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MLY6988 | Fiscal Policy Analysis | 3+0+0 | ECTS:7.5 | Year / Semester | Fall Semester | Level of Course | Third Cycle | Status | Elective | Department | DEPARTMENT of PUBLIC FINANCE | Prerequisites and co-requisites | None | Mode of Delivery | | Contact Hours | 14 weeks - 3 hours of lectures per week | Lecturer | Doç. Dr. Nagihan BİRİNCİ | Co-Lecturer | Prof. Dr. Levent Yahya ESER | Language of instruction | Turkish | Professional practise ( internship ) | None | | The aim of the course: | To provide the ability to use the basic conceptual and theoretical knowledge of fiscal policy and to interpret the implemented fiscal policies. To provide the knowledge and skills to examine the fiscal policies implemented in national and global contexts, to analyze and evaluate their implementation and results in developed and developing countries. |
Programme Outcomes | CTPO | TOA | Upon successful completion of the course, the students will be able to : | | | PO - 1 : | To be able to explain the theoretical basis of state intervention in the economy and fiscal policy; | | 1, | PO - 2 : | To be able to evaluate fiscal policy in periods of inflation, recession and crisis; | | 1, | PO - 3 : | To be able to discuss the effectiveness of monetary and fiscal policies; | | 1, | PO - 4 : | Ability to analyze fiscal policies in Türkiye and other countries; | | 1, | CTPO : Contribution to programme outcomes, TOA :Type of assessment (1: written exam, 2: Oral exam, 3: Homework assignment, 4: Laboratory exercise/exam, 5: Seminar / presentation, 6: Term paper), PO : Learning Outcome | |
In this course, the objectives, tools, types of fiscal policy and how to use fiscal policy to achieve economic, social and other goals, its effectiveness in closed and open economies, and its comparison with monetary policy will be discussed. In addition, the characteristics of fiscal policies of Turkey, transition economies and other countries will be revealed and comparisons will be made. |
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Course Syllabus | Week | Subject | Related Notes / Files | Week 1 | State Intervention in the Economy and Fiscal Policy: Theoretical Foundations | | Week 2 | The Relationship of Fiscal Policy with Other Economic Policy Tools | | Week 3 | Automatic Stabilizers | | Week 4 | Economic Fluctuations, Keynesian and Monetarist Stabilization Policies and Fiscal Policy | | Week 5 | Rational Expectations and Stabilization Policy: New Classical and New Keynesian Approaches | | Week 6 | Inflation and Unemployment, Fighting Inflation and Fiscal Policy | | Week 7 | Recessions, Financial Crises and Fiscal Policy | | Week 8 | Budget Deficits, Inflation and Financing of Deficits | | Week 9 | Mid-term exam | | Week 10 | The Effectiveness of Monetary and Fiscal Policies: Mixed Policy | | Week 11 | The Intersection of Monetary and Fiscal Policies: Inflationary Financing Policy | | Week 12 | Friedman Rule, Optimal Seigniorage Theory and Olivera-Tanzi Effect in Monetary Policy | | Week 13 | Analysis of Fiscal Policies in Turkey: Pre-1980 Period | | Week 14 | Opening up of the Turkish Economy to the Outside World, Crises and Implemented Fiscal Policies | | Week 15 | Evaluation of the 2008 Global Financial Crisis and Post-Current Developments in Terms of Fiscal Policy | | Week 16 | End-of-term exam | | |
1 | Abuzer Pınar, Maliye Politkası, 11. Baskı, turhan Kitabevi, Ankara. | | |
1 | N. Gregory Mankiw, Makroekonomi, Çev. Ed. Ömer Faruk Çolak, Eflatun Yayınevi, Ankara, 2009. | | 2 | Mircan Tokatlıoğlu, Ufuk Selen; Maliye Politikası, Ekin Yayınevi, Bursa, 2017. | | |
Method of Assessment | Type of assessment | Week No | Date | Duration (hours) | Weight (%) | Mid-term exam | 9 | 23/11/2024 | 1 | 30 | In-term studies (second mid-term exam) | 14 | 05/01/2025 | 1 | 20 | End-of-term exam | 16 | 27/01/2025 | 1 | 50 | |
Student Work Load and its Distribution | Type of work | Duration (hours pw) | No of weeks / Number of activity | Hours in total per term | Yüz yüze eğitim | 6 | 14 | 84 | Sınıf dışı çalışma | 5 | 14 | 70 | Arasınav için hazırlık | 6 | 4 | 24 | Arasınav | 1 | 1 | 1 | Ödev | 1 | 5 | 5 | Dönem sonu sınavı için hazırlık | 6 | 5 | 30 | Dönem sonu sınavı | 1 | 1 | 1 | Diğer 2 | 10 | 1 | 10 | Total work load | | | 225 |
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