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 |
Prof. KAMİL KAYA |
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 |
Students define the concepts they learned and match them with their corresponding phenomena in the social world.
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2 |
Students interpret concepts and theories taking into account their historical-cultural contexts.
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3 |
Students compare sociological theories with reference to social problems.
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4 |
Students distinguish the significance of ecological, social and economical sustainability for world’s future.
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5 |
Students develop their knowledge on sustainability by the use of information and communication technologies.
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KNOWLEDGE |
Factual |
|
Programme Learning Outcomes |
Level of Contribution |
0 |
1 |
2 |
3 |
4 |
5 |
1 |
Students evaluate qualitative and quantitative data of sociological research studies.
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2 |
Students analyse the complicated interactions between the social, cultural, political, economical and demographical phenomena of the global world.
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SKILLS |
Cognitive |
|
Programme Learning Outcomes |
Level of Contribution |
0 |
1 |
2 |
3 |
4 |
5 |
1 |
Students design a research by their acquired knowledge and experience.
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SKILLS |
Practical |
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Programme Learning Outcomes |
Level of Contribution |
0 |
1 |
2 |
3 |
4 |
5 |
1 |
Students research field study considering the principle of cultural relativity, scientific and ethical values.
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2 |
Students efficiently apply the most suitable information and communication technologies in their studies.
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3 |
Students use their knowledge on ecological, social and economical sustainability in all aspects of their lives.
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OCCUPATIONAL |
Autonomy & Responsibility |
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Programme Learning Outcomes |
Level of Contribution |
0 |
1 |
2 |
3 |
4 |
5 |
1 |
Students research on problems which reflect on their fields in the global world undergoing rapid and profound change.
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OCCUPATIONAL |
Learning to Learn |
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Programme Learning Outcomes |
Level of Contribution |
0 |
1 |
2 |
3 |
4 |
5 |
1 |
Students criticize their advanced knowledge and skills in an analytical manner.
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2 |
Students develop their knowledge and skills within the frame of scientific, technological and current developments via adopting the principle of lifelong learning.
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3 |
Students act ethically impartial in their research studies.
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OCCUPATIONAL |
Communication & Social |
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Programme Learning Outcomes |
Level of Contribution |
0 |
1 |
2 |
3 |
4 |
5 |
1 |
Students criticize their advanced knowledge and skills in an analytical manner.
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OCCUPATIONAL |
Occupational and/or Vocational |
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Programme Learning Outcomes |
Level of Contribution |
0 |
1 |
2 |
3 |
4 |
5 |
1 |
Students apply the principle of cultural relativity, scientific and ethical values with reference to sustainability throughout their studies in their careers.
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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 |
|