Public Economics (ECON 520)

2021 Fall
Faculty of Arts and Social Sciences
Economics(ECON)
3
10
Hakkı Özdenören hakki.ozdenoren@sabanciuniv.edu,
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English
Doctoral, Master
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CONTENT

Fundamental theorems of welfare economics; theories of government; public goods; externalities; public choice; income redistribution; taxation, income distribution and efficiency; public production, incentives and the bureaucracy; privatization.

LEARNING OUTCOMES

  • The course participants are supposed to achieve ? knowledge of central concepts and basic models of modern public economics based on second best welfare theory ? relevant knowledge of actual policies ? some knowledge of relevant issues currently on the political agenda Skills: The course participants are supposed to acquire abilities to ? explain the economic contents and trade-offs captured by the models, ? discuss the assumptions, relevance, and limitations of the models, ? identify and analyse policy problems in public economics, ? assess arguments appearing in the policy debate.

PROGRAMME OUTCOMES


1. Develop and deepen the current and advanced knowledge in the field with original thought and/or research and come up with innovative definitions based on Master's degree qualifications 5

2. Conceive the interdisciplinary interaction which the field is related with ; come up with original solutions by using knowledge requiring proficiency on analysis, synthesis and assessment of new and complex ideas. 5

3. Evaluate and use new information within the field in a systematic approach. 5

4. Develop an innovative knowledge, method, design and/or practice or adapt an already known knowledge, method, design and/or practice to another field; research, conceive, design, adapt and implement an original subject. 5

5. Critical analysis, synthesis and evaluation of new and complex ideas. 5

6. Gain advanced level skills in the use of research methods in the field of study. 4

7. Contribute the progression in the field by producing an innovative idea, skill, design and/or practice or by adapting an already known idea, skill, design, and/or practice to a different field independently. 5

8. Broaden the borders of the knowledge in the field by producing or interpreting an original work or publishing at least one scientific paper in the field in national and/or international refereed journals. 3

9. Demonstrate leadership in contexts requiring innovative and interdisciplinary problem solving. 4

10. Develop new ideas and methods in the field by using high level mental processes such as creative and critical thinking, problem solving and decision making. 5

11. Investigate and improve social connections and their conducting norms and manage the actions to change them when necessary. 5

12. Defend original views when exchanging ideas in the field with professionals and communicate effectively by showing competence in the field. 5

13. Ability to communicate and discuss orally, in written and visually with peers by using a foreign language at least at a level of European Language Portfolio C1 General Level. 4

14. Contribute to the transition of the community to an information society and its sustainability process by introducing scientific, technological, social or cultural improvements. 5

15. Demonstrate functional interaction by using strategic decision making processes in solving problems encountered in the field. 5

16. Contribute to the solution finding process regarding social, scientific, cultural and ethical problems in the field and support the development of these values. 5


1. Develop the ability to use critical, analytical, and reflective thinking and reasoning 5

2. Reflect on social and ethical responsibilities in his/her professional life. 5

3. Gain experience and confidence in the dissemination of project/research outputs 3

4. Work responsibly and creatively as an individual or as a member or leader of a team and in multidisciplinary environments. 3

5. Communicate effectively by oral, written, graphical and technological means and have competency in English. 4

6. Independently reach and acquire information, and develop appreciation of the need for continuously learning and updating. 5


1. Develop, interpret and use statistical analyses in decision making. 2


1. Develop a thorough knowledge of theories, concepts, and research methods in the field and apply them in research design and data analysis. 5

2. Assess the impact of the economic, social, and political environment from a global, national and regional level. 5

3. Know how to access written and visual, primary and secondary sources of information, interpret concepts and data from a variety of sources in developing disciplinary and interdisciplinary analyses. 5


1. Understand the policy-making process in the contemporary world. 4

2. Contribute to the design of public policy using a multidisciplinary perspective in specific policy areas. 4

3. Develop ability to evaluate the impact of public policy. 4