Information Package / Course Catalogue
Monetary Economics and Central Banking
Course Code: İKP537
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

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

Course Content

The study of central banking and the money supply, with a focus on the aims, instruments and methods of monetary policy. Study of the development of monetary theory.

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.Bennett T. McCallum. Monetary Economics: Theory and Policy. Macmillan Pub Co.
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
Interest Rates
Week 8 - Intermediate Exam
Midterm Exam
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
Week 15 - Theoretical
Central Bank and Public Finance
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 Work121236
Midterm Examination1819
Final Examination19110
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
4
4
4
4
OÇ-2
5
5
5
3
3
3
3
OÇ-3
5
3
5
5
5
5
5
OÇ-4
3
3
3
3
3
3
3
OÇ-5
4
4
4
4
4
4
4
Adnan Menderes University - Information Package / Course Catalogue
2026