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Course Description Course Name : Theory Of Money Course Code : EC 304 Course Type : Compulsory Level of Course : First Cycle Year of Study : 3 Course Semester : Spring (16 Weeks) ECTS : 6 Name of Lecturer(s) : Prof.Dr. MUAMMER TEKEOĞLU Learning Outcomes of the Course : Understand monetary frameworkd of macroeconomics. Comprehend the importance of stability in the macro-monetary framework Analyze the causes of monetary crisis and the usefulness. Mode of Delivery : Face-to-Face Prerequisites and Co-Prerequisites : None Recommended Optional Programme Components : None Aim(s) of Course : The theory of money has gained importance in the 20th century and become a vital part of the Macroeconomics Theory. It is also the most complex part of the Macroeconomics Theory. The theory is shaped by Keynesian and Monetarist approaches and has not reached completeness yet. The course covers the arguments and analysis in this context. The student who wants to improve him/herself in the theory of money should also study finance and banking. The course covers the fundemantal connections between real monetary economic relationships. Course Contents : Theory of money, definitions for quantitiy of money, demand, supply, and policy for money, monetary schools Language of Instruction : Turkish Work Place : Class   Course Outline /Schedule (Weekly) Planned Learning Activities Week Subject Student's Preliminary Work Learning Activities and Teaching Methods 1 Explanation of the theory of money and money policy, functions and properties of money Relevant chapter Lecture 2 Definitions for quantity of money, liquidity and loan Relevant chapter Lecture 3 Regimes of money and basic principles, the position of the monetary part in the financial system Relevant chapter Lecture 4 The theory of the demand for money Relevant chapter Lecture 5 The theory of money supply Relevant chapter Lecture 6 The theory of interest, balance of payments and quantity of money Relevant chapter Lecture 7 Money policy Relevant chapter Lecture 8 Mid-term Exam Midt-erm Exam Mid-term Exam 9 Money policy (Cont.) Relevant chapter Lecture 10 Monetary analysis in neo-classical approach, Keynes and Keynesian Money Policy Prepare to exam Written exam 11 Reactions for Keynesian aproaches and neo-classical synthesis Relevant chapter Lecture 12 General disequilibrium approach, Moneray approach Relevant chapter Lecture 13 Moneray approach (cont), New classical economics Relevant chapter Lecture 14 New Keynesians, Austrian School Relevant chapter Lecture 15 Inflation theories Relevant chapter Lecture 16/17 Final exam prepare to exam written exam   Required Course Resources Resource Type Resource Name Recommended Course Material(s)  Prof. Dr. Merih PAYA, Para Teorisi ve Politikası, Filiz Kitabevi İstanbul Required Course Material(s)  Dr. Fuat Ercan, Para ve Kapitalizm, Devin Yayıncılık, İSTANBUL 2005  Doç. Dr. Mehmet GÜNAL, Para Banka ve Finansal Sistem, Yeni Dönem Yayıncılık, ANKARA 2006  Prof. Dr. Tezel ÖÇAL ve Doç. Dr. Ö. Faruk ÇOLAK, Para; Teori ve Politika, Nobel Yayın Dağıtım ANKARA 1999   Assessment Methods and Assessment Criteria Semester/Year Assessments Number Contribution Percentage     Mid-term Exams (Written, Oral, etc.) 1 100     Homeworks/Projects/Others 0 0 Total 100 Rate of Semester/Year Assessments to Success 40   Final Assessments 100 Rate of Final Assessments to Success 60 Total 100   Contribution of the Course to Key Learning Outcomes # Key Learning Outcome Contribution* 1 Explain the importance of demand and supply in economy science and the well-running conditions of the market economy 1 2 Define the role of pricing within the event advantage of the market economy. 1 3 Define the role of the state in economy, money and financial policies, the central bank and the structure of the market. 5 4 Perceive the costs and benefits arising from the global economy 1 5 Produce numerical and policy options when confronted with problems. 5 6 Use quantitative and qualitative techniques of model building, decoding and interpretation. 1 7 Use the theory of economics in the analysis of economic events. 5 8 Use computer programs, do synthesis and present prepared data efficiently. 1 9 Apply the methods of economic analysis. 4 10 Analyze at conceptual level and acquires ability in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems 1 11 Take responsibility individually and / or in a team, take leadership and work effectively. 2 12 Follow innovative developments in the field being aware of the necessity of lifelong learning and improving him-/herself.. 2 13 Use of different sources about an unfamiliar field within academic principles, synthesize gained data and presents effectively. 2 14 Use Turkish and at least one foreign language in accordance with the requirements of academic and work life. 3 15 Understand and interpret related people´s feelings, thoughts, and behaviours correctly; expresse him-/herself accurately in written and oral language. 2 16 Question traditional attitudes, applications and methods, develop and apply new methods when needed. 2 17 Recognize and apply social, scientific and professional ethical values. 2 * Contribution levels are between 0 (not) and 5 (maximum).   Student Workload - ECTS Works Number Time (Hour) Total Workload (Hour) Course Related Works     Class Time (Exam weeks are excluded) 14 4 56     Out of Class Study (Preliminary Work, Practice) 14 6 84 Assesment Related Works     Homeworks, Projects, Others 0 0 0     Mid-term Exams (Written, Oral, etc.) 1 2 2     Final Exam 1 2 2 Total Workload: 144 Total Workload / 25 (h): 5.76 ECTS Credit: 6