ECTS - Money and Monetary Policy

Money and Monetary Policy (ECON526 ) Course Detail

Course Name Course Code Season Lecture Hours Application Hours Lab Hours Credit ECTS
Money and Monetary Policy ECON526  General Elective 3 0 0 3 5
Pre-requisite Course(s)
N/A
Course Language English
Course Type Elective Courses
Course Level Ph.D.
Mode of Delivery Face To Face
Learning and Teaching Strategies Lecture, Question and Answer.
Course Coordinator
Course Lecturer(s)
  • Dr. Dersin Öğretim Üyesi
Course Assistants
Course Objectives This course focuses on the study of money, financial markets and the conduct of monetary policy.
Course Learning Outcomes The students who succeeded in this course;
  • Gain a basic understanding of financial systems, how they operate and why they play a central role in the economy
  • Learn the aims, conduct, influence and limitations of monetary policy.
  • Learn to critically assess the various viewpoints on the conduct monetary policy
  • Gain experience in understanding, using and applying economic models
Course Content Survey of development and use of money and credit, analysis of the demand and supply of money, monetary theory and policy tools and their use for economic stabilization, current issues in monetary theory and policy, special applications to Turkey.

Weekly Subjects and Releated Preparation Studies

Week Subjects Preparation
1 Why Study Money, Banking, and Financial Markets? An Overview of the Financial System Mishkin, Chapters 1-2.
2 What is Money? Understanding Interest Rates Mishkin, Chapters 3-4.
3 The Behavior of Interest Rates; The Risk and Term Structure of Interest Rates Mishkin, Chapters 5-6.
4 An Economic Analysis of Financial Structure; Banking and the Management of Financial Institutions Mishkin, Chapters 8-9.
5 Banking Industry: Structure and Competition; Economic Analysis of Banking Regulation Mishkin, Chapters 10-11.
6 Structure of Central Banks and the Federal Reserve System; Multiple Deposit Creation and the Money Supply Process Mishkin, Chapters 12-13
7 Mid-term Exam
8 Determinants of the Money Supply; Tools of Monetary Policy; What Should Central Banks Do? Monetary Policy Goals, Strategy and Tactics Mishkin, Chapters 14-15-16
9 The Foreign Exchange Market; The International Financial System Mishkin, Chapters 17-18
10 The Demand for Money; The ISLM Model Mishkin, Chapters 19-20
11 Monetary and Fiscal Policy in the ISLM Model Mishkin, Chapters 21
12 Aggregate Demand and Supply Analysis Mishkin, Chapters 22
13 Transmission Mechanisms of Monetary Policy: The Evidence Mishkin, Chapters 23
14 Money and Inflation Mishkin, Chapters 24
15 General Review
16 Final Exam

Sources

Course Book 1. Mishkin, Frederic S. (2007) The Economics of Money, Banking and Financial Markets, 8th International Edition, Boston: Addison-Wesley.
2. Mishkin, Frederic S. (2000) Para Teorisi ve Politikası, Bilim Teknik Yayınevi, İstanbul. (Çevirenler: İlyas Şıklar, Ahmet Çakmak ve Suat Yavuz)
3. Aren, Sadun (2007) 100 Soruda Para ve Para Politikası, İmge Kitabevi.

Evaluation System

Requirements Number Percentage of Grade
Attendance/Participation 1 10
Laboratory - -
Application - -
Field Work - -
Special Course Internship - -
Quizzes/Studio Critics - -
Homework Assignments 1 20
Presentation - -
Project - -
Report - -
Seminar - -
Midterms Exams/Midterms Jury 1 30
Final Exam/Final Jury 1 50
Toplam 4 110
Percentage of Semester Work
Percentage of Final Work 100
Total 100

Course Category

Core Courses X
Major Area Courses
Supportive Courses
Media and Managment Skills Courses
Transferable Skill Courses

The Relation Between Course Learning Competencies and Program Qualifications

# Program Qualifications / Competencies Level of Contribution
1 2 3 4 5
1 To compare main theories and/or approaches in political economy and make a critical evaluation of each
2 To compare main macroeconomic theories and/or approaches and make a critical evaluation of each
3 To use complementary approaches from other relevant disciplines (e.g. political science, sociology) in order to solve problems requiring scientific expertise
4 To develop the skills for establishing a micro-macro link in human and social sciences
5 To analyze the main economic indicators and comment on them
6 To acquire theoretical knowledge through literature survey and derive empirically testable hypothesis
7 To be able to develop new approaches/theories for complex problems in political economy
8 To apply critical thinking, statistical/econometric tools or other relevant quantitative and qualitative tools to new areas/problems
9 To make a research design and carry it out within predetermined time frames
10 To formulate and present policy recommendations based on academic research
11 To continue learning and undertake advanced research independently

ECTS/Workload Table

Activities Number Duration (Hours) Total Workload
Course Hours (Including Exam Week: 16 x Total Hours) 16 3 48
Laboratory
Application
Special Course Internship
Field Work
Study Hours Out of Class 16 2 32
Presentation/Seminar Prepration
Project
Report
Homework Assignments 3 2 6
Quizzes/Studio Critics
Prepration of Midterm Exams/Midterm Jury 16 1 16
Prepration of Final Exams/Final Jury 16 1 16
Total Workload 118