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Information
| Code | IKS301 |
| Name | Mathematical Methods in Economics |
| Term | 2023-2024 Academic Year |
| Semester | 5. Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 5 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | Türkçe |
| Level | Lisans Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Doç. Dr. SANLI ATEŞ |
| Course Instructor |
1 |
Course Goal / Objective
Improvement of mathematical techniques for students in economics
Course Content
Matrix algebra, static and dynamic optimisation, comperative static analysis, differential and difference equations
Course Precondition
Basic knowledge of mathematics, microeconomics and macroeconomics is required.
Resources
Fundamental Methods of Mathematical Economics- Kevin Wainwright, Alpha Chiang
Notes
Fundamental Methods of Mathematical Economics- Kevin Wainwright, Alpha Chiang
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Comprehends the importance of mathematical analysis in economics. |
| LO02 | Creates and analyzes models in economics. |
| LO03 | Creates economic policies depending on the results of mathematical analysis. |
| LO04 | Comprehend how economic models is established |
| LO05 | Explains the reasons of economic changes mathematically. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Explain the importance of demand and supply in economy science 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. | 4 |
| 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. | 1 |
| PLO04 | Bilgi - Kuramsal, Olgusal | Perceive the costs and benefits arising from the global economy | 1 |
| PLO05 | Bilgi - Kuramsal, Olgusal | Produce numerical and policy options when confronted with problems. | 4 |
| PLO06 | Bilgi - Kuramsal, Olgusal | Use quantitative and qualitative techniques of model building, decoding and interpretation. | 3 |
| PLO07 | Beceriler - Bilişsel, Uygulamalı | Use the theory of economics in the analysis of economic events. | |
| PLO08 | Beceriler - Bilişsel, Uygulamalı | Use computer programs, do synthesis and present prepared data efficiently. | |
| PLO09 | Beceriler - Bilişsel, Uygulamalı | Apply the methods of economic analysis. | 4 |
| PLO10 | Bilgi - Kuramsal, Olgusal | Analyze at conceptual level and acquires ability in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems | 3 |
| PLO11 | Beceriler - Bilişsel, Uygulamalı | Use of different sources about an unfamiliar field within academic principles, synthesize gained data and presents effectively. | |
| PLO12 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Take responsibility individually and / or in a team, take leadership and work effectively. | |
| PLO13 | Yetkinlikler - Öğrenme Yetkinliği | Follow innovative developments in the field being aware of the necessity of lifelong learning and improving him-/herself.. | |
| PLO14 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Use Turkish and at least one foreign language in accordance with the requirements of academic and work life. | |
| PLO15 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Understand and interpret related people´s feelings, thoughts, and behaviours correctly; expresse him-/herself accurately in written and oral language. | |
| PLO16 | Yetkinlikler - Alana Özgü Yetkinlik | Question traditional approaches, practices and methods. | |
| PLO17 | Yetkinlikler - Alana Özgü Yetkinlik | Recognize and apply social, scientific and professional ethical values. |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Matrix algebra | Lecture, Problem Solving | Öğretim Yöntemleri: Anlatım |
| 2 | Matrix algebra (Continued) | Lecture, Problem Solving | Öğretim Yöntemleri: Anlatım, Örnek Olay |
| 3 | Static Comperative analysis | Lecture, Problem Solving | Öğretim Yöntemleri: Anlatım, Örnek Olay |
| 4 | Static Comperative analysis-2 | Lecture, Problem Solving | Öğretim Yöntemleri: Anlatım, Örnek Olay |
| 5 | Static Comperative analysis-3 | Lecture, Problem Solving | Öğretim Yöntemleri: Anlatım, Örnek Olay |
| 6 | Static and Dynamic Optimization | Lecture, Problem Solving | Öğretim Yöntemleri: Anlatım, Örnek Olay |
| 7 | Static and Dynamic Optimization-2 | Lecture, Problem Solving | Öğretim Yöntemleri: Anlatım, Örnek Olay |
| 8 | Mid-Term Exam | Mid-Term Exam | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Static and Dynamic Optimization-3 | Lecture, Problem Solving | Öğretim Yöntemleri: Anlatım, Örnek Olay |
| 10 | Static and Dynamic Optimization-4 | Lecture, Problem Solving | Öğretim Yöntemleri: Anlatım, Örnek Olay |
| 11 | First order differential equations | Lecture, Problem Solving | Öğretim Yöntemleri: Anlatım, Örnek Olay |
| 12 | First order differential equations-2 | Lecture, Problem Solving | Öğretim Yöntemleri: Anlatım, Örnek Olay |
| 13 | First order differential equations-3 | Lecture, Problem Solving | Öğretim Yöntemleri: Anlatım, Örnek Olay |
| 14 | Second order differential equations | Lecture, Problem Solving | Öğretim Yöntemleri: Anlatım, Örnek Olay |
| 15 | Second order differential equations-2 | Lecture, Problem Solving | Öğretim Yöntemleri: Anlatım, Örnek Olay |
| 16 | Term Exams | Terms Exams | Ölçme Yöntemleri: Yazılı Sınav |
| 17 | Term Exams | Terms Exams | 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 | 12 | 12 |
| Final Exam | 1 | 18 | 18 |
| Total Workload (Hour) | 114 | ||
| Total Workload / 25 (h) | 4,56 | ||
| ECTS | 5 ECTS | ||