Information Package / Course Catalogue
Input-Output and General Equilibrium Analysis
Course Code: EK455
Course Type: Area Elective
Couse Group: First Cycle (Bachelor's Degree)
Education Language: Turkish
Work Placement: N/A
Theory: 3
Prt.: 0
Credit: 3
Lab: 0
ECTS: 5
Objectives of the Course

The main aim of this course is to introduce fundamental mathematical tools utilized in the mathematical approach to economic analysis. The course aims to relate these mathematical tools to various types of economics problems. In particular, the emphasis will be on static analysis, comparative static analysis and optimization problems.

Course Content

This course will extensively use algebra and basic calculus. The course focuses mainly on the following; static analysis, linear models and matrix algebra, comparative static models, optimization problems with equality constraints.

Name of Lecturer(s)
Lec. Mesut ÇAKIR
Learning Outcomes
1.Will be able to use basic and fundamental mathematical tools.
2.Will be able to describe an economic model mathematically.
3.Will be able to solve a system of equations both by substitution and linear algebra methods.
4.Will be able to analyze input output economics by using matrix algebra.
5.Will be able to conduct comparative static analysis
6.Will be able to solve optimization problems.
Recommended or Required Reading
1.Chiang, A.C. (2005), ‘Fundemantal Methods of Mathematical Analysis, McGrawHill.
Weekly Detailed Course Contents
Week 1 - Theoretical
The Nature of Mathematical Economics and Economic Models
Week 2 - Theoretical
Equilibrium Analysis in Economics
Week 3 - Theoretical
Linear Models and Matrix Algebra
Week 4 - Theoretical
Linear Models and Matrix Algebra
Week 5 - Theoretical
Linear Models and Matrix Algebra
Week 6 - Theoretical
Rules of Differentiation and Their Use in Comparative Statics
Week 7 - Theoretical
Comparative Static Analysis of General Function Models
Week 8 - Theoretical
Comparative Static Analysis of General Function Models
Week 9 - Theoretical
Optimization: A Special Variety of Equilibrium Analysis
Week 10 - Theoretical
The Case of More Than One Choice Variable
Week 11 - Theoretical
The Case of More Than One Choice Variable
Week 12 - Theoretical
Optimization with Equality Constraints
Week 13 - Theoretical
Optimization with Equality Constraints
Week 14 - Theoretical
Final Review
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%70
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory143384
Individual Work34115
Midterm Examination112113
Final Examination112113
TOTAL WORKLOAD (hours)125
Contribution of Learning Outcomes to Programme Outcomes
PÇ-1
PÇ-2
PÇ-3
PÇ-4
PÇ-5
PÇ-6
PÇ-7
PÇ-8
PÇ-9
OÇ-1
3
3
3
4
4
4
4
3
3
OÇ-2
4
3
3
3
4
4
5
5
5
OÇ-3
3
3
3
3
3
4
4
4
5
OÇ-4
3
3
4
4
4
4
4
3
3
OÇ-5
3
3
3
3
5
4
4
4
4
OÇ-6
3
3
3
3
4
4
4
4
4
Adnan Menderes University - Information Package / Course Catalogue
2026