Course Information


Course Information
Course Title Code Semester L+U Hour Credits ECTS
MONETARY THEORY IKT3007 5. Semester 3 + 0 3.0 6.0

Prerequisites None

Language of Instruction Turkish
Course Level Bachelor's Degree
Course Type Compulsory
Mode of delivery
Course Coordinator
Instructors Anıl AKÇAĞLAYAN
Assistants
Goals To learn monetary topics in economic theories
Course Content Issues related to money in a historical perspective starting from classical theory
Learning Outcomes 1) To analiyze topics about money
2) Monetary theory
3) Macroeconomy

Weekly Topics (Content)
Week Topics Teaching and Learning Methods and Techniques Study Materials
1. Week Keynesian Monetary Economics, Importance of Money, Motivation for Holding Money Lecture

Project Based Learning 		Homework
2. Week General Introduction to Monetary Economics, Process of Money Supply Determination, Determination of Interest Rates Lecture

Project Based Learning 		Homework
3. Week Classical Heritage, Walrasian System Lecture

Project Based Learning 		Homework
4. Week Quantity Theory, Transfer Mechanism, Loanable Funds Lecture

Project Based Learning 		Homework
5. Week Critics of Patinkin, Determination of Prices Lecture

Project Based Learning 		Homework
6. Week Invalidity of Classical Dichotomy, Real Balance Effect, Evaluation of Patinkin's Contributions, Walrasian Heritage Lecture

Project Based Learning 		Homework
7. Week Theory of Liquidity Preference, Keynes and Classicals, Hicks and Vade Structure Lecture

Project Based Learning 		Homework
8. Week General Framework of Portfolio Analysis, Hicks and LSE Tradition Lecture

Project Based Learning 		Homework
9. Week Portfolio Approach to Money Demand for Exchange, Portfolio Approach to Precautionary Money Demand Lecture

Project Based Learning 		Homework
10. Week Monetarism and Quantity Theory, Re-evalution of Friedman, State of Quantity Theory Lecture

Project Based Learning 		Homework
11. Week Nominal and Real Interest Rates, Inflationist Equilibrium, Hyperinflation, Inflation Tax Lecture

Project Based Learning 		Homework
12. Week Quantity Theory in Open Economy, Asset Model of Exchange Rate, Monetary Models, Money Substitution Models Lecture

Project Based Learning 		Homework
13. Week New Classical Economics, Creation of Expectations, Phillips Curve and Lucas's Islands Model, Policy Inefficiency Theorem, Policy Inefficiency Rule Expectations, Contracts and New Keynesian Economics, Lucas Critique Lecture

Project Based Learning 		Homework
14. Week Optimal Monetary Policy Design Lecture

Project Based Learning 		Homework

Sources Used in This Course
Recommended Sources
Aktan, Coşkun Can (2008), Yeni İktisat Okulları, Seçkin Yayınevi, Ankara. Aren, S. (1986), Para ve Para Politikası, Gerçek Yayınevi, İstanbul. Bulut, E. ve B. Demirel (2012), Uluslarararsı Para Sisteminin Evrimi, Gazi Kitapevi, Ankara. Cesur, F. (2010), Para ve Para Teorileri, Kriter Yayınları, İstanbul. Ertuğrul, A. (1992), Para Teorisi, Ankara. Lewis, M.K. ve P. D. Mizen (2000), Monetary Economics, Oxford Uni. Press, Oxford. Mishkin, F. (2013), The Economics of Money, Banking, and Financial Markets, Tenth Edtion, Pearson, England. Öçal T. ve Ö.F. Çolak (1999), Para Teori ve Politikası, Nobel Yayınevi, Ankara. Özbilen, Şevki (2015), Para Teorisi, Seçkin Yayınevi, Ankara. Sekmen, Fuat (2012), Para Teorisi, Seçkin Yayınevi, Ankara. Snowdon, B. ve H. R. Vane (2012), Modern Makroekonomi, Çeviri editörü Barış Kablama- cı, Efil Yayınevi, Ankara. Turan, G. G. (1982), Uluslararası Para Sistemleri, Türkiye İş Bankası Kültür Yayınları. Ünsal, E. ( ), Makroİktisat, Yay, G. G. (2012), Para ve Finans: Teori-Politika, İstanbul Bilgi Üniversitesi Yayınları, İstanbul.

Relations with Education Attainment Program Course Competencies
Program RequirementsContribution LevelDK1DK2DK3
PY15555
PY25000
PY35000
PY45000

*DK = Course's Contrubution.
0 1 2 3 4 5
Level of contribution None Very Low Low Fair High Very High
.

ECTS credits and course workload
Event Quantity Duration (Hour) Total Workload (Hour)
Course Duration (Total weeks*Hours per week) 14 3
Work Hour outside Classroom (Preparation, strengthening) 14 5
Homework 1 10
Quiz 7 1.5
Midterm Exam 1 1
Time to prepare for Midterm Exam 3 5
Final Exam 1 1.5
Time to prepare for Final Exam 3 5
Dönem İçi Notu (DİN) 1 1
Dönem Sonu Sınavı (DSS) 1 1
Total Workload
Total Workload / 30 (s)
ECTS Credit of the Course
Quick Access Hızlı Erişim Genişlet
Course Information
  • Course Information
  • Weekly Topics (Content)
  • Sources Used in This Course
  • Relations with Education Attainment Program Course Competencies
  • ECTS credits and course workload