| TYPE OF COURSE UNIT | Compulsory Course |
| LEVEL OF COURSE UNIT | Bachelor's Degree |
| YEAR OF STUDY | 4 |
| SEMESTER | Seventh Term (Fall) |
| NUMBER OF ECTS CREDITS ALLOCATED | 5 |
| NAME OF LECTURER(S) | -
|
| LEARNING OUTCOMES OF THE COURSE UNIT |
At the end of this course, the students;
1) Define determinants of economic growth.
2) Construct a theoretical model to explain why some countries grow faster than others.
3) Compare exogeneous and endogeneous economic growth models.
4) Analyze the steady state and transitional dynamics of economic growth models both graphically and
5) Decide which economic growth model to use in order to answer a research question related to the field.
|
| MODE OF DELIVERY | Face to face |
| PRE-REQUISITES OF THE COURSE | No |
| RECOMMENDED OPTIONAL PROGRAMME COMPONENT | Macroeconomic theory I
Macroeconomic Theory II |
| COURSE DEFINITION | In this course, we will analyze and apply economic theory to the empirical observations of economic growth and answer the following questions: Why does the output per capita in some countries grow faster than others? Why do living standards differ so much across 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 | Economic Growth: Why do we care about economic growth? | | 2nd Week | Stylized facts about economic growth; Growth Accounting | | 3rd Week | Harrod-Domar Model | | 4th Week | Solow Model | | 5th Week | Applications of Solow Model | | 6th Week | Augmented Solow Model | | 7th Week | Neoclassical Growth Model | | 8th Week | Midterm | | 9th Week | Overlapping Generations Model | | 10th Week | Overlapping Generations Model | | 11th Week | Applications of Overlapping Generations Model | | 12th Week | Inroduction to Endogeneous Growth Models | | 13th Week | AK Model | | 14th Week | One Sector Endogeneous Growth Model |
|
| RECOMENDED OR REQUIRED READING | David N. Weil, Economic Growth,2nd ed. (New York: Pearson- Addison Wesley, 2009).
Charles I. JONES, Introduction to Economic Growth. (New York: Norton, 1998)
|
| PLANNED LEARNING ACTIVITIES AND TEACHING METHODS | Lecture,Discussion |
| ASSESSMENT METHODS AND CRITERIA | | | Quantity | Percentage(%) |
|---|
| Mid-term | 1 | 35 | | Quiz | 1 | 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 | 1 | 1 | | Preparation for Quiz | | | | | Individual or group work | 14 | 3 | 42 | | Preparation for Final exam | 1 | 30 | 30 | | Course hours | 14 | 3 | 42 | | Preparation for Midterm exam | 1 | 25 | 25 | | Laboratory (including preparation) | | | | | Final exam | 1 | 1 | 1 | | Homework | | | | | Total Workload | | | 141 |
|---|
| Total Workload / 30 | | | 4,7 |
|---|
| ECTS Credits of the Course | | | 5 |
|---|
|
| LANGUAGE OF INSTRUCTION | Turkish |
| WORK PLACEMENT(S) | No |
| | |
