COURSE INFORMATON
Course Title Code Semester L+P Hour Credits ECTS
Economic Policy ECOS   411 7 3 3 5

Prerequisites and co-requisites
Recommended Optional Programme Components None

Language of Instruction English
Course Level First Cycle Programmes (Bachelor's Degree)
Course Type
Course Coordinator Asst.Prof.Dr. Erhan İŞCAN
Instructors
Dr. Öğr. ÜyesiERHAN İŞCAN1. Öğretim Grup:A
 
Assistants
Goals
The aim of this course is to appraise students of bases of economic policy. The course is concerned about creation and application of economic policy by central organs of state (central bank, government etc.) or by regional authorities. The course enlarges economic knowledge acquired in courses of microeconomics and macroeconomics. Students should understand the meaning of economic policy measures and deduce their impact on economic subjects and entire economy.
Content
The aim of this course is to appraise students of bases of economic policy. The course is concerned about creation and application of economic policy by central organs of state (central bank, government etc.) or by regional authorities. The course enlarges economic knowledge acquired in courses of microeconomics and macroeconomics. Students should understand the meaning of economic policy measures and deduce their impact on economic subjects and entire economy.

Learning Outcomes
1) Student is able to assign objectives and instruments to policy makers
2) Student is able to name and describe tools of fiscal and monetary politicy (and other types of economic policy)
3) Student knows policy makers in the Turkey
4) Student si able to deduce impact of selected instruments of economic policy into practice
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Course's Contribution To Program
NoProgram Learning OutcomesContribution
12345
1
Explains Econometric concepts
2
Acquires basic Mathematics, Statistics and Operation Research concepts
3
Equipped with the foundations of Economics, and develops Economic models
X
4
Describes the necessary concepts of Business
5
Models problems with Mathematics, Statistics, and Econometrics
X
6
Estimates the model consistently and analyzes & interprets its results
X
7
Acquires the ability to analyze, benchmark, evaluate and interpret at conceptual levels to develop solutions to problems
8
Collects, edits, and analyzes data
9
Uses a package program of Econometrics, Statistics, and Operation Research
10
Effectively works, take responsibility, and the leadership individually or as a member of a team
11
Awareness towards life-long learning and follow-up of the new information and knowledge in the field of study
12
Develops the ability of using different resources in the form of academic rules, synthesis the information gathered, and effective presentation in an area which has not been studied
13
Uses Turkish and at least one other foreign language, academically and in the business context
14
Good understanding, interpretation, efficient written and oral expression of the people involved
15
Improves his/herself constantly by defining educational requirements considering interests and talents in scientific, cultural, art and social fields besides career development
16
Questions traditional approaches and their implementation while developing alternative study programs when required
17
Recognizes and implements social, scientific, and professional ethic values
18
Follows actuality, and interprets the data about economic and social events
X

Course Content
WeekTopicsStudy Materials _ocw_rs_drs_yontem
1 Definition of economic policy - relationship between theory and practice use; formulation of goals of economic policy, subjects, instruments, restrictions etc. Reading the Textbook Lecture
Testing
2 Definition of economic policy - relationship between theory and practice use; formulation of goals of economic policy, subjects, instruments, restrictions etc. Reading the Textbook Lecture
Homework
3 Macroeconomic policy.Fiscal policy - instruments and their use, government budget, deficit and methods of solving it, public debt. Reading the Textbook
4 Macroeconomic policy. Monetary policy - independence of central bank, modes of monetary policy, instruments of monetary policy and its use. Reading the Textbook
5 Macroeconomic policy. Economic policy in open economy - instruments, its use, balance of payment. Reading the Textbook
6 Policies in between of macroeconomic, microeconomic and social policy. Labour policy - market failures on labour market, active and passive labour policy. Reading the Textbook
7 Microeconomic policy. Anti-trust policy - definition of relevant market, selected market failures, microeconomic aspects of market barriers. Reading the Textbook
8 Midterm Exam Exam Testing
9 Social policy. Definition of social policy (broader and narrower), its role in economy, types of social policy. Reading the Textbook
10 Social policy. Policy of social security - systems of social insurance, state relief of the poor and social services. Reading the Textbook
11 Other selected policies with heavy impact on economy. Health policy - its aims, instruments and significance for the economy. Reading the Textbook
12 Other selected policies with heavy impact on economy. Education policy - its aims, instruments and significance for the economy. Reading the Textbook
13 Economic policy interdisciplinarity and relationship between types of economic policy. The role of regions and connection with supranational organisations. Reading the Textbook
14 Discussion of Turkish Economic Policies Reading the Textbook
15 Discussion of Turkish Economic Policies Reading the Textbook
16-17 Discussion of Turkish Economic Policies Reading the Textbook

Recommended or Required Reading
Textbook
Additional Resources