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| Unit | INSTITUTE OF SOCIAL SCIENCES |
| PUBLIC FINANCE (PhD) | |
| Code | PFS822 |
| Name | Advanced Public Economy Analysis I |
| Term | 2024-2025 Academic Year |
| Term | Fall and Spring |
| Duration (T+A) | 4-0 (T-A) (17 Week) |
| ECTS | 8 ECTS |
| National Credit | 4 National Credit |
| Teaching Language | Türkçe |
| Level | Doktora Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. HAŞİM AKÇA |
| Course Instructor |
Prof. Dr. HAŞİM AKÇA
(Güz)
(A Group)
(Ins. in Charge)
Prof. Dr. HAŞİM AKÇA (Bahar) (A Group) (Ins. in Charge) |
Course Goal / Objective
In this course, it is aimed to make a comparative and in-depth analysis of the public economy and the market economy by examining the structure and functioning of the public economy from various perspectives.
Course Content
Within the scope of the course, the reasons for state intervention in the economy and the question of why the state exists are detailed with the necessary forms and analyzes within the framework of externalities, public goods and natural monopolies, while it is planned to analyze the public sector with public choice theory. While the course will include income distribution policies and cost-benefit analyses, the effects of taxes on income distribution and resource distribution will be discussed with advanced techniques.
Course Precondition
No prerequisites
Resources
Jonathan Gruber- Public Finance and Public Policy I Richard Abel Musgrave Public Finance in Theory and Practice HARVEY S. ROSEN & TED GAYER PUBLIC FINANCE
Notes
Harvey S. Rosen and Ted Gayer--Public Finance
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Analyses the interaction between public economics and other economic theories such as microeconomics and macroeconomics and their effects on government intervention. |
| LO02 | Comprehension of theories regarding the size of the public sector and interpretations of various trends and advanced techniques |
| LO03 | Interprets in depth the concepts of efficiency and justice in the operating model of the market economy. |
| LO04 | Measures social benefits and costs with advanced techniques |
| LO05 | Analyzes public goods, externalities, and natural monopolies as a market failure |
| LO06 | Comprehensively discusses the basic theories of public economics and the role of the state in the economy, market failures and justifications for public intervention |
| LO07 | Analyses the economic characteristics of public goods, private goods and semi-public goods and evaluates the role of the state in the provision of these goods |
| LO08 | Analyses the effects of market failures (natural monopolies, externalities, asymmetric information) and government intervention on the economy |
| LO09 | Develop new perspectives that will contribute to the academic literature by conducting original and in-depth research on basic theoretical and empirical problems of public economics |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | To be able to explain the basic conceptual knowledge related to the field, including the relationship between theory and practice. | 5 |
| PLO02 | Bilgi - Kuramsal, Olgusal | To be able to synthesise the problems encountered in the field of finance with the information obtained from the field and different disciplines and evaluate the results. | |
| PLO03 | Bilgi - Kuramsal, Olgusal | Can explain the functioning of tax systems and different tax systems by using the theoretical and legal knowledge about the taxation process. | 3 |
| PLO04 | Bilgi - Kuramsal, Olgusal | Explains the policy proposals that can be applied against economic and financial problems in the context of fiscal policy (revenue, expenditure and borrowing). | 4 |
| PLO05 | Beceriler - Bilişsel, Uygulamalı | Follows national and international publications related to her field. | 3 |
| PLO06 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | To be able to conduct and publish studies related to the field of finance independently. | |
| PLO07 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | To be able to prepare works in accordance with academic rules based on information about the basic theories of the field. | 3 |
| PLO08 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Appropriate responsibilities are assumed as a coordinator or participant in a project related to his/her field. | |
| PLO09 | Yetkinlikler - Öğrenme Yetkinliği | To be able to develop solutions to the role of public sector in economic life and international financial problems in the process of globalisation. | 3 |
| PLO10 | Yetkinlikler - Öğrenme Yetkinliği | To be able to propose solutions to the problems related to fiscal theory, fiscal law, fiscal economics, budget and fiscal planning, which should be in the experts and researchers needed by the public and private sectors. | 3 |
| PLO11 | Yetkinlikler - Öğrenme Yetkinliği | Sets a vision and target for the organization/institution related to the field of study. | |
| PLO12 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | To be able to transfer the current developments and prepared studies in the field of finance to the groups in and out of the field in written, oral and visual ways. | 4 |
| PLO13 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Uses advanced information and communication technologies along with computer software at the level required by the field. | |
| PLO14 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | To be able to use at least one foreign language related to the field effectively and to have the ability to follow foreign literature. | |
| PLO15 | Yetkinlikler - Alana Özgü Yetkinlik | Acts in accordance with scientific and ethical values in the process of creating information and knowledge related to the field. | 5 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Deep Analysis of Basic Microeconomic Concepts | Reading relevant book chapters | Öğretim Yöntemleri: Anlatım |
| 2 | Pareto Efficiency in Change | Reading relevant book chapters | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 3 | Pareto Efficiency in Production | Reading relevant book chapters | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 4 | Further Analysis of the General Equilibrium of the Economy | Reading relevant book chapters | Öğretim Yöntemleri: Anlatım, Tartışma |
| 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, Tartışma |
| 10 | Public Goods-II | Reading relevant book chapters | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 11 | Financing of Public Goods | Reading relevant book chapters | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 12 | Externalities: Basic Concepts | Reading relevant book chapters | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 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 |
| 15 | Asymmetric 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 |
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 | 4 | 56 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 8 | 112 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 2 | 4 | 8 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 12 | 12 |
| Final Exam | 1 | 24 | 24 |
| Total Workload (Hour) | 212 | ||
| Total Workload / 25 (h) | 8,48 | ||
| ECTS | 8 ECTS | ||