Nevşehir Hacı Bektaş Veli University Course Catalogue

Information Of Programmes

INSTITUTE OF SOCIAL SCIENCES / İKT-512 - ECONOMICS (MA-WITH THESIS)

Code: İKT-512 Course Title: NEW GROWTH THEORIES Theoretical+Practice: 3+0 ECTS: 5
Year/Semester of Study 1 / Spring Semester
Level of Course 2nd Cycle Degree Programme
Type of Course Optional
Department ECONOMICS (MA-WITH THESIS)
Pre-requisities and Co-requisites None
Mode of Delivery Face to Face
Teaching Period 14 Weeks
Name of Lecturer SERDAR ÖZTÜRK (serdarozturk@nevsehir.edu.tr)
Name of Lecturer(s)
Language of Instruction Turkish
Work Placement(s) None
Objectives of the Course
The aim of this course is to introduce basic models of new growth theories. In terms of this purpose economic growth historical development process will be dealt with until the new growth theories. Therefore, these issues are addressed in this course. Another aim of this course is to make an introduction for how to make theoretical research and scientific publication.

Learning Outcomes PO MME
The students who succeeded in this course:
LO-1 Can explain advanced level of macroeconomic knowledge PO-1 have information about basic economic topics and indicators.
PO-2 have basic information about treatment rules between individuals, markets and countries.
PO-3 have information about the reasons and results of transition that take place in economics.
Examination
LO-2 Can explain new growth theories in growth theories literature. PO-1 have information about basic economic topics and indicators.
PO-2 have basic information about treatment rules between individuals, markets and countries.
PO-3 have information about the reasons and results of transition that take place in economics.
Examination
LO-3 Can establish significant relations among growth theories. PO-1 have information about basic economic topics and indicators.
PO-2 have basic information about treatment rules between individuals, markets and countries.
PO-3 have information about the reasons and results of transition that take place in economics.
Examination
PO: Programme Outcomes
MME:Method of measurement & Evaluation

Course Contents
This course begins with the historical development of economic growth models.Under the assumptions of the Solow approach: transitional dynamics, steady state, golden rule of saving, violations of neoclassical assumptions, and so on. secondly , the consumptionsaving tradeoff is endogenized under the Ramsey framework. The course teaches some other concepts of dynamic macro economics such as subjective rate of discount, intertemporal elasticity of substitution, saddlepath stability, and so on. In summary, a short list of some concepts and topics covered is Neoclassical assumptions,Solow framework,Transitional dynamics,Steady state cases that violate neoclassical assumptions,Ramsey framework,new growth theory.
Weekly Course Content
Week Subject Learning Activities and Teaching Methods
1 Economic Growth and development differences Presantation and Discussion
2 Historical Development of Economic Growth Models Presantation and Discussion
3 Classical Growth Models Presantation and Discussion
4 An Introduction to Neoclassical Economics Presantation and Discussion
5 Neoclassical Growth Models Presantation and Discussion
6 Neoclassical Growth Models Presantation and Discussion
7 Endogenous growth models Presantation and Discussion
8 mid-term exam
9 R&D in new growth model Review Article Review Book
10 Technology in new growth models Review Article Review Book
11 Technology in new growth models Review Article Review Book
12 Human capitals in new growth model Review Article Review Book
13 Human capitals in new growth model Review Article Review Book
14 Public expenditure and policies in the new growth models Review Article Review Book
15 Review of the Semester Review Article Review Book
16 final exam
Recommend Course Book / Supplementary Book/Reading
1 İktisadi Büyümeye Giriş, Charles Jones
2 The Economics of Growth and Distribution, Erinç YELDAN
3 İçsel Büyüme Modelleri ve Türkiye, Sami TABAN
4 Ekonomik Büyüme Kuramları, Enver Alper GÜVEL
Required Course instruments and materials

Assessment Methods
Type of Assessment Week Hours Weight(%)
mid-term exam 8 1 40
Other assessment methods
1.Oral Examination
2.Quiz
3.Laboratory exam
4.Presentation
5.Report
6.Workshop
7.Performance Project
8.Term Paper
9.Project
final exam 16 1 60

Student Work Load
Type of Work Weekly Hours Number of Weeks Work Load
Weekly Course Hours (Theoretical+Practice) 3 14 42
Outside Class
       a) Reading 4 14 56
       b) Search in internet/Library 0
       c) Performance Project 0
       d) Prepare a workshop/Presentation/Report 0
       e) Term paper/Project 0
Oral Examination 0
Quiz 0
Laboratory exam 0
Own study for mid-term exam 4 7 28
mid-term exam 1 1 1
Own study for final exam 4 7 28
final exam 1 1 1
0
0
Total work load; 156