FACULTY OF BUSINESS

Department of Economics

ECON 208 | Course Introduction and Application Information

Course Name
Public Finance
Code
Semester
Theory
(hour/week)
Application/Lab
(hour/week)
Local Credits
ECTS
ECON 208
Fall/Spring
3
0
3
5

Prerequisites
None
Course Language
English
Course Type
Elective
Course Level
First Cycle
Mode of Delivery -
Teaching Methods and Techniques of the Course -
Course Coordinator
Course Lecturer(s)
Assistant(s)
Course Objectives This course introduces the students to theoretical and empirical issues and problems of public finance. Public finance is the subfield of economics that deals with the effects of government policy (in particular taxing of economic agents, spending of social resources to meet specific objectives, and financing of government debt) upon the overall economic, social, and institutional environment of a particular nation. This course is designed to provide students with the tools to analyze these public finance decisions and to have a better sense of the social implications of such decisions. Classwork begins by discussing fundamental problems of market economies and underlines situations that lead price economies to lead to inefficient outcomes. We then cover externalities, production and consumption of public goods, and consumption of common resources. Each of these sitations are associated with serious market failures, and potential merits and pitfalls of government intervention in these situations are discussed. We then make an introduction to political economy and talk about income and wealth distribution in a society in detail. The class ends with discussions on social security systems, tax incidence, and efficient taxation.
Learning Outcomes The students who succeeded in this course;
  • Will be able to explain common situations in which private markets produce inefficient outcomes.
  • Will be able to explain economic reasons for government intervention into the economy.
  • Will be able to explain the nature of public goods.
  • Will be able to explain tax classifications.
  • Will be able to identify fundamental reasons for income redistribution.
  • Will have detailed knowledge on the analyses of income distribution.
Course Description The course is designed to get students familiar with the tools and models of government intervention into the economy. Intermediate microeconomics would help the student grasp the subject matter more easily. Starting with the definition of public goods, externalities, different types of public expenditures, taxes and their effects on the economy will be analyzed during the course.

 



Course Category

Core Courses
Major Area Courses
X
Supportive Courses
Media and Management Skills Courses
Transferable Skill Courses

 

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week Subjects Related Preparation
1 Tools of normative analysis Rosen and Gayer, Chapter 3
2 Tools of normative analysis Rosen and Gayer, Chapter 3
3 Efficient production of public goods Rosen and Gayer, Chapter 4
4 Different types of public expenditures Rosen and Gayer, Various chapters
5 Externalities Rosen and Gayer, Chapter 5
6 Political economy, part I Rosen and Gayer, Chapter 6
7 Polıtıcal economy, part II Rosen and Gayer, Chapters 12, 13
8 Midterm exam
9 Income redistribution Rosen and Gayer, Chapter 14
10 Tax incidence Rosen and Gayer, Chapters 14, 15
11 Tax incidence and income distribution Rosen and Gayer, Chapter 11
12 Social security
13 Social security in Turkey
14 Review
15 Final exam
16 Review of the Semester  

 

Course Notes/Textbooks Public Finance (9th Edition), Harvey S. Rosen and Ted Gayer
Suggested Readings/Materials

 

EVALUATION SYSTEM

Semester Activities Number Weigthing
Participation
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
3
30
Presentation / Jury
Project
Seminar / Workshop
Oral Exams
Midterm
1
30
Final Exam
1
40
Total

Weighting of Semester Activities on the Final Grade
4
60
Weighting of End-of-Semester Activities on the Final Grade
1
40
Total

ECTS / WORKLOAD TABLE

Semester Activities Number Duration (Hours) Workload
Theoretical Course Hours
(Including exam week: 16 x total hours)
16
3
48
Laboratory / Application Hours
(Including exam week: '.16.' x total hours)
16
0
Study Hours Out of Class
16
2
32
Field Work
0
Quizzes / Studio Critiques
0
Portfolio
0
Homework / Assignments
3
6
18
Presentation / Jury
0
Project
0
Seminar / Workshop
0
Oral Exam
0
Midterms
1
20
20
Final Exam
1
30
30
    Total
148

 

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#
Program Competencies/Outcomes
* Contribution Level
1
2
3
4
5
1

To be able to acquire a sound knowledge of fundamental concepts, theories, principles and methods of investigation specific to the economic field.

X
2

To be able to apply adequate mathematical, econometric, statistical and data analysis models to process economic data and to implement scientific research for development of economic policies.

X
3

To be able to participate in academic, professional, regional, and global networks and to utilize these networks efficiently.

4

To be able to have adequate social responsibility with regards to the needs of the society and to organize the activities to influence social dynamics in line with social goals.

5

To be able to integrate the knowledge and training acquired during the university education with personal education and produce a synthesis of knowledge one requires.

6

To be able to evaluate his/her advance level educational needs and do necessary planning to fulfill those needs through the acquired capability to think analytically and critically.

7

To be able to acquire necessary skills to integrate social dynamics into economic process both as an input and an output.

X
8

To be able to link accumulated knowledge acquired during the university education with historical and cultural qualities of the society and be able to convey it to different strata of society.

9

To be able to take the responsibility as an individual and as a team member.

10

To be able to attain social, scientific and ethical values at the data collection, interpretation and dissemination stages of economic analysis.

X
11

To be able to collect data in economics and communicate with colleagues in a foreign language ("European Language Portfolio Global Scale", Level B1)

X
12

To be able to speak a second foreign at a medium level of fluency efficiently.

13

To be able to relate the knowledge accumulated throughout human history to their field of economics.

*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest

 


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