| MATHEMATICS (TURKISH, PHD) | |||||
| PhD | TR-NQF-HE: Level 8 | QF-EHEA: Third Cycle | EQF-LLL: Level 8 | ||
| Course Code | Course Name | Semester | Theoretical | Practical | Credit | ECTS |
| FIN6451 | Money and Capital Markets | Fall | 3 | 0 | 3 | 10 |
| The course opens with the approval of the Department at the beginning of each semester |
| Language of instruction: | En |
| Type of course: | Departmental Elective |
| Course Level: | |
| Mode of Delivery: | Face to face |
| Course Coordinator : | Dr. Öğr. Üyesi DİLA ASFUROĞLU |
| 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. |
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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. |
| 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. |
| 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 | ||
| Course Notes: | 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) |
| Semester Requirements | Number of Activities | Level of Contribution |
| Attendance | % 0 | |
| Laboratory | % 0 | |
| Application | % 0 | |
| Field Work | % 0 | |
| Special Course Internship (Work Placement) | % 0 | |
| Quizzes | % 0 | |
| Homework Assignments | % 0 | |
| Presentation | % 0 | |
| Project | % 0 | |
| Seminar | % 0 | |
| Midterms | 1 | % 40 |
| Preliminary Jury | % 0 | |
| Final | 1 | % 60 |
| Paper Submission | % 0 | |
| Jury | % 0 | |
| Bütünleme | % 0 | |
| Total | % 100 | |
| PERCENTAGE OF SEMESTER WORK | % 40 | |
| PERCENTAGE OF FINAL WORK | % 60 | |
| Total | % 100 | |
| No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
| Program Outcomes | Level of Contribution |