Course Information

Semester	Course Unit Code	Course Unit Title	T+P+L	Credit	Number of ECTS Credits	Last Updated Date
2	FBS108	Theory Of Money And Monetary Policy	3+0+0	3	5	21.11.2024

Course Details

Language of Instruction	Turkish
Level of Course Unit	Associate Degree
Department / Program	Banking and Insurance Business
Type of Program	Formal Education
Type of Course Unit	Compulsory
Course Delivery Method	Face To Face
Objectives of the Course	Detailed Analysis of Monetary Concepts, Theories, Monetary Institutions and Policies
Course Content	Theoretical Framework of Monetary Theory and Policy
Course Methods and Techniques	Students are expected to come prepared for the subject of the week before the lesson. Weekly lectures are evaluated by midterm and final exams. In the final exam, students are held responsible for all subjects from the first week.
Prerequisites and co-requisities	None
Course Coordinator	Instructor Janberk Okan janberk.okan@gedik.edu.tr
Name of Lecturers	Instructor Janberk Okan janberk.okan@gedik.edu.tr
Assistants	None
Work Placement(s)	No

Recommended or Required Reading

Resources	Mishkin, Frederic S. (2007), The Economics of Money, Banking and Financial Institutions Mishkin, Frederic S. (2011), Monetary Policy Strategy Özatay, Fatih (2019), Parasal İktisat: Kuram ve Politika (İstanbul: Efil Yayınevi). Yalta, Yasemin (2020), Para Teorisi ve Politikası Ders Notları (TÜBA Açık Ders Malzemeleri Projesi) Yay, Gülsün G. (2015), Para ve Finans: Teori-Politika (İstanbul: Bilgi Ün. Yayınları)
Course Notes	Lecturing with current examples
Assignments	Ödev (%10)
Exams	Arasınav (%30) + Final (%60)

Course Category

Social Sciences	%60
Field	%40

Planned Learning Activities and Teaching Methods

Activities are given in detail in the section of "Assessment Methods and Criteria" and "Workload Calculation"

Assessment Methods and Criteria

ECTS Allocated Based on Student Workload

Activities	Quantity	Duration	Total Work Load
Course Duration	14	3	42
Hours for off-the-c.r.stud	14	3	42
Assignments	1	12	12
Mid-terms	1	12	12
Final examination	1	24	24
Total Work Load			Number of ECTS Credits 5 132

Course Learning Outcomes: Upon the successful completion of this course, students will be able to:

No	Learning Outcomes
1	Can define monetary variables (money supply, money demand, inflation, interest rate, exchange rate).
2	Know the foundations and theoretical framework of monetary theory.
3	Knows monetary policy instruments and their functioning.
4	Know how variables such as short and long term exchange rates and interest rates are determined.
5	Knows monetary policy regimes and monetary transmission mechanisms.

Weekly Detailed Course Contents

Week	Topics	Study Materials
1	Definition and Function of Money	Yasemin Yalta - Monetary Theory and Policy Lecture Notes Part 1
2	Interest Rates	Yasemin Yalta - Monetary Theory and Policy Lecture Notes Part 2
3	The Theories of Interest Rate	Yasemin Yalta - Monetary Theory and Policy Lecture Notes Part 3
4	Financial Markets and Financial Institutions	Yasemin Yalta - Monetary Theory and Policy Lecture Notes Part 4
5	Money Supply Process	Yasemin Yalta - Monetary Theory and Policy Lecture Notes Chapter 5
6	Monetary Policy	Yasemin Yalta - Monetary Theory and Policy Lecture Notes Chapter 6
7	The Demand for Money	Yasemin Yalta - Monetary Theory and Policy Lecture Notes Chapter 7
8	The IS-LM Model	Yasemin Yalta - Monetary Theory and Policy Lecture Notes Chapter 8
9	Money and Economic Activities	Yasemin Yalta - Monetary Theory and Policy Lecture Notes Chapter 9
10	Money and Inflation	Yasemin Yalta - Monetary Theory and Policy Lecture Notes Chapter 10
11	Rational Expectations Theory	Yasemin Yalta - Monetary Theory and Policy Lecture Notes Chapter 11
12	Policy Reflections of Rational Expectations Theory and Combating Inflation	Yasemin Yalta - Monetary Theory and Policy Lecture Notes Chapter 12
13	Determining the Exchange Rate	Yasemin Yalta - Monetary Theory and Policy Lecture Notes Chapter 13
14	Monetary Policy Regimes	Yasemin Yalta - Monetary Theory and Policy Lecture Notes Chapter 14

Contribution of Learning Outcomes to Programme Outcomes

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https://obs.gedik.edu.tr/oibs/bologna/progCourseDetails.aspx?curCourse=113354&lang=en