COURSE DESCRIPTION AND APPLICATION INFORMATION

Course Name Code Semester T+A+L (hour/week) Type (C / O) Local Credit ECTS
Public Economics EC 540 Spring 03+00+00 Elective 3 7.5
Academic Unit:
Mode of Delivery: Face to face
Prerequisites: None
Language of Instruction: English
Level of Course Unit: Graduate
Course Coordinator: Osman ZAİM
Course Objectives: This course provides the students with a formal presentation of analytical issues in Public Economics with a special emphasis on household and firm behavior within a market economy.
Course Contents: Effects of taxation on labor supply, savings, risk-taking, and investments tax incidence taxation and debt dynamics re-distribution of income through fiscal policy.
Learning Outcomes of the Course Unit (LO):
  • 1- Perform a proper microeconomic analysis of efficiency of taxation
  • 2- Perform a proper microeconomic analysis of tax incidence and income re-distribution
  • 3- Discuss the trade-offs between efficiency and equity
  • 4- Analyze the deficiencies of a given tax scheme
Planned Learning Activities and Teaching Methods: The material will be delivered in-class following the recommended texts. Student feedback will be measured through homeworks.


WEEKLY SUBJECTS AND RELATED PREPARATIONS

WeekSubjectsRelated Preperation
1 Introduction to Public Economics Household Decisions, Income Taxation and Labor Supply (Chapter 1,2, Atkinson and Stiglitz)
2 Taxation, Savings and Decisions Over Time (Chapter 3, Atkinson and Stiglitz)
3 Taxation, Savings and Decisions Over Time (Chapter 3, Atkinson and Stiglitz)
4 Taxation and Risk-Taking (Chapter 4, Atkinson and Stiglitz)
5 Taxation and Risk-Taking (Chapter 4, Atkinson and Stiglitz)
6 Taxation and the Firm (Chapter 5, Atkinson and Stiglitz)
7 Taxation and the Firm (Chapter 5, Atkinson and Stiglitz)
8 Tax Incidence?Simple Competitive Equilibrium Model (Chapter 6, Atkinson and Stiglitz)
9 Tax Incidence?Simple Competitive Equilibrium Model (Chapter 6, Atkinson and Stiglitz)
10 Tax Incidence: Departures from the Standard Model (Chapter 7, Atkinson and Stiglitz)
11 Taxation and Debt in a Growing Economy (Chapter 8, Atkinson and Stiglitz)
12 Taxation and Debt in a Growing Economy (Chapter 8, Atkinson and Stiglitz)
13 Distributional Effect of Taxation and Public Expenditure (Chapter 9, Atkinson and Stiglitz)
14 Theories of the State and Public Economics (Chapter 10, Atkinson and Stiglitz)


REQUIRED AND RECOMMENDED READING

Anthony B. Atkinson and Joseph E. Stiglitz, 1980, Lectures on Public Economics, McGraw-Hill International Editions.


OTHER COURSE RESOURCES

A collection of papers will be provided.


ASSESSMENT METHODS AND CRITERIA

Semester RequirementsNumberPercentage of Grade (%)
Homework Assignments 5 10
Midterms / Oral Exams / Quizes 2 50
Final Exam 1 40
Total: 8 100


WORKLOAD

EventsCountDuration (Hours)Total Workload (hour)
Course Hours14342
Homework Assigments5525
Extra-Class Activities (reading,individiual work, etc.)14570
Midterms / Oral Exams / Quizes22040
Final Exam12020
Total Workload (hour):197


THE RELATIONSHIP BETWEEN COURSE LEARNING OUTCOMES (LO) AND PROGRAM QUALIFICATIONS (PQ)

# PQ1 PQ2 PQ3 PQ4 PQ5 PQ6 PQ7 PQ8 PQ9
LO1                  
LO2                  
LO3                  
LO4