Information Package / Course Catalogue
Welfare Economy
Course Code: ECO420
Course Type: Area Elective
Couse Group: First Cycle (Bachelor's Degree)
Education Language: Turkish
Work Placement: N/A
Theory: 3
Prt.: 0
Credit: 3
Lab: 0
ECTS: 6
Objectives of the Course

Aim of the course is social welfare to teach how to measure to students. Aim of the course is to show everyone how it should be taken of the economic decision that to maximize the benefit.

Course Content

General Equilibrium Theory, Measurement and Criteria of Social Welfare , Welfare Maximization and Critique, Public Goods, Social Choice, Externalities, Optimal Distribution of Income, Taxes and Effectiveness.

Name of Lecturer(s)
Learning Outcomes
1.Understands the ability to measure social welfare.
2.Understand the role in influencing the social welfare of the state.
3.The criticism of the state 's functions and policies.
4.Gain knowledge of general equilibrium theory.
5.Perform efficiency measurements within the scope of taxes and externalities.
Recommended or Required Reading
1.A. KOUTSOYIANNIS, Modern Mikro İktisat, Çev. Muzaffer Sarımeşeli, Birinci Baskı, Ankara: Gazi Kitabevi, 1997.
2.Francis FUKUYAMA, Sosyal Erdemler ve Refahın Yaratılması, Türkiye İş Bankası Yayınları, 2005.
Weekly Detailed Course Contents
Week 1 - Theoretical
Introduction and Basic Concepts
Week 2 - Theoretical
General Equilibrium Theory
Week 3 - Theoretical
General Equilibrium Theory: Criticism of Contemporary and Contribution
Week 4 - Theoretical
Walrasian General Equilibrium Theory
Week 5 - Theoretical
Measurement of Social Welfare and Criteria
Week 6 - Theoretical
Welfare Maximization and Criticism
Week 7 - Theoretical
First and Second Best Approach
Week 8 - Theoretical
First and Second Best Approach
Week 9 - Theoretical
Public Goods
Week 10 - Theoretical
Social Choice
Week 11 - Theoretical
Externalities
Week 12 - Theoretical
Externalities
Week 13 - Theoretical
Optimal Distribution of Income
Week 14 - Theoretical
Taxes and Effectiveness
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory140342
Reading140228
Individual Work140342
Midterm Examination115116
Final Examination121122
TOTAL WORKLOAD (hours)150
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
PÇ-13
PÇ-14
PÇ-15
OÇ-1
5
4
5
2
2
3
2
2
OÇ-2
5
3
5
3
3
2
2
1
OÇ-3
5
4
5
2
2
3
2
2
OÇ-4
OÇ-5
Adnan Menderes University - Information Package / Course Catalogue
2026