FIN6451 Money and Capital MarketsBahçeşehir UniversityDegree Programs ECONOMICS AND FINANCE (ENGLISH, PHD)General Information For StudentsDiploma SupplementErasmus Policy StatementNational QualificationsBologna Commission
ECONOMICS AND FINANCE (ENGLISH, PHD)
PhD TR-NQF-HE: Level 8 QF-EHEA: Third Cycle EQF-LLL: Level 8

Course Introduction and Application Information

Course Code Course Name Semester Theoretical Practical Credit ECTS
FIN6451 Money and Capital Markets Fall
Spring
3 0 3 10
This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester.

Basic information

Language of instruction: English
Type of course: Departmental Elective
Course Level:
Mode of Delivery: Face to face
Course Coordinator : Dr. Öğr. Üyesi DİLA ASFUROĞLU
Recommended Optional Program Components: None
Course Objectives: The objective of this course to integrate various concepts of money and capital markets. These concepts are mainly the financial markets, financial institutions, central banking, international finance and monetary policy. In this course, it is aimed to teach these concepts in advanced level, in addition to understanding the connections between these topics. For this purpose, several elements such as interest rates, financial crises and the stock market will also be discussed. Consequently, the main aim of this course is to provide students a broad perspective of the financial markets and institutions and their connection with the bodies of monetary policy such as central banks.

Learning Outcomes

The students who have succeeded in this course;
1) Have an advanced level knowledge of the financial markets, financial institutions, central banking, international finance and monetary policy.
2) Elaborate on the connections of the central banking and the conduct of monetary policy.
2)Understand the relationship between international finance and monetary policy.

Course Content

The content of the course will start with the general introduction of money, banking and financial markets. Thereafter, the details of the financial system and money will be discussed. Interest rates as a crucial concept in economics and finance will be discussed by mentioning the term structure, components of the interest rates. The stock market and the theory of rational expectations and the efficient market hypohesis will also be covered. The discussion of the financial markets will lead us to the discussion of the financial institutions. As a transition topic, financial crises will be mentioned. Financial institutions and their banking and management will also be analysed in this course. After the introduction of central banks and the U.S. Federal Reserve system, the tools that the institions have to conduct the monetary policy will be further elaborated. Lastly, the foreign exchange market and the international financial system will be discussed.

Weekly Detailed Course Contents

Week Subject Related Preparation
1) Introduction: Why Study Money, Banking and Financial Markets?
2) An Overview of the Financial System
3) What is Money?
4) Interest Rates
5) The Risk and Term Structure of Interest Rates
6) The Stock Market, the Theory of Rational Expectations and the Efficient Market Hypothesis
7) Midterm Exam
8) An Economic Analysis of Financial Structure
9) Financial Crises
10) Banking and Management of Financial Institiutions
11) Central Banks and the Federal Reserve System
12) The Tools and the Conduct of Monetary Policy
13) The Foreign Exchange Market
14) The International Financial System

Sources

Course Notes / Textbooks: The Economics of Money, Banking and Financial Markets, 12th edition, by Frederic S. Mishkin (Pearson Prentice-Hall, 2019, ISBN: 978-1292268965).
References: Financial Markets and Institutions, 9th edition, by Frederic S. Mishkin and Stanley G. Eakins (Pearson Prentice-Hall, 2018, ISBN: 978-1292215006)

Evaluation System

Semester Requirements Number of Activities Level of Contribution
Midterms 1 % 40
Final 1 % 60
Total % 100
PERCENTAGE OF SEMESTER WORK % 40
PERCENTAGE OF FINAL WORK % 60
Total % 100

Contribution of Learning Outcomes to Programme Outcomes

No Effect 1 Lowest 2 Low 3 Average 4 High 5 Highest
           
Program Outcomes Level of Contribution
1) Being able to evaluate and use new knowledge in Economics and Finance with a systematic approach. 4
1) Being able to develop new thoughts and methods in Economics and Finance by using high-level mental processes such as creative and critical thinking, problem solving and decision making. 5
1) Being able to contribute to the progress in Economics and Finance by independently carrying out an original work that brings innovation to the field, develops a new idea, method, design and/or application or applies a known idea, method, design and/or application to a different field. 4
1) Being able to develop and deepen current and advanced knowledge in the field with original thought and/or research at the level of expertise based on Master's qualifications, and reach original definitions that will bring innovation to the field. 5
1) Being able to critically examine and develop social relations and the norms that guide these relations, and to manage actions to change them when necessary. 3
1) Being able to contribute to the process of becoming an information society and maintaining it by introducing scientific, technological, social or cultural advances in the fields of Economics and Finance. 4
2) Being able to comprehend the interdisciplinary interaction that Economics and Finance are related to; and to reach original results by using knowledge that requires expertise in analyzing, synthesizing and evaluating new and complex ideas. 5
2) Being able to develop a new idea, method, design and/or application that brings innovation to the fields of Economics and Finance, or to apply a known idea, method, design and/or application to a different field, to investigate, comprehend, design, adapt and apply an original subject. 4
2) Being able to defend their original views in the discussion of the issues in the field with experts and to establish an effective communication showing their competence in the field. 4
2) Being able to interact functionally by using strategic decision making processes in solving problems related to Economics and Finance. 4
2) Being able to expand the limits of knowledge in the field by publishing at least one scientific article on Economics and Finance in national and/or international peer-reviewed journals and/or by producing or interpreting an original work. 3
3) Being able to contribute to the solution of social, scientific, cultural and ethical problems encountered in Economics and Finance and to support the development of these values. 4
3) Being able to critically analyze, synthesize and evaluate new and complex ideas. 5
3) Being able to communicate and discuss at an advanced level in written, oral and visual English using at least the European Language Portfolio C1 General Level. 4
3) Ability to lead in environments that require the resolution of unique and interdisciplinary problems. 3
4) Gaining high-level skills in using research methods in studies related to Economics and Finance. 2