1. FIRST CYCLE - BACHELOR'S DEGREE
  2. FACULTY OF ECONOMICS & ADMINISTRATIVE SCIENCES
  3. ECONOMETRICS DEPARTMENT
  4. 211 ECONOMETRICS
Course Information Course Learning Outcomes Course's Contribution To Program ECTS Workload Course Details
Print

COURSE INFORMATION
Course CodeCourse TitleL+P HourSemesterECTS
EKON 309MONETARY THEORY AND POLICY3 + 05th Semester5

COURSE DESCRIPTION
Course Level Bachelor's Degree
Course Type Compulsory
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 11PO 12
LO 001341433333333
LO 002333333333333
LO 003444444444444
LO 004333333333333
LO 005444444444444
LO 006333333333333
LO 007555555555555
Sub Total252623262525252525252525
Contribution443444444444

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)14342
Assignments11010
Final examination12121
Midterm11515
Total Work Load

ECTS Credit of the Course





130

5
COURSE DETAILS
 Select Year   


 Course TermNoInstructors
Details 2023-2024 Fall3MUHAMMET ALİ AVCI


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 3 Turkish 2023-2024 Fall
Course Coordinator  E-Mail  Phone Number  Course Location Attendance
Asts. Prof. Dr. MUHAMMET ALİ AVCI maliavci@pau.edu.tr İİBF A0010 %60
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 Introduction
2 What is Money?
3 Financial System and CBRT (Central Bank of Republic of Turkey), CBRT' Balance Sheet
4 The Analysis of Money Supply: Deposit multiplier and Money supply multiplier
5 The Tools of Monetary Policy
6 The intermediate objectives of monetary policy
7 The choice of intermediate objectives of monetary policy
8 Midterm exam
9 The theories of money demand
10 Monetary and Fiscal policies in IS-LM model
11 Aggregate demand and aggregate supply analysis
12 Central banks and monetary policies
13 Money And Inflation
14 Final exam
Materials
Materials are not specified.
Resources
ResourcesResources Language
Nur Keyder, Para: Teori, Politika, Uygulama, Seçkin Yay., 2008Türkçe
Çetin Doğan ve İnci Parlaktuna (Ed.) Para teorisi ve Politikası, Lisans Yay., 2011Türkçe
F.Mishkin, The Economics of Money, Banking and Financial Markets (Para, Bankacılık ve Finansal Piyasalar İktisadı )(Çev. EdNazım Engin) Akdemi Yay., 2012Türkçe
Course Assessment
Assesment MethodsPercentage (%)Assesment Methods Title
Final Exam50Final Exam
Midterm Exam50Midterm Exam
L+P: Lecture and Practice
PQ: Program Learning Outcomes
LO: Course Learning Outcomes