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| MLY4004 | Fiscal Policy | 3+0+0 | ECTS:4 | | Year / Semester | Spring 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 | Prof. Dr. Birol KARAKURT | | Co-Lecturer | Prof. Dr. Levent Yahya ESER | | Language of instruction | Turkish | | Professional practise ( internship ) | None | | | | The aim of the course: | | The aim of this course is to give general information about the application of fiscal policy and fiscal policy, economic growth and stability is to explain how benefited. |
| Learning Outcomes | CTPO | TOA | | Upon successful completion of the course, the students will be able to : | | | | LO - 1 : | describe the basic concepts of fiscal policy | 1,2,6 | 1, | | LO - 2 : | expansionary and contractionary fiscal policy to explain the differences | 1,2,6 | 1, | | LO - 3 : | Predict the various effects of the economic and social aspects of fiscal policy | 1,2,6 | 1, | | LO - 4 : | evaluate the effects of long-term budget deficits | 1,2,6 | 1, | | LO - 5 : | summarize the relationship between fiscal policy and political approaches | 1,2,6 | 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 | | |
| Fiscal policy: some definitions, objectives and tools, the effects of fiscal policy. Discussions on the effectiveness of fiscal policy: Classical approach, Keynesian Approach, Monetarist approach, the supply-side approach, a new approach to classical and new Keynesian approach. Fiscal policy and national income balance: the multiplier-accelerating model, the income multiplier, spending multiplier, balanced budget multiplier. Relative effectiveness of open and closed economy, monetary and fiscal policies. Active in ensuring economic stability / fiscal policy of automatic and voluntary. Inflation and fiscal policy. Recession and fiscal policy: the causes of recession, fiscal policy against recession. Stagflation and fiscal policy. The budget deficit problem and fiscal policy. Fiscal policy and ensure economic development. Economic stability and fiscal policy: The case of Turkey. |
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| Course Syllabus | | Week | Subject | Related Notes / Files | | Week 1 | Relation between Fiscal Policy and Economic Policy | | | Week 2 | Objectives of Fiscal Policy and Economic Policy Objectives and Fiscal Policy Tools | | | Week 3 | Economic Thought and Fiscal Policy of Fiscal Policy and Fiscal Policy Monetarizim Keynesian and Classical Releases | | | Week 4 | Economic Thought and Fiscal Policy-I of Fiscal Policy and Fiscal Policy Monetarizim Keynesian and Classical Releases | | | Week 5 | National Income Multiplier Balanced Budget and Fiscal Policy Fiscal Policy Multipliers | | | Week 6 | Effectiveness of Fiscal Policy, Fiscal Policy and Economic Stability Realization of the IS and LM curves IS and LM Curves Change (Financial and Monetary Expansion) | | | Week 7 | Voluntary Implementation Methods of Fiscal Policy Fiscal Policy (Financial Expansion) Limitations of Fiscal Policy Automatic Stabilizers | | | Week 8 | Inflation and Fiscal Policy: Cost of Inflation | | | Week 9 | Midterm Exam | | | Week 10 | Stagnation and Fiscal Policy: The Effects of Fiscal Policy and Stimulating Effects of Exclusion | | | Week 11 | Stagflation and Fiscal Policy: Inflation and Unemployment | | | Week 12 | Budget Deficit and Fiscal Policy and Public Finance Fiscal Sustainability and Fiscal Constraint Budget Deficits in Turkey, and Turkey's Financial Position | | | Week 13 | Fiscal Discipline and Fiscal Policy | | | Week 14 | Organizational Justice and Finance, Fiscal Policy and Income Distribution and Income Redistribution Policy Public Intervention | | | Week 15 | Fiscal policy and Growth in Fiscal Policy and Economic Development Public Finance and Economic Development in Turkey | | | Week 16 | Final Exam | | | |
| 1 | Pınar, A., 2017; Maliye Politikası, Turhan Yayınevi, 9. Baskı, Ankara | | | |
| 1 | Ulusoy, A. 2018; Maliye Politikası, Umuttepe Yayınları,10. Baskı, Trabzon | | | |
| Method of Assessment | | Type of assessment | Week No | Date | Duration (hours) | Weight (%) | | Mid-term exam | 9 | 04/2023 | 1 | 50 | | End-of-term exam | 16 | 06/2023 | 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 | 3 | 14 | 42 | | Arasınav için hazırlık | 6 | 2 | 12 | | Arasınav | 1 | 1 | 1 | | Dönem sonu sınavı için hazırlık | 11 | 2 | 22 | | Dönem sonu sınavı | 1 | 1 | 1 | | Total work load | | | 120 |
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