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Information
| Unit | FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES |
| ECONOMETRICS PR. | |
| Code | EKMZ303 |
| Name | Mathematical Economics I |
| Term | 2017-2018 Academic Year |
| Semester | 5. Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 5 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | Türkçe |
| Level | Lisans Dersi |
| Type | Normal |
| Label | C Compulsory |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. KENAN LOPCU |
| Course Instructor |
Yrd.Doç.Dr. CEVAT BİLGİN
(Güz)
(A Group)
(Ins. in Charge)
|
Course Goal / Objective
This course is the first part of a two semester sequence designed to provide students with analytical tools and the quantitative techniques of economic analysis. To acquire effectively the information presented in class, students who are taking this class are expected to have basic knowledge of calculus (IEM 125-126), linear algebra (IEM 205) and microeconomics (IEC 201-202). The focus will be on the microeconomic analysis for this semester. The course will present an integrated approach to consumer theory and the derivation of individual and market demand functions; producer theory and the derivation of production, output supply, input demand, and cost and profit functions. Market structures and market equilibrium, resource allocation and efficiency will be formally analyzed. The course will also include an introduction to welfare economics and will acquaint students with the basic principles and analytical tools used in applied welfare economics and public finance.
Course Content
Subject Matters and Methodology, Market Theory and Structures, Consumer Theory and Demand Analysis, Producer Theory and Supply Analysis, Introduction to Welfare Economics and Linear Programming
Course Precondition
Resources
Notes
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Applying matrix theory to economic models |
| LO02 | Analysing profit maximization for different markets |
| LO03 | Analysing the utility maximization and expenditure minimization |
| LO04 | Analysing multivariable optimization with constraints |
| LO05 | Analysing multivariable optimization without constraints |
| LO06 | Provides model solutions using matrix applications to economic models. |
| LO07 | Define the Keynesian multiplier concept and explain its effects on economic systems. |
| LO08 | Solves unconstrained and constrained optimization problems and applies related techniques. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Explain the basic concepts and theorems in the fields of Econometrics, Statistics and Operations research | 5 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Acquires basic Mathematics, Statistics and Operation Research concepts | 5 |
| PLO03 | Bilgi - Kuramsal, Olgusal | Describes the necessary concepts of Business | |
| PLO04 | Beceriler - Bilişsel, Uygulamalı | Equipped with the foundations of Economics, and develops Economic models | 4 |
| PLO05 | Beceriler - Bilişsel, Uygulamalı | Models problems with Mathematics, Statistics, and Econometrics | 5 |
| PLO06 | Beceriler - Bilişsel, Uygulamalı | Analyzes/interprets at the conceptual level to develop solutions to problems | 5 |
| PLO07 | Beceriler - Bilişsel, Uygulamalı | Collects/analyses data from reliable data sources for the purpose of study | 3 |
| PLO08 | Beceriler - Bilişsel, Uygulamalı | Interprets the results analyzed with the model | |
| PLO09 | Beceriler - Bilişsel, Uygulamalı | Combines the information obtained from different sources within the framework of academic rules in a field of research | |
| PLO10 | Beceriler - Bilişsel, Uygulamalı | Adapts traditional approaches, practices and methods to a new study when necessary | |
| PLO11 | Beceriler - Bilişsel, Uygulamalı | Uses a package program of Econometrics, Statistics, and Operation Research | |
| PLO12 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Leads by taking responsibility individually and/or within the team | |
| PLO13 | Yetkinlikler - Öğrenme Yetkinliği | In addition to herself/himself professional development, constantly improves in scientific, cultural, artistic and social fields in line with interests and abilities | |
| PLO14 | Yetkinlikler - Öğrenme Yetkinliği | Being aware of the necessity of lifelong learning, it constantly renews itself by following the current developments in its field. | |
| PLO15 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Uses Turkish and at least one other foreign language, academically and in the business context | |
| PLO16 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Interprets the feelings, thoughts and behaviors of the related persons correctly/expresses himself/herself correctly in written and verbal form | |
| PLO17 | Yetkinlikler - Alana Özgü Yetkinlik | Interprets data on current economic and social issues | 5 |
| PLO18 | Yetkinlikler - Alana Özgü Yetkinlik | Applies social, scientific and professional ethical values | 4 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Subject Matters and Methodology | Readings and problem set | |
| 2 | Methodology | Readings and problem set | |
| 3 | Methodology | Readings and problem set | |
| 4 | Market Theory and Structures -output approach | Readings and problem set | |
| 5 | Market Theory and Structures -output approach | Readings and problem set | |
| 6 | Consumer Theory and Demand Analysis | Readings and problem set | |
| 7 | Consumer Theory and Demand Analysis | Readings and problem set | |
| 8 | Midterm Exam | ||
| 9 | Producer Theory and Supply Analysis-I | Readings and problem set | |
| 10 | Producer Theory and Supply Analysis-I | Readings and problem set | |
| 11 | Producer Theory and Supply Analysis-II | Readings and problem set | |
| 12 | Producer Theory and Supply Analysis-II | Readings and problem set | |
| 13 | Introduction to Welfare Economics | Readings and problem set | |
| 14 | Introduction to Linear Programming | Readings and problem set | |
| 15 | Review | Readings and problem set | |
| 16 | Final Exam | ||
| 17 | Final Exam |
Assessment (Exam) Methods and Criteria
| Assessment Type | Midterm / Year Impact | End of Term / End of Year Impact |
|---|---|---|
| 1. Midterm Exam | 100 | 40 |
| General Assessment | ||
| Midterm / Year Total | 100 | 40 |
| 1. Final Exam | - | 60 |
| Grand Total | - | 100 |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 3 | 42 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 3 | 42 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 0 | 0 | 0 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 12 | 12 |
| Final Exam | 1 | 18 | 18 |
| Total Workload (Hour) | 114 | ||
| Total Workload / 25 (h) | 4,56 | ||
| ECTS | 5 ECTS | ||