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Information
| Unit | INSTITUTE OF SOCIAL SCIENCES |
| ECONOMICS (PhD) | |
| Code | İKT822 |
| Name | Financial Markets and Institutions |
| Term | 2024-2025 Academic Year |
| Term | Fall and Spring |
| Duration (T+A) | 4-0 (T-A) (17 Week) |
| ECTS | 9 ECTS |
| National Credit | 4 National Credit |
| Teaching Language | Türkçe |
| Level | Doktora Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. HARUN BAL |
| Course Instructor |
The current term course schedule has not been prepared yet.
|
Course Goal / Objective
This course aims to analyze the functioning, structure and role of financial markets and institutions in the economic system at the doctoral level. The basic components of the financial system, asset pricing theories, market efficiency, financial crises, regulations and central banking policies will be covered comprehensively. Students will be able to evaluate price formation processes, investor behavior and global capital movements in financial markets with theoretical and empirical methods. In addition, current financial innovations, FinTech, blockchain technologies and sustainable finance are also examined, aiming to develop an in-depth understanding of the dynamics of the modern financial system. At the end of the course, students are expected to have theoretical and analytical skills that will contribute to academic discussions on financial markets and institutions, develop policy recommendations and conduct advanced research.
Course Content
The function and importance of financial markets, financial intermediaries, markets and institutions, the impact of financial markets on economic growth and development, money markets and capital markets, bond and stock markets. bond and stock markets, foreign exchange markets and derivative markets, digital finance and cryptocurrency markets, financial institutions and intermediaries, valuation of financial assets and pricing models, financial crises and regulations, monetary policy, central banks and financial markets, global financial markets and international capital movements,
Course Precondition
There is no prerequisite for the course.
Resources
Kevin D. Hoover - Applied Intermediate Macroeconomics-Cambridge Uni. Press (2011).
Notes
Peter Montiel - Macroeconomics in Emerging Markets-Cambridge Uni. Press (2011).
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Explains the types of financial markets and their effects on economic growth and stability. |
| LO02 | Explains the functioning of financial institutions and their role in the economy. |
| LO03 | Valuates bonds, stocks and derivatives using asset pricing models. |
| LO04 | Explains based on theoretical and empirical studies on the efficiency of financial markets and investor behavior. |
| LO05 | Explains based on theoretical and empirical studies on the efficiency of financial markets and investor behavior. |
| LO06 | Explains the causes and consequences of financial crises in a historical and theoretical framework. |
| LO07 | Explains the effects of monetary policy and central bank strategies on financial markets. |
| LO08 | Explains global financial markets, exchange rate systems and international capital movements. |
| LO09 | Explains current financial innovations such as financial technologies (FinTech), blockchain and sustainable finance. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Explains the importance of demand and supply and the conditions of the market economy to work better | 5 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Conducts new research that contributes to science. | |
| PLO03 | Bilgi - Kuramsal, Olgusal | Specifies the role of the market economy, the price advantage of the event. | 5 |
| PLO04 | Bilgi - Kuramsal, Olgusal | Specifies the role of the price advantage in market economy | |
| PLO05 | Bilgi - Kuramsal, Olgusal | Faces with challenges, produces a numerical and policy options. | 5 |
| PLO06 | Bilgi - Kuramsal, Olgusal | Applies the methods of economic analysis. | |
| PLO07 | Bilgi - Kuramsal, Olgusal | Acquires the ability of analyzing in the conceptual level ,compares interprets, evaluates and synthesizes ideas in order to develop solutions to the problems. | 5 |
| PLO08 | Bilgi - Kuramsal, Olgusal | Has the knowledge of quantitative and qualitative techniques used in Economics. | 5 |
| PLO09 | Yetkinlikler - Alana Özgü Yetkinlik | Builds, decodes and interprets models by using quantitative and qualitative techniques | 4 |
| PLO10 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Takes responsibility individually and / or in a team,leads a team and works effectively | |
| PLO11 | Yetkinlikler - Öğrenme Yetkinliği | With the awareness of the necessity of life-long learning, follows the latest developments about his field and improves himself | |
| PLO12 | Bilgi - Kuramsal, Olgusal | Speaks Turkish, and at least one other foreign language in accordance with the requirements of academic and business life. | |
| PLO13 | Yetkinlikler - Alana Özgü Yetkinlik | Recognize and apply social, scientific and professional ethical values. | |
| PLO14 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Expresses himself/herself accurately, both orally and in writing. | |
| PLO15 | Beceriler - Bilişsel, Uygulamalı | Publishes original studies in the field of economics in scientific journals. | |
| PLO16 | Beceriler - Bilişsel, Uygulamalı | Knows where and how to find all scientific resources and data with information technologies to do research. | |
| PLO17 | Yetkinlikler - Alana Özgü Yetkinlik | Understands the necessity and importance of research in social sciences. |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Dersin tanıtımı ve giriş | Kaynak Okuma | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 2 | Finansallaşma süreci | Kaynakları okuma | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 3 | Finansal sistem | Kaynakları okuma | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 4 | Finansal big-bang | Kaynakları okuma | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 5 | Merkez Bankaları | Kaynakları okuma | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 6 | Düzenleyici kurumlar | Kaynakları okuma | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 7 | Para politikaları | Kaynakları okuma | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 8 | Mid-Term Exam | Kaynakları okuma | Ölçme Yöntemleri: Yazılı Sınav, Ödev |
| 9 | Döviz piyasaları | Kaynakları okuma | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 10 | İktisat teorisi ve finansallaşma ilişkileri | Kaynakları okuma | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 11 | Para teorisi tartışmaları | Kaynakları okuma | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 12 | Niceliksel genişleme uygulamaları | Kaynakları okuma | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 13 | Gelecekte işlem piyasaları | Kaynakları okuma | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 14 | Risk yönetimi | Kaynakları okuma | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 15 | Para-Faiz-Enflasyon İlişkileri | Kaynakları okuma | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 16 | Term Exams | Kaynakları okuma | Ölçme Yöntemleri: Yazılı Sınav |
| 17 | Term Exams | Kaynakları okuma | Ölçme Yöntemleri: Yazılı Sınav |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 4 | 56 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 4 | 56 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 2 | 30 | 60 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 30 | 30 |
| Final Exam | 1 | 30 | 30 |
| Total Workload (Hour) | 232 | ||
| Total Workload / 25 (h) | 9,28 | ||
| ECTS | 9 ECTS | ||