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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) : Prof.Dr. HÜSEYİN MAHİR FİSUNOĞLU Learning Outcomes of the Course : Recognizes and compares new classical and new Keynesian approaches to economic policy in general . Uses economic policy instruments to understand how to achieve the objectives of 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 public and external deficits to introduce the basic macroeconomic approaches, economic policy objectives and economic policy tools appropriate to define these goals. 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 the economic agent 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 Midterm exam 9 Interpret the relationships between real and economy and economic agent 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 He/She can establish a connection with economic policies and administrative decisions. Reading course books Lecture, problem session, and case studies 13 He/She can harmonize the economic policies with enterprise decisions. Reading course books Lecture, problem session, and case studies 14 He/She can make interpretations about real economic indicators. Reading course books Lecture, problem session, and case studies 15 He/She can make interpretations about monetary indicators. Reading course books Lecture, problem session, and case studies 16/17 Final exam.   Required Course Resources Resource Type Resource Name Recommended Course Material(s)   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.) 1 100     Homeworks/Projects/Others 0 0 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 Models problems with Mathematics, Statistics, and Econometrics 3 2 Explains Econometric concepts 2 3 Estimates the model consistently and analyzes & interprets its results 3 4 Acquires basic Mathematics, Statistics and Operation Research concepts 1 5 Equipped with the foundations of Economics, and develops Economic models 1 6 Describes the necessary concepts of Business 3 7 Acquires the ability to analyze, benchmark, evaluate and interpret at conceptual levels to develop solutions to problems 5 8 Collects, edits, and analyzes data 5 9 Uses a package program of Econometrics, Statistics, and Operation Research 5 10 Effectively works, take responsibility, and the leadership individually or as a member of a team 2 11 Awareness towards life-long learning and follow-up of the new information and knowledge in the field of study 3 12 Develops the ability of using different resources in the form of academic rules, synthesis the information gathered, and effective presentation in an area which has not been studied 2 13 Uses Turkish and at least one other foreign language, academically and in the business context 3 14 Good understanding, interpretation, efficient written and oral expression of the people involved 4 15 Questions traditional approaches and their implementation while developing alternative study programs when required 1 16 Recognizes and implements social, scientific, and professional ethic values 4 17 Follows actuality, and interprets the data about economic and social events 1 18 Improves himself/herself constantly by defining educational requirements considering interests and talents in scientific, cultural, art and social fields besides career development 5 * 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