ECTS - Fiscal Policy
Fiscal Policy (ECON524) Course Detail
| Course Name | Course Code | Season | Lecture Hours | Application Hours | Lab Hours | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| Fiscal Policy | ECON524 | General Elective | 3 | 0 | 0 | 3 | 5 |
| Pre-requisite Course(s) |
|---|
| N/A |
| Course Language | English |
|---|---|
| Course Type | Elective Courses |
| Course Level | Ph.D. |
| Mode of Delivery | Face To Face |
| Learning and Teaching Strategies | Lecture, Discussion, Question and Answer. |
| Course Lecturer(s) |
|
| Course Objectives | 1-To explain the main themes in public finance which implies mainly the study of the budgetary sector of public policy. 2-To explain the major functions of public activities, budgeting, public/social goods and their efficient provision (models), international aspects of public good provision, public decision taking procedures (government behaviour), public expenditure, public revenue and taxation, economics of the public debt, and impact of the neo-liberal globalization on public sector activities, and public finance |
| Course Learning Outcomes |
The students who succeeded in this course;
|
| Course Content | Definition of fiscal policy, its aims, bound, and tools; evaluating efficiency of fiscal policy according to different perspectives; measuring the effects of fiscal policy; method to apply fiscal policy; inflation, stagflation and dealing with such issues, budget deficit and financing budget deficit. |
Weekly Subjects and Releated Preparation Studies
| Week | Subjects | Preparation |
|---|---|---|
| 1 | The Public Sector in the Economy | Stiglitz, ss.3-25 |
| 2 | Market Efficiency and Market Failure | Stiglitz, ss. 56-92 |
| 3 | Efficiency and Equity | Stiglitz, ss. 93-124 |
| 4 | Public Goods and Publicly Provided Private Goods | Stiglitz, ss. 127-155 |
| 5 | Social Goods Considered Further: Efficient Provision of Social Goods | Musgrave and Musgrave, ss. 59-72 |
| 6 | Externalities and Environment | Stiglitz, ss. 214-234 |
| 7 | Mid-term Exam | |
| 8 | Public Choice | Stiglitz, ss. 156-185 |
| 9 | Public Production and Bureaucracy | Stiglitz, ss. 189-213 |
| 10 | Introduction to Taxation | Stiglitz,ss. 451-481 |
| 11 | Tax Incidence | Stiglitz, ss.482-510 |
| 12 | Taxation and Economic Efficiency | Stiglitz, ss. 518-549 |
| 13 | Deficit Finance and Sustainability of Public Finance | Stiglitz, ss. 772-793 |
| 14 | Turkish Budgeting System | Documents on Turkish budgeting system |
| 15 | General Review | |
| 16 | Final Exam |
Sources
| Course Book | 1. Stiglitz, Joseph E. (2000), Economics of the Public Sector, Third Edition,New York: W.W. Norton & Company, Inc. |
|---|---|
| Other Sources | 2. Rosen, Harvey S. (2005),Public Finance, Seventh Edition, New York: McGraw-Hill/Irwin |
| 3. Musgrave, R. A. and Musgrave P.B (1989), Public Finance in Theory and Practice, McGraw_Hill, 5th edition, New York. |
Evaluation System
| Requirements | Number | Percentage of Grade |
|---|---|---|
| Attendance/Participation | - | - |
| Laboratory | - | - |
| Application | - | - |
| Field Work | - | - |
| Special Course Internship | - | - |
| Quizzes/Studio Critics | 1 | 5 |
| Homework Assignments | 1 | 5 |
| Presentation | - | - |
| Project | - | - |
| Report | - | - |
| Seminar | - | - |
| Midterms Exams/Midterms Jury | 1 | 40 |
| Final Exam/Final Jury | 1 | 50 |
| Toplam | 4 | 100 |
| Percentage of Semester Work | 50 |
|---|---|
| Percentage of Final Work | 50 |
| Total | 100 |
Course Category
| Core Courses | X |
|---|---|
| Major Area Courses | |
| Supportive Courses | |
| Media and Managment Skills Courses | |
| Transferable Skill Courses |
The Relation Between Course Learning Competencies and Program Qualifications
| # | Program Qualifications / Competencies | Level of Contribution | ||||
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | ||
| 1 | Compares basic approaches and/or theories in political economy and critically evaluates each one | |||||
| 2 | Compares basic macroeconomic theories and/or approaches and critically evaluates each one | |||||
| 3 | Solves problems using complementary approaches from other related disciplines (political science, sociology, etc.) | |||||
| 4 | Develops necessary skills to establish micro-macro relationships in humanities and social sciences | |||||
| 5 | Analyzes basic economic indicators and makes interpretations | |||||
| 6 | Acquires theoretical knowledge by conducting literature review and derives empirically testable hypotheses | |||||
| 7 | Develops new approaches/theories to solve complex problems in political economy | |||||
| 8 | Can apply critical thinking and/or qualitative and quantitative techniques to new fields/problems | |||||
| 9 | Can design research and conduct the research within an appropriate time frame | |||||
| 10 | Can develop and present policy recommendations based on academic research | |||||
| 11 | Continues learning and can conduct advanced research independently | |||||
ECTS/Workload Table
| Activities | Number | Duration (Hours) | Total Workload |
|---|---|---|---|
| Course Hours (Including Exam Week: 16 x Total Hours) | 16 | 3 | 48 |
| Laboratory | |||
| Application | |||
| Special Course Internship | |||
| Field Work | |||
| Study Hours Out of Class | 16 | 4 | 64 |
| Presentation/Seminar Prepration | |||
| Project | |||
| Report | |||
| Homework Assignments | |||
| Quizzes/Studio Critics | |||
| Prepration of Midterm Exams/Midterm Jury | 1 | 2 | 2 |
| Prepration of Final Exams/Final Jury | 1 | 3 | 3 |
| Total Workload | 117 | ||