Course Name Code Semester T+U Hours Credit ECTS
Monetary Theory and Policy IKT 308 6 4 + 0 4 5
Precondition Courses
Recommended Optional Courses
Course Language Turkish
Course Level Bachelor's Degree
Course Type Compulsory
Course Coordinator Prof.Dr. FUAT SEKMEN
Course Lecturers Prof.Dr. FUAT SEKMEN,
Course Assistants Research assistants
Course Category
Course Objective Thic course begins from money and basic concepts. After considering money demand, money supply,and interest rates, this course covers analysis of the exchange rate determination. In the section of open economy, the monetary transmission mechanism is emphasized focusion on different approaches.
Course Content In this course, money demand, money supply, actual issues in monetary economics,examination of Classical and Keynesian models about Money and production, analyze of alternative policy rules, banking crisis, time inconsistency and inflation targeting, monetary union, discussion of open economy and monetary policy in international dimension, examination of big and small countries and exchange rates are elaborately dwelt on.
# Course Learning Outcomes Teaching Methods Assessment Methods
1 Knows the basic concepts related to money. , , , , , , , , , , , ,
2 Evaluates money demand and money supply. , , , , , , , , , , , ,
3 Understands interest rates. , , , , , , , , , , ,
4 Distinguishes money from prices , , , , , , , , , ,
5 Explains the conceptes of balance , , , , , , , , , , , , ,
6 Compares different approaches to exchange rate determination , , , , , , , , , ,
7 Analyzes monetarist and portfolio approaches. , , , , , , , , , , , ,
8 Having needed information about real interest rate and fiscal policy , , , , , , , , , , ,
9 Distinguishes monetary theory and monetary policy , , , , , , , , , , ,
10 Analyzes monetary policy channels , , , , , , , , , , ,
11 Explains the monetary instability problem , , , , , , , , , , , ,
12 Defines open economy. , , , , , , , , , , , ,
13 Explains the relationship between inflation and monetary policy , , , , , , , , , , , ,
14 Evaluates relationship between money and public finance , , , , , , , , , , , , ,
15 Analyzes inflation and monetary policy in Turkey.
Week Course Topics Preliminary Preparation
1 Money and Basic Concepts
2 Money Demand-Money Supply
3 Interest Theory / Classical Money Theory and Critiques
4 Money, Exchange Rate and Prices
5 External Balance and Real Exchange Rate
6 Different Approaches to Exchange Rate Determination: External Balance and Mundell-Fleming Model
7 Monetarist and Portfolia Approach to Exchange Rate Determination
8 Real Interest Rate Differential and Fiscal Policy Approach
9 Monetary Policy
10 Monetary Policy Channels
11 Monetary Instability Problem and Alternative Policy Rules
12 Open Economy and The Effects of Monetary Policy
13 Money and Public Finance: Inflationary Monetary Policy
14 Eviews application and project writing
Resources
Course Notes
Course Resources
Order Program Outcomes Level of Contribution
1 2 3 4 5
1 The students are gained the ability to look at the problems of daily life from a broader perspective. They gain the needed skills not only to understand the economic problems but also to construct a model and defend in meaningful way. X
2 They have knowledge about the microeconomic theory. X
3 They have knowledge about the macroeconomic theory. X
4 They have knowledge about the international economic theory. X
5 They have ability to use mathematical and statistical methods.
6 They have ability to utilize fundamental econometric theories to provide economic problems.
7 They are intended to be expert in one of non departmental fields that they choose from the list of marketing, management, human resources management, corporate finance, public administration, and tourism management.
8 They are intended to be expert in one of departmental fields that they choose from the list of public finance, agricultural, environmental, natural resources, labor economics, economics of industrial organization, economics of property rights, international finance, money and banking, economic growth and development.
9 They have necessary knowledge of law and related skills that needed in both public and private sector. X
10 They have necessary accountancy skills that needed in both public and private sector. X
11 They have written and oral communication skills in a foreign language as well as in their native language. X
12 They know how to use computer programs in both daily office usage and statistical data evaluations. X
Evaluation System
Semester Studies Contribution Rate
1. Ödev 20
Total 20
1. Yıl İçinin Başarıya 50
1. Final 50
Total 100
ECTS - Workload Activity Quantity Time (Hours) Total Workload (Hours)
Course Duration (Including the exam week: 16x Total course hours) 16 4 64
Hours for off-the-classroom study (Pre-study, practice) 16 3 48
Mid-terms 1 10 10
Quiz 2 10 20
Assignment 1 10 10
Total Workload 152
Total Workload / 25 (Hours) 6.08
dersAKTSKredisi 5