Course Name Code Semester T+U Hours Credit ECTS
Monetary Economics IKT 548 0 3 + 0 3 6
Precondition Courses ABSENT
Recommended Optional Courses
Course Language Turkish
Course Level yuksek_lisans
Course Type Optional
Course Coordinator Prof.Dr. FUAT SEKMEN
Course Lecturers
Course Assistants Res.Assist. Nurullah Altıntaş
Course Category
Course Objective The goal of this course is to introduce monetary policy instruments and to understand the role of monetary policy in economic and financial crises.
Course Content This course covers some topics in monetary policy, such as monetary policy instruments, rational expectations and monetary neutrality, and central bak independency. Issues in monetary policy section includes inflation targeting, monetary targeting and exchange rate targeting. The role of monetary policy in economic and financial crises is another topic in this course. Eviews application is an importand part of this course.
# Course Learning Outcomes Teaching Methods Assessment Methods
1 Explain the goal of monetary policy; Lecture, Question-Answer, Discussion, Drilland Practice, Self Study, Testing, Oral Exam, Homework,
2 Discuss the instruments and efficiency of monetary policy; Lecture, Question-Answer, Discussion, Drilland Practice, Problem Solving, Testing, Oral Exam, Homework,
3 Compare monetary policy regimes; Lecture, Question-Answer, Discussion, Drilland Practice, Problem Solving, Testing, Oral Exam, Homework,
4 Evaluate and exchange rate theories; Lecture, Question-Answer, Discussion, Self Study, Testing, Oral Exam, Homework,
5 Discuss fiscal and monetary policy interaction; Lecture, Question-Answer, Discussion, Self Study, Testing, Oral Exam, Homework,
6 Evaluate the role of monetary policy in economic crises; Lecture, Question-Answer, Discussion, Self Study, Testing, Oral Exam, Homework,
7 Describe issues in monetary policy; Lecture, Question-Answer, Discussion, Role Playing, Simulation, Brain Storming, Problem Solving, Testing, Oral Exam, Homework, Performance Task,
8 Use Eviews programme; Lecture, Question-Answer, Discussion, Drilland Practice, Brain Storming, Case Study, Problem Solving, Testing, Homework, Performance Task,
9 Make comments on Turkish and world economy; Lecture, Question-Answer, Discussion, Simulation, Brain Storming, Case Study, Lab / Workshop, Testing, Oral Exam, Homework, Performance Task,
10 Discuss central banking. Lecture, Question-Answer, Discussion, Group Study, Brain Storming, Self Study, Testing, Oral Exam, Homework, Performance Task,
Week Course Topics Preliminary Preparation
1 Monetary policy´s aim and instruments Fatih Özatay (2011) Part 1
2 Monetary policy theory and efficiency discussions Sekmen (2012), Bain (2003) Bölüm 9 ve Mishkin (2007)
3 Rational expectations and money neutrality Barro (1976) makalesi ve Barro ve Fisher (1973) makalesi
4 Issues in monetary policy: Monetary transmission mechanism McCallum (1989) ve Sekmen (2012) ve makaleler
5 b) Central bank independency and monetary policy Sekmen (2012), Özatay (2011) ve makaleler
6 c) Open economy monetary policy and exchange rate dynamics Sekmen (2012) ve Michael (2003)
7 d) Inflation targeting, monetary targeting, and exchange rate targeting
8 Midterm Exam
9 e) The transmission mechanism of monetary policy Fatih Özatay (2011) ve LeRoy ve VanHoose (2006)
10 Financial stability, the theory of financail crises and monetary policy Bain (2003) Bölüm 10, Fatih Özatay (2011) Bölüm 16
11 Currency substitution: reasons, effects, measurement and monetary policy Sekmen (2012) ve Mishkin (2007)
12 Introduction to Eviews and analysis with real data Lecture notes
13 Money and banking in Turkey Articles
14 Paractice with Eviews and project writing Lecture notes
Resources
Course Notes
Course Resources
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
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
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
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
8 they have ability of translation at language orally and written X
9 they use basic computer programs helping to make economic analysis X
10 they have proffecional, social and scientific etic value X
Evaluation System
Semester Studies Contribution Rate
1. Ara Sınav 50
1. Ödev 25
2. Ödev 25
Total 100
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 3 48
Hours for off-the-classroom study (Pre-study, practice) 16 4 64
Mid-terms 1 4 4
Quiz 1 5 5
Assignment 2 5 10
Oral Examination 1 5 5
Performance Task (Laboratory) 1 5 5
Total Workload 141
Total Workload / 25 (Hours) 5.64
dersAKTSKredisi 6