Course Details

MATHEMATICAL ECONOMICS

ECON321

Course Information
SemesterCourse Unit CodeCourse Unit TitleT+P+LCreditNumber of ECTS Credits
5ECON321MATHEMATICAL ECONOMICS 3+0+035

Course Details
Language of Instruction English
Level of Course Unit Bachelor's Degree
Department / Program ECONOMICS
Type of Program Formal Education
Type of Course Unit Compulsory
Course Delivery Method Face To Face
Objectives of the Course The main purpose in the course is to examine principal and basic tools of mathematical approaches used in economic analyses. Fundamental principles that are needed for understanding and analyzing main economic theories and empirical analyses are presented in the course content and are examined from a mathematical perspective. Example subjects include introduction to abstract mathematics, optimization problems and their analyses, comparative static analysis, basic linear algebra, introduction to difference and differential equations.
Course Content Introducing mathematical foundations used in advanced economic theories. Illustrating how to use basic mathematical approaches in economic analysis.
Providing examples of advanced mathematical applications used in economic models.
Course Methods and Techniques Learners will be provided with as much opportunities of hands-on practice as possible with the aim of striking a balance between learner-centeredness and sufficient guidance. Various forms of interaction (i.e. pair work and group work) will also be encouraged to cater for learners with different learning styles. Additionally, individuals will be expected to produce both in-class writings and homework assignments in addition to the reading tasks, which will encourage them to reflect and think critically. Technology will also be incorporated into the classroom procedures in order to create a better learning environment.
Prerequisites and co-requisities None
Course Coordinator None
Name of Lecturers Asist Prof.Dr. Burak Kağan Demirtaş
Assistants None
Work Placement(s) No

Recommended or Required Reading
Resources Introduction to Mathematical Economics. Edward T. Dowling.
Introduction to Mathematical Economics. Edward T. Dowling.

Course Category
Mathematics and Basic Sciences %50
Social Sciences %50

Planned Learning Activities and Teaching Methods
Activities are given in detail in the section of "Assessment Methods and Criteria" and "Workload Calculation"

Assessment Methods and Criteria
In-Term Studies Quantity Percentage
Yarıyıl İçi Çalışmalarının Başarı Notunun Katkısı 1 % 15
Quiz/Küçük Sınav 1 % 30
Ödev 1 % 15
Final examination 1 % 40
Total
4
% 100

 
ECTS Allocated Based on Student Workload
Activities Quantity Duration Total Work Load
Yazılı Sınav 1 10 10
Ev Ödevi 1 15 15
Sınıf İçi Aktivitesi 1 14 14
Soru Çözümü 14 1 14
Ders dışı çalışma 14 3 42
Yüz Yüze Ders 14 2 28
Final Sınavı 1 20 20
Total Work Load   Number of ECTS Credits 5 143

Course Learning Outcomes: Upon the successful completion of this course, students will be able to:
NoLearning Outcomes
1 Explain mathematical applications in economic theories.
2 Interpret economic implementations of mathematical models.
3 Discuss presenting a mathematical proof.
4 Solve economic models using mathematical tools.


Weekly Detailed Course Contents
WeekTopicsStudy MaterialsMaterials
1 Economic Applications of Graphs and Equations
2 The Derivative and the Rules of Differentiation
3 Uses of the Derivative in Mathematics and Economics
4 Calculus of Multivariable Functions
5 Calculus of Multivariable Functions in Economics
6 Exponential and Logarithmic Functions
7 Exponential and Logarithmic Functions in Economics
8 Mid-Term Exam
9 Differentiation of Exponential and Logarithmic Functions
10 The Fundamentals of Linear (or Matrix) Algebra
11 Matrix Inversion
12 Optimization-I
13 Optimization-II
14 Optimization-III


Contribution of Learning Outcomes to Programme Outcomes
P1 P2 P3 P4 P5 P6 P7 P8 P9 P10
C1 4 3 4 5 4
C2 4 3 1 5 4 2 2
C3 2 1 3 5 1
C4 4 3 3 4 5 3 1 3

Contribution: 1: Very Slight 2:Slight 3:Moderate 4:Significant 5:Very Significant


https://sis.agu.edu.tr/oibs/bologna/progCourseDetails.aspx?curCourse=70495&lang=en