Print

COURSE INFORMATION
Course CodeCourse TitleL+P HourSemesterECTS
EKON 309MONETARY THEORY AND POLICY3 + 07th Semester5

COURSE DESCRIPTION
Course Level Bachelor's Degree
Course Type Elective
Course Objective The study of monetary theory will reward all the economics students with an understanding of many exciting issues. Money, money and financial markets and instutions not only affect our everyday life but also involve huge flows of funds throughout our economy, which in turn affect business profits, the production of goods an services and even the economic well-being of countries than the Turkey Republic. During the course the students learn money, money matters, monetary problems in the economy, monetary approach of economic problems, monetary systems and instutions, financial systems and instutions. The students are aimed to gain a theoretical perspective as well as a permanent analytic character to the economic problem solutions. .
Course Content • The meaning of Money and Money Systems: The definition of Money, The functions of Money, Money systems, the measure of Money. • International Money Systems and Evaluation of the payment system: Money system since one world war, Money system between one and two world war, The system of Bretton Woods and IMF, European monetary systems and Euro. • Financial System and Monetary Instutions: The meaning of financial system, the structure of financial markets, financial markets intermediaries, central banking, banking, financial markets in Turkey, financial markets and credit rating. • The theory of Money and Interest: The theoretical approach of money and money matters, the theory of money and interest of Classics, Keynes and monetarists. • Globalizm and financial markets: The globalizm and financial markets, financial liberalization, off-shore centers and tax heaven countries, globalizm and speculation, global financial system and national economic policies. .
Prerequisites No the prerequisite of lesson.
Corequisite No the corequisite of lesson.
Mode of Delivery Face to Face

COURSE LEARNING OUTCOMES
1Describe the functions of money, banking and financial system in an economy
2Analyze the behavior of the interest rate
3Identify the reasons of a change in interest rates and consequences of the change on the economy
4Use the theory of portfolio allocation and Risk Structure and Term Structure of Interest Rates for a profit-maximizing portfolio
5Explain the stock market and the theory of rational expectation and efficient market hypothesis
6Identify the sources of crisis and discuss possible financial regulations to get the economy out of the crisis
7Derive strategies and policy implications for an economy

COURSE'S CONTRIBUTION TO PROGRAM
PO 01PO 02PO 03PO 04PO 05PO 06PO 07PO 08PO 09PO 10PO 11
LO 00122222222222
LO 00233333333333
LO 00334343434343
LO 00433333333333
LO 00523232333333
LO 00633333333333
LO 00723232323232
Sub Total1821182118211921192119
Contribution33333333333

ECTS ALLOCATED BASED ON STUDENT WORKLOAD BY THE COURSE DESCRIPTION
ActivitiesQuantityDuration (Hour)Total Work Load (Hour)
Course Duration (14 weeks/theoric+practical)14342
Hours for off-the-classroom study (Pre-study, practice)14456
Mid-terms11515
Final examination11717
Total Work Load

ECTS Credit of the Course






130

5
COURSE DETAILS
 Select Year   


 Course TermNoInstructors
Details 2011-2012 Fall5MUSTAFA SERDAR İSPİR


Print

Course Details
Course Code Course Title L+P Hour Course Code Language Of Instruction Course Semester
EKON 309 MONETARY THEORY AND POLICY 3 + 0 5 Turkish 2011-2012 Fall
Course Coordinator  E-Mail  Phone Number  Course Location Attendance
Prof. Dr. MUSTAFA SERDAR İSPİR sispir@pau.edu.tr Course location is not specified. %
Goals The study of monetary theory will reward all the economics students with an understanding of many exciting issues. Money, money and financial markets and instutions not only affect our everyday life but also involve huge flows of funds throughout our economy, which in turn affect business profits, the production of goods an services and even the economic well-being of countries than the Turkey Republic. During the course the students learn money, money matters, monetary problems in the economy, monetary approach of economic problems, monetary systems and instutions, financial systems and instutions. The students are aimed to gain a theoretical perspective as well as a permanent analytic character to the economic problem solutions. .
Content • The meaning of Money and Money Systems: The definition of Money, The functions of Money, Money systems, the measure of Money. • International Money Systems and Evaluation of the payment system: Money system since one world war, Money system between one and two world war, The system of Bretton Woods and IMF, European monetary systems and Euro. • Financial System and Monetary Instutions: The meaning of financial system, the structure of financial markets, financial markets intermediaries, central banking, banking, financial markets in Turkey, financial markets and credit rating. • The theory of Money and Interest: The theoretical approach of money and money matters, the theory of money and interest of Classics, Keynes and monetarists. • Globalizm and financial markets: The globalizm and financial markets, financial liberalization, off-shore centers and tax heaven countries, globalizm and speculation, global financial system and national economic policies. .
Topics
WeeksTopics
1 The meaning of Money and Money Systems: The definition of Money, The functions of Money, Money systems, the measure of Money.
2 International Money Systems and Evaluation of the payment system: Money system since one world war, Money system between one and two world war, The system of Bretton Woods and IMF, European monetary systems and Euro.
3 International Money Systems and Evaluation of the payment system: Money system since one world war, Money system between one and two world war, The system of Bretton Woods and IMF, European monetary systems and Euro.
4 Financial System and Monetary Instutions: The meaning of financial system, the structure of financial markets, financial markets intermediaries, central banking, banking, financial markets in Turkey, financial markets and credit rating.
5 The theory of Money and Interest: The theoretical approach of money and interest, the theory of money and interest of Classics, Keynes and monetarists.
6 The theory of Money and Interest: The theoretical approach of money and interest, the theory of money and interest of Classics, Keynes and monetarists.
7 Supply of money and central bank balance sheet
8 Centrak Bank money policy tools
9 Centrak Bank money policy tools
10 Monetary transmission mechanism
11 Exchange rate theories
12 Ödemeler dengesi
13 Targeting of infilation
14 Application of money policy in Turkey
Materials
Materials are not specified.
Resources
ResourcesResources Language
Türkçe
Fatih Özatay, Parasal İktisat Kuram ve Politika, Eflatun yayınevi, 2011Türkçe
Course Assessment
Assesment MethodsPercentage (%)Assesment Methods Title
Final Exam60Final Exam
Midterm Exam40Midterm Exam
L+P: Lecture and Practice
PQ: Program Learning Outcomes
LO: Course Learning Outcomes