Information Package / Course Catalogue
Monetary Theory and Policy
Course Code: İKP512
Course Type: Area Elective
Couse Group: Second Cycle (Master's Degree)
Education Language: Turkish
Work Placement: N/A
Theory: 3
Prt.: 0
Credit: 3
Lab: 0
ECTS: 5
Objectives of the Course

In addition to analyzing the theoretical and political development of the monetary economy, which is an important part of the macroeconomy, to examine Central Banking, which provides the creation of money, and the banks that mediate its circulation within the discipline of banking economics.

Course Content

The context of the course aimed to understand the functions, aims and tools of the Central Bank of the Republic of Turkey and other central banks.

Name of Lecturer(s)
Assoc. Prof. Mehmet BÖLÜKBAŞ
Learning Outcomes
1.Understanding the concept of monetary economy
2.Explain the determinants of money demand.
3.Understanding the importance of stability of money demand
4.Understanding the Central Bank of the Republic of Turkey and its monetary systems
5.Learn and discuss the policies and objectives of different central banks
Recommended or Required Reading
1.Nur Keyder, Evrim Ertunga (2012), Monetary Theory Policy and Practice, 12th Edition.
2.Frederic S. Mishkin (2004) The Economics of Money, Banking, and Financial Markets
Weekly Detailed Course Contents
Week 1 - Theoretical
Basic Concepts: Money-Banking and Financial Systems
Week 2 - Theoretical
Central Banking and Central Bank of the Republic of Turkey Authorities and Basic Duties
Week 3 - Theoretical
CBRT's Monetary Policy Tools
Week 4 - Theoretical
Money Supply and CBRT Money Supply Definitions According to Theoretical Approaches
Week 5 - Theoretical
Money-Supply Multiplier
Week 6 - Theoretical
Theories of the Demand for Money: Classical and Modern Quantity Theories
Week 7 - Theoretical
Portfolio Balance Approach
Week 8 - Intermediate Exam
Midterm Exam
Week 9 - Theoretical
Theories of the Demand for Money: Keynesian and Neo-Keynesian Theories
Week 10 - Theoretical
Interest: Theory and Practice
Week 11 - Theoretical
Monetary Transfer Mechanism (PAM) and Monetary Approach to Balance of Payments
Week 12 - Theoretical
Exchange Rate Systems and Preferences
Week 13 - Theoretical
Stabilization Programs and Monetary Policy
Week 14 - Theoretical
European Central Bank
Week 15 - Theoretical
Central Bank Target-Instrument Relationship
Week 16 - Final Exam
Final Exam
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory142370
Individual Work72228
Midterm Examination110111
Final Examination115116
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
3
4
5
3
5
4
5
OÇ-2
4
4
3
3
5
5
4
OÇ-3
3
4
5
3
4
5
3
OÇ-4
5
4
3
5
5
3
3
OÇ-5
3
4
4
5
3
3
4
Adnan Menderes University - Information Package / Course Catalogue