BA4833 CENTRAL BANKING
| Course Code: | 3124833 |
| METU Credit (Theoretical-Laboratory hours/week): | 3 (3.00 - 0.00) |
| ECTS Credit: | 6.0 |
| Department: | Business Administration |
| Language of Instruction: | English |
| Level of Study: | Undergraduate |
| Course Coordinator: | Prof.Dr. ERK HACIHASANOĞLU |
| Offered Semester: | Spring Semesters. |
Course Objectives
The aim of this course is to give the students a broad overview of the basic principles and the practical implementation of central banking as well as the financial markets in an attempt to better understand the monetary policy transmission mechanism. The course will start with an introduction to monetary operations of central banks then explore the monetary policy in Turkey under different capital account regimes. In this respect the selected financial crises in emerging markets as well as 2000, 2001 and 2007-09 financial crises will be evaluated under the heading of crises management.
Course Content
The aim of this course is to give the students a broad overview of both the basic principles and the practical implementation of central banking as well as functioning of the financial markets in an attempt to better understand how central bank operations affect financial institutions and the monetary policy transmission mechanism.
Course Learning Outcomes
Upon successful completion of this course, students should be familiar with the following subjects:
- Duties and Responsibilities of Central Banks
- Selection of the Target
- Exchange Rate Targets
- Monetary Targets
- Inflation Targets
- Impossible Trinity
- Monetary Policy Instruments
- Open Market Operations and Financial Markets
- Foreign Exchange Markets
- Money Markets
- Capital Markets
- Relations with the Central Government
- Asset Liability Management
- Risk Management
- Fiscal implications of Central Bank Actions
- Central Bank Balance Sheet
- Monetary Policy in Turkey under different capital account legislations
- Financial Stability
- Macro-prudential Policies and Perspectives
- Role of IMF, BIS, OECD, G-20 and other supranational institutions
- Central Bank Watch
Program Outcomes Matrix
| Level of Contribution | |||||
| # | Program Outcomes | 0 | 1 | 2 | 3 |
| 1 | They attain advanced level of knowledge in the functional areas of business administration such as strategic management, marketing, accounting, finance, organization management, human resources, and operations management. | ✔ | |||
| 2 | They are capable of identifying and analyzing legal, environmental and social factors, which influence the basic functional areas of the business administration. | ✔ | |||
| 3 | They understand and implement rational, systematic and scientific approaches effectively in problem solving and decision-making processes. | ✔ | |||
| 4 | They are capable of applying, analyzing, synthesizing and evaluating the knowledge they have in diverse fields efficiently | ✔ | |||
| 5 | They are capable of transferring information by using efficient verbal and written communication techniques. | ✔ | |||
| 6 | They are capable of performing professional communication effectively also in English. | ✔ | |||
| 7 | They know the methods of performing efficient teamwork. | ✔ | |||
| 8 | They are capable of following the contemporary techniques, scientific and technological developments in their fields and are able to conduct research and studies in order to develop their business administration related knowledge, skills, and competences. | ✔ | |||
| 9 | They are knowledgeable in the areas of professional ethics and responsibility. | ✔ | |||
| 10 | They are capable of utilizing their knowledge and skills efficiently in global and multicultural contexts. | ✔ | |||
| 11 | They are knowledgeable in the issues of environment, social responsibility, social justice, quality and cultural values | ✔ | |||
| 12 | They have a creative, innovative and critical perspective. | ✔ | |||
0: No Contribution 1: Little Contribution 2: Partial Contribution 3: Full Contribution