BİLGİ PAKETİ / DERS KATALOĞU
| ECONOMICS and FINANCE | |||||
|---|---|---|---|---|---|
| Qualification Awarded | Length of Program | Toplam Kredi (AKTS) | Mode of Study | Level of Qualification & Field of Study | |
| Bachelor's (First Cycle) Degree | 4 | 240 | FULL TIME |
TQF, TQF-HE, EQF-LLL, ISCED (2011):Level 6 QF-EHEA:First Cycle TQF-HE, ISCED (1997-2013): |
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General Course Description Information
| Course Code: | EF211 | ||||||||
| Course Name: | MATHEMATICAL ECONOMICS | ||||||||
| Course Semester: | Fall | ||||||||
| Course Credits: |
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| Language of instruction: | English | ||||||||
| Condition of Course: |
EF124 - MATEMATİK II EF 124 - MATEMATİK II |
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| Does the Course Work Experience Require?: | No | ||||||||
| Course Type : | Zorunlu | ||||||||
| Course Level: |
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| Mode of Delivery: | E-Learning | ||||||||
| Name of Coordinator: | Prof. Dr. Sahibe Meral ÇAKICI | ||||||||
| Course Lecturer(s): | S. Meral Çakıcı | ||||||||
| Course Assistants: |
Objective and Contents of the Course
| Course Objectives: | 1. To equip students with the mathematical fundamentals employed in economic theory 2. To enable students to have information about the use of mathematics in areas such as theory of demand and supply, industrial organization, labor markets, and economic growth |
| Course Content: | The course provides information on the necessary mathematical methods used in economic applications and the analysis of economic theory. These methods will give students the ability to explore theories in modern economics through an analytical perspective which has become the norm in carrying out modern economic analysis and when dealing with microeconomic and macroeconomic applications. Students therefore will recognize and apply the correct mathematical techniques to solve economic problems accurately. In this context topics covered will include stability, static and dynamic models, optimization techniques, linear models and matrix algebra. |
Learning Outcomes
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The students who have succeeded in this course;
1) I. Identify the basic fundamentals of mathematics employed in economics 2) II. Explain and apply univariate calculus and optimization 3) III. Describe and apply continuity, derivative and differential as well as optimization of functions 4) IV. Analyze calculus and optimization of multivariate functions 5) V. Identify and evaluate constrained optimization and its economic applications |
Ders Akış Planı
| Week | Subject | Related Preparation |
| 1) | Introduction to Mathematical Economics, Basic Concepts | |
| 2) | Review of Fundamentals in Mathematics | |
| 3) | Sequences, Series and Limits | |
| 4) | Introduction to Univariate Calculus and Optimization | |
| 5) | Continuity of Functions | |
| 6) | The Derivative and Differential for Functions of One Variable | |
| 7) | Optimization of Functions of One Variable | |
| 8) | Midterm | |
| 9) | Introduction to Multivariate Calculus | |
| 10) | Optimization of Multivariate Functions | |
| 11) | Constrained Optimization | |
| 12) | Economic Applications-Theory of Demand, Theory of Supply | |
| 13) | Economic Applications-Industrial Organization | |
| 14) | Economic Applications- Labor Markets, Growth Theory |
Sources
| Course Notes / Textbooks: | “Mathematics for Economists” by Carl P. Simon and Lawrence Blume, W. W. Norton & Company, 1994. “Introductory Mathematical Analysis for Business, Economics, and the Life and Social Sciences” by Ernest F. Haeussler, Richard S. Paul and Richard J. Wood, Pearson, 2014. |
| References: |
Contribution of The Course Unit To The Programme Learning Outcomes
| Course Learning Outcomes | 1 |
2 |
3 |
4 |
5 |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Program Outcomes | |||||||||||||
| 1) The ability to analyze theoretical knowledge regarding economics and finance, and to evaluate the empirical implications of such knowledge | 1 | 1 | 1 | 1 | 1 | ||||||||
| 2) The ability to gather unique information specific to social and behavioral sciences using documented and visual sources focused on academics, management and politics | |||||||||||||
| 3) The ability to derive new information through employing information related to economics and finance in technical and computerized instruments | |||||||||||||
| 4) The ability to present obtained information as research report or article in a technically equipped manner (i.e., using computer programs) as required by fields of economics and finance | |||||||||||||
| 5) The ability to use information regarding economics and finance in decision-making and implementing as well as in turning the decisions made into habits | 1 | 1 | 1 | 1 | 1 | ||||||||
| 6) The ability to analyze and discuss issues related to economics, finance, and their subfields as well as other fields of social sciences in an interdisciplinary approach | 1 | 1 | 1 | 1 | 1 | ||||||||
| 7) The ability to absorb and correctly evaluate ethical and professional responsibilities | |||||||||||||
| 8) The ability to communicate fluently and effectively in Turkish and in English, both in written and in oral form | |||||||||||||
| 9) To have a visionary perspective required to be able to absorb the global implications of the economics and finance disciplines | 1 | 1 | 1 | 1 | 1 | ||||||||
| 10) To obtain the life-time ability for learning | 1 | 1 | 1 | 1 | 1 | ||||||||
| 11) To have extensive information regarding current issues | |||||||||||||
| 12) To be open and adaptive to innovation and changing circumstances | |||||||||||||
| 13) To have technical information, both theoretically and practically, required to be able to obtain information and draw inferences using data analysi | 1 | 1 | 1 | 1 | 1 | ||||||||
Course - Learning Outcomes
| No Effect | 1 Lowest | 2 Average | 3 Highest |
| Program Outcomes | Level of Contribution | |
| 1) | The ability to analyze theoretical knowledge regarding economics and finance, and to evaluate the empirical implications of such knowledge | 3 |
| 2) | The ability to gather unique information specific to social and behavioral sciences using documented and visual sources focused on academics, management and politics | |
| 3) | The ability to derive new information through employing information related to economics and finance in technical and computerized instruments | 2 |
| 4) | The ability to present obtained information as research report or article in a technically equipped manner (i.e., using computer programs) as required by fields of economics and finance | 2 |
| 5) | The ability to use information regarding economics and finance in decision-making and implementing as well as in turning the decisions made into habits | 2 |
| 6) | The ability to analyze and discuss issues related to economics, finance, and their subfields as well as other fields of social sciences in an interdisciplinary approach | 3 |
| 7) | The ability to absorb and correctly evaluate ethical and professional responsibilities | 1 |
| 8) | The ability to communicate fluently and effectively in Turkish and in English, both in written and in oral form | 1 |
| 9) | To have a visionary perspective required to be able to absorb the global implications of the economics and finance disciplines | 2 |
| 10) | To obtain the life-time ability for learning | 2 |
| 11) | To have extensive information regarding current issues | |
| 12) | To be open and adaptive to innovation and changing circumstances | |
| 13) | To have technical information, both theoretically and practically, required to be able to obtain information and draw inferences using data analysi | 3 |
Learning Activities and Teaching Methods
Assessment & Evaluation Methods of the Course Unit
Assessment & Grading
| Semester Requirements | Number of Activities | Level of Contribution |
| Midterms | 1 | % 40 |
| Semester Final Exam | 1 | % 60 |
| Total | % 100 | |
| PERCENTAGE OF SEMESTER WORK | % 40 | |
| PERCENTAGE OF FINAL WORK | % 60 | |
| Total | % 100 | |
Workload & ECTS Credits of The Course Unit
| Aktiviteler | Number of Activities | Duration (Hours) | Workload |
| Course | 14 | 3 | 42 |
| Study Hours Out of Class | 14 | 3 | 42 |
| Midterms | 1 | 20 | 20 |
| Semester Final Exam | 1 | 40 | 40 |
| Total Workload | 144 | ||