1. Anasayfa

Ders Notları

100% Complete (success)
Dikkat !!! Lütfen okuyunuz ...

Öğretim Üyesi (Üyeleri): Dr. Öğr. Üyesi Muhammet Daştan *

(*) Ders notu girebilmek için, bu alanda kendi isminiz yazıyor olmalı...

  • Bologna verilerinin girilmesi;
    ubys.omu.edu.tr adresinden,
    ÜBYS' de Öğretim Elemanları yetkisi seçilmeli... Öğretim elemanı danışmanlık işlemlerinden yapabilirsiniz...
Yıl: 2025, Dönem: Güz
ECO307, Monetary Theory and Policy (mufredatId:5151, dersId: 21706, programId: 4837)
Ders Kitabı / Malzemesi / Önerilen Kaynaklar

Frederic S. Mishkin (2018), The Economics of Money, Banking, and Financial Markets, Pearson. Carl E. Walsh (2017), Monetary Theory and Policy, MIT Press. Olivier Blanchard (2021), Macroeconomics, Pearson. IMF, ECB, Fed, CBRT reports, and recent academic articles.

Dersin İçeriği

The course explores the role of money in the economy, covering both its functions and the theoretical foundations of money demand and supply. It examines how central banks operate, the instruments they use, and the mechanisms through which monetary policy affects inflation, employment, and financial markets. Key debates such as the Phillips curve, expectations, and modern views on inflation are addressed, alongside policy strategies like inflation targeting and exchange rate management. Issues of financial stability, crises, and the interaction between monetary and fiscal policy are also discussed, with attention to open economy dynamics, communication strategies, and the particular challenges faced by emerging economies.

Dersin Amacı

The aim of this course is to provide students with a comprehensive understanding of monetary theory and policy. The course covers the functions of money, theories of money demand and supply, the role of central banks, monetary policy instruments, and their effects on the economy. Students will learn to analyze the transmission mechanisms of monetary policy and evaluate its impact on growth, stability, inflation, and unemployment. Comparative perspectives on developed and emerging economies’ policy strategies will also be discussed.

Haftalık Ders İçeriği

Hafta Teorik Uygulama Laboratuar Ders Notları
1 The nature of money, its functions, and its role in the financial system
2 Financial markets and the determination of interest rates
3 Theories of money demand: Classical, Keynesian, Monetarist, and New Keynesian approaches
4 Money supply, the monetary base, and the money multiplier
5 The central bank: independence, objectives, and policy tools
6 Transmission mechanisms of monetary policy: interest rate, credit, asset price, and expectations channels
7 Inflation and monetary policy: classical perspectives, Friedman’s contribution, and modern debates
8 The Phillips curve, the inflation–unemployment trade-off, and the role of expectations
9 Midterm Examination
10 Monetary policy strategies: inflation targeting, exchange rate targeting, and monetary targeting
11 Monetary policy and financial stability: financial crises, liquidity traps, and the zero lower bound
12 The interaction between monetary and fiscal policy
13 Monetary policy in an open economy: exchange rate regimes and capital flows
14 Managing expectations, central bank communication, and credibility
15 Monetary policy in emerging economies and comprehensive review