TÜRKÇE
ENGLISH
Information
| Unit | INSTITUTE OF SOCIAL SCIENCES |
| ECONOMICS (MASTER) (WITH THESIS) | |
| Code | İKT708 |
| Name | Economic Policy |
| Term | 2024-2025 Academic Year |
| Term | Fall and 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. HAKKI ÇİFTÇİ |
| Course Instructor |
Prof. Dr. HAKKI ÇİFTÇİ
(Bahar)
(A Group)
(Ins. in Charge)
|
Course Goal / Objective
The aim of this course is to introduce the fluctuations in short-term and long-term trend of economic growth, unemployment, inflation, the basic macroeconomic approaches of public and external deficits , economic policy objectives and to define the economic policy tools relevant to these goals.
Course Content
This course consists of the definition and concepts of economic policy, economic policy and public institutions, economic policy and international organizations, the purpose and objectives of economic policy , economic policy tools, decision-making methods, alternative approaches to economic policy, Classical, Keynesian, monetarist, New Classical, New Keynesian.
Course Precondition
In order to develop the economic alphabet and related readings that can dominate Economic Policy, it is necessary to reach a level that can understand, explain and interpret economic concepts such as introductory economics course, micro and macro course.
Resources
A Monetary and Fiscal History of the United States, 1961–2021-Alan S. Blinder
Notes
A Monetary and Fiscal History of the United States, 1961–2021-Alan S. Blinder
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Explains the basic economic policy goals such as price stability, economic growth, full employment and income distribution. |
| LO02 | Explains the impact of central bank policies and public expenditures on macroeconomic variables. |
| LO03 | Compares the policy recommendations of classical, Keynesian, Monetarist and New Institutionalist economic approaches. |
| LO04 | Explains the links between the Phillips curve, inflation targeting, and growth policies. |
| LO05 | Explains the impact of trade policies, exchange rate systems, and international economic organizations (IMF, World Bank). |
| LO06 | Explains crisis management policies by evaluating events such as the Great Depression of 1929 and the Global Financial Crisis of 2008. |
| LO07 | Explains inequality issues through tax policies, social expenditures, and welfare economics. |
| LO08 | Proposes solutions to contemporary macroeconomic problems such as inflation, unemployment, and economic stagnation. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Gains expertise in economics. | 5 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Specifies the role of the market economy, the price advantage of the event. | 4 |
| PLO03 | Bilgi - Kuramsal, Olgusal | Explains basic macroeconomic problems such as unemployment, inflation, current account deficit and policies to solve these problems based on scientific sources. | |
| PLO04 | Bilgi - Kuramsal, Olgusal | Faces with challenges, produces a numerical and policy options. | 5 |
| PLO05 | Bilgi - Kuramsal, Olgusal | Builds, decodes and interprets models by using quantitative and qualitative techniques | |
| PLO06 | Bilgi - Kuramsal, Olgusal | Learning the application of programme packages like SAS, RATS, SPSS, TSP, Win BUGS, EViews, etc to do analyses of empirical data. | |
| PLO07 | Bilgi - Kuramsal, Olgusal | Uses the theory of economics in analyzing the economic events | 4 |
| PLO08 | Bilgi - Kuramsal, Olgusal | Acquires the ability of analyzing in the conceptual level ,compares interprets, evaluates and synthesizes ideas in order to develop solutions to the problems. | 5 |
| PLO09 | Bilgi - Kuramsal, Olgusal | Takes responsibility individually and / or in a team,leads a team and works effectively | 3 |
| PLO10 | Bilgi - Kuramsal, Olgusal | With the awareness of the necessity of life-long learning, follows the latest developments about his field and improves himself | |
| PLO11 | Bilgi - Kuramsal, Olgusal | Speaks Turkish, and at least one other foreign language in accordance with the requirements of academic and business life. | |
| PLO12 | Bilgi - Kuramsal, Olgusal | Questions traditional approaches, implementations, and methods ;develops and practises alternative study programs when required | |
| PLO13 | Beceriler - Bilişsel, Uygulamalı | Knows where and how to find all scientific resources and data to do her research. | 5 |
| PLO14 | Beceriler - Bilişsel, Uygulamalı | Understands the necessity and importance of research in social sciences. | 5 |
| PLO15 | Beceriler - Bilişsel, Uygulamalı | Understands the relationship between economics and other branches of science. | |
| PLO16 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Expresses himself/herself accurately, both orally and in writing. | 5 |
| PLO17 | Yetkinlikler - Öğrenme Yetkinliği | Recognize and apply social, scientific and professional ethical values. | 5 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | The basic concepts and principles of economic policy | Reading course books and the notes | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 2 | Determination and Application of economic policy | Reading course books and the notes | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 3 | Diversity of Economic Policy | Reading course books and the notes | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 4 | Delays in the application of politics | Reading course books and the notes | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 5 | Main purposes of economic policy | Reading course books and the notes | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 6 | Main tools of economic policy | Reading course books and the notes | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 7 | The efficiency of the tools and the factors determining efficiency | Reading course books and the notes | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 8 | Mid-Term Exam | mid-term exam | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Economic Policy and Macro Theories:Basic Concepts | Reading course books and the notes | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 10 | Classical Macro Theory and Economic Policy | Reading course books and the notes | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 11 | Keynesian Macro Theory and Economic Policy | Reading course books and the notes | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 12 | Monetary Macro Theory and Economic Policy | Reading course books and the notes | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 13 | Rational Expectations Theory and Economic Policy | Reading course books and the notes | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 14 | Supply-side Economics and Economic Policy | Reading course books and the notes | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 15 | General Evaluation | Reading course books and the notes | Öğretim Yöntemleri: Alıştırma ve Uygulama, Soru-Cevap, Tartışma |
| 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 | 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 | ||