| TYPE OF COURSE UNIT | Elective Course |
| LEVEL OF COURSE UNIT | Bachelor's Degree |
| YEAR OF STUDY | 4 |
| SEMESTER | - |
| NUMBER OF ECTS CREDITS ALLOCATED | 5 |
| NAME OF LECTURER(S) | Professor Hakkı Ozan Eruygur
. Servıs Servıs
|
| 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 | Assumptions of Basic Solow Model Steady-State, Stability Analysis and Long Run Equilibrium Levels | | 2nd Week | Output and Per Capita Output Growth in Basic Solow Model | | 3rd Week | Golden Rule in Basic Solow Model | | 4th Week | Exogenous Growth: Assumptions of Augmented Solow Model, Seady-State, Stability Analysis and growth rates in long run | | 5th Week | Exogenous Growth: Impacts of a Change in Savings Rate, Population Growth, Labor Productivity Growth in Augmented Solow Model | | 6th Week | Exogenous Growth: Wage and Interest Growth Rates in the Long Run in Augmented Solow Model | | 7th Week | Exogenous Growth: Golden Rule in Augmented Solow Model | | 8th Week | Midterm Exam | | 9th Week | Harrod-Domar Model | | 10th Week | Endogenous Growth: A Simple AK Model and Harrod-Domar Model Relationship | | 11th Week | Endogenous Growth: Learning-by-Doing Model of Frankel | | 12th Week | Endogenous Growth: Human Capital Model | | 13th Week | Endogenous Growth: R&D Model (without capital) | | 14th Week | Endogenous Growth: R&D Model (with capital) |
|
| 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)
Lecture Notes
|
| PLANNED LEARNING ACTIVITIES AND TEACHING METHODS | Lecture,Discussion |
| ASSESSMENT METHODS AND CRITERIA | | | Quantity | Percentage(%) |
|---|
| Mid-term | 1 | 30 | | Quiz | 1 | 20 | | Attendance | 1 | 10 | | 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 | 0 | 0 | 0 | | 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) | 0 | 0 | 0 | | Final exam | 1 | 1 | 1 | | Homework | 0 | 0 | 0 | | Total Workload | | | 141 |
|---|
| Total Workload / 30 | | | 4,7 |
|---|
| ECTS Credits of the Course | | | 5 |
|---|
|
| LANGUAGE OF INSTRUCTION | English |
| WORK PLACEMENT(S) | No |
| | |
