Acquisition of the basic knowledge of the monetary theory and policy, the structural and institutional details of The Central Bank of the Republic of Turkey (CBRT) and technical details of its operations, connections between the theory, policy, and implementation.
Course Content
This course contains; Some facts about monetary policy, history and the current state of banking and central banking in Turkey,History and the current state of banking and central banking in a variety of countries,Definition of money, demand for money ,Money supply ,The behavior of interest rates, exchange rate determination,Exchange rate determination, general equilibrium,General equilibrium,Midterm (Please check your exam date),The institutional framework, the structure and the monetary policy tools of The Central Bank of the Republic of Turkey (CBRT) ,The institutional framework, the structure and the monetary policy tools of The Central Bank of the Republic of Turkey (CBRT),Transmission mechanisms of the monetary policy,Inflation,Inflation,Monetary policy episodes from Turkey and from the world,Monetary policy episodes from Turkey and from the world.
Dersin Öğrenme Kazanımları
Teaching Methods
Assessment Methods
1-Will be able to identify the historical milestones of banking and central banking in Turkey.
16, 6, 9
A, G
2. Will be able to compare the development of banking and central banking in Turkey with those in a number of countries.
16, 6, 9
A, G
3. Will review some of the commonly cited theories of demand for money and money supply.
16, 6, 9
A, G
4. Will be able to do basic calculations about interest rate behavior and review some of the commonly cited theories of exchange rate determination.
16, 6, 9
A
5. Will be able to use some of the commonly cited theories of general equilibrium in the context of monetary policy.
16, 6, 9
A
6. Will review the institutional framework, the structure and the monetary policy tools of CBRT.
16, 6, 9
A
7. Will acquire an understanding of the causes and consequences of inflation.
Some facts about monetary policy, history and the current state of banking and central banking in Turkey
2
History and the current state of banking and central banking in a variety of countries
3
Definition of money, demand for money
4
Money supply
5
The behavior of interest rates, exchange rate determination
6
Exchange rate determination, general equilibrium
7
General equilibrium
8
Midterm (Please check your exam date)
9
The institutional framework, the structure and the monetary policy tools of The Central Bank of the Republic of Turkey (CBRT)
10
The institutional framework, the structure and the monetary policy tools of The Central Bank of the Republic of Turkey (CBRT)
11
Transmission mechanisms of the monetary policy
12
Inflation
13
Inflation
14
Monetary policy episodes from Turkey and from the world
15
Monetary policy episodes from Turkey and from the world
Resources
[1] The Economics of Money, Banking and Financial Markets, 2016, 11. Edition, Frederic S. Mishkin
[2] Parasal İktisat: Kuram ve Politika, 2013, 3. Edition, Fatih Özatay
[3] Merkez Bankacılığı ve Para Politikası, 2011, 1. Edition, İlker Parasız
[4] CRBT website
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications
No
Program Qualification
Contribution Level
1
2
3
4
5
1
(S)he describes theoretical knowledge in economics and finance.
X
2
(S)he explains mathematical and statistical methods needed for economics and finance.
X
3
(S)he uses at least one computer program utilized for economic and financial analyses (SPSS, Eviews, STATA, R ve MATLAB).
4
(S)he has the foreign language proficiency necessary for economics and finance.
X
5
(S)he develops projects in the field and handles team work.
6
(S)he develops (her) his awareness of lifetime learning, follows the developments in (her) his field and adopts a critical approach.
X
7
(S)he uses theoretical and practical knowledge on economics and finance.
X
8
(S)he delivers (her) his opinions by making effective use of modern technologies and of at least one foreign language at a minimum level of level C1.
X
9
(S)he adopts and uses organizational, corporate and social ethical values.
10
(S)he adopts principles of social responsibility and acts whenever needed in light of social service sensitivity.
11
(S)he analyzes and uses basic knowledge and data regarding different disciplines to conduct inter-disciplinary studies.
X
12
(S)he benefits from (her) his proficiency in economics and finance to make policy suggestions and contribute to the field.
X
Assessment Methods
Contribution Level
Absolute Evaluation
Rate of Midterm Exam to Success
50
Rate of Final Exam to Success
50
Total
100
ECTS / Workload Table
Activities
Number of
Duration(Hour)
Total Workload(Hour)
Course Hours
14
3
42
Guided Problem Solving
0
0
0
Resolution of Homework Problems and Submission as a Report
0
0
0
Term Project
14
3
42
Presentation of Project / Seminar
0
0
0
Quiz
1
1
1
Midterm Exam
8
3
24
General Exam
15
3
45
Performance Task, Maintenance Plan
0
0
0
Total Workload(Hour)
154
Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30*=(154/30)
5
ECTS of the course: 30 hours of work is counted as 1 ECTS credit.
Detail Informations of the Course
Course Description
Course
Code
Semester
T+P (Hour)
Credit
ECTS
CENTRAL BANKING
-
Fall Semester
3+0
3
5
Course Program
Prerequisites Courses
Recommended Elective Courses
Language of Course
English
Course Level
First Cycle (Bachelor's Degree)
Course Type
Elective
Course Coordinator
Name of Lecturer(s)
Assistant(s)
Aim
Acquisition of the basic knowledge of the monetary theory and policy, the structural and institutional details of The Central Bank of the Republic of Turkey (CBRT) and technical details of its operations, connections between the theory, policy, and implementation.
Course Content
This course contains; Some facts about monetary policy, history and the current state of banking and central banking in Turkey,History and the current state of banking and central banking in a variety of countries,Definition of money, demand for money ,Money supply ,The behavior of interest rates, exchange rate determination,Exchange rate determination, general equilibrium,General equilibrium,Midterm (Please check your exam date),The institutional framework, the structure and the monetary policy tools of The Central Bank of the Republic of Turkey (CBRT) ,The institutional framework, the structure and the monetary policy tools of The Central Bank of the Republic of Turkey (CBRT),Transmission mechanisms of the monetary policy,Inflation,Inflation,Monetary policy episodes from Turkey and from the world,Monetary policy episodes from Turkey and from the world.
Dersin Öğrenme Kazanımları
Teaching Methods
Assessment Methods
1-Will be able to identify the historical milestones of banking and central banking in Turkey.
16, 6, 9
A, G
2. Will be able to compare the development of banking and central banking in Turkey with those in a number of countries.
16, 6, 9
A, G
3. Will review some of the commonly cited theories of demand for money and money supply.
16, 6, 9
A, G
4. Will be able to do basic calculations about interest rate behavior and review some of the commonly cited theories of exchange rate determination.
16, 6, 9
A
5. Will be able to use some of the commonly cited theories of general equilibrium in the context of monetary policy.
16, 6, 9
A
6. Will review the institutional framework, the structure and the monetary policy tools of CBRT.
16, 6, 9
A
7. Will acquire an understanding of the causes and consequences of inflation.
Some facts about monetary policy, history and the current state of banking and central banking in Turkey
2
History and the current state of banking and central banking in a variety of countries
3
Definition of money, demand for money
4
Money supply
5
The behavior of interest rates, exchange rate determination
6
Exchange rate determination, general equilibrium
7
General equilibrium
8
Midterm (Please check your exam date)
9
The institutional framework, the structure and the monetary policy tools of The Central Bank of the Republic of Turkey (CBRT)
10
The institutional framework, the structure and the monetary policy tools of The Central Bank of the Republic of Turkey (CBRT)
11
Transmission mechanisms of the monetary policy
12
Inflation
13
Inflation
14
Monetary policy episodes from Turkey and from the world
15
Monetary policy episodes from Turkey and from the world
Resources
[1] The Economics of Money, Banking and Financial Markets, 2016, 11. Edition, Frederic S. Mishkin
[2] Parasal İktisat: Kuram ve Politika, 2013, 3. Edition, Fatih Özatay
[3] Merkez Bankacılığı ve Para Politikası, 2011, 1. Edition, İlker Parasız
[4] CRBT website
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications
No
Program Qualification
Contribution Level
1
2
3
4
5
1
(S)he describes theoretical knowledge in economics and finance.
X
2
(S)he explains mathematical and statistical methods needed for economics and finance.
X
3
(S)he uses at least one computer program utilized for economic and financial analyses (SPSS, Eviews, STATA, R ve MATLAB).
4
(S)he has the foreign language proficiency necessary for economics and finance.
X
5
(S)he develops projects in the field and handles team work.
6
(S)he develops (her) his awareness of lifetime learning, follows the developments in (her) his field and adopts a critical approach.
X
7
(S)he uses theoretical and practical knowledge on economics and finance.
X
8
(S)he delivers (her) his opinions by making effective use of modern technologies and of at least one foreign language at a minimum level of level C1.
X
9
(S)he adopts and uses organizational, corporate and social ethical values.
10
(S)he adopts principles of social responsibility and acts whenever needed in light of social service sensitivity.
11
(S)he analyzes and uses basic knowledge and data regarding different disciplines to conduct inter-disciplinary studies.
X
12
(S)he benefits from (her) his proficiency in economics and finance to make policy suggestions and contribute to the field.
