COURSE UNIT TITLE

: MONETARY POLICY DEBATE

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
IKT 6620 MONETARY POLICY DEBATE ELECTIVE 3 0 0 5

Offered By

Economics

Level of Course Unit

Third Cycle Programmes (Doctorate Degree)

Course Coordinator

ASSISTANT PROFESSOR AYLIN ABUK DUYGULU

Offered to

Economics

Course Objective

To teach basic and current issues concerning to monetary policy both Turkey and related countries by original and current literature.

Learning Outcomes of the Course Unit

1   To be able to understand theoretical foundations of monetary policy.
2   To be able to learn monetary strategies and theoretical relations behind them
3   To be able to analyze goals of monetary policies in the light of developments in Central Banking
4   To be able to evaluate recent develpoments in monetary policy
5   To be able to follow debates of heterodox economic approaches about monetary policy

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 1.Introduction and discussion of method
2 2.Conceptual debate related to monetary policy, basic concepts and basic definitions
3 3.Theory of Monetary Policy: Time-inconsistency and Credibility Problem
4 4.Theory of Monetary Policy: Rules versus Discretion
5 5.The Theoretical Framework of Credible Monetary Policy
6 6.Goals Of Monetary Policy: Price Stability and Financial Stability
7 7.Other Goals Of Monetary Policy
8 8.Targeting Strategies: Inflation targeting strategy
9 9.Objective Functions in Open and Closed Economies underconditions of Inflation Targeting Strategy
10 10.Heterodox Economic Approaches: Macroeconomic Framework
11 11.Post-Keynesian Theory and Monetary Policy - I
12 12.Post-Keynesian Theory and Monetary Policy - II
13 13.Monetary Policy Debates in Turkey - I
14 14.Monetary Policy Debates in Turkey - II

Recomended or Required Reading

Main References
Costas Lapavitsas ve Makoto Itoh (2012), Para ve Finansın Ekonomi Politiği, Yordam Kitap.
Peter Bofinger (2001), Monetary Policy, Goals, Instutions, Strategies and Instruments, Oxford University Press.
Fatih Özatay (2013), Parasal Iktisat-Kuram ve Politika, Efil Yayınevi.
OtherReferences
Costas Lapavitsas (2010), Finansallaşma ve Kapitalizmin Krizi, Yordam Kitap.
Fuat Ercan (2005), Para ve Kapitalizm, Devin Yayıncılık, Istanbul.
Sayım Işık (2004), Para, Finans ve Kriz, Akçağ Basım yayım ve pazarlama.
Gülsün Gürkan Yay (2012) Para ve Finans, Teori ve Politika, Istanbul Bilgi Üniversitesi Yayınları.
Carl E. Wlash (2003), Monetary Theory and Policy, The MIT Press.
Frederic S. Mishkin (2007), Para Politikası Stratejisi, Efil Yayınevi.

Planned Learning Activities and Teaching Methods

Explaining by lecturer and discussing with the students about related topics.Attandance to lecture is important and also significant factor to determine students performance. It is important for students to read the article which is given before and to summarize it shortly.

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MTE MIDTERM EXAM
2 STT TERM WORK (SEMESTER)
3 FIN FINAL EXAM
4 FCG FINAL COURSE GRADE MTE * 0.30 + STT * 0.20 + FIN* 0.50
5 RST RESIT
6 FCGR FINAL COURSE GRADE (RESIT) MTE * 0.30 + STT * 0.20 + RST* 0.50


*** Resit Exam is Not Administered in Institutions Where Resit is not Applicable.

Further Notes About Assessment Methods

None

Assessment Criteria

Attendance is compulsory and the participation of class discussions is expected.

Language of Instruction

Turkish

Course Policies and Rules

To be announced.

Contact Details for the Lecturer(s)

aylin.duygulu@deu.edu.tr

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 14 3 42
Preparations before/after weekly lectures 14 2 28
Preparation for final exam 1 15 15
Preparation for midterm exam 1 10 10
Preparing assignments 1 15 15
Reading 1 10 10
Midterm 1 3 3
Final 1 3 3
TOTAL WORKLOAD (hours) 126

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9
LO.15555
LO.25555
LO.35555555
LO.45555555
LO.55555555

CONTACT INFORMATION
Dokuz Eylül Üniversitesi Cumhuriyet Bulvarı No: 144 35210 Alsancak / İZMİR
Phone: +90(232) 412 12 12 - Fax: +90 (232) 464 81 35

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