Course Detail
Course Description
Course | Code | Semester | T+P (Hour) | Credit | ECTS |
---|---|---|---|---|---|
CENTRAL BANKING and FINANCIAL STABILITY | - | Spring Semester | 3+0 | 3 | 5 |
Course Program |
Prerequisites Courses | |
Recommended Elective Courses |
Language of Course | Turkish |
Course Level | First Cycle (Bachelor's Degree) |
Course Type | Elective |
Course Coordinator | Prof.Dr. Hasan DİNÇER |
Name of Lecturer(s) | Lect.Dr. Ömer EMEÇ |
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 explain role and importance of central banks in the economy. | 10, 13, 16, 6, 9 | A |
1.1. Define basic concepts. | 10, 13, 16, 6, 9 | A |
1.2. Relate these concepts with the real life. | 10, 13, 16, 6, 9 | A |
2. Will be able to explain the bank's duties and authorities. | 10, 13, 16, 6, 9 | A |
2.1. Have detailed information about the central bank law. | 10, 13, 16, 6, 9 | A |
2.2. Tell central bank's duties and authorities | 10, 13, 16, 6, 9 | A |
3. Will be able to evaluate central bank independence | 10, 13, 16, 6, 9 | A |
3.1. Define meaning of central bank Independence | 10, 13, 16, 6, 9 | A |
3.2. Analyze the results of central bank independence | 10, 13, 16, 6, 9 | A |
4. Will be able to evaluate the monetary policy and instruments applied by central bank | 10, 13, 16, 6, 9 | A |
4.1. Define basic concepts. | 10, 13, 16, 6, 9 | A |
4.2. Analyze monetary policy instruments. | 10, 13, 16, 6, 9 | A |
5. Will be able to analyze central bank balance sheet items | 10, 13, 16, 6, 9 | A |
5.1. Define central bank balance sheet | 10, 13, 16, 6, 9 | A |
5.2. Evaluate central bank balance sheet | 10, 13, 16, 6, 9 | A |
6. Will be able to analyze the central bank's duties towards price stability and financial stability | 10, 13, 16, 6, 9 | A |
6.1. Define price stability and financial stability | 10, 13, 16, 6, 9 | A |
6.2. Evaluate price stability and financial stability | 10, 13, 16, 6, 9 | A |
Teaching Methods: | 10: Discussion Method, 13: Case Study Method, 16: Question - Answer Technique, 6: Experiential Learning, 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 |
Y. Tamer Ergül, Finansal İstikrarsızlık Hipotezi, Bizim Kitaplar Yayınevi, 2015. Z. Yeşim Gürbüz, Gilbert Koenig, İrem Zeyneloğlu, Para Politikası, Makro İhtiyati Politikalar ve Finansal İstikrar, Kriter Yayınları, 2020. Parasız, İlker, Merkez Bankacılığı ve Para Politikası, Ezgi Kitabevi Yayınları, 2011. |
TYMOIGNE Eric, Measuring Macroprudential Risk: Financial Fragility Indexes, Levy Economics Institute of Bard College Working Paper, No. 654, March 2011, Sf. 4-10. VAN DEN END J. Willem, Indicator and Boundaries of Financial Stability, DNB Working Paper, No 97, March 2006, Sf. 2. VANHOOSE David D., Bank Capital Regulation, Economic Stability, and Monetary Policy: What Does the Academic Literature Tell Us?, Atlantic Economic Journal, 36. Volume 1. Issue, March 2008, Sf. 1-14. Parasız, İlker, Merkez Bankacılığı ve Para Politikası, Ezgi Kitabevi Yayınları, 2011 Edwin J. Elton, Martin J. Gruber, Stephen J. Brown, William N. Goetzmann, Modern Portfolio Theory and Investment Analysis, Wiley, 2014 |
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications | |||||||
No | Program Qualification | Contribution Level | |||||
1 | 2 | 3 | 4 | 5 | |||
1 | Uluslararası ticaret ve finansman alanında teorik bilgileri tanımlar. | X | |||||
2 | Uluslararası ticaret ve finansman alanında gerekli matematiksel ve istatistiki yöntemleri anlatır. | X | |||||
3 | Uluslararası ticaret ve finansman alanında gerekli en az bir bilgisayar programı kullanır. | X | |||||
4 | Uluslararası ticaret ve finansman alanında gerekli olan mesleki yabancı dil yeterliliğini gösterir. | X | |||||
5 | Uluslararası ticaret ve finansman alanında projeler hazırlar ve takım çalışmalarını yönetir. | X | |||||
6 | Mesleki alanda yaşam boyu öğrenmenin gerekliliği bilinciyle bilim ve teknolojideki gelişmeleri izleyerek kendini sürekli yenileyip edindiği bilgi ve becerileri eleştirel olarak değerlendirir. | X | |||||
7 | Uluslararası ticaret ve finansman alanında teorik ve uygulamaya yönelik bilgileri kullanır | X | |||||
8 | En az A1 düzeyinde bir yabancı dili kullanarak güncel teknolojileri takip eder, sözlü / yazılı iletişim kurar | ||||||
9 | Örgüt / kurumsal, iş ve toplumsal etik değerlerini benimser ve kullanır. | X | |||||
10 | Topluma hizmet duyarlılığı çerçevesinde, sosyal sorumluluk ilkelerini benimser ve gerektiğinde inisiyatif alır. | X | |||||
11 | Disiplinler arası çalışmalar yürütebilmek için farklı disiplinlerde (ekonomi, finans, sosyoloji, hukuk, işletme) temel bilgileri ve verileri analiz ederek alanında kullanır. | X | |||||
12 | Öğrenciler, küresel ticaret, ihracat-ithalat işlemleri, gümrük işlemleri ve dış ticaretin finansmanı alanlarında uzmanlık elde eder. | X |
Assessment Methods
Contribution Level | Absolute Evaluation | |
Rate of Midterm Exam to Success | 40 | |
Rate of Final Exam to Success | 60 | |
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 | 2 | 7 | 14 | |||
Term Project | 0 | 0 | 0 | |||
Presentation of Project / Seminar | 0 | 0 | 0 | |||
Quiz | 2 | 15 | 30 | |||
Midterm Exam | 1 | 27 | 27 | |||
General Exam | 1 | 37 | 37 | |||
Performance Task, Maintenance Plan | 0 | 0 | 0 | |||
Total Workload(Hour) | 150 | |||||
Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30*=(150/30) | 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 and FINANCIAL STABILITY | - | Spring Semester | 3+0 | 3 | 5 |
Course Program |
Prerequisites Courses | |
Recommended Elective Courses |
Language of Course | Turkish |
Course Level | First Cycle (Bachelor's Degree) |
Course Type | Elective |
Course Coordinator | Prof.Dr. Hasan DİNÇER |
Name of Lecturer(s) | Lect.Dr. Ömer EMEÇ |
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 explain role and importance of central banks in the economy. | 10, 13, 16, 6, 9 | A |
1.1. Define basic concepts. | 10, 13, 16, 6, 9 | A |
1.2. Relate these concepts with the real life. | 10, 13, 16, 6, 9 | A |
2. Will be able to explain the bank's duties and authorities. | 10, 13, 16, 6, 9 | A |
2.1. Have detailed information about the central bank law. | 10, 13, 16, 6, 9 | A |
2.2. Tell central bank's duties and authorities | 10, 13, 16, 6, 9 | A |
3. Will be able to evaluate central bank independence | 10, 13, 16, 6, 9 | A |
3.1. Define meaning of central bank Independence | 10, 13, 16, 6, 9 | A |
3.2. Analyze the results of central bank independence | 10, 13, 16, 6, 9 | A |
4. Will be able to evaluate the monetary policy and instruments applied by central bank | 10, 13, 16, 6, 9 | A |
4.1. Define basic concepts. | 10, 13, 16, 6, 9 | A |
4.2. Analyze monetary policy instruments. | 10, 13, 16, 6, 9 | A |
5. Will be able to analyze central bank balance sheet items | 10, 13, 16, 6, 9 | A |
5.1. Define central bank balance sheet | 10, 13, 16, 6, 9 | A |
5.2. Evaluate central bank balance sheet | 10, 13, 16, 6, 9 | A |
6. Will be able to analyze the central bank's duties towards price stability and financial stability | 10, 13, 16, 6, 9 | A |
6.1. Define price stability and financial stability | 10, 13, 16, 6, 9 | A |
6.2. Evaluate price stability and financial stability | 10, 13, 16, 6, 9 | A |
Teaching Methods: | 10: Discussion Method, 13: Case Study Method, 16: Question - Answer Technique, 6: Experiential Learning, 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 |
Y. Tamer Ergül, Finansal İstikrarsızlık Hipotezi, Bizim Kitaplar Yayınevi, 2015. Z. Yeşim Gürbüz, Gilbert Koenig, İrem Zeyneloğlu, Para Politikası, Makro İhtiyati Politikalar ve Finansal İstikrar, Kriter Yayınları, 2020. Parasız, İlker, Merkez Bankacılığı ve Para Politikası, Ezgi Kitabevi Yayınları, 2011. |
TYMOIGNE Eric, Measuring Macroprudential Risk: Financial Fragility Indexes, Levy Economics Institute of Bard College Working Paper, No. 654, March 2011, Sf. 4-10. VAN DEN END J. Willem, Indicator and Boundaries of Financial Stability, DNB Working Paper, No 97, March 2006, Sf. 2. VANHOOSE David D., Bank Capital Regulation, Economic Stability, and Monetary Policy: What Does the Academic Literature Tell Us?, Atlantic Economic Journal, 36. Volume 1. Issue, March 2008, Sf. 1-14. Parasız, İlker, Merkez Bankacılığı ve Para Politikası, Ezgi Kitabevi Yayınları, 2011 Edwin J. Elton, Martin J. Gruber, Stephen J. Brown, William N. Goetzmann, Modern Portfolio Theory and Investment Analysis, Wiley, 2014 |
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications | |||||||
No | Program Qualification | Contribution Level | |||||
1 | 2 | 3 | 4 | 5 | |||
1 | Uluslararası ticaret ve finansman alanında teorik bilgileri tanımlar. | X | |||||
2 | Uluslararası ticaret ve finansman alanında gerekli matematiksel ve istatistiki yöntemleri anlatır. | X | |||||
3 | Uluslararası ticaret ve finansman alanında gerekli en az bir bilgisayar programı kullanır. | X | |||||
4 | Uluslararası ticaret ve finansman alanında gerekli olan mesleki yabancı dil yeterliliğini gösterir. | X | |||||
5 | Uluslararası ticaret ve finansman alanında projeler hazırlar ve takım çalışmalarını yönetir. | X | |||||
6 | Mesleki alanda yaşam boyu öğrenmenin gerekliliği bilinciyle bilim ve teknolojideki gelişmeleri izleyerek kendini sürekli yenileyip edindiği bilgi ve becerileri eleştirel olarak değerlendirir. | X | |||||
7 | Uluslararası ticaret ve finansman alanında teorik ve uygulamaya yönelik bilgileri kullanır | X | |||||
8 | En az A1 düzeyinde bir yabancı dili kullanarak güncel teknolojileri takip eder, sözlü / yazılı iletişim kurar | ||||||
9 | Örgüt / kurumsal, iş ve toplumsal etik değerlerini benimser ve kullanır. | X | |||||
10 | Topluma hizmet duyarlılığı çerçevesinde, sosyal sorumluluk ilkelerini benimser ve gerektiğinde inisiyatif alır. | X | |||||
11 | Disiplinler arası çalışmalar yürütebilmek için farklı disiplinlerde (ekonomi, finans, sosyoloji, hukuk, işletme) temel bilgileri ve verileri analiz ederek alanında kullanır. | X | |||||
12 | Öğrenciler, küresel ticaret, ihracat-ithalat işlemleri, gümrük işlemleri ve dış ticaretin finansmanı alanlarında uzmanlık elde eder. | X |
Assessment Methods
Contribution Level | Absolute Evaluation | |
Rate of Midterm Exam to Success | 40 | |
Rate of Final Exam to Success | 60 | |
Total | 100 |