| Course Name | Code | Semester | T+U Hours | Credit | ECTS |
|---|---|---|---|---|---|
| Monetary Theory | IKT 539 | 0 | 3 + 0 | 3 | 6 |
| Precondition Courses | ABSENT |
| Recommended Optional Courses | |
| Course Language | Turkish |
| Course Level | yuksek_lisans |
| Course Type | Optional |
| Course Coordinator | Dr.Öğr.Üyesi ŞÜKRÜ CİCİOĞLU |
| Course Lecturers | |
| Course Assistants | Research Asist. Nurullah Altıntas |
| Course Category | |
| Course Objective | The goal of this course is to explain the meaning of money and to explore the relationship among money, the market and the state. In addition to this aim, this course is planning to focus on central banking and alternative monetary regimes. |
| Course Content | This course covers the topic of the meaning of money, the value of money, and money and information. Also, political business cycles and discretionary and rules polcies are inclueded in this course. |
| # | Course Learning Outcomes | Teaching Methods | Assessment Methods |
|---|---|---|---|
| 1 | Know the meaning of money; | Lecture, Question-Answer, Discussion, Case Study, | Testing, Oral Exam, Homework, |
| 2 | Evaluate the relationship among money, the market, and the state; | Discussion, Brain Storming, Case Study, Lecture, Question-Answer, | Testing, Homework, Performance Task, |
| 3 | Describe central banking; | Lecture, Question-Answer, Discussion, Brain Storming, Case Study, | Testing, Homework, Performance Task, |
| 4 | Describe alternative monetary regimes; | Lecture, Question-Answer, Discussion, Brain Storming, | Testing, Oral Exam, Homework, Performance Task, |
| 5 | Analysis alternative policy rule; | Lecture, Question-Answer, Discussion, Role Playing, Simulation, | Testing, Oral Exam, Homework, Performance Task, |
| 6 | Apply Eviews | Lecture, Question-Answer, Discussion, Group Study, Brain Storming, | Testing, Homework, Project / Design, Performance Task, |
| 7 | Explain inside and outside money; | Question-Answer, Discussion, Simulation, Brain Storming, Lecture, | Testing, Homework, Performance Task, |
| 8 | Explain the value of money; | Lecture, Question-Answer, Discussion, Role Playing, Group Study, Brain Storming, | Testing, Oral Exam, Homework, Performance Task, |
| 9 | Compare economic approach. | Lecture, Question-Answer, Discussion, Role Playing, Brain Storming, | Testing, Oral Exam, Homework, Performance Task, |
| 10 | Accept that money affect economy |
| Week | Course Topics | Preliminary Preparation |
|---|---|---|
| 1 | The meaning of money | Mises, "The Theory of Money and Credit (1-4 ünite) ve Menger (1892) |
| 2 | The value of money | Mises, "The Theory of Money and Credit (4-7 ünite |
| 3 | Monay and information | Kocherlakota (1998) ve (2002) |
| 4 | Money, the market, and the state | Wray (2004) makalesi, Rothbard (1990) |
| 5 | Should government play a role in banking? | White (1999) (ünite 5), Rothbard (1990), White ve Boudreaux (1998 makalesi) |
| 6 | Models for central bank behavior: Seignorage | Click (1998) |
| 7 | Political business cycles | Nordhaus ve diğ. (1989) makalesi ve White (1999) (ünite 9) |
| 8 | Midterm Exam | |
| 9 | Discretiona and time-inconsistency | Kydland ve Prescott (1977) makalesi ve White (1999) (ünite 10) |
| 10 | Alternative monetary regimes | White (1999) (ünite 11) |
| 11 | Private fiat-type money | White (1999) (ünite 12) ve Hayek (1977) makalesi |
| 12 | Competitive payments with a multi-commodity standard | White (1999) (ünite 13) |
| 13 | Inside and outside money | Cavalcanti (1999) |
| 14 | Eviews application | Lecture notes |
| Resources | |
|---|---|
| Course Notes | Abovementioned parts of books and lecture notes |
| Course Resources | 1. Lawrence H. White, The Theory of Monetary Institutions (Oxford: Blackwell, 1999) 2. Vera C. Smith, The rationale of Central Banking (Indianapolis: Liberty Press, 1990). 3. Ludwig von Mises, The Theory of Money and Credit, A liberty Classic Edition, 1980. 4. Murray N. Rothbard, What Has Government Done to Our Money, Ludwig von Mises Institute, 1990. 5. Relevant articals |
| Order | Program Outcomes | Level of Contribution | |||||
|---|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | |||
| 1 | they constitute an idea in economic subjects analitically and advocacy this idea coherent and critique the ideas constituted by others | X | |||||
| 1 | they constitute an idea in economic subjects analitically and advocacy this idea coherent and critique the ideas constituted by others | X | |||||
| 2 | They have perfect knowledge They have perfect knowledge about general microeconomic theory through numeric and graphical methods | X | |||||
| 2 | They have perfect knowledge They have perfect knowledge about general microeconomic theory through numeric and graphical methods | X | |||||
| 3 | They have perfect knowledge about general macroeconomic theory through numeric and graphical methods | X | |||||
| 3 | They have perfect knowledge about general macroeconomic theory through numeric and graphical methods | X | |||||
| 4 | They know econometricThey have perfect knowledge about international trade theory through numeric | X | |||||
| 4 | They know econometricThey have perfect knowledge about international trade theory through numeric | X | |||||
| 5 | They know econometric theories and have ability to solve economic problems by using these theories | X | |||||
| 5 | They know econometric theories and have ability to solve economic problems by using these theories | X | |||||
| 6 | They make academic studies when needed to economic perspective | X | |||||
| 6 | They make academic studies when needed to economic perspective | X | |||||
| 7 | They are specialists at some of theese areas:public economics, industrial economics,money and banking economics, environment and natural sources economics, labour economics, knowledge and property economics, international trade and finance economics, economic growth and development | X | |||||
| 7 | They are specialists at some of theese areas:public economics, industrial economics,money and banking economics, environment and natural sources economics, labour economics, knowledge and property economics, international trade and finance economics, economic growth and development | X | |||||
| 8 | they have ability of translation at language orally and written | X | |||||
| 8 | they have ability of translation at language orally and written | X | |||||
| 9 | they use basic computer programs helping to make economic analysis | X | |||||
| 9 | they use basic computer programs helping to make economic analysis | X | |||||
| 10 | they have proffecional, social and scientific etic value | X | |||||
| 10 | they have proffecional, social and scientific etic value | X | |||||
| Evaluation System | |
|---|---|
| Semester Studies | Contribution Rate |
| 1. Ödev | 100 |
| Total | 100 |
| 1. Yıl İçinin Başarıya | 20 |
| 1. Final | 80 |
| Total | 100 |
| ECTS - Workload Activity | Quantity | Time (Hours) | Total Workload (Hours) |
|---|---|---|---|
| Course Duration (Including the exam week: 16x Total course hours) | 16 | 3 | 48 |
| Hours for off-the-classroom study (Pre-study, practice) | 16 | 4 | 64 |
| Mid-terms | 1 | 10 | 10 |
| Quiz | 2 | 5 | 10 |
| Assignment | 1 | 5 | 5 |
| Oral Examination | 1 | 3 | 3 |
| Performance Task (Laboratory) | 1 | 10 | 10 |
| Total Workload | 150 | ||
| Total Workload / 25 (Hours) | 6 | ||
| dersAKTSKredisi | 6 | ||