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Information
| Code | TEP374 |
| Name | Mathematical Economics |
| Semester | 6. Semester |
| Duration (T+A) | 2-0 (T-A) (17 Week) |
| ECTS | 3 ECTS |
| National Credit | 2 National Credit |
| Teaching Language | Türkçe |
| Level | Belirsiz |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. HAYDAR ŞENGÜL |
Course Goal
To gain mathematical approach to define economic concepts and to introduce utilization of mathematical tools in economical problem solving
Course Content
Importance and benefits of using mathematics in economics; function and graphs in economics (functions of total return, demand functions and cost functions and graphs); derivative and its economic interpretation; economic applications of derivatives; power functions and logarithmic functions; matrices; determinants and linear functions
Course Precondition
None
Resources
Alpha C. Chiang, Matematiksel İktisadın Temel Yöntemleri (Çev. E. Kip, M. Sarımeşeli, O. Aydoğuş) Teori Yayınları, Ankara.
Notes
Hasan Ersel, İktisatçılar İçin Matematik, AÜ SBF Yayınları No: 461, Ankara.
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Is able to explain and to present some basic economic relations mathematically |
| LO02 | Knows which mathematical tool can be used to solve some basic economic problems |
| LO03 | Can set up simple models for economic facts |
| LO04 | Can solve some basic economic problems using appropriate mathematical methods |
| LO05 | Able to generalize solutions and findings for n-case |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | is be able to explain and apply basic theories related to major science and engineering courses in order to form a foundation which enables him/her to understand advanced level subjects related to his/her profession | 3 |
| PLO02 | Bilgi - Kuramsal, Olgusal | is able to describe, intorduce and evaluate crop and animal production techniques, tools and equipment used in this area and explain role, importance and development of agriculture in national and world economy | |
| PLO03 | Bilgi - Kuramsal, Olgusal | is able to describe characteristics and interrelations of all stages from production to consumption in agricultural sector; is able to describe basic concepts related to efficienct and sustianable use of resources; is able to explain and apply basic economic principles used for this purpose | |
| PLO04 | Bilgi - Kuramsal, Olgusal | is able to explain concepts, thought, theory and methods related to major economic, social, natural, cultural, institutional, organizational and legal factors affecting activities in agricultural sector and rural areas, also national and international forces and interaction between them, their universal and social effects | |
| PLO05 | Bilgi - Kuramsal, Olgusal | is able to apply basic principles of economics to the problemes encountered in agricultural sector | 3 |
| PLO06 | Bilgi - Kuramsal, Olgusal | is able to show and express economic and social data to be used in agricultural decision making process in tables, graphs and mathematical symbols | 4 |
| PLO07 | Bilgi - Kuramsal, Olgusal | is able to apply ecosystem, biodiversity, sustainable resource management, rural development, planning and technology use related knowledge to crop and animal production and marketing processes | |
| PLO08 | Bilgi - Kuramsal, Olgusal | determines required data related to the analysis of problems encountered in agricultural sector, critically examines and uses those data, selects a proper frame, model and method for the analysis, and evaluates results of the analysis | 5 |
| PLO09 | Bilgi - Kuramsal, Olgusal | uses basic information technologies in the analysis of economic and social data and uses software prepared for this purpose and interpretes results | |
| PLO10 | Bilgi - Kuramsal, Olgusal | is able to carry studies related to his/her field independently and according to the legal procedures; is able to give consultancy, supervising, and expertise services in those fields; is able to join to team works | |
| PLO11 | Beceriler - Bilişsel, Uygulamalı | is able to get access to actual and updated information in the field; is able to inquire knowledge obtained and use them for public benefit according to the purpose selected | |
| PLO12 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | is able to communicate with sepacialist and non-specialist people both in verbal and written form; is able to select most appropriate communications methods; is able to develop cooperation with stakeholders on producer and organization basis | |
| PLO13 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | acquires general and professional foreign language command at a sufficient level to observe professional developments and communicate with colleagues;is able to use information and communication technologies | |
| PLO14 | Yetkinlikler - Öğrenme Yetkinliği | is able to identify problems that can be encountered in agricultural sector; determines their context, evaluates effects of solutions, projects and policies applied in this context, produces solutions, projects and policy alternatives, foresees possible effects of alternatives suggested by himself/herself or others, selects the most appropriate alternative in terms of the goals selected, applies, direcs and monitors project | 2 |
| PLO15 | Yetkinlikler - Öğrenme Yetkinliği | is able to describe historical development of the profession, ethical principles obligatory during the performance of the profession and to be consicous of meticulous application of these principles |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Relationships between mathematics and economics, Importance and benefits of using mathematics in economics; | Lecture notes and related sections of the suggested resources | Öğretim Yöntemleri: Anlatım, Tartışma |
| 2 | Functions and graphs in economics | Lecture notes and related sections of the suggested resources | Öğretim Yöntemleri: Anlatım, Tartışma |
| 3 | Function and graphs for demand | Lecture notes and related sections of the suggested resources | Öğretim Yöntemleri: Anlatım, Tartışma |
| 4 | Function and graphs of total return | Lecture notes and related sections of the suggested resources | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 5 | Function and graphs of cost | Lecture notes and related sections of the suggested resources | Öğretim Yöntemleri: Anlatım, Tartışma |
| 6 | Derivative and its economic interpretation, rules of derivative | Lecture notes and related sections of the suggested resources | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 7 | Geometric interpretion of derivative and equation of tangent | Lecture notes and related sections of the suggested resources | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 8 | Mid-Term Exam | Lecture notes and related sections of the suggested resources | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Second and higher order derivatives | Lecture notes and related sections of the suggested resources | Öğretim Yöntemleri: Anlatım, Tartışma |
| 10 | Economic applications of derivatives, İncreasing and decreasing functions, maxima and minima | Lecture notes and related sections of the suggested resources | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 11 | Average and marginal functions, elasticities | Lecture notes and related sections of the suggested resources | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 12 | Power functions and logarithmic functions | Lecture notes and related sections of the suggested resources | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 13 | Problems of compound interest, present value and growth | Lecture notes and related sections of the suggested resources | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 14 | Matrices; determinants and linear functions | Lecture notes and related sections of the suggested resources | Öğretim Yöntemleri: Anlatım |
| 15 | General overview | Lecture notes and related sections of the suggested resources | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 16 | Term Exams | Lecture notes and related sections of the suggested resources | Ölçme Yöntemleri: Yazılı Sınav |
| 17 | Term Exams | Lecture notes and related sections of the suggested resources | 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 | 1 | 14 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 1 | 4 | 4 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 6 | 6 |
| Final Exam | 1 | 14 | 14 |
| Total Workload (Hour) | 80 | ||
| Total Workload / 25 (h) | 3,20 | ||
| ECTS | 3 ECTS | ||