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Description of Individual Course Units| Course Unit Code | Course Unit Title | Type of Course Unit | Year of Study | Semester | Number of ECTS Credits | | İKT3012013201 | MONEY THEORY AND POLITICS-I | Compulsory | 3 | 5 | 6 |
| | Level of Course Unit | | First Cycle | | Objectives of the Course | | The aim of this course is to provide the students with a general knowledge on monetary theory and policy. Especially financial institutions, central banking, money supply and demand and interest theory. | | Name of Lecturer(s) | | Yrd.Doç.Dr. Aslı Güler | | Learning Outcomes | | 1 | Gain information fundamental conceptions, process and methods about money market, monetary theory and policy. | | 2 | Understand that the logic of money markets, the description of money supply and its determinants, money demands theories, the aims and instruments of monetary policy and fiscal policies. | | 3 | Determine the money supply by the aid of balance sheets of CB and dep.banks, the money multiplication, money demand and interest rates, the using of mon. pol. Instr., monetary transm. mech. and money and fiscal policy appl. | | 4 | Analyze the interaction mechanisms between financial sector and real sector by using technics which learned in monetary theory and policy courses and macroeconomics especially for Turkish economy and other economies. | | 5 | Attain the results that they are able to use by institutions that they implement economic stabilisation measures and monetary policy. |
| | Mode of Delivery | | Formal Education | | Prerequisites and co-requisities | | | Recommended Optional Programme Components | | | Course Contents | | Introduction (why study money?, what is money?, definitions of money and it's functions) , financial system (financial markets, it's structure, tools and functions, financial institutions) , financial sector in Turkey (the central bank, commercial banks, investment and development banks, insurance companies, credit cooperatives) , money supply (the definitions of money supply and the role of central banking, multiple deposit creation and money supply process, money multiplier end factors that determine the money multiplier) , demand for money (Quantity Theory of Money, Cambridge approach to money demand, Keynes's Liquidity Preference Theory, Friedman's Modern Quantity Theory, Neo Keynesian money demand theories, empirical evidence on the demand for money, monetary policy) , Interest theory.
| | Weekly Detailed Course Contents | |
| 1 | İntroduction to the theory of money
| | | | 2 | Meaning, features and occuring of Money
| | | | 3 | Kinds of Money
| | | | 4 | Functions of financial markets, basic structure and instruments of financial markets
| | | | 5 | Functions of financial markets, basic structure and instruments of financial markets
| | | | 6 | Financial institutions in Turkey : Cental Bank of Republic of Turkey and commercial banks
| | | | 7 | Financial institutions in Turkey : İstanbul Stock Exchange Market, bankers and other financial institutions.
| | | | 8 | Mid-term exam
| | | | 9 | Definition of money suply and the role of central bank (theoretical definition of money suply and CBRT definition of money suply
| | | | 10 | The process of money suply (deposits, loan, and money multipliers)
| | | | 11 | Theories of the demand for money (Neo-classical Quantity Theory : Fisher approach and Cambridge approach)
| | | | 12 | Modern quantity theory (Chicago approach of Neo-Klassical school)
| | | | 13 | Keynesian money demand theory
| | | | 14 | Neo Keynesian money demand theory
| | | | 15 | The Theory of interest
| | | | 16 | Written end-of-term exam
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| | Recommended or Required Reading | | Özyurt, H. 2006;Para Teorisi ve Politikası, Derya Kitabevi, Trabzon
Keyder, N. 2002; para Teori-Politika-Uygulama, Seçkin Yayıncılık ve Dağıtım, Ankara | | Planned Learning Activities and Teaching Methods | | | Assessment Methods and Criteria | |
| SUM | 0 | |
| SUM | 0 | | Yarıyıl (Yıl) İçi Etkinlikleri | 40 | | Yarıyıl (Yıl) Sonu Etkinlikleri | 60 | | SUM | 100 |
| | Language of Instruction | | Turkish | | Work Placement(s) | |
| | Workload Calculation | |
| Midterm Examination | 1 | 1 | 1 | | Final Examination | 1 | 1 | 1 | | Attending Lectures | 14 | 3 | 42 | | Self Study | 10 | 3 | 30 | | Individual Study for Mid term Examination | 8 | 5 | 40 | | Individual Study for Final Examination | 6 | 6 | 36 | | Reading | 3 | 10 | 30 | |
| Contribution of Learning Outcomes to Programme Outcomes | | LO1 | 4 | 4 | 4 | 5 | 5 | 4 | 3 | 4 | 4 | 4 | 3 | 4 | 3 | 4 | | LO2 | 4 | 5 | 4 | 5 | 5 | 5 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | | LO3 | 4 | 4 | 4 | 5 | 5 | 5 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | | LO4 | 4 | 4 | 4 | 5 | 5 | 5 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | | LO5 | 4 | 5 | 4 | 5 | 5 | 5 | 4 | 4 | 4 | 5 | 4 | 4 | 5 | 5 |
| | * Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High |
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