Description of Individual Course Units
Course Unit CodeCourse Unit TitleType of Course UnitYear of StudySemesterNumber of ECTS Credits
1301007742012ECONOMIC GROWTHElective355
Level of Course Unit
First Cycle
Objectives of the Course
The objective of the course is to provide undergrad students with a sound understanding of economic growth phenomenon by studying quantitatively the contemporary economic growth theories.
Name of Lecturer(s)
Prof.Dr.Aykut Lenger
Learning Outcomes
1-Understanding economic growth phenomenon
2-The skills to use at basic level quantitative methods in the analysis of economic growth
Mode of Delivery
Face to Face
Prerequisites and co-requisities
Mathematical Economics (recommended)
Recommended Optional Programme Components
None
Course Contents
Stylized Facts of Economic Growth, Neoclassical Growth Theory, Solow Growth Model, Economic Growth with Human Capital, Convergence and Divergence Issues, The Economics of Ideas, Natural Resources and Economic Growth, Understanding Economic Growth
Weekly Detailed Course Contents
WeekTheoreticalPracticeLaboratory
1A Review of Some Quantitative Methods in Growth Studies
2Stylized Facts of Economic Growth Growth and Development Data, Other Stylized Facts
3Neoclassical Growth Theory: Basic Solow Growth Model (without Technological Change) Solving the Basic Solow Model, Solow Diagram, Comparative Statics Analysis, The Properties of Steady State, Economic Growth in the Basic Model
4Solow Growth Model and Technological Change Solow Diagram with Technological Change, Solving the Model for Steady State, The Evaluation of Solow Model, Growth Accounting, Productivity Slowdown and New Economy
5Economic Growth with Human Capital (Extended Solow Model) Mankiw-Romer-Weil Model, A Comparison with Solow Model
6Convergence and Divergence Issues Explaining the Differences between Economic Growth Rates, The Evolution of Income Distribution
7The Economics of Ideas What is technology? The Economics of Ideas, Intellectual Property Rights and Industrial Revolution, Data on Ideas
8Midterm Exam
9The Endogenous Growth Theories Growth in Romer Model, Growth Effects versus Level Effects, Comparative Static Analysis: A Permanent Increase in the R&D Share
10The Economics of the Romer Model The Final Goods Sector, The Intermediate Sector, The Research Sector, Solving the Model
11A Simple Endogenous Growth Model Basic Model, Steady State Analysis , Technology Transfer, Understanding the Differences in Growth Rates
12Sosyal Altyapı ve Uzun Dönem İktisadi Büyüme Social Infrastructure and Long-Run Economic Growth A Business Environment Problem, The Determinants of F, The Determinants of Π, The Choice of Social Infrastructure, Growth Miracles and Disasters
13Alternative Endogenous Growth Theories Rebello’s AK Model, Other Growth Models
14Natural Resources and Economic Growth Land in Solow Model, Non-Renewable Resources, Prices as an Indicator of Scarcity
15Understanding Economic Growth Why are we so poor, they so rich? What is the Engine of Growth? How do we Understand Growth Miracles?
16Final Exam
Recommended or Required Reading
Jones, C. (2002) Introduction to Economic Growth, 2nd ed., WWNorton and Company, New York (Zorunlu). Weil, D.N. (2008) Economic Growth, 2nd Edition, Addison Wesley. Acemoglu, D. (2008) Introduction to Modern Economic Growth, Princeton University Press.
Planned Learning Activities and Teaching Methods
Activities are given in detail in the section of "Assessment Methods and Criteria" and "Workload Calculation"
Assessment Methods and Criteria
Term (or Year) Learning ActivitiesQuantityWeight
Midterm Examination1100
SUM100
End Of Term (or Year) Learning ActivitiesQuantityWeight
Final Sınavı1100
SUM100
Term (or Year) Learning Activities40
End Of Term (or Year) Learning Activities60
SUM100
Language of Instruction
English
Work Placement(s)
None
Workload Calculation
ActivitiesNumberTime (hours)Total Work Load (hours)
Midterm Examination122
Final Examination122
Attending Lectures16348
Project Preparation8216
Self Study7214
Individual Study for Mid term Examination10220
Individual Study for Final Examination20240
Homework818
TOTAL WORKLOAD (hours)150
Contribution of Learning Outcomes to Programme Outcomes
PO
1
PO
2
PO
3
PO
4
PO
5
PO
6
PO
7
PO
8
PO
9
PO
10
LO13332233322
LO24423322422
* Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High
 
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