Information Package / Course Catalogue
Growth and Development Theories
Course Code: EKO524
Course Type: Area Elective
Couse Group: Second Cycle (Master's Degree)
Education Language: Turkish
Work Placement: N/A
Theory: 3
Prt.: 0
Credit: 3
Lab: 0
ECTS: 5
Objectives of the Course

This course is designed to provide students with the understanding of theories of economic growth and development. At the same time the course introduces the students to the empirical analysis of economic growth and to important facts relative to policies and performances of countries. The basic path of the course will be twofold. First, we develop the economics of growth. The basic question will be how well economic theory can explain the actual growth record of the world’s countries. Second, it aims to enable the student to grasp the concepts, appreciate the specific nature of country experiences with growth – including the magnitudes and institutional structure - and develop a skill in using some of the tools of this literature such as growth accounting.

Course Content

This course equips candidates with in-depth knowledge on classical and Marx's classical growth theories, Keynesian static analysis, Harrod-Domar's growth models, Neo-Classical growth: R. Solow, endogenous growth theories

Name of Lecturer(s)
Learning Outcomes
1.Have knowledge of theories related to growth,
2.Understands the relationship between growth in other macro economic variables,
3.What are the basic determinants of growth, learns
4.Understand why in real life countries have different growth rates and development levels.
5.Explain and explain the connections between development and population, health, education, migration and women's studies.
Recommended or Required Reading
1.ÜNSAL E. M.(2007), İktisadi Büyüme, İmaj Yayınevi, Ankara
2.Economics of Development, 6th edition, Dwight H.Perkins, Steven Radelet and David L. Lindauer, 2006.
Weekly Detailed Course Contents
Week 1 - Theoretical
Division of labor and growth, Maltus'un growth model, the population growth function
Week 2 - Theoretical
David Ricardo descending verimelr-division growth, ücre theory, rent theory, GA: Feldman: Investment Priorities
Week 3 - Theoretical
Joseph Schumpeter: Innovation and growth
Week 4 - Theoretical
Harrod-Domar model, the historical development of the model, model assumptions, the required growth rate, natural growth rate. The results of the model in terms of economic development
Week 5 - Theoretical
Solow growth model, the model structure, Solow diagram, a modified Cobb-Douglas solution of the Solow model diagram
Week 6 - Theoretical
General economic growth model and
Week 7 - Intermediate Exam
Revision of Midterm Exams
Week 8 - Intermediate Exam
Midterm Exams
Week 9 - Theoretical
Endogenous growth models, arrow-Romer model, lucas model, current model, the spread of technology and growth determinants
Week 10 - Theoretical
Foundations and Development of Development Theory
Week 11 - Theoretical
Global Development and the liberalization process
Week 12 - Theoretical
Agriculture and Development
Week 13 - Theoretical
Financial System and Development
Week 14 - Theoretical
Financing for Development
Week 15 - Final Exam
Final Exams
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory153390
Midterm Examination110212
Final Examination120222
TOTAL WORKLOAD (hours)124
Contribution of Learning Outcomes to Programme Outcomes
PÇ-1
PÇ-2
PÇ-3
PÇ-4
PÇ-5
PÇ-6
PÇ-7
PÇ-8
PÇ-9
PÇ-10
PÇ-11
PÇ-12
PÇ-13
OÇ-1
4
4
4
4
4
4
4
4
4
4
4
4
4
OÇ-2
4
4
4
4
4
4
4
4
4
4
4
4
4
OÇ-3
4
4
4
4
4
4
4
4
4
4
4
4
4
OÇ-4
4
4
4
4
4
4
4
4
4
4
4
4
4
OÇ-5
4
4
4
4
4
4
4
4
4
4
4
4
4
Adnan Menderes University - Information Package / Course Catalogue