ISTANBUL OKAN UNIVERSITY INFORMATION PACKAGE / COURSE CATALOGUE
| Banking and Finance (English) | |||||
| Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 | ||
General course introduction information
| Course Code: | FNCE313 | ||||||||
| Course Name: | Monetary Economics | ||||||||
| Course Semester: |
Spring |
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| Course Credits: |
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| Language of instruction: | EN | ||||||||
| Course Requisites: | |||||||||
| Does the Course Require Work Experience?: | No | ||||||||
| Type of course: | Faculty Elective | ||||||||
| Course Level: |
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| Mode of Delivery: | Face to face | ||||||||
| Course Coordinator : | Dr.Öğr.Üyesi MEHMET GÖKHAN GÖKTAN | ||||||||
| Course Lecturer(s): |
Prof. Dr. FATMA ÇİĞDEM ÇELİK Dr.Öğr.Üyesi MEHMET GÖKHAN GÖKTAN |
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| Course Assistants: |
Course Objective and Content
| Course Objectives: | Become familiar with the money suppy process. Analyze and discuss ongoing monetary policy implementations of central banks. Identify the effects of monetary policy decisions on the economic activity |
| Course Content: | An introduction to monetary theory; to the effects of monetary variables on the macroeconomic system; theories of the demand for money; classical monetary theory; monetary policy strategies; neutrality; inflation; interest-rate feedback rules; the banking system; financial intermediation; the determinants of the money supply; the transmission mechanism of monetary policy; the term structure of interest rates including inflation targeting; policymaking in an uncertain environment; the role of the Central Bank and the conduct of monetary policy; the interaction between monetary and fiscal policy and the arguments for Central Bank independence the nature and function of money; the Phillips curve; financial crises and the role of the central bank as a lender of last resort. |
Learning Outcomes
The students who have succeeded in this course;
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Lesson Plan
| Week | Subject | Related Preparation |
| 1) | What is Money? | none |
| 2) | Banking and the Management of Financial Institutions | reading |
| 3) | Central Banks: A Global Perspective | reading |
| 4) | The Money Supply Process | redaing |
| 5) | The Money Supply Process | reading |
| 6) | Tools of Monetary Policy | reading |
| 7) | The Conduct of Monetary Policy: Strategy and Tactics | reading |
| 8) | The International Financial System | reading |
| 9) | Quantity Theory, Inflation, and the Demand for Money | reading |
| 10) | The Monetary Policy and Aggregate Demand Curves | reading |
| 11) | Monetary Policy Theory | reading |
| 12) | Monetary Policy Theory | redaing |
| 13) | The Role of Expectations in Monetary Policy | reading |
| 14) | Transmission Mechanisms of Monetary Policy | reading |
| 15) | FINAL EXAM (ALL CHAPTERS) | none |
Sources
| Course Notes / Textbooks: | The Economics of Money, Banking and Financial Markets Frederick S. Mishkin, 11th ed., (Global Edition) 2016 ISBN-10: 1-29-209418-4 • ISBN-13: 978-1-292-09418-2 |
| References: | The Economics of Money, Banking and Financial Markets Frederick S. Mishkin, 11th ed., (Global Edition) 2016 ISBN-10: 1-29-209418-4 • ISBN-13: 978-1-292-09418-2 |
Course-Program Learning Outcome Relationship
| Learning Outcomes | 1 |
2 |
3 |
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|---|---|---|---|---|---|---|---|---|
| Program Outcomes | ||||||||
| 1) Explain the essential body of knowledge in the area of banking and finance, including evolution of the discipline, the state-of-the-art concepts, scientific methodology, theories and models. | ||||||||
| 2) Employ the appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in the related areas, interpret results and propose solutions. | ||||||||
| 3) Recognize why financial institutions and financial intermediation exist and how they are structured. | ||||||||
| 4) Distinguish the insight about basic banking principles and regulations surrounding the banking industry. | ||||||||
| 5) Discover and create entrepreneurial opportunities and expertise to successfully establish and develop their own ventures. | ||||||||
| 6) Recognize, interpret and discuss the current global economic issues. | ||||||||
| 7) Communicate in written and oral English with people from diverse backgrounds, and have the English proficiency to follow and interpret the global dynamics in the areas of banking and finance. | ||||||||
| 8) Express the role of international capital markets in the global economy; accordingly define the concept of risk in terms of measurement and management. | ||||||||
| 9) Identify standards of personal, professional, social and business ethics, evaluate the ethical implications of various practices in the related areas, and be aware the importance of ethical behavior in adding value to the society. | ||||||||
Course - Learning Outcome Relationship
| No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
| Program Outcomes | Level of Contribution | |
| 1) | Explain the essential body of knowledge in the area of banking and finance, including evolution of the discipline, the state-of-the-art concepts, scientific methodology, theories and models. | |
| 2) | Employ the appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in the related areas, interpret results and propose solutions. | |
| 3) | Recognize why financial institutions and financial intermediation exist and how they are structured. | |
| 4) | Distinguish the insight about basic banking principles and regulations surrounding the banking industry. | |
| 5) | Discover and create entrepreneurial opportunities and expertise to successfully establish and develop their own ventures. | |
| 6) | Recognize, interpret and discuss the current global economic issues. | |
| 7) | Communicate in written and oral English with people from diverse backgrounds, and have the English proficiency to follow and interpret the global dynamics in the areas of banking and finance. | |
| 8) | Express the role of international capital markets in the global economy; accordingly define the concept of risk in terms of measurement and management. | |
| 9) | Identify standards of personal, professional, social and business ethics, evaluate the ethical implications of various practices in the related areas, and be aware the importance of ethical behavior in adding value to the society. |
Learning Activity and Teaching Methods
| Field Study | |
| Peer Review | |
| Individual study and homework | |
| Reading | |
| Homework |
Assessment & Grading Methods and Criteria
| Written Exam (Open-ended questions, multiple choice, true-false, matching, fill in the blanks, sequencing) | |
| Oral Examination | |
| Group project | |
| Presentation | |
| Reporting |
Assessment & Grading
| Semester Requirements | Number of Activities | Level of Contribution |
| Midterms | 1 | % 40 |
| Final | 1 | % 60 |
| total | % 100 | |
| PERCENTAGE OF SEMESTER WORK | % 40 | |
| PERCENTAGE OF FINAL WORK | % 60 | |
| total | % 100 | |
Workload and ECTS Credit Grading
| Activities | Number of Activities | Duration (Hours) | Workload |
| Midterms | 40 | 0 | 0 |
| Final | 60 | 0 | 0 |
| Total Workload | 0 | ||