Information Package / Course Catalogue
Monetary Economics and Central Banking
Course Code: İKP630
Course Type: Area Elective
Couse Group: Third Cycle (Doctorate Degree)
Education Language: Turkish
Work Placement: N/A
Theory: 3
Prt.: 0
Credit: 3
Lab: 0
ECTS: 5
Objectives of the Course

Analyzing the macroeconomic effects of monetary policy on an economy operating in the context of international financial arrangements.

Course Content

Analyzing central banking and money supply by focusing aims, means and methods of monetary policy. Analyzing the development of monetary policy.

Name of Lecturer(s)
Prof. Mehmet BÖLÜKBAŞ
Learning Outcomes
1.To acquire a good understanding of central bank operations and the central banking practices around the world.
2.To acquire an analytical understanding of the basic elements of monetary policy.
3.To distinguish between the impacts of different monetary policies and be able to evaluate them critically.
4.To have a good understanding of the operation of the foreign exchange markets.
5.To be able to relate monetary theory and policy to macroeconomic analysis.
Recommended or Required Reading
1.The Economics of Money, Banking and Financial Markets, Frederic Mishkin, Pearson, 11th Edition, 2016.
2.Ümit Akçay, Para, Banka, Devlet: Merkez Bankası Bağımsızlaşmasının Ekonomi Politiği, Sosyal Araştırmalar Vakfı, İstanbul, 2009.
Weekly Detailed Course Contents
Week 1 - Theoretical
Introduction and What's Money?
Week 2 - Theoretical
Quantity Theory, Inflation, and the Demand for Money
Week 3 - Theoretical
Central Banks: A Global Perspective
Week 4 - Theoretical
The Money Supply Process I
Week 5 - Theoretical
The Money Supply Process II
Week 6 - Theoretical
Tools of Monetary Policy
Week 7 - Theoretical
The Conduct of Monetary Policy: Strategy and Tactics
Week 8 - Intermediate Exam
Midterm
Week 9 - Theoretical
The Foreign Exchange Market
Week 10 - Theoretical
The IS Curve
Week 11 - Theoretical
The Monetary Policy and Aggregate Demand Curves
Week 12 - Theoretical
Aggregate Demand and Supply Analysis I
Week 13 - Theoretical
Aggregate Demand and Supply Analysis II
Week 14 - Theoretical
The International Financial System
Week 15 - Theoretical
The International Financial System
Week 16 - Final Exam
Final
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory142370
Individual Work141242
Midterm Examination1819
Final Examination19110
TOTAL WORKLOAD (hours)131
Contribution of Learning Outcomes to Programme Outcomes
PÇ-1
PÇ-2
PÇ-3
PÇ-4
PÇ-5
PÇ-6
PÇ-7
OÇ-1
3
5
3
3
3
3
3
OÇ-2
4
5
5
3
3
3
3
OÇ-3
5
3
3
3
3
3
3
OÇ-4
4
4
4
4
4
4
4
OÇ-5
5
3
3
3
3
3
3
Adnan Menderes University - Information Package / Course Catalogue
2026