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Information
| Code | PF806 |
| Name | Fiscal Policy Analysis (Z) |
| Term | 2024-2025 Academic Year |
| Semester | . Semester |
| Duration (T+A) | 4-0 (T-A) (17 Week) |
| ECTS | 8 ECTS |
| National Credit | 4 National Credit |
| Teaching Language | Türkçe |
| Level | Doktora Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator |
Course Goal / Objective
The main purpose of this course is to examine the fiscal policies implemented in the national and global context, to analyze and evaluate the implementation and results in transition economies, developed and developing countries.
Course Content
In this course, the aims, instruments, types of fiscal policy and what kind of fiscal policy should be used to achieve economic, social and other purposes, its effectiveness in closed and open economies will be discussed in comparison with monetary policy. In addition, the characteristics of the fiscal policies of Turkey, transition economies and other countries will be presented and comparisons will be made.
Course Precondition
There is no prerequisite for this course.
Resources
T. Addison, A. Roei Fiscal Policy for Development : Poverty, Reconstruction and Growth, Palgrave MacMillan, 2006
Notes
B. Ataç, Maliye Politikası, Turan Yayınevi, 2016. B. Hansen, The Economic Theory of Fiscal Policy, Psychology Press, 2003
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Explain the theoretical foundations of the state's intervention in the economy and fiscal policy. |
| LO02 | Can interpret economic fluctuations, keynesian and monetarist stabilization policies |
| LO03 | Evaluate fiscal policy in times of inflation, recession and crisis. |
| LO04 | Discuss the effectiveness of monetary and fiscal policies |
| LO05 | Evaluates the role of fiscal policy in achieving economic stability and development |
| LO06 | Evaluates the economic problems brought about by globalization. |
| LO07 | Can analyze fiscal policies in Turkey. |
| LO08 | Can analyze fiscal policies in other countries |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Belirsiz | Has basic conceptual knowledge about the field, in a way to comprehend the relationship between them in terms of theory and practice. | 4 |
| PLO02 | Belirsiz | Can interpret and use advanced knowledge of finance theory, financial law, financial economics, budget and financial planning, which should be required by experts and researchers required by the public and private sectors. | 5 |
| PLO03 | Belirsiz | Can convey the current developments in the field of finance and the studies she has prepared to groups in and outside her field, in writing, orally and visually. | 4 |
| PLO04 | Belirsiz | Can analyze the problems encountered in the field of finance by synthesizing them with the information obtained from the field and different disciplines and evaluate the results. | 5 |
| PLO05 | Belirsiz | It can independently carry out and publish studies related to the field of finance. | 3 |
| PLO06 | Belirsiz | Follows national and international publications related to her field. | 5 |
| PLO07 | Belirsiz | It acts in accordance with social, cultural, scientific and ethical values in the process of creating knowledge and experience in the field (collecting, interpreting and announcing the results). | 5 |
| PLO08 | Belirsiz | She/He has the knowledge of mastering the basic theories in her field and preparing works in accordance with academic rules based on the information. | 3 |
| PLO09 | Belirsiz | Uses advanced information and communication technologies along with computer software at the level required by the field. | 4 |
| PLO10 | Belirsiz | Has sufficient awareness of social rights, environmental protection, quality and cultural values, and occupational health and safety. | 3 |
| PLO11 | Belirsiz | It analyzes the policy proposals that can be applied against economic and financial problems in the context of fiscal policy (income, expenditure and borrowing) and offers solutions. | 3 |
| PLO12 | Belirsiz | Has the ability to effectively use at least one foreign language related to her field and to follow the foreign literature. | 4 |
| PLO13 | Belirsiz | Using the theoretical and legal knowledge about the taxation process, they can analyze the functioning of tax systems and interpret them by comparing different systems. | 4 |
| PLO14 | Belirsiz | Being aware of the role of the public sector in economic life in the globalization process, they can develop solutions to international financial problems. | 3 |
| PLO15 | Belirsiz | Sets a vision and target for the organization/institution related to the field of study. | 3 |
| PLO16 | Belirsiz | Appropriate responsibilities are assumed as a coordinator or participant in a project related to his/her field. | 3 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | State Intervention in the Economy and Fiscal Policy: Theoretical Foundations | Relevant sections of specified books and articles | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma, Bireysel Çalışma, Beyin Fırtınası |
| 2 | Relationship of Fiscal Policy with Other Economic Policy Instruments | Relevant sections of specified books and articles | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma, Beyin Fırtınası, Bireysel Çalışma |
| 3 | Automatic Stabilizers | Relevant sections of specified books and articles | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma, Beyin Fırtınası, Bireysel Çalışma |
| 4 | Economic Fluctuations, Keynesian and Monetarist Stability Policies and Fiscal Policy | Relevant sections of specified books and articles | Öğretim Yöntemleri: Tartışma, Anlatım, Soru-Cevap, Beyin Fırtınası, Bireysel Çalışma |
| 5 | Rational Expectations and Stability Policy: New Classical and New Keynesian Approaches | Relevant sections of specified books and articles | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma, Beyin Fırtınası, Bireysel Çalışma |
| 6 | Inflation and Unemployment, Combating Inflation and Fiscal Policy | Relevant sections of specified books and articles | Öğretim Yöntemleri: Tartışma |
| 7 | Recessions, Financial Crises and Fiscal Policy | Relevant sections of specified books and articles | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma, Beyin Fırtınası, Bireysel Çalışma |
| 8 | Midterm Exam | Ölçme Yöntemleri: Ödev |
|
| 9 | Budget Deficits, Inflation and Deficit Financing | Relevant sections of specified books and articles | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma, Beyin Fırtınası, Bireysel Çalışma |
| 10 | Effectiveness of Monetary and Fiscal Policies: Mixed Policy | Relevant sections of specified books and articles | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma, Beyin Fırtınası, Bireysel Çalışma |
| 11 | The Intersection Point of Monetary and Fiscal Policies: Inflationary Financing Policy | Relevant sections of specified books and articles | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Beyin Fırtınası, Bireysel Çalışma, Tartışma |
| 12 | Friedman's Rule, Optimal Seigniorage Theory and Olivera-Tanzi Effect in Monetary Policy | Relevant sections of specified books and articles | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma, Beyin Fırtınası, Bireysel Çalışma |
| 13 | Analysis of Fiscal Policies in Turkey: The Period Before 1980 | Relevant sections of specified books and articles | Öğretim Yöntemleri: Tartışma, Anlatım, Soru-Cevap, Beyin Fırtınası, Bireysel Çalışma |
| 14 | Opening of Turkish Economy, Crises and Implemented Fiscal Policies | Relevant sections of specified books and articles | Öğretim Yöntemleri: Tartışma |
| 15 | Comparison of fiscal policies implemented in transition economies, developing countries and Turkey | Relevant sections of specified books and articles | Öğretim Yöntemleri: Tartışma, Anlatım, Soru-Cevap, Beyin Fırtınası, Bireysel Çalışma |
| 16 | Final exam | Ölçme Yöntemleri: Yazılı Sınav, Ödev |
|
| 17 | Final exam | Ölçme Yöntemleri: Yazılı Sınav, Ödev |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 4 | 56 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 8 | 112 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 2 | 4 | 8 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 12 | 12 |
| Final Exam | 1 | 24 | 24 |
| Total Workload (Hour) | 212 | ||
| Total Workload / 25 (h) | 8,48 | ||
| ECTS | 8 ECTS | ||