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PUBLIC ECONOMICS COURSE IDENTIFICATION AND APPLICATION INFORMATION

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

Objectives and Contents

Objectives: This course aims to introduce content and definition of revenue and expenditure items, budgetary surplus and budget deficit concepts and practices in fiscal policy.
Content: 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.