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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 Assist.Prof.Dr. LOKMAN KANTAR
Instructor(s) of the Course Unit Assist.Prof.Dr. GÜLGÜN ÇİĞDEM

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

CONTRIBUTION OF THE COURSE UNIT TO THE PROGRAMME LEARNING OUTCOMES

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
Total Workload of the Course Unit 179
Workload (h) / 25.5 7
ECTS Credits allocated for the Course Unit 7,0