Marmara University
Department of Economics

ECON 8003 Economic Analysis

Prof. A. Suut Doğruel
Fall 2017
Class Meetings: Wednesday 14.00 - 16.50
http://mimoza.marmara.edu.tr/~suut.dogruel

ECON 8003 is an advanced course on economic analysis for students who are already familiar with the main methods used in microeconomic and macroeconomic theories. The course focuses on a set of issues in economic dynamics. First part of the course covers selected topics on change in output level such as Solow model of economic growth, technological change, return to scale.  Second part of the course is devoted to the analyses of the business cycles.  The topics of this part are empirical studies on the fluctuations of the economic variables, exogenous business cycles, and endogenous business cycles.  The topics of the third part are stochastic and deterministic dynamics.

COURSE REQUIREMENTS:

The primary requirements of the course are to keep current with the readings and to participate in the discussion.  Grades for this course will be determined as the sum of the points received from each lecture works (60 points) plus a final examination (40 points).  You have full credit from lecture 1, and lowest lecture credit that you received from lecture 2-11 will be dropped.  Lecture works consist of discussion participation (2 points), lecture note (2 points) and supplementary work (2 points). Supplementary works may be either i) proposing additional reading materials or ii) further study in the lecture topic.  At least one of the supplementary works must be different type than the others.   The lecture notes should be 4-5 pages, with 1-2 pages supplementary works. Lecture note and supplementary work must be submitted in the following meeting.  Complete footnoting of all quotations and paraphrasing is essential.  For the citation and reference formats, you must refer to “Writing Guide for Term Papers and Theses” (http://mimoza.marmara.edu.tr/~economics/webpage/WritingGuide_V1_2006.pdf).
 

 

TOPICS AND SCHEDULE

Lecture 1: Introduction and overview

PART I: CHANGE IN OUTPUT LEVEL
Lecture 2:  Solow Model
Lecture 3:  Technological Change
Lecture 4:  Increasing Return and Growth

PART II: FLUCTUATIONS IN AGGREGATE OUTPUT
Lecture 5:  Early Business Cycle Models
Lecture 6:  Fluctuations in Economic Variables
Lecture 7:  Business Cycle and Exogenous Shock
Lecture 8:  Endogenous Business Cycle

PART III: FURTHER TOPICS IN ECONOMIC DYNAMICS
Lecture 9:  Stochastic Dynamics
Lecture 10: Deterministic Dynamics: Chaos
Lecture 11: Complex Economic Dynamics / Machine Learning

 
FINAL EXAMINATION: TBA