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Information
| Code | IEM708 |
| Name | Mathematical Economics II |
| Term | 2023-2024 Academic Year |
| Term | Fall and Spring |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 6 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | Türkçe |
| Level | Yüksek Lisans Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. KENAN LOPCU |
| Course Instructor |
1 |
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 IEM 707 Matematiksel İktisat I
Resources
Alpha C. Chiang and Kevin Wainwright, Fundamental Methods of Mathematical Economics, 4th edition, McGraw-Hill, 2005 .
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 | Explains contemporary concepts about Econometrics, Statistics, and Operation Research | 3 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Explains relationships between acquired knowledge about Econometrics, Statistics, and Operation Research | 3 |
| PLO03 | Bilgi - Kuramsal, Olgusal | Explains how to apply acquired knowledge in the field to Economics, Business, and other social sciences | 5 |
| PLO04 | Beceriler - Bilişsel, Uygulamalı | Performs conceptual analysis to develop solutions to problems | 5 |
| PLO05 | Beceriler - Bilişsel, Uygulamalı | Models problems with Mathematics, Statistics, and Econometrics | 5 |
| PLO06 | Beceriler - Bilişsel, Uygulamalı | Interprets the results obtained from the most appropriate method to predict the model | 5 |
| PLO07 | Beceriler - Bilişsel, Uygulamalı | Synthesizes the information obtained by using different sources within the framework of academic rules in a field that does not research | 4 |
| PLO08 | Beceriler - Bilişsel, Uygulamalı | Uses acquired knowledge in the field to determine the vision, aim, and goals for an organization/institution | |
| PLO09 | Beceriler - Bilişsel, Uygulamalı | Searches for new approaches and methods to solve problems being faced | 5 |
| PLO10 | Beceriler - Bilişsel, Uygulamalı | Presents analysis results conveniently | 4 |
| PLO11 | Beceriler - Bilişsel, Uygulamalı | Collects/analyzes data in a purposeful way | |
| PLO12 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Converts its findings into a master's thesis or a professional report in Turkish or a foreign language | 3 |
| PLO13 | Beceriler - Bilişsel, Uygulamalı | Develops solutions for organizations using Econometrics, Statistics, and Operation Research | 4 |
| PLO14 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Performs an individual work to solve a problem with Econometrics, Statistics, and Operation Research | |
| PLO15 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Leads by taking responsibility individually and/or within the team | |
| PLO16 | Yetkinlikler - Öğrenme Yetkinliği | Being aware of the necessity of lifelong learning, it constantly renews itself by following the current developments in the field of study | |
| PLO17 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Uses a package program of Econometrics, Statistics, and Operation Research or writes a new code | |
| PLO18 | 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 | |
| PLO19 | Yetkinlikler - Alana Özgü Yetkinlik | Interprets data on economic and social events by following current issues | |
| PLO20 | 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: Alıştırma ve Uygulama, Anlatım |
| 4 | Introduction to Static Macroeconomic Models | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 5 | Introduction to Static Macroeconomic Models and Comparative static Analysis | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 6 | Introduction to Dynamic Analysis | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 7 | Dynamic Analysis | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 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 |
| 11 | Introduction to Rational Expectations | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 12 | Rational Expectations: Properties and Solutions | Readings and problem set | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 13 | Alternative Theories of Macroeconomic Fluctuations | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 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 |
| 16 | An overview | Problem Solving | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 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 | 5 | 70 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 0 | 0 | 0 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 15 | 15 |
| Final Exam | 1 | 30 | 30 |
| Total Workload (Hour) | 157 | ||
| Total Workload / 25 (h) | 6,28 | ||
| ECTS | 6 ECTS | ||