6. Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 7 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | Türkçe |
| Level | Lisans Dersi |
| Type | Normal |
| Label | E Elective |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Doç. Dr. ERHAN İŞCAN |
| Course Instructor |
Prof. Dr. HAKKI ÇİFTÇİ
(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 | Knows the definiton of money |
| LO02 | Know the historical development of money |
| LO03 | Know the historical development of money |
| LO04 | Know the tools and aims of monetary policy |
| LO05 | Can understand the applications of monetary policy |
| LO06 | They can discuss the monetary policy being implemented in Turkey's economy |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | - | Explains Econometric concepts | 5 |
| 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 himself/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 | Overview of the financial system | Mishkin, F. S. (2000). Para teorisi-politikası. Çev. İlyas Şıklar ve diğerleri). İstanbul: Bilim Teknik Yayınevi. | |
| 2 | Money Demand | Mishkin, F. S. (2000). Para teorisi-politikası. Çev. İlyas Şıklar ve diğerleri). İstanbul: Bilim Teknik Yayınevi. | |
| 3 | Money Supply | Mishkin, F. S. (2000). Para teorisi-politikası. Çev. İlyas Şıklar ve diğerleri). İstanbul: Bilim Teknik Yayınevi. | |
| 4 | Determining the interest rates | Mishkin, F. S. (2000). Para teorisi-politikası. Çev. İlyas Şıklar ve diğerleri). İstanbul: Bilim Teknik Yayınevi. | |
| 5 | determining the exchange rate | Mishkin, F. S. (2000). Para teorisi-politikası. Çev. İlyas Şıklar ve diğerleri). İstanbul: Bilim Teknik Yayınevi. | |
| 6 | Equilibrium of the economy | Mishkin, F. S. (2000). Para teorisi-politikası. Çev. İlyas Şıklar ve diğerleri). İstanbul: Bilim Teknik Yayınevi. | |
| 7 | monetary Transfer mechanisms | Mishkin, F. S. (2000). Para teorisi-politikası. Çev. İlyas Şıklar ve diğerleri). İstanbul: Bilim Teknik Yayınevi. | |
| 8 | Mid-Term Exam | Mishkin, F. S. (2000). Para teorisi-politikası. Çev. İlyas Şıklar ve diğerleri). İstanbul: Bilim Teknik Yayınevi. | |
| 9 | reasons of the inflation | Mishkin, F. S. (2000). Para teorisi-politikası. Çev. İlyas Şıklar ve diğerleri). İstanbul: Bilim Teknik Yayınevi. | |
| 10 | aims of the monetary policy | Mishkin, F. S. (2000). Para teorisi-politikası. Çev. İlyas Şıklar ve diğerleri). İstanbul: Bilim Teknik Yayınevi. | |
| 11 | Independency of the Central Banks | Mishkin, F. S. (2000). Para teorisi-politikası. Çev. İlyas Şıklar ve diğerleri). İstanbul: Bilim Teknik Yayınevi. | |
| 12 | interaction of the monetary policy and fiscal policy | Mishkin, F. S. (2000). Para teorisi-politikası. Çev. İlyas Şıklar ve diğerleri). İstanbul: Bilim Teknik Yayınevi. | |
| 13 | Monetary policy regimes | Mishkin, F. S. (2000). Para teorisi-politikası. Çev. İlyas Şıklar ve diğerleri). İstanbul: Bilim Teknik Yayınevi. | |
| 14 | Monetary policy regimes | Mishkin, F. S. (2000). Para teorisi-politikası. Çev. İlyas Şıklar ve diğerleri). İstanbul: Bilim Teknik Yayınevi. | |
| 15 | tools of the monetary policy | Mishkin, F. S. (2000). Para teorisi-politikası. Çev. İlyas Şıklar ve diğerleri). İstanbul: Bilim Teknik Yayınevi. | |
| 16 | Term Exams | Mishkin, F. S. (2000). Para teorisi-politikası. Çev. İlyas Şıklar ve diğerleri). İstanbul: Bilim Teknik Yayınevi. | |
| 17 | Term Exams | Mishkin, F. S. (2000). Para teorisi-politikası. Çev. İlyas Şıklar ve diğerleri). İstanbul: Bilim Teknik Yayınevi. |
Assessment (Exam) Methods and Criteria
| Assessment Type | Midterm / Year Impact | End of Term / End of Year Impact |
|---|---|---|
| 1. Midterm Exam | 100 | 20 |
| General Assessment | ||
| Midterm / Year Total | 100 | 20 |
| 1. Final Exam | - | 80 |
| 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 | 5 | 70 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 2 | 5 | 10 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 18 | 18 |
| Final Exam | 1 | 30 | 30 |
| Total Workload (Hour) | 170 | ||
| Total Workload / 25 (h) | 6,80 | ||
| ECTS | 7 ECTS | ||