Information Package / Course Catalogue
Mathematical Economics
Course Code: ECO307
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: 6
Objectives of the Course

The main aim of this course is to extend students’ facility with those methods of mathematics needed to pursue economic analysis at intermediate level.

Course Content

Rules, Introduction, Definitions, Nature of Economics, Modelling, Number Systems, Sets and Operations, Rules of Algebraic Expressions, Exponents and Logarithms, Binomial Expansion, Properties of Matrices, Matrix Addition, Subtraction and Multiplication, Matrix Inversion, Optimization: Optimum Value and Extreme Value, Relative Maxima and Minima, Non-constrained Optimization, Constrained Optimization.

Name of Lecturer(s)
Learning Outcomes
1.Defines basic mathematical concepts.
2.Solves mathematical concepts.
3.Understands conomic issues mathematically.
4.Explain micro and macro based theories within the framework of mathematical applications.
5.Analyze the nature of mathematical economics and the relationship between economic and econometric models.
Recommended or Required Reading
1.Alpha CHIANG, Matematiksel İktisadın Temel Yöntemleri, Asil Yayın Dağıtım, Ankara, 2003.
2.Bernd LUDERER - Volker NOLLAU - Klaus VETTERS, İktisatçılar İçin Matematik, Palme Yayıncılık, 2011.
Weekly Detailed Course Contents
Week 1 - Theoretical
Rules, Introduction, Definitions
Week 2 - Theoretical
Nature of Economics, Modelling, Number Systems, Sets and Operations
Week 3 - Theoretical
Rules of Algebraic Expressions, Exponents and Logarithms, Binomial Expansion
Week 4 - Theoretical
Properties of Matrices, Matrix Addition, Subtraction and Multiplication, Matrix Inversion
Week 5 - Theoretical
Crammer’s Rule, Economic Application of Matrix Algebra
Week 6 - Theoretical
Static Analysis : Single Commodity Market Model, National Income Model, Limitations of Static Analysis
Week 7 - Theoretical
Comparative Stationarity Analysis: Rate of Change and Derivative, Limit Concept and Theorems
Week 8 - Theoretical
Comparative Stationarity Analysis: Inequality and Absolute Value, Continuity and Differentiability of a Function
Week 9 - Theoretical
Comparative Stationarity Analysis: Derivatives and Differential Equations, Economic Application of Derivatives, Partial Differentiation
Week 10 - Theoretical
Optimization: Optimum Value and Extreme Value, Relative Maxima and Minima, Non-constrained Optimization, Constrained Optimization
Week 11 - Theoretical
Economic Application of Constrained and Non-constrained Optimization
Week 12 - Theoretical
Lagrangian Function and its Applications
Week 13 - Theoretical
Optimization with Equality Constraints, Utility Maximization and Consumer Demand
Week 14 - Theoretical
Indefinite Integrals, Definite Integrals, Economic Application of Integration
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory140342
Individual Work140570
Midterm Examination115116
Final Examination121122
TOTAL WORKLOAD (hours)150
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
PÇ-13
PÇ-14
PÇ-15
OÇ-1
4
3
4
3
OÇ-2
4
3
4
4
OÇ-3
4
3
4
3
OÇ-4
OÇ-5
Adnan Menderes University - Information Package / Course Catalogue
2026