TÜRKÇE
ENGLISH
Information
| Code | IKS318 |
| Name | Monetary Theory |
| Term | 2023-2024 Academic Year |
| Semester | 6. Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 5 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | Türkçe |
| Level | Lisans Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. MUAMMER TEKEOĞLU |
| Course Instructor |
Prof. Dr. HAKKI ÇİFTÇİ
(A Group)
(Ins. in Charge)
|
Course Goal / Objective
The theory of money has gained importance in the 20th century and become a vital part of the Macroeconomics Theory. It is also the most complex part of the Macroeconomics Theory. The theory is shaped by Keynesian and Monetarist approaches and has not reached completeness yet. The course covers the arguments and analysis in this context. The student who wants to improve him/herself in the theory of money should also study finance and banking. The course covers the fundemantal connections between real monetary economic relationships.
Course Content
Theory of money, definitions for quantitiy of money, demand, supply, and policy for money, monetary schools
Course Precondition
Yok
Resources
Monetary Policy, Fatih Özatay, Monetary Economics
Notes
Osman Orhan, Seyfettin Erdoğan
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 | Gains 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 | Explains basic conceptual information about economy and finance | 5 |
| PLO02 | Bilgi - Kuramsal, Olgusal | interprets data from different sources using contemporary communication tools, methods and processes. | |
| PLO03 | Bilgi - Kuramsal, Olgusal | Having basic computer knowledge and skills, she uses this knowledge in the professional field | |
| PLO04 | Bilgi - Kuramsal, Olgusal | explain the duties and authorities of Public Financial Institutions. | 4 |
| PLO05 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Works effectively individually and/or in a team. | |
| PLO06 | Beceriler - Bilişsel, Uygulamalı | Synthesizes and effectively presents the information obtained from different sources within the framework of academic rules in the field of research. | 5 |
| PLO07 | Beceriler - Bilişsel, Uygulamalı | Being aware of the necessity of lifelong learning, she follows the current developments in her field. | |
| PLO08 | Beceriler - Bilişsel, Uygulamalı | Synthesizes the information obtained from different sources within the framework of academic rules. | 4 |
| PLO09 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Turkish and at least one foreign language is used in accordance with the needs of academic life and business life | |
| PLO10 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | explain the job descriptions of professional people. | |
| PLO11 | Yetkinlikler - Öğrenme Yetkinliği | Have social, scientific and ethical values. | 4 |
| PLO12 | Yetkinlikler - Öğrenme Yetkinliği | Apart from the traditional approach, it develops new working methods when it deems necessary. | |
| PLO13 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Expresses herself orally and in writing |
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 |
| 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, Tartışma |
| 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 | 3 | 42 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 3 | 42 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 0 | 0 | 0 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 12 | 12 |
| Final Exam | 1 | 18 | 18 |
| Total Workload (Hour) | 114 | ||
| Total Workload / 25 (h) | 4,56 | ||
| ECTS | 5 ECTS | ||