Monetary Theory and Policy (ECON303) Course Detail

Course Name	Course Code	Season	Lecture Hours	Application Hours	Lab Hours	Credit	ECTS
Monetary Theory and Policy	ECON303	General Elective	3	0	0	3	6

Pre-requisite Course(s)
N/A

Course Language	English
Course Type	Elective Courses
Course Level	Bachelor’s Degree (First Cycle)
Mode of Delivery	Face To Face
Learning and Teaching Strategies	Lecture, Demonstration.
Course Coordinator
Course Lecturer(s)	Instructor Dr. Esra ŞENGÖR ŞENALP
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	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.
Other Sources	2. 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
#	Program Qualifications / Competencies	1	2	3	4	5
1	Has the ability to apply scientific knowledge gained in the undergraduate education and to expand and extend knowledge in the same or in a different area
2	Can apply gained knowledge and problem solving abilities in inter-disciplinary research
3	Has the ability to work independently within research area, to state the problem, to develop solution techniques, to solve the problem, to evaluate the obtained results and to apply them when necessary
4	Takes responsibility individually and as a team member to improve systematic approaches to produce solutions in unexpected complicated situations related to the area of study
5	Can develop strategies, implement plans and principles on the area of study and can evaluate obtained results within the framework
6	Can develop and extend the knowledge in the area and to use them with scientific, social and ethical responsibility
7	Has the ability to follow recent developments within the area of research, to support research with scientific arguments and data, to communicate the information on the area of expertise in a systematically by means of written report and oral/visual presentation
8	To have an oral and written communication ability in at least one of the common foreign languages ("European Language Portfolio Global Scale", Level B2)
9	Has software and hardware knowledge in the area of expertise, and has proficient information and communication technology knowledge
10	Follows scientific, cultural, and ethical criteria in collecting, interpreting and announcing data in the research area and has the ability to teach.
11	Has professional ethical consciousness and responsibility which takes into account the universal and social dimensions in the process of data collection, interpretation, implementation and declaration of results in mathematics and its applications.

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