TÜRKÇE
ENGLISH
Information
| Code | IKS406 |
| Name | Central Banking and Monetary Policy |
| Term | 2023-2024 Academic Year |
| Semester | 8. Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 6 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | Türkçe |
| Level | Lisans Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Doç. Dr. ERHAN İŞCAN |
| Course Instructor |
1 |
Course Goal / Objective
Taking the importance central banks have gained in recent years into consideration, and on the one hand focusing on the importance of political / economic mergers between countries, on the other hand, the importance of new economies approaching, and finally remebering the increasing international capital movements, the purpose of this course is first of all focusing on the functions, the role of central banks in monetary policy instruments and objectives put forward in the liberalization of capital movements, especially their effects on the balance sheets of central banks. Secondly, understanding the function of central banks and analyzing the independence of central banks, the inflation targeting and reserve governments and their economic consequences. In addition, understanding the working system of central banks and the ability to analyze and make inferences about the future.
Course Content
Modern Perspectives on Money and Monetary Policy in the Financial System and Banking, Banking, and Central Banking, Central Bank Independence, Reliability, Importance of the Principles of Transparency and Accountability.
Course Precondition
There are no prerequisites.
Resources
Mishkin, F. S. (2012). The Economics of Money, Banking and Financial Markets (The Pearson Series in Economics).
Notes
Hartmann, P., & Smets, F. (2018). The first twenty years of the European Central Bank: monetary policy.
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Understand the position and role of central banks in money policy. |
| LO02 | Analyze the economical results of the changes in balance sheets due to capital movements. |
| LO03 | Analyze the independence of central banks, inflation targeting, reserve management, and their economic consequences. |
| LO04 | Recommends the necessary policies to ensure price stability. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Explains basic conceptual information about economy and finance | |
| PLO02 | Bilgi - Kuramsal, Olgusal | interprets data from different sources using contemporary communication tools, methods and processes. | 5 |
| PLO03 | Bilgi - Kuramsal, Olgusal | Having basic computer knowledge and skills, she uses this knowledge in the professional field | 5 |
| PLO04 | Bilgi - Kuramsal, Olgusal | explain the duties and authorities of Public Financial Institutions. | |
| PLO05 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Works effectively individually and/or in a team. | 5 |
| PLO06 | Beceriler - Bilişsel, Uygulamalı | Synthesizes and effectively presents the information obtained from different sources within the framework of academic rules in the field of research. | 5 |
| PLO07 | Beceriler - Bilişsel, Uygulamalı | Being aware of the necessity of lifelong learning, she follows the current developments in her field. | |
| PLO08 | Beceriler - Bilişsel, Uygulamalı | Synthesizes the information obtained from different sources within the framework of academic rules. | |
| PLO09 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Turkish and at least one foreign language is used in accordance with the needs of academic life and business life | |
| PLO10 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | explain the job descriptions of professional people. | |
| PLO11 | Yetkinlikler - Öğrenme Yetkinliği | Have social, scientific and ethical values. | |
| PLO12 | Yetkinlikler - Öğrenme Yetkinliği | Apart from the traditional approach, it develops new working methods when it deems necessary. | |
| PLO13 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Expresses herself orally and in writing |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Monetary Policy and Central Banking-1 | Readings | Öğretim Yöntemleri: Anlatım |
| 2 | Monetary Policy and Central Banking-2 | Readings | Öğretim Yöntemleri: Anlatım |
| 3 | Balance Sheet of central banks-1 | Readings | Öğretim Yöntemleri: Anlatım |
| 4 | Balance Sheet of central banks-2 | Readings | Öğretim Yöntemleri: Anlatım |
| 5 | Effects of the monetary policy-1 | Readings | Öğretim Yöntemleri: Anlatım |
| 6 | Effects of the monetary policy-2 | Readings | Öğretim Yöntemleri: Anlatım |
| 7 | Effects of the monetary policy-3 | Readings | Öğretim Yöntemleri: Anlatım |
| 8 | Midterm exam | prepare to exam | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Inflation targeting | Readings | Öğretim Yöntemleri: Anlatım |
| 10 | Monetary policy options of TCMB | Readings | Öğretim Yöntemleri: Anlatım |
| 11 | Balance sheet of central bank | Readings | Öğretim Yöntemleri: Anlatım |
| 12 | Independence of Central Bank | Readings | Öğretim Yöntemleri: Anlatım |
| 13 | Manage of reserve and economic consequences | Readings | Öğretim Yöntemleri: Anlatım |
| 14 | Manage of reserve and economic consequences-1 | Readings | Öğretim Yöntemleri: Anlatım |
| 15 | Manage of reserve and economic consequences-2 | Readings | Öğretim Yöntemleri: Anlatım |
| 16 | Final exam | prepare to exam | Ölçme Yöntemleri: Yazılı Sınav |
| 17 | Final exam-2 | prepare to exam | Ölçme Yöntemleri: Yazılı Sınav |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 3 | 42 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 5 | 70 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 0 | 0 | 0 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 15 | 15 |
| Final Exam | 1 | 30 | 30 |
| Total Workload (Hour) | 157 | ||
| Total Workload / 25 (h) | 6,28 | ||
| ECTS | 6 ECTS | ||