GAZI UNIVERSITY INFORMATION PACKAGE - 2019 ACADEMIC YEAR

COURSE DESCRIPTION
MONETARY ECONOMICS/1910002
Course Title: MONETARY ECONOMICS
Credits 3 ECTS 7.5
Semester 1 Compulsory/Elective Elective
COURSE INFO
 -- LANGUAGE OF INSTRUCTION
  Turkish
 -- NAME OF LECTURER(S)
  Doç.Dr. Afşin Şahin
 -- WEB SITE(S) OF LECTURER(S)
  http://www.gazi.edu.tr/afsinsahin
 -- EMAIL(S) OF LECTURER(S)
  afsinsahin@gazi.edu.tr
 -- LEARNING OUTCOMES OF THE COURSE UNIT
Understanding the micro based macroeconomic analysis
Learning the theory based monetary economics
Learning the econometric applications of monetary economics
Learning how to conduct research
Applying the mathematical economics subjects
Understanding the contemporary monetary policy and economics
Interpreting the monetary policy
Following the financial developments
Understanding the monetary theory
Developing the independent research ability
 -- 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 economy and monetary theory (Sullivan, Shefrin, Perez, Chapter 13 ve Chapter 14)
2. Week  Consumer behavior model in one period model (Williamson, 2014, Chapter 4) Consumer utility fonction Consumer Budget Constraint Indifference curves
3. Week  Firm behaviour (Williamson, 2014, Chapter 4) Profit maximization, total factor productivity, Solow residual (Solow, 1957), Labour demand curve
4. Week  Short and term monetary relationships (Walsh, 2010, Chapter 1)Dynamic cross correlations, applications, effects of money on output
5. Week  Midterm Exam
6. Week  Monetary Transmission Mechanism Reserve Option Mechanism
7. Week  Interest Rate Corridor Money Demand Function and Developments
8. Week  KYDLAND, F.E. and PRESCOTT, E.C. (1982). "Time to Build and Aggregate Fluctuations", Econometrica, 50(6): 1345-1370. LUCAS, R.E. (1972).
9. Week  Empirical findings on money, prices and output (Walsh, 2003, s. 9-40)
10. Week  Ekonomide Uzun Dönem İlişkiler Okuma Listesi MCCANDLESS, G. T. Jr., and WEBER, W. E. (1995). ‘‘Some Monetary Facts."
11. Week  Money in utility function (Walsh, 2003, s. 43-90) Money demand (Şahin, 2013) BROCK, W.A. (1974). "Money and Growth"
12. Week  Dynamic Stochastic General Equilibrium Model
13. Week  Dynamic Stochastic General Equilibrium Model
14. Week  Dynamic Stochastic General Equilibrium Model
15. Week  Matlab and DYNARE Applications
16. Week  Matlab and DYNARE Applications
 -- RECOMMENDED OR REQUIRED READING
  Temel Kaynaklar Frederic S. Mishkin (2011). Para, Bankacılık ve Finansal Piyasalar İktisadı, Akademi Yayıncılık. Carl E. Walsh (2010). Monetary Theory and Policy, Third Edition, Massachussets Institute of Technology. Yardımcı Kaynaklar O'Sullivan, Arthur, Sheffrin, M. Steven, Perez, Stephen (2014). Macroeconomics, Principles, Applications and Tools, Pearson Education, USA. Williamson, A. (2014). Macroeconomics, Pearson Education, USA. Richard Froyen (2013). Macroeconomics Theories and Policies, Pearson Education. David Romer (2012). Advanced Macroeconomics, Fourth Edition, McGraw-Hill Irwin. Fatih Özatay (2011). Parasal İktisat, Kuram ve Politika, Efil Yayınevi, Ankara. Nur Keyder (2008). Para, Teori Politika Uygulama, Geliştirilmiş 11. Baskı, Ankara. İlker Parasız (2009). Para Teori ve Politikası, Ezgi Kitabevi, Bursa. İlker Parasız (2011). Merkez Bankacılığı ve Para Politikası, Ezgi Kitabevi, Bursa. Yardımcı Makaleler Solow, Robert (1957). "Technical Chang
 -- PLANNED LEARNING ACTIVITIES AND TEACHING METHODS
  Lecture, Question & Answer, Demonstration, Drill - Practice
 -- 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
0
 Reading
14
2
28
 Searching in Internet and Library
14
1
14
 Designing and Applying Materials
14
1
14
 Preparing Reports
14
1
14
 Preparing Presentation
14
1
14
 Presentation
14
1
14
 Mid-Term and Studying for Mid-Term
14
1
14
 Final and Studying for Final
14
1
14
 Other
14
1
14
 TOTAL WORKLOAD: 
182
 TOTAL WORKLOAD / 25: 
7.28
 ECTS: 
7.5
 -- COURSE'S CONTRIBUTION TO PROGRAM
NO
 PROGRAM LEARNING OUTCOMES
1
2
3
4
5
1Students are able to find jobs in fields which require expertise in the real sector and financial sector.X
2Students will be able to participate actively in the management of organizations and apply theoretical information to business life.X
3Students will be innovative and equipped with information from different disciplines; in addition, they will have high self-confidence.X
4Students will be able to observe and analyse general economic indicators and national and international developments in the financial sector and comment on them by preparing financial statements.X
5Students will be able to think analytically.X
6Students will be able to communicate efficiently in written and spoken Turkish; they will know at least one foreign language.X
7Students will be able to identify the development of financial products in the banking industry and offer innovations.X
8Students will have information on banking legislation and be able to comment on it.X
9Students will be able to observe and measure banking risks as well as identify efficient protection methods.X
10Students will be able to analyse and comment on the legal and structural aspects of public finance and social security systems.X