Course Information

Course Information
Course Title Code Language Type Semester L+U Hour Credits ECTS
Fiscal Policy ECON308 Turkish Compulsory 6. Semester 3 + 0 3.0 5.0
Prerequisite Courses
Course Level Undergraduate
Mode of delivery Face to face.
Course Coordinator
Instructor(s)
Goals The aim of this course is to analyze the policy preferences of states in different economic conjunctures and the place of fiscal policy among these preferences.
Course Content The importance and place of fiscal policy among economic policies; objectives, tools and effects of fiscal policy; effectiveness and sustainability of fiscal policy; different theoretical approaches to fiscal policy.
Learning Outcomes
# Öğrenme Kazanımı
1 Students can explain the theoretical basis of fiscal policy.
2 Students can discuss different theoretical approaches to fiscal policy.
3 Students can anticipate the effectiveness, sustainability, effects on different social groups and possible problems about application of fiscal policy.
Lesson Plan (Weekly Topics)
Week Topics/Applications Method
1. Week Neoclassical-Minimalist Public Intervention Interview, Presentation (Preparation)
2. Week Great Depression, Keynesian Approach, Neoclassical-Keynesian Synthesis and Public Intervention in the Economy Interview, Presentation (Preparation)
3. Week The Aim of Economic Policy; Fundamentals of Economic Policy Components; Aim of Economic Policy and Fiscal Policy Instruments; Fiscal Policy Multipliers; Economic Policy Fine Tuning and Automatic Stabilizers Interview, Presentation (Preparation)
4. Week Fiscal Impediment (Drag); Voluntary Fiscal Policies Interview, Presentation (Preparation)
5. Week Economic Growth - Financing Development - Fiscal Policy and Private Investment Interview, Presentation (Preparation)
6. Week Developing Countries and Structuralist Approach; economic fluctuations in long-run growth, State Aids and Development - Structural Adjustment and Fiscal Policy - Structural Adjustment Models, IMF and World Bank Interview, Presentation (Preparation)
7. Week Recession and Fiscal Policy; Inflation and Finance Policy; Stagflation and Micro-Based Policies Interview, Presentation (Preparation)
8. Week MIDTERM EXAM
9. Week Interaction of Monetary and Fiscal Policies and Policy Mix Interview, Presentation (Preparation)
10. Week Budget Deficits Treasury and Central Bank; Treasury and Functions Interview, Presentation (Preparation)
11. Week Central Bank and Monetary Policy and Treasury “Independence” and Fiscal Policy
12. Week Treasury Borrowing from the Central Bank Interview, Presentation (Preparation)
13. Week Seiorage and Tanzi-Olivera Effect Sterilization Interview, Presentation (Preparation)
14. Week Development and Fiscal Policy - The Problem of Underdevelopment - Development Economics and Structural Transformation Interview, Presentation (Preparation)
*Midterm and final exam dates are not specified in the 14-week course operation plan. Midterm and final exam dates are held on the dates specified in the academic calendar with the decision of the University Senate.
The Matrix for Course & Program Learning Outcomes
No Program Requirements Level of Contribution
1 2 3 4 5
1 Know the basic concepts of economics at an advanced level; can abstract the economic decision-making units in households, firms, government agencies, and predict the results of their decision-making mechanisms in different market and competition conditions.
2 Understand the objectives of economies such as growth, employment, productivity, sustainability; may propose solutions to problems such as unemployment, contraction, inflation, high interest rates and similar problems.
3 Capable to make sense of the international interactions of national economies with an international economic perspective.
4 Have knowledge about the historical development of the world economy and its current structure, understand the working process of different economic systems.
5 Can combine economic theory with mathematical, statistical and econometric skills to analyze concrete situations; are experienced in economic data collection and analysis methods by utilyzing technology.
6 Analyze the different sectors of the economy such as agriculture, industry and services through the Production Factors such as Labor, Capital, Natural Resource, Information and Entrepreneurship and evaluate the country economies.
7 Know the current status, historical background, the strengths and weaknesses of Turkish economy in macro and micro scale; can propose solutions, make theoretical and applied studies in this direction as individuals and teams.
8 Know the relations of economics as a social science with other sciences especially with politics, business administration, law, history, mathematics and engineering; reflect the theoretical knowledge in practice and have collaborative working culture.
9 Have the consciousness of lifelong learning, use the education to keep knowledge updated and contribute to the business life.
10 Have the cultural consciousness, know their own history, develop awareness of working with different cultures, respect individual, social and cultural rights.
11 Behave in accordance with ethical values in their works, have the ability of questioning, free thinking with no prejudices.
12 Have the consciousness of fulfilling the given tasks at the right time. In this process, utilize in maximum written, visual, audio sources and information-communication technologies.
13 Have the experience and ability to explain what they learn in written, oral and visual manner.
14 Use the Turkish and English language properly and effectively, and pursue professional readings in double language.
Relations with Education Attainment Program Course Competencies
Program Requirements DK1 DK2 DK3
PY1 5 5 5
PY2 5 5 5
PY3 5 5 5
PY4 4 4 4
PY5 2 2 2
PY6 3 3 3
PY7 4 4 4
PY8 4 4 4
PY9 4 4 4
PY10 2 2 2
PY11 2 2 2
PY12 1 1 1
PY13 2 2 2
PY14 1 1 1
Recommended Sources
Ders Kitabı veya Notu Ders Kitabı veya Ders Notu bulunmamaktadır.
Diğer Kaynaklar
  • Pınar, A. (2021). Maliye Politikası: Teori ve Uygulama. Ankara: Turhan Kitabevi. Lecture Notes.
ECTS credits and course workload
ECTS credits and course workload Quantity Duration (Hour) Total Workload (Hour)
Sınavlar
Midterm 1 30 30
Homework 1 15.5 15.5
Final 1 40 40
Classroom Activities 14 3 42
Total Workload 127.5
*AKTS = (Total Workload) / 25,5 ECTS Credit of the Course 5.0