ECTS - Monetary Theory and Policy
Monetary Theory and Policy (IKT303) Course Detail
| Course Name | Course Code | Season | Lecture Hours | Application Hours | Lab Hours | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| Monetary Theory and Policy | IKT303 | 5. Semester | 3 | 0 | 0 | 3 | 6 |
| Pre-requisite Course(s) |
|---|
| N/A |
| Course Language | Turkish |
|---|---|
| Course Type | Compulsory Departmental Courses |
| Course Level | Bachelor’s Degree (First Cycle) |
| Mode of Delivery | Face To Face |
| Learning and Teaching Strategies | Lecture, Demonstration, 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 | Money and credit, behaviour and structure of interest rates, financial systems, money demand and supply, analysis of competing monetary theories and the use of monetary policy tools in economic stabilization; current issues in monetary theory and policy, inflation targeting. |
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) | |
| Other Sources | 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 | 2 | 10 |
| Presentation | - | - |
| Project | - | - |
| Report | - | - |
| Seminar | - | - |
| Midterms Exams/Midterms Jury | 1 | 30 |
| Final Exam/Final Jury | 1 | 50 |
| Toplam | 5 | 100 |
| Percentage of Semester Work | 50 |
|---|---|
| Percentage of Final Work | 50 |
| 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 | Have an advanced level of basic theoretical knowledge on the field of public finance in order to obtain the practical gains. | X | ||||
| 2 | Identify the issues related to the field of public finance by dealing with it within the framework of the methodological approach, and report and evaluate it from an analytical point of view. | X | ||||
| 3 | Understand, interpret and analyse economic and financial events, equipped with knowledge of certain disciplines, especially economics, business and law. | X | ||||
| 4 | Develop policies and strategies for solving the problems by establishing the cause-effect relationship related to fiscal and economic issues through theoretical information and the discussions. | X | ||||
| 5 | Establish the relationship of public financial management and budget theory with public policies, he/she makes strong budget analysis, develop analysis on public finance and makes a link with the policy implementation | X | ||||
| 6 | Understand the tax theory, learning the legal structure, following the legal and financial developments and gaining a professional competence in tax matters effectively develop it. | X | ||||
| 7 | Have knowledge of accounting systems in private and public institutions and businesses, analyze and interpret the financial and financial structure of institutions with the knowledge and competence gained. | X | ||||
| 8 | Gain knowledge of macroeconomic framework and growth theory, including theoretical and country examples, evaluates economic developments from a theoretical perspective. | X | ||||
| 9 | Use foreign language in financial and economic fields, follow international literature, communicate on professional issues. | X | ||||
| 10 | Benefit from technological developments in studies specific to its field by using information technologies, digital developments and common software. | X | ||||
| 11 | Use qualitative and quantitative methods for the analysis of economic, financial, social and institutional events. | X | ||||
| 12 | While fulfilling its academic and professional responsibilities, develop an approach that respects s United Nations sustainable development goals, freedoms, rights of the disadvantaged groups, environment, cultural and moral values. | 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 | 6 | 96 |
| Presentation/Seminar Prepration | |||
| Project | |||
| Report | |||
| Homework Assignments | 2 | 5 | 10 |
| Quizzes/Studio Critics | |||
| Prepration of Midterm Exams/Midterm Jury | 1 | 2 | 2 |
| Prepration of Final Exams/Final Jury | 1 | 2 | 2 |
| Total Workload | 158 | ||