Information Package / Course Catalogue
Monetary Policy
Course Code: ECON308
Course Type: Required
Couse Group: First Cycle (Bachelor's Degree)
Education Language: Turkish
Work Placement: N/A
Theory: 3
Prt.: 0
Credit: 3
Lab: 0
ECTS: 5
Objectives of the Course

The monetary policy course aims to analyze economic policies using the concepts learned in the monetary theory course and to evaluate how monetary policies can contribute to macroeconomic objectives such as economic growth, inflation, and employment.

Course Content

The course focuses on the basic concepts, instruments, monetary policy, monetary and financial system, its implementation and economic effects.

Name of Lecturer(s)
Prof. Abdullah ÖZDEMİR
Learning Outcomes
1.Explains the main objectives of monetary policy and understands their importance for the economy.
2.Identifies classical and modern monetary policy tools and compares their characteristics and economic effects.
3.Analyzes the target-setting strategies in monetary policy and evaluates their impact on economic performance.
4.Describes monetary transmission mechanisms and examines their role in economic policy.
5.Analyzes how monetary policy has evolved in different periods in Turkey and interprets the effects of these developments on economic conditions.
Recommended or Required Reading
1.Özatay, F. (2011). Parasal İktisat, Kuram ve Politika, Ankara: Efil Yayınevi.
2.Parasız, İ. (2014). Para Teorisi ve Politikası, Bursa: Ekin Kitabevi.
Weekly Detailed Course Contents
Week 1 - Theoretical
Monetary Policy Objectives
Week 2 - Theoretical
Classical Monetary Policy Instruments
Week 3 - Theoretical
Modern Monetary Policy Instruments
Week 4 - Theoretical
Goal-Setting Strategy
Week 5 - Theoretical
Monetary Transmission Mechanism (CBRT Model)
Week 6 - Theoretical
Monetary Transmission Mechanism (Mishkin Model)
Week 7 - Theoretical
Development of Monetary Policy in Turkey by Periods (Ottoman and Republic of Turkey Foundation Period)
Week 8 - Theoretical
Development of Monetary Policy in Turkey by Periods (After 1938 Period and today)
Week 9 - Theoretical
Monetary Policy Regimes 1: Monetary Targeting Strategy
Week 10 - Theoretical
Monetary Policy Regimes 2: Exchange Rate Targeting Strategy
Week 11 - Theoretical
Monetary Policy Regimes 3: Inflation Targeting Strategy
Week 12 - Theoretical
Monetary Policy Regimes Applications in Turkey
Week 13 - Theoretical
Financial Crisis Models
Week 14 - Theoretical
Orthodox and Heterodox Stabilization Policies
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory141356
Midterm Examination130131
Final Examination140141
TOTAL WORKLOAD (hours)128
Contribution of Learning Outcomes to Programme Outcomes
PÇ-1
PÇ-2
PÇ-3
PÇ-4
PÇ-5
PÇ-6
PÇ-7
PÇ-8
PÇ-9
PÇ-10
PÇ-11
PÇ-12
OÇ-1
5
4
4
2
3
3
2
4
2
3
4
4
OÇ-2
5
4
4
2
3
3
2
4
2
3
4
4
OÇ-3
5
4
4
2
3
3
2
4
2
3
4
4
OÇ-4
5
4
4
2
3
4
2
4
2
3
4
4
OÇ-5
5
4
4
2
3
3
2
4
2
3
4
4
Adnan Menderes University - Information Package / Course Catalogue
2026