Monetary Economics

Monetary Economics is about how money, interest rates, and central bank decisions actually move through an economy, why a policy rate change in Ankara or Washington ripples into asset prices, exchange rates, inflation expectations, and ultimately the real sector. You'll work through models of interest rate determination, the term structure, financial intermediation, and monetary transmission, with a recurring emphasis on tying theory to current Turkish and global episodes (currency crises, central bank credibility, expectations management). Building on intermediate macro, it sets up the analytical vocabulary you need for later finance, international economics, and any serious reading of TCMB or Fed policy.