|Course Code||Course Name||Semester||Theory||Practice||Lab||Credit||ECTS|
|Language of Instruction|
|Course Level||Bachelor Degree|
|Course Instructor(s)||Sahir KARAKAYA email@example.com (Email)|
|Objective||This course aims to lecture principal growth models, and is an introduction to the methods for studying simple deterministic dynamical systems.|
|Content||Introduction to keynesian and neoclassical growth theories.|
|Course Learning Outcomes||
1- To learn necessary tools to study simple dynamical systems.
2- To make an analytical study.
3- To study principal growth models in a critical way in theoretical level.
4- To check the practical validity of these models by testing them by the stylised facts of Kaldor.
|Teaching and Learning Methods|
Barro et Sala-i Martin, Economic Growth.
Lecaillon, Macro-dynamique : la croissance.
Chiang, Fundamental methods of mathematical economics.
Sydsaeter, Hammond, Essential mathematics for economic analysis.
Sydsaeter, Hammond, Mathematics for economic analysis.
Simon, Blume, Mathematical economics.
|1||Discrete and continuous growth rate. Fundamental knowledge on simple difference equations and differential equations. Interst rate and optimal timing problems.|
|2||Harrod model for good market in discrete and continuous time. Existence, unicity and stability of equilibrium.|
|3||Harrod model for factor market, and existence, unicity and stability of equilibrium.|
|4||Neoclassical production function. Concavity and homogeneity. Inada conditions.|
|5||Neoclassical model. Simultaneous determination of quantities and prices. Existence of equilibrium growth rate.|
|6||Neoclassical model. Existence, unicity and stability of equilibrium.|
|7||Comparative dynamics. Golden rule path.|
|9||Exogenous technical progress and its classifications.|
|10||Neoclassical model with technical progress. Existence of equilibrium growth rate. Existence, unicity and stability of equilibrium.|
|11||Comparative dynamics with technical progress. Stylised facts of Kaldor.|
|12||Absolute and relative convergence. Neoclassical model reconsidered.|
|13||The work of Mankiw, Romer, Weil. The critic of Paul Romer and the necessity of endogenous technical progress.|
|14||Endogenous growth of ancient generation: learning by doing I-II.|
Contribution to Overall Grade
|Contribution of in-term studies to overall grade||0||0|
|Contribution of final exam to overall grade||0||0|
|Midterm Examinations (including preparation)||21||0|
|Term Paper/ Project||0||0|
|No||Program Learning Outcomes||Contribution|
|1||Demonstrate a basic knowledge of different economic theories and main discussions driving current theoretical approaches||X|
|2||Demonstrate ability to use basic qualitative and quantitative methods to asses different economic questions of applied fields||X|
|3||Show a sound understanding of current economic discussions and problems||X|
|4||Have an effective and clear communication in written and oral formats in different public and professional contexts.|
|5||Demonstrate basic knowledge of the world economic history and a sound knowledge of the Turkish economic history|
|7||Demonstrate knowledge of standard quantitative techniques and empirical models used in economics|
|8||Show ability to apply basic economic theory to an applied topic|
|9||Show a basic understanding of analytical methods, both theory- and model-based||X|
|10||Show ability to use economic concepts to discuss current economic issues||X|
|11||Reason logically and work analytically||X|
|12||Show awareness on social aspects of the economics in different applied and theoretical fields|
|13||Identify appropriate economic models to analyse problems||X|
|16||Show understanding of basic statistical and econometric concepts and ability to apply basic concepts to own empirical work|
|17||Demonstrate a sound knowledge of the current economic issues in Turkey and a general knowledge of the issues in the world economy|
|Working Hours out of Class||0||42||0|
|Midterm Examinations (including preparation)||1||24||24|
|Final Examinations (including preparation)||0||42||0|
|Term Paper/ Project||0||0||0|
|Total Workload / 25||0,96|