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Information
| Code | ECOS301 |
| Name | Mathematical Methods in Economics |
| Term | 2023-2024 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 | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Doç. Dr. SANLI ATEŞ |
| Course Instructor |
Doç. Dr. ERHAN İŞCAN
(A Group)
(Ins. in Charge)
|
Course Goal / Objective
Improvement of mathematical techniques for students in economics
Course Content
Matrix algebra, static and dynamic optimisation, comperative static analysis, differential and difference equations
Course Precondition
There are no prerequisites.
Resources
Chiang, A. C., & Kevin, W. (2016). Matematiksel İktisadın Temel Yöntemleri. Baskı, Çev. Osman Aydoğuş, Muzaffer Sarımeşeli, Gazi Kitabevi, Ankara.
Notes
Henderson James, M., & Quandt, R. E. (1980). Microeconomic theory. Mathematical Approach.
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Mathematical eligiblity in comprehension of economics. |
| LO02 | Setting and analyzing eligibility of mathematical models in economics |
| LO03 | Making of economic decissions according to the mathematical model. |
| LO04 | Comprehend how economic models is established |
| LO05 | Uses mathematical methods in the analysis of economic events. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Explain the importance of demand and supply in economy sciece and the well-running conditions of the market economy | 5 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Define the role of pricing within the event advantage of the market economy | |
| PLO03 | Bilgi - Kuramsal, Olgusal | Define the role of the state in economy, money and financial policies, the central bank and the structure of the market | |
| PLO04 | Bilgi - Kuramsal, Olgusal | Perceive the costs and benefits arising from the global economy | |
| PLO05 | Bilgi - Kuramsal, Olgusal | Produce nymerical and policy options when confronted with problems | |
| PLO06 | Bilgi - Kuramsal, Olgusal | Use quantitative and qualitative techniques of model building, decoding and interpretation | 5 |
| PLO07 | Bilgi - Kuramsal, Olgusal | Use the theory of economics in the analysis of economic events | 5 |
| PLO08 | Bilgi - Kuramsal, Olgusal | Use computer programs, do synthesis and present prepared data efficiently | |
| PLO09 | Bilgi - Kuramsal, Olgusal | Apply the methods of economic analysis. | 5 |
| PLO10 | Bilgi - Kuramsal, Olgusal | Analyze at conceptual level and aquire abiliy in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems | 5 |
| PLO11 | Bilgi - Kuramsal, Olgusal | Take responsibility individually and/or in a team, take leadership and work effectively | |
| PLO12 | Beceriler - Bilişsel, Uygulamalı | Follow innovative developments in the field being aware of the necessity of lifelong learning and improving him-/herself | |
| PLO13 | Beceriler - Bilişsel, Uygulamalı | Use of different sources about an unfamiliar field within academic principles, synthesize gained data and present effectively | 5 |
| PLO14 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Use Turkish and at least one foreign language in accordance with the requirements of academic and work life | |
| PLO15 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Understand and interpret related peoples´ feelings, thoughts and behaviours correctly; express him-/herself accurately in written and oral language | |
| PLO16 | Yetkinlikler - Öğrenme Yetkinliği | Question traditional approaches, practices and methods. | |
| PLO17 | Yetkinlikler - Öğrenme Yetkinliği | Recognize and apply social, scientific and professional ethical values. |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Matrix algebra-1 | Lecture, Problem Solving | Öğretim Yöntemleri: Anlatım |
| 2 | Matrix algebra-2 | Lecture, Problem Solving | Öğretim Yöntemleri: Anlatım |
| 3 | Static Comperative analysis-1 | Lecture, Problem Solving | Öğretim Yöntemleri: Anlatım |
| 4 | Static Comperative analysis-2 | Lecture, Problem Solving | Öğretim Yöntemleri: Anlatım |
| 5 | Static Comperative analysis-3 | Lecture, Problem Solving | Öğretim Yöntemleri: Anlatım |
| 6 | Static Comperative analysis-4 | Lecture, Problem Solving | Öğretim Yöntemleri: Anlatım |
| 7 | Static and Dynamic Optimization-1 | Lecture, Problem Solving | Öğretim Yöntemleri: Anlatım |
| 8 | Mid-Term Exam | Lecture, Problem Solving | Öğretim Yöntemleri: Anlatım |
| 9 | Static and Dynamic Optimization-3 | Lecture, Problem Solving | Öğretim Yöntemleri: Anlatım |
| 10 | Static and Dynamic Optimization 2 | Lecture, Problem Solving | Öğretim Yöntemleri: Anlatım |
| 11 | First order differential equations | Lecture, Problem Solving | Öğretim Yöntemleri: Anlatım |
| 12 | First order differential equations 2 | Lecture, Problem Solving | Öğretim Yöntemleri: Anlatım |
| 13 | First order differential equations 3 | Lecture, Problem Solving | Öğretim Yöntemleri: Anlatım |
| 14 | Second order differential equations | Lecture, Problem Solving | Öğretim Yöntemleri: Anlatım |
| 15 | Second order differential equations 2 | Lecture, Problem Solving | Öğretim Yöntemleri: Anlatım |
| 16 | Term Exams | Term Exams | Ölçme Yöntemleri: Yazılı Sınav |
| 17 | Term Exams | Term Exams | Ölçme Yöntemleri: Yazılı Sınav |
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 | 25 | 25 |
| Total Workload (Hour) | 121 | ||
| Total Workload / 25 (h) | 4,84 | ||
| ECTS | 5 ECTS | ||