Information Package / Course Catalogue
Monetary Theory
Course Code: ECON307
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

This course aims to develop student competencies in theoretical and applied monetary economics.

Course Content

In this course, definitions of money, functions of money, monetary systems, international monetary system and the problems faced by this system, money demand, money supply, equilibrium in the money market and dematerialized money creation will be discussed in depth. In addition, Classical, Keynesian, Neo-Keynesian and Monetarist theories will be analyzed comprehensively.

Name of Lecturer(s)
Prof. Abdullah ÖZDEMİR
Learning Outcomes
1.Explains what money is, its basic concepts, and its role in the economy.
2.Analyzes the functioning of foreign exchange and currency markets, as well as exchange rate systems and international capital flows.
3.Examines the historical development and operation of the Bretton Woods system and evaluates its economic effects.
4.Describes how money supply and demand are formed and demonstrates how balance is achieved in the money market.
5.Compares money and interest theories according to Classical, Keynesian, Neo-Classical, and Neo-Keynesian approaches.
6.Analyzes the structure of the banking system and interprets the balance sheets of commercial banks.
7.Explains the basic principles of central banking and identifies the structure and functions of the Central Bank of the Republic of Turkey.
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
Money Definition, Types and Functions
Week 2 - Theoretical
Fundamental Concepts of Money
Week 3 - Theoretical
Foreign Exchange and Currency Markets, Exchange Rate Systems
Week 4 - Theoretical
Bretton Woods System
Week 5 - Theoretical
Money Supply and Money Demand
Week 6 - Theoretical
Financial System and Monetary Institutions in General
Week 7 - Theoretical
Money and Interest Theories in the Classical System
Week 8 - Theoretical
Money and Interest Theories in Keynesian System
Week 9 - Theoretical
Money and Interest Theories in the Neo-Classical System
Week 10 - Theoretical
Money and Interest Theories in the Neo-Classical System
Week 11 - Theoretical
Banking System and Commercial Bank Balance Sheets
Week 12 - Theoretical
Central Banking and Organizational Structure and Functions of the Central Bank of the Republic of Turkey
Week 13 - Theoretical
Fiduciary Money Creation Process
Week 14 - Theoretical
Narrow and Broad Money Multipliers
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory142370
Midterm Examination120121
Final Examination130131
TOTAL WORKLOAD (hours)122
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
OÇ-1
3
4
2
2
4
3
4
3
3
2
OÇ-2
2
5
3
2
4
3
3
4
4
2
OÇ-3
2
4
2
2
4
2
2
3
3
1
OÇ-4
3
4
3
2
4
3
3
3
4
3
OÇ-5
4
4
3
3
5
3
4
4
3
3
OÇ-6
2
3
3
2
3
4
3
3
3
2
OÇ-7
3
4
3
2
3
4
3
3
2
2
Adnan Menderes University - Information Package / Course Catalogue
2026