Course Detail
Course Description
| Course | Code | Semester | T+P (Hour) | Credit | ECTS |
|---|---|---|---|---|---|
| FINANCE THEORY | ECO2115384 | Fall Semester | 3+0 | 3 | 4 |
| Course Program | Salı 11:00-11:45 Salı 12:00-12:45 Salı 12:45-13:30 |
| Prerequisites Courses | |
| Recommended Elective Courses |
| Language of Course | English |
| Course Level | First Cycle (Bachelor's Degree) |
| Course Type | Required |
| Course Coordinator | Prof.Dr. Rana ATABAY KUŞÇU |
| Name of Lecturer(s) | Lect. Numan ÖZAKPINAR |
| Assistant(s) | |
| Aim | Students will be taught the concept and theories of finance, the development of public finance, its purpose and functions, public institutions and organizations, public service, public revenue, public expenditures and their classification, tax law and theory, principles of taxation, classification of taxes, definition of budget, importance and function of budget theories. , principles and techniques, examination of the Turkish Tax System, central government finance and local government finance, the concept of fiscal distribution and intergovernmental relations, the aims and tools of fiscal policy, fiscal policy implementation methods, fiscal policy to achieve economic, social and other objectives and in Turkey. It aims to provide the information basis for evaluating fiscal policy practices in the context of the Public Financial Management Control Law No. 5018 and other legal regulations. |
| Course Content | This course contains; Ability to analyze fiscal policies to be implemented in the economic development process and interpret them for Türkiye, Public services, public expenditure, Public services, public expenditure II ,Public revenues, classification, parafiscal revenues, taxes, concepts related to taxation, Principles of taxation, tax expenditures, application in Türkiye, Separation, classification and features of taxes,Income, corporate, expenditure taxes and other taxes, Budget, principles, classification, Budget, budget process, Government borrowing, concepts related to borrowing, statistics, reasons, classification, Local administrations finance, financial distribution, revenues, expenditures, borrowing, Automatic stabilizers, discretionary fiscal policies, formula flexibility, Fiscal policies to combat inflation, recession, and stagflation, Scope of public finance, historical development, interaction with economics, philosophy, sociology, law and other fields. |
| Dersin Öğrenme Kazanımları | Teaching Methods | Assessment Methods |
| 6.Will be able to analyze the fiscal policies to be applied in the process of economic development and interpret them for Turkey. | 10, 14, 16, 9 | A |
| 1.1.Explains public finance theory at the conceptual level. | ||
| 1. Will be able to comprehend theoretical information about the purpose, tools and limits of finance theory; | 10, 14, 16, 9 | A |
| 1.2. Make positive and normative analysis of public finance theory | ||
| 2. Will be able to understand theoretical discussions regarding the effectiveness of financial theories; | 10, 14, 16, 9 | A |
| 2.1. Establish the link between fiscal theory and welfare economics | ||
| 2.2. Discuss conceptual issues such as public goods, public expenditures, public externalities, income distribution and social security | ||
| 3. will be able to analyze the relationship between fiscal policy and monetary policy; | 10, 14, 16, 9 | A |
| 3.1. Reveal the differences and similarities between fiscal and monetary policy | ||
| 3.2. Analyze the economic consequences of fiscal policy | ||
| 4. will be able to analyze fiscal policies against inflation, recession and stagflation | 10, 14, 16, 9 | A |
| 4.1. Emphasize the importance of macroeconomic parameters in fiscal policy | ||
| 4.2. Specify the fiscal policy steps that should be implemented, especially in the inflationary process | ||
| 5. Will be able to explain and interpret the fiscal policies implemented for stability in developing countries and Turkey; | 10, 14, 16, 9 | A |
| 5.1 Explain fiscal policy from a macroeconomic and macroprudential perspective | ||
| 5.2. Reveal the importance of fiscal policy in times of economic instability | ||
| 6.1. Analyze the consequences of loose and tight fiscal policies on development | ||
| 6.2. İnterpret the functions of basic public finance revenues and expenses such as taxes and public expenditures in economic development. |
| Teaching Methods: | 10: Discussion Method, 14: Self Study Method, 16: Question - Answer Technique, 9: Lecture Method |
| Assessment Methods: | A: Traditional Written Exam |
Course Outline
| Order | Subjects | Preliminary Work |
|---|---|---|
| 1 | Ability to analyze fiscal policies to be implemented in the economic development process and interpret them for Türkiye | |
| 2 | Public services, public expenditure | |
| 3 | Public services, public expenditure II | |
| 4 | Public revenues, classification, parafiscal revenues, taxes, concepts related to taxation | |
| 5 | Principles of taxation, tax expenditures, application in Türkiye | |
| 6 | Separation, classification and features of taxes | |
| 7 | Income, corporate, expenditure taxes and other taxes | |
| 8 | Budget, principles, classification | |
| 9 | Budget, budget process | |
| 10 | Government borrowing, concepts related to borrowing, statistics, reasons, classification | |
| 11 | Local administrations finance, financial distribution, revenues, expenditures, borrowing | |
| 12 | Automatic stabilizers, discretionary fiscal policies, formula flexibility | |
| 13 | Fiscal policies to combat inflation, recession, and stagflation | |
| 14 | Scope of public finance, historical development, interaction with economics, philosophy, sociology, law and other fields |
| Resources |
| Önerilen Kaynaklar PINAR, Abuzer, Maliye Politikası Teori ve Uygulama, Ankara, Turan Kitabevi, 10. Baskı, 2019. SAEZ, Emmanuel, (2019), Dünya Eşitsizlik Raporu, İş Bankası Kültür Yayınları,İSTANBUL David N. Hyman (2010). Public Finance A Contemporary Application of Theory to Policy, 10th Edition. South Western Cengage Learning. ATAÇ, Beyhan, Maliye Politikası Gelişimi, Amaçları, Araçları ve Uygulama Sorunları, Gözden Geçirilmiş 11. Baskı, 2016. TÜRK, İsmail, Maliye Politikası, 26. Baskı, Ankara, Turhan Kitabevi, 2015. HALLER, Heinz, Maliye Politikası Teorik Esasları ve Temel Problemleri, Çev. Salih TURAN, İstanbul, Filiz Kitabevi, 1994. Nazan SUSAM, Kamu Maliyesi Temel Kavramlar ve Esaslar, 3. Baskı, Temel Kavram ve Esaslar, 2019. Nurettin BİLİCİ, Adem BİLİCİ, Kamu Maliyesi, Seçkin Yayıncılık, 2018. İsmail Türk, Kamu Maliyesi, Turhan Kitabevi, 10. Baskı, 2015. Özhan ULUATAM, Kamu Maliyesi, 13. Bası, İmaj Yayınevi, 2014. David.N. Hayman, Public Finance A Contemprary Application of Theory to Policy, 2010. |
| ADDITIONAL RESOURCES Harvey S. Rosen: “Public Finance”, International Student Edition, Irwin Inc., USA, 2010. |
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. | X | |||||
| 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. | X | |||||
| 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 | 40 | |
| Rate of Final Exam to Success | 60 | |
| Total | 100 | |
| ECTS / Workload Table | ||||||
| Activities | Number of | Duration(Hour) | Total Workload(Hour) | |||
| Course Hours | 14 | 3 | 42 | |||
| Guided Problem Solving | 0 | 0 | 0 | |||
| Resolution of Homework Problems and Submission as a Report | 0 | 0 | 0 | |||
| Term Project | 3 | 6 | 18 | |||
| Presentation of Project / Seminar | 0 | 0 | 0 | |||
| Quiz | 0 | 0 | 0 | |||
| Midterm Exam | 1 | 25 | 25 | |||
| General Exam | 1 | 40 | 40 | |||
| Performance Task, Maintenance Plan | 0 | 0 | 0 | |||
| Total Workload(Hour) | 125 | |||||
| Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30*=(125/30) | 4 | |||||
| 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 |
|---|---|---|---|---|---|
| FINANCE THEORY | ECO2115384 | Fall Semester | 3+0 | 3 | 4 |
| Course Program | Salı 11:00-11:45 Salı 12:00-12:45 Salı 12:45-13:30 |
| Prerequisites Courses | |
| Recommended Elective Courses |
| Language of Course | English |
| Course Level | First Cycle (Bachelor's Degree) |
| Course Type | Required |
| Course Coordinator | Prof.Dr. Rana ATABAY KUŞÇU |
| Name of Lecturer(s) | Lect. Numan ÖZAKPINAR |
| Assistant(s) | |
| Aim | Students will be taught the concept and theories of finance, the development of public finance, its purpose and functions, public institutions and organizations, public service, public revenue, public expenditures and their classification, tax law and theory, principles of taxation, classification of taxes, definition of budget, importance and function of budget theories. , principles and techniques, examination of the Turkish Tax System, central government finance and local government finance, the concept of fiscal distribution and intergovernmental relations, the aims and tools of fiscal policy, fiscal policy implementation methods, fiscal policy to achieve economic, social and other objectives and in Turkey. It aims to provide the information basis for evaluating fiscal policy practices in the context of the Public Financial Management Control Law No. 5018 and other legal regulations. |
| Course Content | This course contains; Ability to analyze fiscal policies to be implemented in the economic development process and interpret them for Türkiye, Public services, public expenditure, Public services, public expenditure II ,Public revenues, classification, parafiscal revenues, taxes, concepts related to taxation, Principles of taxation, tax expenditures, application in Türkiye, Separation, classification and features of taxes,Income, corporate, expenditure taxes and other taxes, Budget, principles, classification, Budget, budget process, Government borrowing, concepts related to borrowing, statistics, reasons, classification, Local administrations finance, financial distribution, revenues, expenditures, borrowing, Automatic stabilizers, discretionary fiscal policies, formula flexibility, Fiscal policies to combat inflation, recession, and stagflation, Scope of public finance, historical development, interaction with economics, philosophy, sociology, law and other fields. |
| Dersin Öğrenme Kazanımları | Teaching Methods | Assessment Methods |
| 6.Will be able to analyze the fiscal policies to be applied in the process of economic development and interpret them for Turkey. | 10, 14, 16, 9 | A |
| 1.1.Explains public finance theory at the conceptual level. | ||
| 1. Will be able to comprehend theoretical information about the purpose, tools and limits of finance theory; | 10, 14, 16, 9 | A |
| 1.2. Make positive and normative analysis of public finance theory | ||
| 2. Will be able to understand theoretical discussions regarding the effectiveness of financial theories; | 10, 14, 16, 9 | A |
| 2.1. Establish the link between fiscal theory and welfare economics | ||
| 2.2. Discuss conceptual issues such as public goods, public expenditures, public externalities, income distribution and social security | ||
| 3. will be able to analyze the relationship between fiscal policy and monetary policy; | 10, 14, 16, 9 | A |
| 3.1. Reveal the differences and similarities between fiscal and monetary policy | ||
| 3.2. Analyze the economic consequences of fiscal policy | ||
| 4. will be able to analyze fiscal policies against inflation, recession and stagflation | 10, 14, 16, 9 | A |
| 4.1. Emphasize the importance of macroeconomic parameters in fiscal policy | ||
| 4.2. Specify the fiscal policy steps that should be implemented, especially in the inflationary process | ||
| 5. Will be able to explain and interpret the fiscal policies implemented for stability in developing countries and Turkey; | 10, 14, 16, 9 | A |
| 5.1 Explain fiscal policy from a macroeconomic and macroprudential perspective | ||
| 5.2. Reveal the importance of fiscal policy in times of economic instability | ||
| 6.1. Analyze the consequences of loose and tight fiscal policies on development | ||
| 6.2. İnterpret the functions of basic public finance revenues and expenses such as taxes and public expenditures in economic development. |
| Teaching Methods: | 10: Discussion Method, 14: Self Study Method, 16: Question - Answer Technique, 9: Lecture Method |
| Assessment Methods: | A: Traditional Written Exam |
Course Outline
| Order | Subjects | Preliminary Work |
|---|---|---|
| 1 | Ability to analyze fiscal policies to be implemented in the economic development process and interpret them for Türkiye | |
| 2 | Public services, public expenditure | |
| 3 | Public services, public expenditure II | |
| 4 | Public revenues, classification, parafiscal revenues, taxes, concepts related to taxation | |
| 5 | Principles of taxation, tax expenditures, application in Türkiye | |
| 6 | Separation, classification and features of taxes | |
| 7 | Income, corporate, expenditure taxes and other taxes | |
| 8 | Budget, principles, classification | |
| 9 | Budget, budget process | |
| 10 | Government borrowing, concepts related to borrowing, statistics, reasons, classification | |
| 11 | Local administrations finance, financial distribution, revenues, expenditures, borrowing | |
| 12 | Automatic stabilizers, discretionary fiscal policies, formula flexibility | |
| 13 | Fiscal policies to combat inflation, recession, and stagflation | |
| 14 | Scope of public finance, historical development, interaction with economics, philosophy, sociology, law and other fields |
| Resources |
| Önerilen Kaynaklar PINAR, Abuzer, Maliye Politikası Teori ve Uygulama, Ankara, Turan Kitabevi, 10. Baskı, 2019. SAEZ, Emmanuel, (2019), Dünya Eşitsizlik Raporu, İş Bankası Kültür Yayınları,İSTANBUL David N. Hyman (2010). Public Finance A Contemporary Application of Theory to Policy, 10th Edition. South Western Cengage Learning. ATAÇ, Beyhan, Maliye Politikası Gelişimi, Amaçları, Araçları ve Uygulama Sorunları, Gözden Geçirilmiş 11. Baskı, 2016. TÜRK, İsmail, Maliye Politikası, 26. Baskı, Ankara, Turhan Kitabevi, 2015. HALLER, Heinz, Maliye Politikası Teorik Esasları ve Temel Problemleri, Çev. Salih TURAN, İstanbul, Filiz Kitabevi, 1994. Nazan SUSAM, Kamu Maliyesi Temel Kavramlar ve Esaslar, 3. Baskı, Temel Kavram ve Esaslar, 2019. Nurettin BİLİCİ, Adem BİLİCİ, Kamu Maliyesi, Seçkin Yayıncılık, 2018. İsmail Türk, Kamu Maliyesi, Turhan Kitabevi, 10. Baskı, 2015. Özhan ULUATAM, Kamu Maliyesi, 13. Bası, İmaj Yayınevi, 2014. David.N. Hayman, Public Finance A Contemprary Application of Theory to Policy, 2010. |
| ADDITIONAL RESOURCES Harvey S. Rosen: “Public Finance”, International Student Edition, Irwin Inc., USA, 2010. |
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. | X | |||||
| 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. | X | |||||
| 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 | 40 | |
| Rate of Final Exam to Success | 60 | |
| Total | 100 | |