COURSE UNIT TITLE

: MONETARY POLICY

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
IKT 3002 MONETARY POLICY COMPULSORY 3 0 0 5

Offered By

Economics

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

PROFESSOR DOCTOR NILGÜN ACAR BALAYLAR

Offered to

Economics
Economics (Evening)

Course Objective

To gain ability to evaluate in the times of instability of monetary policy for which the monetary authority has to apply to review the possible consequences of these policies.

Learning Outcomes of the Course Unit

1   To be able to explain the importance of the position monetary policy in the economy policy
2   To be able to explain to indicators of the target of monetary policy and its main indicators
3   To be able to evaluate the macro-economic effects of monetary policy implementation.
4   To be able to analyze the reflections of monetary policy to economic agents (households, firms state)
5   To be able to compare the effecst of exchange rate policies on foreign trade, growth, employment and inflation.
6   To be able to analyze the central bank balance sheet.
7   To be able to interrogate the interactions between monetary and fiscal policy
8   To be able to evaluate the affects of globalization process with the channels of monetary for national economies

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 The importance of monetary policy, the relationship between the objectives and purposes
2 Relationship between exchange rate policy and monetary policy
3 Used to achieve the objectives of the monetary policy with instruments and examples of the use of these instruments to solve economic problems
4 Used to achieve te objectives of the monetary policy with instruments and examples of the use f these intruments to solve economic problems
5 Central Banking: MB'nın duties and powers, the independence of MB
6 Mainstream central banking and development central banking
7 Monetary policy theory: the rule-based and context-dependent monetary policy
8 Intermediate target strategies: monetary targeting and exchange rate targeting
9 Main targetin strategies: Inflation targeting
10 Central Bank Digital Currency and monetary policy effectiveness
11 Introduction to the Central Bank's balance sheet accounts, the impact of operations on the Central Bank's balance sheet
12 To obtain an analytical balance from the situation and the analysis of Central Bank's balance sheet , the Monetary Board as an institution of alternative of Central Bank
13 Monetary policies in Türkiye
14 Monetary policies in Türkiye

Recomended or Required Reading

Main Resources
1. Nur KEYDER, Para Teori ve Uygulama
2. Merih PAYA , Para Teorisi ve Politikası
3. Muhammet AKDIŞ, Para Teorisi ve Politikası
4. Ilker PARASIZ , Para Politikası
5. Ömer Faruk ÇOLAK, Tezer ÖCAL , Para Teorisi ve Politikası
Supplementary Resources
6. Peter BOFINGER, Monetary Policy
7. Osman Z. ORHAN-Seyfettin ERDOĞAN, Para politikası
8. Mehmet GÜNAL-Para Banka ve Finansal Sistem
9. Hanifi Aslan, Para Teorisi ve Politikası
10. Ilker PARASIZ, Faiz, Kriz ve Ayarlamalar.
11. Saruhan ÖZEL, Faiz, Enflasyon, Devalüasyon.
12. Ömer Faruk ÇOLAK, Finansal Piyasalar ve Para Politikası
13. Mahfi EĞILMEZ , Hazine.
14. Mahfi EĞILMEZ-Ercan KUMCU, Ekonomi Politikası.

Planned Learning Activities and Teaching Methods

This course given after the course of monetary policy at the period of fifth and applications of monetary policy on the basis of applications described in the World and Türkiye. Course contentsmonetary policy agenda of policy changes in the world and Türkiye and the course taken the possible effects of those for the economy are discussed .In addition, students are often given about articles on issues on the agenda is divided into the last 15 minutes for the debate.

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MTE MIDTERM EXAM
2 MTEG MIDTERM GRADE MTEG * 1
3 FIN FINAL EXAM
4 FCGR FINAL COURSE GRADE MTEG * 0.40 + FIN * 0.60
5 RST RESIT
6 FCGR FINAL COURSE GRADE (RESIT) MTEG * 0.40 + RST * 0.60


Further Notes About Assessment Methods

None

Assessment Criteria

To be announced.

Language of Instruction

Turkish

Course Policies and Rules

To be announced.

Contact Details for the Lecturer(s)

To be announced.

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Giving the Lecture 14 3 42
Preperation for the mid exam 1 10 10
Preperation for the final exam 1 12 12
Others 8 3 24
Before/After Lecture Preperation Process (Weekly) 12 3 36
Final Exam 1 1 1
Mid Exam 1 1 1
TOTAL WORKLOAD (hours) 126

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9
LO.111
LO.211
LO.3111
LO.411111
LO.511111
LO.6111
LO.711
LO.81