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| Course Description |
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| Course Name |
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Monetary Theory |
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| Course Code |
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İKT 709 |
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| Course Type |
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Optional |
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| Level of Course |
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Second Cycle |
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| Year of Study |
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1 |
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| Course Semester |
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Spring (16 Weeks) |
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| ECTS |
: |
6 |
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| Name of Lecturer(s) |
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Prof.Dr. E.ALPER GÜVEL
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| Learning Outcomes of the Course |
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Understands the monetary frame of macroeconomics
Comprehends the importance of the monetary frame for macroeconomic stability
Learns the monetary reasons of crisis and the importance of monetary policies
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| Mode of Delivery |
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Face-to-Face |
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| Prerequisites and Co-Prerequisites |
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None |
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| Recommended Optional Programme Components |
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None |
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| Aim(s) of Course |
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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. This course aims to demonstrate the fundemantal connections between real monetary economic relationships |
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| Course Contents |
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This course covers the theory of money, definitions of quantitiy of money, demand, supply, and policy for money, monetary schools |
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| Language of Instruction |
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Turkish |
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| Work Place |
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Faculty classroom |
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Course Outline /Schedule (Weekly) Planned Learning Activities |
| Week | Subject | Student's Preliminary Work | Learning Activities and Teaching Methods |
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1 |
Explanation of the theory of money and money policy, functions and properties of Money |
Reading course book and the notes |
Lecture |
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2 |
Definitions for quantity of money, liquidity and loan |
Reading course book and the notes |
Lecture |
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3 |
Regimes of money and basic principles, the position of the monetary part in the financial system |
Reading course book and the notes |
Lecture |
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4 |
The theory of the demand for money |
Reading course book and the notes |
Lecture |
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5 |
The theory of the money supply |
Reading course book and the notes |
Lecture |
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6 |
The theory of interest, balance of payments and quantity of Money |
Reading course book |
Lecture |
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7 |
Money policy |
Reading course book |
Lecture |
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8 |
Midterm |
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9 |
Money policy (Continue) |
Reading course book and the notes |
Lecture |
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10 |
Monetary analysis in neo-classical approach, Keynes and Keynesian Money Policy |
Reading course book and the notes |
Lecture |
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11 |
Reactions to Keynesian approaches and neo-classical synthesis |
Reading course book and the notes |
Lecture |
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12 |
General disequilibrium approach, Moneray approach |
Reading course book and the notes |
Lecture |
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13 |
Monetary approach (continue), New classical schools |
Reading course book and the notes |
Lecture |
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14 |
New Keynesians, Austrian School |
Reading course book and the notes |
Lecture |
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15 |
Inflation theories |
Reading course book and the notes |
Lecture |
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16/17 |
Final exam |
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Required Course Resources |
| Resource Type | Resource Name |
| Recommended Course Material(s) |
 NUR KEYDER, PARA POLİTİKASI TEORİ POLİTİKA UYGULAMA, 2005, SEÇKİN YAYIN DAĞITIM
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| Required Course Material(s) | |
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Assessment Methods and Assessment Criteria |
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Semester/Year Assessments |
Number |
Contribution Percentage |
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Mid-term Exams (Written, Oral, etc.) |
1 |
100 |
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Homeworks/Projects/Others |
0 |
0 |
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Total |
100 |
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Rate of Semester/Year Assessments to Success |
40 |
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Final Assessments
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100 |
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Rate of Final Assessments to Success
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60 |
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Total |
100 |
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| Contribution of the Course to Key Learning Outcomes |
| # | Key Learning Outcome | Contribution* |
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1 |
Specifies the role of the market economy, the price advantage of the event. |
0 |
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2 |
Specifies the role of the price advantage in market economy |
2 |
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3 |
Applies the methods of economic analysis. |
1 |
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4 |
Takes responsibility individually and / or in a team,leads a team and works effectively |
2 |
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5 |
Speaks Turkish, and at least one other foreign language in accordance with the requirements of academic and business life. |
1 |
|
6 |
Builds, decodes and interprets models by using quantitative and qualitative techniques |
2 |
|
7 |
Questions traditional approaches, implementations, and methods ;develops and practises alternative study programs when required |
0 |
|
8 |
Acquires the ability of analyzing in the conceptual level ,compares interprets, evaluates and synthesizes ideas in order to develop solutions to the problems. |
1 |
|
9 |
Explains the importance of demand and supply and the conditions of the market economy to work better |
1 |
|
10 |
Faces with challenges, produces a numerical and policy options. |
5 |
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11 |
Uses the theory of economics in analyzing the economic events
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1 |
|
12 |
With the awareness of the necessity of
life-long learning, follows the latest developments about his field and improves himself
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5 |
| * Contribution levels are between 0 (not) and 5 (maximum). |
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| Student Workload - ECTS |
| Works | Number | Time (Hour) | Total Workload (Hour) |
| Course Related Works |
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Class Time (Exam weeks are excluded) |
16 |
3 |
48 |
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Out of Class Study (Preliminary Work, Practice) |
16 |
6 |
96 |
| Assesment Related Works |
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Homeworks, Projects, Others |
0 |
0 |
0 |
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Mid-term Exams (Written, Oral, etc.) |
1 |
1 |
1 |
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Final Exam |
1 |
2 |
2 |
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Total Workload: | 147 |
| Total Workload / 25 (h): | 5.88 |
| ECTS Credit: | 6 |
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