COURSE SYLLABUS

MONETARY THEORY

1	Course Title:	MONETARY THEORY
2	Course Code:	IKT5107
3	Type of Course:	Optional
4	Level of Course:	Second Cycle
5	Year of Study:	1
6	Semester:	1
7	ECTS Credits Allocated:	4
8	Theoretical (hour/week):	2
9	Practice (hour/week) :	0
10	Laboratory (hour/week) :	0
11	Prerequisites:	Yok
12	Recommended optional programme components:	None
13	Language:	Turkish
14	Mode of Delivery:	Face to face
15	Course Coordinator:	Prof. Dr. Nejla AKLAN
16	Course Lecturers:
17	Contactinformation of the Course Coordinator:	Prof.Dr.Nejla ADANUR AKLAN adanurn@uludag.edu.tr 0224 294 41 083 Bursa Uludağ Üniversitesi, Görükle Kampüsü, İİBF
18	Website:
19	Objective of the Course:	The aim of the course is to provide information about the role of money in economics and to explain the relationship between money and basic macroeconomic indicators.
20	Contribution of the Course to Professional Development	Students taking the course will have the power to explain the function and role of money in economic life. In addition, they will learn about the views of economic thought schools about money.

Learning Outcomes:

1	To be able to explain different monetary theories.;
2	To be able to analyze the money markets.;
3	To be able to explain currency substitution and its reasons.;
4	To be able to analyze the relationship between money supply and inflation.;
5	To be able to use exchange rates in calculating and comparing the returns of assets with different currencies.;
6	To be able to follow and evaluate national and international economic indicators.;
7	To be able to explain the theoretical foundations of monetary policy and its effect on monetary policy.;
8	To be able to observe the effects of money supply, money demand, interest rate and exchange rate changes.;

22	Course Content:

Week	Theoretical	Practical
1	Money, Production and Inflation
2	Demand for Money I: Classical Economics and the Quantity Theory of Money, Keynes' Liquidity Preference Theory
3	Demand for Money II: Friedman's Modern Quantity Theory
4	Money Supply I: Central Bank Balance Sheet
5	Money Supply II: Monetary Base and Money Supply Process
6	Neoclassical-Keynesian Synthesis
7	Rational Expectations and Money
8	Interest Theories, Inflation and Money I: Classical, Loanable Funds and Keynesian Theories of Interest
9	Theories of Interest, Inflation and Money II: Term Structure of Interest Rates
10	Determination of Exchange Rates
11	Money and Inflation
12	Money and Economic Growth
13	Money Substitution I
14	Money Substitution II

23	Textbooks, References and/or Other Materials:	F. S. Mishkin(2004): The Economics of Money, Banking and Financial Markets, Addison Wesley, 7.th Edition, F.S. Mishkin and S.G. Eakins(2009): Financial Markets and Institutions, 6th edition, Pearson Int. Ed., M.K. Lewis and P.D. Mizen (2000): Monetary Economics, Oxford Un. Press J. Handa(2009): Monetary Economics, Routledge
24	Assesment

TERM LEARNING ACTIVITIES	NUMBER	PERCENT
Midterm Exam	0	0
Quiz	0	0
Homeworks, Performances	0	0
Final Exam	1	100
Total	1	100
Contribution of Term (Year) Learning Activities to Success Grade		0
Contribution of Final Exam to Success Grade		100
Total		100
Measurement and Evaluation Techniques Used in the Course	Student Presentations / Course Performance / Final Exam
Information	The course performance of the students will be evaluated by the lecturer who teaches the course.

ECTS / WORK LOAD TABLE

CONTRIBUTION OF LEARNING OUTCOMES TO PROGRAMME QUALIFICATIONS

LO: Learning Objectives

PQ: Program Qualifications

Contribution Level:

1 Very Low

2 Low

3 Medium

4 High

5 Very High