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Description of Individual Course Units| Course Unit Code | Course Unit Title | Type of Course Unit | Year of Study | Semester | Number of ECTS Credits | | İKT303B | Monetary Theory and Policy | Compulsory | 3 | 5 | 4 |
| | Level of Course Unit | | First Cycle | | Objectives of the Course | | The aim of this course is primarily to introduce the money market concepts, the financial structure and monetary theory in Turkey. Later, in this course, it is aimed to explain the functioning of monetary policy and its effects on the economy. | | Name of Lecturer(s) | | Doç. Dr. Şaduman YILDIZ | | Learning Outcomes | | 1 | To be able to explain the concepts related to the money market. | | 2 | To reveal the financial structure in Turkey. | | 3 | To be able to explain monetary policy tools. | | 4 | To reveal how monetary policy works. | | 5 | To be able to reveal how the inflation targeting policy works and what effects it has on the economy. |
| | Mode of Delivery | | Normal Education | | Prerequisites and co-requisities | | None | | Recommended Optional Programme Components | | None | | Course Contents | | Basic concepts, financial structure in Turkey and the Central Bank of the Republic of Turkey, monetary policy instruments, money supply, money demand, interest, monetary policy, monetary transmission mechanism and inflation targeting. | | Weekly Detailed Course Contents | |
| 1 | Definitions and Concepts 1: Money market, bills, bonds, certificates of deposit, repo, reverse repo, reverse repo, swap, portfolio, security, stock, letter of credit, nominal value, real value. | | | | 2 | Definitions and Concepts 2: Dividend, interest, withholding, stock market, deposit, deposit, short selling, spot market, emission, capital market, operational deficit, primary balance, seigniorage, interest, exchange rate. | | | | 3 | Financial Structure in Turkey and the Central Bank of the Republic of Turkey. | | | | 4 | Monetary Policy Tools | | | | 5 | Deposit Banks | | | | 6 | Financial Service Institutions | | | | 7 | Other Financial Institutions and Semi-Financial Institutions | | | | 8 | Mid-term Exam. | | | | 9 | Money Supply | | | | 10 | Money Demand | | | | 11 | Interest | | | | 12 | Expansionary Monetary Policy | | | | 13 | Contracting Monetary Policy | | | | 14 | Monetary Transfer Mechanism | | | | 15 | Inflation Targeting | | | | 16 | Final Exam. | | |
| | Recommended or Required Reading | | Keyder, N. 2002; Money Theory-Policy-Practice, Seçkin Publishing and Distribution, Ankara.
Özyurt, H. 2006; Money Theory and Policy, Derya Bookstore, Trabzon. | | Planned Learning Activities and Teaching Methods | | | Assessment Methods and Criteria | |
| Midterm Examination | 1 | 100 | | SUM | 100 | |
| Final Examination | 1 | 100 | | SUM | 100 | | Term (or Year) Learning Activities | 40 | | End Of Term (or Year) Learning Activities | 60 | | SUM | 100 |
| | Language of Instruction | | Turkish | | Work Placement(s) | | None |
| | Workload Calculation | |
| Midterm Examination | 1 | 1 | 1 | | Final Examination | 1 | 1 | 1 | | Attending Lectures | 14 | 3 | 42 | | Self Study | 14 | 3 | 42 | | Individual Study for Mid term Examination | 15 | 1 | 15 | | Individual Study for Final Examination | 15 | 1 | 15 | |
| Contribution of Learning Outcomes to Programme Outcomes | | LO1 | 3 | 4 | 4 | 4 | 3 | 3 | 2 | | LO2 | 3 | 3 | 4 | 4 | 3 | 3 | 2 | | LO3 | 4 | 4 | 4 | 4 | 3 | 3 | 2 | | LO4 | 4 | 4 | 4 | 4 | 3 | 3 | 2 | | LO5 | 4 | 4 | 4 | 4 | 3 | 4 | 2 |
| | * Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High |
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