| Course Type | Elective Course |
|---|
| Course Level | Bachelor's Degree |
|---|
| Year of Study | - |
|---|
| Semester | - |
|---|
| ECTS | 5 |
|---|
| Name of Lecturer(s) |
- |
| Learning Outcomes |
At the end of this course, the students;
- Define the functioning of the Central Bank.
- Grasp the monetary policies of the Central Bank.
- Understand the markets of the Central Bank.
- Analyze the decisions of the Monetary Policy Committee.
- Define the functioning of the Central Bank's balance sheet.
- Analyze the balance sheet of the Central Bank.
- Evaluate the effects of the Central Bank's balance sheet on the economy.
|
| Mode of Delivery | Face to face |
|---|
| Prerequisites | No |
|---|
| Recommended Optional Programme Components | None |
|---|
| Course Description | This course examines the functions of the Central Bank, focusing on monetary policy tools, the process of money creation, inflation control, and the relationships between the Central Bank, the financial sector, real sector, Treasury, and international markets. Additionally, important market instruments used by the Central Bank of the Republic of Turkiye (CBRT) will be introduced. |
|---|
| Course Contents |
| WEEK |
TOPICS |
|
1st Week |
General course information and introduction (How does the economy work?) |
|
2nd Week |
The Central Bank of the Republic of Turkiye: its establishment, history, and objectives |
|
3rd Week |
The duties, responsibilities, structure, and organizational chart of the Central Bank of the Republic of Turkiye |
|
4th Week |
Analysis and interpretation of the Central Bank's balance sheet |
|
5th Week |
Monetary policy tools and the principles of money supply |
|
6th Week |
History of monetary and inflation control policies |
|
7th Week |
Open market operations and Central Bank markets |
|
8th Week |
Midterm exam |
|
9th Week |
Clearinghouse functions, EFT, and Electronic Securities Transfer System (ESTS) |
|
10th Week |
Treasury-Central Bank relations and financing budget deficits |
|
11th Week |
Financial sector in Turkiye |
|
12th Week |
Exchange rate policies and Central Bank foreign exchange markets |
|
13th Week |
Balance of payments and international investment position |
|
14th Week |
General review |
|
| Recommended or Required Reading | Parasız, İ. (2016). Para teorisi ve politikası (3rd ed.). Ezgi Kitabevi.
Parasız, İ. (2011). Merkez bankacılığı ve para politikası. Ezgi Kitabevi. |
|---|
| Planned Learning Activities and Teaching Methods |
- Lecture
- Discussion
- Questions/Answers
|
|---|
| Assessment Methods and Criteria |
|
Quantity |
Percentage (%) |
| Mid-term |
1 |
40 |
| Total(%) |
|
40 |
| Contribution of In-term Studies to Overall Grade(%) |
|
40 |
| Contribution of Final Examination to Overall Grade(%) |
|
60 |
| Total(%) |
|
100 |
|
| ECTS Allocated Based on Student Workload |
| Activities |
Quantity |
Duration (Hour) |
Total Workload (Hour) |
| Midterm exam |
1 |
1 |
1 |
| Preparation for Quiz |
|
|
|
| Individual or group work |
14 |
3 |
42 |
| Preparation for Final exam |
1 |
40 |
40 |
| Course hours |
13 |
3 |
39 |
| Preparation for Midterm exam |
1 |
20 |
20 |
| Laboratory (including preparation) |
|
|
|
| Final exam |
1 |
1 |
1 |
| Homework |
|
|
|
| Total Work Load | 143 |
| Total Work Load / 30 (h) | 4.76 |
| ECTS Credit of the Course | 5 |
|
| Language of Instruction | Turkish |
|---|
| Work Placement(s) | No |
|---|
