The objective of this course is to develop students` ability in analyzing and formulating public economic problems and policies.
This course focuses on the application of economic theory to the analysis of the issues pertaining to public expenditures, market imperfections, and cost benefit analysis.
1. Defines public economics and its ideology.
2. Using positive and normative analysis for problem-solving.
3. Studies the factors that cause markets to fail.
4. Compares public and private provision of goods and services.
5. Investigates the daily use of cost-benefit analysis.
6. Analyses the public and private provision of goods and services in different sectors.
|1||Public Finance and Ideology||Chapter 1|
|2||Tools of Positive Analysis||Chapter 2-3|
|3||Tools of Normative Analysis||Chapter 4-5|
|4||Tools of Normative Analysis cont’d||Chapter 6|
|6||Public Goods||Chapter 4|
|11||Cost Benefit Analysis||Chapter 7|
|12||Cost Benefit Analysis cont’d|
|13||The Health Care Market||Chapter 8|
|Textbook||Public Finance by Harvey S. Rosen and Ted Gayer, McGraw-Hill, 9th ed|
|Additional Resources||Lecture notes and chapter slides|
|Documents||Lecture notes and Chapter slides|
|Assignments||End of Chapter problems and Homework Assignments|
|Contribution of Final Examination to Overall Grade||40|
|Contribution of In-Term Studies to Overall Grade||60|
|No||Program Learning Outcomes||Contribution|
|1||Formulate and develop a critical and comprehensive understanding of global and national economic problems, and construct and design practical solutions;||x|
|2||Extract information and concepts from various disciplines in social sciences and integrate them under the rubric of economics;||x|
|3||Construct testable hypotheses to find original, practical solutions to various social ills and problems;||x|
|4||Develop an analytical understanding of economic problems, and the ability to evaluate the inherent logic, assumptions and conclusions of alternative approaches;||x|
|5||Develop the necessary technical skills to evaluate alternative approaches in economics;||x|
|6||Formulate research projects, plan and conduct research in social sciences in general and in economics in particular;||x|
|7||Present the results of their research in national and international conferences and in scientific and professional venues;||x|
|8||Apply the scientific / academic modes of thought and analysis to their professional lives and form a bridge between the analytical and abstract modes of thinking of academia and the practical and dynamic skills of business life;||x|
|9||Nurture and develop the analytical and technical skills necessary to continue their studies at a Ph.D. level, either in Turkey or elsewhere around the globe.||x|
|Activities||Quantity||Duration (Hour)||Total Workload (Hour)|
|Course Duration (Including the Exam Week: 15 x total course hours)||15||3||45|
|Hours for off-the-classroom study (Pre-study, practice)||15||10||150|
|Quizzes (attendance, presentation, etc.)||3||0.5||1.5|
|Total Work Load||238.5|
|Total Work Load / 25 (s)||9.54|
|ECTS Credit of the Course||10|