Course Information
SemesterCourse Unit CodeCourse Unit TitleT+P+LCreditNumber of ECTS Credits
6ITF312Money And Banking3+0+036

Course Details
Language of Instruction English
Level of Course Unit Bachelor's Degree
Department / Program International Trade and Finance (Eng)
Mode of Delivery Face to Face
Type of Course Unit Compulsory
Objectives of the Course This course is designed to help students understand the connections between money (the Central Bank), financial markets, and the macroeconomy. How are interest rates determined, and how does the Federal Reserve conduct monetary policy? What economic factors drive the yield curves in different bond markets? We will pay particular attention to the banking system, with an eye toward understanding the function and importance of banks. Topics will include the role of the Central Bank as a lender of last resort during the recent, and prior, financial crises, unconventional monetary policy tools such as quantitative easing and forward guidance. We discuss new developments in payment and clearing including cryptocurrencies. We will often begin class with a discussion of current macro-financial market events in the context of our course coverage. The course is appropriate for anyone trying to gain a macroeconomic perspective on capital markets, from investors to bankers, or those simply interested in the linkages between interest rates, banks and the economy.
Course Content Why Study Money, Banking, and Financial Markets? - An Overview of the Financial System
What is Money? The Meaning of Interest Rates 4
The Behaviour of Interest Rates
The Risk and Term Structure of Interest Rates,- The Stock Market, Rational Expectations, Efficient Market Hypothesis
An Economic Analysis of Financial Structure, Financial Crises Contingent Capital
Central Banks and the Bank of Canada Money Creation in the Modern Economy
Tools of Monetary Policy - The Conduct of Monetary Policy: Strategy and Tactics
The Foreign Exchange Market
Course Methods and Techniques Classroom teaching with blackboard and projector. Reading textbooks and other sources. Homework assignments and ask friends for help.
Prerequisites and co-requisities None
Course Coordinator Prof.Dr. Enver Alper Güvel
Name of Lecturers Prof.Dr. Enver Alper Güvel
Assistants None
Work Placement(s) No

Recommended or Required Reading
Resources The Economics of Money, Banking, and Financial Markets, Frederic Mishkin,
Required Textbook: The Economics of Money, Banking, and Financial Markets, Frederic Mishkin,
Friedrich Mishkin, The Theory of Money, Banking and Financial MArkets

Course Category
Mathematics and Basic Sciences %25
Social Sciences %15
Field %60

Planned Learning Activities and Teaching Methods
Activities are given in detail in the section of "Assessment Methods and Criteria" and "Workload Calculation"

Assessment Methods and Criteria
In-Term Studies Quantity Percentage
Mid-terms 1 % 30
Assignment 1 % 10
Final examination 1 % 60
Total
3
% 100

 
ECTS Allocated Based on Student Workload
Activities Quantity Duration Total Work Load
Course Duration 14 3 42
Hours for off-the-c.r.stud 14 5 70
Assignments 1 6 6
Presentation 1 5 5
Mid-terms 1 14 14
Final examination 1 16 16
Total Work Load   Number of ECTS Credits 6 153

Course Learning Outcomes: Upon the successful completion of this course, students will be able to:
NoLearning Outcomes
1 Evaluate the functions of money and its evolution, recognizing its role in promoting economic efficiency and the implications for financial systems.
2 Analyze the impact of central banks and monetary policy on economic growth and fluctuations, advancing understanding of their significance in the global economy.
3 Demonstrate an in-depth understanding of how financial markets, such as bond and stock markets, operate and their role in promoting economic efficiency.
4 Assess the influence of interest rate changes on consumers, businesses, and the overall economy, while also understanding the operations of foreign exchange markets and the factors affecting exchange rates in the long run.


Weekly Detailed Course Contents
WeekTopicsStudy MaterialsMaterials
1 Financial Markets and Institutions
2 The Evolution, properties, functions and types of money
3 Understanding Interest Rates (Case Study)
4 The Behaviour and Term Structure of Interest Rates
5 Economic Analysis of Financial Regulation
6 Banking Industry: Structure and Competition (Case Study)
7 Central Banking and the Conduct of Monetary Policy
8 Midterm Exam
9 Tools of Monetary Policy (Case Study)
10 The Conduct of Monetary Policy: Strategy and Tactics
11 The Foreign Exchange Market
12 The International Financial System (Case Study)
13 The Demand for Money
14 Transmission Mechanisms of Monetary Policy (Case Study)
15 The Money Supply Process (Case Study)


Contribution of Learning Outcomes to Programme Outcomes
P1 P2 P3 P4 P5 P6 P7
All 5 2 5 4 4 3 2
C1 5 2 5 4 4 3 2
C2 5 2 5 4 4 3 2
C3 5 2 5 4 4 3 2
C4 5 2 5 4 4 3 2

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