TÜRKÇE
ENGLISH
Information
| Code | IKZ304 |
| Name | Monetary Theory |
| Term | 2022-2023 Academic Year |
| Semester | 6. Semester |
| Duration (T+A) | 4-0 (T-A) (17 Week) |
| ECTS | 7 ECTS |
| National Credit | 4 National Credit |
| Teaching Language | Türkçe |
| Level | Lisans Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. MEHMET FATİH CİN |
| Course Instructor |
Prof. Dr. MEHMET FATİH CİN
(A Group)
(Ins. in Charge)
|
Course Goal / Objective
The aim of this course is to explain the theoretical basis of monetary theory and policies, to inform the students about the monetary policies applied, to explain the Central Bank policy, to provide the necessary information to enable them to understand the current texts about money.
Course Content
Theory of money, definitions for quantitiy of money, demand, supply, and policy for money, monetary schools, central banking
Course Precondition
There are no course prerequisites.
Resources
Monetary Economics by Jagdish Handa
Notes
Monetary Economics by Jagdish Handa
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Understands monetary framework of macroeconomics |
| LO02 | Comprehends the importance of stability in the macro-monetary framework |
| LO03 | Analyzes the causes of monetary crisis and the usefulness |
| LO04 | Analyzes the economic effects of monetary policy instruments |
| LO05 | Learn the functioning of the Central Bank Balance Sheet |
| LO06 | Have knowledge about the monetary policy strategies applied in various periods in the Turkish economy. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Explain the importance of demand and supply in economy science and the well-running conditions of the market economy | 5 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Define the role of pricing within the event advantage of the market economy. | 4 |
| PLO03 | Bilgi - Kuramsal, Olgusal | Define the role of the state in economy, money and financial policies, the central bank and the structure of the market. | 5 |
| PLO04 | Bilgi - Kuramsal, Olgusal | Perceive the costs and benefits arising from the global economy | 5 |
| PLO05 | Bilgi - Kuramsal, Olgusal | Produce numerical and policy options when confronted with problems. | 5 |
| PLO06 | Bilgi - Kuramsal, Olgusal | Use quantitative and qualitative techniques of model building, decoding and interpretation. | |
| PLO07 | Beceriler - Bilişsel, Uygulamalı | Use the theory of economics in the analysis of economic events. | 5 |
| PLO08 | Beceriler - Bilişsel, Uygulamalı | Use computer programs, do synthesis and present prepared data efficiently. | |
| PLO09 | Beceriler - Bilişsel, Uygulamalı | Apply the methods of economic analysis. | 4 |
| PLO10 | Bilgi - Kuramsal, Olgusal | Analyze at conceptual level and acquires ability in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems | |
| PLO11 | Beceriler - Bilişsel, Uygulamalı | Use of different sources about an unfamiliar field within academic principles, synthesize gained data and presents effectively. | |
| PLO12 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Take responsibility individually and / or in a team, take leadership and work effectively. | |
| PLO13 | Yetkinlikler - Öğrenme Yetkinliği | Follow innovative developments in the field being aware of the necessity of lifelong learning and improving him-/herself.. | |
| PLO14 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Use Turkish and at least one foreign language in accordance with the requirements of academic and work life. | |
| PLO15 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Understand and interpret related people´s feelings, thoughts, and behaviours correctly; expresse him-/herself accurately in written and oral language. | |
| PLO16 | Yetkinlikler - Alana Özgü Yetkinlik | Question traditional approaches, practices and methods. | 4 |
| PLO17 | Yetkinlikler - Alana Özgü Yetkinlik | Recognize and apply social, scientific and professional ethical values. | 4 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Explanation of the theory of money and money policy, functions and properties of money | Students will read the relevant sections of the books by topics. | Öğretim Yöntemleri: Anlatım |
| 2 | Definitions for quantity of money, liquidity and loan | Students will read the relevant sections of the books by topics. | Öğretim Yöntemleri: Anlatım |
| 3 | Regimes of money and basic principles, the position of the monetary part in the financial system | Students will read the relevant sections of the books by topics. | Öğretim Yöntemleri: Anlatım |
| 4 | The theory of the demand for money | Students will read the relevant sections of the books by topics. | Öğretim Yöntemleri: Anlatım |
| 5 | The theory of money supply | Students will read the relevant sections of the books by topics. | Öğretim Yöntemleri: Anlatım |
| 6 | The theory of interest, balance of payments and quantity of money | Students will read the relevant sections of the books by topics. | Öğretim Yöntemleri: Anlatım |
| 7 | Money policy | Students will read the relevant sections of the books by topics. | Öğretim Yöntemleri: Anlatım, Tartışma |
| 8 | Mid-Term Exam | prepare to exam | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Money policy (Cont.) | Students will read the relevant sections of the books by topics. | Öğretim Yöntemleri: Anlatım |
| 10 | Monetary analysis in neo-classical approach, Keynes and Keynesian Money Policy | Students will read the relevant sections of the books by topics. | Öğretim Yöntemleri: Anlatım |
| 11 | Reactions for Keynesian aproaches and neo-classical synthesis | Students will read the relevant sections of the books by topics. | Öğretim Yöntemleri: Anlatım |
| 12 | General disequilibrium approach, Moneray approach | Students will read the relevant sections of the books by topics. | Öğretim Yöntemleri: Anlatım |
| 13 | Moneray approach (cont), New classical economics | Students will read the relevant sections of the books by topics. | Öğretim Yöntemleri: Anlatım |
| 14 | New Keynesians, Austrian School | Students will read the relevant sections of the books by topics. | Öğretim Yöntemleri: Anlatım |
| 15 | Inflation theories | Students will read the relevant sections of the books by topics. | Öğretim Yöntemleri: Anlatım |
| 16 | Review | prepare to exam | Öğretim Yöntemleri: Anlatım |
| 17 | Term Exams | prepare to exam | Ölçme Yöntemleri: Yazılı Sınav |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 4 | 56 |
| 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 | 8 | 8 |
| Final Exam | 1 | 16 | 16 |
| Total Workload (Hour) | 164 | ||
| Total Workload / 25 (h) | 6,56 | ||
| ECTS | 7 ECTS | ||