Information Package / Course Catalogue - Adnan Menderes University

General Information Unit Staff Academic Information Programme Outcomes Course Structure Diagram Contact Information

Person Responsible for Information Package

Assoc. Prof. Zeliha CAN ERGÜN

Lec. Alper YILMAZ

Res. Assist. Ahmet AKBULUT

Res. Assist. Hatice CAN

Fatma KARACA

Monetary Theory

Course Code	: ECO303
Course Type	: Required
Couse Group	: First Cycle (Bachelor's Degree)
Education Language	: Turkish
Work Placement	: N/A

Theory	: 3
Prt.	: 0
Credit	: 3
Lab	: 0
ECTS	: 6

Objectives of the Course

The aim of this lesson is to make students get the general idea of monetary economy. In that sense, explaining how to establish the relationship among money, monetary market and macro economy in theory is aimed. Also, this lesson aims to have the students acquire the knowledge of financial markets, the past and the present of central bank and how it works.

Course Content

Value for your money- When the size and functions of Money, Monetary System, The Quantity Theory of General Equilibrium Approach, Keynes and post-analysis of the demand for Money, Money Supply Analysis: Balance sheet structure analysis of the CBT, Theories of Interest, IS / LM Analysis and Other Theories of interest.

Name of Lecturer(s)

Assoc. Prof. Birgül CAMBAZOĞLU

Learning Outcomes

1.	Obtains basic information about how the monetary economy works.
2.	Interprets by following the reviews of developments in the monetary economy.
3.	Interprets the Central Bank Account.
4.	Describes the theoretical foundations of monetary markets.
5.	Defines the financial markets explains how it works.

Recommended or Required Reading

1.	Hanifi ASLAN, Para Teorisi ve Politikası, Alfa Aktüel Yayınları.
2.	Gülsün Gürkan YAY, Para ve Finans Teori-Politika, İstanbul Bilgi Üniversitesi Yayınları.
3.	Bora SÜSLÜ - Özgür BALMUMCU, Modern Para Teorisi ve Politikası, Efil Yayınevi.
4.	Merih PAYA, Para Teorisi ve Para Politikası, Türkmen Kitabevi.
5.	John Maynard KEYNES - Para Üzerine Bir İnceleme, Türkiye İş Bankası Yayınları.

Weekly Detailed Course Contents

Week 1 - Theoretical

Theoretical Fundamentals of Money: What is Money?

Week 2 - Theoretical

Money and Economics: Economic Schools and the Relationship between Money & Output

Week 3 - Theoretical

The Role, Utility and Functions of Money in the Economy

Week 4 - Theoretical

Monetary Systems, Monetary Definitions, Central Banking and Free Banking

Week 5 - Theoretical

International Financial System: Financial Intermediaries, Assets and Money

Week 6 - Theoretical

Theories of the Demand for Money of Pre-Keynesian Economists

Week 7 - Theoretical

Theories of the Demand for Money of Post-Keynesian Economists

Week 8 - Theoretical

Portfolio Selection Theories

Week 9 - Theoretical

Money Supply Analysis and Deposit Money Creation Process

Week 10 - Theoretical

Money Supply Analysis and Deposit Money Creation Process

Week 11 - Theoretical

Classical Theories of Interest: Marx, Böhm-Bawerk, Wicksell, and the Austrian School of Economics

Week 12 - Theoretical

Keynesian and Monetarist Interest Theories, Interest Rates by Term Structures

Week 13 - Theoretical

Rational Expectations and Money: New Classical and New Keynesian Money Theory

Week 14 - Theoretical

An Alternative Approach to the Money Market: The Post-Keynesian School

Assessment Methods and Criteria

Type of Assessment	Count	Percent
Midterm Examination	1	%40
Final Examination	1	%60

Workload Calculation

Activities	Count	Preparation	Time	Total Work Load (hours)
Lecture - Theory	14	0	3	42
Reading	14	0	2	28
Individual Work	14	0	3	42
Midterm Examination	1	15	1	16
Final Examination	1	21	1	22
TOTAL WORKLOAD (hours)				150

Contribution of Learning Outcomes to Programme Outcomes

	PÇ-1	PÇ-2	PÇ-3	PÇ-4	PÇ-5	PÇ-6	PÇ-7	PÇ-8	PÇ-9	PÇ-10	PÇ-11	PÇ-12	PÇ-13	PÇ-14	PÇ-15
OÇ-1	3	4	5	4	3	4	3	4	2	4	3	5	5	5	4
OÇ-2	4	5	5	4	4	5	4	5	4	5	2	5	4	5	4
OÇ-3	4	5	4	5	4	5	5	5	4	3	4	4	3	4	3
OÇ-4	5	4	3	2	4	5	3	4	5	5	2	5	3	5	4
OÇ-5	4	5	4	3	5	5	3	5	5	5	2	5	4	2	4