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	Area Elective	3	0	0	3	6

Pre-requisite Course(s)
N/A

Course Language	English
Course Type	Elective 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)	Instructor Dr. Staff
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	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
#	Program Qualifications / Competencies	1	2	3	4	5
1	The ability to have and use theoretical and practical information in international trade and logistics
2	The ability to define problems, as well as to collect, evaluate, analyze, and interpret data, and to devise solutions, making use of the information, skills, and competencies in the field
3	The ability to perform numerical analyses and research through accessing different resources of information in the field
4	The ability to take part in intra- and interdisciplinary, or multi-cultural working groups, as well as work individually
5	The ability to communicate verbally and in writing in English, and to make use of at least 1 foreign language
6	The ability to act responsibly, and with the awareness in the issues of environmental sensitivity, sustainability, transparency, social responsibility, and ethical values
7	The ability to read, understand, and interpret the relevant legislation in the field of international trade and logistics, and to see the global, and social effects of practices
8	The ability to question and interpret the acquired interdisciplinary pieces of information within the framework of the current economic, social, and environmental conjuncture
9	The ability to stay up to date regarding the local, regional, and global changes in the international trade and logistics, and the supply chain sector; and relevant through improvements on professional competencies and backgrounds, and to devise quick and effective solutions to possible problems through an innovative approach
10	The ability to track national and international regulations in international trade and logistics, to learn logistic procedures and risk management, to use current instruments of technology and informatics, to analyze and improve processes, to devise new ideas and suggestions, to manage activities for change, and to report and document these processes
11	-

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