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:	3
8	Theoretical (hour/week):	2
9	Practice (hour/week) :	0
10	Laboratory (hour/week) :	0
11	Prerequisites:	None
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:	adanurn@uludag.edu.tr, 0224 294 10 83 Uludağ Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, Görükle Kampüsü, Nilüfer/Bursa.
18	Website:
19	Objective of the Course:	The objective of the course is to provide knowledge of the role of money and introduce how this variable is related to main macroeconomic indicators.
20	Contribution of the Course to Professional Development

21

Learning Outcomes:

1 To be able to explain differrent monetary theories; 2 To be able to analyse money markets; 3 To be able to understand how interest rates determinate; 4 To be able to use exchange rates to calculate and compare returns on assets denominated in different currencies; 5 To be able to describe and discuss the national money markets in which interest rates are determinated; 6 To be able to analyse the relationship of money supply with inflation; 7 To be able to explain currency substitution and its causes; 8 To be able to follow and evaluate national and international economic indicators;

22	Course Content:

Week	Theoretical	Practical
1	Money, Output and Inflation
2	The Demand for Money I: Classical Economics and Quantity Theory of Money, Keynes’ Liquidity Preference Theory
3	The 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-Fund and Keynesian Interest Theories
9	Interest Theories, Inflation and Money II:The Term Structure of Interest Rates
10	The Determination of Exchange Rates
11	Money and Inflation
12	Money and Economic Growth
13	Currency Substitution I
14	Currency Substitution II

23	Textbooks, References and/or Other Materials:	Frederic S. Mishkin; Para Teorisi ve Politikası, 2000. Fatih Özatay; Parasal İktisat; Kuram ve Politika, 2011. Mahfi Eğilmez-Ercan Kumcu; Ekonomi Politikası: Teori ve Türkiye Uygulaması, 2006.
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
Information

25

ECTS / WORK LOAD TABLE

Activites	NUMBER	TIME [Hour]	Total WorkLoad [Hour]
Theoretical	14	2	28
Practicals/Labs	0	0	0
Self Study and Preparation	14	3	42
Homeworks, Performances	0	25	25
Projects	0	0	0
Field Studies	0	0	0
Midtermexams	0	0	0
Others	1	45	45
Final Exams	1	10	10
Total WorkLoad			150
Total workload/ 30 hr			5
ECTS Credit of the Course			5

26	CONTRIBUTION OF LEARNING OUTCOMES TO PROGRAMME QUALIFICATIONS
PQ1 PQ2 PQ3 PQ4 PQ5 PQ6 PQ7 PQ8 PQ9 PQ10 PQ11 LO1 4 3 4 4 3 4 4 4 4 4 5 LO2 4 4 4 5 4 4 4 5 3 4 4 LO3 4 4 4 4 4 4 4 4 4 5 4 LO4 4 4 4 4 3 4 4 5 4 3 4 LO5 4 5 3 4 4 5 3 4 4 4 5 LO6 4 4 3 4 3 4 4 4 4 3 4 LO7 4 4 4 4 4 3 4 4 3 4 5 LO8 4 3 4 3 4 4 4 4 4 3 3

LO: Learning Objectives

PQ: Program Qualifications

Contribution Level:

1 Very Low

2 Low

3 Medium

4 High

5 Very High