COURSE INFORMATON
Course Title Code Semester L+P Hour Credits ECTS
Mathematical Economics I ECMZ   303 5 3 3 5

Prerequisites and co-requisites
Recommended Optional Programme Components None

Language of Instruction English
Course Level First Cycle Programmes (Bachelor's Degree)
Course Type
Course Coordinator Assist.Prof.Dr. Cevat BİLGİN
Instructors
Prof.Dr.KENAN LOPCU1. Öğretim Grup:A
 
Assistants
Goals
Analysing and understanding relations among economic factors by using mathematical methods, setting up and evaluating economic models
Content
Profit maximization for diffrent markets, keynesian multiplier, Matrix applications to economic models, multivariable Optimization without Constraints, Constrained Optimization.

Learning Outcomes
1) Analysing and solving profit maximization in different markets
2) Applying matrix theory to economic models
3) Analysing and explaining multivariable optimization with and without constarints
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Course's Contribution To Program
NoProgram Learning OutcomesContribution
12345
1
Explains Econometric concepts
2
Acquires basic Mathematics, Statistics and Operation Research concepts
X
3
Equipped with the foundations of Economics, and develops Economic models
X
4
Describes the necessary concepts of Business
5
Models problems with Mathematics, Statistics, and Econometrics
X
6
Estimates the model consistently and analyzes & interprets its results
X
7
Acquires the ability to analyze, benchmark, evaluate and interpret at conceptual levels to develop solutions to problems
X
8
Collects, edits, and analyzes data
X
9
Uses a package program of Econometrics, Statistics, and Operation Research
10
Effectively works, take responsibility, and the leadership individually or as a member of a team
11
Awareness towards life-long learning and follow-up of the new information and knowledge in the field of study
12
Develops the ability of using different resources in the form of academic rules, synthesis the information gathered, and effective presentation in an area which has not been studied
X
13
Uses Turkish and at least one other foreign language, academically and in the business context
14
Good understanding, interpretation, efficient written and oral expression of the people involved
15
Improves his/herself constantly by defining educational requirements considering interests and talents in scientific, cultural, art and social fields besides career development
16
Questions traditional approaches and their implementation while developing alternative study programs when required
X
17
Recognizes and implements social, scientific, and professional ethic values
18
Follows actuality, and interprets the data about economic and social events
X

Course Content
WeekTopicsStudy Materials _ocw_rs_drs_yontem
1 Profit maximization: competetive firm and monopoly Reading the textbook Lecture
Drilland Practice
2 Profit maximization: duopoly and olygoply Reading the textbook Lecture
Drilland Practice
3 A simple macroeconomic model and intro to matrix Reading the textbook Lecture
Drilland Practice
4 Matrix algebra and Cramer rule Reading the textbook Lecture
Drilland Practice
5 Matrix analysis with one and two markets Reading the textbook Lecture
Drilland Practice
6 Two firms with diffrentiated outputs, conjectural var. Reading the textbook Lecture
Drilland Practice
7 Matrix analysis of Keynesian and IS-LM model Reading the textbook Lecture
Drilland Practice
8 Midterm Exam Studying the course content Testing
9 Multivariate calculus (partial derivatives, diffrentials) Reading the textbook Lecture
Drilland Practice
10 Keynesian balanced-badget multiplier, IS-LM balanced-budget multiplier, slopes of IS-LM Reading the textbook Lecture
Drilland Practice
11 Intro to unconstrained optimization Reading the textbook Lecture
Drilland Practice
12 Multivariate optimization, comparative statics, examples Reading the textbook Lecture
Drilland Practice
13 Cost minimization, utility maximization Reading the textbook Lecture
Drilland Practice
14 Expenditure minimization Reading the textbook Lecture
Drilland Practice
15 Review Reading the textbook Lecture
Drilland Practice
16-17 Final Exam Studying the whole course content Testing

Recommended or Required Reading
Textbook
Additional Resources