ECOZ304 Monetary Theory

7 ECTS - 4-0 Duration (T+A)- 6. Semester- 4 National Credit

Information

Code ECOZ304
Name Monetary Theory
Term 2024-2025 Academic Year
Semester 6. Semester
Duration (T+A) 4-0 (T-A) (17 Week)
ECTS 7 ECTS
National Credit 4 National Credit
Teaching Language İngilizce
Level Lisans Dersi
Type Normal
Mode of study Yüz Yüze Öğretim
Catalog Information Coordinator Prof. Dr. MUAMMER TEKEOĞLU
Course Instructor
1 2
Dr. Öğr. Üyesi İpek TEKİN (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

There are no prerequisites.

Resources

The Economics of Money Banking, and Financial Markets- Frederic S. Mishkin

Notes

Macroeconomics-Olivier Blanchard, Seventh Edition (Chapter 4, 5, 6, 17) CBRT (Central Bank of Turkey – www.tcmb.gov.tr) Blog, Reports, Statistics


Course Learning Outcomes

Order Course Learning Outcomes
LO01 Understands monetary frameworkd 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 Learns the functioning of the Central Bank.


Relation with Program Learning Outcome

Order Type Program Learning Outcomes Level
PLO01 Bilgi - Kuramsal, Olgusal Explain the importance of demand and supply in economy sciece and the well-running conditions of the market economy 4
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
PLO05 Bilgi - Kuramsal, Olgusal Produce nymerical and policy options when confronted with problems 3
PLO06 Bilgi - Kuramsal, Olgusal Use quantitative and qualitative techniques of model building, decoding and interpretation
PLO07 Bilgi - Kuramsal, Olgusal Use the theory of economics in the analysis of economic events 4
PLO08 Bilgi - Kuramsal, Olgusal Use computer programs, do synthesis and present prepared data efficiently
PLO09 Bilgi - Kuramsal, Olgusal Apply the methods of economic analysis. 4
PLO10 Bilgi - Kuramsal, Olgusal Analyze at conceptual level and aquire abiliy in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems 3
PLO11 Bilgi - Kuramsal, Olgusal Take responsibility individually and/or in a team, take leadership and work effectively
PLO12 Beceriler - Bilişsel, Uygulamalı Follow innovative developments in the field being aware of the necessity of lifelong learning and improving him-/herself
PLO13 Beceriler - Bilişsel, Uygulamalı Use of different sources about an unfamiliar field within academic principles, synthesize gained data and present effectively
PLO14 Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği Use Turkish and at least one foreign language in accordance with the requirements of academic and work life
PLO15 Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği Understand and interpret related peoples´ feelings, thoughts and behaviours correctly; express him-/herself accurately in written and oral language 3
PLO16 Yetkinlikler - Öğrenme Yetkinliği Question traditional approaches, practices and methods.
PLO17 Yetkinlikler - Öğrenme Yetkinliği Recognize and apply social, scientific and professional ethical values.


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 Term Exams prepare to exam Öğretim Yöntemleri:
Alıştırma ve Uygulama
17 Term Exams-2 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

Update Time: 07.05.2024 02:25