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| IPOL5006 | Monetary Analysis-II | 3+0+0 | ECTS:7.5 | | Year / Semester | Spring Semester | | Level of Course | Second 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 | Doç. Dr. Ezgi BADAY YILDIZ | | Co-Lecturer | Prof. Dr. Haydar Akyazı | | 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 : | understand the graduate level monetary theory and policy | 2,5 | 1,5, | | PO - 2 : | understand the way that monetary policy and the financial markets work in both theory and practice. | 2,5 | 1,5, | | PO - 3 : | understand the main policy challenges which central banks face in choosing appropriate goals, instruments and targets in the conduct of their monetary policy | 2,5 | 1,5, | | PO - 4 : | understand the main determinants of interest rates in the bonds and money markets; understand the theories of the demand for and supply of money; understand how CB conduct monetary policy; applications and experiences. | 2,5 | 1,5, | | PO - 5 : | develop an applicable model for monetary policy makers | 2,5 | 1,5, | | 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 | | |
| Central bank balance sheet, monetary strategies and country applications, exchange-rate targeting and currency board, monetary targeting, inflation targeting, exchange and monetary policy in Turkey |
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| Course Syllabus | | Week | Subject | Related Notes / Files | | Week 1 | Theories of the demand for money (Neo-classical Quantity Theory : Fisher approach and Cambridge approach).
| | | Week 2 | Modern quantity theory (Chicago approach of Neo-classical school) and Keynesian money demand theory | | | Week 3 | Basic structure, goals and instruments of monetary policy.
| | | Week 4 | Central bank's balance sheet | | | Week 5 | European system of central banks | | | Week 6 | Federal reserve bank system | | | Week 7 | Optimum currency area | | | Week 8 | Mid-term exam | | | Week 9 | Monetary crisses | | | Week 10 | Monetary strategies and country applications. | | | Week 11 | Exchange rate targeting, currency board and monetary targeting | | | Week 12 | Inflation targeting, Quiz | | | Week 13 | The applications of monetary policies in Turkey since 1923.
| | | Week 14 | Monetary and fiscal policies, real and nominal sectors and IS-LM analysis, inefficiency of moneary and fiscal policies (crowding out).
| | | Week 15 | Macroeconomic general balance analysis: according to different economic schools transmitions mechanism (general balance analysis in Keynesian and Classical systems).
| | | Week 16 | End-of-term exam | | | |
| 1 | Mishkin, F.S. ; 2011; Para Bankacılık ve Finansal Piyasalar Iktisadı, Akademi Yayıncılık (Sekizinci Baskıdan Çeviri)
| | | 2 | Özatay, F; 2015; Parasal İktisat Kuram ve Politika, Efil Yayınevi | | | |
| Method of Assessment | | Type of assessment | Week No | Date | Duration (hours) | Weight (%) | | Mid-term exam | 8 | 04/2024 | 2 | 30 | | Presentation | 12 | 05/2024 | 1 | 20 | | End-of-term exam | 16 | 06/2024 | 2 | 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 | 9 | 14 | 126 | | Arasınav için hazırlık | 10 | 2 | 20 | | Arasınav | 1 | 1 | 1 | | Ödev | 3 | 1 | 3 | | Kısa sınav | 1 | 1 | 1 | | Dönem sonu sınavı için hazırlık | 15 | 2 | 30 | | Dönem sonu sınavı | 2 | 1 | 2 | | Total work load | | | 225 |
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