TÜRKÇE
ENGLISH
Information
Course Goal / Objective
This course aims to teach fundamental mathematical methods used in economic analysis. Students will acquire the mathematical tools necessary for constructing, analyzing, and solving economic models. Topics covered include optimization, matrix algebra, differential and integral calculus, difference and differential equations.
Course Content
Basic mathematical concepts, functions and graphs, limits and derivatives, use of derivatives in economic analysis, optimization techniques, matrix algebra and linear equations, linear programming and constrained optimization, integral calculus and economic applications, difference and differential equations, dynamic models and economic growth, mathematical models in economics, mathematical methods in game theory, connections with statistics and probability theory.
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 | Explains mathematical analysis in economics. |
| LO02 | Explains models in economics. |
| LO03 | Models economic questions as mathematical problems. |
| LO04 | Explains the basic mathematical techniques used in economic analysis. |
| LO05 | Creates economic policies based on the results of mathematical analysis. |
| LO06 | Uses mathematical methods in the analysis of economic events. |
| LO07 | Solve dynamic economic models using difference and differential equations. |
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, Alıştırma ve Uygulama, Soru-Cevap |
| 3 | Static Comperative analysis-1 | Lecture, Problem Solving | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama, Soru-Cevap |
| 4 | Static Comperative analysis-2 | Lecture, Problem Solving | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama, Soru-Cevap |
| 5 | Static Comperative analysis-3 | Lecture, Problem Solving | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 6 | Static Comperative analysis-4 | Lecture, Problem Solving | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 7 | Static and Dynamic Optimization-1 | Lecture, Problem Solving | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama, Soru-Cevap |
| 8 | Mid-Term Exam | Lecture, Problem Solving | Ölçme Yöntemleri: Yazılı Sınav, Ödev |
| 9 | Static and Dynamic Optimization-3 | Lecture, Problem Solving | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 10 | Static and Dynamic Optimization 2 | Lecture, Problem Solving | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 11 | First order differential equations | Lecture, Problem Solving | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 12 | First order differential equations 2 | Lecture, Problem Solving | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama, Soru-Cevap |
| 13 | First order differential equations 3 | Lecture, Problem Solving | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 14 | Second order differential equations | Lecture, Problem Solving | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 15 | Second order differential equations 2 | Lecture, Problem Solving | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama, Soru-Cevap |
| 16 | Term Exams | Term Exams | Ölçme Yöntemleri: Yazılı Sınav |
| 17 | Term Exams | Term Exams | Ölçme Yöntemleri: Yazılı Sınav |
Assessment (Exam) Methods and Criteria
Current term shares have not yet been determined. Shares of the previous term are shown.
| 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 | 25 | 25 |
| Total Workload (Hour) | 121 | ||
| Total Workload / 25 (h) | 4,84 | ||
| ECTS | 5 ECTS | ||