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Course Description Course Name : Economic Policy Course Code : EC 403 Course Type : Compulsory Level of Course : First Cycle Year of Study : 4 Course Semester : Fall (16 Weeks) ECTS : 5 Name of Lecturer(s) : Asst.Prof.Dr. ERHAN İŞCAN Learning Outcomes of the Course : Compare new classical and new Keynesian approaches in the frame of general economic policy. Understand how to use economic policy instruments to achieve the objectives of economic policy. Know new classical and new Keynesian approaches in the frame of general economic policy. Mode of Delivery : Face-to-Face Prerequisites and Co-Prerequisites : None Recommended Optional Programme Components : None Aim(s) of Course : Fluctuations in short-term and long-term trend of economic growth, unemployment, inflation, and introduce basic macroeconomic approaches related to public and external deficits, define economic policy objectives and economic policy tools appropriate for these targets. Course Contents : The definition and concepts of economic policy, economic policy and public institutions, international organizations, economic policy and economic policy goals and objectives, economic policy tools, decision-making methods, alternative approaches to economic policy, Classical, Keynesian, Monetarist, New Classical, New Keynesian. Language of Instruction : Turkish Work Place : Faculty Classrooms   Course Outline /Schedule (Weekly) Planned Learning Activities Week Subject Student's Preliminary Work Learning Activities and Teaching Methods 1 Define basic concepts and principles of political economy Reading course books Lecture, problem session, and case studies 2 Classify economic agents which compose economic system and its functions Reading course books Lecture, problem session, and case studies 3 Debate the pros and cons of government intervention Reading course books Lecture, problem session, and case studies 4 Identify the station which requires applications to economic policy Reading course books Lecture, problem session, and case studies 5 Describe goals and means of economic policy Reading course books Lecture, problem session, and case studies 6 Classify the political proposals of traditional and current school Reading course books Lecture, problem session, and case studies 7 Compare the working of current and traditional economic institutions Reading course books Lecture, problem session, and case studies 8 Mid-term exam Prepare to exam written exam 9 Interpret the relationships between real economy and economic agents Reading course books Lecture, problem session, and case studies 10 Assess the efficiency of applied economic policy by use of economic indication Reading course books Lecture, problem session, and case studies 11 Evaluate the coherency applied economic policy according to its rule and norm Reading course books Lecture, problem session, and case studies 12 Being able to establish a connection between economic policies and administrative decisions. Reading course books Lecture, problem session, and case studies 13 Harmonizing economic policies with enterprise decisions. Reading course books Lecture, problem session, and case studies 14 Making interpretations about real economic indicators. Reading course books Lecture, problem session, and case studies 15 Making interpretations about monetary indicators. Reading course books Lecture, problem session, and case studies 16/17 Final exam prepare to exam written exam   Required Course Resources Resource Type Resource Name Recommended Course Material(s)  1. Vural SAVAŞ, Politik İktisat, Beta Yayınları, İstanbul, 2002.. 2. Mahfi EĞİLMEZ-Ercan KUMCU, Ekonomi Politikası, Teori ve Türkiye Uygulaması, Remzi Kitabevi, 2004. Required Course Material(s)   Assessment Methods and Assessment Criteria Semester/Year Assessments Number Contribution Percentage     Mid-term Exams (Written, Oral, etc.) 1 60     Homeworks/Projects/Others 0 40 Total 100 Rate of Semester/Year Assessments to Success 40   Final Assessments 100 Rate of Final Assessments to Success 60 Total 100   Contribution of the Course to Key Learning Outcomes # Key Learning Outcome Contribution* 1 Explain the importance of demand and supply in economy science and the well-running conditions of the market economy 1 2 Define the role of pricing within the event advantage of the market economy. 1 3 Define the role of the state in economy, money and financial policies, the central bank and the structure of the market. 3 4 Perceive the costs and benefits arising from the global economy 4 5 Produce numerical and policy options when confronted with problems. 2 6 Use quantitative and qualitative techniques of model building, decoding and interpretation. 3 7 Use the theory of economics in the analysis of economic events. 3 8 Use computer programs, do synthesis and present prepared data efficiently. 2 9 Apply the methods of economic analysis. 1 10 Analyze at conceptual level and acquires ability in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems 5 11 Take responsibility individually and / or in a team, take leadership and work effectively. 3 12 Follow innovative developments in the field being aware of the necessity of lifelong learning and improving him-/herself.. 3 13 Use of different sources about an unfamiliar field within academic principles, synthesize gained data and presents effectively. 5 14 Use Turkish and at least one foreign language in accordance with the requirements of academic and work life. 3 15 Understand and interpret related people´s feelings, thoughts, and behaviours correctly; expresse him-/herself accurately in written and oral language. 5 16 Question traditional attitudes, applications and methods, develop and apply new methods when needed. 1 17 Recognize and apply social, scientific and professional ethical values. 1 * Contribution levels are between 0 (not) and 5 (maximum).   Student Workload - ECTS Works Number Time (Hour) Total Workload (Hour) Course Related Works     Class Time (Exam weeks are excluded) 14 3 42     Out of Class Study (Preliminary Work, Practice) 14 5 70 Assesment Related Works     Homeworks, Projects, Others 0 0 0     Mid-term Exams (Written, Oral, etc.) 1 1 1     Final Exam 1 2 2 Total Workload: 115 Total Workload / 25 (h): 4.6 ECTS Credit: 5