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Information
| Code | ECOS411 |
| Name | Economic Policy |
| Term | 2022-2023 Academic Year |
| Semester | 7. Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 5 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | İngilizce |
| Level | Lisans Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Doç. Dr. ERHAN İŞCAN |
| Course Instructor |
Doç. Dr. ERHAN İŞCAN
(A Group)
(Ins. in Charge)
|
Course Goal / Objective
The aim of the subject is to improve students' knowledge about setting levels of taxation, government budgets, money supply, as well as about labor market policy, income inequalities, national ownership, and many other areas of government interventions into the economy. The main focus is on contemporary issues of economic policy.
Course Content
The course will concentrate on selected important economic policy issues and relevant economic tools. It will treat the issues at a level appropriate for students with the knowledge of economics provided by the courses already taken.
Course Precondition
There are no prerequisites.
Resources
Agnès Bénassy-Quéré, Benoît Coeuré, Pierre Jacquet, Jean Pisani-Ferry, Economic Policy Theory and Practice
Notes
Mishkin, F. S. (2011). Macroeconomics: Policy and Practice (Pearson Series in Economics). Prentice Hall.
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Explain the purpose of Economic Policy |
| LO02 | Explain the economic policy tools |
| LO03 | understand Keynesian economics policy |
| LO04 | understand monetarist economics policy |
| LO05 | understand new classical economics policy |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Explain the basic concepts and theorems in the fields of Econometrics, Statistics and Operations research | |
| PLO02 | Bilgi - Kuramsal, Olgusal | Acquires basic Mathematics, Statistics and Operation Research concepts | |
| PLO03 | Bilgi - Kuramsal, Olgusal | Describes the necessary concepts of Business | |
| PLO04 | Beceriler - Bilişsel, Uygulamalı | Equipped with the foundations of Economics, and develops Economic models | 5 |
| PLO05 | Beceriler - Bilişsel, Uygulamalı | Models problems with Mathematics, Statistics, and Econometrics | |
| PLO06 | Beceriler - Bilişsel, Uygulamalı | Has the ability to analyze/interpret at the conceptual level to develop solutions to problems | 5 |
| PLO07 | Beceriler - Bilişsel, Uygulamalı | Collects/analyses data | |
| PLO08 | Bilgi - Kuramsal, Olgusal | Interprets the results analyzed with the model | 3 |
| PLO09 | Beceriler - Bilişsel, Uygulamalı | Combines the information obtained from different sources within the framework of academic rules in a field which does not research | |
| PLO10 | Beceriler - Bilişsel, Uygulamalı | It develops traditional approaches, practices and methods into new working methods when it deems necessary | |
| PLO11 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Leads by taking responsibility individually and/or within the team | |
| PLO12 | Yetkinlikler - Öğrenme Yetkinliği | In addition to herself/himself professional development, constantly improves in scientific, cultural, artistic and social fields in line with interests and abilities | |
| PLO13 | Yetkinlikler - Öğrenme Yetkinliği | Being aware of the necessity of lifelong learning, it follows the current developments in the field / constantly renews itself | |
| PLO14 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Uses a package program of Econometrics, Statistics, and Operation Research | |
| PLO15 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Uses Turkish and at least one other foreign language, academically and in the business context | |
| PLO16 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Interprets the feelings, thoughts and behaviors of the related persons correctly/expresses himself/herself correctly in written and verbal form | |
| PLO17 | Yetkinlikler - Alana Özgü Yetkinlik | Interprets data on current economic and social issues | 5 |
| PLO18 | Yetkinlikler - Alana Özgü Yetkinlik | Applies social, scientific and professional ethical values |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Definition of economic policy - relationship between theory and practice use; formulation of goals of economic policy, subjects, instruments, restrictions etc. | Reading the Textbook | Öğretim Yöntemleri: Anlatım |
| 2 | Definition of economic policy - relationship between theory and practice use; formulation of goals of economic policy, subjects, instruments, restrictions etc.-2 | Reading the Textbook | Öğretim Yöntemleri: Anlatım |
| 3 | Macroeconomic policy.Fiscal policy - instruments and their use, government budget, deficit and methods of solving it, public debt-1 | Reading the Textbook | Öğretim Yöntemleri: Anlatım |
| 4 | Macroeconomic policy. Monetary policy - independence of central bank, modes of monetary policy, instruments of monetary policy and its use. | Reading the Textbook | Öğretim Yöntemleri: Anlatım |
| 5 | Macroeconomic policy. Economic policy in open economy - instruments, its use, balance of payment. | Reading the Textbook | Öğretim Yöntemleri: Anlatım |
| 6 | Policies in between of macroeconomic, microeconomic and social policy. Labour policy - market failures on labour market, active and passive labour policy. | Reading the Textbook | Öğretim Yöntemleri: Anlatım |
| 7 | Microeconomic policy. Anti-trust policy - definition of relevant market, selected market failures, microeconomic aspects of market barriers. | Reading the Textbook | Öğretim Yöntemleri: Anlatım |
| 8 | Mid-Term Exam | Exam | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Social policy. Definition of social policy (broader and narrower), its role in economy, types of social policy. | Reading the Textbook | Öğretim Yöntemleri: Anlatım |
| 10 | Social policy. Policy of social security - systems of social insurance, state relief of the poor and social services. | Reading the Textbook | Öğretim Yöntemleri: Anlatım |
| 11 | Other selected policies with heavy impact on economy. Health policy - its aims, instruments and significance for the economy-1 | Reading the Textbook | Öğretim Yöntemleri: Anlatım |
| 12 | Other selected policies with heavy impact on economy. Education policy - its aims, instruments and significance for the economy. | Reading the Textbook | Öğretim Yöntemleri: Anlatım |
| 13 | Economic policy interdisciplinarity and relationship between types of economic policy. The role of regions and connection with supranational organisations. | Reading the Textbook | Öğretim Yöntemleri: Anlatım |
| 14 | Discussion of Turkish Economic Policies-1 | Reading the Textbook | Öğretim Yöntemleri: Anlatım |
| 15 | Discussion of Turkish Economic Policies-2 | Reading the Textbook | Öğretim Yöntemleri: Anlatım |
| 16 | Term Exams | Reading the Textbook | Ölçme Yöntemleri: Yazılı Sınav |
| 17 | Term Exams-2 | Reading the Textbook | 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 | 3 | 42 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 0 | 0 | 0 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 12 | 12 |
| Final Exam | 1 | 18 | 18 |
| Total Workload (Hour) | 114 | ||
| Total Workload / 25 (h) | 4,56 | ||
| ECTS | 5 ECTS | ||