11111

COURSE INTRODUCTION AND APPLICATION INFORMATION


dm.ieu.edu.tr

Course Name
Code
Semester
Theory
(hour/week)
Application/Lab
(hour/week)
Local Credits
ECTS
Fall/Spring
Prerequisites
None
Course Language
Course Type
Elective
Course Level
-
Mode of Delivery -
Teaching Methods and Techniques of the Course
Course Coordinator
Course Lecturer(s)
Assistant(s)
Course Objectives
Learning Outcomes The students who succeeded in this course;
  • Will be able to explain monetary theories, policies, and money per se.
  • Will be able to discuss the monetary reasons of economic crises.
  • Will be able to analyze the relationship of Turkey with the International Monetary Fund (IMF).
  • Will be able to explain the functioning of the Central Bank and its conduct of monetary policy.
  • Will be able to discuss the reasons of inflation and its impact on the economy.
  • Will be able to analyze issues related to monetary unions, especially the Eurozone.
Course Description

 



Course Category

Core Courses
Major Area Courses
Supportive Courses
X
Media and Managment Skills Courses
Transferable Skill Courses

 

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week Subjects Required Materials
1 MONEY BASICS AND GOLD, HISTORY OF MONEY IN OTTOMAN AND REPUBLICAN ERAS, BRETTON WOODS Chapter I
2 MONETARY THEORIES, QUANTITY THEORY, ISLM MODEL (HICKS, HANSEN), IMPOSSIBLE TRINITY (MUNDELLFLEMING) Chapter II
3 CONCEPTS AND INNER RELATIONSHIPS OF Y=C+I+G+(XM) AND IS, GT AND XM, TURKEY’S RELATIONSHIP WITH THE IMF Chapter III
4 DEMAND AND SUPPLY OF MONEY; CENTRAL BANKS’ ROLE IN MONETARY POLICIES, INDEPENDENCE OF CENTRAL BANKS VERSUS HUMPHREYHAWKINS OF THE USA Chapter IV
5 MONETARY POLICIES, TURKISH CENTRAL BANK’S FUNCTIONING Chapter V
6 CENTRAL BANKS IN GENERAL Chapter VI
7 FED, BOE, ECB & EU, TCMB AND SEIGNIORAGE Chapter VII
8 RESERVE REQUIREMENTS, OPEN MARKET TRANSACTIONS Chapter VIII
9 FOMC, MONETARY POLICY COMMITTEEES OF TCMB & BOE Chapter IX
10 FOREIGN EXCHANGES, IMPACT ON ECONOMIES IN GENERAL AND MARKETS IN PARTICULAR Chapter X
11 THE REAL INTEREST RATES, EXPECTED INFLATION AND NOMINAL INTEREST RATES; IRVING FISHER, ROBERT MUNDELL JAMES TOBIN, MICHAEL DARBY MARTIN FELDSTEIN Chapter XI
12 ALL ABOUT INFLATION Chapter XII
13 MONETARY TRANSMISSION MECHANISM Chapter XIII
14 TAYLOR RULE, PHILLIPS CURVE Chapter XIV
15 DEMAND AND SUPPLY SIDE POLICIES Chapter XV
16 EUROZONE, MAASTRICHT CRITERIA Chapter XVI
Course Notes/Textbooks Halit Soydan's class notes
Suggested Readings/Materials Monetary Theory and Policy, 2nd Edition by Carl E. Walsh; The Theory of Monetary Institutions by Lawrence H. White; Monetary Theory and Bretton Woods; The Construction of an International Monetary Order (Historical Perspectives on Modern Economics) by Filippo Cesarano

 

EVALUATION SYSTEM

Semester Activities Number Weigthing
Participation
16
15
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
1
15
Presentation / Jury
Project
Seminar / Workshop
Oral Exam
Midterm
1
30
Final Exam
1
40
Total

Weighting of Semester Activities on the Final Grade
Weighting of End-of-Semester Activities on the Final Grade
Total

ECTS / WORKLOAD TABLE

Semester Activities Number Duration (Hours) Workload
Course Hours
(Including exam week: 16 x total hours)
16
3
48
Laboratory / Application Hours
(Including exam week: 16 x total hours)
16
Study Hours Out of Class
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
1
Presentation / Jury
Project
Seminar / Workshop
Oral Exam
Midterms
1
30
Final Exams
1
32
    Total
110

 

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#
Program Competencies/Outcomes
* Contribution Level
1
2
3
4
5
1 To have a grasp of basic mathematics, applied mathematics and theories and applications of statistics.
2 To be able to use theoretical and applied knowledge acquired in the advanced fields of mathematics and statistics,
3 To be able to define and analyze problems and to find solutions based on scientific methods,
4 To be able to apply mathematics and statistics in real life with interdisciplinary approach and to discover their potentials, X
5 To be able to acquire necessary information and to make modeling in any field that mathematics is used and to improve herself/himself, X
6 To be able to criticize and renew her/his own models and solutions,
7 To be able to tell theoretical and technical information easily to both experts in detail and nonexperts in basic and comprehensible way,
8

To be able to use international resources in English and in a second foreign language from the European Language Portfolio (at the level of B1) effectively and to keep knowledge up-to-date, to communicate comfortably with colleagues from Turkey and other countries, to follow periodic literature,

9

To be familiar with computer programs used in the fields of mathematics and statistics and to be able to use at least one of them effectively at the European Computer Driving Licence Advanced Level,

10

To be able to behave in accordance with social, scientific and ethical values in each step of the projects involved and to be able to introduce and apply projects in terms of civic engagement,

11 To be able to evaluate all processes effectively and to have enough awareness about quality management by being conscious and having intellectual background in the universal sense,
12

By having a way of abstract thinking, to be able to connect concrete events and to transfer solutions, to be able to design experiments, collect data, and analyze results by scientific methods and to interfere,

13

To be able to continue lifelong learning by renewing the knowledge, the abilities and the compentencies which have been developed during the program, and being conscious about lifelong learning,

14

To be able to adapt and transfer the knowledge gained in the areas of mathematics and statistics to the level of secondary school,

15

To be able to conduct a research either as an individual or as a team member, and to be effective in each related step of the project, to take role in the decision process, to plan and manage the project by using time effectively.

*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest

 

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