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Information
| Unit | FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES |
| ECONOMETRICS PR. | |
| Code | EM216 |
| Name | Mathematical Economics I |
| Term | 2017-2018 Academic Year |
| Semester | 4. Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 5 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | Türkçe |
| Level | Üniversite Dersi |
| Type | Normal |
| Label | C Compulsory |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. KENAN LOPCU |
| Course Instructor |
Prof. Dr. KENAN LOPCU
(Bahar)
(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 | Acquires the essentials of microeconomic analysis and the mathematical techniques used. |
| LO02 | Performs the unconstrained and constrained optimization and comparative static analysis. |
| LO03 | Acquires the ability to interpret the solutions obtained economically. |
| LO04 | Gains and introductory exposure to the main quantitative techniques (econometrics and linear programming) used in the empirical analysis of demand, costs and supply decisions. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | - | Explains Econometric concepts | |
| PLO02 | - | Acquires basic Mathematics, Statistics and Operation Research concepts | |
| PLO03 | - | Equipped with the foundations of Economics, and develops Economic models | |
| PLO04 | - | Describes the necessary concepts of Business | |
| PLO05 | - | Models problems with Mathematics, Statistics, and Econometrics | |
| PLO06 | - | Estimates the model consistently and analyzes & interprets its results | |
| PLO07 | - | Acquires the ability to analyze, benchmark, evaluate and interpret at conceptual levels to develop solutions to problems | |
| PLO08 | - | Collects, edits, and analyzes data | |
| PLO09 | - | Uses a package program of Econometrics, Statistics, and Operation Research | |
| PLO10 | - | Effectively works, take responsibility, and the leadership individually or as a member of a team | |
| PLO11 | - | Awareness towards life-long learning and follow-up of the new information and knowledge in the field of study | |
| PLO12 | - | 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 | |
| PLO13 | - | Uses Turkish and at least one other foreign language, academically and in the business context | |
| PLO14 | - | Good understanding, interpretation, efficient written and oral expression of the people involved | |
| PLO15 | - | Improves himself/herself constantly by defining educational requirements considering interests and talents in scientific, cultural, art and social fields besides career development | |
| PLO16 | - | Questions traditional approaches and their implementation while developing alternative study programs when required | |
| PLO17 | - | Recognizes and implements social, scientific, and professional ethic values | |
| PLO18 | - | Follows actuality, and interprets the data about economic and social events |
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 | Mid-Term 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 | Term Exams | ||
| 17 | Term Exams |
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 |