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Course Description Course Name : Theory Of Money Course Code : EC 304 Course Type : Optional Level of Course : First Cycle Year of Study : 3 Course Semester : Spring (16 Weeks) ECTS : 4 Name of Lecturer(s) : Prof.Dr. MUAMMER TEKEOĞLU Learning Outcomes of the Course : Understands the monetary frame of macroeconomics Learns the importance of the monetary frame for macroeconomic stability Knows monetary reasons of crisis and the importance of monetary policies 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 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 hasn´t reached the completeness. 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 will be given in a matter to demonstrate 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 : Faculty classroom   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 the 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 Midterm Preperation for the exam Midterm exam 9 Money policy (Cont.) Relevant chapter Lecture 10 Monetary analysis in neo-classical approach, Keynes and Keynesian Money Policy Relevant chapter Lecture 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 Preperation for the exam Final 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  Prof. Dr. Tezel ÖÇAL ve Doç. Dr. Ö. Faruk ÇOLAK, Para; Teori ve Politika, Nobel Yayın Dağıtım, ANKARA 1999  Doç. Dr. Mehmet GÜNAL, Para Banka ve Finansal Sistem, Yeni Dönem Yayıncılık, ANKARA 2006   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 Models problems with Mathematics, Statistics, and Econometrics 5 2 Explains Econometric concepts 1 3 Estimates the model consistently and analyzes & interprets its results 2 4 Acquires basic Mathematics, Statistics and Operation Research concepts 0 5 Equipped with the foundations of Economics, and develops Economic models 5 6 Describes the necessary concepts of Business 1 7 Acquires the ability to analyze, benchmark, evaluate and interpret at conceptual levels to develop solutions to problems 5 8 Collects, edits, and analyzes data 0 9 Uses a package program of Econometrics, Statistics, and Operation Research 4 10 Effectively works, take responsibility, and the leadership individually or as a member of a team 1 11 Awareness towards life-long learning and follow-up of the new information and knowledge in the field of study 2 12 Develops the ability of using different resources in the form of academic rules, synthesis the information gathered, and effective presentation in an area which has not been studied 2 13 Uses Turkish and at least one other foreign language, academically and in the business context 1 14 Good understanding, interpretation, efficient written and oral expression of the people involved 2 15 Questions traditional approaches and their implementation while developing alternative study programs when required 3 16 Recognizes and implements social, scientific, and professional ethic values 1 17 Follows actuality, and interprets the data about economic and social events 4 18 Improves himself/herself constantly by defining educational requirements considering interests and talents in scientific, cultural, art and social fields besides career development 0 * 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 3 42 Assesment Related Works     Homeworks, Projects, Others 0 0 0     Mid-term Exams (Written, Oral, etc.) 1 6 6     Final Exam 1 6 6 Total Workload: 110 Total Workload / 25 (h): 4.4 ECTS Credit: 4