MONETARY POLICY PROGRAMME COURSE DESCRIPTION

Code	Name of the Course Unit	Semester	In-Class Hours (T+P)	Credit	ECTS Credit
EKF451	MONETARY POLICY	7	3	3	7

GENERAL INFORMATION
Language of Instruction :	Turkish
Level of the Course Unit :	BACHELOR'S DEGREE, TYY: + 6.Level, EQF-LLL: 6.Level, QF-EHEA: First Cycle
Type of the Course :	Compulsory
Mode of Delivery of the Course Unit	-
Coordinator of the Course Unit	Prof. BÜLENT EŞİYOK
Instructor(s) of the Course Unit	Assist.Prof. TUĞBA KANTARCI
Course Prerequisite	No

OBJECTIVES AND CONTENTS
Objectives of the Course Unit:	This course aims to provide the student with the competency to analyze the economic consequences of the monetary policy instruments and the public economy intervention.
Contents of the Course Unit:	Contents of the course include the subjects such as objectives, instruments and aims of monetary policy, central bank balance sheet items, interest rate theory and rational expectations theory.

KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to)
Explain the objectives and instruments of monetary policy.(2)
Interpret the monetary policy strategies.(4)
Analyze the effects of monetary policy strategies on the economic system.(4)
Discuss the comments made by Central Banks about monetary policy. (2)
Interpret the functioning mechanism of the Central Bank.(4)
Interpret the role of economic actors in the economy.(4)

WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY
Week	Preparatory	Topics(Subjects)	Method
1	Reading	Description and Functions of Money Objectives and Goals of Monetary Policy	Lecture & Question Answer & Analysis
2	Reading	Money Supply and Demand	Lecture & Question Answer & Analysis
3	Reading	Indicators and Instruments of Monetary Policy	Lecture & Question Answer & Analysis
4	Reading	Central Banking and Reflection of the applications of Monetary Policy to the balance of Central Bank	Lecture & Question Answer & Analysis
5	Reading	Financial Policies, Financial Institutions and International Financial System	Lecture & Question Answer & Analysis
6	Reading	General Balance of Economy	Lecture & Question Answer & Analysis
7	Reading	Monetary Policy Strategy	Lecture & Question Answer & Analysis
8	-	MID-TERM EXAM	-
9	Reading	Interest Rates	Lecture & Question Answer & Analysis
10	Reading	Effectiveness of Monetary Policy and Transfer mechanisms	Lecture & Question Answer & Analysis
11	Reading	Money and Inflation	Lecture & Question Answer & Analysis
12	Reading	Rational Expectations Theory	Lecture & Question Answer & Analysis
13	Reading	Determination of Exchange Rate	Lecture & Question Answer & Analysis
14	Reading	Monetary Policy in Türkiye	Lecture & Question Answer & Analysis
15	Reading	General Revision	Lecture & Question Answer & Analysis
16	-	FINAL EXAM	-
17	-	FINAL EXAM	-

SOURCE MATERIALS & RECOMMENDED READING
Paya, M. (2002). Para Teorisi ve Para Politikasi. Filiz Bookstore. Istanbul 2002
Parasiz, I (2008). Para Teorisi ve Politikasi. Ezgi Bookstore. Istanbul
Walsh, C.E. (2010). Monetary Theory and Policy. Massachusetts Inst. of Technology
Journal: TCMB Para Politikasi Kurulu Raporları (www.tcmb.gov.tr), Para ve Sermaye Piyasalari Journal (M.U.)

ASSESSMENT
Assessment & Grading of In-Term Activities	Number of Activities	Degree of Contribution (%)	Description

Level of Contribution
0	1	2	3	4	5

KNOWLEDGE
Theoretical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Define the basic concepts of economics, administrative and human sciences. (Bloom 1)				3
2	Evaluate the economic environment and overall sustainability of firms. (Bloom 4)					4

KNOWLEDGE
Factual
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Relate principles and concepts of economics and finance with other disciplines. (Bloom 4)				3
2	Define principles, concepts, methods and theories related with economics and finance. (Bloom 1)					4

SKILLS
Cognitive
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Interpret the charts and tables related to the field. (Bloom 2)				3

SKILLS
Practical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Evaluate the theoretical models of economic policies which have direct or indirect effects by using the facts and dynamics of the economic system.(Bloom 4)					4
2	Analyze economic and financial reports. ((bloom 4)					4
3	Use basic mathematics, statistics and econometric methods and tools to solve economic and financial problems. (Bloom 3)					4
4	Interpret the operation of current economic, political and social events by using institutional information related with Economics and Finance.(Bloom 2)					4

OCCUPATIONAL
Autonomy & Responsibility
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Organize economic and financial activities in humanitarian and social terms with adherence to ethics. (Bloom 4).				3

OCCUPATIONAL
Learning to Learn
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Develop a critical perspective on national and international economic, political, social, financial and development problems. (bloom 6)			2

OCCUPATIONAL
Communication & Social
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Follow the agenda on economics, politics and social issues and improve himself/ herself. (bloom 6)		1

OCCUPATIONAL
Occupational and/or Vocational
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Analyze current issues and problems by using the structure and properties of Macro and Microeconomics and variables. (Bloom 4)			2
2	Evaluate the effectiveness of the general economic system and public policies and their effects on markets and basic economic variables.(Bloom 4)				3
3	Analyze the cause and effect relationships between the relevant economic variables. (Bloom 4)			2
4	Evaluate the expected trends and portfolio analyzes in interest and exchange rates within the framework of the general financial system. (Bloom 4)						5

WORKLOAD & ECTS CREDITS OF THE COURSE UNIT
Workload for Learning & Teaching Activities
Type of the Learning Activites	Learning Activities (# of week)	Duration (hours, h)	Workload (h)
Lecture & In-Class Activities	14	3	42
Preliminary & Further Study	13	2	26
Land Surveying	0	0	0
Group Work	0	0	0
Laboratory	0	0	0
Reading	0	0	0
Assignment (Homework)	6	3	18
Project Work	0	0	0
Seminar	0	0	0
Internship	0	0	0
Technical Visit	0	0	0
Web Based Learning	0	0	0
Implementation/Application/Practice	0	0	0
Practice at a workplace	0	0	0
Occupational Activity	0	0	0
Social Activity	0	0	0
Thesis Work	0	0	0
Field Study	0	0	0
Report Writing	0	0	0
Final Exam	1	1	1
Preparation for the Final Exam	6	10	60
Mid-Term Exam	1	1	1
Preparation for the Mid-Term Exam	3	10	30
Short Exam	0	0	0
Preparation for the Short Exam	0	0	0
TOTAL	44	0	178