MAB743 - EXPERIMENTAL PUBLIC FINANCE

Course Name Code Semester Theory
(hours/week)		 Application
(hours/week)		 Credit ECTS
EXPERIMENTAL PUBLIC FINANCE MAB743 Fall 3 0 3 8
PrequisitesNone
Course languageTurkish
Course typeElective 
Mode of DeliveryFace-to-Face 
Learning and teaching strategiesLecture
Discussion
Question and Answer
Drill and Practice
 
Instructor (s)Department Staff 
Course objectiveProvision of public goods, Vickrey?Clarke?Groves auction, externalities and voting are some important research topics in the theory of public finance and economics. The objective of this course is to make students capable to use experimental research techniques in the study of the above mentioned issues. In this context, the aim of the course is to offer new methodological perspectives in order to examine the familiar theoretical concepts. Therefore, the course creates an opportunity for the students to question the mainstream theory via new methods. 
Learning outcomes
  1. When the course is completed, the students are expected to become familiar with the history of experimental public finance and economics
  2. to comprehend the methodology of experimental public finance and economics
  3. to become familiar with the field of application of experimental public finance and economics
  4. to be qualified to apply experimental methods in these fields
  5. to be able to comprehend and evaluate the theoretical revolution in the light methodological changes
  6. to contribute to the public finance literature by their original works
Course ContentWithin the content of the lecture, primarily, the theoretical arguments about provision of public goods, Vickrey?Clarke?Groves auction, externalities and voting will be discussed in a general framework. Secondly, the previous literature and conclusions, which has been produced via mainstream research methods, will be examined. After that, the experimental methods and the effect of the experimental research on the public finance literature will also be discussed. Additionally, experiments, which use voluntary contribution and/or Vickrey?Clarke?Groves mechanism, will be designed and run by students. 
ReferencesMcCaffery, E. J., & Slemrod, J. (2006). Behavioral Public Finance. Russell Sage.
Oda, S. H. (2007). Developments on Experimental Economics New Approaches to Solving Real-world Problems. Springer.
Plott, C. R., & Smith, V. L. (2008). Handbook of Experimental Economics Results, Amsterdam: North-Holland
Kagel, H., & Roth, A. E. (1995). The Handbook of Experimental Economics. Princeton, New Jersey: Princeton University Press.
Ostrom, E., Gardner, R., & Walker, J. (1994). Rules, Games, & Common-Pool Resources. Ann Arbor: The University of Michigan Press.
Mitchell, R. C., & Carson, R. T. (1989). Using Surveys to Value Public Goods: The Contingent Valuation Method. Baltimore, MD: Johns Hopkins University Press.
Jha, R. (1998). Modern Public Economics. London, New York: Routledge 

Course outline weekly

WeeksTopics
Week 1Introduction to the Course: Extent, Scope and Key Concepts
Week 2History: Experimental Public Finance and Economics
Week 3Methodology: Experimental Public Finance and Economics
Week 4Field of Application: Experimental Public Finance and Economics
Week 5Public Goods, Externalities, and Voting
Week 6Voluntary Contribution Mechanism
Week 7Determinants of the Public Good Provision
Week 8Midterm
Week 9Vickrey-Clarke-Groves Mechanism
Week 10Stated Preference Method
Week 11Revealed Preference Method
Week 12Experimental Design
Week 13Instructions and Process
Week 14Application: Pilot
Week 15Preparation for Final Exam
Week 16Final Exam

Assesment methods

Course activitiesNumberPercentage
Attendance00
Laboratory00
Application00
Field activities00
Specific practical training00
Assignments00
Presentation125
Project00
Seminar00
Midterms125
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 Preparation12020
Project000
Homework assignment000
Midterms (Study duration)12020
Final Exam (Study duration) 13838
Total Workload2991240

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