Course Information
SemesterCourse Unit CodeCourse Unit TitleT+P+LCreditNumber of ECTS CreditsLast Updated Date
6İKT306Monetary Theory and Policy3+0+03418.08.2026
Course Details
Language of Instruction Turkish
Level of Course Unit Bachelor's Degree
Department / Program Economics
Type of Program Formal Education
Type of Course Unit Compulsory
Course Delivery Method Face To Face
Objectives of the Course The objective of this course is to teach students the nature and functions of money, classical and modern monetary theories, major money supply and demand theories, the concept of monetary policy, the goals, instruments, indicators, and targets of monetary policy, the transmission mechanisms of monetary policy, and alternative monetary policies.
Course Content • Definition and functions of money
• Classical and modern monetary theories
• Money supply and demand theories
• The concept of monetary policy, goals, instruments, indicators, and targets of monetary policy
• Transmission mechanisms of monetary policy and alternative monetary policies
Course Methods and Techniques Each lecture begins with the instructor introducing the topic of the day. The course is conducted interactively, incorporating methods such as direct instruction, question-and-answer sessions, case studies, and discussions of research findings. Therefore, students are expected to thoroughly prepare by reading the assigned material from the previous week.
Prerequisites and co-requisities None
Course Coordinator None
Name of Lecturers Associate Prof.Dr. Yıldız Özkök
Assistants None
Work Placement(s) No

Recommended or Required Reading
Resources Parasız, İ. "Monetary Theory and Policy", Ezgi Kitapevi, 2009; Aslan, M. Hanifi "Monetary Theory and Policy", Alfa Aktüel, 2009
Course Notes Attendance is mandatory for at least 70% of the course.
Documents Parasız, İ. “Para Teorisi ve Politikası”, Ezgi Kitapevi, 2009 Aslan, M. Hanifi “Para Teorisi ve Politikası”, Bursa: Alfa Aktüel, 2009.

Course Category
Field %100

Planned Learning Activities and Teaching Methods
Activities are given in detail in the section of "Assessment Methods and Criteria" and "Workload Calculation"

Assessment Methods and Criteria
In-Term Studies Quantity Percentage
Mid-terms 1 % 30
Assignment 1 % 20
Final examination 1 % 50
Total
3
% 100

 
ECTS Allocated Based on Student Workload
Activities Quantity Duration Total Work Load
Course Duration 15 2 30
Assignments 1 30 30
Mid-terms 1 30 30
Final examination 1 30 30
Total Work Load   Number of ECTS Credits 4 120

 
Course Learning Outcomes: Upon the successful completion of this course, students will be able to:
NoLearning Outcomes
1 Explaining money, monetary theories, and policies.
2 Examining the monetary causes of economic crises
3 Explaining the tools and goals of monetary policy
4 Describing the operation of central banks and how monetary policies are applied
5 Explaining the causes of inflation and its impact on the economy.

 
Weekly Detailed Course Contents
WeekTopicsStudy MaterialsMaterials
1 Definition of money, characteristics, and functions, money supply definitions, and central banking The topics to be covered in the first week should be read from the book and other sources. 1. Parasız, İ. "Monetary Theory and Policy", Ezgi Kitapevi, 2009 2. Aslan, M. Hanifi "Monetary Theory and Policy", Alfa Aktüel, 2009
2 Goals and instruments of monetary policy The topics covered last week and the topics to be covered this week should be read from the book and other sources. 1. Parasız, İ. "Monetary Theory and Policy", Ezgi Kitapevi, 2009 2. Aslan, M. Hanifi "Monetary Theory and Policy", Alfa Aktüel, 2009
3 Central banking, bank money, and its production The topics covered last week and the topics to be covered this week should be read from the book and other sources. 1. Parasız, İ. "Monetary Theory and Policy", Ezgi Kitapevi, 2009 2. Aslan, M. Hanifi "Monetary Theory and Policy", Alfa Aktüel, 2009
4 Classical monetary theory 1 The topics covered last week and the topics to be covered this week should be read from the book and other sources. • Parasız, İ. "Monetary Theory and Policy", Ezgi Kitapevi, 2009 • Aslan, M. Hanifi "Monetary Theory and Policy", Alfa Aktüel, 2009
5 Classical monetary theory 2 The topics covered last week and the topics to be covered this week should be read from the book and other sources. • Parasız, İ. "Monetary Theory and Policy", Ezgi Kitapevi, 2009 • Aslan, M. Hanifi "Monetary Theory and Policy", Alfa Aktüel, 2009
6 Modern quantity theory The topics covered last week and the topics to be covered this week should be read from the book and other sources. • Parasız, İ. "Monetary Theory and Policy", Ezgi Kitapevi, 2009 • Aslan, M. Hanifi "Monetary Theory and Policy", Alfa Aktüel, 2009
7 Determination and control of money supply The topics covered last week and the topics to be covered this week should be read from the book and other sources. • Parasız, İ. "Monetary Theory and Policy", Ezgi Kitapevi, 2009 • Aslan, M. Hanifi "Monetary Theory and Policy", Alfa Aktüel, 2009
8 Midterm exam week - -
9 Monetary base, monetary base multiplier, and money supply 1 The topics covered last week and the topics to be covered this week should be read from the book and other sources. • Parasız, İ. "Monetary Theory and Policy", Ezgi Kitapevi, 2009 • Aslan, M. Hanifi "Monetary Theory and Policy", Alfa Aktüel, 2009
10 Monetary base, monetary base multiplier, and money supply 2 The topics covered last week and the topics to be covered this week should be read from the book and other sources. Parasız, İ. "Monetary Theory and Policy", Ezgi Kitapevi, 2009 • Aslan, M. Hanifi "Monetary Theory and Policy", Alfa Aktüel, 2009
11 Keynesian monetary theory The topics covered last week and the topics to be covered this week should be read from the book and other sources. • Parasız, İ. "Monetary Theory and Policy", Ezgi Kitapevi, 2009 • Aslan, M. Hanifi "Monetary Theory and Policy", Alfa Aktüel, 2009
12 Neoclassical-Keynesian synthesis: IS-LM analysis The topics covered last week and the topics to be covered this week should be read from the book and other sources. • Parasız, İ. "Monetary Theory and Policy", Ezgi Kitapevi, 2009 • Aslan, M. Hanifi "Monetary Theory and Policy", Alfa Aktüel, 2009
13 Neoclassical-Keynesian synthesis: IS-LM analysis The topics covered last week and the topics to be covered this week should be read from the book and other sources. • Parasız, İ. "Monetary Theory and Policy", Ezgi Kitapevi, 2009 • Aslan, M. Hanifi "Monetary Theory and Policy", Alfa Aktüel, 2009
14 Money, inflation, and interest The topics covered last week and the topics to be covered this week should be read from the book and other sources. • Parasız, İ. "Monetary Theory and Policy", Ezgi Kitapevi, 2009 • Aslan, M. Hanifi "Monetary Theory and Policy", Alfa Aktüel, 2009
15 General review The topics covered up to that point should be reviewed, and any questions should be asked to the course instructor. • Parasız, İ. "Monetary Theory and Policy", Ezgi Kitapevi, 2009 • Aslan, M. Hanifi "Monetary Theory and Policy", Alfa Aktüel, 2009
16 Final exams - • Parasız, İ. "Monetary Theory and Policy", Ezgi Kitapevi, 2009 • Aslan, M. Hanifi "Monetary Theory and Policy", Alfa Aktüel, 2009

 
Contribution of Learning Outcomes to Programme Outcomes
P1 P2 P3 P4 P5 P6 P7 P8 P9 P10 P11 P12
All 4 4 4 4 4 4 4 4 4 1 4 1
C1 4 4 4 4 4 4 4 4 4 1 4 1
C2 4 4 3 5 4 3 4 4 4 1 4 1
C3 4 4 3 5 4 3 4 4 4 1 4 1
C4 5 4 4 3 4 4 4 5 3 1 4 1
C5 4 4 3 4 4 3 4 4 4 1 3 1

  Contribution: 1: Very Slight 2:Slight 3:Moderate 4:Significant 5:Very Significant