Information Package / Course Catalogue
Mathematical Economics
Course Code: ECON205
Course Type: Required
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 primary purpose of this course is to provide students with a solid foundation in the application of mathematical techniques to economic theory and practice. By integrating mathematical methods with economic concepts, the course aims to enhance students' analytical skills, enabling them to rigorously formulate and solve economic problems. By the end of the course, students will be proficient in utilizing mathematical techniques to analyze and interpret economic phenomena, equipped with the skills necessary to succeed in both academic and professional environments where economic analysis is required.

Course Content

This course offers a comprehensive introduction to the application of mathematical techniques in economic analysis. Students will explore key mathematical tools, including calculus, linear algebra, and differential equations, and their application to both microeconomic and macroeconomic models.

Name of Lecturer(s)
Prof. Osman PEKER
Learning Outcomes
1.Students will develop the ability to perform quantitative analysis, interpret economic data, and draw meaningful conclusions from this data.
2.Students will enhance their critical thinking and problem-solving skills, enabling them to approach economic problems methodically and propose viable solutions based on quantitative analysis.
3.Students will be able to construct and analyze economic models using mathematical methods, including optimization and equilibrium analysis.
4.Students will demonstrate proficiency in essential mathematical tools.
5.Students will apply differentiation to analyze marginal concepts and optimization problems in economics, such as profit maximization and cost minimization.
Recommended or Required Reading
1.Glass, C. J. (1997). İktisatta Matematiksel Yöntemlere Giriş. Der Yayınları.
2.Ateş, Ş. (2021). Matematiksel iktisat. Karahan Kitabevi.
Weekly Detailed Course Contents
Week 1 - Theoretical
Introduction to Mathematical Economics: Basic Concepts and the Importance of Mathematics in Economics
Week 2 - Theoretical
Functions and Graphs: Economic Applications of Functions and Graphing
Week 3 - Theoretical
Equilibrium Solution in Economics
Week 4 - Theoretical
Equilibrium Solution in Economics
Week 5 - Theoretical
Limits and Continuity
Week 6 - Theoretical
Derivatives and Rules of Differentiation
Week 7 - Theoretical
Derivatives and Rules of Differentiation
Week 8 - Theoretical
Applications of Derivatives in Economics: Profit Maximization and Elasticity
Week 9 - Theoretical
Integral: Applications of Integral in Economics
Week 10 - Theoretical
Multivariable Calculus: Partial Derivatives
Week 11 - Theoretical
Optimization and its Applications in Economics
Week 12 - Theoretical
Matrix Algebra
Week 13 - Theoretical
Linear Programming
Week 14 - Theoretical
Difference and Differential Equations
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory142370
Midterm Examination120121
Final Examination130131
TOTAL WORKLOAD (hours)122
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
PÇ-10
PÇ-11
PÇ-12
OÇ-1
4
3
3
3
4
5
4
3
2
3
4
3
OÇ-2
4
3
3
3
4
5
4
3
2
3
5
4
OÇ-3
4
3
3
3
4
5
4
3
2
3
4
3
OÇ-4
3
2
2
2
3
5
4
2
2
2
3
2
OÇ-5
4
3
3
2
3
5
4
3
2
3
4
3
Adnan Menderes University - Information Package / Course Catalogue
2026