Information Package / Course Catalogue
Economic Transformation of the State and the Political Economy of Public Finance
Course Code: MYL562
Course Type: Area Elective
Couse Group: Second Cycle (Master'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 transformation of the state’s economic functions from a historical and theoretical perspective. It seeks to equip students with the ability to critically examine how public finance policies—particularly government revenue and expenditure—are shaped within the framework of political economy. The course focuses on the impact of neoliberal transformations on public economics and explores how public finance is structured under different political and economic regimes. Additionally, it aims to develop an analytical perspective that enables students to assess the social and class-based implications of public spending, taxation, and borrowing policies.

Course Content

This course examines the concept of the state from a public finance perspective through historical, theoretical, and economic lenses. It provides a comprehensive analysis of the roles that key components such as public expenditures, public revenues, borrowing, and budgeting play in achieving the objectives of public finance. Throughout the course, students are offered opportunities to develop critical thinking and an analytical approach.

Name of Lecturer(s)
Assoc. Prof. Sercan YAVAN
Learning Outcomes
1.Analyzes the historical development and transformation of the state's economic functions.
2.Gain the ability to evaluate public finance from a political economy perspective.
3.Explains the effects of neoliberal transformation processes on public expenditures, taxation and budgeting.
4.Comparatively evaluate how public finance is structured in different political-economic regimes.
5.Interprets the class and social effects of public revenues and expenditures with a critical approach.
6.Analyzes current debates on public finance in the context of theory and practice.
Recommended or Required Reading
1.Korkut Boratav – Turkish Economic History (1908–2015)
2.Ziya Öniş & Fikret Şenses (Eds.) – Global Crisis, New Economy and Türkiye
3.Joseph Stiglitz – Economics of the Public Sector
4.Musgrave & Musgrave – Public Finance in Theory and Practice
Weekly Detailed Course Contents
Week 1 - Theoretical
Introduction to the Concept of State
Week 2 - Theoretical
Philosophical Foundations of the State
Week 3 - Theoretical
The Evolution of the State in Economic Thought I
Week 4 - Theoretical
The Evolution of the State in Economic Thought II
Week 5 - Theoretical
Contemporary Economic Theories and the State
Week 6 - Theoretical
Theoretical Foundations of Public Expenditures
Week 7 - Theoretical
Public Revenues and Taxation
Week 8 - Theoretical
Government Borrowing and Public Debt Management
Week 9 - Theoretical
Government Budget: Theory and Practice
Week 10 - Theoretical
Objectives of Public Finance I: Economic Growth and Development
Week 11 - Theoretical
Objectives of Public Finance II: Economic Stability
Week 12 - Theoretical
Objectives of Public Finance III: Efficient Use of Resources
Week 13 - Theoretical
Objectives of Public Finance IV: Justice in Income Distribution
Week 14 - Theoretical
General Evaluation and Current Practices
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory144398
Midterm Examination110111
Final Examination120121
TOTAL WORKLOAD (hours)130
Contribution of Learning Outcomes to Programme Outcomes
PÇ-1
PÇ-2
PÇ-3
PÇ-4
PÇ-5
OÇ-1
3
2
4
5
2
OÇ-2
4
5
2
5
2
OÇ-3
5
3
3
5
4
OÇ-4
3
2
2
5
3
OÇ-5
2
4
2
4
5
OÇ-6
2
4
3
4
5
Adnan Menderes University - Information Package / Course Catalogue
2026