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MATHEMATICAL ECONOMICS PROGRAMME COURSE DESCRIPTION

Code Name of the Course Unit Semester In-Class Hours (T+P) Credit ECTS Credit
EKF357 MATHEMATICAL ECONOMICS 5 3 3 5

GENERAL INFORMATION

Language of Instruction : Turkish
Level of the Course Unit : BACHELOR'S DEGREE, TYY: + 6.Level, EQF-LLL: 6.Level, QF-EHEA: First Cycle
Type of the Course : Elective
Mode of Delivery of the Course Unit -
Coordinator of the Course Unit Assoc.Prof. BÜLENT İLHAN
Instructor(s) of the Course Unit
Course Prerequisite No

OBJECTIVES AND CONTENTS

Objectives of the Course Unit: This course aims to provide the student with the ability to apply mathematical techniques to economic phenomena.
Contents of the Course Unit: Contents of the course include the basic subjects such as limits, derivatives, logarithmic functions and optimization.

KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to)

Explain the concepts of limits and continuity.(2)
Use the derivative to economic analysis.(3)
Analyze linear economic models.(4)
Explain mathematical concepts in economics.(2)
Use models to economic activities.(3)

WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY

Week Preparatory Topics(Subjects) Method
1 Reading Rules of calculating derivative and limit Lecture & Question Answer
2 Reading Second order or higher derivatives Lecture & Question Answer
3 Reading Single Variable Function Lecture & Question Answer & Analysis
4 Reading Exponential equation and logarithmic functions Lecture & Question Answer & Analysis
5 Reading Linear Equations Systems Lecture & Question Answer & Analysis
6 Reading Comparative Static Equilibrium Analysis Lecture & Question Answer & Analysis
7 Reading Examples on Linear Financial Models Lecture & Question Answer & Analysis
8 - MID-TERM EXAM -
9 Reading Solution of Matrix and Equations systems Lecture & Question Answer & Analysis
10 Reading Solution of Matrix and Equations Systems Lecture & Question Answer & Analysis
11 Reading Multi-variable functions Lecture & Question Answer & Analysis
12 Reading Financial applications of Multi-variable Functions Lecture & Question Answer & Analysis
13 Reading Unlimited Optimization Lecture & Question Answer & Analysis
14 Reading Limited Optimization Lecture & Question Answer & Analysis
15 Reading Limited Optimization Lecture & Question Answer & Analysis
16 - FINAL EXAM -
17 - FINAL EXAM -

SOURCE MATERIALS & RECOMMENDED READING

Chiang,A.C.(1996). Matematiksel Iktisadin Temel Yontemleri. Adim-Murat Publications. Ankara
Hill, M.G(1992). Introduction to Mathematical Economics
J.Colin Glass. Trns: M.Balcilar, M. Cokgezen,(1999). Iktisatta Matematiksel Yontemlere Giris, Gazi Bookstore
Dergi:Istanbul Iktisat Journal (Ist. Univ)

ASSESSMENT

Assessment & Grading of In-Term Activities Number of Activities Degree of Contribution (%) Description
Level of Contribution
0 1 2 3 4 5

CONTRIBUTION OF THE COURSE UNIT TO THE PROGRAMME LEARNING OUTCOMES

KNOWLEDGE

Theoretical

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Define the basic concepts of economics, administrative and human sciences. (Bloom 1)
2
2
Evaluate the economic environment and overall sustainability of firms. (Bloom 4)
1

KNOWLEDGE

Factual

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Relate principles and concepts of economics and finance with other disciplines. (Bloom 4)
2
2
Define principles, concepts, methods and theories related with economics and finance. (Bloom 1)
3

SKILLS

Cognitive

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Interpret the charts and tables related to the field. (Bloom 2)
4

SKILLS

Practical

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Evaluate the theoretical models of economic policies which have direct or indirect effects by using the facts and dynamics of the economic system.(Bloom 4)
4
2
Analyze economic and financial reports. ((bloom 4)
4
3
Use basic mathematics, statistics and econometric methods and tools to solve economic and financial problems. (Bloom 3)
3
4
Interpret the operation of current economic, political and social events by using institutional information related with Economics and Finance.(Bloom 2)
2

OCCUPATIONAL

Autonomy & Responsibility

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Organize economic and financial activities in humanitarian and social terms with adherence to ethics. (Bloom 4).
1

OCCUPATIONAL

Learning to Learn

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Develop a critical perspective on national and international economic, political, social, financial and development problems. (bloom 6)
1

OCCUPATIONAL

Communication & Social

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Follow the agenda on economics, politics and social issues and improve himself/ herself. (bloom 6)
1

OCCUPATIONAL

Occupational and/or Vocational

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Analyze current issues and problems by using the structure and properties of Macro and Microeconomics and variables. (Bloom 4)
1
2
Evaluate the effectiveness of the general economic system and public policies and their effects on markets and basic economic variables.(Bloom 4)
4
3
Analyze the cause and effect relationships between the relevant economic variables. (Bloom 4)
3
4
Evaluate the expected trends and portfolio analyzes in interest and exchange rates within the framework of the general financial system. (Bloom 4)
1

WORKLOAD & ECTS CREDITS OF THE COURSE UNIT

Workload for Learning & Teaching Activities

Type of the Learning Activites Learning Activities (# of week) Duration (hours, h) Workload (h)
Lecture & In-Class Activities 14 3 42
Preliminary & Further Study 13 2 26
Land Surveying 0 0 0
Group Work 0 0 0
Laboratory 0 0 0
Reading 0 0 0
Assignment (Homework) 0 0 0
Project Work 0 0 0
Seminar 0 0 0
Internship 0 0 0
Technical Visit 0 0 0
Web Based Learning 0 0 0
Implementation/Application/Practice 0 0 0
Practice at a workplace 0 0 0
Occupational Activity 0 0 0
Social Activity 0 0 0
Thesis Work 0 0 0
Field Study 0 0 0
Report Writing 0 0 0
Final Exam 1 1 1
Preparation for the Final Exam 4 10 40
Mid-Term Exam 1 1 1
Preparation for the Mid-Term Exam 2 9 18
Short Exam 0 0 0
Preparation for the Short Exam 0 0 0
TOTAL 35 0 128
Total Workload of the Course Unit 128
Workload (h) / 25.5 5
ECTS Credits allocated for the Course Unit 5,0