ECTS - Fiscal Policy
Fiscal Policy (MLY421) Course Detail
| Course Name | Course Code | Season | Lecture Hours | Application Hours | Lab Hours | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| Fiscal Policy | MLY421 | 7. Semester | 3 | 0 | 0 | 3 | 5 |
| Pre-requisite Course(s) |
|---|
| N/A |
| Course Language | Turkish |
|---|---|
| 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, Problem Solving, Brain Storming. |
| Course Lecturer(s) |
|
| Course Objectives | The aim is to enable students to comprehend the instruments and strategies of fiscal policy—both theoretically and practically—in the face of macroeconomic fluctuations (inflation, deflation, recession, and stagflation); to analyze the effects of public expenditure, taxation, and borrowing policies on economic growth, employment, and income distribution; and to evaluate fiscal practices in the Turkish economy from a critical perspective. |
| Course Learning Outcomes |
The students who succeeded in this course;
|
| Course Content | Definition and scope of fiscal policy; the role of fiscal policy in the realisation of economic stability; methods of implementing fiscal policy; debates on the effectiveness of fiscal policy; fiscal policy in combating inflation; inflation and government debt; fiscal policy in combating recession. |
Weekly Subjects and Releated Preparation Studies
| Week | Subjects | Preparation |
|---|---|---|
| 1 | Public intervention in a market economy, market failures, and public goods | Reading Relevant Sections in Basic and Auxiliary Resources |
| 2 | The link between economic policy and fiscal policy: Objectives, instruments, and the multiplier mechanism. | Reading Relevant Sections in Basic and Auxiliary Resources |
| 3 | İnce ayar mekanizmaları ve otomatik istikrar sağlayıcılar (stabilizatörler) | Reading Relevant Sections in Basic and Auxiliary Resources |
| 4 | Discretionary fiscal policies I: Expansionary policies during periods of stagnation/recession | Reading Relevant Sections in Basic and Auxiliary Resources |
| 5 | Discretionary fiscal policies II: Contractionary policies in combating inflation | Reading Relevant Sections in Basic and Auxiliary Resources |
| 6 | Interaction of monetary and fiscal policies: IS-LM analysis and policy mix | Reading Relevant Sections in Basic and Auxiliary Resources |
| 7 | Structural adjustment programs, fiscal discipline, fiscal rules, and budget reforms | Reading Relevant Sections in Basic and Auxiliary Resources |
| 8 | MIDTERM EXAM (Announcement regarding the date and time will be made later) | |
| 9 | Fiscal policy and income distribution I: The dimension of taxes and transfer expenditures | Reading Relevant Sections in Basic and Auxiliary Resources |
| 10 | Fiscal policy and income distribution II: Regional disparities and the fight against poverty | Reading Relevant Sections in Basic and Auxiliary Resources |
| 11 | Development and fiscal policy I: Capital accumulation and the direction of savings | Reading Relevant Sections in Basic and Auxiliary Resources |
| 12 | Development and fiscal policy II: Public infrastructure investments and human capital. | Reading Relevant Sections in Basic and Auxiliary Resources |
| 13 | Budget deficits, Treasury domestic and external borrowing, and the relationship with the Central Bank (monetization) | Reading Relevant Sections in Basic and Auxiliary Resources |
| 14 | The historical development of fiscal policy in Turkey and fiscal management during crisis periods. | Reading Relevant Sections in Basic and Auxiliary Resources |
| 15 | Fiscal policy scenarios and general assessment in the face of current global shocks. |
Sources
| Course Book | 1. Pınar, Abuzer (2017), Maliye Politikası. Teori ve Uygulama, 9 baskı, Turhan Kitabevi, Ankara. |
|---|---|
| 2. Türk, İsmail (2013), Maliye Politikası, 25. Baskı, Turhan Kitabevi, Ankara. |
Evaluation System
| Requirements | Number | Percentage of Grade |
|---|---|---|
| Attendance/Participation | 1 | 10 |
| Laboratory | - | - |
| Application | - | - |
| Field Work | - | - |
| Special Course Internship | - | - |
| Quizzes/Studio Critics | 1 | 25 |
| Homework Assignments | - | - |
| Presentation | - | - |
| Project | - | - |
| Report | - | - |
| Seminar | - | - |
| Midterms Exams/Midterms Jury | 1 | 25 |
| Final Exam/Final Jury | 1 | 40 |
| Toplam | 4 | 100 |
| Percentage of Semester Work | |
|---|---|
| Percentage of Final Work | 100 |
| 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 | Have an advanced level of basic theoretical knowledge on the field of public finance in order to obtain the practical gains. | |||||
| 2 | Identify the issues related to the field of public finance by dealing with it within the framework of the methodological approach, and report and evaluate it from an analytical point of view. | |||||
| 3 | Understand, interpret and analyse economic and financial events, equipped with knowledge of certain disciplines, especially economics, business and law. | |||||
| 4 | Develop policies and strategies for solving the problems by establishing the cause-effect relationship related to fiscal and economic issues through theoretical information and the discussions. | |||||
| 5 | Establish the relationship of public financial management and budget theory with public policies, he/she makes strong budget analysis, develop analysis on public finance and makes a link with the policy implementation | |||||
| 6 | Understand the tax theory, learning the legal structure, following the legal and financial developments and gaining a professional competence in tax matters effectively develop it. | |||||
| 7 | Have knowledge of accounting systems in private and public institutions and businesses, analyze and interpret the financial and financial structure of institutions with the knowledge and competence gained. | |||||
| 8 | Gain knowledge of macroeconomic framework and growth theory, including theoretical and country examples, evaluates economic developments from a theoretical perspective. | |||||
| 9 | Use foreign language in financial and economic fields, follow international literature, communicate on professional issues. | |||||
| 10 | Benefit from technological developments in studies specific to its field by using information technologies, digital developments and common software. | |||||
| 11 | Use qualitative and quantitative methods for the analysis of economic, financial, social and institutional events. | |||||
| 12 | While fulfilling its academic and professional responsibilities, develop an approach that respects s United Nations sustainable development goals, freedoms, rights of the disadvantaged groups, environment, cultural and moral values. | |||||
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 | 1 | 7 | 7 |
| Presentation/Seminar Prepration | |||
| Project | |||
| Report | |||
| Homework Assignments | |||
| Quizzes/Studio Critics | |||
| Prepration of Midterm Exams/Midterm Jury | 2 | 20 | 40 |
| Prepration of Final Exams/Final Jury | 1 | 30 | 30 |
| Total Workload | 125 | ||