
| 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 |
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.
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.
| Lec. Mesut ÇAKIR |
| 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. |
| 1. | Chiang, A.C. (2005), ‘Fundemantal Methods of Mathematical Analysis, McGrawHill. |
| Type of Assessment | Count | Percent |
|---|---|---|
| Midterm Examination | 1 | %40 |
| Final Examination | 1 | %70 |
| Activities | Count | Preparation | Time | Total Work Load (hours) |
|---|---|---|---|---|
| Lecture - Theory | 14 | 3 | 3 | 84 |
| Individual Work | 3 | 4 | 1 | 15 |
| Midterm Examination | 1 | 12 | 1 | 13 |
| Final Examination | 1 | 12 | 1 | 13 |
| TOTAL WORKLOAD (hours) | 125 | |||
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 |