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Course Unit Title Course Unit Code Type of Course Unit Level of Course Unit Year of Study Semester ECTS Credits
Economy Policy EKO421 Compulsory Bachelor's degree 4 Fall 5

Name of Lecturer(s)

Prof. Dr. Ayhan ORHAN
Associate Prof. Dr. Erhan ORUÇ
Associate Prof. Dr. Özgür Bayram SOYLU

Learning Outcomes of the Course Unit

1) Analyzing the conceptual framework of economic policy.
2) Evaluating the theoretical approaches of economics school about economic policy.
3) Explaining the effectiveness of economic policy in the challenge of economic problems.
4) Analyzing the interaction of macroeconomic variables between fiscal and monetary policy.
5) Explaining the theoretical and practical differences of economic policies

Program Competencies-Learning Outcomes Relation

  Program Competencies
1 2 3 4 5 6 7 8 9 10
Learning Outcomes
1 High High High No relation No relation No relation No relation No relation No relation No relation
2 High High High No relation No relation No relation No relation No relation No relation No relation
3 High High High No relation No relation No relation No relation No relation No relation No relation
4 High High High No relation No relation No relation No relation No relation No relation No relation
5 High High High No relation No relation No relation No relation No relation No relation No relation

Mode of Delivery

Face to Face

Prerequisites and Co-Requisites

None

Recommended Optional Programme Components

Macroeconomics I and II

Course Contents

This course covers basic concepts, political economy and economic policy, tools and aims of economic policy, national and international Institutions relevant to economic policy, theoretical approaches, stabilization programs.

Weekly Schedule

1) Fundemantel Concepts in Economic Policy and Schools
2) Definition of Economic Policy
3) Objectives and Tools Balance in Economic Policy, Economic Policy Determination Process
4) Determination and Application of Economic Policy, Types of Economic Policy, Delays and Importance of Delays in Economic Policy
5) Main Objectives of Economic Policy, Conflict in Objectives, Ways to achieve the goals, Analysis of Priority and Differences of Objectives in Different Economic Systems
6) Financial and Fiscal Instruments: Types, Features, Factors and Limits
7) Effectiveness of Instruments, Determinants of Instruments Effectiveness, Selection of Objectives and Instruments in Economic Policy
8) Midterm Exam
9) Economic Policy and Macroeconomics Theories
10) Classical Macro Theory and Economic Policy
11) Keynesian Macro Theory and Economic Policy
12) Monetarist, Rational Expectation Macro Theories and Economic Policy
13) Consumer Behavior Models, Group Behavior and Group Decisions, Government Decision-Making Methods, Voting Rules and Basic Operating Model of Political System
14) Changes in Economic Policy and Neoliberalism
15) Discusssion and Evaluation
16) Final Examination

Recommended or Required Reading

1- Mahfi eğilmez Ercan Kumcu Ekonomi Politikası

Planned Learning Activities and Teaching Methods

1) Lecture
2) Question-Answer


Assessment Methods and Criteria

Contribution of Midterm Examination to Course Grade

40%

Contribution of Final Examination to Course Grade

60%

Total

100%

Language of Instruction

Turkish

Work Placement(s)

Not Required