Course Information

Course Information
Course Title Code Language Type Semester L+U Hour Credits ECTS
Monetary Policy ECON306 Turkish Compulsory 6. Semester 3 + 0 3.0 5.0
Prerequisite Courses
Course Level Undergraduate
Mode of delivery Face to face.
Course Coordinator
Instructor(s)
Goals The aim of this course is to strengthen the macroeconomic infrastructure by making a detailed analysis of monetary concepts and theories.
Course Content The Central Bank, monetary policy, monetary policy in Turkey, monetary and fiscal policies.
Learning Outcomes
# Öğrenme Kazanımı
1 Students can discuss the effects of monetary policies on foreign economic balance.
2 Students can summarize the historical development of the monetary policy implemented in Turkey.
3 Students can discuss different theoretical approaches to the effects of monetary policy in case studies.
Lesson Plan (Weekly Topics)
Week Topics/Applications Method
1. Week Economic Policy-Monetary Policy
2. Week Objectives of Monetary Policy
3. Week Tools of Monetary Policy
4. Week The Problem of Delay in Monetary Policy.
5. Week Characteristics of Monetary Policy Applications.
6. Week Monetary and Fiscal Policies
7. Week Monetarist Approach
8. Week MIDTERM EXAM
9. Week Monetary Policy and Economic Stability
10. Week Monetary Policy and Macroeconomic Equilibrium: Classical Model
11. Week National Income Balance and Simple Keynesian Models
12. Week IS-LM-BP Models in Open Economy: Balance of Payments, Interest Rate and Output Level
13. Week Aggregate Demand-Aggregate Supply Model (AD-AS Model) and Theories of Business Cycle.
14. Week Implementation of Monetary Policy in Turkey since 1923
*Midterm and final exam dates are not specified in the 14-week course operation plan. Midterm and final exam dates are held on the dates specified in the academic calendar with the decision of the University Senate.
The Matrix for Course & Program Learning Outcomes
No Program Requirements Level of Contribution
1 2 3 4 5
1 Know the basic concepts of economics at an advanced level; can abstract the economic decision-making units in households, firms, government agencies, and predict the results of their decision-making mechanisms in different market and competition conditions.
2 Understand the objectives of economies such as growth, employment, productivity, sustainability; may propose solutions to problems such as unemployment, contraction, inflation, high interest rates and similar problems.
3 Capable to make sense of the international interactions of national economies with an international economic perspective.
4 Have knowledge about the historical development of the world economy and its current structure, understand the working process of different economic systems.
5 Can combine economic theory with mathematical, statistical and econometric skills to analyze concrete situations; are experienced in economic data collection and analysis methods by utilyzing technology.
6 Analyze the different sectors of the economy such as agriculture, industry and services through the Production Factors such as Labor, Capital, Natural Resource, Information and Entrepreneurship and evaluate the country economies.
7 Know the current status, historical background, the strengths and weaknesses of Turkish economy in macro and micro scale; can propose solutions, make theoretical and applied studies in this direction as individuals and teams.
8 Know the relations of economics as a social science with other sciences especially with politics, business administration, law, history, mathematics and engineering; reflect the theoretical knowledge in practice and have collaborative working culture.
9 Have the consciousness of lifelong learning, use the education to keep knowledge updated and contribute to the business life.
10 Have the cultural consciousness, know their own history, develop awareness of working with different cultures, respect individual, social and cultural rights.
11 Behave in accordance with ethical values in their works, have the ability of questioning, free thinking with no prejudices.
12 Have the consciousness of fulfilling the given tasks at the right time. In this process, utilize in maximum written, visual, audio sources and information-communication technologies.
13 Have the experience and ability to explain what they learn in written, oral and visual manner.
14 Use the Turkish and English language properly and effectively, and pursue professional readings in double language.
Relations with Education Attainment Program Course Competencies
Program Requirements DK1 DK2 DK3
PY1 5 5 5
PY2 5 5 5
PY3 5 5 5
PY4 5 5 5
PY5 2 2 2
PY6 4 4 4
PY7 4 4 4
PY8 4 4 4
PY9 3 3 3
PY10 1 1 1
PY11 3 3 3
PY12 2 2 2
PY13 1 1 1
PY14 1 1 1
Recommended Sources
Ders Kitabı veya Notu Ders Kitabı veya Ders Notu bulunmamaktadır.
Diğer Kaynaklar
  • Özbilen, Şevki (2016), Para'nın Kitabı, Gazi Kitabevi
  • Para politikası ve teorisi = Economics of money, banking, and financial markets / Mishkin, Frederic S. ; Çevirenler : İlyas Şıklar, Ahmet Çakmak, Suat Yavuz
ECTS credits and course workload
ECTS credits and course workload Quantity Duration (Hour) Total Workload (Hour)
Sınavlar
Midterm 1 30 30
Homework 1 15.5 15.5
Final 1 40 40
Classroom Activities 14 3 42
Total Workload 127.5
*AKTS = (Total Workload) / 25,5 ECTS Credit of the Course 5.0