Information Package / Course Catalogue
Central Bank and Monetary Policies
Course Code: EFN579
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 macro economy, to examine the banks that mediate the circulation of Central Banking, which provides the creation of money, within the discipline of bank economics.

Course Content

Basic Concepts: Money-Bank and Financial System, Central Banking and Central Bank Powers and Functions, Central Bank's Monetary Policy Tools, Definitions of Money Supply and Central Bank Money Supply According to Theoretical Approaches, Reserve Money - Monetary Base - Central Bank Money, Center Bank Balance Sheet, Money Growth Mechanism, Money Demand Theories: Classical and Modern Amount Theories, Money Demand Theories: Keynesian and Neo-Keynesian Theories, Money Demand Theories: Differences and Similarities between Various Money Demand Theories, Interest: Theory and Practice, Monetary Transfer Mechanism (PAM) and Monetary Approach to the Balance of Payments, Exchange Rate Systems and Preferences, Stability Programs and Monetary Policy, European Central Bank

Name of Lecturer(s)
Learning Outcomes
1.To understand the concept of monetary economy
2.To be able to understand the concepts of Monetary Transfer Mechanism (PAM) and Balance of Payments
3.To be able to understand and analyze the Central Bank of Turkey and its monetary systems
4.To be able to analyze the reflections of monetary policies on economic units (household, firm state)
5.To be able to compare the effects of exchange rate policies on foreign trade, growth, employment and inflation
Recommended or Required Reading
1.Nur Keyder, Evrim Ertunga (2012), Para Teori Politika Uygulama, 12. Baskı.
2.Merih Paya (1998), Para Teorisi ve Politikası, Filiz Kitapevi, 2. baskı, İstanbul
Weekly Detailed Course Contents
Week 1 - Theoretical
Basic Concepts: Money-Bank and Financial System
Week 2 - Theoretical
Central Banking and Essential Duties and Powers of the Central Bank of Turkish
Week 3 - Theoretical
Monetary Policy Tools of the Turkish Central Bank
Week 4 - Theoretical
Definition of Money Supply and TCMB Money Supply According to Theoretical Approaches
Week 5 - Theoretical
Money Growing Mechanism
Week 6 - Theoretical
Money Growing Mechanism
Week 7 - Theoretical
Money Demand Theories: Classical and Modern Quantity Theories
Week 8 - Intermediate Exam
Midterm
Week 9 - Theoretical
Money Demand Theories: Keynesian and Neo-Keynesian Theories
Week 10 - Theoretical
Money Demand Theories: Keynesian and Neo-Keynesian Theories
Week 11 - Theoretical
Interest: Theory and Practice
Week 12 - Theoretical
Monetary Transfer Mechanism and Balance of Payments Approach
Week 13 - Theoretical
Exchange Rate Systems and Preferences
Week 14 - Theoretical
Stability Programs and Monetary Policy
Week 15 - Theoretical
European Central Bank
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
PÇ-8
PÇ-9
OÇ-1
3
4
3
4
3
4
5
4
3
OÇ-2
4
3
5
4
3
4
3
3
4
OÇ-3
4
3
4
3
4
3
3
3
4
OÇ-4
4
4
3
4
3
4
3
4
5
OÇ-5
5
4
3
4
5
3
4
3
3
Adnan Menderes University - Information Package / Course Catalogue
2026