TÜRKÇE
ENGLISH
Information
| Unit | FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES |
| ECONOMETRICS PR. (ENGLISH) | |
| Code | ECMZ303 |
| Name | Mathematical Economics I |
| Term | 2018-2019 Academic Year |
| Semester | 5. Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 5 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | İngilizce |
| Level | Lisans 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
(Güz)
(A Group)
(Ins. in Charge)
|
Course Goal / Objective
Analysing and understanding relations among economic factors by using mathematical methods, setting up and evaluating economic models
Course Content
Profit maximization for diffrent markets, keynesian multiplier, Matrix applications to economic models, multivariable Optimization without Constraints, Constrained Optimization.
Course Precondition
Resources
Notes
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Analysing and solving profit maximization in different markets |
| LO02 | Applying matrix theory to economic models |
| LO03 | Analysing and explaining multivariable optimization with and without constarints |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | - | Explains Econometric concepts | 0 |
| PLO02 | - | Acquires basic Mathematics, Statistics and Operation Research concepts | 5 |
| PLO03 | - | Equipped with the foundations of Economics, and develops Economic models | 5 |
| PLO04 | - | Describes the necessary concepts of Business | 0 |
| PLO05 | - | Models problems with Mathematics, Statistics, and Econometrics | 4 |
| PLO06 | - | Estimates the model consistently and analyzes & interprets its results | 1 |
| PLO07 | - | Acquires the ability to analyze, benchmark, evaluate and interpret at conceptual levels to develop solutions to problems | 4 |
| PLO08 | - | Collects, edits, and analyzes data | 2 |
| PLO09 | - | Uses a package program of Econometrics, Statistics, and Operation Research | 0 |
| PLO10 | - | Effectively works, take responsibility, and the leadership individually or as a member of a team | 0 |
| PLO11 | - | Awareness towards life-long learning and follow-up of the new information and knowledge in the field of study | 0 |
| 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 | 3 |
| PLO13 | - | Uses Turkish and at least one other foreign language, academically and in the business context | 0 |
| PLO14 | - | Good understanding, interpretation, efficient written and oral expression of the people involved | 0 |
| PLO15 | - | Improves his/herself constantly by defining educational requirements considering interests and talents in scientific, cultural, art and social fields besides career development | 0 |
| PLO16 | - | Questions traditional approaches and their implementation while developing alternative study programs when required | 2 |
| PLO17 | - | Recognizes and implements social, scientific, and professional ethic values | 0 |
| PLO18 | - | Follows actuality, and interprets the data about economic and social events | 4 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Profit maximization: competetive firm and monopoly | Reading the textbook | |
| 2 | Profit maximization: duopoly and olygoply | Reading the textbook | |
| 3 | A simple macroeconomic model and intro to matrix | Reading the textbook | |
| 4 | Matrix algebra and Cramer rule | Reading the textbook | |
| 5 | Matrix analysis with one and two markets | Reading the textbook | |
| 6 | Two firms with diffrentiated outputs, conjectural var. | Reading the textbook | |
| 7 | Matrix analysis of Keynesian and IS-LM model | Reading the textbook | |
| 8 | Midterm Exam | Studying the course content | |
| 9 | Multivariate calculus (partial derivatives, diffrentials) | Reading the textbook | |
| 10 | Keynesian balanced-badget multiplier, IS-LM balanced-budget multiplier, slopes of IS-LM | Reading the textbook | |
| 11 | Intro to unconstrained optimization | Reading the textbook | |
| 12 | Multivariate optimization, comparative statics, examples | Reading the textbook | |
| 13 | Cost minimization, utility maximization | Reading the textbook | |
| 14 | Expenditure minimization | Reading the textbook | |
| 15 | Review | Reading the textbook | |
| 16 | Final Exam | Studying the whole course content | |
| 17 | Final Exam | Studying the whole course content |
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 | ||