Required background and qualifications for monetary theory and policy.
Course Content
This course contains; Concept of Money and Definitions,Monetary Systems and Standards,Concept of Money Supply ,Central Bank Money Supply Definitions,Money Demand Concept,Quantity Theory and Cambridge Approach,Keynesian Money Demand Theory,Friedman's Quantity Theory,Short-Term IS-LM Model,Long-Term IS-LM Model,Introduction to Monetary Policy Regimes,Exchange Rate Targeting,Monetary and Inflation Targeting,Monetary Policy Examples in Turkish Economy.
Dersin Öğrenme Kazanımları
Teaching Methods
Assessment Methods
1. Will be able to have information about the definition, functions and features of money.
10, 16, 6, 9
A
1.1. Define basic concepts.
10, 16, 6, 9
A
1.2. Relate these concepts with the real life.
10, 16, 6, 9
A
2. Will be able to evaluate the differences between monetary regimes by learning about them.
10, 16, 6, 9
A
2.1. Define monetary regimes.
10, 16, 6, 9
A
2.2. Analyse different types of monetary regimes
10, 16, 6, 9
A
3. Will be able to have information about theories that explain money demand.
10, 16, 6, 9
A
3.1. Define money demand theories.
10, 16, 6, 9
A
3.2. Describe the factors affecting money demand.
10, 16, 6, 9
A
4. Will be able to have information about the definition, goals and tools of monetary policy.
10, 16, 6, 9
A
4.1. Define basic concepts.
10, 16, 6, 9
A
4.2. Analyze monetary policy tools.
10, 13, 16, 6, 9
A
5. Will be able to have information about monetary policy regimes.
10, 16, 6, 9
A
5.1. Define monetary policy regimes.
10, 13, 16, 6, 9
A
5.2. Analyze monetary policy regimes.
10, 13, 16, 6, 9
A
Teaching Methods:
10: Discussion Method, 13: Case Study Method, 16: Question - Answer Technique, 6: Experiential Learning, 9: Lecture Method
Assessment Methods:
A: Traditional Written Exam
Course Outline
Order
Subjects
Preliminary Work
1
Concept of Money and Definitions
2
Monetary Systems and Standards
3
Concept of Money Supply
4
Central Bank Money Supply Definitions
5
Money Demand Concept
6
Quantity Theory and Cambridge Approach
7
Keynesian Money Demand Theory
8
Friedman's Quantity Theory
9
Short-Term IS-LM Model
10
Long-Term IS-LM Model
11
Introduction to Monetary Policy Regimes
12
Exchange Rate Targeting
13
Monetary and Inflation Targeting
14
Monetary Policy Examples in Turkish Economy
Resources
Lecture Notes
Bora Süslü, Özgür Balmumcu, Modern Para Teorisi ve Politikası, Efil Yayınevi, 2021
Parasız, İlker, Parasal Ekonomi, Ekin Basım Yayın, 2015
Fatih Özatay, Parasal İktisat: Kuram ve Politika, Efil Yayınları, 2011.
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications
No
Program Qualification
Contribution Level
1
2
3
4
5
1
Defines the basic concepts of banking and insurance.
X
2
Describes the mathematical and statistical methods of banking and insurance
3
Uses the computer programs needed in banking and insurance
4
Uses the professional foreign language proficiency required in banking and insurance
5
Prepares the project and manage the teamworks
6
Uses the theoretical and practical knowledge of the banking and insurance.
X
7
Constantly evaluates itself by following the developments in science and technology with the importance of lifelong learning
8
Uses verbal and written communication skills using the latest technologies and at least one foreign language
9
Accepts ethical values and social rights and applies them
10
Analyzes and discusses using the data of banking and insurance
11
Uses the information on the other disciplines that can provide support for theoretical studies in banking and insurance (economics, law, business, etc.)
12
Offers micro and macro suggestions on the problems in the banking and insurance sector
X
Assessment Methods
Contribution Level
Absolute Evaluation
Rate of Midterm Exam to Success
40
Rate of Final Exam to Success
60
Total
100
ECTS / Workload Table
Activities
Number of
Duration(Hour)
Total Workload(Hour)
Course Hours
14
3
42
Guided Problem Solving
0
0
0
Resolution of Homework Problems and Submission as a Report
1
5
5
Term Project
0
0
0
Presentation of Project / Seminar
0
0
0
Quiz
1
10
10
Midterm Exam
1
27
27
General Exam
1
36
36
Performance Task, Maintenance Plan
0
0
0
Total Workload(Hour)
120
Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30*=(120/30)
4
ECTS of the course: 30 hours of work is counted as 1 ECTS credit.
Detail Informations of the Course
Course Description
Course
Code
Semester
T+P (Hour)
Credit
ECTS
MONOTARY TEORY and POLICIY
-
Fall Semester
3+0
3
4
Course Program
Prerequisites Courses
Recommended Elective Courses
Language of Course
Turkish
Course Level
First Cycle (Bachelor's Degree)
Course Type
Required
Course Coordinator
Assist.Prof. Ali Osman Serdar ÇITAK
Name of Lecturer(s)
Assist.Prof. Ali Osman Serdar ÇITAK
Assistant(s)
Aim
Required background and qualifications for monetary theory and policy.
Course Content
This course contains; Concept of Money and Definitions,Monetary Systems and Standards,Concept of Money Supply ,Central Bank Money Supply Definitions,Money Demand Concept,Quantity Theory and Cambridge Approach,Keynesian Money Demand Theory,Friedman's Quantity Theory,Short-Term IS-LM Model,Long-Term IS-LM Model,Introduction to Monetary Policy Regimes,Exchange Rate Targeting,Monetary and Inflation Targeting,Monetary Policy Examples in Turkish Economy.
Dersin Öğrenme Kazanımları
Teaching Methods
Assessment Methods
1. Will be able to have information about the definition, functions and features of money.
10, 16, 6, 9
A
1.1. Define basic concepts.
10, 16, 6, 9
A
1.2. Relate these concepts with the real life.
10, 16, 6, 9
A
2. Will be able to evaluate the differences between monetary regimes by learning about them.
10, 16, 6, 9
A
2.1. Define monetary regimes.
10, 16, 6, 9
A
2.2. Analyse different types of monetary regimes
10, 16, 6, 9
A
3. Will be able to have information about theories that explain money demand.
10, 16, 6, 9
A
3.1. Define money demand theories.
10, 16, 6, 9
A
3.2. Describe the factors affecting money demand.
10, 16, 6, 9
A
4. Will be able to have information about the definition, goals and tools of monetary policy.
10, 16, 6, 9
A
4.1. Define basic concepts.
10, 16, 6, 9
A
4.2. Analyze monetary policy tools.
10, 13, 16, 6, 9
A
5. Will be able to have information about monetary policy regimes.
10, 16, 6, 9
A
5.1. Define monetary policy regimes.
10, 13, 16, 6, 9
A
5.2. Analyze monetary policy regimes.
10, 13, 16, 6, 9
A
Teaching Methods:
10: Discussion Method, 13: Case Study Method, 16: Question - Answer Technique, 6: Experiential Learning, 9: Lecture Method
Assessment Methods:
A: Traditional Written Exam
Course Outline
Order
Subjects
Preliminary Work
1
Concept of Money and Definitions
2
Monetary Systems and Standards
3
Concept of Money Supply
4
Central Bank Money Supply Definitions
5
Money Demand Concept
6
Quantity Theory and Cambridge Approach
7
Keynesian Money Demand Theory
8
Friedman's Quantity Theory
9
Short-Term IS-LM Model
10
Long-Term IS-LM Model
11
Introduction to Monetary Policy Regimes
12
Exchange Rate Targeting
13
Monetary and Inflation Targeting
14
Monetary Policy Examples in Turkish Economy
Resources
Lecture Notes
Bora Süslü, Özgür Balmumcu, Modern Para Teorisi ve Politikası, Efil Yayınevi, 2021
Parasız, İlker, Parasal Ekonomi, Ekin Basım Yayın, 2015
Fatih Özatay, Parasal İktisat: Kuram ve Politika, Efil Yayınları, 2011.
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications
No
Program Qualification
Contribution Level
1
2
3
4
5
1
Defines the basic concepts of banking and insurance.
X
2
Describes the mathematical and statistical methods of banking and insurance
3
Uses the computer programs needed in banking and insurance
4
Uses the professional foreign language proficiency required in banking and insurance
5
Prepares the project and manage the teamworks
6
Uses the theoretical and practical knowledge of the banking and insurance.
X
7
Constantly evaluates itself by following the developments in science and technology with the importance of lifelong learning
8
Uses verbal and written communication skills using the latest technologies and at least one foreign language
9
Accepts ethical values and social rights and applies them
10
Analyzes and discusses using the data of banking and insurance
11
Uses the information on the other disciplines that can provide support for theoretical studies in banking and insurance (economics, law, business, etc.)
12
Offers micro and macro suggestions on the problems in the banking and insurance sector
