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Information
| Code | IEM1835 |
| Name | Mathematical Economics I |
| Term | 2024-2025 Academic Year |
| Term | Fall and Spring |
| Duration (T+A) | 4-0 (T-A) (17 Week) |
| ECTS | 8 ECTS |
| National Credit | 4 National Credit |
| Teaching Language | Türkçe |
| Level | Doktora 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 | Identify an econometric problem and propose a new solution to it | 3 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Develops new knowledge using current concepts in Econometrics, Statistics and Operations Research | 3 |
| PLO03 | Bilgi - Kuramsal, Olgusal | Explain for what purpose and how econometric methods are applied to other fields and disciplines | 5 |
| PLO04 | Beceriler - Bilişsel, Uygulamalı | Using her knowledge, brings original solutions to problems in Economics, Business Administration and other social sciences | 5 |
| PLO05 | Beceriler - Bilişsel, Uygulamalı | Creates a new model using mathematics, statistics and econometrics knowledge to solve the problem encountered | 5 |
| PLO06 | Beceriler - Bilişsel, Uygulamalı | Interprets the results obtained from the most appropriate method to predict the model | 5 |
| PLO07 | Beceriler - Bilişsel, Uygulamalı | Performs conceptual analysis to develop solutions to problems | 4 |
| PLO08 | Beceriler - Bilişsel, Uygulamalı | Collects data on purpose | |
| PLO09 | Beceriler - Bilişsel, Uygulamalı | Synthesizes the information obtained by using different sources within the framework of academic rules in a field that does not research | 5 |
| PLO10 | Beceriler - Bilişsel, Uygulamalı | Presents analysis results conveniently | 4 |
| PLO11 | Beceriler - Bilişsel, Uygulamalı | Converts its findings into a master's thesis or a professional report in Turkish or a foreign language | |
| PLO12 | Beceriler - Bilişsel, Uygulamalı | It researches current approaches and methods to solve the problems it encounters and proposes new solutions | 3 |
| PLO13 | Beceriler - Bilişsel, Uygulamalı | Develops long-term plans and strategies using econometric and statistical methods | 4 |
| PLO14 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Performs self-study using knowledge of Econometrics, Statistics and Operations to solve a problem | |
| PLO15 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Leads the team by taking responsibility | |
| 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 acquired knowledge in the field to determine the vision, aim, and goals for an organization/institution | |
| PLO18 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Uses a package program of Econometrics, Statistics, and Operation Research or writes a new code | |
| PLO19 | 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 | |
| PLO20 | Yetkinlikler - Alana Özgü Yetkinlik | Applies social, scientific and professional ethical values | |
| PLO21 | Yetkinlikler - Alana Özgü Yetkinlik | Interprets data on economic and social events by following current issues | 5 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Subject Matters and Methodology | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 2 | Methodology, Introduction | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 3 | Methodology | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 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 |
| 8 | Mid-Term Exam | Ölçme Yöntemleri: Yazılı Sınav, Ödev |
|
| 9 | Producer Theory and Supply Analysis-I | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 10 | Producer Theory and Supply Analysis-II | Readings and problem set | Öğretim Yöntemleri: Anlatım |
| 11 | Producer Theory and Supply Analysis-III | Readings and problem set | Öğretim Yöntemleri: Anlatım, Tartışma |
| 12 | Producer Theory and Supply Analysis-IV | Readings and problem set | Öğretim Yöntemleri: Tartışma, Alıştırma ve Uygulama, Soru-Cevap |
| 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: Tartışma, Soru-Cevap, Alıştırma ve Uygulama |
| 16 | Examples solving | Problem Solving | Öğretim Yöntemleri: Alıştırma ve Uygulama |
| 17 | Term Exams | Ölçme Yöntemleri: Yazılı Sınav |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 4 | 56 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 8 | 112 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 2 | 4 | 8 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 12 | 12 |
| Final Exam | 1 | 24 | 24 |
| Total Workload (Hour) | 212 | ||
| Total Workload / 25 (h) | 8,48 | ||
| ECTS | 8 ECTS | ||