GAZI UNIVERSITY INFORMATION PACKAGE - 2019 ACADEMIC YEAR

COURSE DESCRIPTION
MONETARY POLICY/2090002
Course Title: MONETARY POLICY
Credits 3 ECTS 7.5
Semester 1 Compulsory/Elective Compulsory
COURSE INFO
 -- LANGUAGE OF INSTRUCTION
  Turkish
 -- NAME OF LECTURER(S)
  Prof. Dr. Selahattin Togay
 -- WEB SITE(S) OF LECTURER(S)
  websitem.gazi.edu.tr/site/stogay
 -- EMAIL(S) OF LECTURER(S)
  stogay@gazi.edu.tr
 -- LEARNING OUTCOMES OF THE COURSE UNIT
Learning main topics of Monetary Policy
we mentioned three policy tools that the TCMB can use to manipulate the money supply and interest rates
Central banks’actions affect interest rates, the amount of credit, and the money supply,
we examine two basic types of monetary policy strategy—exchange-rate targeting, and inflation targeting
we examine two basic types of monetary policy strategy—exchange-rate targeting, and inflation targeting
This week describes how the theories of the demand for money have evolved.
We will see that these monetary transmission mechanisms emphasize the link between the financial system and monetary theory, the subject of this part.
Bu bölümde, para arzı ve enflasyon arasındaki ilişki incelenecektir.
To explore the role of the money supply in determining the price level and total production of goods and services (aggregate output) in the economy. T
To explore the role of the money supply in determining the price level and total production of goods and services (aggregate output) in the economy. T
 -- MODE OF DELIVERY
  The mode of delivery of this course is Face to face
 -- PREREQUISITES AND CO-REQUISITES
  There is no prerequisite or co-requisite for this course.
 -- RECOMMENDED OPTIONAL PROGRAMME COMPONENTS
  There is no recommended optional programme component for this course.
 --COURSE CONTENT
1. Week  Introduction to Monetary Policy
2. Week  Tools of Monetary Policy I
3. Week  Tools of Monetary Policy II
4. Week  Monetary Policy: Aims and Targets I
5. Week  Monetary Policy: Aims and Targets II
6. Week  Monetary Policy Strategy: Exchange Rate Targeting, Intervening to Exchange Rate and Inflation Targeting I
7. Week  Monetary Policy Strategy: Exchange Rate Targeting, Intervening to Exchange Rate and Inflation Targeting II
8. Week  Midterm Exam
9. Week  Money Demand Theories I
10. Week  Money Demand Theories II
11. Week  Money-Production Relationship in Short run and Transmission Mechanism of Monetary Policy I
12. Week  Money-Production Relationship in Short run and Transmission Mechanism of Monetary Policy II
13. Week  Money and Inflation
14. Week  Monetary Policy Theory I
15. Week  Monetary Policy Theory II
16. Week  Final Exam
 -- RECOMMENDED OR REQUIRED READING
  [1] Mishkin, Frederic S., (2000),Para Teorisi – Para Politikası [2] Orhan, Osman Z., Seyfettin Erdoğan.,(2007), Para Politikası,Yazıt Yayın – Dağıtım, Ankara [3] Keyder, Nur.,(1998), Para:Teori, Politika ve Uygulama, Bizim Büro,Ankara
 -- PLANNED LEARNING ACTIVITIES AND TEACHING METHODS
  Lecture, Question & Answer, Demonstration, Drill - Practise
 -- WORK PLACEMENT(S)
  Not Applicable
 -- ASSESSMENT METHODS AND CRITERIA
 
Quantity
Percentage
 Mid-terms
1
40
 Assignment
0
0
 Exercises
0
0
 Projects
0
0
 Practice
0
0
 Quiz
0
0
 Contribution of In-term Studies to Overall Grade  
40
 Contribution of Final Examination to Overall Grade  
60
 -- WORKLOAD
 Efficiency  Total Week Count  Weekly Duration (in hour)  Total Workload in Semester
 Theoretical Study Hours of Course Per Week
14
3
42
 Practising Hours of Course Per Week
14
1
14
 Reading
14
1
14
 Searching in Internet and Library
2
20
40
 Designing and Applying Materials
1
10
10
 Preparing Reports
1
10
10
 Preparing Presentation
1
10
10
 Presentation
1
10
10
 Mid-Term and Studying for Mid-Term
1
10
10
 Final and Studying for Final
1
27
27
 Other
0
 TOTAL WORKLOAD: 
187
 TOTAL WORKLOAD / 25: 
7.48
 ECTS: 
7.5
 -- COURSE'S CONTRIBUTION TO PROGRAM
NO
 PROGRAM LEARNING OUTCOMES
1
2
3
4
5
1To have theoretical knowledge in the field of Economic Policy at the proficiency levelX
2To have knowledge about the general economic theories, monetary and fiscal policiesX
3To conceive the interaction between economics and other disciplinesX
4To analyze theoretical knowledge and to be able to use practical knowledgeX
5To develop solutions for economic problems by using research methodsX
6To have the experience of using information technologies and basic computer programs at the high level in order to share their accumulated knowledge and problem solving abilityX
7To communicate with colleagues by using a foreign languageX
8To have the ability to interpret economic and social events through the acquired capability to think analytically and critically, and to be open for innovative ideasX
9To have a sound knowledge of the quantitative and qualitative methods that will help to examine the premises of different theoriesX
10To be compatible for teamwork in order to use their accumulated knowledge in research projectsX
11To be able to work on matters that require expertise in economics independentlyX
12To be aware of professional and scientific ethical codes at stages of economic data collection and interpretationX
13To be able to use their leadership skills by taking responsibility in the face of complex economic problemsX