Course Name :  Monetary Policy and Financial Institutions

Degree: Graduate

Code

Year/Semester

Local Credits

ECTS Credits

Course Implementation, Hours/Week

Course

Tutorial

Laboratory

MBA 503

2016/17 Spring

3

6

3

-

-

Department

MBA

Instructors

Dr. Lect. S. Meral Çakıcı

Contact Information

e-mail: smcakici@pirireis.edu.tr

Office Hours

Monday 10:00-12:00

Web page

-

Course Type

 Elective

Course Language

Turkish

Course Prerequisites

  -

Course Description

This course aims to provide a comprehensive analysis of monetary policy, banking, and financial institutions. Importance of money and financial intermediation, definition and role of money, money and its linkage with inflation and interest rates, 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 policy and financial intermediation

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

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

1. Identify the role of money and financial intermediation
2. Explain the relationship of money with inflation and interest rates
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 and Data, Discussion of Current Issues

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

-

Laboratory Work

-

Computer Use

-

Other Activities

-

Assessment Criteria

Activities

Quantity

Effects on Grading, %

Attendance

Midterm

1

40

Quiz

Homework

Term Paper/Project

Laboratory Work

Practices

Tutorial

Seminar

Presentation

Field Study

Final Exam

1

60

TOTAL

100

Effects of Midterm on Grading, %

40

Effects of Final on Grading, %

60

TOTAL

100

ECTS/

WORKLOAD TABLE

Activities

Count

Hours

Total

Workload

Lecture

14

3

42

Midterm

1

14

14

Quiz

Homework

Term Paper/Project

Laboratory Work

Practices

14

3

42

Tutorial

Seminar

Presentation

Field Study

Final Exam

1

18

18

Total Workload

116

Total Workload/25

116/25

Course ECTS Credits

6

Week

Topics

Course Outcomes

1

Introduction-Motivation to Study Money and Financial Intermediation

I, II

2

Definition and Role of Money

I, II

3

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

I, II

4

Definition and Scope of Monetary Policy

II, IV

5

Introduction to Financial Markets and Financial Institutions

V

6

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

IV, V

7

Management of Financial Institutions

V

8

Midterm

9

Financial Regulation, Financial Crises

IV, V

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

II, III, IV

13

Monetary Policy and Aggregate Demand Curves

IV, V

14

Phillips Curve and Short-Run Aggregate Supply Curve

IV, V

Program Outcomes

Level of Contribution

1

2

3

a

Has the contemporary and up-to-date information about the field of business that can be used in professional life and has theoretical knowledge applicable in the literature

X

b

Comprehends the strategic, tactical and operational dimensions of business management

X

c

Can make predictions about the field and be innovative

X

d

Can transform the theoretical knowledge obtained into conceptual and cognitive knowledge; with this knowledge has the ability to independently perform and execute a business in the chosen career field

X

e

Has the ability to collect, interpret and analyze data that is related to the conceptual and cognitive knowledge developed in conjunction with the specialization and has the ability to use this information to execute and direct the projects and activities related to the field

X

f

Has the ability to monitor business practices and technological innovations and adapt them to managerial problems

X

g

Can take responsibility in projects and work related to the field, show leadership behavior and suggest solutions

X

h

Has interpersonal and team work competencies

X

i

Has the ability to evaluate and use strategies that may be effective in the negotiation process

X

j

Is aware of the importance of rapid change and lifelong learning

X

k

Has professional ethics and responsibility in the collection, interpretation, implementation and announcement of results related to the field

X

l

Can use and manage Microsoft Office software programs related to the area, use information and communication technologies

X

m

Has effective verbal and written communication related to the field

X

COURSE OUTCOMES─►

PROGRAM OUTCOMES┐

▼

1. Identify the role of money and financial intermediation

2. Explain the relationship of money with inflation and interest rates

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

1. Has the contemporary and up-to-date information about the field of business that can be used in professional life and has theoretical knowledge applicable in the literature

2. Comprehends the strategic, tactical and operational dimensions of business management

3. Can make predictions about the field and be innovative

4. Can transform the theoretical knowledge obtained into conceptual and cognitive knowledge; with this knowledge has the ability to independently perform and execute a business in the chosen career field

5.Has the ability to collect, interpret and analyze data that is related to the conceptual and cognitive knowledge developed in conjunction with the specialization and has the ability to use this information to execute and direct the projects and activities related to the field

6. Has the ability to monitor business practices and technological innovations and adapt them to managerial problems

7. Can take responsibility in projects and work related to the field, show leadership behavior and suggest solutions

8. Has interpersonal and team work competencies

9. Has the ability to evaluate and use strategies that may be effective in the negotiation process

10. Is aware of the importance of rapid change and lifelong learning

11. Has professional ethics and responsibility in the collection, interpretation, implementation and announcement of results related to the field

12.  Can use and manage Microsoft Office software programs related to the area, use information and communication technologies

13.  Has effective verbal and written communication related to the field

Prepared by

Dr. Lect. S. Meral ÇAKICI

Date

26.08.2017

Signature