GAZI UNIVERSITY INFORMATION PACKAGE - 2019 ACADEMIC YEAR

COURSE DESCRIPTION
MONETARY THEORY/1100045
Course Title: MONETARY THEORY
Credits 3 ECTS 7.5
Semester 1 Compulsory/Elective Elective
COURSE INFO
 -- LANGUAGE OF INSTRUCTION
   Turkish
 -- NAME OF LECTURER(S)
  Prof. Selahattin Togay
 -- WEB SITE(S) OF LECTURER(S)
  http://www.websitem.gazi.edu.tr/site/stogay
 -- EMAIL(S) OF LECTURER(S)
  stogay@gazi.edu.tr
 -- LEARNING OUTCOMES OF THE COURSE UNIT
Learning and understanding of monetary theory and policy background.
 -- 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
  -
 --COURSE CONTENT
1. Week  Money demand theory-1: Classical and Keynesian money demand theory
2. Week  Money demand theory-2: (Portfolio Theory); Macroeconomic Portfolio Theory, Friedman's New Quantity Theory
3. Week  Money supply theory
4. Week  Interest rate theory
5. Week  Determination of the exchange rate
6. Week  Macroeconomic Balance
7. Week  Monetary transmission mechanism
8. Week  Mid-Term Exam
9. Week  Inflation and Money
10. Week  interaction between monetary and fiscal policies
11. Week  The theory of monetary policy
12. Week  Monetary policy strategies-1: Monetary control and exchange rate based strategy
13. Week  Monetary policy strategies-2:Inflation targeting
14. Week  The effectiveness of monetary policy in Classical and Keynesian Theory
15. Week  The effectiveness of monetary policy in the New Classical and New Keynesian Theory
16. Week  
 -- RECOMMENDED OR REQUIRED READING
  Bofinger, P.(2001),"Monetary Policy", Oxford University Press. "Monetary Economics", B.McCallum "Monetary Economics", M.K.Lewis, P.D.Mizen Mishkin, Frederic (2009) The Economics of Money, Banking and Financial Markets, Pearson. ”Essentials of Monetary and Fiscal Economics”, C.Jain, I. Tomic,Graceway Publishing,
 -- PLANNED LEARNING ACTIVITIES AND TEACHING METHODS
  Anlatım, Soru-Yanıt, Gösterme, Uygulama - Alıştırma
 -- WORK PLACEMENT(S)
  -
 -- ASSESSMENT METHODS AND CRITERIA
 
Quantity
Percentage
 Mid-terms
1
50
 Assignment
0
0
 Exercises
0
0
 Projects
0
0
 Practice
0
0
 Quiz
0
0
 Contribution of In-term Studies to Overall Grade  
50
 Contribution of Final Examination to Overall Grade  
50
 -- WORKLOAD
 Efficiency  Total Week Count  Weekly Duration (in hour)  Total Workload in Semester
 Theoretical Study Hours of Course Per Week
15
3
45
 Practising Hours of Course Per Week
0
 Reading
15
4
60
 Searching in Internet and Library
15
3
45
 Designing and Applying Materials
0
 Preparing Reports
0
 Preparing Presentation
0
 Presentation
0
 Mid-Term and Studying for Mid-Term
1
13
13
 Final and Studying for Final
2
12
24
 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 Theory at the proficiency levelX
2To have detailed knowledge about the basic concepts of economics, relations among these concepts and macro and micro economic theoriesX
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