Academic Catalog

ECON311 MONETARY THEORY AND POLICY

Course Code:	3110311
METU Credit (Theoretical-Laboratory hours/week):	3(3-0)
ECTS Credit:	6.5
Department:	Economics
Language of Instruction:	English
Level of Study:	Undergraduate
Course Coordinator:	Prof.Dr. ELÝF AKBOSTANCI ÖZKAZANÇ
Offered Semester:	Fall and Spring Semesters.
Prerequisite:	Set 1: 3110202 Set 2: 3520202
One of the sets above should be completed before taking ECON311 MONETARY THEORY AND POLICY.

Course Content

Monetary theory and policy tools. An overview of the financial mechanism. Interest rate determination and the working of the capital market. Analysis of the demand and supply of money. Monetary transmission mechanism and monetary approach to balance of payments. Selected macro models in which money appears as an endogenous variable. Special applications to Turkey.