PUBLIC ECONOMICS PROGRAMME COURSE DESCRIPTION

Code	Name of the Course Unit	Semester	In-Class Hours (T+P)	Credit	ECTS Credit
ITR313	PUBLIC ECONOMICS	5	3	3	5

GENERAL INFORMATION
Language of Instruction :	English
Level of the Course Unit :	BACHELOR'S DEGREE, TYY: + 6.Level, EQF-LLL: 6.Level, QF-EHEA: First Cycle
Type of the Course :	Elective
Mode of Delivery of the Course Unit	-
Coordinator of the Course Unit	Assist.Prof. ÇAĞLA TUĞBERK ARIKER
Instructor(s) of the Course Unit
Course Prerequisite	No

OBJECTIVES AND CONTENTS
Objectives of the Course Unit:	This course aims to introduce content and definition of revenue and expenditure items, budgetary surplus and budget deficit concepts and practices in fiscal policy.
Contents of the Course Unit:	Contents of the course include a general view on public economy, historical and analytic process of public economy discipline, structure, combination and size of public sector, public expenditures, public revenues, operation model of market economy, efficiency and justice concepts in economy, efficiency in resource allocation, measuring social benefit and costs, market distortions and role of the state, interference to the market economy by the state, externalities, public goods theories, public goods pricing theories, natural monopolies, regulation and privatization, income distribution in economy and redistribution of income-wealth policies, macroeconomic stability, cost-benefit analysis, public choice theories and justice and efficiency in taxation.

KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to)
Explain the role of the state in the market economy from perspectives of several economy colleges
List revenue and expenditure items of the state in accordance with their materiality level.
Compare direct and indirect tax practices over several states’ economies.
Examine budget surplus and budget deficit calculations over submitted statistical examples
Analyse public policies of developed and developing countries, realized in accordance with basic economic indicators

WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY
Week	Preparatory	Topics(Subjects)	Method
1	Reading	A General View on Public Economy	Lecture & Question and Answer & Discussion
2	Reading	Historical and Analytic Process of Public Economy Discipline	Lecture & Question and Answer & Discussion
3	Reading	Structure, Combination and Size of Public Sector, Public Expenditures; Public Revenues	Lecture & Question and Answer & Discussion
4	Reading	Operation Model of Market Economy, Efficiency and Justice Concepts in Economy, Efficiency in Resource Allocation	Lecture & Question and Answer & Discussion
5	Reading	Measuring Social Benefit and Costs	Lecture & Question and Answer & Discussion
6	Reading	Market Distortions and Role of The State, Interference to The Market Economy by The State	Lecture & Question and Answer & Discussion
7	Reading	Externalities	Lecture & Question and Answer & Discussion
8	-	MID-TERM EXAM	-
9	Reading	Public Goods Theories, Public Goods Pricing Theories,	Lecture & Question and Answer & Discussion
10	Reading	Natural Monopolies, Regulation and Privatization	Lecture & Question and Answer & Discussion
11	Reading	Income Distribution in Economy and Redistribution of Income-Wealth Policies, Macroeconomic Stability	Lecture & Question and Answer & Discussion
12	Reading	Cost-Benefit Analysis	Lecture & Question and Answer & Discussion
13	Reading	Public Choice Theories	Lecture & Question and Answer & Discussion
14	Reading	Justice and Efficiency in Taxation	Lecture & Question and Answer & Discussion
15	Reading	General Revision	Lecture & Question and Answer & Discussion
16	-	FINAL EXAM	-
17	-	FINAL EXAM	-

SOURCE MATERIALS & RECOMMENDED READING
Hindriks, J. and Myles, G. D. (2013). Intermediate Public Economics. Cambridge, Mass., United States: MIT Press Ltd.
Kaplow, L. (2010). The Theory of Taxation and Public Economics. New Jersey, United States: Princeton University Press.
Myles, G. D. (2004). Public Economics. Cambridge, United Kingdom: Cambridge University Press.

ASSESSMENT
Assessment & Grading of In-Term Activities	Number of Activities	Degree of Contribution (%)	Description

Level of Contribution
0	1	2	3	4	5

KNOWLEDGE
Theoretical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Define the theories, concepts and principles of the basic and sub-fields of business.
2	Explain business functions and processes based on current scientific sources.

KNOWLEDGE
Factual
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Relate internationally valid business cases with the theories and concepts of other social sciences.

SKILLS
Cognitive
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Explain the current events and facts in his / her field analytically and systematically based on advanced knowledge and skills he / she has.

SKILLS
Practical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Use the theoretical and factual knowledge in business for occupational practices.
2	Solve individual and organizational problems in business life.
3	Use computer programs (SPSS, R, Excel, Stata) efficiently against the complex business problems.

OCCUPATIONAL
Autonomy & Responsibility
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Plan research and work using knowledge and skills gained in the field of business.
2	Organize the activities for organizational goals and purposes independently.

OCCUPATIONAL
Learning to Learn
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Criticize advanced knowledge and skills in the field with a critical approach.
2	Develop the existing knowledge and skills with a critical point of view under the impact of scientific, technological and current developments.

OCCUPATIONAL
Communication & Social
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Express his/her knowledge, thoughts and solutions on business to related stakeholders in written and verbal ways.
2	Use the information and communication technology software and equipment required for business.

OCCUPATIONAL
Occupational and/or Vocational
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Apply the social, scientific, cultural and ethical values at the stages of collection of data, their implementation, interpretation and announcement of results in the field of business.
2	Relate the concepts of social rights, occupational safety, employee health, quality management and sustainability with the cases in business life.

WORKLOAD & ECTS CREDITS OF THE COURSE UNIT
Workload for Learning & Teaching Activities
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	7	5	35
Mid-Term Exam	1	1	1
Preparation for the Mid-Term Exam	5	4	20
Short Exam	0	0	0
Preparation for the Short Exam	0	0	0
TOTAL	41	0	125