Information Package / Course Catalogue - Adnan Menderes University

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Monetary Policy

Course Code	: MHY539
Course Type	: Area Elective
Couse Group	: Second Cycle (Master's Degree)
Education Language	: Turkish
Work Placement	: N/A

Theory	: 3
Prt.	: 0
Credit	: 3
Lab	: 0
ECTS	: 5

Objectives of the Course

To gain ability to evaluate in the times of instability of monetary policy for which the monetary authority has to apply to review the possible consequences of these policies.

Course Content

To be able to explain the importance of the position monetary policy in the economy policy, To be able to evaluate the macro-economic effects of monetary policy implementation, To be able to analyze the central bank balance sheet, To be able to interrogate the interactions between monetary and fiscal policy

Name of Lecturer(s)

Learning Outcomes

1.	To be able to explain the importance of the position monetary policy in the economy policy
2.	To be able to explain to indicators of the target of monetary policy and its main indicators
3.	To be able to evaluate the macro-economic effects of monetary policy implementation.
4.	To be able to analyze the reflections of monetary policy to economic agents (households, firms state)
5.	To be able to compare the effecst of exchange rate policies on foreign trade, growth, employment and inflation.

Recommended or Required Reading

1.	Nur KEYDER, Money Theory and Application

Weekly Detailed Course Contents

Week 1 - Theoretical

The importance of monetary policy, the relationship between the objectives and purposes

Week 2 - Theoretical

Used to achieve the objectives of the monetary policy with instruments and examples of the use of these instruments to solve economic problems

Week 3 - Theoretical

Used to achieve the objectives of the monetary policy with instruments and examples of the use of these instruments to solve economic problems

Week 4 - Theoretical

Central Banking: MB'nın duties and powers, the independence of MB

Week 5 - Theoretical

Monetary policy theory: the rule-based and context-dependent monetary policy

Week 6 - Theoretical

Intermediate target strategies: monetary targeting and exchange rate targeting

Week 7 - Theoretical

The main target strategies: the inflation-targeting

Week 8 - Intermediate Exam

Mid-term

Week 9 - Theoretical

Introduction to the Central Bank's balance sheet accounts, the impact of operations on the Central Bank's balance sheet

Week 10 - Theoretical

To obtain an analytical balance from the situation and the analysis of Central Bank's balance sheet , the Monetary Board as an institution of alternative of Central Bank

Week 11 - Theoretical

2001 disinflation program, the program's results and its theoretical and practical application

Week 12 - Theoretical

To pass the strong economy program and post

Week 13 - Theoretical

The global monetary issues (cross exchange rates, seigniorage, the EU monetary union)

Week 14 - Theoretical

The global monetary issues (cross exchange rates, seigniorage, the EU monetary union)

Week 15 - Theoretical

general discussion of monetary and exchange rate policies for Turkey

Week 16 - Final Exam

Final

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	2	3	70
Individual Work	7	2	2	28
Midterm Examination	1	10	1	11
Final Examination	1	15	1	16
TOTAL WORKLOAD (hours)				125

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
OÇ-1	4	4	4	4	4	4	5	5	5
OÇ-2	3	3	3	3	3	4	5	5	5
OÇ-3	3	5	5	5	4	4	4	4	5
OÇ-4	4	4	4	5	5	5	4	4	5
OÇ-5	5	5	5	5	5	5	5	4	4

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