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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 | | İKT3022013201 | MONETARY THEORY AND POLICY-II | Compulsory | 3 | 6 | 6 |
| | Level of Course Unit | | First Cycle | | Objectives of the Course | | The course aims to provide to the students a general knowledge on monetary theory and policy. Especially monetary policy goals, instruments, and actions, monetary policy strategies, monetary policy in Turkey, monetary transmission mechanisms, monetary crises comprise the main framework of the course. | | Name of Lecturer(s) | | Yrd.Doç.Dr. Aslı Güler | | Learning Outcomes | | 1 | The general structure of monetary policy, goals and tools of monetary policy, para-fiscal policies will be understood. | | 2 | The use of monetary policy instruments, monetary policy strategies, functioning of monetary transmission mechanisms and monetary and fiscal and para-fiscal policy applications will be learned. | | 3 | By using macroeconomic analysis techniques, interaction mechanisms between financial sector and real sector can be analysed for an economy, especially for Turkish economy | | 4 | The experiences that was attained by the institutions which implemented economic stabilisation measures and monetary policies will be learned |
| | Mode of Delivery | | Formal Education | | Prerequisites and co-requisities | | None | | Recommended Optional Programme Components | | | Course Contents | | Monetary policy: The general structure of monetary policy: Goals and tools of monetary policy; Required reserve ratio, discount policy, open market operations, interest rate, selective credit control and moral suasion. Monetary policy Strategies: The role nominal anchor; exchange-rate targeting; monetary targeting; inflation targeting; monetary policy applications in Turkey. Monetary and fiscal policies: real and monetary sectors analysis with IS-LM curves, the factors which cause IS-LM curves to shift; monetary transmission mechanisms, monetary crises. | | Weekly Detailed Course Contents | |
| 1 | The basic structure of monetary policy, main and intermediate objectives of monetary policy.
| | | | 2 | Monetay policy instruments: Required reserve ratio, discount policy, open market operations, cash ratio.
| | | | 3 | Monetay policy instruments: Interest rate, the comparison of quantitative monetary policy instruments, selective monetary policy instruments, monetary policy instruments used by CBRT
| | | | 4 | The role of nominal anchor, Monetary policy strategies( monetary targeting, exchange rate targeting, inflation targeting)
| | | | 5 | The monetary policy actions in Turkey since 1923.
| | | | 6 | Monetary and fiscal policies, the analysis of the interactions between real and financial sectors via IS-LM curves.
| | | | 7 | Para-fiscal policy actions, the problem of inefficiency of monetary and fiscal policies: crowding-out.
| | | | 8 | Mid-term exam
| | | | 9 | The improvements in the theory of monetary policy
| | | | 10 | Macroeconomic general balance analysis: according to different economic schools transmissions mechanism (general balance analysis in Keynesian and Classical systems)
| | | | 11 | Monetary transmission channels
| | | | 12 | The factors affecting to monetary transmission mechanism
| | | | 13 | The effectiveness of monetary transmission channels in Turkey
| | | | 14 | Types of macroeconomic crises: real crises, financial crises.
| | | | 15 | Monetary crises, 2008 global financial crisis
| | | | 16 | End-of-term exam
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| | Recommended or Required Reading | | Özyurt, H. 2012;Para Teorisi ve Politikası, Aksakal Kitapevi, 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 | 14 | 4 | 56 | | Individual Study for Mid term Examination | 1 | 10 | 10 | | Individual Study for Final Examination | 1 | 15 | 15 | | Reading | 14 | 3 | 42 | |
| Contribution of Learning Outcomes to Programme Outcomes | | LO1 | 5 | 4 | 4 | 4 | 4 | 4 | 5 | 4 | 4 | 4 | 4 | 4 | 5 | 4 | | LO2 | 4 | 5 | 5 | 5 | 4 | 5 | 4 | 4 | 4 | 4 | 4 | 3 | 4 | 4 | | LO3 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | | LO4 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 4 | 5 | 5 |
| | * Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High |
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