GAZI UNIVERSITY INFORMATION PACKAGE - 2019 ACADEMIC YEAR

COURSE DESCRIPTION
DYNAMIC ANALYSIS/EKON303
Course Title: DYNAMIC ANALYSIS
Credits 3 ECTS 7
Semester 5 Compulsory/Elective Compulsory
COURSE INFO
 -- LANGUAGE OF INSTRUCTION
  Turkish
 -- NAME OF LECTURER(S)
   Assis.Prof.Dr.Atilla GOKCE
 -- WEB SITE(S) OF LECTURER(S)
   www.gazi.edu.tr/~atilla
 -- EMAIL(S) OF LECTURER(S)
  atilla@gazi.edu.tr
 -- LEARNING OUTCOMES OF THE COURSE UNIT
Learn the dynamics relationships, the concepts of convergence and divergence in economic models.
Investigate the stability of equilibrium by solving the first and second degree difference equations for discrete time.
Investigate the stability of equilibrium by solving dynamic economic model for continious time.






 -- MODE OF DELIVERY
  The mode of delivery of this course is face to face.
 -- PREREQUISITES AND CO-REQUISITES
  There is no prerequisite or co-requisite for this course.
 -- RECOMMENDED OPTIONAL PROGRAMME COMPONENTS
  There is no recommended optional programme component for this course.
 --COURSE CONTENT
1. Week  Introduction and definition of time as a variable, discrete time and continuous time definations
2. Week   Lagged variables, distributed lag models, autoregressive models
3. Week  Differences and Difference Equations, general principles, first, second, third order differences
4. Week  Homogeneous First-Order Difference Equations General principles, assumptions, solutions
5. Week  Non homogeneous First-Order Difference Equations, solutions, general solution, Dynamic stability of equilibrium, Time paths
6. Week  First-Order Difference Equations Applications of Economics: Cobweb models
7. Week  dynamic multipliers, Harrod model and solutions
8. Week  Midterm
9. Week  Homogeneous second-order difference equations, general principles and assumptions, second-order difference equation solutions
10. Week   Non-homogeneous second order difference equations, general solutions
11. Week  Economic Applications Second-Order Difference Equations: Samuelson's multiplier-accelerating model, Hicks trade fluctuation model
12. Week  Goodwin's "expectations and the cobweb" model, adaptive expectations hypothesis, Symth's "monetary factors and the interaction of the multiplier
13. Week  High-Order Difference Equations, stability conditions, the necessary conditions, sufficient conditions
14. Week   Economic Applications High-Order Difference Equations: Hicks's "distributed lags and multiplier-accelerating" model
15. Week  Simultaneous difference equations, assumptions and definitions, general systems, solutions
16. Week  Final
 -- RECOMMENDED OR REQUIRED READING
   GANDOLFO, G. (1980) Dinamik İktisadi Analizin Temel Yöntemleri
 -- PLANNED LEARNING ACTIVITIES AND TEACHING METHODS
  Lecture, Question & Answer, Drill - Practise
 -- WORK PLACEMENT(S)
  No
 -- ASSESSMENT METHODS AND CRITERIA
 
Quantity
Percentage
 Mid-terms
1
40
 Assignment
0
0
 Exercises
0
0
 Projects
0
0
 Practice
0
0
 Quiz
0
0
 Contribution of In-term Studies to Overall Grade  
40
 Contribution of Final Examination to Overall Grade  
60
 -- WORKLOAD
 Efficiency  Total Week Count  Weekly Duration (in hour)  Total Workload in Semester
 Theoretical Study Hours of Course Per Week
12
3
36
 Practising Hours of Course Per Week
2
3
6
 Reading
14
2
28
 Searching in Internet and Library
14
2
28
 Designing and Applying Materials
14
0
 Preparing Reports
14
2
28
 Preparing Presentation
14
2
28
 Presentation
0
0
0
 Mid-Term and Studying for Mid-Term
7
2
14
 Final and Studying for Final
7
2
14
 Other
0
0
0
 TOTAL WORKLOAD: 
182
 TOTAL WORKLOAD / 25: 
7.28
 ECTS: 
7
 -- COURSE'S CONTRIBUTION TO PROGRAM
NO
 PROGRAM LEARNING OUTCOMES
1
2
3
4
5
1Having the professional expertise and skills on theoretical and practical aspects of econometrics, statistics and operational research.X
2Having qualities for professional competence in order to work in career fields such as inspector or assistant specialist or working department of research-development in public institutions and organizations, the private sector and civil society organizations.X
3Having knowledge about other disciplines such as economics, managements, public finance and law related to econometrics.X
4Having appropriate behavior of econometrics in the field of social, scientific, cultural and ethical values, applicability of gained knowledge and skills in accordance with the principle of responsibility to social and working life.X
5Having skills about foreign language and information system related to the fields in academic and working life.X
6Having skills about selecting, using and evaluating of appropriate statistical, econometric and mathematical programming methods, based on theoretical and practical knowledge acquired in the field related to the current problems faced by.X
7Having skills to work with the team for reach fruitful results in interdisciplinary and interdisciplinary studies.X
8Having knowledge of research methods in the field of institutions and organizations planning projects, managing, and to conduct independent researches.X
9Having qualities for analytical thinking, prospecting and bring scientific solutions to problems as a researcher.X
10Having skills to comprehension, application and evaluation about terms and basic theory of econometrics.X
11Having skills to comprehension, application and evaluation about terms and basic theory of statistics.X
12Having skills to comprehension, application and evaluation about terms and basic theory of statistics.
13Using some of the basic econometric and statistical software programs.