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Information
| Code | IKZ403 |
| Name | Economic Policy |
| Semester | 7. Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 5 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | Türkçe |
| Level | Lisans Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Dr. Öğr. Üyesi MUSTAFA ILDIRAR |
Course Goal
This course aims to explore the effectiveness of economic policy in combating economic problems by presenting the conceptual framework of the aimed economic policy and the views on economic policy of economic approaches.
Course Content
Instead of the cause-effect relationship of the theoretical economy, it deals with the economic events of the future within the objective-instrumental relationship. For this purpose, economic system, economic policy decision-making units, goals in economic policy, tools and measures to solve the politics of politics of recognition and treatment are being done.
Course Precondition
There are no course prerequisites.
Resources
Economic Policy Theory and Practice- Agnès Bénassy-Quéré, Benoît Cœuré, Pierre Jacquet, and Jean Pisani-Ferry
Notes
Why Nations Fail: The Origins of Power, Prosperity, and Poverty-Daron Acemoglu (Author), James A. Robinson (Author), Dan Woren (Narrator)
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Compares new classical and new Keynesian approaches in the frame of general economic policy |
| LO02 | Understands how to use economic policy instruments to achieve the objectives of economic policy |
| LO03 | Knows new classical and new Keynesian approaches in the frame of general economic policy |
| LO04 | Examines traditional and unconventional monetary policies |
| LO05 | Students will have information about the effectiveness of monetary and fiscal policies. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Explain the importance of demand and supply in economy science and the well-running conditions of the market economy | |
| PLO02 | Bilgi - Kuramsal, Olgusal | Define the role of pricing within the event advantage of the market economy. | |
| PLO03 | Bilgi - Kuramsal, Olgusal | Define the role of the state in economy, money and financial policies, the central bank and the structure of the market. | 5 |
| PLO04 | Bilgi - Kuramsal, Olgusal | Perceive the costs and benefits arising from the global economy | |
| PLO05 | Bilgi - Kuramsal, Olgusal | Produce numerical and policy options when confronted with problems. | 4 |
| PLO06 | Bilgi - Kuramsal, Olgusal | Use quantitative and qualitative techniques of model building, decoding and interpretation. | |
| PLO07 | Beceriler - Bilişsel, Uygulamalı | Use the theory of economics in the analysis of economic events. | 3 |
| PLO08 | Beceriler - Bilişsel, Uygulamalı | Use computer programs, do synthesis and present prepared data efficiently. | |
| PLO09 | Beceriler - Bilişsel, Uygulamalı | Apply the methods of economic analysis. | 2 |
| PLO10 | Bilgi - Kuramsal, Olgusal | Analyze at conceptual level and acquires ability in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems | 4 |
| PLO11 | Beceriler - Bilişsel, Uygulamalı | Use of different sources about an unfamiliar field within academic principles, synthesize gained data and presents effectively. | |
| PLO12 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Take responsibility individually and / or in a team, take leadership and work effectively. | 3 |
| PLO13 | Yetkinlikler - Öğrenme Yetkinliği | Follow innovative developments in the field being aware of the necessity of lifelong learning and improving him-/herself.. | |
| PLO14 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Use Turkish and at least one foreign language in accordance with the requirements of academic and work life. | |
| PLO15 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Understand and interpret related people´s feelings, thoughts, and behaviours correctly; expresse him-/herself accurately in written and oral language. | |
| PLO16 | Yetkinlikler - Alana Özgü Yetkinlik | Question traditional approaches, practices and methods. | |
| PLO17 | Yetkinlikler - Alana Özgü Yetkinlik | Recognize and apply social, scientific and professional ethical values. |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | The concept of economic politics, its importance, its historical development and its place in economics. Value judgments in economic policy. | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 2 | Economic System Economic Order and Economic Policy | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 3 | The main differences between economics and politics | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 4 | Economic Political Decision Units and Demand Formation | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 5 | Scientific preference and ideological preference | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 6 | Objectives in Economic Policy | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 7 | Tools of Economic Policy | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 8 | Mid-Term Exam | prepare to exam | Öğretim Yöntemleri: Soru-Cevap |
| 9 | economic policy and macro theories | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 10 | Classical Macro Theory and Economic Policy | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 11 | Keynesian Macro Theory and Economic Policy | reading | Öğretim Yöntemleri: Anlatım |
| 12 | Monetarist Macro Theory and Economic Policy | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 13 | Rational Expectations Theory and Economic Policy | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 14 | Supply Side Economics and Economic Policy | reading | Öğretim Yöntemleri: Anlatım |
| 15 | Turkey's Social Development Process | reading | Öğretim Yöntemleri: Anlatım |
| 16 | Term Exams | final exam | Ölçme Yöntemleri: Yazılı Sınav |
| 17 | Term Exams | final exam | Ölçme Yöntemleri: Yazılı Sınav |
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 | ||