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About the Programme Academic Staff Program Qualifications Lessons Matrix of Course & Program Qualifications Turkish Qualifications Framework (TQF) TQF & Program Qualifications
  1. Graduate School
  2. Department of Economics
  3. Master of Science (MSc) in Economics
  4. Master of Arts (MA) in Economics (English)
  5. Course Structure Diagram with Credits
  6. Monetary Economics I
  7. Description
  • Description
  • Learning Outcomes
  • ECTS Credit Load
  • Course's Contribution to Program
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Last Updated: 30/09/2026

Code - Course Title Course Type Laboratory + Practice ECTS
İKT551 - Monetary Economics I I. SEMESTER 3 +0 6.0
Language of Instruction İngilizce
Course Type Elective Courses
Course Instructor(s) PROF. DR. BİLGE KAĞAN ÖZDEMİR
Mode of Delivery in the classroom
Place of Delivery
Used Educational Platforms
Prerequisites Monetary Theory and PolicyInternational Economic Theory and Policy
Courses Recomended Turkish Economy
Recommended Resources Carl Walsh, Monetary Theory and PolicyJordi Gali, Monetary Policy, Inflation, and the Business CycleHandbook of Monetary Economics - 1,2,3A,3B
Work Placement no work placement
Aims of the Course

Weeks Learning Outcomes Topics Teaching Methods
Week - 1 Introduction to Monetary Economics: Economic Analysis
Week - 2 Short-Run in the Economy : Explaining Business Cycles
Week - 3 IS-MP: A Short-Run Macroeconomic Model
Week - 4 Monetary Policy and Aggregate Demand
Week - 5 Phillips Curve and Aggregate Supply
Week - 6 The Aggregate Demand –Aggregate Supply Model
Week - 7 Macroeconomic Policy Analysis
Week - 8 The Role of Expectations in Macroeconomic Policy: Real Business Cycle Model and New Keynesian Model
Week - 9 The Conduct of Monetary Policy
Week - 10 Monetary Policy : Inflation Targeting
Week - 11 Fiscal Policy : Interactions between Monetary and Fiscal Policy
Week - 12 Macroprudential Policy
Week - 13 Policy and Practice I : Empirical Analysis
Week - 14 Policy and Practice II : Emprical Analysis

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Assessment Method and Passing Requirements
Quamtity Percentage (%)
Toplam (%)

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