| Course Type | Elective Course |
|---|
| Course Level | Bachelor's Degree |
|---|
| Year of Study | 4 |
|---|
| Semester | - |
|---|
| ECTS | 5 |
|---|
| Name of Lecturer(s) |
|
| Learning Outcomes |
At the end of this course, the students;
- Define determinants of economic growth.
- Construct a theoretical model to explain why some countries grow faster than others.
- Compare exogeneous and endogeneous economic growth models.
- Analyze the steady state and transitional dynamics of economic growth models both graphically and
- Decide which economic growth model to use in order to answer a research question related to the field.
|
| Mode of Delivery | Face to face |
|---|
| Prerequisites | No |
|---|
| Recommended Optional Programme Components | Macroeconomic Theory I;
Macroeconomic Theory II |
|---|
| Course Description | In this course, we will analyze and apply economic theory to the empirical observations of economic growth and answer the following questions: Why does the output per capita in some countries grow faster than others? Why do living standards differ so much across countries and regions? Why are some countries 50 times richer than others? Why do per capita growth rates differ over long periods? What are the limits to growth? |
|---|
| Course Contents |
| WEEK |
TOPICS |
|
1st Week |
Introduction, Economic Growth: Why do we care about economic growth? |
|
2nd Week |
Stylized facts about economic growth, Growth Accounting |
|
3rd Week |
Harrod-Domar model |
|
4th Week |
Basic Solow Model |
|
5th Week |
Augmented Solow model |
|
6th Week |
Neoclassical growth model |
|
7th Week |
Midterm |
|
8th Week |
Neoclassical growth model |
|
9th Week |
Overlapping Generations model |
|
10th Week |
Overlapping Generations model |
|
11th Week |
Working on research proposals |
|
12th Week |
Applications of Overlapping Generations model: Social security systems |
|
13th Week |
Presentations Session 1 |
|
14th Week |
Presentations Session 2 |
|
| Recommended or Required Reading | David N. Weil, Economic Growth,2nd ed. (New York: Pearson- Addison Wesley, 2009).
Charles I. Jones, Introduction to Economic Growth. (New York: Norton, 1998)
Lecture Notes
|
|---|
| Planned Learning Activities and Teaching Methods |
|
|---|
| Assessment Methods and Criteria |
|
Quantity |
Percentage (%) |
| Mid-term |
1 |
40 |
| Project |
1 |
50 |
| Attendance |
1 |
10 |
| Total(%) |
|
100 |
| Contribution of In-term Studies to Overall Grade(%) |
|
100 |
| Contribution of Final Examination to Overall Grade(%) |
|
0 |
| Total(%) |
|
100 |
|
| ECTS Allocated Based on Student Workload |
| Activities |
Quantity |
Duration (Hour) |
Total Workload (Hour) |
| Midterm exam |
1 |
1 |
1 |
| Preparation for Quiz |
0 |
0 |
0 |
| Individual or group work |
14 |
3 |
42 |
| Preparation for Final exam |
0 |
0 |
0 |
| Course hours |
14 |
3 |
42 |
| Preparation for Midterm exam |
1 |
30 |
30 |
| Laboratory (including preparation) |
0 |
0 |
0 |
| Final exam |
0 |
0 |
0 |
| Homework |
0 |
0 |
0 |
| Project |
1 |
30 |
30 |
| Total Work Load | 145 |
| Total Work Load / 30 (h) | 4.83 |
| ECTS Credit of the Course | 5 |
|
| Language of Instruction | English |
|---|
| Work Placement(s) | No |
|---|
