1. Why is public finance important for an economy? Explain and evalaute towards the main components of public finance. 2. Why is the fiscal sociology of Ibn Khaldun is important for public finance? Explain the reasons. 3. Why do externalities cause market failure? Give an example to negative externalities. Explain with your own reasons that why it is a negative externality and which solutions can be suggested to cope with that externality? 4. What kind of externality is the pandemic of coronavirus? Explain with your own reasons. Do you think that Turkiye has got over it? Explain by writing social and economic reasons. 5. How do you evaluate the coronavirus policies of Turkiye if you compare to the other countries? In your opinion, has Turkiye been successful? 6. Which one is more important? Fighting with coronavirus as a country or worldwide? Explain with your own reasons towards the importance of public finance policies. 7. What is the difference between Pareto optimality/efficieny and Pareto improvement? Explain by a figure. 8. What is the difference between direct taxes and indirect taxes? Give examples for the Turkish tax system in details. 9. Explain the main assumptions of the theory of Adam Smith by making comparisons to Keynesian policies. Why did Keynesian policies become popular after the Great Depression? 10. Why do the global economic policies take more place in the economy after 2000s? Explain by giving examples for the public policies. 11. Why are the supply side theories important in the economy after 1970s? Which opinions do the Laffer curve support? Explain on a figure. 12. What is the difference between Pigovian taxes and subsidies to cope with negative externalities? Explain by a figure. 13. What is the free rider problem? Define and determine its importance in an economy. 14. Give an example to global public goods. Determine the reasons why it is a global public good