IKS406 Central Banking and Monetary Policy

6 ECTS - 3-0 Duration (T+A)- 8. Semester- 3 National Credit

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 Doç. Dr. ERHAN İŞCAN (A Group) (Ins. in Charge)


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 course 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 Explain the importance of demand and supply in economy science and the well-running conditions of the market economy
PLO02 Bilgi - Kuramsal, Olgusal Define the role of pricing within the event advantage of the market economy.
PLO03 Bilgi - Kuramsal, Olgusal Define the role of the state in economy, money and financial policies, the central bank and the structure of the market. 5
PLO04 Bilgi - Kuramsal, Olgusal Perceive the costs and benefits arising from the global economy
PLO05 Bilgi - Kuramsal, Olgusal Produce numerical and policy options when confronted with problems. 5
PLO06 Bilgi - Kuramsal, Olgusal Use quantitative and qualitative techniques of model building, decoding and interpretation.
PLO07 Beceriler - Bilişsel, Uygulamalı Use the theory of economics in the analysis of economic events. 5
PLO08 Beceriler - Bilişsel, Uygulamalı Use computer programs, do synthesis and present prepared data efficiently.
PLO09 Beceriler - Bilişsel, Uygulamalı Apply the methods of economic analysis. 5
PLO10 Bilgi - Kuramsal, Olgusal Analyze at conceptual level and acquires ability in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems
PLO11 Beceriler - Bilişsel, Uygulamalı Use of different sources about an unfamiliar field within academic principles, synthesize gained data and presents effectively. 5
PLO12 Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği Take responsibility individually and / or in a team, take leadership and work effectively.
PLO13 Yetkinlikler - Öğrenme Yetkinliği Follow innovative developments in the field being aware of the necessity of lifelong learning and improving him-/herself..
PLO14 Yetkinlikler - İletişim ve Sosyal Yetkinlik Use Turkish and at least one foreign language in accordance with the requirements of academic and work life.
PLO15 Yetkinlikler - İletişim ve Sosyal Yetkinlik Understand and interpret related people´s feelings, thoughts, and behaviours correctly; expresse him-/herself accurately in written and oral language.
PLO16 Yetkinlikler - Alana Özgü Yetkinlik Question traditional approaches, practices and methods. 5
PLO17 Yetkinlikler - Alana Özgü Yetkinlik Recognize and apply social, scientific and professional ethical values.


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 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

Update Time: 04.05.2023 08:36