At the end of this course, the students; 1) Knows the funtions of Central Bank 2) Learns Central Bank Monetary Policies 3) Knows Central Bank markets 4) Analyze the decisions of the Monetary Policy 5) Knows the function of Central Bank Balance Sheet 6) Can analyze the Central Bank Balance Sheet 7) Knows the effects of MB Balance Sheet on the economy.
MODE OF DELIVERY
Face to face
PRE-REQUISITES OF THE COURSE
No
RECOMMENDED OPTIONAL PROGRAMME COMPONENT
None
COURSE DEFINITION
This course will mainly focus on the function of the Central Bank. Therefore, accordingly, it is handled as related to monetary policy. In other words, it will be a job for the central banks that do not own the economy, especially the Central Bank of the Republic of Turkey (TC), to create money and control money and inflation. Next, issues related to the economy, the real area, the Treasury and the outside world will be discussed. Markets, which are one of the instruments of monetary policy implementations specific to the CBRT, will be introduced.
COURSE CONTENTS
WEEK
TOPICS
1st Week
General information and introduction about the course (How does the economy machine work?)
2nd Week
Central Bank of the Republic of Turkey (Foundation, history and purposes)
3rd Week
Duties and Authorities, Responsibilities - Structure, Organs and Organization Chart of the CBRT - Banknote / Mint and Stamp Printing House / Independence
4th Week
Central Bank Balance Sheet Analysis and Interpretation
5th Week
Monetary Policy Tools/ Principles of the money supply / In short, money creation by the central bank
6th Week
Monetary Policy history/ In summary, Anti-Inflation Policies
7th Week
Central Bank Markets
8th Week
Midterm
9th Week
Clearing House Function and Operation/ EFT and ESTS Systems
10th Week
Treasury - MB relationship (In short, financing the budget deficit, seigniorage)
11th Week
Financial sector in Turkey
12th Week
Exchange rate policies and CB foreign exchange markets
13th Week
Balance of Payments and IIP
14th Week
Recap
RECOMENDED OR REQUIRED READING
- ZARAKOLU, Avni, Bankacılar İçin Merkez Bankacılığı Bilgisi, 1982. - PARASIZ, Prof. Dr. İlker, Para Politikası
PLANNED LEARNING ACTIVITIES AND TEACHING METHODS
Lecture
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 WORKLOAD
Activities
Number
Hours
Workload
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 Workload
143
Total Workload / 30
4,76
ECTS Credits of the Course
5
LANGUAGE OF INSTRUCTION
Turkish
WORK PLACEMENT(S)
No
KEY LEARNING OUTCOMES (KLO) / MATRIX OF LEARNING OUTCOMES (LO)