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 | Social Sciences Master's Degree |
| Mode of Delivery | Face To Face |
| Learning and Teaching Strategies | Lecture, Question and Answer. |
| Course Lecturer(s) |
|
| 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;
|
| 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 microeconomic theories, approaches and make a critical evaluation of each | |||||
| 2 | To compare main macroeconomic theories, approaches and make a critical evaluation of each | X | ||||
| 3 | To apply mathematical modeling | X | ||||
| 4 | To employ statistical and econometric tools in analyzing an economic phenomena | X | ||||
| 5 | To analyze the main economic indicators and comment on them | X | ||||
| 6 | To acquire theoretical knowledge through literature survey and derive empirically confirmable hypothesis | |||||
| 7 | To make a research design and carry it out within predetermined time frames | |||||
| 8 | To be able to develop new approaches for complex problems in applied economics and/or apply statistical/econometric tools to new areas/problems | X | ||||
| 9 | To formulate and present policy recommendations based on academic research | X | ||||
| 10 | To combine economic knowledge with other disciplines in order to solve problems requiring scientific expertise | X | ||||
| 11 | To use information technology effectively | |||||
| 12 | To continue learning and undertake advanced research independently | X | ||||
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 | ||