PAÜ .:. Eğitim Öğretim Bilgi Sistemi

COURSE INFORMATION

Course Code	Course Title	L+P Hour	Semester	ECTS
ECON 304	MONETARY THEORY AND POLICY - II	3 + 0	6th Semester	5

COURSE DESCRIPTION

Course Level	Bachelor's Degree
Course Type	Compulsory
Course Objective	The goal of the course is to provide students with the modern monetary theory and tools to lead students to analyze: the effects of monetary and fiscal policy on banking, financial and capital markets; monetary policy goals, strategy, and tactics; the international financial system and exchange rate markets; the tradeoffs of policy options and their implications under different circumstances.
Course Content	The course includes the topics of understating interest rate, portfolio choice, the theory of asset demand, the behavior of interest rate, the relationship between monetary policy and economic activities, the effectiveness of monetary and fiscal polices in IS-LM framework, aggregate demand and money monetary policy , central banks and alternative monetary policies, inflation targeting, and stabilization programmes.
Prerequisites	No the prerequisite of lesson.
Corequisite	No the corequisite of lesson.
Mode of Delivery	Face to Face

COURSE LEARNING OUTCOMES

1	Analyze and describe the effects of monetary policy on banking and financial markets.
2	Use monetary theory to explain how national and international banking and financial markets work
3	Investigate the reason and consequences of a change in the exchange rates.
4	Apply quantitative researches in banking and financial markets.
5	Identify the sources of crisis and discuss possible financial regulations to get the economy out of the crisis.

COURSE'S CONTRIBUTION TO PROGRAM

	PO 01	PO 02	PO 03	PO 04	PO 05	PO 06	PO 07	PO 08	PO 09	PO 10	PO 11	PO 12
LO 001	4	4	4	4	4	4	4	4	4	4	4	4
LO 002	5	5	5	5	5	5	5	5	5	5	5	5
LO 003	5	5	5	5	5	5	5	5	5	5	5	5
LO 004	5	5	5	4	5	4	4	4	4	4	4	4
LO 005	5	5	5	5	5	5	5	5	5	5	5	5
Sub Total	24	24	24	23	24	23	23	23	23	23	23	23
Contribution	5	5	5	5	5	5	5	5	5	5	5	5

ECTS ALLOCATED BASED ON STUDENT WORKLOAD BY THE COURSE DESCRIPTION

Activities	Quantity	Duration (Hour)	Total Work Load (Hour)
Course Duration (14 weeks/theoric+practical)	13	4	52
Hours for off-the-classroom study (Pre-study, practice)	13	3	39
Assignments	1	13	13
Mid-terms	1	13	13
Final examination	1	13	13
Total Work Load ECTS Credit of the Course			130 5

COURSE DETAILS

Select Year

Course Details

Course Code	Course Title	L+P Hour	Course Code	Language Of Instruction	Course Semester
ECON 304	MONETARY THEORY AND POLICY - II	3 + 0	1	English	2023-2024 Spring

Course Coordinator	E-Mail	Phone Number	Course Location	Attendance
Prof. Dr. MEHMET İVRENDİ	mivrendi@pau.edu.tr		İİBF A0011	%70

Goals		The goal of the course is to provide students with the modern monetary theory and tools to lead students to analyze: the effects of monetary and fiscal policy on banking, financial and capital markets; monetary policy goals, strategy, and tactics; the international financial system and exchange rate markets; the tradeoffs of policy options and their implications under different circumstances.
Content		The course includes the topics of understating interest rate, portfolio choice, the theory of asset demand, the behavior of interest rate, the relationship between monetary policy and economic activities, the effectiveness of monetary and fiscal polices in IS-LM framework, aggregate demand and money monetary policy , central banks and alternative monetary policies, inflation targeting, and stabilization programmes.

Topics

Weeks	Topics
1	Introduction
2	Money supply process
3	Tools of monetary policy
4	Conduct of monetary policy: tactics and strategy
5	Foreign exchange market
6	International financial system
7	Quantity theory, inflation and demand for money
8	Midterm
9	IS curve
10	Monetary policy ve AD curves
11	AD-AS analysis
12	Monetary policy theory
13	The role of expectations in monetary policy
14	Transmission mechanisms of monetary policy

Materials

Materials are not specified.

Resources

Resources	Resources Language
F. Mishkin "The economics of money, banking and financial markets" 11th edition	English

Course Assessment

L+P: Lecture and Practice
PQ: Program Learning Outcomes
LO: Course Learning Outcomes

Prospective Student