TÜRKÇE
ENGLISH
Information
| Unit | FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES |
| ECONOMETRICS PR. (ENGLISH) | |
| Code | ECOS411 |
| Name | Economic Policy |
| Term | 2019-2020 Academic Year |
| Semester | 7. Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 5 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | İngilizce |
| Level | Lisans Dersi |
| Type | Normal |
| Label | E Elective |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Doç. Dr. ERHAN İŞCAN |
| Course Instructor |
TANER TURAN
(Güz)
(A Group)
(Ins. in Charge)
|
Course Goal / Objective
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.
Course 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.
Course Precondition
Resources
Notes
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Explain the purpose of Economic Policy |
| LO02 | Explain the economic policy tools |
| LO03 | understand Keynesian economics policy |
| LO04 | understand monetarist economics policy |
| LO05 | understand new classical economics policy |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | - | Explains Econometric concepts | 0 |
| PLO02 | - | Acquires basic Mathematics, Statistics and Operation Research concepts | 0 |
| PLO03 | - | Equipped with the foundations of Economics, and develops Economic models | 4 |
| PLO04 | - | Describes the necessary concepts of Business | 0 |
| PLO05 | - | Models problems with Mathematics, Statistics, and Econometrics | 4 |
| PLO06 | - | Estimates the model consistently and analyzes & interprets its results | 3 |
| PLO07 | - | Acquires the ability to analyze, benchmark, evaluate and interpret at conceptual levels to develop solutions to problems | 0 |
| PLO08 | - | Collects, edits, and analyzes data | 0 |
| PLO09 | - | Uses a package program of Econometrics, Statistics, and Operation Research | 0 |
| PLO10 | - | Effectively works, take responsibility, and the leadership individually or as a member of a team | 0 |
| PLO11 | - | Awareness towards life-long learning and follow-up of the new information and knowledge in the field of study | 0 |
| PLO12 | - | 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 | 0 |
| PLO13 | - | Uses Turkish and at least one other foreign language, academically and in the business context | 0 |
| PLO14 | - | Good understanding, interpretation, efficient written and oral expression of the people involved | 0 |
| PLO15 | - | Improves his/herself constantly by defining educational requirements considering interests and talents in scientific, cultural, art and social fields besides career development | 0 |
| PLO16 | - | Questions traditional approaches and their implementation while developing alternative study programs when required | 0 |
| PLO17 | - | Recognizes and implements social, scientific, and professional ethic values | 0 |
| PLO18 | - | Follows actuality, and interprets the data about economic and social events | 5 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Definition of economic policy - relationship between theory and practice use; formulation of goals of economic policy, subjects, instruments, restrictions etc. | Reading the Textbook | |
| 2 | Definition of economic policy - relationship between theory and practice use; formulation of goals of economic policy, subjects, instruments, restrictions etc. | Reading the Textbook | |
| 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 | |
| 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 | Discussion of Turkish Economic Policies | Reading the Textbook | |
| 17 | Discussion of Turkish Economic Policies | Reading the Textbook |
Assessment (Exam) Methods and Criteria
| Assessment Type | Midterm / Year Impact | End of Term / End of Year Impact |
|---|---|---|
| 1. Midterm Exam | 100 | 40 |
| General Assessment | ||
| Midterm / Year Total | 100 | 40 |
| 1. Final Exam | - | 60 |
| Grand Total | - | 100 |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 3 | 42 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 3 | 42 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 0 | 0 | 0 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 12 | 12 |
| Final Exam | 1 | 18 | 18 |
| Total Workload (Hour) | 114 | ||
| Total Workload / 25 (h) | 4,56 | ||
| ECTS | 5 ECTS | ||