ECON312 FISCAL POLICY AND PUBLIC FINANCE

Course Code:3110312
METU Credit (Theoretical-Laboratory hours/week):3 (3.00 - 0.00)
ECTS Credit:6.5
Department:Economics
Language of Instruction:English
Level of Study:Undergraduate
Course Coordinator:Assoc.Prof.Dr. SERAP AŞIK
Offered Semester:Fall and Spring Semesters.

Course Objectives

At the end of this course the students will know

  • the basic notions about public sector economics,  
  • microeconomic functions of the government,
  • basic issues related to government budget,
  • theories of public expenditure growth 
  • tax analysis

Course Content

Introduction to fiscal theory and policy. Government expenditures. Budgeting. Taxation and subsidies. Government finance.


Course Learning Outcomes

Student, who passed the course satisfactorily will be able to:

  • differentiate between different types of goods (public, private, club, common property resources)
  • understand the difference between neoclassical and Marxian analysis of public sector
  • understand how positive and normative analysis tools are used to find answers to the problems of public sector economics

Program Outcomes Matrix

Level of Contribution
#Program Outcomes0123
1Use and develop skillfully economic concepts and theories, analyse economic behaviour and events by conceptualizing and evaluating via scientific methods (Has skills regarding theory and analysis)
2Evaluate how economic policies affect economic performance and how economic interest, relationship and interaction affect policy decisions (Knowledgeable about economic policies)
3Design and carry out studies regarding data collection, analysis and evaluation, that can be used in decision processes at every level (individual, firm, government, etc.)(Knowledgeable about quantitative and qualitative methods)
4Evaluate systematically and compare economic knowledge, phenomena and methodology; Develop critical, creative/innovative approaches to these (Critical, creative, innovative)
5Understand current economic phenomena and relevant political developments using information and data from various resources and provide multifaceted explanations (Concerned about current events)
6Follow developments in economic theory and methods; Be open to continuous learning (Open to continuous learning)
7Have skills to work independently and in a team (Individual and teamwork)
8Approach critically to economic and societal events and problems while being sensitive to social problems; Produce solutions to these problems by scientific approach; Share own thoughts (Sensitive to social problems)
9Communicate clearly, effectively and fluently (in English and Turkish) verbally and in writing, utilizing new technologies (Has effective communication skills)

0: No Contribution 1: Little Contribution 2: Partial Contribution 3: Full Contribution