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Information
| Code | EKMZ304 |
| Name | Mathematical Economics II |
| Term | 2024-2025 Academic Year |
| Semester | 6. Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 4 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | Türkçe |
| Level | Lisans Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. KENAN LOPCU |
| Course Instructor |
1 2 |
Course Goal / Objective
The aim of this course is to teach the analytical methods and quantitative techniques of macroeconomic analysis.
Course Content
Subject Matters and Methodology: Review of basic concepts, tools and recent developments in macroeconomics; Static Macroeconomic Models and Comparative static Analysis; Introduction to Dynamic Analysis; Rational Expectations and Alternative Theories of Economic Activity; Introduction to Optimal Control and Basic Growth Models Final examination
Course Precondition
Successful completion of Mathematics I-II, Introduction to Economics II, Statistics I-II, and Macroeconomics I-II
Resources
Alpha C. Chiang ve Kevin Wainright, Matematiksel İktisadın Temel Yöntemleri, 4. baskı (Çevirenler: Muzaffer Sarımeşeli ve Şenay Açıkgöz), Gazi Kitabevi, Ankara, 2005. Frederic S. Mishkin, Para Teorisi ve Politikası, 6. Baskı (Çevirenler: İlyas Işıklar, Ahmet Çakmak ve Suat Yavuz), Bilim Teknik Yayınevi, İstanbul, 2006. Frederic S. Mishkin, Para, Bankacılık ve Finansal Piyasalar İktisadı, 8. baskı (Çeviri Editörü: Nazım Engin; Çevirenler: Serçin Şahin, Serkan Çiçek, Çiğdem Boz) Akademi Yayıncılık, 2011. Bennett T. McCallum, Monetary Economics, Theory and Policy, Macmillan, New York, 1989.
Notes
Lecture Notes
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Acquires the essentials of macroeconomic analysis and the mathematical techniques used. |
| LO02 | Performs the comparative static analysis of basic macroeconomic models. |
| LO03 | Learns the basic distinguishing features of dynamic macroeconomic models. |
| LO04 | Understands the dynamic analysis of basic rational expectations models. |
| LO05 | Becomes familiar with the basic analysis of main growth models. |
| LO06 | Acquires the ability to interpret the solutions obtained economically. |
| LO07 | Gains an introductory exposure to the main quantitative techniques (econometrics) used in the empirical analysis of macroeconomic activity and long term growth. |
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 | 5 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Acquires basic Mathematics, Statistics and Operation Research concepts | 4 |
| PLO03 | Bilgi - Kuramsal, Olgusal | Describes the necessary concepts of Business | |
| PLO04 | Beceriler - Bilişsel, Uygulamalı | Equipped with the foundations of Economics, and develops Economic models | 4 |
| PLO05 | Beceriler - Bilişsel, Uygulamalı | Models problems with Mathematics, Statistics, and Econometrics | 5 |
| PLO06 | Beceriler - Bilişsel, Uygulamalı | Has the ability to analyze/interpret at the conceptual level to develop solutions to problems | 5 |
| PLO07 | Beceriler - Bilişsel, Uygulamalı | Collects/analyses data | 3 |
| PLO08 | Beceriler - Bilişsel, Uygulamalı | Interprets the results analyzed with the model | 4 |
| PLO09 | Beceriler - Bilişsel, Uygulamalı | Combines the information obtained from different sources within the framework of academic rules in a field which does not research | |
| PLO10 | Beceriler - Bilişsel, Uygulamalı | It develops traditional approaches, practices and methods into new working methods when it deems necessary | |
| PLO11 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Leads by taking responsibility individually and/or within the team | |
| PLO12 | 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 | |
| PLO13 | Yetkinlikler - Öğrenme Yetkinliği | Being aware of the necessity of lifelong learning, it constantly renews itself by following the current developments in its field. | |
| PLO14 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Uses a package program of Econometrics, Statistics, and Operation Research | |
| 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 | 5 |
| PLO18 | Yetkinlikler - Alana Özgü Yetkinlik | Applies social, scientific and professional ethical values | 5 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Subject Matters | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 2 | Methodology | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 3 | Methodology and application | Readings and problem set | Öğretim Yöntemleri: Anlatım, Problem Çözme |
| 4 | Introduction to Static Macroeconomic Models | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 5 | Static Macroeconomic Models and Comparative static Analysis | Readings and problem set | Öğretim Yöntemleri: Anlatım, Problem Çözme |
| 6 | Introduction to Dynamic Analysis | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 7 | Dynamic Analysis | Readings and problem set | Öğretim Yöntemleri: Anlatım, Problem Çözme |
| 8 | Mid-Term Exam | Problem Solving | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Introduction to Adaptive Expectations and the Cagan Model | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 10 | Adaptive Expectations and the Cagan Model | Readings and problem set | Öğretim Yöntemleri: Anlatım, Problem Çözme |
| 11 | Introduction to Rational Expectations | Readings and problem set | Öğretim Yöntemleri: Anlatım, Problem Çözme |
| 12 | Rational Expectations: Properties and Solution Methods | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 13 | Alternative Theories of Macroeconomic Fluctuations | Readings and problem set | Öğretim Yöntemleri: Anlatım, Problem Çözme |
| 14 | Introduction to Optimal Control and Basic Growth Models | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 15 | Optimal Control and Basic Growth Models | Readings and problem set | Öğretim Yöntemleri: Anlatım, Problem Çözme |
| 16 | Term Exams | Problem Solving | Ölçme Yöntemleri: Yazılı Sınav |
| 17 | Term Exams | Problem Solving | 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 | 7 | 7 |
| Final Exam | 1 | 18 | 18 |
| Total Workload (Hour) | 109 | ||
| Total Workload / 25 (h) | 4,36 | ||
| ECTS | 4 ECTS | ||