GAZI UNIVERSITY INFORMATION PACKAGE - 2019 ACADEMIC YEAR

COURSE DESCRIPTION

GROWTH THEORIES/1100042

COURSE INFO

-- LANGUAGE OF INSTRUCTION

Turkish

-- NAME OF LECTURER(S)

Prof. Dr. Hakkı Ozan ERUYGUR

-- WEB SITE(S) OF LECTURER(S)

www.ozaneruygur.com

-- EMAIL(S) OF LECTURER(S)

eruygur@gazi.edu.tr, oeruygur@gmail.com

-- LEARNING OUTCOMES OF THE COURSE UNIT

Learning advanced topics in economic growth theory

-- 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	Derivation and Fundamentals of Integral
2. Week	Neoclassical Growth: Assumptions of Solow Growth Model, Neoclassical Production Functions, Solow Steady State Equation
3. Week	Neoclassical Growth: Direction Fields, Isoclines, Direction Field of Solow Model, Isocline Analysis
4. Week	Neoclassical Growth: Stability, Asymptotic Stability, Local Stability, Global Stability, Phase Line
5. Week	Neoclassical Growth: Balanced Growth Path of Solow Model and its Properties, Impacts of Changes in Saving Rates in Solow Model
6. Week	Neoclassical Growth: Golden Rule of Capital Stock
7. Week	Midterm
8. Week	Endogeneizing the Saving Rate: Ramsey-Cass-Koopmans Model, A General Review of Ramsey Type Models
9. Week	New Growth Theory: R&D Model (Model without Capital)
10. Week	New Growth Theory: R&D Model (Model with Capital)
11. Week	New Growth Theory: Learning by Doing Form of R&D Model
12. Week	New Growth Theory: Lucas Approach of Human Capital Model
13. Week	Explaining International Growth Differences, Conditional and Absolute Convergence, Social Infrastructure
14. Week	Convergence Regressions: Conditional and Absolute COnvergence
15. Week
16. Week

-- RECOMMENDED OR REQUIRED READING

SHONE, Ronald (2002), Economic Dynamics: Phase Diagrams and Their Economic Application, Second Edition Cambridge University Press, Cambridge.

-- PLANNED LEARNING ACTIVITIES AND TEACHING METHODS

Lecture, Question & Answer, Demonstration, Drill - Practise

-- WORK PLACEMENT(S)

Not Applicable

-- 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	15	3	45
Practising Hours of Course Per Week			0
Reading	15	3	45
Searching in Internet and Library	15	3	45
Designing and Applying Materials			0
Preparing Reports			0
Preparing Presentation			0
Presentation			0
Mid-Term and Studying for Mid-Term	1	25	25
Final and Studying for Final	1	25	25
Other			0
TOTAL WORKLOAD:			185
TOTAL WORKLOAD / 25:			7.4
ECTS:			7.5

-- COURSE'S CONTRIBUTION TO PROGRAM

NO	PROGRAM LEARNING OUTCOMES	1	2	3	4	5
1	To have theoretical knowledge in the field of Economic Theory at the proficiency level			X
2	To have detailed knowledge about the basic concepts of economics, relations among these concepts and macro and micro economic theories				X
3	To conceive the interaction between economics and other disciplines					X
4	To analyze theoretical knowledge and to be able to use practical knowledge			X
5	To develop solutions for economic problems by using research methods				X
6	To have the experience of using information technologies and basic computer programs at the high level in order to share their accumulated knowledge and problem solving ability					X
7	To communicate with colleagues by using a foreign language				X
8	To have the ability to interpret economic and social events through the acquired capability to think analytically and critically, and to be open for innovative ideas				X
9	To have a sound knowledge of the quantitative and qualitative methods that will help to examine the premises of different theories					X
10	To be compatible for teamwork in order to use their accumulated knowledge in research projects					X
11	To be able to work on matters that require expertise in economics independently				X
12	To be aware of professional and scientific ethical codes at stages of economic data collection and interpretation					X
13	To be able to use their leadership skills by taking responsibility in the face of complex economic problems					X

Gazi University