MAB754 - FISCAL THEORY and POLICY

Course Name Code Semester Theory
(hours/week)		 Application
(hours/week)		 Credit ECTS
FISCAL THEORY and POLICY MAB754 2nd Semester 3 0 3 7
PrequisitesNone
Course languageTurkish
Course typeMust 
Mode of DeliveryFace-to-Face 
Learning and teaching strategiesLecture
Discussion
 
Instructor (s)Department Staff 
Course objectiveBased on key articles in the literature the aim of the course is to accomplish students to analyze results of fiscal policy in the area of economic stability, economic development and growth, income distribution. 
Learning outcomes
  1. 1-Analyze that relationship between government intervention and use of fiscal policy,
  2. 2-Debate on effectiveness of fiscal policy around the theoretical approaches,
  3. 3-Evaluate the results of fiscal policy,
  4. 4-Analyze the effects of fiscal policy in economic crisis,
  5. 5-Identify the economic justification of the state,
  6. 6-Analyze the use fiscal policy in line with economic development and growth target,
  7. 7-Analyze the effects of fiscal policy over re-distribution of income.
Course ContentDecisions of households, income tax ve labor supply, taxation, time dimension of savings and decisions, taxation and risk-taking, taxation and company, tax-shifting, taxation and borrowing of a growing economy, distributional effects of public expenditure and taxes, state theories and public economy, introduction to the normative analysis, the construction of indirect taxes, the construction of income tax, the optimal tax problem, public sector pricing, social goods, the local social goods. 
ReferencesMitchell, W., J. Muysken (2008) Full Employment Abandoned. Edward Elgar Pub.
Hansen, B. (2003) The Economic Theory of Fiscal Policy, Routledge.
 

Course outline weekly

WeeksTopics
Week 1Caincross, A. (1985) `Economics in Theory and Practice', American Economic Review, No. 75, s. 1-14.
Week 2Buchanan, J. M. (1975) `Public Finance and Public Choice', National Tax Journal, No. 28, s. 383-394.
Week 3Brunner, K. And Meckling, W. H. (1977) `The Perception of Man and the Conception of Government', Journal of Money, Credit and Banking , No. 9, s. 70-85.
Week 4Coase, R. H. (1960) `The Problem of Social Cost', Journal of Law and Economics, No. 3, s. 1-44.
Week 5Tideman, T. N. and Tullock, G. (1976) `A New and Superior Process for Making Social Choices, The Journal of Political Economy, Cilt. 6, No. 84, s. 1145-1159.
Week 6Midterm Exam
Week 7Kindleberger, C. P. (1986) `International Public Goods without International Government', The American Economic Review, Cilt. 1, No. 76, s. 1-13.
Week 8Arrow, K. J. (1973) `Some Ordinalist-Utilitaran Notes on Rawls's Theory of Justice', The Journal of Philosophy, Cilt. 9, No. 70, s. 245-263.
Week 9Tollison, R. D. (1982) `Rent Seeking: A Survey', Kyklos, Cilt. 4, No. 35, s. 575-602.
Week 10Ramsey, F. (1927) `A Contribution to the Theory of Taxation', Economic Journal, No. 37, s. 47-61.
Week 11Midterm Exam
Week 12Barro, R. (1974) `Are Governments Bonds Net Wealth', Journal of Political Economy, No. 82, s. 1095-1117.
Week 13Harberger, A. C. (1962) `The Incidence of the Corporation Income Tax', Journal of Political Economy, Cilt. 3, No. 70, s. 215-240.
Week 14Wilson, J. D. (1999), `Theories of Tax Competition', National Tax Journal, No. 52, s. 269-304.
Week 15 Besley, T. and Case, A. (1995) `Incumbent Behavior: Vote-seeking, Tax-setting, and Yardstick Competition', American Economic Review, Cilt. 1, No. 85, s. 25-45.
Week 16Final Exam

Assesment methods

Course activitiesNumberPercentage
Attendance00
Laboratory00
Application00
Field activities00
Specific practical training00
Assignments110
Presentation110
Project00
Seminar00
Midterms230
Final exam150
Total100
Percentage of semester activities contributing grade succes450
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)14570
Presentation / Seminar Preparation11010
Project000
Homework assignment12020
Midterms (Study duration)22346
Final Exam (Study duration) 12222
Total Workload3383210

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