TÜRKÇE
ENGLISH
Information
| Code | İKT708 |
| Name | Economic Policy |
| Term | 2023-2024 Academic Year |
| Term | Fall and Spring |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 6 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | Türkçe |
| Level | Yüksek Lisans Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. HAKKI ÇİFTÇİ |
| Course Instructor |
1 |
Course Goal / Objective
The aim of this course is to introduce the fluctuations in short-term and long-term trend of economic growth, unemployment, inflation, the basic macroeconomic approaches of public and external deficits , economic policy objectives and to define the economic policy tools relevant to these goals.
Course Content
This course consists of the definition and concepts of economic policy, economic policy and public institutions, economic policy and international organizations, the purpose and objectives of economic policy , economic policy tools, decision-making methods, alternative approaches to economic policy, Classical, Keynesian, monetarist, New Classical, New Keynesian.
Course Precondition
In order to develop the economic alphabet and related readings that can dominate Economic Policy, it is necessary to reach a level that can understand, explain and interpret economic concepts such as introductory economics course, micro and macro course.
Resources
A Monetary and Fiscal History of the United States, 1961–2021-Alan S. Blinder
Notes
A Monetary and Fiscal History of the United States, 1961–2021-Alan S. Blinder
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Specifies the role of the market economy, the price advantage of the event. |
| LO02 | Applies the methods of economic analysis. |
| LO03 | Takes responsibility individually and / or in a team,leads a team and works effectively |
| LO04 | Builds, decodes and interprets models by using quantitative and qualitative techniques |
| LO05 | Learns the basic concepts and topics of economics. |
| LO06 | Establishes a connection between the objectives and instruments of economic policy. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Gains expertise in economics. | 5 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Specifies the role of the market economy, the price advantage of the event. | 4 |
| PLO03 | Bilgi - Kuramsal, Olgusal | Explains basic macroeconomic problems such as unemployment, inflation, current account deficit and policies to solve these problems based on scientific sources. | |
| PLO04 | Bilgi - Kuramsal, Olgusal | Faces with challenges, produces a numerical and policy options. | |
| PLO05 | Bilgi - Kuramsal, Olgusal | Builds, decodes and interprets models by using quantitative and qualitative techniques | |
| PLO06 | Bilgi - Kuramsal, Olgusal | Learning the application of programme packages like SAS, RATS, SPSS, TSP, Win BUGS, EViews, etc to do analyses of empirical data. | |
| PLO07 | Bilgi - Kuramsal, Olgusal | Uses the theory of economics in analyzing the economic events | 4 |
| PLO08 | Bilgi - Kuramsal, Olgusal | Acquires the ability of analyzing in the conceptual level ,compares interprets, evaluates and synthesizes ideas in order to develop solutions to the problems. | 5 |
| PLO09 | Bilgi - Kuramsal, Olgusal | Takes responsibility individually and / or in a team,leads a team and works effectively | 3 |
| PLO10 | Bilgi - Kuramsal, Olgusal | With the awareness of the necessity of life-long learning, follows the latest developments about his field and improves himself | |
| PLO11 | Bilgi - Kuramsal, Olgusal | Speaks Turkish, and at least one other foreign language in accordance with the requirements of academic and business life. | |
| PLO12 | Bilgi - Kuramsal, Olgusal | Questions traditional approaches, implementations, and methods ;develops and practises alternative study programs when required | |
| PLO13 | Beceriler - Bilişsel, Uygulamalı | Knows where and how to find all scientific resources and data to do her research. | 5 |
| PLO14 | Beceriler - Bilişsel, Uygulamalı | Understands the necessity and importance of research in social sciences. | 5 |
| PLO15 | Beceriler - Bilişsel, Uygulamalı | Understands the relationship between economics and other branches of science. | |
| PLO16 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Expresses himself/herself accurately, both orally and in writing. | |
| PLO17 | Yetkinlikler - Öğrenme Yetkinliği | Recognize and apply social, scientific and professional ethical values. | 5 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | The basic concepts and principles of economic policy | Reading course books and the notes | Öğretim Yöntemleri: Anlatım |
| 2 | Determination and Application of economic policy | Reading course books and the notes | Öğretim Yöntemleri: Anlatım |
| 3 | Diversity of Economic Policy | Reading course books and the notes | Öğretim Yöntemleri: Anlatım |
| 4 | Delays in the application of politics | Reading course books and the notes | Öğretim Yöntemleri: Anlatım |
| 5 | Main purposes of economic policy | Reading course books and the notes | Öğretim Yöntemleri: Anlatım |
| 6 | Main tools of economic policy | Reading course books and the notes | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 7 | The efficiency of the tools and the factors determining efficiency | Reading course books and the notes | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 8 | Mid-Term Exam | mid-term exam | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Economic Policy and Macro Theories:Basic Concepts | Reading course books and the notes | Öğretim Yöntemleri: Anlatım |
| 10 | Classical Macro Theory and Economic Policy | Reading course books and the notes | Öğretim Yöntemleri: Anlatım |
| 11 | Keynesian Macro Theory and Economic Policy | Reading course books and the notes | Öğretim Yöntemleri: Anlatım, Beyin Fırtınası |
| 12 | Monetary Macro Theory and Economic Policy | Reading course books and the notes | Öğretim Yöntemleri: Anlatım |
| 13 | Rational Expectations Theory and Economic Policy | Reading course books and the notes | Öğretim Yöntemleri: Anlatım |
| 14 | Supply-side Economics and Economic Policy | Reading course books and the notes | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 15 | General Evaluation | Reading course books and the notes | Öğretim Yöntemleri: Alıştırma ve Uygulama |
| 16 | Term Exams | Final Exam | Öğretim Yöntemleri: Soru-Cevap |
| 17 | Term Exams | Final Exam | Ölçme Yöntemleri: Yazılı Sınav, Sözlü 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 | 5 | 70 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 0 | 0 | 0 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 15 | 15 |
| Final Exam | 1 | 30 | 30 |
| Total Workload (Hour) | 157 | ||
| Total Workload / 25 (h) | 6,28 | ||
| ECTS | 6 ECTS | ||