| TYPE OF COURSE UNIT | Compulsory Course |
| LEVEL OF COURSE UNIT | Bachelor's Degree |
| YEAR OF STUDY | 2 |
| SEMESTER | Fourth Term (Spring) |
| NUMBER OF ECTS CREDITS ALLOCATED | 6 |
| NAME OF LECTURER(S) | Assistant Professor Zeynep Kantur
|
| LEARNING OUTCOMES OF THE COURSE UNIT |
At the end of this course, the students;
1) Define the determinants of economic growth.
2) Apply the mathematical methods used in macroeconomic analysis.
3) Interpret the economic intuition behind the mathematical equations.
4) Examine the data on economic growth.
5) Construct a theoretical model to explain why some countries grow faster than others.
6) Analyze the impact of monetary and fiscal policy using business cycle models.
|
| MODE OF DELIVERY | Face to face |
| PRE-REQUISITES OF THE COURSE | No |
| RECOMMENDED OPTIONAL PROGRAMME COMPONENT | Introduction to Economics I, Introduction to Economics II, Macroeconomic Theory I |
| COURSE DEFINITION | In the first part of the course, you will continue learning the basics of business cycle models. In the second part, We will analyze empirical observations of economic growth with economic theory and seek answers to the following questions: Why is per capita output growing faster in some countries than in others? Why do living standards differ so much between countries and regions? Why are some countries 50 times richer than others? Why do per capita growth rates differ over long periods? What are the limits to growth? |
| COURSE CONTENTS | | WEEK | TOPICS |
|---|
| 1st Week | Equilibrium in an Endowment Economy | | 2nd Week | Production, Labor Demand, Investment and Labor Supply | | 3rd Week | Fiscal Policy ; Ricardian Equivalence | | 4th Week | Monetary Policy | | 5th Week | Equilibrium Efficiency | | 6th Week | Neoclassical Model | | 7th Week | Asset Pricing | | 8th Week | Midterm Exam | | 9th Week | Economic Growth: Why do we care about economic growth? ; Stylized Facts about Economic Growth | | 10th Week | Growth Accounting | | 11th Week | Harrod-Domar Model | | 12th Week | The Solow Growth Model | | 13th Week | The Solow Growth Model | | 14th Week | Augmented Solow Growth Model |
|
| RECOMENDED OR REQUIRED READING | Intermediate Macroeconomics, Julio Garin, Robert Lester and Eric Sims https://www3.nd.edu/~esims1/gls_int_macro.pdf
Economic Growth, David Weil (3rd edition, Pearson) |
| PLANNED LEARNING ACTIVITIES AND TEACHING METHODS | Lecture,Discussion |
| ASSESSMENT METHODS AND CRITERIA | | | Quantity | Percentage(%) |
|---|
| Mid-term | 1 | 35 | | Quiz | 2 | 25 | | Total(%) | | 60 | | Contribution of In-term Studies to Overall Grade(%) | | 60 | | Contribution of Final Examination to Overall Grade(%) | | 40 | | Total(%) | | 100 |
|
| ECTS WORKLOAD |
| Activities |
Number |
Hours |
Workload |
| Midterm exam | 1 | 2 | 2 | | Preparation for Quiz | 2 | 10 | 20 | | Individual or group work | 14 | 4 | 56 | | Preparation for Final exam | 1 | 25 | 25 | | Course hours | 14 | 3 | 42 | | Preparation for Midterm exam | 1 | 20 | 20 | | Laboratory (including preparation) | 0 | 0 | 0 | | Final exam | 1 | 2 | 2 | | Homework | 2 | 3 | 6 | | Total Workload | | | 173 |
|---|
| Total Workload / 30 | | | 5,76 |
|---|
| ECTS Credits of the Course | | | 6 |
|---|
|
| LANGUAGE OF INSTRUCTION | Turkish |
| WORK PLACEMENT(S) | No |
| | |
