This lecture aims to teach process of affecting the economy of the instruments of monetary policy used, importance of central bank functions, understanding the central bank balance sheet in Turkey and in the World
Course Content
This course contains; Historical Development of Central Banking,The Role, Duties and Authorities of the Central Bank,Development of Central Banking and Case for Central Bank Independence in the 2000s,The Law on the Central Bank of the Republic of Turkey,Monetary Policy Tools of Central Banks,Central Bank's Price Stability Mission and Fighting with Inflation,Inflation Targeting Model, Historical Development and Meaning of Inflation Targeting,Monetary Aggregates Central Bank Monetary Rules,Financial Crises and Central Banking,Financial Institutions and Central Bank Relations,Monetary Policy Committee and Function of MPC,Central Bank's Financial Stability Task,Central Bank Balance Sheet and Reserve Management,Central Bank and Public Finance.
Dersin Öğrenme Kazanımları
Teaching Methods
Assessment Methods
1. Will be able to understand role and importance of central banks in the economy
10, 9
A
1.1. Define basic concepts.
10, 9
A
1.2. Relate these concepts with the real life.
10, 9
A
2. Will be able to understand the bank's duties and authorities
10, 9
A
2.1. Have detailed information about the central bank law.
10, 9
A
2.2. Tell central bank's duties and authorities
10, 9
A
3. Will be able to evaluate central bank independence
10, 9
A
3.1. Define meaning of central bank Independence
10, 9
A
3.2. Analyze the results of central bank independence
10, 9
A
4. Will be able to evaluate the monetary policy and instruments applied by central bank
10, 9
A
4.1. Define basic concepts.
10, 9
A
4.2. Analyze monetary policy instruments.
10, 9
A
Teaching Methods:
10: Discussion Method, 9: Lecture Method
Assessment Methods:
A: Traditional Written Exam
Course Outline
Order
Subjects
Preliminary Work
1
Historical Development of Central Banking
2
The Role, Duties and Authorities of the Central Bank
3
Development of Central Banking and Case for Central Bank Independence in the 2000s
4
The Law on the Central Bank of the Republic of Turkey
5
Monetary Policy Tools of Central Banks
6
Central Bank's Price Stability Mission and Fighting with Inflation
7
Inflation Targeting Model, Historical Development and Meaning of Inflation Targeting
8
Monetary Aggregates Central Bank Monetary Rules
9
Financial Crises and Central Banking
10
Financial Institutions and Central Bank Relations
11
Monetary Policy Committee and Function of MPC
12
Central Bank's Financial Stability Task
13
Central Bank Balance Sheet and Reserve Management
14
Central Bank and Public Finance
Resources
Blinder, Alan, Central Banking in Theory and Practice, MIT Press, 1998
Parasız, İlker, Merkez Bankacılığı ve Para Politikası, Ezgi Kitabevi Yayınları Edwin J. Elton, Martin J. Gruber, Stephen J. Brown, William N. Goetzmann, Modern Portfolio Theory and Investment Analysis, Wiley
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications
No
Program Qualification
Contribution Level
1
2
3
4
5
1
Will be able to have advanced theoretical and practical knowledge supported by textbooks, application tools and other resources containing current information in the field.
2
With the current developments in the banking and finance sector, it acquires information about basic resources, current trends and approaches.
3
Reaches, evaluates and uses scientific information in the field of Banking and Finance and uses it in solving problems.
4
It carries out a work that requires expertise in the field of Banking and Finance and related disciplines independently and produces solutions.
5
Acquires the necessary theoretical background to understand and solve banking and finance problems and make theoretical contributions.
6
Analyze and synthesize financial and economic data. Presents, discusses and defends data both in writing and orally, both in academic and business life.
7
Gains detailed information on the global aspects of financial markets and their connections with international relations, and at the level of contributing to the existing information.
8
Evaluates the role and importance of social, regulatory and political factors for the banking and financial sector, both practically and theoretically.
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
3
15
45
Term Project
0
0
0
Presentation of Project / Seminar
0
0
0
Quiz
1
20
20
Midterm Exam
1
40
40
General Exam
1
60
60
Performance Task, Maintenance Plan
0
0
0
Total Workload(Hour)
207
Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30*=(207/30)
7
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 and FINANCIAL STABILITY
-
Spring Semester
3+0
3
7
Course Program
Prerequisites Courses
Recommended Elective Courses
Language of Course
Turkish
Course Level
Third Cycle (Doctorate Degree)
Course Type
Elective
Course Coordinator
Prof.Dr. Hatice KARAHAN
Name of Lecturer(s)
Prof.Dr. Kerem ALKİN
Assistant(s)
Aim
This lecture aims to teach process of affecting the economy of the instruments of monetary policy used, importance of central bank functions, understanding the central bank balance sheet in Turkey and in the World
Course Content
This course contains; Historical Development of Central Banking,The Role, Duties and Authorities of the Central Bank,Development of Central Banking and Case for Central Bank Independence in the 2000s,The Law on the Central Bank of the Republic of Turkey,Monetary Policy Tools of Central Banks,Central Bank's Price Stability Mission and Fighting with Inflation,Inflation Targeting Model, Historical Development and Meaning of Inflation Targeting,Monetary Aggregates Central Bank Monetary Rules,Financial Crises and Central Banking,Financial Institutions and Central Bank Relations,Monetary Policy Committee and Function of MPC,Central Bank's Financial Stability Task,Central Bank Balance Sheet and Reserve Management,Central Bank and Public Finance.
Dersin Öğrenme Kazanımları
Teaching Methods
Assessment Methods
1. Will be able to understand role and importance of central banks in the economy
10, 9
A
1.1. Define basic concepts.
10, 9
A
1.2. Relate these concepts with the real life.
10, 9
A
2. Will be able to understand the bank's duties and authorities
10, 9
A
2.1. Have detailed information about the central bank law.
10, 9
A
2.2. Tell central bank's duties and authorities
10, 9
A
3. Will be able to evaluate central bank independence
10, 9
A
3.1. Define meaning of central bank Independence
10, 9
A
3.2. Analyze the results of central bank independence
10, 9
A
4. Will be able to evaluate the monetary policy and instruments applied by central bank
10, 9
A
4.1. Define basic concepts.
10, 9
A
4.2. Analyze monetary policy instruments.
10, 9
A
Teaching Methods:
10: Discussion Method, 9: Lecture Method
Assessment Methods:
A: Traditional Written Exam
Course Outline
Order
Subjects
Preliminary Work
1
Historical Development of Central Banking
2
The Role, Duties and Authorities of the Central Bank
3
Development of Central Banking and Case for Central Bank Independence in the 2000s
4
The Law on the Central Bank of the Republic of Turkey
5
Monetary Policy Tools of Central Banks
6
Central Bank's Price Stability Mission and Fighting with Inflation
7
Inflation Targeting Model, Historical Development and Meaning of Inflation Targeting
8
Monetary Aggregates Central Bank Monetary Rules
9
Financial Crises and Central Banking
10
Financial Institutions and Central Bank Relations
11
Monetary Policy Committee and Function of MPC
12
Central Bank's Financial Stability Task
13
Central Bank Balance Sheet and Reserve Management
14
Central Bank and Public Finance
Resources
Blinder, Alan, Central Banking in Theory and Practice, MIT Press, 1998
Parasız, İlker, Merkez Bankacılığı ve Para Politikası, Ezgi Kitabevi Yayınları Edwin J. Elton, Martin J. Gruber, Stephen J. Brown, William N. Goetzmann, Modern Portfolio Theory and Investment Analysis, Wiley
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications
No
Program Qualification
Contribution Level
1
2
3
4
5
1
Will be able to have advanced theoretical and practical knowledge supported by textbooks, application tools and other resources containing current information in the field.
2
With the current developments in the banking and finance sector, it acquires information about basic resources, current trends and approaches.
3
Reaches, evaluates and uses scientific information in the field of Banking and Finance and uses it in solving problems.
4
It carries out a work that requires expertise in the field of Banking and Finance and related disciplines independently and produces solutions.
5
Acquires the necessary theoretical background to understand and solve banking and finance problems and make theoretical contributions.
6
Analyze and synthesize financial and economic data. Presents, discusses and defends data both in writing and orally, both in academic and business life.
7
Gains detailed information on the global aspects of financial markets and their connections with international relations, and at the level of contributing to the existing information.
8
Evaluates the role and importance of social, regulatory and political factors for the banking and financial sector, both practically and theoretically.
