Information Package / Course Catalogue
Monetary Theory and Policy
Course Code: ECON360
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: 4
Objectives of the Course

This course aims to provide students with the theoretical and practical knowledge necessary to analyze money supply, money demand, monetary policy instruments in the economic system, and how these policies can contribute to macroeconomic objectives such as economic growth, inflation, and employment.

Course Content

Money definitions, functions, systems, international monetary problems and monetary policy instruments, effects and applications.

Name of Lecturer(s)
Prof. Abdullah ÖZDEMİR
Learning Outcomes
1.Having knowledge about the definition, types and functions of money.
2.Understand the basic concepts of money.
3.Understanding foreign exchange and foreign exchange markets and exchange rate systems.
4.Understanding the relationship between money supply and money demand.
5.Understanding the objectives of monetary policy, classical and modern monetary policy instruments.
Recommended or Required Reading
1.Özatay, F. (2020). 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
Basic 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 Economic Schools
Week 8 - Theoretical
Central Banking and Organizational Structure and Functions of the Central Bank of the Republic of Turkey
Week 9 - Theoretical
Fiduciary Money Creation Process and Narrow and Broad Money Multipliers
Week 10 - Theoretical
Objectives of Monetary Policy, Classical and Modern Monetary Policy Instruments
Week 11 - Theoretical
Monetary Policy Regimes 1: Monetary Targeting Strategy
Week 12 - Theoretical
Monetary Policy Regimes 2: Exchange Rate Targeting Strategy
Week 13 - Theoretical
Monetary Policy Regimes 3: Inflation Targeting Strategy
Week 14 - Theoretical
Monetary Policy Regimes Applications in Turkey
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory142370
Midterm Examination110111
Final Examination120121
TOTAL WORKLOAD (hours)102
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
3
4
2
5
3
3
3
2
4
3
4
3
OÇ-2
3
4
2
5
3
3
3
3
4
3
4
3
OÇ-3
3
5
2
5
3
5
3
2
4
4
4
3
OÇ-4
4
5
2
5
4
4
3
2
4
4
4
3
OÇ-5
4
5
3
5
4
5
3
2
4
5
4
3
Adnan Menderes University - Information Package / Course Catalogue
2026