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Information
| Code | IEM707 |
| Name | Mathematical Economics I |
| 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 microeconomic analysis.
Course Content
Subject Matters and Methodology, Market Theory and Structures, Consumer Theory and Demand Analysis, Producer Theory and Supply Analysis, Introduction to Welfare Economics and Linear Programming
Course Precondition
Successful completion of Mathematics, Microeconomics and Linear Algebra
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 microeconomic analysis and the mathematical techniques used. |
| LO02 | Performs the unconstrained and constrained optimization and comparative static analysis. |
| LO03 | Acquires the ability to interpret the solutions obtained economically. |
| LO04 | Gains and introductory exposure to the main quantitative techniques (econometrics and linear programming) used in the empirical analysis of demand, costs and supply decisions. |
| LO05 | Understands the profit and cost analysis within the markets framework. |
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 and Methodology | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 2 | Methodology | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 3 | Methodology and economic applications | Readings and problem set | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 4 | Market Theory and Structures | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 5 | Market Theory and Structures -output approach | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 6 | Consumer Theory | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 7 | Consumer Theory and Demand Analysis | Readings and problem set | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 8 | Mid-Term Exam | Problem Solving | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Introduction to Producer Theory | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 10 | Introduction Producer Theory and Supply Analysis | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 11 | Applications in Producer Theory and Supply Analysis | Readings and problem set | Öğretim Yöntemleri: Alıştırma ve Uygulama |
| 12 | Solutions in Producer Theory and Supply Analysis | Readings and problem set | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 13 | Introduction to Welfare Economics | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 14 | Introduction to Linear Programming | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 15 | Review | Readings and problem set | Öğretim Yöntemleri: Anlatım, Tartışma, Soru-Cevap, Alıştırma ve Uygulama |
| 16 | Examples solving | Problem Solving | Öğretim Yöntemleri: Alıştırma ve Uygulama, Soru-Cevap, Tartışma |
| 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 | ||