Course Information
SemesterCourse Unit CodeCourse Unit TitleT+P+LCreditNumber of ECTS CreditsLast Updated Date
3BNS 269Central Banking2+0+02326.10.2026
Course Details
Language of Instruction Turkish
Level of Course Unit Associate Degree
Department / Program Banking and Insurance
Type of Program Formal Education
Type of Course Unit Elective
Course Delivery Method Face To Face
Objectives of the Course To provide knowledge of the development, functions and policy instruments of central banks, and to enable students to follow and interpret the decisions of the CBRT and major central banks.
Course Content Historical development and functions of central banks. Organizational structure and independence of central banks. Monetary policy instruments. The price stability objective. Financial stability and the lender of last resort function. Payment systems. Foreign exchange reserve management. Structure and practices of the Central Bank of the Republic of Türkiye. Policies of major central banks. Evaluation of current monetary policy decisions.
Course Methods and Techniques Lecturing, question-and-answer, case studies, assignments and exams.
Prerequisites and co-requisities None
Course Coordinator None
Name of Lecturers Asist Prof.Dr.
Assistants None
Work Placement(s) No

Recommended or Required Reading
Resources Eğilmez, M., & Kumcu, E. Economic Policy: Theory and Practice in Turkey. Remzi Publishing house.

Course Category
Social Sciences %30
Field %70

Planned Learning Activities and Teaching Methods
Activities are given in detail in the section of "Assessment Methods and Criteria" and "Workload Calculation"

Assessment Methods and Criteria
In-Term Studies Quantity Percentage
Mid-terms 1 % 40
Final examination 1 % 60
Total
2
% 100

 
ECTS Allocated Based on Student Workload
Activities Quantity Duration Total Work Load
Course Duration 14 2 28
Assignments 14 3 42
Mid-terms 1 8 8
Final examination 1 12 12
Total Work Load   Number of ECTS Credits 3 90

 
Course Learning Outcomes: Upon the successful completion of this course, students will be able to:
NoLearning Outcomes
1 Explains the historical development and functions of central banks.
2 Evaluates the organizational structure and independence of central banks.
3 Analyzes monetary policy instruments and the price stability objective.
4 Explains financial stability, the lender of last resort function, payment systems and reserve management.
5 Interprets the policy decisions of the CBRT and major central banks.

 
Weekly Detailed Course Contents
WeekTopicsStudy MaterialsMaterials
1 Historical Development of Central Banks Reading Mishkin, F. S., The Economics of Money, Banking and Financial Markets, Pearson. Law No. 1211 on the Central Bank of the Republic of Turkey and CBRT publications (www.tcmb.gov.tr).
2 Functions of Central Banks The topics covered most recently and the topics to be covered in the new week are reviewed in advance using the related printed and digital resources and online content. Mishkin, F. S., The Economics of Money, Banking and Financial Markets, Pearson. Law No. 1211 on the Central Bank of the Republic of Turkey and CBRT publications (www.tcmb.gov.tr).
3 Organizational Structure of Central Banks The topics covered most recently and the topics to be covered in the new week are reviewed in advance using the related printed and digital resources and online content. Mishkin, F. S., The Economics of Money, Banking and Financial Markets, Pearson. Law No. 1211 on the Central Bank of the Republic of Turkey and CBRT publications (www.tcmb.gov.tr).
4 Central Bank Independence and Accountability The topics covered most recently and the topics to be covered in the new week are reviewed in advance using the related printed and digital resources and online content. Mishkin, F. S., The Economics of Money, Banking and Financial Markets, Pearson. Law No. 1211 on the Central Bank of the Republic of Turkey and CBRT publications (www.tcmb.gov.tr).
5 Monetary Policy Instruments The topics covered most recently and the topics to be covered in the new week are reviewed in advance using the related printed and digital resources and online content. Mishkin, F. S., The Economics of Money, Banking and Financial Markets, Pearson. Law No. 1211 on the Central Bank of the Republic of Turkey and CBRT publications (www.tcmb.gov.tr).
6 The Price Stability Objective and Inflation Targeting The topics covered most recently and the topics to be covered in the new week are reviewed in advance using the related printed and digital resources and online content. Mishkin, F. S., The Economics of Money, Banking and Financial Markets, Pearson. Law No. 1211 on the Central Bank of the Republic of Turkey and CBRT publications (www.tcmb.gov.tr).
7 Financial Stability and Macroprudential Policies The topics covered most recently and the topics to be covered in the new week are reviewed in advance using the related printed and digital resources and online content. Mishkin, F. S., The Economics of Money, Banking and Financial Markets, Pearson. Law No. 1211 on the Central Bank of the Republic of Turkey and CBRT publications (www.tcmb.gov.tr).
8 MIDTERM EXAM
9 The Lender of Last Resort Function The topics covered most recently and the topics to be covered in the new week are reviewed in advance using the related printed and digital resources and online content. Mishkin, F. S., The Economics of Money, Banking and Financial Markets, Pearson. Law No. 1211 on the Central Bank of the Republic of Turkey and CBRT publications (www.tcmb.gov.tr).
10 Payment Systems and Central Banks The topics covered most recently and the topics to be covered in the new week are reviewed in advance using the related printed and digital resources and online content. Mishkin, F. S., The Economics of Money, Banking and Financial Markets, Pearson. Law No. 1211 on the Central Bank of the Republic of Turkey and CBRT publications (www.tcmb.gov.tr).
11 Foreign Exchange Reserve Management The topics covered most recently and the topics to be covered in the new week are reviewed in advance using the related printed and digital resources and online content. Mishkin, F. S., The Economics of Money, Banking and Financial Markets, Pearson. Law No. 1211 on the Central Bank of the Republic of Turkey and CBRT publications (www.tcmb.gov.tr).
12 Structure and Practices of the Central Bank of the Republic of Türkiye The topics covered most recently and the topics to be covered in the new week are reviewed in advance using the related printed and digital resources and online content. Mishkin, F. S., The Economics of Money, Banking and Financial Markets, Pearson. Law No. 1211 on the Central Bank of the Republic of Turkey and CBRT publications (www.tcmb.gov.tr).
13 Policies of Major Central Banks (Fed, ECB) The topics covered most recently and the topics to be covered in the new week are reviewed in advance using the related printed and digital resources and online content. Mishkin, F. S., The Economics of Money, Banking and Financial Markets, Pearson. Law No. 1211 on the Central Bank of the Republic of Turkey and CBRT publications (www.tcmb.gov.tr).
14 Evaluation of Current Monetary Policy Decisions The topics covered most recently and the topics to be covered in the new week are reviewed in advance using the related printed and digital resources and online content. Mishkin, F. S., The Economics of Money, Banking and Financial Markets, Pearson. Law No. 1211 on the Central Bank of the Republic of Turkey and CBRT publications (www.tcmb.gov.tr).
15 FINAL EXAM

 
Recommended Optional Programme Components
BNS 128 Money and Banking
Contribution of Learning Outcomes to Programme Outcomes
P1 P2 P3 P4 P5 P6 P7 P8 P9 P10 P11 P12 P13 P14
All 5 4 4 1 3 1 1 2 4
C1
C2
C3
C4
C5

  Contribution: 1: Very Slight 2:Slight 3:Moderate 4:Significant 5:Very Significant