COURSE UNIT TITLE

: FINANCIAL ADAPTATION TO THE CYCLICAL ECONOMY

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
MLY 2018 FINANCIAL ADAPTATION TO THE CYCLICAL ECONOMY ELECTIVE 3 0 0 5

Offered By

Public Finance

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

PROFESSOR DOCTOR ASUMAN ALTAY

Offered to

Economics (Evening)
Public Administration
Labour Economics and Industrial Relations
Labour Economics and Industrial Relations (Evening)
Economics
Business Administration
Public Finance
Public Administration (Evening)
Public Finance (Evening)
Business Administration (Evening)

Course Objective

Can the use of resources be brought to an end in a limited and renewable world What is the content of the sustainable economy approach How is the relationship between sustainability and development established and how is such development financed To what extent and how can resources be reused What are the differences between the circular economy and the linear economy that provide clarity What are the externalities and proposals for their solutions Can market actors tolerate external damage through private agreements or is state resolution necessary What is the legal framework for the responsibility of the welfare state in preventing environmental pollution What public policies can eliminate threats to future generations How do waste exchanges operate as financial instruments and how are they regulated What are the boundaries of the main framework for green bonds as a public financial instrument What is permaculture economy and what financial gains does it have Why is the recycling economy important How can waste management be effectively planned What are successful country examples What is the level of competition for polluting industries What is ecological dumping What is the circular economy approach of the European Union Can circular economy and green agreement lead to a global paradigm shift The course aims to find answers to these questions and to instill in students the importance of the circular economy and the opportunities to use the state's financial instruments.

Learning Outcomes of the Course Unit

1   Understanding the concept of sustainability.
2   Establishing the relationship between sustainability and economic development.
3   Explaining the advantages of circular economy over linear economy.
4   Identifying the externalities in production and consumption and discussing solutions.
5   Learning about financial instruments used to mitigate external damages.
6   Understanding how waste exchanges work and recognizing emerging financial tools.
7   Outlining the general framework of green bonds.
8   Becoming familiar with permaculture economy.
9   Learning about pollution havens and ecological dumping.
10   Understanding the European Union's approach to circular economy. Understanding the European Union's approach to circular economy.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Sustainability Approach Perma-culture Economy and Financial Benefits
2 Sustainable Development and Financing Recycling Economy and Waste Management: Selected Country Examples
3 Comparison of Circular Economy and Linear Economy The Pollution Haven Hypothesis and Ecological Damping
4 Approaches to Externalities and Their Solution EU's Circular Economy Approach: Green Consensus
5 Financial Tools Used for Compensation of External Damages General review and evaluation
6 Social State, Environmental Pollution and Future Generations
7 Waste Exchanges as Financial Instruments
8 General assessment before the exam.
9 Changing Direction of Public Financing: Green Bonds

Recomended or Required Reading

Önder, H. (2018). Sürdürülebilir Kalkınma Anlayışında Yeni Bir Kavram: Döngüsel Ekonomi. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi, (57), 196-204.
Çetin, M., & Yılmaz, G. (2021). Pandemilerin Sürekliliği Tehlikesine Karşı Döngüsel Ekonomi Ihtiyacı. Journal of Economic Policy Researches, 8(2), 225-255.
Özsoy, T. (2018). Döngüsel Ekonomi: Almanya daki Durumun Bir Özeti. Global Journal of Economics and Business Studies, 7(14), 129-143.
Veral, E. S. (2021). Döngüsel Ekonomi: Engeller, Stratejiler ve Iş Modelleri. Ankara Üniversitesi Çevrebilimleri Dergisi, 8(1), 7-18.
Balbay, Ş., Sarıhan, A., & Avşar, E. (2021). Dünyada ve Türkiye de Döngüsel Ekonomi/Endüstriyel Sürdürülebilirlik Yaklaşımı. Avrupa Bilim ve Teknoloji Dergisi, (27), 557-569.
Türkmen, M. A., & Kiliç, F. (2020). Sürdürülebilir Kalkınma Anlayışına Yönelik Döngüsel Ekonomi Modeli. Third Sector Social Economic Review, 55(4), 2538-2556.
Esin, B. (2019). Avrupa Birliği Döngüsel Ekonomi Politikası: Çok Düzeyli Yönetişim Açısından Bir Analiz (Doctoral dissertation, Marmara Universitesi (Türkiye)).

Planned Learning Activities and Teaching Methods

The topics listed in the program will be taught using both theoretical and practical examples with the help of course resources, and will be explored through class discussions. The topics will be covered through research topics and presentations given to students after the mid-term exams.

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MTE MIDTERM EXAM
2 MTEG MIDTERM GRADE MTEG * 1
3 FIN FINAL EXAM
4 FCGR FINAL COURSE GRADE MTEG * 0.40 + FIN * 0.60
5 RST RESIT
6 FCGR FINAL COURSE GRADE (RESIT) MTEG * 0.40 + RST * 0.60


Further Notes About Assessment Methods

None

Assessment Criteria

It will be announced.

Language of Instruction

Turkish

Course Policies and Rules

Attendance is important in class.

Contact Details for the Lecturer(s)

asuman.altay@deu.edu.tr
ayca.simsek@deu.edu.tr
ozgur.sarac@deu.edu.tr

Office Hours

Please make an appointment

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 14 3 42
Preparation for midterm exam 1 10 10
Preparation for final exam 1 12 12
Preparations before/after weekly lectures 12 5 60
Midterm 1 1 1
Final 1 1 1
TOTAL WORKLOAD (hours) 126

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10PO.11PO.12PO.13PO.14PO.15
LO.111
LO.211
LO.31
LO.411
LO.51
LO.611
LO.71
LO.81
LO.91
LO.101