TÜRKÇE
ENGLISH
Information
| Unit | FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES |
| ECONOMETRICS PR. (ENGLISH) | |
| Code | ECMS305 |
| Name | Optimization |
| Term | 2021-2022 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 | E Elective |
| Mode of study | Uzaktan Öğretim |
| Catalog Information Coordinator | Prof. Dr. SÜLEYMAN BİLGİN KILIÇ |
| Course Instructor |
Prof. Dr. SÜLEYMAN BİLGİN KILIÇ
(Güz)
(A Group)
(Ins. in Charge)
|
Course Goal / Objective
To give analytical thinking and problem-solving skills to the students by means of learning and application of the optimization methods
Course Content
Introduction to the theory of optimization, necessary and sufficient conditions for the global maximum or minimum of unrestricted functions, Newton-Raphson method, constrained optimization of continuous functions, lagrangian method in the form of equality constraints, linear programming and the simplex method, sensitivity analysis, expansion of the Lagrangian method in the form inequality constraints, determination of the Kuhn-Tucker necessary and sufficient conditions for the non-linear constrained problems, non-linear programming algorithms; gradient descent method, quadratic programming, geometric programming and stochastic programming
Course Precondition
Resources
Notes
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Students gain analytical thinking and problem solving skills |
| LO02 | Student gets the ability of construction of mathematical models |
| LO03 | Students gain analytical thinking and problem solving skills |
| LO04 | obtain, edit and analyze the data |
| LO05 | use an econometric software |
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 | |
| PLO02 | Bilgi - Kuramsal, Olgusal | Acquires basic Mathematics, Statistics and Operation Research concepts | 3 |
| PLO03 | Bilgi - Kuramsal, Olgusal | Describes the necessary concepts of Business | 4 |
| PLO04 | Beceriler - Bilişsel, Uygulamalı | Equipped with the foundations of Economics, and develops Economic models | 5 |
| PLO05 | Beceriler - Bilişsel, Uygulamalı | Models problems with Mathematics, Statistics, and Econometrics | 3 |
| PLO06 | Beceriler - Bilişsel, Uygulamalı | Analyzes/interprets at the conceptual level to develop solutions to problems | 1 |
| PLO07 | Beceriler - Bilişsel, Uygulamalı | Collects/analyses data from reliable data sources for the purpose of study | 4 |
| PLO08 | Bilgi - Kuramsal, Olgusal | Interprets the results analyzed with the model | 3 |
| PLO09 | Beceriler - Bilişsel, Uygulamalı | Combines the information obtained from different sources within the framework of academic rules in a field of research | 4 |
| PLO10 | Beceriler - Bilişsel, Uygulamalı | Adapts traditional approaches, practices and methods to a new study when necessary | 5 |
| PLO11 | Beceriler - Bilişsel, Uygulamalı | Uses a package program of Econometrics, Statistics, and Operation Research | 3 |
| PLO12 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Leads by taking responsibility individually and/or within the team | 1 |
| 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 follows the current developments in the field / constantly renews itself | |
| 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 | |
| PLO18 | Yetkinlikler - Alana Özgü Yetkinlik | Applies social, scientific and professional ethical values |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Introduction to the theory of optimization | Students will be prepared by studying relevant subjects from the weekly program | |
| 2 | Necessary and sufficient conditions for the global maximum or minimum of unrestricted functions | Students will be prepared by studying relevant subjects from the weekly program | |
| 3 | Newton-Raphson method | Students will be prepared by studying relevant subjects from the weekly program | |
| 4 | Constrained optimization of continuous functions | Students will be prepared by studying relevant subjects from the weekly program | |
| 5 | Lagrangian method in the form of equality constraints | Students will be prepared by studying relevant subjects from the weekly program | |
| 6 | Linear programming and the simplex method | Students will be prepared by studying relevant subjects from the weekly program | |
| 7 | The sensitivity analysis | Students will be prepared by studying relevant subjects from the weekly program | |
| 8 | Mid-Term Exam | Students will be prepared by studying relevant subjects from the weekly program | |
| 9 | Expansion of the Lagrangian method in the form inequality constraints | Students will be prepared by studying relevant subjects from the weekly program | |
| 10 | Determination of the Kuhn-Tucker necessary and sufficient conditions for the non-linear constrained problems | Students will be prepared by studying relevant subjects from the weekly program | |
| 11 | Non-linear programming algorithms | Students will be prepared by studying relevant subjects from the weekly program | |
| 12 | Gradient descent method | Students will be prepared by studying relevant subjects from the weekly program | |
| 13 | Quadratic programming | Students will be prepared by studying relevant subjects from the weekly program | |
| 14 | Geometric programming | Students will be prepared by studying relevant subjects from the weekly program | |
| 15 | Stochastic programming | Students will be prepared by studying relevant subjects from the weekly program | |
| 16 | Term Exams | Students will be prepared by studying relevant subjects from the weekly program | |
| 17 | Term Exams | Students will be prepared by studying relevant subjects from the weekly program |
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 | ||