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Information
| Unit | FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES |
| FINANCE PR. | |
| Code | PFS423 |
| Name | Public Choice |
| Term | 2025-2026 Academic Year |
| Semester | 7. Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 6 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | Türkçe |
| Level | Lisans Dersi |
| Type | Normal |
| Label | E Elective |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Dr. Öğr. Üyesi OĞUZHAN BOZATLI |
| Course Instructor |
The current term course schedule has not been prepared yet.
|
Course Goal / Objective
Public Choice course aims to analyze the behavior of individuals and groups in public decision-making processes within the framework of economic and rational choice theories. The course enables students to critically evaluate public sector decision-making processes by examining the roles of individual preferences, collective decision-making mechanisms, voting behavior, bureaucracy and interest groups in public policy formation. It also aims to understand the processes of public policy design and implementation through a comparative analysis of market failures and government failures.
Course Content
Public Choice course examines the process of public policy formation and individual and collective decision-making mechanisms from the perspective of economic and rational choice theories. The course covers the basic principles and historical development of public choice theory. Basic concepts such as individuals' rational preferences, collective decision-making processes and Arrow's Impossibility Theorem are discussed in detail. The effects of voting systems, electoral paradoxes and strategic voting behavior on public policies are analyzed. In addition, the role of interest groups, lobbying and rent-seeking behavior in shaping public policies is evaluated. The impact of bureaucracy on public policies and its role in decision-making processes are analyzed. The effectiveness of public policies is questioned by comparing market failures with government failures.
Course Precondition
No prerequisites
Resources
Aktan, C. C. (2024). Kamu tercihi iktisadı ve anayasal politik iktisat. Ankara: Seçkin Yayıncılık. 3. Baskı.
Notes
Aktan, C. C., & Dilek, D. (2007). Modern, politik, iktisat kamu tercihi. Seçkin Yayıncılık.
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Explains the basic concepts and economic principles of public choice theory. |
| LO02 | Analyzes individual and collective decision-making processes within the framework of rational choice theory. |
| LO03 | Evaluates the impact of voting systems and electoral mechanisms on public policies. |
| LO04 | Critically interpret the effects of bureaucracy, interest groups and lobbying on public policies. |
| LO05 | Questions the effectiveness of public policies by comparing market and government failures. |
| LO06 | Develops solutions to current public policy problems using public choice theory. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Explains basic conceptual information about economy and finance | 4 |
| PLO02 | Bilgi - Kuramsal, Olgusal | The departments of finance, law, economics, public administration, business administration and accounting have the necessary qualifications for the public and private sectors. | 3 |
| PLO03 | Beceriler - Bilişsel, Uygulamalı | Analyses the basic conceptual knowledge about economics and finance in the context of current economic and financial developments. | 4 |
| PLO04 | Beceriler - Bilişsel, Uygulamalı | Synthesises the information obtained from different sources within the framework of academic rules in the field of research | 4 |
| PLO05 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Works effectively individually and/or in a team. | |
| PLO06 | Yetkinlikler - Öğrenme Yetkinliği | Being aware of the necessity of lifelong learning, follows the current developments in the field. | 4 |
| PLO07 | Yetkinlikler - Öğrenme Yetkinliği | Apart from the traditional approach, it develops new working methods when deemed necessary. | 4 |
| PLO08 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Turkish and at least one foreign language is used in accordance with the needs of academic life and business life | 3 |
| PLO09 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Expresses herself orally and in writing | 5 |
| PLO10 | Yetkinlikler - Alana Özgü Yetkinlik | To be able to collect and analyse data from different sources by using contemporary communication tools, methods and processes | |
| PLO11 | Yetkinlikler - Alana Özgü Yetkinlik | Having basic computer knowledge and skills, uses this information in the professional field. | |
| PLO12 | Yetkinlikler - Alana Özgü Yetkinlik | Explains the duties, authority and functioning of public financial institutions | 4 |
| PLO13 | Yetkinlikler - Alana Özgü Yetkinlik | Explains job descriptions and responsibilities of professionals in the field of finance | 5 |
| PLO14 | Yetkinlikler - Alana Özgü Yetkinlik | Have social, scientific and ethical values. | 4 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Introduction to Public Choice Theory | Reading the relevant sections of the sources | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 2 | Rational Choice Theory | Reading the relevant sections of the sources | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 3 | Collective Decision Making and Social Preferences | Reading the relevant sections of the sources | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 4 | Voting Systems | Reading the relevant sections of the sources | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 5 | Electoral Paradoxes | Reading the relevant sections of the sources | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 6 | Interest Groups and Lobbying | Reading the relevant sections of the sources | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 7 | Rent Seeking | Reading the relevant sections of the sources | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 8 | Mid-Term Exam | Ölçme Yöntemleri: Yazılı Sınav |
|
| 9 | Economic Theory of Bureaucracy | Reading the relevant sections of the sources | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 10 | Market Failures | Reading the relevant sections of the sources | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 11 | Government Failures | Reading the relevant sections of the sources | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 12 | Design of Public Policies | Reading the relevant sections of the sources | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 13 | Constitutional Economics | Reading the relevant sections of the sources | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 14 | Fiscal Constitution | Reading the relevant sections of the sources | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 15 | Public Choice and Current Applications | Reading the relevant sections of the sources | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 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 | ||