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MLY4004Fiscal Policy3+0+0ECTS:4
Year / SemesterSpring Semester
Level of CourseFirst Cycle
Status Elective
Prerequisites and co-requisitesNone
Mode of Delivery
Contact Hours14 weeks - 3 hours of lectures per week
LecturerProf. Dr. Levent Yahya ESER
Co-LecturerProf. Dr. Birol KARAKURT
Language of instructionTurkish
Professional practise ( internship ) None
The aim of the course:
The aim of this course is to give general information about the application of fiscal policy and fiscal policy, economic growth and stability is to explain how benefited.
Learning OutcomesCTPOTOA
Upon successful completion of the course, the students will be able to :
LO - 1 : describe the basic concepts of fiscal policy21,
LO - 2 : expansionary and contractionary fiscal policy to explain the differences21,
LO - 3 : Predict the various effects of the economic and social aspects of fiscal policy21,
LO - 4 : learn how fiscal policies can be used against economic problems21,
LO - 5 : the relationship between fiscal policy and political approaches özetleyebilecekecek21,
CTPO : Contribution to programme outcomes, TOA :Type of assessment (1: written exam, 2: Oral exam, 3: Homework assignment, 4: Laboratory exercise/exam, 5: Seminar / presentation, 6: Term paper), LO : Learning Outcome

Contents of the Course
Fiscal policy: some definitions, objectives and tools, the effects of fiscal policy. Discussions on the effectiveness of fiscal policy: Classical approach, Keynesian Approach, Monetarist approach, the supply-side approach, a new approach to classical and new Keynesian approach. Fiscal policy and national income balance: the multiplier-accelerating model, the income multiplier, spending multiplier, balanced budget multiplier. Relative effectiveness of open and closed economy, monetary and fiscal policies. Active in ensuring economic stability / fiscal policy of automatic and voluntary. Inflation and fiscal policy. Recession and fiscal policy: the causes of recession, fiscal policy against recession. Stagflation and fiscal policy. The budget deficit problem and fiscal policy. Fiscal policy and ensure economic development. Economic stability and fiscal policy: The case of Turkey.
Course Syllabus
 WeekSubjectRelated Notes / Files
 Week 1Relation between Fiscal Policy and Economic Policy
 Week 2Objectives of Fiscal Policy and Economic Policy Objectives and Fiscal Policy Tools
 Week 3Economic Thought and Fiscal Policy of Fiscal Policy and Fiscal Policy Monetarizim Keynesian and Classical Releases
 Week 4Economic Thought and Fiscal Policy-I of Fiscal Policy and Fiscal Policy Monetarizim Keynesian and Classical Releases
 Week 5National Income Multiplier Balanced Budget and Fiscal Policy Fiscal Policy Multipliers
 Week 6Effectiveness of Fiscal Policy, Fiscal Policy and Economic Stability Realization of the IS and LM curves IS and LM Curves Change (Financial and Monetary Expansion)
 Week 7Voluntary Implementation Methods of Fiscal Policy Fiscal Policy (Financial Expansion) Limitations of Fiscal Policy Automatic Stabilizers
 Week 8Inflation and Fiscal Policy: Cost of Inflation
 Week 9Midterm Exam
 Week 10Stagnation and Fiscal Policy: The Effects of Fiscal Policy and Stimulating Effects of Exclusion
 Week 11Stagflation and Fiscal Policy: Inflation and Unemployment
 Week 12Budget Deficit and Fiscal Policy and Public Finance Fiscal Sustainability and Fiscal Constraint Budget Deficits in Turkey, and Turkey's Financial Position
 Week 13Fiscal Discipline and Fiscal Policy
 Week 14Organizational Justice and Finance, Fiscal Policy and Income Distribution and Income Redistribution Policy Public Intervention
 Week 15Fiscal policy and Growth in Fiscal Policy and Economic Development Public Finance and Economic Development in Turkey
 Week 16Final Exam
Textbook / Material
1Pınar, A., 2021; Maliye Politikası, Doruk Kitabevi. 11. Baskı, Ankara
Recommended Reading
1Ulusoy, A. 2018; Maliye Politikası, Umuttepe Yayınları,10. Baskı, Trabzon
Method of Assessment
Type of assessmentWeek NoDate

Duration (hours)Weight (%)
Mid-term exam 9 04/2024 1 50
End-of-term exam 16 06/2024 1 50
Student Work Load and its Distribution
Type of workDuration (hours pw)

No of weeks / Number of activity

Hours in total per term
Yüz yüze eğitim 3 14 42
Sınıf dışı çalışma 3 14 42
Arasınav için hazırlık 6 2 12
Arasınav 1 1 1
Dönem sonu sınavı için hazırlık 11 2 22
Dönem sonu sınavı 1 1 1
Total work load120