MONETARY THEORY AND POLICY PROGRAMME COURSE DESCRIPTION

Code	Name of the Course Unit	Semester	In-Class Hours (T+P)	Credit	ECTS Credit
BAY313	MONETARY THEORY AND POLICY	5	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	Assoc.Prof. HAKAN ÖZCAN
Instructor(s) of the Course Unit
Course Prerequisite	No

OBJECTIVES AND CONTENTS
Objectives of the Course Unit:	Objective of the course is to help students gain theoretical, analytical and practical knowledge / skills about money, banking, financial system and central banking
Contents of the Course Unit:	Contents of the course include definition, functions and types of money, money supply and demand, monetary systems and monetary theories, foreign exchange markets and monetary policies

KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to)
Define the basic concepts of monetary policy and banking
Explain the balance sheet of the Central Bank
Discuss the basic principles and practices of central banking
Analyze the role of financial intermediaries by using economic theory
Analyze money and monetary issues in theory and practice

WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY
Week	Preparatory	Topics(Subjects)	Method
1	Reading the related chapters in the book, following the developments, macro-economic data and markets	Definition of money, functions and properties, definitions of money, registered money, money supply	Narration Method, Discussion Method, Sample Case Method, Problem Solving Method, Interactive web tools
2	Reading the related chapters in the book, following the developments, macro-economic data and markets	Definitions of monetary theory and policy, money demand theories	Narration Method, Discussion Method, Sample Case Method, Problem Solving Method, Interactive web tools
3	Reading the related chapters in the book, following the developments, macro-economic data and markets	Keynesian System	Narration Method, Discussion Method, Sample Case Method, Problem Solving Method, Interactive web tools
4	Reading the related chapters in the book, following the developments, macro-economic data and markets	Monetary School (Monetarists)	Narration Method, Discussion Method, Sample Case Method, Problem Solving Method, Interactive web tools
5	Reading the related chapters in the book, following the developments, macro-economic data and markets	Interest Theories	Narration Method, Discussion Method, Sample Case Method, Problem Solving Method, Interactive web tools
6	Reading the related chapters in the book, following the developments, macro-economic data and markets	Multipliers	Narration Method, Discussion Method, Sample Case Method, Problem Solving Method, Interactive web tools
7	Reading the related chapters in the book, following the developments, macro-economic data and markets	Central Bank General Framework I	Narration Method, Discussion Method, Sample Case Method, Problem Solving Method, Interactive web tools
8	-	MID-TERM EXAM	-
9	Reading the related chapters in the book, following the developments, macro-economic data and markets	Central Bank General Framework I	Narration Method, Discussion Method, Sample Case Method, Problem Solving Method, Interactive web tools
10	Reading the related chapters in the book, following the developments, macro-economic data and markets	Central Bank General Framework II	Narration Method, Discussion Method, Sample Case Method, Problem Solving Method, Interactive web tools
11	Reading the related chapters in the book, following the developments, macro-economic data and markets	Balance of Payments Statement	Narration Method, Discussion Method, Sample Case Method, Problem Solving Method, Interactive web tools
12	Reading the related chapters in the book, following the developments, macro-economic data and markets	Monetary Stability	Narration Method, Discussion Method, Sample Case Method, Problem Solving Method, Interactive web tools
13	Reading the related chapters in the book, following the developments, macro-economic data and markets	Exchange Rate Targeting	Narration Method, Discussion Method, Sample Case Method, Problem Solving Method, Interactive web tools
14	Reading the related chapters in the book, following the developments, macro-economic data and markets	Dollarization, Inflation Targeting	Narration Method, Discussion Method, Sample Case Method, Problem Solving Method, Interactive web tools
15	Reading the related chapters in the book, following the developments, macro-economic data and markets	Monetary Transfer Mechanisms	Narration Method, Discussion Method, Sample Case Method, Problem Solving Method, Interactive web tools
16	-	FINAL EXAM	-
17	-	FINAL EXAM	-

SOURCE MATERIALS & RECOMMENDED READING
Orhan, O.Z., Erdoğan, S., (2015), Para Politikası, İstanbul: Umuttepe Yayınevi
Mishkin, F.S. (2017), The Economics of Money, Banking, and Financial Markets, Boston: Pearson Addison Wesley

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 basic concepts related with banking, insurance and finance.						5
2	Relates the theoretical and practical knowledge in the field to economics, business, law, statistics, accounting and marketing						5

KNOWLEDGE
Factual
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Relate banking and insurance applications to financial theories, mathematical and statistical methods.						5
2	Relate the information and facts in the field with other social sciences such as law, sociology, philosophy and history.						5

SKILLS
Cognitive
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Explain the planning and implementation process in banking and insurance transactions.						5
2	Provide solutions for the problems encountered in banking and insurance transactions.						5

SKILLS
Practical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Use theoretical and practical knowledge in the field of banking and insurance transactions.						5
2	By analyzing economic data accurately, manage savings and portfolio investments to minimize financial risks.						5

OCCUPATIONAL
Autonomy & Responsibility
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	He/She works as a leader or a team member in a teamwork from the planning of the banking transactions to the implementation and performs the task assigned to them within the team.						5

OCCUPATIONAL
Learning to Learn
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Gain the basic knowledge necessary for the planning process of banking and insurance activities and human resources performance management.					4
2	Use the computer programs related with field in banking and insurance transactions.					4

OCCUPATIONAL
Communication & Social
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Cooperate to bring innovative ideas to the stakeholders in the sector using banking insurance-related databases, information and communication technologies.					4
2	Research on scientific, sectoral developments and innovations related to the field with lifelong learning as a principle.						5

OCCUPATIONAL
Occupational and/or Vocational
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Analyze financial data related to his / her field.						5
2	Apply knowledge and skills related to his / her field by taking into account his legal, social and ethical responsibilities.						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	14	2	28
Land Surveying	0	0	0
Group Work	0	0	0
Laboratory	0	0	0
Reading	5	2	10
Assignment (Homework)	10	2	20
Project Work	0	0	0
Seminar	0	0	0
Internship	0	0	0
Technical Visit	0	0	0
Web Based Learning	5	7	35
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	5	6	30
Mid-Term Exam	1	1	1
Preparation for the Mid-Term Exam	3	4	12
Short Exam	0	0	0
Preparation for the Short Exam	0	0	0
TOTAL	58	0	179