ECMZ304 Mathematical Economics II

4 ECTS - 3-0 Duration (T+A)- 6. Semester- 3 National Credit

Information

Code ECMZ304
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 İngilizce
Level Lisans Dersi
Type Normal
Mode of study Yüz Yüze Öğretim
Catalog Information Coordinator Prof. Dr. KENAN LOPCU
Course Instructor
1 2
Prof. Dr. KENAN LOPCU (A Group) (Ins. in Charge)


Course Goal / Objective

Analysing and understanding relations among economic factors by using mathematical methods, setting up and evaluating economic models

Course Content

First-order differential equations, higher order differential equations, first-order diffrence equations

Course Precondition

Successful completion of Mathematics I-II, Introduction to Economics II, Statistics I-II, and Macroeconomics I-II

Resources

Alpha C. Chiang and Kevin Wainwright, Fundamental Methods of Mathematical Economics, 4th edition, McGraw-Hill, 2005. Frederic S. Mishkin, The Economics of Money Banking and Financial Markets, 8th edition, Addison Wesley, 2006. Bennett T. McCallum, Monetary Economics, Theory and Policy, Macmillan, 1989.

Notes

Lecture Notes


Course Learning Outcomes

Order Course Learning Outcomes
LO01 Explaining firts-order differential equations
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 Bilgi - Kuramsal, Olgusal 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 follows the current developments in the field / constantly renews itself
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 Economic dynamics, integral calculus and economic applications of integral Reading the textbook Öğretim Yöntemleri:
Anlatım, Alıştırma ve Uygulama
2 First-order differential equations with constant coefficient and constant term Reading the textbook Öğretim Yöntemleri:
Anlatım, Alıştırma ve Uygulama
3 Economic application: market price dynamics Reading the textbook Öğretim Yöntemleri:
Anlatım, Alıştırma ve Uygulama
4 Equations with variable coefficient and variable term Reading the textbook Öğretim Yöntemleri:
Anlatım, Alıştırma ve Uygulama
5 Exact differantial equations Reading the textbook Öğretim Yöntemleri:
Anlatım, Alıştırma ve Uygulama
6 Nonlinear differantial equations, graphical analysis of dif. equations Reading the textbook Öğretim Yöntemleri:
Anlatım, Alıştırma ve Uygulama
7 Economic application: Solow growth model Reading the textbook Öğretim Yöntemleri:
Anlatım, Alıştırma ve Uygulama
8 Midterm exam Studying the course content Ölçme Yöntemleri:
Yazılı Sınav
9 Second-degree dif. equations with constant coefficient and constant term Reading the textbook Öğretim Yöntemleri:
Anlatım, Alıştırma ve Uygulama
10 Complex numbers and circular functions Reading the textbook Öğretim Yöntemleri:
Anlatım, Alıştırma ve Uygulama
11 Analysis of complex-root case Reading the textbook Öğretim Yöntemleri:
Anlatım, Alıştırma ve Uygulama
12 Economic application: a market model with price expactations Reading the textbook Öğretim Yöntemleri:
Anlatım, Alıştırma ve Uygulama
13 Economic Application: the interaction of inflation and unemployment Reading the textbook Öğretim Yöntemleri:
Anlatım, Alıştırma ve Uygulama
14 Dif.equations with variable term Reading the textbook Öğretim Yöntemleri:
Anlatım, Alıştırma ve Uygulama
15 First-order difference equations Reading the textbook Öğretim Yöntemleri:
Anlatım, Alıştırma ve Uygulama
16 Final exam Studuying the whole course content Ölçme Yöntemleri:
Yazılı Sınav
17 Final exam Studuying the whole course content 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

Update Time: 08.05.2024 12:33