GAZI UNIVERSITY INFORMATION PACKAGE - 2019 ACADEMIC YEAR

COURSE DESCRIPTION
INTERNATIONAL MONETARY THEORY/2110002
Course Title: INTERNATIONAL MONETARY THEORY
Credits 3 ECTS 7.5
Semester 1 Compulsory/Elective Compulsory
COURSE INFO
 -- LANGUAGE OF INSTRUCTION
  Turkish
 -- NAME OF LECTURER(S)
  Assist. Prof. Erol BULUT
 -- WEB SITE(S) OF LECTURER(S)
  http://www.websitem.gazi.edu.tr/site/bulut
 -- EMAIL(S) OF LECTURER(S)
  bulut@gazi.edu.tr
 -- LEARNING OUTCOMES OF THE COURSE UNIT
To endow the students with different economic approaches and enable them to compare the theories
Figuring out that economics and other social sciences are in interaction and gain ability to approach interdisciplinary
To monitor actual economics events in Turkey and the World
To recognize global economic actors
Analyze why some currencies get stronger while others get weaker using supply and demand analysis.
Assess the argument for and against having an undervalued/overvalued currency.
Compare the costs and benets of different exchange rate regimes.
Explain how and why the current financial crisis spread so rapidly from the US across the world
Discuss the historical roles played by the IMF and World Bank in global development.
Discuss the Washington Consensus policy recommendations for economic development.
 -- 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 International Monetary Theory
2. Week  National İncome Accounting
3. Week  Money, İnterest rate and Exchange Rates
4. Week  Assets Market and Exchange Rate Determination
5. Week  Purchasing Power Partity
6. Week  External Balance and The Equilibrium Real Exchange Rate
7. Week  The Balance of Payments Flow Approach To Exchange Rate Determination
8. Week  Mid-term Exam
9. Week  The Mundell-Fleming Model and The Determination Of Exchange Rates
10. Week  The Monetary Approach To Exchange Rate Determination
11. Week  Currency Substitution and Exchange Rate Determination
12. Week  The Portfolio Balance Approach To Exchange Rate Determination
13. Week  Fiscal Policy and The Determination Of Exchange Rates
14. Week  Central Bank İntervention and the Determination Of Exchange Rates
15. Week  Real İnterest Rate Differentials and The Determination Of Exchange Rates
16. Week  Final Exam
 -- RECOMMENDED OR REQUIRED READING
  Halil Seyitoğlu (2002), Uluslararası İktisat, Güzem Yayınları, İstanbul. Halil Seyitoğlu (2002), Uluslararası Finans, Güzem Yayınları, İstanbul. Dilek Özbek (1999), Uluslararası Para Sistemleri, İmaj Yayıncılık, Ankara. Suat Oktar (2001), Kuramda ve Uygulamada Para Kurulu, Bilim ve Teknik Yayınevi, İstanbul.TCMB, “2000 Yılı Enflasyonu Düşürme Programı: Kur ve Para Politikası Uygulaması,” 9 Aralık 1999, Ankara (Merkez Bankası Sitesi).,TCMB, “2002 Yılında Para ve Kur Politikası ve Muhtemel Gelişmeler,” 2 Ocak 2002, Ankara (Merkez Bankası Sitesi)TCMB, “2005 Yılında Para ve Kur Politikası ve Muhtemel Gelişmeler,” 2 Ocak 2005, Ankara , Ziya Öniş, “ Neo-Liberal Küreselleşmenin Sınırları: Türkiye Açısından Arjantin Krizi ve IMF’ye Karşılaştırmalı Bir Bakış” Ekim 2002., Nurhan Yentürk, Körlerin Yürüyüşü, Bilgi Üniversitesi , Erinç Yeldan, (2002), Küreselleşme Sürecinde Türkiye Ekonomisi, İletişim Yayınları, İstanbul., A.Ufuk Yıldız (2005), Kısa Vadeli Sermaye Hareketlerinin Vergilendirilmesi“
 -- PLANNED LEARNING ACTIVITIES AND TEACHING METHODS
  Lecture, Question & Answer, Demonstration, Drill - Practise
 -- 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
16
3
48
 Practising Hours of Course Per Week
0
 Reading
16
2
32
 Searching in Internet and Library
5
2
10
 Designing and Applying Materials
10
2
20
 Preparing Reports
8
2
16
 Preparing Presentation
5
1
5
 Presentation
6
1
6
 Mid-Term and Studying for Mid-Term
2
5
10
 Final and Studying for Final
2
5
10
 Other
15
2
30
 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 International Economics at the proficiency levelX
2To have detailed knowledge about the Foreign Trade Theories, the rules, institutions and process of world trade, and the effects of international capital movementsX
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