| Course Title | Code | Semester | L+U Hour | Credits | ECTS |
|---|---|---|---|---|---|
| Economic Growth | İKT401 | 7. Semester | 3 + 0 | 3.0 | 5.0 |
| Prerequisites | None |
| Language of Instruction | Turkish |
| Course Level | Undergraduate |
| Course Type | |
| Mode of delivery | Face to face. |
| Course Coordinator |
Assoc. Prof. Dr. İbrahim KÜLÜNK |
| Instructors |
İbrahim KÜLÜNK |
| Assistants | |
| Goals | To explain the concepts related to economic growth, to be able to answer the basic questions about growth from past to present within the framework of growth theories, to reveal the importance and conditions of economic growth. |
| Course Content | Basic concepts of economic growth process. Classical growth models, Ricardo Growth Model. Marxist Growth Theory, Harrod-Domar Growth Model in Keynesian direction, Solow-Swan Growth Model in Neoclassical direction, Endogenous Growth Models, Human Capital Growth Model Convergence hypothesis of the Neoclassical model extended with exogenous technological change and human capital. Ramsey model in the context of optimal growth model. AK approach |
| Learning Outcomes |
- Students can summarize the economic growth models. - Students can summarize the economic growth models. - To be able to analyze growth processes in developed and developing countries in the light of traditional and new growth theories - To be able to analyze growth processes in developed and developing countries in the light of traditional and new growth theories - Students can develop policies in order for economic growth target. - Students can develop policies in order for economic growth target. - To be able to develop policy recommendations by analyzing growth data in a country's economy - To be able to develop policy recommendations by analyzing growth data in a country's economy |
| Week | Topics | Learning Methods |
|---|---|---|
| 1. Week | Basic concepts of growth (measurement methods of growth, types of growth and results of growth), contribution to growth analysis and evaluation of the growth performance of the Turkish economy in recent years | |
| 2. Week | Classical economic growth thought and Adam Smith and Ricardo Growth Model | |
| 3. Week | Marxist Growth Model | |
| 4. Week | Introduction of Basic Tools of Neo-Keynesian Growth Models and Domar Growth Model | |
| 5. Week | Keynesian economics and the Harrod-Domar Model | |
| 6. Week | The Harrod-Domar Model (continue) | |
| 7. Week | Solow Model | |
| 8. Week | MIDTERM EXAM | |
| 9. Week | The Solow Model and Convergence Hypothesis | |
| 10. Week | J Schumpeter: Innovation and economic growth, the effect of enterpreneur | |
| 11. Week | Endogenous growth models | |
| 12. Week | Human Capital Growth Model | |
| 13. Week | Knowledge Production and Overflows (Romer), Public Policy (Barro) Model | |
| 14. Week | R&D Model and AK Approach |
| Hendrik VAN DEN BERG, Economic Growth and Development |
| Yılmaz AKYÜZ, Sermaye, Bölüşüm, Büyüme |
| Ergül HAN and Ayten Ayşen KAYA, Development Economics |
| Program Requirements | Contribution Level | DK1 | DK2 | DK3 | DK4 | Measurement Method |
|---|---|---|---|---|---|---|
| PY1 | 5 | 0 | 0 | 0 | 0 | - |
| PY2 | 5 | 0 | 0 | 0 | 0 | - |
| PY3 | 5 | 0 | 0 | 0 | 0 | - |
| PY4 | 4 | 0 | 0 | 0 | 0 | - |
| PY5 | 4 | 0 | 0 | 0 | 0 | - |
| PY6 | 5 | 0 | 0 | 0 | 0 | - |
| PY7 | 4 | 0 | 0 | 0 | 0 | - |
| PY8 | 4 | 0 | 0 | 0 | 0 | - |
| PY9 | 3 | 0 | 0 | 0 | 0 | - |
| PY10 | 3 | 0 | 0 | 0 | 0 | - |
| PY11 | 5 | 0 | 0 | 0 | 0 | - |
| PY12 | 5 | 0 | 0 | 0 | 0 | - |
| PY13 | 5 | 0 | 0 | 0 | 0 | - |
| PY14 | 3 | 0 | 0 | 0 | 0 | - |
| 0 | 1 | 2 | 3 | 4 | 5 | |
|---|---|---|---|---|---|---|
| Course's Level of contribution | None | Very Low | Low | Fair | High | Very High |
| Method of assessment/evaluation | Written exam | Oral Exams | Assignment/Project | Laboratory work | Presentation/Seminar |
| Event | Quantity | Duration (Hour) | Total Workload (Hour) |
|---|---|---|---|
| Course Hours | 14 | 3 | 42 |
| Preparation, After Class Study | 14 | 2 | 28 |
| Research | 5 | 2 | 10 |
| Verbal Expression | 14 | 1 | 14 |
| Visual Presentation | 4 | 2 | 8 |
| Practice | 3 | 6 | 18 |
| Midterm 1 | 1 | 1 | 1 |
| Homework 1 | 1 | 2.5 | 2.5 |
| Final | 1 | 1 | 1 |
| Classroom Activities | 3 | 1 | 3 |
| Total Workload | 127.5 | ||
| ECTS Credit of the Course | 5.0 | ||
