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Course Description Course Name : Central Banking Course Code : EC 360 Course Type : Optional Level of Course : First Cycle Year of Study : 3 Course Semester : Spring (16 Weeks) ECTS : 4 Name of Lecturer(s) : Prof.Dr. HÜSEYİN MAHİR FİSUNOĞLU Learning Outcomes of the Course : Understand the position and role of central banks in money policy. Analyze the economical results of the changes in balance sheets due to capital movements. Analyze the independence of central banks, inflation targeting, reserve management, and their economic consequences. Mode of Delivery : Face-to-Face Prerequisites and Co-Prerequisites : None Recommended Optional Programme Components : None Aim(s) of Course : Taking the importance central banks have gained in recent years into consideration, and on the one hand focusing on the importance of political / economic mergers between countries, on the other hand, the importance of new economies approaching, and finally remebering the increasing international capital movements, the purpose of this course is first of all focusing on the functions, the role of central banks in monetary policy instruments and objectives put forward in the liberalization of capital movements, especially their effects on the balance sheets of central banks. Secondly, understanding the function of central banks and analyzing the independence of central banks, the inflation targeting and reserve governments and their economic consequences. In addition, understanding the working system of central banks and the ability to analyze and make inferences about the future. Course Contents : Modern Perspectives on Money and Monetary Policy in the Financial System and Banking, Banking, and Central Banking, Central Bank Independence, Reliability, Importance of the Principles of Transparency and Accountability. Language of Instruction : Turkish Work Place : faculty classroom   Course Outline /Schedule (Weekly) Planned Learning Activities Week Subject Student's Preliminary Work Learning Activities and Teaching Methods 1 Monetary Policy and Central Banking Readings Lecture and Discussion 2 Monetary Policy and Central Banking Readings Lecture and Discussion 3 Balance Sheet of central banks Readings Lecture and Discussion 4 Balance Sheet of central banks Readings Lecture and Discussion 5 Effects of the monetary policy Readings Lecture and Discussion 6 Effects of the monetary policy Readings Lecture and Discussion 7 Effects of the monetary policy Readings Lecture and Discussion 8 Mid-term exam Prepare to exam Written exam 9 Independence of central banks Readings Lecture and Discussion 10 Inflation targeting Readings Lecture and Discussion 11 Montary policy options of TCMB Readings Lecture and Discussion 12 Balance sheet of central bank Readings Lecture and Discussion 13 Independence of Central Bank Readings Lecture and Discussion 14 Manage of reserve and economic consequences Readings Lecture and Discussion 15 Manage of reserve and economic consequences Readings Lecture and Discussion 16/17 Final exam prepare to exam written exam   Required Course Resources Resource Type Resource Name Recommended Course Material(s)  . Bakı, Caner; Merkezdeki Banka, İstanbul Bilgi Üniversitesi Yayını, 2007.  Eroğlu, Nadir; Türkiye´de Parasal Kesim ve Merkez Bankası İşlemlerinin Analizi, Der Yayınları 378, İstanbul 2004.  TCMB Yıllık Raporları ve web sayfası. Required Course Material(s)   Assessment Methods and Assessment Criteria Semester/Year Assessments Number Contribution Percentage     Mid-term Exams (Written, Oral, etc.) 1 60     Homeworks/Projects/Others 0 40 Total 100 Rate of Semester/Year Assessments to Success 40   Final Assessments 100 Rate of Final Assessments to Success 60 Total 100   Contribution of the Course to Key Learning Outcomes # Key Learning Outcome Contribution* 1 Explain the importance of demand and supply in economy science and the well-running conditions of the market economy 4 2 Define the role of pricing within the event advantage of the market economy. 4 3 Define the role of the state in economy, money and financial policies, the central bank and the structure of the market. 3 4 Perceive the costs and benefits arising from the global economy 4 5 Produce numerical and policy options when confronted with problems. 3 6 Use quantitative and qualitative techniques of model building, decoding and interpretation. 3 7 Use the theory of economics in the analysis of economic events. 4 8 Use computer programs, do synthesis and present prepared data efficiently. 3 9 Apply the methods of economic analysis. 4 10 Analyze at conceptual level and acquires ability in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems 4 11 Take responsibility individually and / or in a team, take leadership and work effectively. 3 12 Follow innovative developments in the field being aware of the necessity of lifelong learning and improving him-/herself.. 3 13 Use of different sources about an unfamiliar field within academic principles, synthesize gained data and presents effectively. 4 14 Use Turkish and at least one foreign language in accordance with the requirements of academic and work life. 4 15 Understand and interpret related people´s feelings, thoughts, and behaviours correctly; expresse him-/herself accurately in written and oral language. 5 16 Question traditional attitudes, applications and methods, develop and apply new methods when needed. 4 17 Recognize and apply social, scientific and professional ethical values. 4 * Contribution levels are between 0 (not) and 5 (maximum).   Student Workload - ECTS Works Number Time (Hour) Total Workload (Hour) Course Related Works     Class Time (Exam weeks are excluded) 14 3 42     Out of Class Study (Preliminary Work, Practice) 14 4 56 Assesment Related Works     Homeworks, Projects, Others 0 0 0     Mid-term Exams (Written, Oral, etc.) 1 1 1     Final Exam 1 2 2 Total Workload: 101 Total Workload / 25 (h): 4.04 ECTS Credit: 4