TÜRKÇE
ENGLISH
Information
| Unit | FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES |
| ECONOMETRICS PR. (ENGLISH) | |
| 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 |
| Label | C Compulsory |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. KENAN LOPCU |
| Course Instructor |
Prof. Dr. KENAN LOPCU
(Bahar)
(A Group)
(Ins. in Charge)
|
Course Goal / Objective
In this course, economic analysis is performed using first-order differential equations, higher-order differential equations, and first-order difference equations.
Course Content
In this course, economic analysis is performed using first-order differential equations, higher-order differential equations, and first-order difference equations.
Course Precondition
Successful completion of Mathematics I-II, Introduction to Economics II, Statistics I-II, and Macroeconomics I-II
Resources
Chiang, A. C., & Wainwright, K. (2005). Fundamental methods of mathematical economics (4th ed.). McGraw-Hill. Mishkin, F. S. (2006). The economics of money, banking, and financial markets (8th ed.). Addison Wesley.
Notes
McCallum, B. T. (1989). Monetary economics: Theory and policy. Macmillan.
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Explains firts-order differential equations |
| LO02 | Performs the comparative static analysis of basic macroeconomic models. |
| LO03 | Lists the basic distinguishing features of dynamic macroeconomic models. |
| LO04 | Defines the dynamic analysis of basic rational expectations models. |
| LO05 | Does with the basic analysis of main growth models. |
| LO06 | Interprets the solutions obtained economically. |
| LO07 | Explains econometric approaches that analyze fluctuations in production and employment |
| LO08 | Defines the long-run equilibrium |
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 | Analyzes/interprets at the conceptual level to develop solutions to problems | 5 |
| PLO07 | Beceriler - Bilişsel, Uygulamalı | Collects/analyses data from reliable data sources for the purpose of study | 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 of research | |
| PLO10 | Beceriler - Bilişsel, Uygulamalı | Adapts traditional approaches, practices and methods to a new study when necessary | |
| PLO11 | Beceriler - Bilişsel, Uygulamalı | Uses a package program of Econometrics, Statistics, and Operation Research | |
| PLO12 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Leads by taking responsibility individually and/or within the team | |
| PLO13 | 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 | |
| PLO14 | Yetkinlikler - Öğrenme Yetkinliği | Being aware of the necessity of lifelong learning, it follows the current developments in the field / constantly renews itself | |
| 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 |
| 2 | First-order differential equations with constant coefficient and constant term | Reading the textbook | Öğretim Yöntemleri: Anlatım |
| 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 |
| 5 | Exact differantial equations | Reading the textbook | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama, Soru-Cevap |
| 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: Alıştırma ve Uygulama, Tartışma, Soru-Cevap |
| 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 |
| 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 |
| 12 | Economic application: a market model with price expactations | Reading the textbook | Öğretim Yöntemleri: Alıştırma ve Uygulama, Tartışma, Soru-Cevap |
| 13 | Economic Application: the interaction of inflation and unemployment | Reading the textbook | Öğretim Yöntemleri: Alıştırma ve Uygulama, Soru-Cevap |
| 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 |
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 | 7 | 7 |
| Final Exam | 1 | 18 | 18 |
| Total Workload (Hour) | 109 | ||
| Total Workload / 25 (h) | 4,36 | ||
| ECTS | 4 ECTS | ||