Information Package / Course Catalogue
| Course Code | : EK412 |
| 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 |
Economic facts and problems are of dynamical nature, and, for this reason, it is required to use dynamical economic models. The primary purpose of this course is to provide the mathematical foundations of some very important dynamical economic models. Each lecture will introduce and analyze a specific dynamical model.
Why Dynamical Models?; Time in Economics: Logical vs. Historical Time; Time in Economics: Steady-State and Asymptotic Equilibria; Differential Equations; The Market Equilibrium and its Adjustment; Malthusian Population Dynamics; Harrod-Domar and Solow-Swan Dynamics; Difference Equations; The Iterative Solution of an Auto-Regressive Process; Systems of Differential Equations; The Dynamical IS-LM Model
| 1. | The student understands the mathematical foundations of dynamical economic concepts and theories. |
| 2. | The student gains competence in matchin real historical time to the model?s logical time. |
| 3. | The student develops dynamical perspectives to understand the processes of growth and development and business cycle fluctuations |
| 4. | By setting the dynamical models up and analyzing them (and depending on previous competence on static optimization), the student gains competence to understand dynamcs |
| 5. | To be able to analyze the general equilibrum of economics as a mathematical system. |
| 1. | Fundamental Methods of Mathematical Economics (4th Edition) by Alpha C. Chiang & Kevin Wainwright McGraw-Hill International Edition, 2005 |
| Type of Assessment | Count | Percent |
|---|---|---|
| Midterm Examination | 1 | %40 |
| Final Examination | 1 | %70 |
| Activities | Count | Preparation | Time | Total Work Load (hours) |
|---|---|---|---|---|
| Lecture - Theory | 14 | 2 | 3 | 70 |
| Individual Work | 7 | 2 | 3 | 35 |
| Midterm Examination | 1 | 8 | 1 | 9 |
| Final Examination | 1 | 8 | 1 | 9 |
| TOTAL WORKLOAD (hours) | 123 | |||
PÇ-1 | PÇ-2 | PÇ-3 | PÇ-4 | PÇ-5 | PÇ-6 | PÇ-7 | PÇ-8 | PÇ-9 | |
OÇ-1 | 5 | 4 | 2 | 4 | 3 | 4 | 5 | 4 | 3 |
OÇ-2 | 5 | 3 | 4 | 3 | 5 | 5 | 4 | 3 | 3 |
OÇ-3 | 5 | 2 | 5 | 4 | 3 | 4 | 3 | 4 | 2 |
OÇ-4 | 3 | 3 | 4 | 3 | 3 | 3 | 4 | 2 | 4 |
OÇ-5 | 5 | 3 | 2 | 2 | 4 | 3 | 4 | 3 | |