TÜRKÇE
ENGLISH
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 |
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 | ||