Information Package / Course Catalogue
Mathematical Economics
Course Code: İKP520
Course Type: Area Elective
Couse Group: Second Cycle (Master's Degree)
Education Language: Turkish
Work Placement: N/A
Theory: 3
Prt.: 0
Credit: 3
Lab: 0
ECTS: 5
Objectives of the Course

A course on "Mathematical Economics" aims to give students necessary analytical tools and skills of Mathematics that help to understand and solve economic models like market model, national income model, etc.

Course Content

Equilibrium analysis, linear models and matrix algebra, rules of differentiation and their use in comparative statics, optimization problems.

Name of Lecturer(s)
Lec. Yılmaz ERDEM
Learning Outcomes
1.To be able to determine the endogenous and exogenous variables of economic models.
2.To be able to solve the equation systems for the equilibrium analysis.
3.To be able to use matrix algebra in order to solve the linear equation systems.
4.Learn the use of differentiation techniques for the comparative static analysis.
5.To be able to determine the optimum values of an economic variable in non-constraint and constraint cases.
Recommended or Required Reading
1.Matematiksel İktisadın Temelleri, Gazi Kitabevi (1999), Chiang ,Alpha Mathematics for Economics, Michael Hoy et.al. Addison Wesley, Publishers (1996)
Weekly Detailed Course Contents
Week 1 - Theoretical
The Nature of Mathematical Economics & Economic Models
Week 2 - Theoretical
Equilibrium Analysis in Economics
Week 3 - Theoretical
Equilibrium Analysis in Economics
Week 4 - Theoretical
Linear Models and Matrix Algebra
Week 5 - Theoretical
Linear Models and Matrix Algebra
Week 6 - Theoretical
Linear Models and Matrix Algebra
Week 7 - Theoretical
Linear Models and Matrix Algebra
Week 8 - Intermediate Exam
Midterm Exam
Week 9 - Theoretical
Rules of Differentiation and Their Use in Comparative Statistics
Week 10 - Theoretical
Rules of Differentiation and Their Use in Comparative Statistics
Week 11 - Theoretical
Optimization: A Special Variety of Equilibrium Analysis
Week 12 - Theoretical
Optimization: A Special Variety of Equilibrium Analysis
Week 13 - Theoretical
Optimization: A Special Variety of Equilibrium Analysis
Week 14 - Theoretical
Optimization with Equality Constraints
Week 15 - Theoretical
Optimization with Equality Constraints
Week 16 - Final Exam
Final Exam
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory142370
Project23516
Individual Work23516
Midterm Examination19110
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
OÇ-1
3
4
3
4
5
4
4
OÇ-2
4
3
5
4
4
4
4
OÇ-3
3
4
3
4
4
4
5
OÇ-4
4
3
4
3
4
5
4
OÇ-5
4
3
4
3
4
4
4
Adnan Menderes University - Information Package / Course Catalogue
2026