Information
Unit | INSTITUTE OF SOCIAL SCIENCES |
PUBLIC FINANCE (MASTER) (WITH THESIS) | |
Code | PF720 |
Name | Economics of Regulation |
Term | 2024-2025 Academic Year |
Term | Spring |
Duration (T+A) | 3-0 (T-A) (17 Week) |
ECTS | 6 ECTS |
National Credit | 3 National Credit |
Teaching Language | Türkçe |
Level | Yüksek Lisans Dersi |
Type | Normal |
Mode of study | Yüz Yüze Öğretim |
Catalog Information Coordinator | Prof. Dr. HAŞİM AKÇA |
Course Instructor |
Prof. Dr. HAŞİM AKÇA
(Bahar)
(A Group)
(Ins. in Charge)
|
Course Goal / Objective
The aim of the course is to understand the economic rationale of state intervention, which occurs when market processes cannot provide economic efficiency, as predicted by neo-classical economic theory, and to reveal the effects of state regulatory interventions on the economy by analyzing economic regulation theories in this context.
Course Content
The course includes a theoretical analysis of how the economic efficiency that cannot be achieved in case of market failures will be regulated under the regulatory state model and in which areas competition is possible.
Course Precondition
No prerequisites
Resources
Akça, H. (2007) Regülasyon Ekonomisi
Notes
Oğuz, F., & Çakmak, O. (2002). Küreselleşen bir dünyada regülasyon. Liberal Düşünce Dergisi, 7(25-26), 143-154.
Course Learning Outcomes
Order | Course Learning Outcomes |
---|---|
LO01 | Evaluates the necessity of regulation within the framework of concepts such as market failures, externalities, public goods and natural monopolies |
LO02 | Analyse the types of economic, social and environmental regulations and their effects in different sectors |
LO03 | Critically evaluate the advantages and disadvantages of free market economy and state intervention |
LO04 | Makes comparative analyses by examining different regulatory policies applied in the USA, European Union and developing countries |
LO05 | Analyses the welfare implications of competition law, consumer protection policies and market regulation |
LO06 | Evaluate the effects of regulations on entrepreneurship, innovation and foreign direct investment |
LO07 | Analyses the economic effects of regulation in the electricity, water, telecommunications and transport sectors |
LO08 | Evaluates the effects of regulations in banking, insurance and capital markets on crisis management and economic stability |
LO09 | Analyse the independence of regulatory agencies, lobbying and the effects of regulation on political processes |
Relation with Program Learning Outcome
Order | Type | Program Learning Outcomes | Level |
---|---|---|---|
PLO01 | Bilgi - Kuramsal, Olgusal | To have advanced theoretical and practical knowledge in the field of finance, economics and public policy | 3 |
PLO02 | Bilgi - Kuramsal, Olgusal | Makes comparative analyses of different schools of economics and fiscal approaches | |
PLO03 | Bilgi - Kuramsal, Olgusal | Analyses the discipline of finance from an interdisciplinary perspective by associating it with fields such as law, economics, public administration, business administration and accounting. | 3 |
PLO04 | Bilgi - Kuramsal, Olgusal | Analyses the numerical and statistical data obtained in the field of Finance by using contemporary communication tools, methods and processes | 3 |
PLO05 | Beceriler - Bilişsel, Uygulamalı | To be aware of the necessity of lifelong learning and to evaluate the current developments in the field | 5 |
PLO06 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Leads academic or professional studies in the field of finance | |
PLO07 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | To be able to produce effective solutions by transforming academic and professional knowledge into practical applications in the field of finance | 3 |
PLO08 | Yetkinlikler - Öğrenme Yetkinliği | Evaluates the legislation by being aware of the legal regulations related to financial events | 3 |
PLO09 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Uses the necessary level of computer software and information and communication technologies in the professional field | |
PLO10 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | To be able to systematically transfer the original researches prepared in the field of finance to the groups in and out of the field in written, oral and visual form by using scientific research methods. | 3 |
PLO11 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Uses Turkish and at least one foreign language in accordance with the requirements of academic life and business life | |
PLO12 | Yetkinlikler - Alana Özgü Yetkinlik | To have social, scientific and ethical values in the stages of collecting, interpreting and announcing the data related to the field of finance. | 4 |
PLO13 | Yetkinlikler - Alana Özgü Yetkinlik | To be aware of social, scientific and professional ethical values and to act accordingly | 4 |
Week Plan
Week | Topic | Preparation | Methods |
---|---|---|---|
1 | Economic Organizations | Reading relevant book chapters | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
2 | The Role of the State in the Economy and Opinions on Public Economic Activities | Reading relevant book chapters | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
3 | Regulation | Reading relevant book chapters | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
4 | Reasons for regulation I | Reading relevant book chapters | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
5 | Reasons for regulation II | Reading relevant book chapters | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
6 | Theories of Regulation | Reading relevant book chapters | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
7 | Methods of regulation | Reading relevant book chapters | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
8 | Mid-Term Exam | written examination | Ölçme Yöntemleri: Yazılı Sınav |
9 | Efficiency Regulation | Reading relevant book chapters | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
10 | Regulation and Technological Development Interaction | Reading relevant book chapters | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
11 | Deregulation | Reading relevant book chapters | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
12 | Definition of Public Revenues, Features, Types and Separation | Reading relevant book chapters | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
13 | Regulation in Electricity and Telephone Service | Reading relevant book chapters | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
14 | Regulation in post office services | Reading relevant book chapters | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
15 | Regulation in Railways Services | Reading relevant book chapters | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
16 | Term Exams | written examination | Ölçme Yöntemleri: Yazılı Sınav |
17 | Term Exams | written examination | 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 | 5 | 70 |
Assesment Related Works | |||
Homeworks, Projects, Others | 0 | 0 | 0 |
Mid-term Exams (Written, Oral, etc.) | 1 | 15 | 15 |
Final Exam | 1 | 30 | 30 |
Total Workload (Hour) | 157 | ||
Total Workload / 25 (h) | 6,28 | ||
ECTS | 6 ECTS |