Course Detail
Course Description
| Course | Code | Semester | T+P (Hour) | Credit | ECTS |
|---|---|---|---|---|---|
| MONEY, BANKING and FINANCE | - | Spring 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 | Required |
| Course Coordinator | |
| Name of Lecturer(s) | Prof.Dr. Ali ARI |
| Assistant(s) | |
| Aim | The aim of this course is to provide students with an understanding of the nature of money, and current banking and financial system. |
| Course Content | This course contains; Introductory overview ,What is money? ,Understanding interest rates ,Financial markets,Financial crises ,Banking and management of financial institutions ,Central banking,Monetary policy,Price stability and inflation targeting,Foreign exchange market and international financial system ,Monetary system,Monetary demand and supply,Economic consequences of current financial system,Monetary policy after global financial crisis. |
| Dersin Öğrenme Kazanımları | Teaching Methods | Assessment Methods |
| 1. Will be able to explain what money is. | 16, 9 | A |
| 1.1. Express that money is actually debt. | 16, 9 | A |
| 1.2. Explain how money is created in the modern world. | 16, 9 | A |
| 2. Will be able to explain how banking system runs. | 16, 9 | A |
| 2.1. Explain how interest rates are determined. | 16, 9 | A |
| 2.2. Express the relationship between banks and the central bank. | 16, 9 | A |
| 2.3. Explain the relationship between banks and the real economy. | 16, 9 | A |
| 3. Will be able to explain the relationship between financial markets and real economy. | 16, 9 | A |
| 3.1. Express bond market. | 16, 9 | A |
| 3.2. Explain the importance of financial institutions for the economy. | 16, 9 | A |
| 4. Will be able to assess the financial instruments and markets, including the principles of risk and return. | 16, 9 | A |
| 4.1. Identify and explain various financial instruments, such as stocks, bonds, and derivatives. | 16, 9 | A |
| 4.2. Evaluate the functioning of financial markets, including stock exchanges and money markets. | 16, 9 | A |
| 5. Will be able to explain the ethical and regulatory considerations within the finance and banking industry. | 16, 9 | A |
| 5.1. Explain the importance of ethical behavior in maintaining public trust and financial stability. | 16, 9 | A |
| 5.2. Explain the consequences of regulatory non-compliance and the need for risk management. | 16, 9 | A |
| Teaching Methods: | 16: Question - Answer Technique, 9: Lecture Method |
| Assessment Methods: | A: Traditional Written Exam |
Course Outline
| Order | Subjects | Preliminary Work |
|---|---|---|
| 1 | Introductory overview | |
| 2 | What is money? | A. 3rd chapter of "The Economics of Money, Banking, And Financial Markets," 13th Edition, by Friedrich S. Mishkin, Pearson, 2021. B. 1st chapter of "Modernising Money," by Andrew Jackson and Ben Dyson, Positive Money, 2012. |
| 3 | Understanding interest rates | 4-5-6. chapters of "The Economics of Money, Banking, And Financial Markets," 13th Edition, by Friedrich S. Mishkin, Pearson, 2021. |
| 4 | Financial markets | 7th and 8th chapters of "The Economics of Money, Banking, And Financial Markets," 13th Edition, by Friedrich S. Mishkin, Pearson, 2021. |
| 5 | Financial crises | 9th chapter of 7th and 8th chapters of "The Economics of Money, Banking, And Financial Markets," 13th Edition, by Friedrich S. Mishkin, Pearson, 2021. |
| 6 | Banking and management of financial institutions | 10th and 12th chapters of "The Economics of Money, Banking, And Financial Markets," 13th Edition, by Friedrich S. Mishkin, Pearson, 2021. |
| 7 | Central banking | 13th and 14th chapters of The Economics of Money, Banking, And Financial Markets," 13th Edition, by Friedrich S. Mishkin, Pearson, 2021. |
| 8 | Monetary policy | 15th chapters of The Economics of Money, Banking, And Financial Markets," 13th Edition, by Friedrich S. Mishkin, Pearson, 2021. |
| 9 | Price stability and inflation targeting | A. 16th chapters of The Economics of Money, Banking, And Financial Markets," 13th Edition, by Friedrich S. Mishkin, Pearson, 2021. B. Mevlüt Tatlıyer, Inflation Targeting and the Need for a New Central Banking Framework, 2017. |
| 10 | Foreign exchange market and international financial system | 17th and 18th chapters of "The Economics of Money, Banking, And Financial Markets," 13th Edition, by Friedrich S. Mishkin, Pearson, 2021. |
| 11 | Monetary system | 2nd chapter of "Modernising Money," by Andrew Jackson and Ben Dyson, Positive Money, 2012. |
| 12 | Monetary demand and supply | 3rd chapter of "Modernising Money," by Andrew Jackson and Ben Dyson, Positive Money, 2012. |
| 13 | Economic consequences of current financial system | 4th chapter of "Modernising Money," by Andrew Jackson and Ben Dyson, Positive Money, 2012. |
| 14 | Monetary policy after global financial crisis | Chosen Essays |
| Resources |
| -Friedrich S. Mishkin, The Economics of Money, Banking, And Financial Markets, 13th Edition, Pearson, 2021. |
| -Andrew Jackson and Ben Dyson, Modernising Money, Positive Money, 2012. -Mevlüt Tatlıyer, Inflation Targeting and the Need for a New Central Banking Framework, Journal of Post Keynesian Economics, 40(4), December 2017. -David Graeber, Debt: The First 5000 Years, Melville House Publishing, 2011. -Josh Ryan-Collins et al., Where Does Money Come From?, NEF, 2011. |
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. | ||||||
| 3 | Uluslararası ticaret ve finansman alanında gerekli en az bir bilgisayar programı kullanır. | ||||||
| 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. | ||||||
| 6 | Mesleki alanda yaşam boyu öğrenmenin gerekliliği bilinciyle bilim ve teknolojideki gelişmeleri izleyerek kendini sürekli yenileyip edindiği bilgi ve becerileri eleştirel olarak değerlendirir. | ||||||
| 7 | Uluslararası ticaret ve finansman alanında teorik ve uygulamaya yönelik bilgileri kullanır | ||||||
| 8 | En az A1 düzeyinde bir yabancı dili kullanarak güncel teknolojileri takip eder, sözlü / yazılı iletişim kurar. | X | |||||
| 9 | Örgüt / kurumsal, iş ve toplumsal etik değerlerini benimser ve kullanır. | ||||||
| 10 | Topluma hizmet duyarlılığı çerçevesinde, sosyal sorumluluk ilkelerini benimser ve gerektiğinde inisiyatif alır. | ||||||
| 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. | ||||||
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 | 1 | 35 | 35 | |||
| Term Project | 0 | 0 | 0 | |||
| Presentation of Project / Seminar | 0 | 0 | 0 | |||
| Quiz | 0 | 0 | 0 | |||
| Midterm Exam | 1 | 35 | 35 | |||
| General Exam | 1 | 40 | 40 | |||
| Performance Task, Maintenance Plan | 0 | 0 | 0 | |||
| Total Workload(Hour) | 152 | |||||
| Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30*=(152/30) | 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 |
|---|---|---|---|---|---|
| MONEY, BANKING and FINANCE | - | Spring 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 | Required |
| Course Coordinator | |
| Name of Lecturer(s) | Prof.Dr. Ali ARI |
| Assistant(s) | |
| Aim | The aim of this course is to provide students with an understanding of the nature of money, and current banking and financial system. |
| Course Content | This course contains; Introductory overview ,What is money? ,Understanding interest rates ,Financial markets,Financial crises ,Banking and management of financial institutions ,Central banking,Monetary policy,Price stability and inflation targeting,Foreign exchange market and international financial system ,Monetary system,Monetary demand and supply,Economic consequences of current financial system,Monetary policy after global financial crisis. |
| Dersin Öğrenme Kazanımları | Teaching Methods | Assessment Methods |
| 1. Will be able to explain what money is. | 16, 9 | A |
| 1.1. Express that money is actually debt. | 16, 9 | A |
| 1.2. Explain how money is created in the modern world. | 16, 9 | A |
| 2. Will be able to explain how banking system runs. | 16, 9 | A |
| 2.1. Explain how interest rates are determined. | 16, 9 | A |
| 2.2. Express the relationship between banks and the central bank. | 16, 9 | A |
| 2.3. Explain the relationship between banks and the real economy. | 16, 9 | A |
| 3. Will be able to explain the relationship between financial markets and real economy. | 16, 9 | A |
| 3.1. Express bond market. | 16, 9 | A |
| 3.2. Explain the importance of financial institutions for the economy. | 16, 9 | A |
| 4. Will be able to assess the financial instruments and markets, including the principles of risk and return. | 16, 9 | A |
| 4.1. Identify and explain various financial instruments, such as stocks, bonds, and derivatives. | 16, 9 | A |
| 4.2. Evaluate the functioning of financial markets, including stock exchanges and money markets. | 16, 9 | A |
| 5. Will be able to explain the ethical and regulatory considerations within the finance and banking industry. | 16, 9 | A |
| 5.1. Explain the importance of ethical behavior in maintaining public trust and financial stability. | 16, 9 | A |
| 5.2. Explain the consequences of regulatory non-compliance and the need for risk management. | 16, 9 | A |
| Teaching Methods: | 16: Question - Answer Technique, 9: Lecture Method |
| Assessment Methods: | A: Traditional Written Exam |
Course Outline
| Order | Subjects | Preliminary Work |
|---|---|---|
| 1 | Introductory overview | |
| 2 | What is money? | A. 3rd chapter of "The Economics of Money, Banking, And Financial Markets," 13th Edition, by Friedrich S. Mishkin, Pearson, 2021. B. 1st chapter of "Modernising Money," by Andrew Jackson and Ben Dyson, Positive Money, 2012. |
| 3 | Understanding interest rates | 4-5-6. chapters of "The Economics of Money, Banking, And Financial Markets," 13th Edition, by Friedrich S. Mishkin, Pearson, 2021. |
| 4 | Financial markets | 7th and 8th chapters of "The Economics of Money, Banking, And Financial Markets," 13th Edition, by Friedrich S. Mishkin, Pearson, 2021. |
| 5 | Financial crises | 9th chapter of 7th and 8th chapters of "The Economics of Money, Banking, And Financial Markets," 13th Edition, by Friedrich S. Mishkin, Pearson, 2021. |
| 6 | Banking and management of financial institutions | 10th and 12th chapters of "The Economics of Money, Banking, And Financial Markets," 13th Edition, by Friedrich S. Mishkin, Pearson, 2021. |
| 7 | Central banking | 13th and 14th chapters of The Economics of Money, Banking, And Financial Markets," 13th Edition, by Friedrich S. Mishkin, Pearson, 2021. |
| 8 | Monetary policy | 15th chapters of The Economics of Money, Banking, And Financial Markets," 13th Edition, by Friedrich S. Mishkin, Pearson, 2021. |
| 9 | Price stability and inflation targeting | A. 16th chapters of The Economics of Money, Banking, And Financial Markets," 13th Edition, by Friedrich S. Mishkin, Pearson, 2021. B. Mevlüt Tatlıyer, Inflation Targeting and the Need for a New Central Banking Framework, 2017. |
| 10 | Foreign exchange market and international financial system | 17th and 18th chapters of "The Economics of Money, Banking, And Financial Markets," 13th Edition, by Friedrich S. Mishkin, Pearson, 2021. |
| 11 | Monetary system | 2nd chapter of "Modernising Money," by Andrew Jackson and Ben Dyson, Positive Money, 2012. |
| 12 | Monetary demand and supply | 3rd chapter of "Modernising Money," by Andrew Jackson and Ben Dyson, Positive Money, 2012. |
| 13 | Economic consequences of current financial system | 4th chapter of "Modernising Money," by Andrew Jackson and Ben Dyson, Positive Money, 2012. |
| 14 | Monetary policy after global financial crisis | Chosen Essays |
| Resources |
| -Friedrich S. Mishkin, The Economics of Money, Banking, And Financial Markets, 13th Edition, Pearson, 2021. |
| -Andrew Jackson and Ben Dyson, Modernising Money, Positive Money, 2012. -Mevlüt Tatlıyer, Inflation Targeting and the Need for a New Central Banking Framework, Journal of Post Keynesian Economics, 40(4), December 2017. -David Graeber, Debt: The First 5000 Years, Melville House Publishing, 2011. -Josh Ryan-Collins et al., Where Does Money Come From?, NEF, 2011. |
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. | ||||||
| 3 | Uluslararası ticaret ve finansman alanında gerekli en az bir bilgisayar programı kullanır. | ||||||
| 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. | ||||||
| 6 | Mesleki alanda yaşam boyu öğrenmenin gerekliliği bilinciyle bilim ve teknolojideki gelişmeleri izleyerek kendini sürekli yenileyip edindiği bilgi ve becerileri eleştirel olarak değerlendirir. | ||||||
| 7 | Uluslararası ticaret ve finansman alanında teorik ve uygulamaya yönelik bilgileri kullanır | ||||||
| 8 | En az A1 düzeyinde bir yabancı dili kullanarak güncel teknolojileri takip eder, sözlü / yazılı iletişim kurar. | X | |||||
| 9 | Örgüt / kurumsal, iş ve toplumsal etik değerlerini benimser ve kullanır. | ||||||
| 10 | Topluma hizmet duyarlılığı çerçevesinde, sosyal sorumluluk ilkelerini benimser ve gerektiğinde inisiyatif alır. | ||||||
| 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. | ||||||
Assessment Methods
| Contribution Level | Absolute Evaluation | |
| Rate of Midterm Exam to Success | 40 | |
| Rate of Final Exam to Success | 60 | |
| Total | 100 | |