MATHEMATICS
Bachelor	TR-NQF-HE: Level 6	QF-EHEA: First Cycle	EQF-LLL: Level 6

Course Introduction and Application Information

Course Code	Course Name	Semester	Theoretical	Practical	Credit	ECTS
ECO2244	Public Finance	Spring	3	0	3	6

This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester.

Basic information

Language of instruction:	English
Type of course:	Departmental Elective
Course Level:	Bachelor’s Degree (First Cycle)
Mode of Delivery:	Hybrid
Course Coordinator :	Assoc. Prof. OZAN BAKIŞ
Course Lecturer(s):	Assoc. Prof. OZAN BAKIŞ
Recommended Optional Program Components:	None
Course Objectives:	This course is about the role of the government in the economy. The goal is to provide necessary theoretical tools to understand the reasons for government intervention in the economy, its consequences while taking into account the response of economic agents to the government’s actions. The course focuses on social insurance programs, public goods, equity-efficiency trade-off, and the effect of taxes on consumption and production decisions.

Learning Outcomes

The students who have succeeded in this course;
1. Why public intervention in the market economy is necessary?
2. Efficiency of taxes and subsidies and their effects on social welfare
3. What is public good and how supply and demand of public goods are shaped?
4. Externalities
5. Social security and other social insurance programs

Course Content

The role and size of the public sector, The rationale for public sector, Interventions in case of market failure and distributional concerns, Tax incidence, Economic efficiency and taxation, Externalities, Public goods, Social insurance - basic theory, Social insurance and information asymmetry.

Weekly Detailed Course Contents

Week	Subject	Related Preparation
1)	Role of the government in the economy
2)	Place of the government in the economy: Turkey - OECD comparison
3)	Working with supply and demand: taxes and subsidies
4)	Economic efficiency and social welfare
5)	Empirical tools
6)	Tax incidence
7)	Taxation and economic efficiency
8)	Optimal taxation
9)	Externalities
10)	Public goods: Basic theory
11)	Public goods: Political economy
12)	Social Security: Basic theory
13)	Social insurance: Information asymmetry
14)	Review

Sources

Course Notes / Textbooks:	Public Finance and Public Policy by Jonathan Gruber (2012), Worth Publishers; 4th edition.
References:

Evaluation System

Semester Requirements	Number of Activities	Level of Contribution
Midterms	1	% 50
Final	1	% 50
Total		% 100
PERCENTAGE OF SEMESTER WORK		% 50
PERCENTAGE OF FINAL WORK		% 50
Total		% 100

ECTS / Workload Table

Activities	Number of Activities	Duration (Hours)	Workload
Course Hours	3	16	48
Study Hours Out of Class	13	4	52
Midterms	1	15	15
Final	1	24	24
Total Workload			139

Contribution of Learning Outcomes to Programme Outcomes

No Effect	1 Lowest	2 Low	3 Average	4 High	5 Highest

	Program Outcomes	Level of Contribution
1)	To have a grasp of basic mathematics, applied mathematics and theories and applications in Mathematics
2)	To be able to understand and assess mathematical proofs and construct appropriate proofs of their own and also define and analyze problems and to find solutions based on scientific methods,
3)	To be able to apply mathematics in real life with interdisciplinary approach and to discover their potentials,
4)	To be able to acquire necessary information and to make modeling in any field that mathematics is used and to improve herself/himself,
5)	To be able to tell theoretical and technical information easily to both experts in detail and non-experts in basic and comprehensible way,
6)	To be familiar with computer programs used in the fields of mathematics and to be able to use at least one of them effectively at the European Computer Driving Licence Advanced Level,
7)	To be able to behave in accordance with social, scientific and ethical values in each step of the projects involved and to be able to introduce and apply projects in terms of civic engagement,
8)	To be able to evaluate all processes effectively and to have enough awareness about quality management by being conscious and having intellectual background in the universal sense,
9)	By having a way of abstract thinking, to be able to connect concrete events and to transfer solutions, to be able to design experiments, collect data, and analyze results by scientific methods and to interfere,
10)	To be able to continue lifelong learning by renewing the knowledge, the abilities and the competencies which have been developed during the program, and being conscious about lifelong learning,
11)	To be able to adapt and transfer the knowledge gained in the areas of mathematics ; such as algebra, analysis, number theory, mathematical logic, geometry and topology to the level of secondary school,
12)	To be able to conduct a research either as an individual or as a team member, and to be effective in each related step of the project, to take role in the decision process, to plan and manage the project by using time effectively.