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| IKT6060 | Advanced Monetary Analysis I | 3+0+0 | ECTS:7.5 | | Year / Semester | Fall Semester | | Level of Course | Third Cycle | | Status | Elective | | Department | DEPARTMENT of ECONOMICS | | Prerequisites and co-requisites | None | | Mode of Delivery | | | Contact Hours | 14 weeks - 3 hours of lectures per week | | Lecturer | Prof. Dr. Haydar AKYAZI | | Co-Lecturer | None | | Language of instruction | Turkish | | Professional practise ( internship ) | None | | | | The aim of the course: | | Objective of this course is to develop skills of the students in understanding and analyzing graduate topics on monetary. |
| Programme Outcomes | CTPO | TOA | | Upon successful completion of the course, the students will be able to : | | | | PO - 1 : | identify the fundamental monetary concepts. | 1,3,6 | 1, | | PO - 2 : | analyze the literature on monatary theory and policy. | 1,3,6 | 1, | | PO - 3 : | understand the monetary models, theories and transmission mechanism. | 1,3,6 | 1, | | PO - 4 : | analyze current monetary debates. | 1,3,6 | 1, | | PO - 5 : | explain the relationships between monetary and reel variables. | 1,3,6 | 1, | | PO - 6 : | compare the monetary policy strategies. | 1,3,6 | 1, | | CTPO : Contribution to programme outcomes, TOA :Type of assessment (1: written exam, 2: Oral exam, 3: Homework assignment, 4: Laboratory exercise/exam, 5: Seminar / presentation, 6: Term paper), PO : Learning Outcome | | |
| An overview of the monetary issues, the demand for money, the money supply, money supply analysis for Turkey, the money multiplier, interest in theory and practice, monetary transmission mechanism, central banking and the framework of monetary policy, international monetary system, monetary unions, financial crisis, rules versus discretion monetary policy |
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| Course Syllabus | | Week | Subject | Related Notes / Files | | Week 1 | An overview of the monetary issues, why money and monetary policy, role and importance of money in the macro economy, relationship between the financial and real sector | | | Week 2 | The demand of money, microeconomic determinants of the demand for money, macroeconomic determinants of the demand for money, the stability of the money demand function | | | Week 3 | Money supply, factors that determine the money supply, central bank balance sheet, money supply analysis for Turkey, money multiplier | | | Week 4 | Theory and practical interest, interest theories, determine the equilibrium interest rate, changes in the equilibrium interest rate, monetary policy and interest rates | | | Week 5 | Monetary transmission mechanism, opinions on the monetary transmission mechanism, traditional
interest channel, assest prices channel | | | Week 6 | A general history of central banking, basic functions and powers of the central banks, central bank independence, the objectives and tools of monetary policy, monetary policy strategies | | | Week 7 | An overview of the monetary policy implemented in Turkey | | | Week 8 | International monetary system, its history, problems in the international monetary system | | | Week 9 | Mid-term exam | | | Week 10 | Monetary unions, monetary unions in theory and practice, the EU and its future | | | Week 11 | Financial crisis, causes and effects of financial crises, financial crises in the world and Turkey | | | Week 12 | Quiz | | | Week 13 | Rules versus discretion monetary policy, application examples | | | Week 14 | Questions and problems related to topics | | | Week 15 | Questions and problems related to topics | | | Week 16 | End-of-term exam | | | |
| 1 | Mishkin, F. 2010; The Economics of Money, Banking and Financial Markets, Ninth Edition, The Addison-Wesley, USA | | | 2 | Keyder, N., Ertunga Evrim İ. 2012; Para Teori-Politika-Uygulama, Seçkin Yayıncılık ve Dağıtım, Ankara | | | 3 | Özatay, F. 2011; Parasal İktisat Kuram ve Politika, 3. Baskı, Efil Yayınevi, Ankara | | | |
| 1 | Özbilen, Ş. 2016; Para'nın Tarihi, Gazi Kitabevi, Ankara | | | 2 | Dornbusch, R., Fisher, S., Startz, R. 2016; Makroiktisat (12. Basımdan Çev: Salih AK), McGraw-Hill -Literatür Yayıncılık, İstanbul | | | 3 | Özyurt, H. 2015; Para Teorisi ve Politikası, Aksakal Kitabevi, Trabzon | | | |
| Method of Assessment | | Type of assessment | Week No | Date | Duration (hours) | Weight (%) | | Mid-term exam | 9 | .../11/2023 | 3 | 30 | | Quiz | 12 | ..../12/2023 | 2 | 20 | | End-of-term exam | 16 | ..../01/2024 | 3 | 50 | | |
| Student Work Load and its Distribution | | Type of work | Duration (hours pw) | No of weeks / Number of activity | Hours in total per term | | Yüz yüze eğitim | 3 | 14 | 42 | | Sınıf dışı çalışma | 11 | 14 | 154 | | Arasınav için hazırlık | 9 | 1 | 9 | | Arasınav | 3 | 1 | 3 | | Kısa sınav | 2 | 1 | 2 | | Dönem sonu sınavı için hazırlık | 12 | 1 | 12 | | Dönem sonu sınavı | 3 | 1 | 3 | | Total work load | | | 225 |
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