ECTSPublic Finance and Fiscal Policy

Public Finance and Fiscal Policy (ECON324) Course Detail

Course Name Course Code Season Lecture Hours Application Hours Lab Hours Credit ECTS
Public Finance and Fiscal Policy ECON324 6. Semester 3 0 0 3 6
Pre-requisite Course(s)
N/A
Course Language English
Course Type Compulsory Departmental Courses
Course Level Bachelor’s Degree (First Cycle)
Mode of Delivery Face To Face
Learning and Teaching Strategies Lecture, Discussion, Question and Answer.
Course Coordinator
Course Lecturer(s)
  • Prof. Dr. Sinan Sönmez
Course Assistants
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;
  • To understand the basic themes in public finance.
  • To use the required analytical tools to evaluate and comment the public finance and the economy as a whole.
  • To establish the linkage between political decision taking and public finance.
  • To continue to further studies in this field
Course Content Fiscal functions and institutions; types of budgetary activity; public provision for social goods; public choice and fiscal politics; public expenditures; case studies in expenditure policies; principles of taxation; tax structure; fiscal federalism; fiscal policy and stabilization; economics of the public debt.

Weekly Subjects and Releated Preparation Studies

Week Subjects Preparation
1 The Public Sector in the Economy Stiglitz, pp. 3-25
2 Market Efficiency and Market Failure Stiglitz, pp. 56-92
3 Efficiency and Equity Stiglitz, pp. 93-124
4 Public Goods and Publicly Provided Private Goods Stiglitz, pp.127-155
5 Social Goods Considered Further: Efficient Provision of Social Goods Musgrave and Musgrave, pp. 59-72
6 Externalities and Environment Stiglitz, pp. 214-234
7 Mid-term Exam
8 Public Choice Stiglitz, pp.156-185
9 Public Production and Bureaucracy Stiglitz, pp.189-213
10 Introduction to Taxation Stiglitz, pp. 451-481
11 Tax Incidence Stiglitz, pp. 482-510
12 Taxation and Economic Efficiency Stiglitz, pp. 518-549
13 Deficit Finance and Sustainability of Public Finance Stiglitz, pp.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
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 Acquiring the skills of understanding, explaining, and using the fundamental concepts and methods of economics X
2 Acquiring the skills of macro level economic analysis X
3 Acquiring the skills of micro level economic analysis X
4 Understanding the formulation and implementation of economic policies at the local, national, regional, and/or global level X
5 Learning different approaches on economic and related issues X
6 Acquiring the quantitative and/or qualitative techniques in economic analysis X
7 Improving the ability to use the modern software, hardware and/or technological devices X
8 Developing intra-disciplinary and inter-disciplinary team work skills X
9 Acquiring an open-minded behavior through encouraging critical analysis, discussions, and/or life-long learning X
10 Adopting work ethic and social responsibility X
11 Developing the skills of communication. X
12 Improving the ability to effectively implement the knowledge and skills in at least one of the following areas: economic policy, public policy, international economic relations, industrial relations, monetary and financial affairs. X

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 6 96
Presentation/Seminar Prepration
Project
Report
Homework Assignments
Quizzes/Studio Critics
Prepration of Midterm Exams/Midterm Jury 1 5 5
Prepration of Final Exams/Final Jury 1 6 6
Total Workload 155