MONETARY ECONOMICS

ECON581

Course Code: ECON581
Semester: -
Theory+Practice: 3 + 0
ECTS: 10

Course Type

Elective Course

Course Level

Master's Degree With Thesis

Year of Study

Semester

ECTS

Name of Lecturer(s)

. Servıs Servıs

Learning Outcomes

At the end of this course, the students;

examine advanced topics in monetary economics with different types of economic approaches such as money-in-utility, cash-in-advance model, overlapping generations model, dynamic sticky price models and real business cycle model.

Mode of Delivery

Face to face

Prerequisites

Recommended Optional Programme Components

None

Course Description

The course provides the ability to comprehend global economic and financial issues, and to choose the appropriate policy solutions by using modern techniques of analysis.

Course Contents

WEEK	TOPICS
1^st Week	The short-run and long-run effect of money in the economy
2^nd Week	Money-in-Utility
3^rd Week	Money-in-Utility Cont.
4^th Week	Cash-in-advance model
5^th Week	Cash-in-advance model Cont.
6^th Week	Money in overlapping generations model
7^th Week	Money in overlapping generations model Cont.
8^th Week	Mid-Term
9^th Week	Dynamic sticky price models
10^th Week	Dynamic sticky price models Cont.
11^th Week	Financial crisis and real business cycle model
12^th Week	Financial crisis and real business cycle model Cont.
13^th Week	Determination of inflation, Optimal inflation rate
14^th Week	Determination of inflation, Optimal inflation rate Cont.

Recommended or Required Reading

Walsh, C. E. (2003). Monetary Theory and Policy. MIT Press
Gali J. (2008). Monetary Policy, Inflation, and the Business Cycle. Princeton University
Champ, B. and S. Freeman (2001). Modelling Monetary Economics. Cambridge University Press.
Özatay F. (2019). Parasal İktisat: Kuram ve Politika. Elif Yayinevi

Planned Learning Activities and Teaching Methods

Lecture
Discussion

Assessment Methods and Criteria

	Quantity	Percentage (%)
Mid-term	1	40
Assignment	1	10
Total(%)		50
Contribution of In-term Studies to Overall Grade(%)		50
Contribution of Final Examination to Overall Grade(%)		50
Total(%)		100

ECTS Allocated Based on Student Workload

Activities	Quantity	Duration (Hour)	Total Workload (Hour)
Midterm exam	1	2	2
Preparation for Quiz
Individual or group work	14	5	70
Preparation for Final exam	1	70	70
Course hours	14	3	42
Preparation for Midterm exam	1	60	60
Laboratory (including preparation)
Final exam	1	2	2
Homework	1	55	55
Total Work Load			301
Total Work Load / 30 (h)			10.03
ECTS Credit of the Course			10

Language of Instruction

Turkish

Work Placement(s)

Programme Qualifications / Learning Outcomes

	LO1
K1	X
K2	X
K3	X
K4	X
K5	X
K6	X
K7	X
K8	X
K9	X
K10