Mathematical Economics (ECON213) Course Detail

Course Name Course Code Season Lecture Hours Application Hours Lab Hours Credit ECTS
Mathematical Economics ECON213 3. Semester 3 0 0 3 4
Pre-requisite Course(s)
N/A
Course Language English
Course Type Compulsory Departmental Courses
Course Level Bachelor’s Degree (First Cycle)
Mode of Delivery Face To Face
Learning and Teaching Strategies Lecture, Demonstration, Discussion.
Course Coordinator
Course Lecturer(s)
  • Asst. Prof. Dr. Özgür Bor
Course Assistants
Course Objectives The purpose of Econ 213 is to equip students with the essential mathematical techniques to analyze economic issues. This course also aims to explain the application of those techniques by considering a wide range of economic models/frameworks.
Course Learning Outcomes The students who succeeded in this course;
  • To develop an understanding of essential mathematical techniques used in economics.
  • To learn the methodology of mathematical economic analysis.
  • To learn how to apply the basic mathematical techniques and concepts in economic analysis.
Course Content The mathematical framework of economic analysis; equilibrium (static) analysis; comparative static analysis; univariate functions and optimization; multivariate functions and optimization; exponential and logarithmic functions in economics; integral calculus; introduction to dynamic analysis.

Weekly Subjects and Releated Preparation Studies

Week Subjects Preparation
1 An Overview of the Course Handouts
2 Preliminaries Handouts
3 The Mathematical Framework of Economic Analysis Handout
4 Equilibrium (static) Analysis & Applications Handouts
5 Comparative Static Analysis & Applications Handouts
6 Univariate Functions & Optimization Handouts
7 Applications Handouts
8 Mid-term Exam Handouts
9 Multivariate Functions & Optimization: Unconstrained & Constrained Optimization (The Method of Lagrange Multipliers) Handouts
10 Applications Handouts
11 Exponential & Logarithmic Functions in Economics Handouts
12 Miscellaneous Topics (e.g. Logarithmic transformation and Cobb-Douglas Function) Handouts
13 Integral Calculus Handouts
14 Introduction to Dynamic Analysis Handouts
15 Applications Handouts
16 Final Exam Ders Notları

Sources

Course Book 1. Chiang, Alpha C., and Kevin Wainwright (2005) Fundamental Methods of Mathematical Economics, 4th Edition, McGraw-Hill.
2. Klein, Michael W. (2002) Mathematical Methods for Economics, 2nd Edition, Addison Wesley.
3. Bradley, Teresa (2008) Essential Mathematics

Evaluation System

Requirements Number Percentage of Grade
Attendance/Participation 1 10
Laboratory - -
Application - -
Field Work - -
Special Course Internship - -
Quizzes/Studio Critics 2 10
Homework Assignments 5 10
Presentation - -
Project - -
Report - -
Seminar - -
Midterms Exams/Midterms Jury 1 30
Final Exam/Final Jury 1 40
Toplam 10 100
Percentage of Semester Work 60
Percentage of Final Work 40
Total 100

Course Category

Core Courses X
Major Area Courses
Supportive Courses
Media and Managment Skills Courses
Transferable Skill Courses

The Relation Between Course Learning Competencies and Program Qualifications

# Program Qualifications / Competencies Level of Contribution
1 2 3 4 5
1 Acquiring the skills of understanding, explaining, and using the fundamental concepts and methods of economics X
2 Acquiring the skills of macro level economic analysis X
3 Acquiring the skills of micro level economic analysis X
4 Understanding the formulation and implementation of economic policies at the local, national, regional, and/or global level
5 Learning different approaches on economic and related issues
6 Acquiring the quantitative and/or qualitative techniques in economic analysis X
7 Improving the ability to use the modern software, hardware and/or technological devices
8 Developing intra-disciplinary and inter-disciplinary team work skills
9 Acquiring an open-minded behavior through encouraging critical analysis, discussions, and/or life-long learning X
10 Adopting work ethic and social responsibility X
11 Developing the skills of communication. X
12 Improving the ability to effectively implement the knowledge and skills in at least one of the following areas: economic policy, public policy, international economic relations, industrial relations, monetary and financial affairs. X

ECTS/Workload Table

Activities Number Duration (Hours) Total Workload
Course Hours (Including Exam Week: 16 x Total Hours) 16 3 48
Laboratory
Application
Special Course Internship
Field Work
Study Hours Out of Class 16 3 48
Presentation/Seminar Prepration
Project
Report
Homework Assignments
Quizzes/Studio Critics 2 1 2
Prepration of Midterm Exams/Midterm Jury 1 2 2
Prepration of Final Exams/Final Jury 1 2 2
Total Workload 102