Economics and Finance(English) | |||||
Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 |
Course Code: | FNCE313 | ||||||||
Course Name: | Monetary Economics | ||||||||
Course Semester: | Fall | ||||||||
Course Credits: |
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Language of instruction: | EN | ||||||||
Course Requisites: | |||||||||
Does the Course Require Work Experience?: | No | ||||||||
Type of course: | Compulsory | ||||||||
Course Level: |
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Mode of Delivery: | Face to face | ||||||||
Course Coordinator : | Dr.Öğr.Üyesi MEHMET GÖKHAN GÖKTAN | ||||||||
Course Lecturer(s): |
Prof. Dr. FATMA ÇİĞDEM ÇELİK Dr.Öğr.Üyesi MEHMET GÖKHAN GÖKTAN |
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Course Assistants: |
Course Objectives: | Become familiar with the money suppy process. Analyze and discuss ongoing monetary policy implementations of central banks. Identify the effects of monetary policy decisions on the economic activity |
Course Content: | An introduction to monetary theory; to the effects of monetary variables on the macroeconomic system; theories of the demand for money; classical monetary theory; monetary policy strategies; neutrality; inflation; interest-rate feedback rules; the banking system; financial intermediation; the determinants of the money supply; the transmission mechanism of monetary policy; the term structure of interest rates including inflation targeting; policymaking in an uncertain environment; the role of the Central Bank and the conduct of monetary policy; the interaction between monetary and fiscal policy and the arguments for Central Bank independence the nature and function of money; the Phillips curve; financial crises and the role of the central bank as a lender of last resort. |
The students who have succeeded in this course;
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Week | Subject | Related Preparation |
1) | What is Money? | none |
2) | Banking and the Management of Financial Institutions | reading |
3) | Central Banks: A Global Perspective | reading |
4) | The Money Supply Process | redaing |
5) | The Money Supply Process | reading |
6) | Tools of Monetary Policy | reading |
7) | The Conduct of Monetary Policy: Strategy and Tactics | reading |
8) | The International Financial System | reading |
9) | Quantity Theory, Inflation, and the Demand for Money | reading |
10) | The Monetary Policy and Aggregate Demand Curves | reading |
11) | Monetary Policy Theory | reading |
12) | Monetary Policy Theory | redaing |
13) | The Role of Expectations in Monetary Policy | reading |
14) | Transmission Mechanisms of Monetary Policy | reading |
15) | FINAL EXAM (ALL CHAPTERS) | none |
Course Notes / Textbooks: | The Economics of Money, Banking and Financial Markets Frederick S. Mishkin, 11th ed., (Global Edition) 2016 ISBN-10: 1-29-209418-4 • ISBN-13: 978-1-292-09418-2 |
References: | The Economics of Money, Banking and Financial Markets Frederick S. Mishkin, 11th ed., (Global Edition) 2016 ISBN-10: 1-29-209418-4 • ISBN-13: 978-1-292-09418-2 |
Learning Outcomes | 1 |
2 |
3 |
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Program Outcomes | ||||||||
1) Explain the advances in the area of economics and finance within the framework of scientific methodology, theories and models. | ||||||||
2) Employ the appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in the related areas, interpret results and propose solutions. | ||||||||
3) Explain the evolution of financial markets and institutions in a historical context and define how they operate. | ||||||||
4) Recognise the basic principles and regulations in the financial sector. | ||||||||
5) Discover and create entrepreneurial opportunities to successfully establish and develop their own ventures. | ||||||||
6) Recognise, interpret and discuss the current economic issues both at the national and global levels. | ||||||||
7) Have the English proficiency in following and interpreting the developments in the areas of economics and finance and in conducting written and oral communication. | ||||||||
8) Express the role of international capital markets in the global economy; accordingly define the concept of risk in terms of measurement and management. | ||||||||
9) Identify standards of personal, professional, social and business ethics, evaluate the ethical implications of various practices in the related areas, and be aware the importance of ethical behavior in adding value to the society. |
No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
Program Outcomes | Level of Contribution | |
1) | Explain the advances in the area of economics and finance within the framework of scientific methodology, theories and models. | 5 |
2) | Employ the appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in the related areas, interpret results and propose solutions. | 5 |
3) | Explain the evolution of financial markets and institutions in a historical context and define how they operate. | 4 |
4) | Recognise the basic principles and regulations in the financial sector. | 2 |
5) | Discover and create entrepreneurial opportunities to successfully establish and develop their own ventures. | 1 |
6) | Recognise, interpret and discuss the current economic issues both at the national and global levels. | 5 |
7) | Have the English proficiency in following and interpreting the developments in the areas of economics and finance and in conducting written and oral communication. | 4 |
8) | Express the role of international capital markets in the global economy; accordingly define the concept of risk in terms of measurement and management. | 4 |
9) | Identify standards of personal, professional, social and business ethics, evaluate the ethical implications of various practices in the related areas, and be aware the importance of ethical behavior in adding value to the society. | 1 |
Field Study | |
Peer Review | |
Individual study and homework | |
Reading | |
Homework |
Written Exam (Open-ended questions, multiple choice, true-false, matching, fill in the blanks, sequencing) | |
Oral Examination | |
Group project | |
Presentation | |
Reporting |
Semester Requirements | Number of Activities | Level of Contribution |
Midterms | 1 | % 40 |
Final | 1 | % 60 |
total | % 100 | |
PERCENTAGE OF SEMESTER WORK | % 40 | |
PERCENTAGE OF FINAL WORK | % 60 | |
total | % 100 |
Activities | Number of Activities | Duration (Hours) | Workload |
Midterms | 40 | 0 | 0 |
Final | 60 | 0 | 0 |
Total Workload | 0 |