MAB741 - DECISION MAKING IN THE PUBLIC FINANCIAL MANAGEMENT

Course Name Code Semester Theory
(hours/week)		 Application
(hours/week)		 Credit ECTS
DECISION MAKING IN THE PUBLIC FINANCIAL MANAGEMENT MAB741 Fall 3 0 3 8
PrequisitesNone
Course languageTurkish
Course typeElective 
Mode of DeliveryFace-to-Face 
Learning and teaching strategiesLecture
Discussion
Drill and Practice
 
Instructor (s)Department Staff 
Course objectiveThe limited resources in the public sector, as in the whole economy, also restrict financial management; the resources must be canalized to the most appropriate areas to meet efficiency and effectiveness criteria. In this context, it is necessary to adapt the decision-making processes, which are considered mostly at a micro level, to public financial management. Within this scope, the purpose is to examine this new perspective that has brought to agenda within the scope of current developments in public financial management and to analyse the decision-making processes methodically through (Excel) application examples by going beyond this.  
Learning outcomes
  1. When the course is completed, the students are expected
  2. to realize the importance of decision-making in public financial management,
  3. to comprehend the decision-making methods,
  4. to be able to choose the appropriate method for decision making,
  5. to be qualified to apply these methods,
  6. to be able to interpret the public policy outputs that the method offered,
  7. to utilize the attainment from the lecture in the Ph.D. dissertation process so as to contribute to the public finance literature by their original works.
Course ContentThe content is to deal with the decision-making problem, which forms the basis of policy processes, in the axis of public finance management and examines the methods utilized in this context based on (public sector) applications and solutions.
Within the content of the lecture, primarily, public financial management and decision-making process as an element of it will also be discussed in a general framework. After that, decision-making methods will be examined both theoretically and practically using Excel analysis. 
ReferencesGreco S., Ehrgott M., Figueria J. (2016), Multiple Criteria Decision Analysis, New York: Springer.
Ulucan A. (2004), Yöneylem Araştırması, Siyasal Kitabevi.
Winston, W.L. (2004), Operations Research: Applications and Algorithms, Thomson/Brooks-Cole.
Thanassoulis E. (2001), Introduction to the Theory and Application of Data Envelopment Analysis, Kluwer Academic Publishers.
Rosen, H.S. (2014), Public Finance, McGraw Hill.
OECD (2018), Kamuda Karar Alma Süreçleri DeÄŸerlendirme Raporu. 

Course outline weekly

WeeksTopics
Week 1Introduction to the Course: Extent, Scope and Key Concepts
Week 2A General View on the Decision Making Process in the Public Financial Management
Week 3A General Evaluation of the Decision Making Methods
Week 4Cost-Benefit Analysis (CBA)
Week 5Cost Effectiveness Analysis (CEA)
Week 6Applied Examples from the Public Sector Practices by CBA and CBE
Week 7Evaluation of the Application Results
Week 8Midterm
Week 9Efficiency Analysis by Non-Parametric Methods
Week 10Applied Examples from the Public Sector Practices-Data Envelopment Analysis
Week 11Evaluation of the Application Results
Week 12Multiple Criteria Decision Making in the Public Sector
Week 13Analytic Hierarchy Process (AHP)
Week 14Topsis Method
Week 15Preparation for Final Exam
Week 16Final Exam

Assesment methods

Course activitiesNumberPercentage
Attendance00
Laboratory00
Application00
Field activities00
Specific practical training00
Assignments120
Presentation110
Project00
Seminar00
Midterms120
Final exam150
Total100
Percentage of semester activities contributing grade succes350
Percentage of final exam contributing grade succes150
Total100

WORKLOAD AND ECTS CALCULATION

Activities Number Duration (hour) Total Work Load
Course Duration (x14) 14 3 42
Laboratory 0 0 0
Application000
Specific practical training000
Field activities000
Study Hours Out of Class (Preliminary work, reinforcement, ect)1210120
Presentation / Seminar Preparation11010
Project000
Homework assignment11818
Midterms (Study duration)12020
Final Exam (Study duration) 13030
Total Workload3091240

Matrix Of The Course Learning Outcomes Versus Program Outcomes

D.9. Key Learning OutcomesContrubition level*
12345
1. The student deepens the actual and advanced knowledge in his/her field by leaning to his/her graduate competence, reaches original definations to bring innovation to his/her field. The student realized interdisciplinary interaction andcome to original conclusions by using expert's knowledge in analysis, synthesis and evaluation of new and complex ideas.    X
2. The student has knowledge and interpretation skills about economic and fiscal phases of societies and relations between societies.   X 
3. The student has the skill of knowledge transferring the knowledge in his/her filed.    X
4. The student has mastered basic knowledge of statistics and processes of reasonning which are necessary for his/her field.   X 
5. The student has skills of analyzing teh knowledge he/she acquired in his/her field, interpreting and evaluating them using the knowledge he/she brought from other fields, making suggestions for solution, evaluating critical approaches. Within the process he/she behaves in harmony with cultural, scientific and ethical values.   X 
6. The student can prepare reports and works inaccordance with academic rules in the light of the knowledge he/she acquired in his/her field.    X
7. The student produces new information by interpreting the acqired knowledge. He/she makes original presentations in national and/or international meetings, has published at least one article as an individual or within the team.    X
8. The student aware of the continuity of education an learning.    X

*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest