DIGITAL CURRENCY AND PAYMENT SYSTEM PROGRAMME COURSE DESCRIPTION

Code	Name of the Course Unit	Semester	In-Class Hours (T+P)	Credit	ECTS Credit
ECF362	DIGITAL CURRENCY AND PAYMENT SYSTEM	5	3	3	5

GENERAL INFORMATION
Language of Instruction :	English
Level of the Course Unit :	BACHELOR'S DEGREE, TYY: + 6.Level, EQF-LLL: 6.Level, QF-EHEA: First Cycle
Type of the Course :	Elective
Mode of Delivery of the Course Unit	-
Coordinator of the Course Unit	Assist.Prof. MEHMET SAYA
Instructor(s) of the Course Unit
Course Prerequisite	No

OBJECTIVES AND CONTENTS
Objectives of the Course Unit:	The aim of this course is to develop students’ perspectives on the payment systems of today and the future, by analyzing the evolution of money.
Contents of the Course Unit:	Contents of the course include the subjects such as traditional money, electronic payment systems, digital currency (Bitcoin and subcoins), and blockchain technologies.

KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to)
Identify money, money standarts, basic properties and functions of money.
Explain traditional, electronic and digital payment systems.
Illustrate the working mechanisms of electronic and digital payment systems.
Analyze blockchain technology which is technological infrastructure of digital payment systems.

WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY
Week	Preparatory	Topics(Subjects)	Method
1	Reading the sources, observation,examples from daily life	MONEY AND MONEY STANDARTS: An Economy without Money (A Barter Economy), Basic Properties of Money, Monetary Standarts, Bimetallism, Monometallism, Gresham’s Law, Functions of Money.	Lecture, question response method, and discussion
2	Reading the sources, observation,examples from daily life	FROM PAST TO PRESENT PAYMENT SYSTEMS	Lecture, question response method, and discussion
3	Reading the sources, observation,examples from daily life	ELECTRONIC PAYMENT SYSTEMS I: Objectives and Contents of Electronic Payment Systems; Evolution of Electronic Payment Systems, Conditions which Electronic Payment Systems Need to Have, The Information Age and the Role of Internet in Electronic Payment Systems, ECommerce and Payment Systems	Lecture, question response method, and discussion
4	Reading the sources, observation,examples from daily life	ELECTRONIC PAYMENT SYSTEMS II: Classification of Electronic Payment Systems, Payment Instruments of Electronic Payment Systems, Card-based Payment Systems	Lecture, question response method, and discussion
5	Reading the sources, observation,examples from daily life	ELECTRONIC PAYMENT SYSTEMS III: Card-based Payment Systems (continued)	Lecture, question response method, and discussion
6	Reading the sources, observation,examples from daily life	ELECTRONIC PAYMENT SYSTEMS IV: Card-based Payment Systems (continued)	Lecture, question response method, and discussion
7	Reading the sources, observation,examples from daily life	ELECTRONIC PAYMENT SYSTEMS V: Internet-based Payment Systems, Advantages and Disadvantages of Electronic Payment Systems	Lecture, question response method, and discussion
8	-	MID-TERM EXAM	-
9	Reading the sources, observation,examples from daily life	THE PRESENT SITUATION OF ELECTRONIC PAYMENT SYSTEMS IN TURKEY	Lecture, question response method, and discussion
10	Reading the sources, observation,examples from daily life	DIGITAL CURRENCY SYSTEMS AND BLOCKCHAIN TECHNOLOGY I: The Historical Background, Blockchain Technology: Security System and Fields of Application	Lecture, question response method, and discussion
11	Reading the sources, observation,examples from daily life	DIGITAL CURRENCY SYSTEMS AND BLOCKCHAIN TECHNOLOGY II: Independent Digital Currencies (Bitcoin and Subcoins), Alternative Usage Areas of Digital Currencies (Smart Contracts, ICO, Tokens etc.)	Lecture, question response method, and discussion
12	Reading the sources, observation,examples from daily life	DIGITAL CURRENCY SYSTEMS AND BLOCKCHAIN TECHNOLOGY III: The Working Mechanism of Digital Currencies: The Bitcoin Case	Lecture, question response method, and discussion
13	Reading the sources, observation,examples from daily life	DIGITAL CURRENCY SYSTEMS AND BLOCKCHAIN TECHNOLOGY IV: Benefits and Risks of Digital Currencies	Lecture, question response method, and discussion
14	Reading the sources, observation,examples from daily life	THE PERSPECTIVE ON DIGITAL CURRENCIES IN THE WORLD	Lecture, question response method, and discussion
15	Reading the sources, observation,examples from daily life	THE PRESENT SITUATION OF DIGITAL CURRENCY SYSTEMS IN TURKEY	Lecture, question response method, and discussion
16	-	FINAL EXAM	-
17	-	FINAL EXAM	-

SOURCE MATERIALS & RECOMMENDED READING
Salihoğlu, Esengül; Dijital Para ve Merkez Bankası Para Politikaları, 1. Baskı, Nobel Akademik Yayıncılık, Ankara, 2020.
Vigna, Paul; Michael J. Casey; Kriptopara Çağı-Bitcoin ve Dijital Paranın Küresel Ekonomik Sisteme Meydan Okuması, 3. Baskı, Buzdağı Yayınevi, Ankara, 2020.
Cox, James; Bitcoin and Digital Currencies: The New World of Money and Freedom, Laissez Faire Books, 2013.

ASSESSMENT
Assessment & Grading of In-Term Activities	Number of Activities	Degree of Contribution (%)	Description	Examination Method

Level of Contribution
0	1	2	3	4	5

KNOWLEDGE
Theoretical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Define the basic concepts of economics, administrative and human sciences. (Bloom 1)			2
2	Evaluate the economic environment and overall sustainability of firms. (Bloom 4)		1

KNOWLEDGE
Factual
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Relate principles and concepts of economics and finance with other disciplines. (Bloom 4)			2
2	Define principles, concepts, methods and theories related with economics and finance. (Bloom 1)		1

SKILLS
Cognitive
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Interpret the charts and tables related to the field. (Bloom 2)			2

SKILLS
Practical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Evaluate the theoretical models of economic policies which have direct or indirect effects by using the facts and dynamics of the economic system.(Bloom 4)		1
2	Analyze economic and financial reports. ((bloom 4)			2
3	Use basic mathematics, statistics and econometric methods and tools to solve economic and financial problems. (Bloom 3)			2
4	Interpret the operation of current economic, political and social events by using institutional information related with Economics and Finance.(Bloom 2)				3

OCCUPATIONAL
Autonomy & Responsibility
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Organize economic and financial activities in humanitarian and social terms with adherence to ethics. (Bloom 4).		1

OCCUPATIONAL
Learning to Learn
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Develop a critical perspective on national and international economic, political, social, financial and development problems. (bloom 6)				3

OCCUPATIONAL
Communication & Social
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Follow the agenda on economics, politics and social issues and improve himself/ herself. (bloom 6)					4

OCCUPATIONAL
Occupational and/or Vocational
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Analyze current issues and problems by using the structure and properties of Macro and Microeconomics and variables. (Bloom 4)				3
2	Evaluate the effectiveness of the general economic system and public policies and their effects on markets and basic economic variables.(Bloom 4)		1
3	Analyze the cause and effect relationships between the relevant economic variables. (Bloom 4)			2
4	Evaluate the expected trends and portfolio analyzes in interest and exchange rates within the framework of the general financial system. (Bloom 4)				3

WORKLOAD & ECTS CREDITS OF THE COURSE UNIT
Workload for Learning & Teaching Activities
Type of the Learning Activites	Learning Activities (# of week)	Duration (hours, h)	Workload (h)
Lecture & In-Class Activities	14	3	42
Preliminary & Further Study	13	2	26
Land Surveying	0	0	0
Group Work	0	0	0
Laboratory	0	0	0
Reading	13	2	26
Assignment (Homework)	2	1	2
Project Work	0	0	0
Seminar	0	0	0
Internship	0	0	0
Technical Visit	0	0	0
Web Based Learning	0	0	0
Implementation/Application/Practice	2	1	2
Practice at a workplace	0	0	0
Occupational Activity	0	0	0
Social Activity	0	0	0
Thesis Work	0	0	0
Field Study	0	0	0
Report Writing	0	0	0
Final Exam	1	1	1
Preparation for the Final Exam	3	5	15
Mid-Term Exam	1	1	1
Preparation for the Mid-Term Exam	3	5	15
Short Exam	0	0	0
Preparation for the Short Exam	0	0	0
TOTAL	52	0	130