Course Name : Money and Banking

Degree: Bachelor

Code

Year/Semester

Local Credits

ECTS Credits

Course Implementation, Hours/Week

Course

Tutorial

Laboratory

EF 321

3/2 (Spring)

3

5

3

-

-

Department

Economics and Finance

Instructors

Asst. Prof. Dr. S. Meral Çakıcı

Contact Information

e-mail: smcakici@pirireis.edu.tr

Office Hours

Monday 10:00- 12:00

Web page

-

Course Type

 Compulsory

Course Language

English

Course Prerequisites

  EF 221

Course Description

This course aims to provide a comprehensive analysis of monetary theory and policy, banking, and financial institutions. Motivation to study money and financial intermediation, definition and role of money, money and its linkage with inflation, interest rates and business cycles, the quantity theory of money, money supply process, monetary policy tools, central banking and conduct of monetary policy, banking and management of financial institutions, financial markets, efficient market hypothesis, financial regulation, and financial crises are among the topics to be covered in this course.

Course Objectives

1. To equip students with the fundamentals of monetary theory and policy as well as banking

2. To enable students to establish the connection of money to inflation, interest rates and business cycles

3. To provide students with general information regarding monetary policy tools, central banking and conduct of monetary policy

4. To enable students to follow current issues related to financial markets, financial institutions, financial regulation and financial crises

Course Learning Outcomes

Students that complete the Money and Banking-EF 321 course successfully are able to

1. Identify the functions of money and financial intermediation
2. Explain the relationship of money with inflation, interest rates and business cycles
3. Describe and interpret the quantity theory of money
4. Explain monetary policy tools, central banking and conduct of monetary policy
5. Explain management of financial institutions, efficient market hypothesis, financial regulation and financial crises

Instructional Methods and Techniques

Presentation of Theory, Discussion and Presentation of Selected Literature

Tutorial Place

-

Co-term Condition

-

Textbook

“The Economics of Money, Banking, and Financial Markets” by Frederic S. Mishkin, Pearson, 11^th Edition, 2016.

Other References

-

Homework & Projects

Students are assigned benchmark papers from the related literature to get prepared for a presentation in class, which will constitute 20% of the evaluation for grade.

Laboratory Work

-

Computer Use

-

Assessment Criteria

Activities

Quantity

Effects on Grading, %

Attendance

Midterm

1

30

Quiz

Homework

Term Paper/Project

Laboratory Work

Practices

Tutorial

Seminar

Presentation

1

20

Field Study

Final Exam

1

50

TOTAL

100

Effects of Midterm on Grading, %

30

Effects of Final on Grading, %

50

TOTAL

80

Week

Topics

Course Outcomes

1

Introduction-Motivation to Study Money and Financial Intermediation

I, III

2

Definition and Role of Money

III

3

A Brief Look at the Relationship of Money to Inflation, Interest Rates, and Business Cycles

I, II

4

Definition and Scope of Monetary Policy

IV

5

Introduction to Financial Markets and Financial Institutions

IV

6

Interest Rates, Stock Market, Theory of Rational Expectations, Efficient Market Hypothesis

IV, V

7

Management of Financial Institutions

8

Midterm

9

Financial Regulation, Financial Crises

IV

10

Central Banking and Conduct of Monetary Policy

IV

11

Money Supply Process, Tools of Monetary Policy

IV

12

Quantity Theory of Money, Inflation, and Demand for Money

IV

13

Monetary Policy and Aggregate Demand Curves

IV, V

14

Phillips Curve and Short-Run Aggregate Supply Curve

Program Outcomes

Level of Contribution

1

2

3

a

The ability to analyze theoretical knowledge regarding economics and finance, and to evaluate the empirical implications of such knowledge

b

The ability to gather unique information specific to social and behavioral sciences using documented and visual sources focused on academics, management and politics

c

The ability to derive new information through employing information related to economics and finance in technical and computerized instruments

d

The ability to present obtained information as research report or article in a technically equipped manner (i.e., using computer programs) as required by fields of economics and finance

e

The ability to use information regarding economics and finance in decision-making and implementing as well as in turning the decisions made into habits

f

The ability to analyze and discuss issues related to economics, finance, and their subfields as well as other  fields of social sciences in an interdisciplinary approach

g

The ability to absorb and correctly evaluate ethical and professional responsibilities

h

The ability to communicate fluently and effectively in Turkish and in English, both in written and in oral form

i

To have a visionary perspective required to be able to absorb the global implications of the economics and finance disciplines

j

To obtain the life-time ability for learning

k

To have extensive information regarding current issues

l

To be open and adaptive to innovation and changing circumstances

m

To have technical information, both theoretically and practically, required to be able to obtain information and draw inferences using data analysis

Prepared by

Asst. Prof. Dr. S. Meral ÇAKICI

Date

17.05.2017

Signature