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| MLY3007 | Public Economics | 3+0+0 | ECTS:4 | | Year / Semester | Fall Semester | | Level of Course | First Cycle | | Status | Elective | | Department | DEPARTMENT of ECONOMICS | | 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. Birol KARAKURT | | Language of instruction | Turkish | | Professional practise ( internship ) | None | | | | The aim of the course: | | The aim of this course; To reveal the reasons for the intervention of the public sector in the economy, to give the basic concepts of public economics and to enable the student to analyze within the framework of these concepts and theoretical knowledge. |
| Learning Outcomes | CTPO | TOA | | Upon successful completion of the course, the students will be able to : | | | | LO - 1 : | Understand of marked and public economics process.
| 1,6 | 1, | | LO - 2 : | Comprehend marked failure and economic rationale of the state.
| 1,6 | 1, | | LO - 3 : | Analyze of public intervention to marked economy.
| 1,6 | 1, | | LO - 4 : | Analyze of public intervention outcomes.
| 1,6 | 1, | | LO - 5 : | Analyze the economic effects of taxes.
| 1,6 | 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), LO : Learning Outcome | | |
| Introduction to public economics, General equilibrium and welfare economics. Market failure and rational for government intervention. Theory of public goods: efficiency provision of public goods, solution to free rider problem. Private provision of public goods. Externalities: positive and negative externalities and solutions of externalities which is public and market solutions, Dynamics of new changes in the world and public economics: economics and the others changes. Resource allocation mechanism for public goods/optimal allocation of public goods: voting models, When does majority rule supply public goods efficiency? Cost-benefit analysis. Theory of taxation: the effects of taxes. |
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| Course Syllabus | | Week | Subject | Related Notes / Files | | Week 1 | What the public sector is about and functions of public economy | | | Week 2 | The share of the public sector in the economy | | | Week 3 | Theoretical approaches to the state-economy relationship | | | Week 4 | Welfare economics | | | Week 5 | Market Failures | | | Week 6 | Public goods | | | Week 7 | Financing of public goods | | | Week 8 | Externalities
| | | Week 9 | Mid-term exam | | | Week 10 | Solutions to externalities | | | Week 11 | Asymmetric information | | | Week 12 | Natural monopoly | | | Week 13 | Cost benefit analysis in the public sector | | | Week 14 | Decision-making in public sector | | | Week 15 | Economic analysis of taxation | | | Week 16 | End-of-term exam | | | |
| 1 | Savaşan, F.,2021; Kamu Ekonomisi, Ekin Yayınevi, 10. Baskı, Bursa | | | |
| 1 | Kirmanoğlu, H. 2009; Kamu Ekonomisi Analizi, Beta Yayınevi, 5. baskı, İstanbul | | | |
| Method of Assessment | | Type of assessment | Week No | Date | Duration (hours) | Weight (%) | | Mid-term exam | 9 | 01/12/2023 | 1 | 50 | | End-of-term exam | 16 | 26/01/2024 | 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 | 3 | 14 | 42 | | Sınıf dışı çalışma | 2 | 14 | 28 | | Arasınav için hazırlık | 6 | 3 | 18 | | Arasınav | 1 | 1 | 1 | | Dönem sonu sınavı için hazırlık | 6 | 5 | 30 | | Dönem sonu sınavı | 1 | 1 | 1 | | Total work load | | | 120 |
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