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Information
| Unit | INSTITUTE OF SOCIAL SCIENCES |
| PUBLIC FINANCE (MASTER) (WITH THESIS) | |
| Code | PF1741 |
| Name | Public Economics I |
| Term | 2024-2025 Academic Year |
| Term | Fall |
| 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 | |
| Course Instructor |
The current term course schedule has not been prepared yet.
|
Course Goal / Objective
In this course, the structure and operation of public economics will be discussed from various perspectives and it is aimed to make comparative analysis of public economy and market economy.
Course Content
Within the scope of the course, the reasons of state intervention in the economy and the question of state cause exist, externalities, public goods, natural monopolies are analyzed with the necessary figures and analyzes, while public choice theory and public sector analysis are planned. While income distribution policies, cost-benefit analyzes will be included in the course, the effects of taxes on income distribution and resource allocation will be discussed.
Course Precondition
no prerequisites
Resources
Jonathan Gruber- Public Finance and Public Policy
Notes
HARVEY S. ROSEN & TED GAYER PUBLIC FINANCE
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Explain theories about the size of the public sector |
| LO02 | Analyze the concepts of efficiency and fairness in the operating model of the market economy. |
| LO03 | Measures social benefits and costs |
| LO04 | Analyzes the impact of income distribution policies |
| LO05 | Explain the basic concepts of public economics (public goods, externalities, the role of the state) |
| LO06 | Analyses the effects of the public sector on the economy by examining the role of the state in production, consumption and income distribution. |
| LO07 | Discuss market failures (natural monopolies, externalities) and why public intervention is necessary to correct these failures |
| LO08 | Discusses how public economics has evolved historically, from classical economic theories to today's understanding of the welfare state |
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 | 5 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Makes comparative analyses of different schools of economics and fiscal approaches | 3 |
| 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. | |
| PLO04 | Bilgi - Kuramsal, Olgusal | Analyses the numerical and statistical data obtained in the field of Finance by using contemporary communication tools, methods and processes | |
| PLO05 | Beceriler - Bilişsel, Uygulamalı | To be aware of the necessity of lifelong learning and to evaluate the current developments in the field | 4 |
| 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 | |
| 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. | 5 |
| PLO13 | Yetkinlikler - Alana Özgü Yetkinlik | To be aware of social, scientific and professional ethical values and to act accordingly | 5 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Basic Microeconomic Concepts | Reading relevant book chapters | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 2 | Pareto Efficiency in Exchange | Reading relevant book chapters | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 3 | Pareto Efficiency in Production | Reading relevant book chapters | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 4 | General Equilibrium of the Economy | Reading relevant book chapters | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 5 | Social Welfare Functions | Reading relevant book chapters | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 6 | Welfare Economics: Basic Concepts | Reading relevant book chapters | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 7 | Welfare Economics: Voting Methods | Reading relevant book chapters | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 8 | Mid-Term Exam | Ölçme Yöntemleri: Yazılı Sınav |
|
| 9 | Public Goods-I | Reading relevant book chapters | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 10 | Public Goods-II | Reading relevant book chapters | Öğretim Yöntemleri: Soru-Cevap, Anlatım |
| 11 | Financing Public Goods | Reading relevant book chapters | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 12 | Externalities: Basic Concepts | Reading relevant book chapters | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 13 | Private and Public Solutions to Externalities | Reading relevant book chapters | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 14 | Natural Monopoly | Reading relevant book chapters | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 15 | Asimetric Information, Adverse Selection and Moral Hazard | Reading relevant book chapters | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 16 | Term Exams | Ölçme Yöntemleri: Yazılı Sınav |
|
| 17 | Term Exams | 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 | ||