BAHÇEŞEHİR UNIVERSITY BİLGİ PAKETİ / DERS KATALOĞU
| ECONOMICS AND FINANCE | |||||
| 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 | Fall | 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) | Build up a body of knowledge in mathematics and statistics, to use them, to understand how the mechanism of economy –both at micro and macro levels – works. | 3 |
| 2) | Understand the common as well as distinctive characters of the markets, industries, market regulations and policies. | 4 |
| 3) | Develop an awareness of different approaches to the economic events and why and how those approaches have been formed through the Economic History and understand the differences among those approaches by noticing at what extent they could explain the economic events. | 2 |
| 4) | Analyze the interventions of politics to the economics and vice versa. | 4 |
| 5) | Apply the economic analysis to everyday economic problems and evaluate the policy proposals for those problems by comparing opposite approaches. | 4 |
| 6) | Understand current and new economic events and how the new approaches to the economics are formed and evaluating. | 5 |
| 7) | Develop the communicative skills in order to explain the specific economic issues/events written, spoken and graphical form. | 3 |
| 8) | Know how to formulate the economics problems and issues and define the solutions in a well-formed written form, which includes the hypothesis, literature, methodology and results / empirical evidence. | 1 |
| 9) | Demonstrate the quantitative and qualitative capabilities and provide evidence for the hypotheses and economic arguments. | 3 |
| 10) | Understand the information and changes related to the economy by using a foreign language and communicate with colleagues. | 3 |