Course Unit Code | Course Unit Title | Type of Course Unit | Year of Study | Semester | Number of ECTS Credits | 2-İKT-205 | NEW APPROACHES IN GROWTH THEORY | Elective | 1 | 3 | 6 |
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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) |
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Learning Outcomes |
1 | Learning advanced topics in economic growth theory |
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Mode of Delivery |
Daytime Class |
Prerequisites and co-requisities |
None |
Recommended Optional Programme Components |
None |
Course Contents |
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Weekly Detailed Course Contents |
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1 | Derivation and Fundamentals of Integral | | | 2 | Neoclassical 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 | | | 5 | Neoclassical 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 | | | 7 | Endogeneizing the Saving Rate: Ramsey-Cass-Koopmans Model, A General Review of Ramsey Type Models | | | 8 | New Growth Theory: R&D Model (Model without Capital) | | | 9 | New Growth Theory: R&D Model (Model with Capital) | | | 10 | New Growth Theory: Learning by Doing Form of R&D Model | | | 11 | New Growth Theory: Lucas Approach of Human Capital Model | | | 12 | Explaining International Growth Differences, Conditional and Absolute Convergence, Social Infrastructure | | | 13 | Convergence Regressions: Conditional and Absolute COnvergence | | |
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Recommended or Required Reading |
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Planned Learning Activities and Teaching Methods |
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Assessment Methods and Criteria | |
Midterm Examination | 1 | 30 | Attending Lectures | 15 | 10 | Practice | 10 | 10 | Discussion | 10 | 10 | Field Work | 4 | 10 | Individual Study for Mid term Examination | 20 | 10 | Individual Study for Final Examination | 20 | 10 | Homework | 20 | 10 | SUM | 100 | |
Final Examination | 1 | 30 | Report | 1 | 70 | SUM | 100 | Term (or Year) Learning Activities | 30 | End Of Term (or Year) Learning Activities | 70 | SUM | 100 |
| Language of Instruction | Turkish | Work Placement(s) | None |
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Workload Calculation |
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Midterm Examination | 1 | 1 | 1 |
Final Examination | 1 | 2 | 2 |
Attending Lectures | 15 | 10 | 150 |
Individual Study for Mid term Examination | 1 | 15 | 15 |
Individual Study for Final Examination | 1 | 25 | 25 |
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Contribution of Learning Outcomes to Programme Outcomes |
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* Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High |
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Iğdır University, Iğdır / TURKEY • Tel (pbx): +90 476
226 13 14 • e-mail: info@igdir.edu.tr
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