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.
Public Economics (ECON 320)
2024 Fall
Faculty of Arts and Social Sciences
Economics(ECON)
3
6
Emrehan Aktuğ emrehan.aktug@sabanciuniv.edu,
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English
Undergraduate
ECON201 ECON202 ECON204
Formal lecture
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| Programs\Type | Required | Core Elective | Area Elective |
| Economics | * | ||
| Economics | * | ||
| Energy Minor | * | ||
| Political Science | * | ||
| Political Science and International Relations | * | ||
| Political Science and International Relations | * | ||
| Political Science (Previous Name: Social and Political Sciences) | * |
CONTENT
OBJECTIVE
Introduction to the formal analysis of public sector.
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. Understand the world, their country, their society, as well as themselves and have awareness of ethical problems, social rights, values and responsibility to the self and to others. 4
2. Understand different disciplines from natural and social sciences to mathematics and art, and develop interdisciplinary approaches in thinking and practice. 3
3. Think critically, follow innovations and developments in science and technology, demonstrate personal and organizational entrepreneurship and engage in life-long learning in various subjects; have the ability to continue to educate him/herself. 4
4. Communicate effectively in Turkish and English by oral, written, graphical and technological means. 3
5. Take individual and team responsibility, function effectively and respectively as an individual and a member or a leader of a team; and have the skills to work effectively in multi-disciplinary teams. 3
1. Possess sufficient knowledge of mathematics, science and program-specific engineering topics; use theoretical and applied knowledge of these areas in complex engineering problems. 1
2. Identify, define, formulate and solve complex engineering problems; choose and apply suitable analysis and modeling methods for this purpose. 1
3. Develop, choose and use modern techniques and tools that are needed for analysis and solution of complex problems faced in engineering applications; possess knowledge of standards used in engineering applications; use information technologies effectively. 1
4. Have the ability to design a complex system, process, instrument or a product under realistic constraints and conditions, with the goal of fulfilling specified needs; apply modern design techniques for this purpose. 2
5. Design and conduct experiments, collect data, analyze and interpret the results to investigate complex engineering problems or program-specific research areas. 1
6. Possess knowledge of business practices such as project management, risk management and change management; awareness on innovation; knowledge of sustainable development. 3
7. Possess knowledge of impact of engineering solutions in a global, economic, environmental, health and societal context; knowledge of contemporary issues; awareness on legal outcomes of engineering solutions; knowledge of behavior according to ethical principles, understanding of professional and ethical responsibility. 1
8. Have the ability to write effective reports and comprehend written reports, prepare design and production reports, make effective presentations, and give and receive clear and intelligible instructions. 3
1. Provide constructive analysis of economic phenomena at the national and international level, and interactions between the two. 2
2. Develop an understanding of organizations and institutions in the society as well as their influence on the economy. 5
3. Recognize how incentives shape the behavior of individuals and organizations. 5
4. Identify "economic" problems and propose alternative models and/or design and conduct research to provide viable solutions using theoretical tools and/or quantitative methods. 4
5. Communicate problems and solutions to managerial and policy decision-making units as well as to lay audiences. 5
1. To analyze national and global events from various social science perspectives. 4
2. To demonstrate theoretical and practical knowledge on political science and international relations and to state views and positions with advanced oral and written skills. 1
3. To compete for increasing career opportunities in national and global institutions. 4
4. To (be able to) understand and follow the changes in political behaviours, opinions and structures. 1
5. To gain the ability to make logical inferences on social and political issues based on comparative and historical knowledge. 3
1. Understand and follow changes in patterns of political behavior, ideas and structures. 1
2. Develop the ability to make logical inferences about social and political issues on the basis of comparative and historical knowledge. 3
Update Date:
ASSESSMENT METHODS and CRITERIA
| Percentage (%) | |
| Final | 40 |
| Midterm | 60 |
RECOMENDED or REQUIRED READINGS
| Readings |
1) Lecture on Public Economics; A. Atkinson and J. Stiglitz; McGraw-Hill. Chapter 1. Foundations of Public Economics: What is Public Economics? Pareto Chapter 2. Inequality and Redistribution |