| Week |
Subject |
Related Preparation |
| 1) |
Giriş ve terminology |
|
| 2) |
Terminology, definion of fiscal variables and basic notions of fiscal policy |
Article: Feldstein, F. (2009)Rethinking the Role of Fiscal Policy, NBER
WP14684 |
| 3) |
Intertemporal Government Budget Constraint,
Current versus Future Taxation
|
Debt Stabilization Article: Romer, D.(2011) What Have We Learned about Fiscal Policy from the Crisis?, IMF Conference Paper |
| 4) |
Reminder of effects of fiscal policy over key macroeconomic variables, Ricardian Equivalence, Deficit, output stabilisation and the cyclically adjusted deficit,
Ricardian Fiscal Policy and Fiscal Dominance.
|
Article: Taylor, J.(2009), The Lack of an Empirical Rationale for a Revival of Discretionary Fiscal Policy, American Economic Review, Papers and Proceedings |
| 5) |
The dangers of very high debt, U.S. and Turkey budget: Current numbers and future prospects, Medium-Run budget projections, long-run challenges |
|
| 6) |
Government spending and its financing in U.S. and Turkey, The government budget in U.S. and Turkey, Government spending, taxes and the macroeconomy (review) |
Leeper, E. (2011) What should Obama do?, Inside Story |
| 7) |
Government Capital Formation, Incentive Effects of Fiscal Policy, Tax-induced distortions and tax rate smoothing. |
|
| 8) |
Numerical exercises |
|
| 9) |
Government deficit and debt, the burden of the government debt on future generations, budget deficit and national saving: Ricardian equivalence revisited.
|
Leeper, E. (2011) American Incoherence, The Age |
| 10) |
Deficits and inflation, Real seignorage collection and inflation |
Bernanke, B. (2017), The FED and The Fiscal Policy, Brookings blog-post |
| 11) |
Incentive Effects of Fiscal Policy: Labor Market |
|
| 12) |
Fiscal policy and climate change |
|
| 13) |
Green bond market |
|
| 14) |
Data-based analysis of fiscal policy: Turkish case |
|
| |
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. |
3 |
| 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. |
4 |
| 4) |
Analyze the interventions of politics to the economics and vice versa. |
3 |
| 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. |
4 |
| 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. |
3 |
| 9) |
Demonstrate the quantitative and qualitative capabilities and provide evidence for the hypotheses and economic arguments. |
5 |
| 10) |
Understand the information and changes related to the economy by using a foreign language and communicate with colleagues. |
3 |
BAHÇEŞEHİR UNIVERSITY BİLGİ PAKETİ / DERS KATALOĞU
