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Information
| Unit | INSTITUTE OF SOCIAL SCIENCES |
| PUBLIC FINANCE (MASTER) (WITH THESIS) | |
| Code | PF707 |
| Name | New Perspectives in Fiscal Policy |
| Term | 2025-2026 Academic Year |
| Term | Fall |
| 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. VOLKAN YURDADOĞ |
| Course Instructor |
The current term course schedule has not been prepared yet.
|
Course Goal / Objective
The aim of this course is to analyze the impact of the public sector on economic stability, growth, and income distribution through fiscal policy tools. Students will gain theoretical and practical knowledge of fiscal policy approaches from various economic schools of thought and their roles in times of economic crisis.
Course Content
This course covers fundamental fiscal policy tools such as public expenditures, taxation, budget balance, borrowing, and fiscal discipline. It discusses the functioning of fiscal policies in light of Keynesian, monetarist, new classical, and new Keynesian approaches. Topics also include automatic stabilizers, fiscal multipliers, fiscal policy in an open economy, fiscal sustainability, and Turkey’s fiscal policy practices.
Course Precondition
No prerequisites
Resources
Ulusoy, A., & Yılmaz, H. (2024). Maliye politikası: Kavram – teori – uygulama (6. Baskı). Seçkin Yayıncılık. Auerbach, A., & Kotlikoff, L. (1998). Dynamic Fiscal Policy. Cambridge University Press. Musgrave, R. A. & Musgrave, P. B. (1989). Public Finance in Theory and Practice. McGraw-Hill.
Notes
Türkiye Cumhuriyet Merkez Bankası ve Hazine ve Maliye Bakanlığı Raporları (güncel bütçe, borç ve mali görünüm analizleri) Atkinson, A. B. & Stiglitz, J. E. (2015). Lectures on Public Economics. TÜİK ve OECD Veri Tabanları – Mali göstergeler ve uluslararası karşılaştırmalar için.
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Analyzes fiscal policy instruments and their economic effects. |
| LO02 | Compares the approaches of different economic schools of thought to fiscal policy. |
| LO03 | Evaluates the role of fiscal policy during economic crises. |
| LO04 | Interprets the effectiveness of fiscal policy under open economy conditions. |
| LO05 | Critically examines fiscal policy practices in Turkey. |
| LO06 | Analyses the dynamics of fiscal sustainability and public debt |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | To have advanced theoretical and practical knowledge in the field of finance, economics and public policy | 4 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Makes comparative analyses of different schools of economics and fiscal approaches | 4 |
| PLO03 | Bilgi - Kuramsal, Olgusal | Analyses the discipline of finance from an interdisciplinary perspective by associating it with fields such as law, economics, public administration, business administration and accounting. | 3 |
| PLO04 | Bilgi - Kuramsal, Olgusal | Analyses the numerical and statistical data obtained in the field of Finance by using contemporary communication tools, methods and processes | 3 |
| PLO05 | Beceriler - Bilişsel, Uygulamalı | To be aware of the necessity of lifelong learning and to evaluate the current developments in the field | 3 |
| PLO06 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Leads academic or professional studies in the field of finance | |
| PLO07 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | To be able to produce effective solutions by transforming academic and professional knowledge into practical applications in the field of finance | |
| PLO08 | Yetkinlikler - Öğrenme Yetkinliği | Evaluates the legislation by being aware of the legal regulations related to financial events | |
| PLO09 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Uses the necessary level of computer software and information and communication technologies in the professional field | |
| PLO10 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | To be able to systematically transfer the original researches prepared in the field of finance to the groups in and out of the field in written, oral and visual form by using scientific research methods. | 3 |
| PLO11 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Uses Turkish and at least one foreign language in accordance with the requirements of academic life and business life | 2 |
| PLO12 | Yetkinlikler - Alana Özgü Yetkinlik | To have social, scientific and ethical values in the stages of collecting, interpreting and announcing the data related to the field of finance. | 4 |
| PLO13 | Yetkinlikler - Alana Özgü Yetkinlik | To be aware of social, scientific and professional ethical values and to act accordingly | 4 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Theoretical foundations and methodological approaches in fiscal policy | Related sections of the sources | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 2 | Fiscal policy in economic schools of thought: A comparative analysis | Related sections of the sources | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 3 | Fiscal policy and public choice: Normative and positive perspectives | Related sections of the sources | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 4 | Fiscal policy and macroeconomic stability: Dynamic modeling | Related sections of the sources | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 5 | Efficiency of public expenditures and implications for fiscal policy | Related sections of the sources | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 6 | Role of tax structure in fiscal policy | Related sections of the sources | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 7 | Budget deficits, debt sustainability, and Ricardian equivalence debates | Related sections of the sources | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 8 | Mid-Term Exam | Ölçme Yöntemleri: Yazılı Sınav |
|
| 9 | Automatic stabilizers and fiscal multipliers: Empirical evidence | Related sections of the sources | Öğretim Yöntemleri: Anlatım, Bireysel Çalışma |
| 10 | Causal links between fiscal policy and economic growth | Related sections of the sources | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 11 | Distributional effects of fiscal policy | Related sections of the sources | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 12 | Open economy and fiscal policy: Capital mobility and exchange rate regimes | Related sections of the sources | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Bireysel Çalışma |
| 13 | Institutional design, fiscal rules, and fiscal transparency | Related sections of the sources | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 14 | Evolution of fiscal policy in Turkey and current policy practices | Related sections of the sources | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 15 | Contemporary debates and trends in fiscal policy research | Related sections of the sources | Öğretim Yöntemleri: Anlatım, Tartışma |
| 16 | Term Exams | Ölçme Yöntemleri: Yazılı Sınav |
|
| 17 | Term Exams | Ölçme Yöntemleri: Yazılı Sınav |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 13 | 3 | 39 |
| 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) | 154 | ||
| Total Workload / 25 (h) | 6,16 | ||
| ECTS | 6 ECTS | ||