Public Economics (MLY322) Course Detail

Course Name Course Code Season Lecture Hours Application Hours Lab Hours Credit ECTS
Public Economics MLY322 3 0 0 3 5
Pre-requisite Course(s)
N/A
Course Language Turkish
Course Type N/A
Course Level Bachelor’s Degree (First Cycle)
Mode of Delivery Face To Face
Learning and Teaching Strategies Lecture, Experiment.
Course Coordinator
Course Lecturer(s)
  • Prof. Dr. Sinan Sönmez
Course Assistants
Course Objectives This course aims to provide theoretical background to analyze the place and functions of modern state in a developed or developing capitalist economy.
Course Learning Outcomes The students who succeeded in this course;
  • Student will be able to evaluate the state as a social institution, with its historical, economic, political and juridical dimensions.
  • Student will be able to use microeconomic and macroeconomic theories and concepts to explain the activities of state and relationships between the individual and the state.
  • Student will be able to make the economic analysis of politics.
  • Student will be able to analyze market and public sector comparatively.
  • Student will be able to evaluate the importance of the social problems related to education, health and environment in an economy.
  • Student will be able to understand more easily the news related to public expenditures and taxes in daily newspapers and media.
Course Content Public sector and public economics; structure, composition and scope of public sector; fundamentals of welfare economics; market failure and government intervention; public goods and theory of social goods; externalities; natural monopolies, regulation and privatization; public choice; income distribution and redistribution; social cost-benefit

Weekly Subjects and Releated Preparation Studies

Week Subjects Preparation
1 Introduction to Public Sector Economics: History, Scope and Paradigms T.Yay ve G.G. Yay(2007): Bölüm17, 23 / Rosen (1999): Bl.1-2
2 Economic Rationales for the State: the Theory of Market Failures Bulutoğlu (2004): Bl. 1-2 / Rosen (1999): Bl.3-4
3 Theory of Public Goods Bulutoğlu(2004): Chps.1-2 / Rosen (1999): Chps. 5
4 Externalities and Asymmetric Information - Partial and General Equilibrium Models of Public Goods Bulutoğlu (2004) Bölüm 2 / Rosen (1999): Chps. 6
5 Collective Decision-Making Theory I: Social Choice Theory(Normative Analysis Bulutoğlu (2004): Bl.4 / Akalın (2000): Bl.4 / Rosen (1999):Bl.7
6 Collective Decision-Making II: Public Choice (Positive Analysis) Bulutoğlu (2004): Chp.4 /Akalın (2000): Chp.4 / Yay and Yay (2007):Chp.19 / Rosen (1999): Chp.7
7 First Midterm Exam
8
9 The Structure and Development of the Government Expenditures - Public Sector and Income Distribution Bulutoğlu (2004) / Akalın (2000): Bl.6 / Rosen (1999):Bl.7
10 Cost Benefit Analysis Bulutoğlu (2004) / Rosen (1999): Bl.12
11 The Structure of Government Revenues and Taxes Bulutoğlu (2004) Rosen (1999):Bl.13-14
12 The Theory of Tax Incidence Bulutoğlu (2004) Bulutoğlu (2004):Bl.15-18
13 Fiscal Policy I : Government Expenditures, Taxes, Growth and Inflation
14
15
16

Sources

Course Book 1. Jonathan Gruber (2011): Public Finance and Public Policy, Worth Publishers.

Evaluation System

Requirements Number Percentage of Grade
Attendance/Participation 1 10
Laboratory - -
Application - -
Field Work - -
Special Course Internship - -
Quizzes/Studio Critics - -
Homework Assignments - -
Presentation - -
Project - -
Report - -
Seminar - -
Midterms Exams/Midterms Jury 2 25
Final Exam/Final Jury 1 40
Toplam 4 75
Percentage of Semester Work
Percentage of Final Work 100
Total 100

Course Category

Core Courses
Major Area Courses X
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. X
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. X
3 Understand, interpret and analyse economic and financial events, equipped with knowledge of certain disciplines, especially economics, business and law. X
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. X
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. X
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. X
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. 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
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 37 37
Total Workload 125