Information Package / Course Catalogue
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 AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory142370
Individual Work72228
Midterm Examination110111
Final Examination115116
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
4
4
4
OÇ-2
3
3
3
3
3
3
3
3
3
OÇ-3
4
4
4
3
5
3
3
3
3
OÇ-4
3
3
3
3
3
4
4
4
4
OÇ-5
3
3
3
3
3
3
3
3
3
Adnan Menderes University - Information Package / Course Catalogue