Course Code: IKT309
Course Title: Economic Growth
Type of Course: Compulsory
Level of Course: Undergraduate
Year of Study: 3
Semester: 1
Number of Credits: 4
Language of Instruction: Turkish
(the course maybe available in English during your visit, contact your Erasmus coordinator)
Lecturer N. Emrah Aydınonat
Objevtive of the course
This is a course on Economic Growth which introduces the basic models of economic growth to undergraduate students of economics. The course aims to provide a better understanding of sources of economic growth. Theme question of the course is the following: Why some nations are rich and others are poor?
Course Contents
Week – Topics – [Readings]
1. Introduction to Economic Growth: Definition, Basic Concepts and Relationships [1], [2], [3], [5], [6], [7], [22]
2. Output, Factors of Production, Distribution of Income [1], [2], [3], [5], [6], [7], [22]
3. Classical Models of Economic Growth: a. David Hume / b. Adam Smith / c. Thomas Malthus
/ d. David Ricardo / e. Karl Marx [1], [2], [3], [8], [31], [32]
4. Joseph A. Schumpeter: Entrepreneurship, Innovation and Evolutionary Economics [1]
5. Keynesian Models of Economic Growth: a. Harrod-Domar / b. Two-Gap Model [1], [3], [28], [30]
6. Neoclassical Models of Economic Growth: a. Solow Model [1], [3], [4], [29]
7. a. Solow Model and its Extensions / b. Ramsey-Cass-Koopmans Model [1], [3], [4], [29]
8. Empirics of Growth: Neo-classical models and Real World Data1 [1], [3], [4], [11], [30]
9. Models of Endogenous Growth: a. Endogenous Growth / b. Types of Endogenous Growth / c. Rebelo’s AK Model [1], [3], [5], [14], [9], [20]
10. Endogenous Growth: Romer’s R&D Model [1], [3], [5], [14], [9], [20], [31]
11. Endogenous Growth: Lucas Growth Model [1], [3], [5], [14], [9], [20]
12. Population and Economic Growth [1]
13. Institutions and Economic Growth I [1], [12], [13], [14], [15], [18], [19], [21], [24], [25], [26], [27]
14. Institutions and Economic Growth II [1], [12], [13], [14], [15], [18], [19], [21] , [24], [25], [26], [27]
Teaching Method
The main teaching method of this course is regular lectures given by the instructor. Students are required to read the material suggested by the instructor before every lecture and join the discussion during the lecture. Every student is required to prepare an essay for the course and present it at the end of the semester. The course has an electronic discussion list where students discuss topics related to the course. Required Reading for the final essay: [16], [17], [18], [19] (see the list of Recommended Readings)
Assessment Methods
Exam Duration ~1 hour
Class Activity (%20) + Quizzes (%40) + Midterm Exam (%40) 40 %
Final Exam (%60) + Essay (%40) 60 %
Prerequisites
- Microeconomics
- Macroeconomics
Recomemded Readings
[1] van den Berg, H. (2001) Economic Growth and Development, McGraw-Hill/Irwin.
[2] Tezel, Y. S. (1997) İktisadi Büyüme, Ankara: İmaj.
[3] Jones, C. I. (2001) İktisadi Büyümeye Giriş, Ankara: Litaratür Yayıncılık, Çev: S. Ateş ve İ. Tuncer.
[4] Helpman, E. (2004) The Mystery of Economic Growth, Belknap Press.
[5] Kibritçioğlu, A. (1998): “İktisadi Büyümenin Belirleyicileri ve Yeni Büyüme Modellerinde Beşeri Sermayenin Yeri”, AÜSBF Dergisi, 53/1-4: 207-230.
[6] Sen, Amartya (1988) “The Concept of Development” içinde Chebery, H. ve T. N. Srinivasan (der.) Handbook of Development Economics, Vol. 1, Amsterdam: North Holland.
[7] Deutche Bank Raporu “Measures of Well-Being: There is more to it than GDP” http://www.dbresearch.com/PROD/DBR_INTERNET_DE-PROD/PROD0000000000202587.PDF#search=%22measures%20of%20well-being%22
[8] Kibritçioglu, Aykut, (2002) “On the Smithian origins of “new” trade and growth theories.” Economics Bulletin, Vol. 2, No. 1 pp. 1-15
[9] Sala-i.Martin, X. (2002) “15 Years of New Growth Economics: What Have We Learnt?” Central Bank of Chile, Working Papers, No. 172
[10] OECD (2005): İktisadi Büyümeyi Anlamak (Understanding Economic Growth: A Macro-level, Industry-level, and Firm-level Perspective). İstanbul: TÜSİAD, Yayın No. 2005-04-392.
[11] Barro, R. J. (1998) Determinants of Economic Growth: A Cross-Country Empirical Study. MIT Press.
[12] Aron, Janine (2000) “Growth and Institutions: A Review of Evidence”, The World Bank Research Observer 15 (1): 99 – 135.
[13] Greif, Avner (2006) Institutions and the Path to the Modern Economy: Lessons from Medieval Trade, New York: Cambridge University Press. İçindekiler ve Giriş
[14] Kibritçioğlu, A. & Dibioğlu, S. (2001) Long-run Economic Growth: An Interdisciplinary Approach, Office of Research Working Paper No. 01-0121, University of Illinois Urbana-Champaign.
[15] Kuran, Timur (2004) “Why the Middle East is Economically Underdeveloped: Historical Mechanisms of Institutional Stagnation”, Journal of Economic Perspectives 18 (3): 71-90.
[16] Diamond, J. (2002) Tüfek, Mikrop ve Çelik, Ankara: TÜBİTAK.
[17] Rosenberg, N. ve L. Birdzell, Jr. (1992) Batı Nasıl Zengin Oldu? Endüstri Dünyasının Ekonomik Değişimi, İstanbul: Form Yayınları.
[18] North, D. C. (2002) Kurumlar, Kurumsal Değişim ve Ekonomik Performans, İstanbul: Sabancı Üniversitesi Yayınları.
[19] Fukuyama, F. (2005) Devlet İnşası, İstanbul: Remzi Kitabevi
[20] Parente, S. (2001): “The Failure of Endogenous Growth” Knowledge, Technology & Policy, 13/4: 49-58
[21] Olson, M. (1996) “Big Bills Left on the Side Walk: Why Some Nations are Rich and Others are Poor”, Journal of Economic Perspectives 10 (2): 3-2.
[22] Pamuk, Ş. (2007) Dünyada ve Türkiye’de Ekonomik Büyüme 1820-2005, Hazine Uzmanları Derneği, Mayıs 2007
[23] Pranab K. Bardhan, “Institutions matter, but which ones?” (2005). Economics ofTransition. 13 (3), pp. 499-532.
[24] Hendrich, J. et al. (2001) Economic Man in Cross-Cultural Perspective, mimeo.
[25] Henrich, J., Robert Boyd, Sam Bowles, Herbert Gintis and Ernst Fehr (2001) In Search of Homo economicus: Experiments in 15 Small-Scale Societies (2001) American Economic Review, 91: 73-78.
[26] Hendrich, J. (2000) Does Culture Matter in Economic Behavior? Ultimatum Game Bargaining Among the Machiguenga Indians of the Peruvian Amazon (2000) American Economic Review 90(4): 973-979 (Tablo 1). Uzun versiyon için buraya tıklayın!!
[27] Sachs, J. D. (2003) Institutions Matter, But Not For Everything, Finance and Development
[28] Harrod, R. F. (1939) “An Essay in Dynamic Theory” The Economic Journal, 49 (193): 14 – 33.
[29] Solow, R.M. (1956) “A Contribution to the Theory of Economic Growth” Quarterly Journal of Economics. Vol. 70 (1) pp. 65-94.
[30] Easterly, W. (2002) The Elusive Quest for Growth: Economists’ Adventures and Misadventures in the Tropics, MIT Press.
[31] Warsh, D. (2006) Knowledge and The Wealth of Nations, W.W. Norton.
[32] Smith, Adam (1776 [2006]) Milletlerin Zenginliği, Türkiye İş Bankası Kültür Yayınları.
Posted by N. Emrah AYDINONAT Perşembe, Ocak 31, 2008
Etiketler: İB 2007, İktisadi Büyüme
