MONETARY AND FINANCIAL THEORY

Course Description

This course introduces students to the fundamental concepts and issues in monetary theory and policy. The course covers the structure of central banks, monetary policy goals and tools, monetary policy transmission mechanisms, and the implications of policies in a macroeconomic setting. The primary goal of this course is to improve students' knowledge of monetary economics and to combine knowledge from various courses into the setting of how monetary policy regulation and operation can provide stability in the macroeconomic setting                                             

MONETARY AND FINANCIAL THEORY

Evaluation Tools (Active Term)

Course outcomes

1. 01 Explain the role and responsibilities of Central banks
2. 02 Discuss the goals of Central Bank in conducting monetary policy
3. 03 Explain how Central Banks conduct monetary policy and the various policy tools at their disposal.
4. 04 Explain how Central Banks measure and manage the money supply.
5. 05 Explain how Central Banks influence the level of interest rates in an economy
6. 06 Describe the transmission process for monetary policy.
7. 07 Explain International finance and Monetary policy

Course Syllabus

Reference Books & Course Materials

1. 01 Frederick S. Mishkin The Economics of Money, Banking and Financial Markets 11th Edition Pearson

Learning Outcomes

1. L01 Develop an understanding of Central Banking and the use of monetary tools. SOLO 5
2. L02 Demonstrate ability to understand the money supply and transmission mechanisms of monetary policy SOLO 4
3. L03 Perform the tasks related to the central bank and commercial banks' balance sheets. SOLO 4
4. L04 Implement how monetary policy is used by the central banks to stabilize the economy SOLO 4
5. L05 Evaluate the relationship with the IS Curve, Aggregate demand, Inflation, and Interest Rates SOLO 5

Program Outcomes

1. P01 1. To be able to examine the basic problems in the field of Accounting and Finance with scientific methods, to interpret and evaluate the data.
2. P02 2. Muhasebe ve Finans alanındaki problemlere ilişkin uygulamada karşılaşılan karmaşık sorunları çözmek için bireysel ve grup üyesi olarak sorumluluk alabilmek ve çözüm üretebilmek.
3. P03 3. To be able to critically evaluate the knowledge and skills acquired in the fields of Accounting and Finance, to determine learning needs and to carry the learning process to an advanced level.
4. P04 4. To inform experts or non-experts on financial issues, to share their ideas and problems and solution methods by supporting them with quantitative and qualitative data.
5. P05 5. To be able to interpret and evaluate the discussions on the theoretical aspects of Accounting and Finance.
6. P06 6. To be able to identify regional and global problems that directly or indirectly affect financial issues, to develop solutions and strategies based on evidence and research.
7. P07 7. To be able to define, evaluate and interpret the classical and current theories of accounting and finance policies and strategies, differences and relationships between them.
8. P08 8. To have social, scientific and ethical values in the collection, interpretation, announcement and application of data in the field of accounting and finance and to assimilate these values.
9. P09 9. To be able to follow, understand, interpret and analyze the changing trends in accounting and financial activities in the world at an advanced level, and apply innovation and innovative working principles.
10. P10 10. To be able to set goals and take initiatives to achieve them, to be creative and open to criticism and to have professional competencies at an advanced level.
11. P11 11. To have an advanced level of foreign language to follow and use the information in the field and to communicate with colleagues.
12. P12 12. To have advanced computer software and hardware knowledge required by the field of Accounting and Finance, and to be able to use information and communication technologies at an advanced level.
13. P13 13. To be able to use theoretical and practical knowledge gained in the field of Accounting and Finance at an advanced level.
14. P14 14. To be able to benefit from other fields that form the basis of financial policies and to understand the interaction between these disciplines.

Po-Lo Matrix