Information Package / Course Catalogue
Budget Policy
Course Code: MLY202
Course Type: Non Departmental Elective
Couse Group: First Cycle (Bachelor's Degree)
Education Language: Turkish
Work Placement: N/A
Theory: 3
Prt.: 0
Credit: 3
Lab: 0
ECTS: 5
Objectives of the Course

The aim of this course is to analyze the effects of budgetary policies on economic stability, income distribution, and resource allocation. It provides students with an understanding of how fiscal policies implemented through public expenditures and revenues impact macroeconomic indicators. Additionally, the course aims to offer a comparative perspective through the theoretical foundations and practical examples of various budget policies.

Course Content

This course covers the definition, scope, and objectives of budgetary policy. It examines how public expenditures and revenues are used within the scope of budget policy and their effects on economic stability, growth, full employment, and income distribution. Additionally, the course addresses the theoretical foundations of budget policies within classical, Keynesian, and contemporary economic approaches, as well as their practical applications in Turkey and around the world, with a focus on fiscal discipline and sustainable fiscal policies.

Name of Lecturer(s)
Lec. Gülizar Seda YILMAZ
Learning Outcomes
1.The student will be able to explain the fundamental concepts and objectives of budgetary policy.
2.The student will be able to analyze the economic impacts of public expenditure and revenue policies.
3.The student will be able to compare theoretical approaches related to budget policies.
4.The student will be able to evaluate the causes of budget deficits and the methods of financing them.
5.The student will be able to examine and compare budget policy practices in Turkey and around the world.
Recommended or Required Reading
1.Kamil Tüğen (2013). Public Budget, izmir. - Samuelson and Nordhaus (1989) Economics and lecture notes
2.Auerbach, A. J., & Kotlikoff, L. J. (1998). Fiscal Policy: Theory and Practice. MIT Press.
Weekly Detailed Course Contents
Week 1 - Theoretical
Introduction to Budget Policy; Definition, importance, and general economic effects of budgetary policy.
Week 2 - Theoretical
Objectives of Budget Policy; Goals such as economic stability, full employment, equitable income distribution, and resource allocation.
Week 3 - Theoretical
Public Expenditure Policy; Classification of public expenditures and their economic impacts.
Week 4 - Theoretical
Public Revenue Policy; Tax policies, tax justice, and their economic consequences.
Week 5 - Theoretical
Theoretical Approaches in Budget Policy I; Classical and Keynesian approaches.
Week 6 - Theoretical
Theoretical Approaches in Budget Policy II; Monetarist and contemporary approaches.
Week 7 - Theoretical
Fiscal Balance, Deficit, and Surplus; Causes and effects of budget deficits and surpluses.
Week 8 - Theoretical
Financing Budget Deficits; Methods such as borrowing and monetary expansion.
Week 9 - Theoretical
Economic Effects of Budget Policies; Effects on growth, employment, inflation, and external balance.
Week 10 - Theoretical
Automatic Stabilizers and Fiscal Instruments; The role of tax and expenditure systems in automatic stabilization.
Week 11 - Theoretical
Fiscal Discipline and Sustainability; Fiscal rules, budget balance, and long-term sustainability.
Week 12 - Theoretical
Budget Policy Practices in Turkey; Historical and current budget policies in Turkey.
Week 13 - Theoretical
International Budget Policy Practices; Case studies and comparisons from selected countries.
Week 14 - Theoretical
General Review and Practical Examples; Course review, current developments, sample analyses, and discussions.
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory143384
Midterm Examination112113
Final Examination124125
TOTAL WORKLOAD (hours)122
Contribution of Learning Outcomes to Programme Outcomes
PÇ-1
PÇ-2
PÇ-3
PÇ-4
PÇ-5
PÇ-6
PÇ-7
PÇ-8
PÇ-9
PÇ-10
PÇ-11
PÇ-12
OÇ-1
5
4
4
5
3
2
1
3
1
3
3
4
OÇ-2
5
5
5
4
4
3
2
4
1
3
4
5
OÇ-3
5
5
4
4
3
3
1
4
1
3
4
5
OÇ-4
5
4
4
4
3
3
2
3
1
3
4
5
OÇ-5
5
5
5
4
4
3
2
4
1
3
4
5
Adnan Menderes University - Information Package / Course Catalogue
2026