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| IKT3002 | Monetary Policy | 3+0+0 | ECTS:5 | | Year / Semester | Spring Semester | | Level of Course | First Cycle | | Status | Compulsory | | 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. Metin Berber | | Language of instruction | Turkish | | Professional practise ( internship ) | None | | | | The aim of the course: | | The course aims to provide students with undergraduate-level information on monetary policy, especially monetary policy objectives, tools and practices, monetary policy strategies, monetary transmission mechanisms, and monetary crises. |
| Learning Outcomes | CTPO | TOA | | Upon successful completion of the course, the students will be able to : | | | | LO - 1 : | The general structure aims, and instruments of monetary policy will be understood. | 3,6 | 1, | | LO - 2 : | The use of monetary policy instruments, monetary policy strategies, functioning of monetary transmission mechanisms, and para-fiscal policy applications will be learned. | 3,6 | 1, | | LO - 3 : | By using macroeconomic analysis techniques, interaction mechanisms between the financial sector and the real sector can be analyzed for an economy, especially for the Turkish economy | 3,6 | 1, | | LO - 4 : | The experiences that was attained by the institutions which implemented economic stabilisation measures and monetary policies will be learned | 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), LO : Learning Outcome | | |
| The basic structure of the monetary policy, Main Objectives of Monetary Policy, Conflicting and Complementary Goals, Intermediate Objectives of Monetary Policy, Monetary Policy Tools: Traditional/Non-traditional Tools, Monetary Policy Tools: Quantitative/Selective Tools, Monetary Policy Strategies: The role of nominal anchor, Monetary Policy Strategies: Monetary Targeting, Exchange Rate Based Strategies, Inflation Targeting, Monetary Transmission Channels, The Factors Affecting to Monetary Transmission Mechanism, Types of Macroeconomic Crises: Real Crises/Financial Crises, Monetary Crises/ 2008 Global Financial Crisis |
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| Course Syllabus | | Week | Subject | Related Notes / Files | | Week 1 | Economic Policies and Classifications | | | Week 2 | The Basic Structure of Monetary Policy | | | Week 3 | Main Objectives of Monetary Policy | | | Week 4 | Conflicting and Complementary Goals | | | Week 5 | Intermediate Objectives of Monetary Policy | | | Week 6 | Monetary Policy Tools: Traditional Tools | | | Week 7 | Monetary Policy Tools: Quantitative Tools | | | Week 8 | Monetary Policy Tools: Selective Tools | | | Week 9 | Mid-term exam | | | Week 10 | Monetary Policy Tools: Non-traditional Tools | | | Week 11 | Monetary Policy Strategies: The role of nominal anchor | | | Week 12 | Monetary Policy Strategies: Monetary Targeting, Exchange Rate Based Strategies, Inflation Targeting | | | Week 13 | Monetary Transmission Channels | | | Week 14 | The Factors Affecting to Monetary Transmission Mechanism | | | Week 15 | Types of Macroeconomic Crises: Real Crises/Financial Crises, Monetary Crises/ 2008 Global Financial Crisis | | | Week 16 | End-of-term exam | | | |
| 1 | Özyurt, H. 2015;Para Teorisi ve Politikası, Aksakal Kitapevi, Trabzon | | | |
| 1 | Özatay, F. 2015;Parasal İktisat Kuram ve Politika, Efil Yayınevi, Ankara | | | 2 | Mishkin, F. S. Para, Bankacılık ve Finansal Piyasalar İktisadı, 2016-Sekizinci Baskıdan Çeviri (Çeviri Editörü: Prof. Dr. Nazım Engin) | | | |
| Method of Assessment | | Type of assessment | Week No | Date | Duration (hours) | Weight (%) | | Mid-term exam | 9 | 04/2024 | 1 | 50 | | End-of-term exam | 16 | 06/2024 | 1 | 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 | 3 | 14 | 42 | | Arasınav için hazırlık | 15 | 2 | 30 | | Arasınav | 1 | 1 | 1 | | Dönem sonu sınavı için hazırlık | 17 | 2 | 34 | | Dönem sonu sınavı | 1 | 1 | 1 | | Total work load | | | 150 |
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