Theories of Economic Growth
Department of Economics
Faculty of Political Sciences
First Cycle (Bachelor's Degree)
| Course Unit Title | Course Unit Code | Type of Course Unit | Level of Course Unit | Year of Study | Semester | ECTS Credits |
|---|---|---|---|---|---|---|
| Theories of Economic Growth | EKO431 | Compulsory | Bachelor's degree | 4 | Fall | 4 |
Name of Lecturer(s)
Prof. Dr. Yusuf BAYRAKTUTAN
Associate Prof. Dr. Gülten DURSUN
Learning Outcomes of the Course Unit
1) Remember the meaning and dynamics of economic growth
2) Evaluate the classical theories of growth.
3) Explain neoclassical theories of growth.
4) Recall Keynesian theories of growth.
5) Explain the new theories of growth.
Program Competencies-Learning Outcomes Relation
| Program Competencies | |||||||||||
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | ||
| Learning Outcomes | |||||||||||
| 1 | High | High | High | High | High | High | High | High | High | High | |
| 2 | High | High | High | High | High | High | High | High | High | High | |
| 3 | High | High | High | High | High | High | High | High | High | High | |
| 4 | High | High | High | High | High | High | High | High | High | High | |
| 5 | High | High | High | High | High | High | High | High | High | High | |
Mode of Delivery
Face to Face
Prerequisites and Co-Requisites
None
Recommended Optional Programme Components
Macro Economics
Course Contents
This course covers theories of economic growth and general framework, basic concepts and problems, historical development of the theories, classical, neo-classical, post-Keynesian, and new-endogenous theories of economic growth, and growth related problems of Turkish economy.
Weekly Schedule
1) Economic Growth: Definition and conceptual framework2) Stylized facts of growth
3) Classical Growth Models: Adam Smith
4) Malthusian Growth Model: Population and Growth
5) David Ricardo: Diminishing Returns-Distribution and Growth
6) Marx's Model of Growth
7) Joseph Schumpeter: Innovation and Growth
8) Mİddle Exam
9) Harrod- Domar Model
10) The Basic Solow Model: Capital Accumulation and Growth
11) General Solow Model: Technology and Growth
12) Solow Growth Model: A Numerical Example
13) Convergence, Convergence Clubs, Golden Rule, Poverty Traps
14) Endogenous Growth Models: AK Model
15) Lucas Model: Human Capital and Growth
16) Final Exam
Recommended or Required Reading
Planned Learning Activities and Teaching Methods
1) Lecture
2) Question-Answer
3) Discussion
4) Drill and Practice
5) Modelling
6) Brain Storming
7) Problem Solving
Assessment Methods and Criteria
Contribution of Midterm Examination to Course Grade |
20% |
|---|---|
Contribution of Final Examination to Course Grade |
80% |
Total |
100% |
Language of Instruction
Turkish
Work Placement(s)
Not Required