Course Information


Course Information
Course Title Code Semester L+U Hour Credits ECTS
PUBLIC ECONOMICS MLY0304 6. Semester 3 + 0 3.0 5.0

Prerequisites None

Language of Instruction Turkish
Course Level Bachelor's Degree
Course Type Compulsory
Mode of delivery
Course Coordinator
Instructors
Assistants
Goals The main objective of the course is to provide students with an overview of the theory of public economics and also to have students be able to evaluate the current policy implications of these theories.
Course Content Main areas of government intervention is analized with the market failure and public choice framework.
Learning Outcomes 1) Can analyze rationale of state intervantion from different perspectives
2) Gains an understanding of market mechanism's efficiency.
3) Gains an understanding of Public Choice literature and its policy implications.

Weekly Topics (Content)
Week Topics Teaching and Learning Methods and Techniques Study Materials
1. Week Introduction: The scope of the public economics and different views about state intervention Lecture; Question Answer; Discussion

Activity (Web Search, Library Work, Trip, Observation, Interview etc.)
2. Week Welfare Economics and Public Economics: Social Welfare, Pigou Optimum and Pareto Optimum Lecture; Question Answer; Discussion

Activity (Web Search, Library Work, Trip, Observation, Interview etc.)
3. Week Welfare Economics and Public Economics: Pareto efficiency and Utility Possibility Frontier, Kaldor-Hicks compensation principle, Social welfare function and Maximizing the social welfare:Optimum optimorum Lecture; Question Answer; Discussion

Activity (Web Search, Library Work, Trip, Observation, Interview etc.)
4. Week Market Failures as a Rationale of Government Activity: Failure of Competition and Externalities Lecture; Question Answer; Discussion

Activity (Web Search, Library Work, Trip, Observation, Interview etc.)
5. Week Market Failures as a Rationale of Government Activity: Public Goods and Incomplete Markets Lecture; Question Answer; Discussion

Activity (Web Search, Library Work, Trip, Observation, Interview etc.)
6. Week Market Failures as a Rationale of Government Activity: Information failures; Unemployment, Inflation, and disequilibrium; redistribution and merit goods Lecture; Question Answer; Discussion

Activity (Web Search, Library Work, Trip, Observation, Interview etc.)
7. Week Public Choice: The problem of aggregating preferences,Unanimity voting, Majority voting and voting paradox, Arrow’s impossibility theorem Lecture; Question Answer; Discussion

Activity (Web Search, Library Work, Trip, Observation, Interview etc.)
8. Week Public Choice: Single peaked preferences,Median voter theory, Political participation and Interest groups, Log-rolling Lecture; Question Answer; Discussion

Activity (Web Search, Library Work, Trip, Observation, Interview etc.)
9. Week Public Choice: Downs’ economic theory of democracy, Political Business Cycles, The Bureaucracy, Rent-seeking Lecture; Question Answer; Discussion

Activity (Web Search, Library Work, Trip, Observation, Interview etc.)
10. Week The Welfare State: Redistribution of income Lecture; Question Answer; Discussion

Activity (Web Search, Library Work, Trip, Observation, Interview etc.)
11. Week The Welfare State: Poverty alleviation Lecture; Question Answer; Discussion

Activity (Web Search, Library Work, Trip, Observation, Interview etc.)
12. Week The Welfare State: Education and Health Lecture; Question Answer; Discussion

Activity (Web Search, Library Work, Trip, Observation, Interview etc.)
13. Week Globalization and the changing structure of the public sector Lecture; Question Answer; Discussion

Activity (Web Search, Library Work, Trip, Observation, Interview etc.)
14. Week Liberalization, Regulation- deregulation, Public Enterprises and privatization Lecture; Question Answer; Discussion

Activity (Web Search, Library Work, Trip, Observation, Interview etc.)

Sources Used in This Course
Recommended Sources
Güneri Akalın (2000), Kamu Ekonomisi, Akçağ Yayınları, Ankara.
Hülya Kirmanoğlu Kamu Ekonomisi Analizi, 2007, Beta, İstanbul, 2007
Kenan Bulutoğlu (1997) Kamu Ekonomisine Giriş, Filiz Kitabevi, İstanbul.
Nicholas Barr (1987) The Economics of the Welfare State, Stanford University Press
Orhan Şener (1998) Kamu Ekonomisi, Alkım Yay. İstanbul.
Sara Connolly & Alistair Munro (1999), Economics of the Public Sector, FT Prentice Hal
Sinan Sönmez (1987), Kamu Ekonomisi Teorisi, Teori Yay, Verso, Ankara.

ECTS credits and course workload
Event Quantity Duration (Hour) Total Workload (Hour)
Course Duration (Total weeks*Hours per week) 14 3
Work Hour outside Classroom (Preparation, strengthening) 14 3
Midterm Exam 1 1
Time to prepare for Midterm Exam 1 20
Final Exam 1 1
Time to prepare for Final Exam 1 30
Total Workload
Total Workload / 30 (s)
ECTS Credit of the Course
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Course Information