Department of Mathematics

ECON 303 | Course Introduction and Application Information

Course Name

Money and Banking

Code	Semester	Theory (hour/week)	Application/Lab (hour/week)	Local Credits	ECTS
ECON 303	Fall/Spring	3	0	3	6

Prerequisites

	ECON 101 To succeed (To get a grade of at least DD)
and	ECON 102 To succeed (To get a grade of at least DD)

Course Language

English

Course Type

Elective

Course Level

First Cycle

Mode of Delivery

Teaching Methods and Techniques of the Course

National Occupation Classification

Course Coordinator

Prof. Dr. Oğuz ESEN

Course Lecturer(s)

Prof. Dr. Oğuz ESEN

Assistant(s)

Araş. Gör. D. Barış ŞEN

Course Objectives

To acquaint the students with the very basics of banking, to explain monetary and interest systems, help them conceptualize money and capital market tools and functioning thereof.

Learning Outcomes

#	Content	PC Sub	* Contribution Level
#	Content	PC Sub	1	2	3	4	5
1	Will be able to explain all money matters, all kinds of foreign exchange dealings, and all banking practices including deposits, consumer credits, and other consumer oriented services of commercial banks.
2	Will be able to analyze money and all monetary issues both theoretically and experimentally.
3	Will be able to discuss foreign exchange earning activities given the fact that the Turkish economy has been geared for some years to export led macro growth model.
4	Will be able to give knowledge of foreign trade at a basic level.
5	Will be able to explain the requirements and essentials of exporting commodities and services.

Course Description

In this course money and monetary issues are explained. Foreign exchange is duly introduced with all experimental equations and practices. The scope and structures of all banking activities are taught and exemplified, and commercial banks’ role in the foreign trade are accentuated.

Course Category	Core Courses
	Major Area Courses
	Supportive Courses	X
	Media and Management Skills Courses
	Transferable Skill Courses

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week	Subjects	Related Preparation	Learning Outcome
1	An Overview of the Financial System	Chapter 2
2	What Is Money?	Chapter 3
3	Understanding Interest Rate	Chapter 4
4	Behavior of Interest Rate	Chapter 5
5	Risk and Term Sructure of Interest Rate	Chapter 6
6	The Stock Market, Theory of Rational Expectations, Efficient Market Hypothesis	Chapter 7
7	An Economic Analysis of Financial Structure	Chapter 8
8	Banking and the Management of Financial Institutions	Chapter 9
9	Financial Crises in Advanced Economies	Chapter 12
10	Financial Crises in Emerging Economies	Chapter 13
11	Central Banks	Chapter 14
12	Money Supply Process	Chapter 15
13	Tools of Monetary Policy	Chapter 16
14	The Conduct of Monetary Policy: Strategy and Tactics	Chapter 17
15	Review of the Semester
16	Review of the Semester

Course Notes/Textbooks	Frederic, S. Mishkin, The Economics of Money, Banking and Financial Markets, Pearson
Suggested Readings/Materials	Economics of Money, Banking, and Financial Markets by Frederic S. Mishkin

EVALUATION SYSTEM

Semester Activities	Number	Weighting	LO 1	LO 2	LO 3	LO 4	LO 5
Participation	1	10
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments	1	30
Presentation / Jury
Project
Seminar / Workshop
Oral Exams
Midterm	1	30
Final Exam	1	30
Total

Weighting of Semester Activities on the Final Grade	3	70
Weighting of End-of-Semester Activities on the Final Grade	1	30
Total

ECTS / WORKLOAD TABLE

Semester Activities	Number	Duration (Hours)	Workload
Theoretical Course Hours (Including exam week: 16 x total hours)	16	3	48
Laboratory / Application Hours (Including exam week: '.16.' x total hours)	16		0
Study Hours Out of Class	16	2	32
Field Work			0
Quizzes / Studio Critiques			0
Portfolio			0
Homework / Assignments	1	20	20
Presentation / Jury			0
Project			0
Seminar / Workshop			0
Oral Exam			0
Midterms	1	40	40
Final Exam	1	40	40
		Total	180

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#	PC Sub	Program Competencies/Outcomes	* Contribution Level
#	PC Sub	Program Competencies/Outcomes	1	2	3	4	5
1	To be able to have a grasp of basic mathematics, applied mathematics or theories and applications of statistics.		-	-	-	-	-
2	To be able to use advanced theoretical and applied knowledge, interpret and evaluate data, define and analyze problems, develop solutions based on research and proofs by using acquired advanced knowledge and skills within the fields of mathematics or statistics.		-	-	-	-	-
3	To be able to apply mathematics or statistics in real life phenomena with interdisciplinary approach and discover their potentials.		-	-	-	-	-
4	To be able to evaluate the knowledge and skills acquired at an advanced level in the field with a critical approach and develop positive attitude towards lifelong learning.		-	-	-	-	X
5	To be able to share the ideas and solution proposals to problems on issues in the field with professionals, non-professionals.		-	-	-	-	X
6	To be able to take responsibility both as a team member or individual in order to solve unexpected complex problems faced within the implementations in the field, planning and managing activities towards the development of subordinates in the framework of a project.		-	-	-	-	-
7	To be able to use informatics and communication technologies with at least a minimum level of European Computer Driving License Advanced Level software knowledge.		-	-	-	-	-
8	To be able to act in accordance with social, scientific, cultural and ethical values on the stages of gathering, implementation and release of the results of data related to the field.		-	-	-	-	-
9	To be able to possess sufficient consciousness about the issues of universality of social rights, social justice, quality, cultural values and also environmental protection, worker's health and security.		-	-	-	-	-
10	To be able to connect concrete events and transfer solutions, collect data, analyze and interpret results using scientific methods and having a way of abstract thinking.		-	-	-	-	-
11	To be able to collect data in the areas of Mathematics or Statistics and communicate with colleagues in a foreign language.		-	-	-	-	-
12	To be able to speak a second foreign language at a medium level of fluency efficiently.		-	-	-	-	-
13	To be able to relate the knowledge accumulated throughout the human history to their field of expertise.		-	-	-	-	-