Code | Name of the Course Unit | Semester | In-Class Hours (T+P) | Credit | ECTS Credit |
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EKF355 | FISCAL POLICY | 5 | 3 | 3 | 5 |
GENERAL INFORMATION |
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Language of Instruction : | Turkish |
Level of the Course Unit : | , TYY: + , EQF-LLL: , QF-EHEA: |
Type of the Course : | Elective |
Mode of Delivery of the Course Unit | - |
Coordinator of the Course Unit | |
Instructor(s) of the Course Unit | |
Course Prerequisite | No |
OBJECTIVES AND CONTENTS |
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Objectives of the Course Unit: | This course aims to provide the student with the competence to analyze the effects of fiscal policy instruments and public intervention on the economy. |
Contents of the Course Unit: | Contents of the course include the subjects such as objectives of Fiscal Policy, what financial instruments are used to achieve these objectives, conflicts between these objectives, efficiency problems of fiscal policy, how to implement fiscal policy effectively in combating instability and ensuring growth. |
KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to) |
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Explain the objectives, instruments and functions of fiscal policy.(2) |
Explain the advantages and disadvantages of fiscal policies.(2) |
Analyze the effectiveness of fiscal policy.(4) |
Interpret the fiscal policy in the fight against economic problems.(4) |
Explain the place and importance of fiscal policy in ensuring economic stability.(2) |
Evaluate the effects of fiscal policy from an economic and social perspective.(5) |
Explain the place and importance of fiscal policy in ensuring economic stability.(2) |
Evaluate the effects of fiscal policy from an economic and social perspective.(5) |
WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY |
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Week | Preparatory | Topics(Subjects) | Method |
1 | Reading | Rise and Development of Fiscal Policy | Lecture & Question Answer |
2 | Reading | Objectives and Instruments of Fiscal Policy | Lecture & Question Answer |
3 | Reading | Economic Ideas towards Fiscal Policy | Lecture & Question Answer & Analysis |
4 | Reading | Methods in application of Fiscal Policy | Lecture & Question Answer & Analysis |
5 | Reading | Limits of Fiscal Policy | Lecture & Question Answer & Analysis |
6 | Reading | Relative activity of Money and Fiscal Policies | Lecture & Question Answer & Analysis |
7 | Reading | Economic conjuncture and Fiscal Policy | Lecture & Question Answer & Analysis |
8 | - | MID-TERM EXAM | - |
9 | Reading | Fiscal Policy in the fight against Inflation | Lecture & Question Answer & Analysis |
10 | Reading | Fiscal Policy in the fight against Recession | Lecture & Question Answer & Analysis & Problem-Solving Method |
11 | Reading | Fiscal Policy in the fight against Stagflation | Lecture & Question Answer & Analysis & Problem-Solving Method |
12 | Reading | Budget deficit and Fiscal Policy | Lecture & Question Answer & Analysis & Problem-Solving Method |
13 | Reading | Economic progress and Fiscal Policy | Lecture & Question Answer & Analysis & Problem-Solving Method |
14 | Reading | Distribution of income and Fiscal Policy | Lecture & Question Answer & Analysis & Problem-Solving Method |
15 | Reading | Social state and Fiscal Policy | Lecture & Question Answer & Analysis & Problem-Solving Method |
16 | - | FINAL EXAM | - |
17 | - | FINAL EXAM | - |
SOURCE MATERIALS & RECOMMENDED READING |
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Pinar,.A.(2017). Maliye Politikasi. 9th Edition.Turhan Bookstore |
Atac, B.(2016). Maliye Politikasi. 11th Edition. Turan Bookstore |
Ulusoy, A.(2017). Maliye Politikasi. 9th Edition. Umuttepe Publications |
Kopcke, R.W., Geoffrey M.B. Tootell and Robert K. Triest,(2018). The Macroeconomics of Fiscal Policy. The MIT Press |
Dergi Adı: Maliye Dergisi, Maliye Arastirmalari Journal |
ASSESSMENT |
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Assessment & Grading of In-Term Activities | Number of Activities | Degree of Contribution (%) | Description |
Level of Contribution | |||||
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0 | 1 | 2 | 3 | 4 | 5 |
KNOWLEDGE |
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Theoretical |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Describe basic theories of microeconomics and macroeconomics by benefiting from assumptions and axioms.
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2 |
Recognize the entries in the book and financial balance sheet of the business organization.
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3 |
Define concepts, theories and principles of basic and subfields of international trade by adhering to the background knowledge.
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KNOWLEDGE |
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Factual |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Summarize historical development of the international trade theories by adhering to the chronological order.
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2 |
Use theoretical knowledge gained in the field of international trade in occupational practices and daily life.
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3 |
Solve financial and legal problems confronted in international trade practices.
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SKILLS |
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Cognitive |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Relate statistical raw data by benefiting from computer programs and relate data with one another in consideration of theoretical knowledge.
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2 |
Evaluate developments in the world in consideration of common courses in the faculty with an intellectual perspective.
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SKILLS |
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Practical |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Interpret current events and facts in international trade based on advanced knowledge and skills from an analytical and systematic holistic view.
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OCCUPATIONAL |
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Autonomy & Responsibility |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Relate knowledge about economic globalization and internationalization with current knowledge in the field.
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OCCUPATIONAL |
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Learning to Learn |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Examine current economic policies applied over the gained advanced knowledge and skills by a critical approach.
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OCCUPATIONAL |
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Communication & Social |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Explain demands in written or verbally by using the foreign language skill in business and social life effectively.
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2 |
Tell knowledge, thoughts and solution offers regarding subjects in international trade to relevant stakeholders demands in written or verbally.
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3 |
Design a healthy communication network for themselves in the business world by using social life skills.
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OCCUPATIONAL |
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Occupational and/or Vocational |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Analyze current issues, events and problems by benefiting from theoretical and historical knowledge of international trade and economics.
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2 |
Develop suggestions for international trade policies by determining economic problems in the macro level.
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3 |
Apply commercial applications in consideration of knowledge gained in financing and management of international trade by being inclusive of international market
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4 |
Discuss the effects of commercial and financial globalization processes on the income distribution, by benefiting from data.
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WORKLOAD & ECTS CREDITS OF THE COURSE UNIT |
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Workload for Learning & Teaching Activities |
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Type of the Learning Activites | Learning Activities (# of week) | Duration (hours, h) | Workload (h) |
Lecture & In-Class Activities | 14 | 3 | 42 |
Preliminary & Further Study | 13 | 2 | 26 |
Land Surveying | 0 | 0 | 0 |
Group Work | 0 | 0 | 0 |
Laboratory | 0 | 0 | 0 |
Reading | 0 | 0 | 0 |
Assignment (Homework) | 0 | 0 | 0 |
Project Work | 0 | 0 | 0 |
Seminar | 0 | 0 | 0 |
Internship | 0 | 0 | 0 |
Technical Visit | 0 | 0 | 0 |
Web Based Learning | 0 | 0 | 0 |
Implementation/Application/Practice | 0 | 0 | 0 |
Practice at a workplace | 0 | 0 | 0 |
Occupational Activity | 0 | 0 | 0 |
Social Activity | 0 | 0 | 0 |
Thesis Work | 0 | 0 | 0 |
Field Study | 0 | 0 | 0 |
Report Writing | 0 | 0 | 0 |
Final Exam | 1 | 1 | 1 |
Preparation for the Final Exam | 4 | 10 | 40 |
Mid-Term Exam | 1 | 1 | 1 |
Preparation for the Mid-Term Exam | 2 | 9 | 18 |
Short Exam | 0 | 0 | 0 |
Preparation for the Short Exam | 0 | 0 | 0 |
TOTAL | 35 | 0 | 128 |
Total Workload of the Course Unit | 128 | ||
Workload (h) / 25.5 | 5 | ||
ECTS Credits allocated for the Course Unit | 5,0 |