| Ders Adı | Kodu | Yarıyıl | T+U Saat | Kredi | AKTS |
|---|---|---|---|---|---|
| Monetary Polıcy | UFI 520 | 0 | 3 + 0 | 3 | 7 |
| Ön Koşul Dersleri | |
| Önerilen Seçmeli Dersler | |
| Dersin Dili | Türkçe |
| Dersin Seviyesi | YUKSEK_LISANS |
| Dersin Türü | Seçmeli |
| Dersin Koordinatörü | Prof.Dr. MUSTAFA ÇALIŞIR |
| Dersi Verenler | |
| Dersin Yardımcıları | Research Assistants of the department |
| Dersin Kategorisi | Diğer |
| Dersin Amacı | The goal of this course is to introduce monetary policy instruments and to understand the role of monetary policy in economic and financial crises. |
| Dersin İçeriği | 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. |
| # | Ders Öğrenme Çıktıları | Öğretim Yöntemleri | Ölçme Yöntemleri |
|---|---|---|---|
| 1 | Explain the goal of monetary policy; | Lecture, Question-Answer, Discussion, Drilland Practice, Self Study, | Testing, Homework, |
| 2 | Discuss the instruments and efficiency of monetary policy; | Lecture, Question-Answer, Discussion, Drilland Practice, Self Study, | 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, Drilland Practice, Self Study, | Testing, Oral Exam, Homework, |
| 5 | Discuss fiscal and monetary policy interaction; | Lecture, Question-Answer, Discussion, Drilland Practice, Self Study, | Testing, Oral Exam, Homework, |
| 6 | Evaluate the role of monetary policy in economic crises; | Lecture, Question-Answer, Discussion, Drilland Practice, Self Study, | Testing, Homework, |
| 7 | Describe issues in monetary policy; | Lecture, Question-Answer, Discussion, Drilland Practice, Self Study, | Testing, Oral Exam, Homework, |
| 8 | Use Eviews programme; | Lecture, Question-Answer, Discussion, Drilland Practice, Self Study, | Testing, Homework, |
| 9 | Make comments on Turkish and world economy; | Lecture, Question-Answer, Discussion, Simulation, Self Study, Problem Solving, | Testing, Homework, |
| 10 | Discuss central banking. | Lecture, Question-Answer, Discussion, Drilland Practice, Group Study, Problem Solving, | Testing, Homework, |
| Hafta | Ders Konuları | Ön Hazırlık |
|---|---|---|
| 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 | Sekmen (2012) ve Michael (2003) |
| 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 | Lecture notes |
| 14 | Paractice with Eviews and project writing | Lecture notes |
| Kaynaklar | |
|---|---|
| Ders Notu | Lecture Notes and Book Chapter |
| Ders Kaynakları | 1.Fuat sekmen, Para teorisi, Seçkin, 2012 2.Fatih Özatay, Parasal İktisat, Efil, 2011. 3.Nur Keyder, Para Teori Politika Uygulama. 4.Frederic S. Mishkin, The Economics of Money Banking and Financial Markets, Addison- Wesley, Fifth edition, 2006 5.Bain, Keith. Monetary Economics: Policy and Its Theoretical Basis, Gordonsville, Va, USA: Palgrave Macmillan,2003. 6.Miller ve VanHoose (2006, Money, Banking and Financial Markets, South-Western. |
| Sıra | Program Çıktıları | Katkı Düzeyi | |||||
|---|---|---|---|---|---|---|---|
| 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 knowledge about the microeconomic theory, financial economic and macroeconomics with numerical and graphical methods | X | |||||
| 3 | They know econometric theories and have ability to solve economic problems by using these theories | X | |||||
| 4 | X | ||||||
| 5 | 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 | |||||
| 6 | they use basic computer programs helping to make economic analysis | X | |||||
| 7 | they have proffecional, social and scientific etic value | X | |||||
| Değerlendirme Sistemi | |
|---|---|
| Yarıyıl Çalışmaları | Katkı Oranı |
| 1. Ödev | 100 |
| Toplam | 100 |
| 1. Yıl İçinin Başarıya | 20 |
| 1. Final | 80 |
| Toplam | 100 |
| AKTS - İş Yükü Etkinlik | Sayı | Süre (Saat) | Toplam İş Yükü (Saat) |
|---|---|---|---|
| Course Duration (Including the exam week: 16x Total course hours) | 16 | 5 | 80 |
| Hours for off-the-classroom study (Pre-study, practice) | 16 | 5 | 80 |
| Mid-terms | 1 | 4 | 4 |
| Quiz | 1 | 6 | 6 |
| Final examination | 1 | 5 | 5 |
| Toplam İş Yükü | 175 | ||
| Toplam İş Yükü / 25 (Saat) | 7 | ||
| Dersin AKTS Kredisi | 7 | ||