COURSE UNIT TITLE

: INTERNATIONAL MONETARY THEORY AND POLICY

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
IKT 5128 INTERNATIONAL MONETARY THEORY AND POLICY ELECTIVE 3 0 0 5

Offered By

Economics

Level of Course Unit

Second Cycle Programmes (Master's Degree)

Course Coordinator

PROFESSOR AYŞE DILEK SEYMEN

Offered to

Economics

Course Objective

It is aimed for students to learn theoretical knowledge and literature about main international monetary issues such as balance of payments and foreign exchange markets and to analyze Turkish economy and produce policy recommendations.

Learning Outcomes of the Course Unit

1   To be able to get theoretical knowledge and actual literature on balance of payments.
2   To be able to analyze Turkey's balance of payments.
3   To be able to produce alternative policy recommendations against Turkey's current account deficits.
4   To be able to get theoretical knowledge and actual literature on foreign exchange rate systems and exchange rates policies.
5   To be able to analyze foreign exchange rate crisis by considering foreign exchange rate systems and policies applied in both Turkey and the World.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Introduction and Discussion on The Method of The Course
2 Definition of Balance of Payments by considering main accounts Definition of Balance of Payments in accordance with The National Income Equation
3 Traditional and Dynamic Approaches in Balance of Payments
4 Nominal Exchange Rates, Purchasing Power Parity and Real Exchange Rates
5 Devaluation and Foreign Trade, J-Curve
6 Traditional and Dynamic Approaches as to Determining Exchange Rates
7 Foreign Exchange Rate Systems: Fixed Exchange Rates Systems, Flexible Exchange Rate Systems, Other Systems
8 Turkey s Balance of Payments
9 Current Account Deficit Problem (Midterm exam will be held in this week except the course hour)
10 Capital Flows in Turkey: Foreign Capital, Short-term Capital Flows
11 Exchange Rate Systems and Policies in Turkey
12 Money Substitution, Inflation, Seigniorage and Exchange Rates
13 Exchange Rates in Turkey, Interest Rates, Inflation, Current Account Deficit
14 Exchange Rate Crisis in both The World and Turkey

Recomended or Required Reading

Main Sources:
CAVES, Richard E., Jeffrey A. Frankel, Ronald W. Jones, World Trade and Payments, An Introduction, Harper Collins Publishers, Newyork 1990.
KRUGMAN, R.Paul, OBSTFELD Maurice, Marc J.Melitz, International Economics, Theory and Policy, Pearson, Ninth Edition, 2012.
YARBROUGH, B.V., YARBROUGH, R.M, The World Payment, Trade and Finance, 2003.
Other References:
CHACHOLIADES, Miltiades International Economics, McGraw-Hill International Editions, New York, 1990.
HABERLER, Gottfried Von, `Some Problems in the Pure Theory of International Trade , Economic Journal, 60, 1950.
MEADE , J. E., The Theory of International Economic Policy, Vol. I, Oxford Univercity Press, London, 1970.
SÖDERSTEN, Bo, Geoffrey Reed, International Economics, Third Edition, Macmillan, 1994.

Planned Learning Activities and Teaching Methods

Giving lecture, students'presentations, discussions as to students'research topics and analyzing the statistics and empirical papers as to the field.

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MTE MIDTERM EXAM
2 STT TERM WORK (SEMESTER)
3 FIN FINAL EXAM
4 FCG FINAL COURSE GRADE MTE * 0.30 + STT * 0.30 + FIN* 0.40
5 RST RESIT
6 FCGR FINAL COURSE GRADE (RESIT) MTE * 0.30 + STT * 0.30 + RST* 0.40


*** Resit Exam is Not Administered in Institutions Where Resit is not Applicable.

Further Notes About Assessment Methods

Students presentations and arguing given research projects.

Assessment Criteria

Students performance is measured with mid-term exam, final exam and their presentations.

Language of Instruction

Turkish

Course Policies and Rules

Attendance is compulsory and students are expected to attend discussions at the class.

Contact Details for the Lecturer(s)

dilek.seymen@deu.edu.tr, 02324204180-10622

Office Hours

Tuesdays, 14:00-17:00

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 14 3 42
Preparations before/after weekly lectures 13 3 39
Preparation for final exam 1 20 20
Preparation for midterm exam 1 10 10
Preparing assignments 1 15 15
Final 1 2 2
Midterm 1 2 2
TOTAL WORKLOAD (hours) 130

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9
LO.1344
LO.2442
LO.3435
LO.425
LO.5544

CONTACT INFORMATION
Dokuz Eylül Üniversitesi Cumhuriyet Bulvarı No: 144 35210 Alsancak / İZMİR
Phone: +90(232) 412 12 12 - Fax: +90 (232) 464 81 35

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