Information Package / Course Catalogue
Monetary Economıcs And Central Bankıng
Course Code: İKT466
Course Type: Area Elective
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

To understand the importance of Central Bank and monetary policy for economy.

Course Content

The definitions of money, functions of money, monetary systems, international monetary system and problems, money demand, money supply and equilibrium in the monetary market will be analyzed according to Classical, Keynesian and Monetarist theories.

Name of Lecturer(s)
Learning Outcomes
1.To understand the institutional structure of central banking ;
2.To learn the duties and powers of the Central Bank. ;
3.To understand the objectives and instruments of monetary policy. ;
4.To grasp the relationship between financial markets and monetary policy. ;
5.To understand the importance of the Independence of the Central Bank. ;
Recommended or Required Reading
1.Woodford, M. Interest and Prices: Foundations of a Theory of Monetary Policy. Princeton: Princeton University Pres.
Weekly Detailed Course Contents
Week 1 - Theoretical
Monetary Developments and the Central Bank
Week 2 - Theoretical
Central Bank's Role, Duties and Powers
Week 3 - Theoretical
Central Bank Independence
Week 4 - Theoretical
Monetary Policy Tools
Week 5 - Theoretical
Financial Markets and Monetary Policy
Week 6 - Theoretical
Inflation targeting
Week 7 - Theoretical
Inflation targeting
Week 8 - Theoretical
Interest Rates
Week 9 - Theoretical
Repo, Reverse Repo
Week 10 - Theoretical
Central Bank Monetary Rules
Week 11 - Theoretical
Clarida and Taylor Rules
Week 12 - Theoretical
The Relationship Between Financial Markets and Central Banks
Week 13 - Theoretical
Financial Crises and Central Banking
Week 14 - Theoretical
Budget of the Central Bank
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory142370
Project23516
Individual Work23516
Midterm Examination19110
Final Examination112113
TOTAL WORKLOAD (hours)125
Contribution of Learning Outcomes to Programme Outcomes
PÇ-1
PÇ-2
PÇ-3
PÇ-4
PÇ-5
PÇ-6
PÇ-7
OÇ-1
4
4
4
3
3
5
5
OÇ-2
3
3
3
5
5
5
4
OÇ-3
3
4
4
4
3
3
3
OÇ-4
3
3
4
5
4
4
4
OÇ-5
3
3
3
3
3
3
3
Adnan Menderes University - Information Package / Course Catalogue
2026