The main purpose of this course is to equip students with an in-depth understanding of economic policy.
Course Content
This course contains; Introductory overview,Monetary Policy: Current Paradigm and Its Criticisms I,Para Politikası: Mevcut Paradigma ve Eleştiriler II,Para Politikası: Gelişen Ekonomilerde Para Politikası I,Monetary Policy: Monetary Policy in Emerging Economies II,Fiscal Policy: Current Paradigm and Its Criticisms I,Fiscal Policy: Current Paradigm and Its Criticisms II,Industrial Policy: Practices and Outcomes I,Industrial Policy: Practices and Outcomes II,Industrial Policy: Industrial Policy Framework I,Industrial Policy: Industrial Policy Framework II,Social Policy I,Social Policy II,General Overview.
Dersin Öğrenme Kazanımları
Teaching Methods
Assessment Methods
1. Will be able to explain current monetary policy understanding in the world.
9
A
1.1. Explain monetary policy tools of the central bank.
9
A
1.2. Explain inflation targeting regime.
9
A
1.3. Explain central bank independence.
9
A
2. Will be able to explain current fiscal policy understanding in the world.
9
A
2.1. Explain tax regimes.
9
A
2.2. Explain cyclical fiscal policy types.
9
A
2.3. Explain the relationship between fiscal policy and real economy.
9
A
3. Will be able to explain the relationship between industrial policy and economic development.
9
A
3.1. Explain the role of the state in economic development.
9
A
3.2. Explain carrot-stick policy.
9
A
4. Will be able to explain current social policy understanding in the world.
9
A
4.1. Explain pension applications.
9
A
4.2. Explain social welfare applications.
9
A
5. Explain how financial system really works in the modern world.
9
A
5.1. Explain how banks print money.
9
A
5.2. Explain the importance of liquidity for the economy and financial system.
9
A
Teaching Methods:
9: Lecture Method
Assessment Methods:
A: Traditional Written Exam
Course Outline
Order
Subjects
Preliminary Work
1
Introductory overview
-
2
Monetary Policy: Current Paradigm and Its Criticisms I
Tatlıyer, 2017.
3
Para Politikası: Mevcut Paradigma ve Eleştiriler II
Tatlıyer, 2017.
4
Para Politikası: Gelişen Ekonomilerde Para Politikası I
De Paula vd, 2017.
5
Monetary Policy: Monetary Policy in Emerging Economies II
De Paula vd, 2017.
6
Fiscal Policy: Current Paradigm and Its Criticisms I
Tcherneva, 2014.
7
Fiscal Policy: Current Paradigm and Its Criticisms II
Tcherneva, 2014.
8
Industrial Policy: Practices and Outcomes I
Yülek, 2016.
9
Industrial Policy: Practices and Outcomes II
Yülek, 2016.
10
Industrial Policy: Industrial Policy Framework I
Yülek, 2018.
11
Industrial Policy: Industrial Policy Framework II
Yülek, 2018.
12
Social Policy I
Aysan, 2018.
13
Social Policy II
Aysan, 2018.
14
General Overview
Resources
1. Tatlıyer 2017 Inflation targeting and the need for a new central banking framework
2. De Paula vd 2017 Keynes at the periphery Currency hierarchy and challenges for economic policy in emerging economies
3. Tcherneva 2014 Reorienting fiscal policy.. A bottom up Approach
4. Yülek 2016 Industrial Policies and Outcomes
5. Yülek 2018 Thinking About a New Industrial Policy Framework for Turkey
6. Aysan 2018 Social Policies in Contemporary Turkey
1. Andre Gunder Frank, ReOrient: Global Economy in the Asian Age, University of California Press, 1998.
2. John M. Hobson, The Eastern Origins of Western Civilisation, Cambridge University Press, 2004.
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications
No
Program Qualification
Contribution Level
1
2
3
4
5
1
(S)he describes theoretical knowledge in economics and finance.
X
2
(S)he explains mathematical and statistical methods needed for economics and finance.
3
(S)he uses at least one computer program utilized for economic and financial analyses (SPSS, Eviews, STATA, R ve MATLAB).
4
(S)he has the foreign language proficiency necessary for economics and finance.
X
5
(S)he develops projects in the field and handles team work.
6
(S)he develops (her) his awareness of lifetime learning, follows the developments in (her) his field and adopts a critical approach.
X
7
(S)he uses theoretical and practical knowledge on economics and finance.
X
8
(S)he delivers (her) his opinions by making effective use of modern technologies and of at least one foreign language at a minimum level of level C1.
9
(S)he adopts and uses organizational, corporate and social ethical values.
10
(S)he adopts principles of social responsibility and acts whenever needed in light of social service sensitivity.
11
(S)he analyzes and uses basic knowledge and data regarding different disciplines to conduct inter-disciplinary studies.
12
(S)he benefits from (her) his proficiency in economics and finance to make policy suggestions and contribute to the field.
X
Assessment Methods
Contribution Level
Absolute Evaluation
Rate of Midterm Exam to Success
50
Rate of Final Exam to Success
50
Total
100
ECTS / Workload Table
Activities
Number of
Duration(Hour)
Total Workload(Hour)
Course Hours
13
3
39
Guided Problem Solving
0
0
0
Resolution of Homework Problems and Submission as a Report
1
30
30
Term Project
0
0
0
Presentation of Project / Seminar
0
0
0
Quiz
0
0
0
Midterm Exam
1
35
35
General Exam
1
50
50
Performance Task, Maintenance Plan
0
0
0
Total Workload(Hour)
154
Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30*=(154/30)
5
ECTS of the course: 30 hours of work is counted as 1 ECTS credit.
Detail Informations of the Course
Course Description
Course
Code
Semester
T+P (Hour)
Credit
ECTS
ECONOMIC POLICY
-
Fall Semester
3+0
3
5
Course Program
Prerequisites Courses
Recommended Elective Courses
Language of Course
English
Course Level
First Cycle (Bachelor's Degree)
Course Type
Elective
Course Coordinator
Name of Lecturer(s)
Assistant(s)
Aim
The main purpose of this course is to equip students with an in-depth understanding of economic policy.
Course Content
This course contains; Introductory overview,Monetary Policy: Current Paradigm and Its Criticisms I,Para Politikası: Mevcut Paradigma ve Eleştiriler II,Para Politikası: Gelişen Ekonomilerde Para Politikası I,Monetary Policy: Monetary Policy in Emerging Economies II,Fiscal Policy: Current Paradigm and Its Criticisms I,Fiscal Policy: Current Paradigm and Its Criticisms II,Industrial Policy: Practices and Outcomes I,Industrial Policy: Practices and Outcomes II,Industrial Policy: Industrial Policy Framework I,Industrial Policy: Industrial Policy Framework II,Social Policy I,Social Policy II,General Overview.
Dersin Öğrenme Kazanımları
Teaching Methods
Assessment Methods
1. Will be able to explain current monetary policy understanding in the world.
9
A
1.1. Explain monetary policy tools of the central bank.
9
A
1.2. Explain inflation targeting regime.
9
A
1.3. Explain central bank independence.
9
A
2. Will be able to explain current fiscal policy understanding in the world.
9
A
2.1. Explain tax regimes.
9
A
2.2. Explain cyclical fiscal policy types.
9
A
2.3. Explain the relationship between fiscal policy and real economy.
9
A
3. Will be able to explain the relationship between industrial policy and economic development.
9
A
3.1. Explain the role of the state in economic development.
9
A
3.2. Explain carrot-stick policy.
9
A
4. Will be able to explain current social policy understanding in the world.
9
A
4.1. Explain pension applications.
9
A
4.2. Explain social welfare applications.
9
A
5. Explain how financial system really works in the modern world.
9
A
5.1. Explain how banks print money.
9
A
5.2. Explain the importance of liquidity for the economy and financial system.
9
A
Teaching Methods:
9: Lecture Method
Assessment Methods:
A: Traditional Written Exam
Course Outline
Order
Subjects
Preliminary Work
1
Introductory overview
-
2
Monetary Policy: Current Paradigm and Its Criticisms I
Tatlıyer, 2017.
3
Para Politikası: Mevcut Paradigma ve Eleştiriler II
Tatlıyer, 2017.
4
Para Politikası: Gelişen Ekonomilerde Para Politikası I
De Paula vd, 2017.
5
Monetary Policy: Monetary Policy in Emerging Economies II
De Paula vd, 2017.
6
Fiscal Policy: Current Paradigm and Its Criticisms I
Tcherneva, 2014.
7
Fiscal Policy: Current Paradigm and Its Criticisms II
Tcherneva, 2014.
8
Industrial Policy: Practices and Outcomes I
Yülek, 2016.
9
Industrial Policy: Practices and Outcomes II
Yülek, 2016.
10
Industrial Policy: Industrial Policy Framework I
Yülek, 2018.
11
Industrial Policy: Industrial Policy Framework II
Yülek, 2018.
12
Social Policy I
Aysan, 2018.
13
Social Policy II
Aysan, 2018.
14
General Overview
Resources
1. Tatlıyer 2017 Inflation targeting and the need for a new central banking framework
2. De Paula vd 2017 Keynes at the periphery Currency hierarchy and challenges for economic policy in emerging economies
3. Tcherneva 2014 Reorienting fiscal policy.. A bottom up Approach
4. Yülek 2016 Industrial Policies and Outcomes
5. Yülek 2018 Thinking About a New Industrial Policy Framework for Turkey
6. Aysan 2018 Social Policies in Contemporary Turkey
1. Andre Gunder Frank, ReOrient: Global Economy in the Asian Age, University of California Press, 1998.
2. John M. Hobson, The Eastern Origins of Western Civilisation, Cambridge University Press, 2004.
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications
No
Program Qualification
Contribution Level
1
2
3
4
5
1
(S)he describes theoretical knowledge in economics and finance.
X
2
(S)he explains mathematical and statistical methods needed for economics and finance.
3
(S)he uses at least one computer program utilized for economic and financial analyses (SPSS, Eviews, STATA, R ve MATLAB).
4
(S)he has the foreign language proficiency necessary for economics and finance.
X
5
(S)he develops projects in the field and handles team work.
6
(S)he develops (her) his awareness of lifetime learning, follows the developments in (her) his field and adopts a critical approach.
X
7
(S)he uses theoretical and practical knowledge on economics and finance.
X
8
(S)he delivers (her) his opinions by making effective use of modern technologies and of at least one foreign language at a minimum level of level C1.
9
(S)he adopts and uses organizational, corporate and social ethical values.
10
(S)he adopts principles of social responsibility and acts whenever needed in light of social service sensitivity.
11
(S)he analyzes and uses basic knowledge and data regarding different disciplines to conduct inter-disciplinary studies.
12
(S)he benefits from (her) his proficiency in economics and finance to make policy suggestions and contribute to the field.
