| Course Name | Financial Institutions and Markets |
| Code | Semester | Theory (hour/week) | Application/Lab (hour/week) | Local Credits | ECTS |
|---|---|---|---|---|---|
| ITF 410 | Fall/Spring | 3 | 0 | 3 | 5 |
| Prerequisites | None | |||||
| Course Language | English | |||||
| Course Type | Service Course | |||||
| Course Level | First Cycle | |||||
| Mode of Delivery | - | |||||
| Teaching Methods and Techniques of the Course | ||||||
| Course Coordinator | ||||||
| Course Lecturer(s) | ||||||
| Assistant(s) | ||||||
| Course Objectives | The course aims at evaluating financial markets and institutions in its global international setting. It begins with the concept of “financial assets”, their role in a modern economy and the role of financial markets. We will focus on financial intermediaries, their functions, a short review of their asset/liability management and recent developments, i.e., financial innovation, asset securitization and globalization. Moreover; depository institutions, Central Bank, creation of money and monetary policy are the subjects covered. Financial crisis, financial regulation and the role of banks will also be comprehensively covered during the courses.Your Financial World, Applying the Concept and Tools of the Trade sections are also designed to enhance better understanding the topics that complement the chapters covered. |
| Learning Outcomes | The students who succeeded in this course;
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| Course Description | The content of this course will be comprised of mainly examining the structure of financial institutions and markets in developed countries and emerging markets as well as their interactions. The basic topics to be covered in this course are; the evolution of financial institutions, their role within the financial system, the operation of financial markets, their impact on economy, their future role and possible development strategies for financial markets. |
| Related Sustainable Development Goals |   |
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| Core Courses | X |
| Major Area Courses | ||
| Supportive Courses | ||
| Media and Managment Skills Courses | ||
| Transferable Skill Courses |
| Week | Subjects | Required Materials |
| 1 | An Introduction to Money and the Financial System & Academic Honesty | Money, Banking and Financial Markets, 5th Edition, Stephen G. Cecchetti & Kermit L. Schoenholtz Chapter 1 & Academic Honesty Policy |
| 2 | Money and the Payments System | Money, Banking and Financial Markets, 5th Edition, Stephen G. Cecchetti & Kermit L. Schoenholtz Chapter 2 |
| 3 | Financial Instruments, Financial Markets, and Financial Institutions | Money, Banking and Financial Markets, 5th Edition, Stephen G. Cecchetti & Kermit L. Schoenholtz Chapter 3 |
| 4 | Understanding Risk | Money, Banking and Financial Markets, 5th Edition, Stephen G. Cecchetti & Kermit L. Schoenholtz Chapter 5 |
| 5 | The Economics of Financial Intermediation | Money, Banking and Financial Markets, 5th Edition, Stephen G. Cecchetti & Kermit L. Schoenholtz Chapter 11 |
| 6 | Depository Institutions: Banks and Bank Management | Money, Banking and Financial Markets, 5th Edition, Stephen G. Cecchetti & Kermit L. Schoenholtz Chapter 12 |
| 7 | Financial Industry Structure | Money, Banking and Financial Markets, 5th Edition, Stephen G. Cecchetti & Kermit L. Schoenholtz Chapter 13 |
| 8 | MIDTERM | |
| 9 | Regulating the Financial System | Money, Banking and Financial Markets, 5th Edition, Stephen G. Cecchetti & Kermit L. Schoenholtz Chapter 14 |
| 10 | Central Banks in the World Today | Money, Banking and Financial Markets, 5th Edition, Stephen G. Cecchetti & Kermit L. Schoenholtz Chapter 15 |
| 11 | The Central Bank Balance Sheet and the Money Supply Process | Money, Banking and Financial Markets, 5th Edition, Stephen G. Cecchetti & Kermit L. Schoenholtz Chapter 16 |
| 12 | The Central Bank Balance Sheet and the Money Supply Process | Money, Banking and Financial Markets, 5th Edition, Stephen G. Cecchetti & Kermit L. Schoenholtz Chapter 17 |
| 13 | Modern Monetary Policy and the Challenges Facing Central Bankers | Money, Banking and Financial Markets, 5th Edition, Stephen G. Cecchetti & Kermit L. Schoenholtz Chapter 23 |
| 14 | Advanced use of FRED Database | Using MS Excel |
| 15 | Advanced use of FRED Database | Using MS Excel |
| 16 | Review of the Semester |
| Course Notes/Textbooks | Textbook: Money, Banking and Financial Markets, 5th Edition, | Stephen G. Cecchetti Kermit L. Schoenholtz | McGraw Hill Connect; www.mheducation.asia/olc/cecchetti | PowerPoint presentations, daily domestic and international news from various sources, |
| Suggested Readings/Materials | Newspapers: Financial Times, Wall Street Journal Europe. | Magazines: The Economist. | TV: Bloomberg, Cnbc-e. Media: www.moneyandbanking.com | Database: http://research.stlouisfed.org/fred2/ FRED® , http://www.imf.org/external/data.htm#data Web Pages: www.bis.org , www.imf.org |
| Semester Activities | Number | Weighting |
| Participation | ||
| Laboratory / Application | ||
| Field Work | ||
| Quizzes / Studio Critiques | ||
| Portfolio | ||
| Homework / Assignments | 2 | 30 |
| Presentation / Jury | ||
| Project | ||
| Seminar / Workshop | ||
| Oral Exam | ||
| Midterm | 1 | 30 |
| Final Exam | 1 | 40 |
| Total |
| Weighting of Semester Activities on the Final Grade | 60 | |
| Weighting of End-of-Semester Activities on the Final Grade | 40 | |
| Total |
| Semester Activities | Number | Duration (Hours) | Workload |
|---|---|---|---|
| Course Hours (Including exam week: 16 x total hours) | 16 | 3 | 48 |
| Laboratory / Application Hours (Including exam week: 16 x total hours) | 16 | ||
| Study Hours Out of Class | 16 | 3 | 48 |
| Field Work | |||
| Quizzes / Studio Critiques | |||
| Portfolio | |||
| Homework / Assignments | 2 | ||
| Presentation / Jury | |||
| Project | |||
| Seminar / Workshop | |||
| Oral Exam | |||
| Midterms | 1 | 17 | |
| Final Exams | 1 | 22 | |
| Total | 135 |
| # | Program Competencies/Outcomes | * Contribution Level | ||||
1 | 2 | 3 | 4 | 5 | ||
| 1 | To be able to identify and analyze problems in the field of trade and finance, and to develop solutions. | X | ||||
| 2 | To be able to use the theoretical and practical knowledge gained in the field of International Trade and Finance. | X | ||||
| 3 | To be able to analyze the developments in global markets by using critical thinking skills. | X | ||||
| 4 | To be able to analyze and interpret data in the field of finance, commerce and economics by using information technologies effectively. | X | ||||
| 5 | To be able to acquire knowledge about the legal regulations and practices in the field. | X | ||||
| 6 | To be able to foresee and define the risks that could be encountered in the field of trade and finance and to take decisions to manage such risks. | X | ||||
| 7 | To be able to acquire and use verbal and numerical skills necessary for the nature of international trade and finance program. | X | ||||
| 8 | To be able to obtain, synthesize and report the information related to the fields of trade and finance. | X | ||||
| 9 | To be able to contribute to the solution of problems as individual, team member or leader. | X | ||||
| 10 | To be able to evaluate the issues related to the field with an ethical perspective and social sensitivity. | X | ||||
| 11 | To be able to collect data in the areas of International Trade and Finance and communicate with colleagues in a foreign language ("European Language Portfolio Global Scale", Level B1). | X | ||||
| 12 | To be able to speak a second foreign at a medium level of fluency efficiently. | |||||
| 13 | To be able to relate the knowledge accumulated throughout human history to their field of expertise. | |||||
*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest
