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Description of Individual Course Units| Course Unit Code | Course Unit Title | Type of Course Unit | Year of Study | Semester | Number of ECTS Credits | | İŞL214.3B2 | Prosperity Economy | Elective | 2 | 4 | 4 |
| | Level of Course Unit | | First Cycle | | Objectives of the Course | | Welfare economics deals with the social and economic improvements of individuals' or societys' situations. It uses partial, general quilibrium and L. Walrasian approaches. Using welfare criterias it generates comments regarding the society. The main purpose of the course is to propose these approaches and the views of welfare economists to the students. | | Name of Lecturer(s) | | Görevlendirme | | Learning Outcomes | | 1 | Learn the methods, tools and theories of welfare economics | | 2 | Understand and evaluate methods, tools and theories of welfare economics | | 3 | Understand and evaluate methods, tools and theories of welfare economics | | 4 | Analyse the methods, tools and theories of welfare economics | | 5 | Review and survey the methods, tools and theories of welfare economics |
| | Mode of Delivery | | Normal Education | | Prerequisites and co-requisities | | None | | Recommended Optional Programme Components | | None | | Course Contents | | CHAPTER 1 :General Equilibrium and Welfare Economics:Welfare Definition,General Equilibrium,Social Welfare Criteria,Economic Optimal Activity, Limit of welfare,Activity in the Distribution of Goods Among Consumers,Edgeworth BOX DIAGRAM,
CHAPTER 2: Welfare economy, the two main Theorem,:First Welfare Theorem,Second Welfare Theorem
CHAPTER 3 :Social Policy,Types of Welfare State and Welfare State,Social Indifference Curves and Externality;Welfare State,Types of Welfare State,Various Applications of the Welfare State:(United Kingdom " Poor Laws and Beveridge System,Germany Bismarck System,France: Solidarity and Unity,Sweden: Re-distributed Business Model,United States),Overview of International Social Policy:European Union,Globalization and Welfare
CHAPTER 4: Welfare as a Function of Health:Health Inequalities,Classification of Health,Social Indifference Curves,
CHAPTER 5 : Externalities CHAPTER 6 :Increase in GDP as a welfare criterion
Chapter 7:Welfare Criteria and Some Welfare Economists Opinion: J.Bentham Criteria, N.Kaldor-Hicks criterion (Loss Coverage Policy),T. Scitovsky, and bilateral Criteria,K. Arrow and Selection Contradiction,A. Berkson and Social Welfare Function,Paul A. Samuelson and Social Indifference Curves | | Weekly Detailed Course Contents | |
| 1 | Introduction to welfare economics, and the role
in the general economics | | | | 2 | The general equilibrium and welfare economics,
and social welfare criterias | | | | 3 | Economic optimum, welfare limit, the efficiency
of distribution of goods among consumers and
EDGEWORTH box diagram. | | | | 4 | Social policies, and applications in several
countries | | | | 5 | Health applications as a welfare function | | | | 6 | Welfare criteria and the ideas of some
economists | | | | 7 | Welfare state types | | | | 8 | Midterm | | | | 9 | The comparison of health applications in OECD
countries | | | | 10 | Externalities | | | | 11 | N.Koldor-Hicks Criteria | | | | 12 | Sitovsky and Dual criteria | | | | 13 | A.Berkson and Betham Criteria | | | | 14 | Paul A.Samuelson social indifference curves | | | | 15 | K.Arrow and polling paradox | | | | 16 | Final Exam | | |
| | Recommended or Required Reading | | Albert,Michel Hankel Robin,A Quiet Revolution in Welfare Economics,
Turanlı Rona,Mikro Ekonomik Analiz .Edgar Morin, The Welfare Economics
of Public Policy,From Walras to Pareto,edited by Jürgen G. Backhaus and
J. A. Hans Maks | | Planned Learning Activities and Teaching Methods | | | Assessment Methods and Criteria | |
| Midterm Examination | 1 | 100 | | SUM | 100 | |
| Final Examination | 1 | 100 | | SUM | 100 | | Term (or Year) Learning Activities | 40 | | End Of Term (or Year) Learning Activities | 60 | | SUM | 100 |
| | Language of Instruction | | Turkish | | Work Placement(s) | | None |
| | Workload Calculation | |
| Midterm Examination | 1 | 1 | 1 | | Final Examination | 1 | 1 | 1 | | Attending Lectures | 14 | 3 | 42 | | Self Study | 14 | 3 | 42 | | Individual Study for Mid term Examination | 1 | 10 | 10 | | Individual Study for Final Examination | 1 | 30 | 30 | |
| Contribution of Learning Outcomes to Programme Outcomes | | LO1 | 3 | 3 | 3 | 1 | 3 | 3 | 4 | 4 | 4 | 5 | | LO2 | 1 | 4 | 2 | 4 | 3 | 2 | 5 | 1 | 2 | 4 | | LO3 | 3 | 2 | 5 | 3 | 2 | 3 | 3 | 3 | 4 | 2 | | LO4 | 4 | 4 | 2 | 4 | 2 | 5 | 1 | 2 | 2 | 3 | | LO5 | 1 | 2 | 2 | 1 | 5 | 2 | 3 | 4 | 2 | 5 |
| | * Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High |
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