ECTS - Public 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 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 | 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 | ||||
|---|---|---|---|---|---|---|
| 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 | ||