COURSE UNIT TITLE

: ECONOMICS OF GROWTH

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
ECO 4218 ECONOMICS OF GROWTH ELECTIVE 3 0 0 6

Offered By

Economics (English)

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

ASSOCIATE PROFESSOR ISTEMI BERK

Offered to

Economics (English)

Course Objective

The aim of the course is to introduce students to the fundamentals of the economic growth process. Students are provided with theoretical and empirical analysis of economic growth theories. Subjects such as accumulation of physical and human capital, technological development, natural resources, income distribution, population growth are covered through-out the course.

Learning Outcomes of the Course Unit

1   Demonstrate understanding of basic and more recent economic growth theories so that the learner is able to explain the economic mechanisms behind growth.
2   Define major problems associated with economic growth on both domestic and international scales in order to gain insight into appropriate recipes through growth policy implications.
3   Demonstrate an understanding of some of the analytical tools used to analyze economic growth such that the learner can apply empirical study of growth models to developing and developed countries.
4   Recognize structural and institutional features of developing and developed countries to the extent that they can evaluate key facts relating to growth of nations.
5   Express the role of technology, institutions, government policies and globalization in economic growth process.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Introduction to Economic Growth: Stylized Facts, a review of Neoclassical assumptions
2 Solow-Swan Model: an introduction to the model, an overview of assumptions
3 Solow-Swan Model: deriving fundamental equation, steady state and the golden rule of capital accumulation
4 Solow-Swan Model: transitional dynamics and convergence
5 Solow-Swan Model: extensions to the model and review
6 Solow-Swan Model: Examples
7 The Ramsey Model: an introduction to the model, an overview of assumptions
8 The Ramsey Model: households' optimization and firms' optimization
9 The Ramsey Model: market and social planner's solution to the model, long-run steady state equilibrium
10 The Ramsey Model: transitional dynamics and convergence
11 The Ramsey Model: extensions to the model and review
12 The Ramsey Model: Examples
13 An introduction to endogenous growth models: Violation of Neoclassical assumptions
14 An introduction to endogenous growth models: Violation of Neoclassical assumptions

Recomended or Required Reading

Barro, R.J., and X. SalaiMartin (BSM), Economic Growth, The MIT Press; 2nd edition

Planned Learning Activities and Teaching Methods

1. Lectures
2. Class discussion
3. Reading

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MT Midterm
2 FN Final
3 FCG FINAL COURSE GRADE MT * 0.40 + FN * 0.60
4 RST RESIT
5 FCGR FINAL COURSE GRADE (RESIT) MT * 0.40 + RST * 0.60


Further Notes About Assessment Methods

None

Assessment Criteria

1. The learner will grasp the importance of economic growth.
2. The learner will be able to recognize economic mechanisms behind growth.
3. The learner will be able to explain basic neoclassical models of economic growth.
4. The learner will be able to identify the effects of factors such as technology, institutions, geography and globalization on economic growth.

Language of Instruction

English

Course Policies and Rules

1. Attending at least 70 percent of lectures is mandatory.
2. Plagiarism of any type will result in disciplinary action.

Contact Details for the Lecturer(s)

Asst. Prof. Dr. Istemi Berk
e-mail: istemi.berk@deu.edu.tr
Room: 239

Office Hours

To be Announced

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 14 3 42
Preparations before/after weekly lectures 14 3 42
Preparation for midterm exam 1 25 25
Preparation for final exam 1 30 30
Midterm 1 2 2
Final 1 2 2
TOTAL WORKLOAD (hours) 143

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10PO.11PO.12PO.13PO.14
LO.1455
LO.2554
LO.3455
LO.45455
LO.555

CONTACT INFORMATION
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Phone: +90(232) 412 12 12 - Fax: +90 (232) 464 81 35

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