Description of Individual Course Units
Course Unit CodeCourse Unit TitleType of Course UnitYear of StudySemesterNumber of ECTS Credits
2-İKT-205NEW APPROACHES IN GROWTH THEORYElective136
Level of Course Unit
Second Cycle
Objectives of the Course
Traditional and modern growth theories, new approaches to growth theory, models including new approaches and other interactions, Modern Growth Theories, First Wave: Analysis and Discussion of Harrod-Domar Growth Models, Second Wave: Analysis and Discussion of Neoclassical Solow Model, Analysis and Discussion of Neo-Keynesian Growth Model, Third Wave: Birth of Endogenous Growth Models, Types of Endogenous Growth Models, Empirical Studies of Endogenous Growth Models and discussions on Endogenous Growth Models.
Name of Lecturer(s)
Learning Outcomes
1Learning advanced topics in economic growth theory
Mode of Delivery
Daytime Class
Prerequisites and co-requisities
None
Recommended Optional Programme Components
None
Course Contents
Weekly Detailed Course Contents
WeekTheoreticalPracticeLaboratory
1 Derivation and Fundamentals of Integral
2Neoclassical Growth: Assumptions of Solow Growth Model, Neoclassical Production Functions, Solow Steady State Equation
3 Neoclassical Growth: Direction Fields, Isoclines, Direction Field of Solow Model, Isocline Analysis
4 Neoclassical Growth: Stability, Asymptotic Stability, Local Stability, Global Stability, Phase Line
5Neoclassical Growth: Balanced Growth Path of Solow Model and its Properties, Impacts of Changes in Saving Rates in Solow Model
6 Neoclassical Growth: Golden Rule of Capital Stock
7Endogeneizing the Saving Rate: Ramsey-Cass-Koopmans Model, A General Review of Ramsey Type Models
8New Growth Theory: R&D Model (Model without Capital)
9New Growth Theory: R&D Model (Model with Capital)
10 New Growth Theory: Learning by Doing Form of R&D Model
11New Growth Theory: Lucas Approach of Human Capital Model
12Explaining International Growth Differences, Conditional and Absolute Convergence, Social Infrastructure
13 Convergence Regressions: Conditional and Absolute COnvergence
Recommended or Required Reading
Planned Learning Activities and Teaching Methods
Assessment Methods and Criteria
Term (or Year) Learning ActivitiesQuantityWeight
Midterm Examination130
Attending Lectures1510
Practice1010
Discussion1010
Field Work410
Individual Study for Mid term Examination2010
Individual Study for Final Examination2010
Homework2010
SUM100
End Of Term (or Year) Learning ActivitiesQuantityWeight
Final Examination130
Report170
SUM100
Term (or Year) Learning Activities30
End Of Term (or Year) Learning Activities70
SUM100
Language of Instruction
Turkish
Work Placement(s)
None
Workload Calculation
ActivitiesNumberTime (hours)Total Work Load (hours)
Midterm Examination111
Final Examination122
Attending Lectures1510150
Individual Study for Mid term Examination11515
Individual Study for Final Examination12525
TOTAL WORKLOAD (hours)193
Contribution of Learning Outcomes to Programme Outcomes
PO
1
PO
2
PO
3
PO
4
PO
5
PO
6
PO
7
PO
8
LO1        
* Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High
 
Iğdır University, Iğdır / TURKEY • Tel (pbx): +90 476 226 13 14 • e-mail: info@igdir.edu.tr