COURSE UNIT TITLE

: MONETARY THEORY AND POLICY

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
FIB 5003 MONETARY THEORY AND POLICY ELECTIVE 3 0 0 6

Offered By

Financial Economics and Banking

Level of Course Unit

Second Cycle Programmes (Master's Degree)

Course Coordinator

ASSISTANT PROFESSOR AYLIN ABUK DUYGULU

Offered to

Financial Economics and Banking

Course Objective

Establishing basic discussion related with monetary facts and events and analysing latest actual developments and to discuss current economic problems and their monetary dimensions the context of the theory and practice results .

Learning Outcomes of the Course Unit

1   To be able to understand that money is economic, political and social fact.
2   To be able to explain that the different schools of economic has different aspect about money.
3   To be able to put forward differences of monetary strategies based on monetary policy.
4   To be able to analyse relationship between monetary policy instruments and aims of monetary policy.
5   To be able to evaluate critacally recent development at monetary policy of Turkey.
6   To be able to realize that importance and palce monetary fact and events in the economy.
7   To be able to make a academic presantation related with courses.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Conceptual discussion related with money: basic concepts and basic definations
2 Classical, Neoclassical,Keynesiyan Economic and Money
3 Monetarist Economic and New Clasical Economic and Money
4 Post Keynesian Economic and Money
5 Post Keynesian Economic and Crisis
6 Marxist Economic ve Money
7 Monetary Policy Theory
8 Rules at Practical Monetary Policy
9 MID EXAMS
10 Time-inconsistency at monetary policy an reliability problem
11 The Central Bank as a monetary authority
12 Aims, Instruments and goals of monetary policy
13 Monetary Transmision Mechanism and Targeting Stratejies
14 Evaluating aplied latest term monetary policy in Turkey

Recomended or Required Reading

Keith Bain and Peter Howells (2003), Monetary Economics:policy and its Theoretical Basis,Palgrave-MacMillan, 1. ve 2. bölümler (sayfa:1-46).
-Peter Bofinger (2001), Monetary Policy, Goals, Institutions, Strategies, and Instruments, Oxford University Press, 1.bölüm içinde 1. kısım (sayfa:3-15).
-Ernur Demir Abaan (1997), Para:Teorik Bir Tarama ve Tartışma, TCMB Tartışma Tebliğleri, Yayın No:97/3.
Brain Snowdon, Howard Vane, Peter Wynarczyk (1994), A Modern Guide To Macroeconomics, An Introduction to Competing Schools of Thought, Edward Elgar, 2. bölüm (sayfa:42-88).
-Fuat Ercan (2005), Para ve Kapitalizm, Devin Yayıncılık, Istanbul, 2. bölüm içinde 2.1. ve 2.4. kısımlar(sayfa:123-159).
-Mehmet Fatih Cin (2012), Post-Keynezyen Iktisat, Efil Yayınevi.
Sayım Işık (2004), Para, Finans ve Kriz, Akçağ Basım yayım ve Pazarlama
Carl E. Walsh (2003), Monetary Theory and Policy, The MIT Press, 2. ve 3. bölümler (sayfa:43-134)
Fatih Özatay (2011), Parasal Iktisat, Kuram ve Politika, Efil yayınevi.

Planned Learning Activities and Teaching Methods

Explaining by lecturer and discussing with the students to reserarch topics. Attandence to lecture is an important issue to determine students performance. It is important to students read the article which is given before the lectures and to prepare a summary about their research subject.

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 * 0.20 + FIN* 0.50
5 RST RESIT
6 FCGR FINAL COURSE GRADE (RESIT) MTE * 0.30 + STT * 0.20 + RST* 0.50


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

Further Notes About Assessment Methods

None

Assessment Criteria

Participation to the lecture is an important issue for evaluation.

Language of Instruction

Turkish

Course Policies and Rules

To be announced.

Contact Details for the Lecturer(s)

aylin.duygulu@deu.edu.tr

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Giving the Lecture 13 3 39
Preperation for the mid exam 1 20 20
Preperation for the final exam 1 20 20
Preperation of homework 1 30 30
Before/After Lecture Preperation Process 13 2 26
Final Exam 1 3 3
Mid Exam 1 3 3
TOTAL WORKLOAD (hours) 141

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9
LO.15
LO.25
LO.355
LO.455
LO.555555
LO.655555
LO.75