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Course Description Course Name : Mathematical Methods İn Economics Course Code : EC 313 Course Type : Compulsory Level of Course : First Cycle Year of Study : 3 Course Semester : Fall (16 Weeks) ECTS : 5 Name of Lecturer(s) : Asst.Prof.Dr. ERHAN İŞCAN Learning Outcomes of the Course : Acquire the essentials of microeconomic analysis and the mathematical techniques used. Perform the unconstrained and constrained optimization and comparative static analysis. Acquire the ability to interpret the solutions obtained economically. Gain input to the main quantitative techniques (econometrics and linear programming) used in empirical analysis of demand, costs and supply decisions. Mode of Delivery : Face-to-Face Prerequisites and Co-Prerequisites : None Recommended Optional Programme Components : None Aim(s) of Course : This course is the first part of a two semester sequence designed to provide students with analytical tools and the quantitative techniques of economic analysis. To acquire effectively the information presented in class, students who are taking this class are expected to have basic knowledge of calculus (IEM 125-126), linear algebra (IEM 205) and microeconomics (IEC 201-202). The focus will be on the microeconomic analysis for this semester. The course will present an integrated approach to consumer theory and the derivation of individual and market demand functions; producer theory and the derivation of production, output supply, input demand, and cost and profit functions. Market structures and market equilibrium, resource allocation and efficiency will be formally analyzed. The course will also include an introduction to welfare economics and will acquaint students with the basic principles and analytical tools used in applied welfare economics and public finance. Course Contents : Subject Matters and Methodology, Market Theory and Structures, Consumer Theory and Demand Analysis, Producer Theory and Supply Analysis, Introduction to Welfare Economics and Linear Programming Language of Instruction : Turkish Work Place : Class   Course Outline /Schedule (Weekly) Planned Learning Activities Week Subject Student's Preliminary Work Learning Activities and Teaching Methods 1 Profit Maximization Readings and problem set Lecture 2 Profit Maximization Readings and problem set Lecture 3 Macroeconomic Model Readings and problem set Lecture 4 Cramer Rule Readings and problem set Lecture 5 Matrices analysis Readings and problem set Lecture 6 Duopol model Readings and problem set Lecture 7 Keynesian model matrice solvings Readings and problem set Lecture 8 Mid-term exam Prepare to exam Written exam 9 Multivariable calculus Readings and problem set Lecture 10 Keynesian models Readings and problem set Lecture 11 Introduction to optimization Readings and problem set Lecture 12 Multivariable optimization Readings and problem set Lecture 13 Cobb-Douglass function Readings and problem set Lecture 14 Monopoly Readings and problem set Lecture 15 Review Readings and problem set Lecture 16/17 Final exam Prepare to exam written exam   Required Course Resources Resource Type Resource Name Recommended Course Material(s)  1. Mathematical Economics, J.Baldani, J.Bradfield, R.Turner, Dryden, 1996 " Required Course Material(s)   Assessment Methods and Assessment Criteria Semester/Year Assessments Number Contribution Percentage     Mid-term Exams (Written, Oral, etc.) 1 100     Homeworks/Projects/Others 0 0 Total 100 Rate of Semester/Year Assessments to Success 40   Final Assessments 100 Rate of Final Assessments to Success 60 Total 100   Contribution of the Course to Key Learning Outcomes # Key Learning Outcome Contribution* 1 Explain the importance of demand and supply in economy science and the well-running conditions of the market economy 2 2 Define the role of pricing within the event advantage of the market economy. 1 3 Define the role of the state in economy, money and financial policies, the central bank and the structure of the market. 3 4 Perceive the costs and benefits arising from the global economy 1 5 Produce numerical and policy options when confronted with problems. 4 6 Use quantitative and qualitative techniques of model building, decoding and interpretation. 5 7 Use the theory of economics in the analysis of economic events. 4 8 Use computer programs, do synthesis and present prepared data efficiently. 2 9 Apply the methods of economic analysis. 4 10 Analyze at conceptual level and acquires ability in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems 4 11 Take responsibility individually and / or in a team, take leadership and work effectively. 1 12 Follow innovative developments in the field being aware of the necessity of lifelong learning and improving him-/herself.. 1 13 Use of different sources about an unfamiliar field within academic principles, synthesize gained data and presents effectively. 1 14 Use Turkish and at least one foreign language in accordance with the requirements of academic and work life. 1 15 Understand and interpret related people´s feelings, thoughts, and behaviours correctly; expresse him-/herself accurately in written and oral language. 1 16 Question traditional attitudes, applications and methods, develop and apply new methods when needed. 1 17 Recognize and apply social, scientific and professional ethical values. 1 * Contribution levels are between 0 (not) and 5 (maximum).   Student Workload - ECTS Works Number Time (Hour) Total Workload (Hour) Course Related Works     Class Time (Exam weeks are excluded) 14 3 42     Out of Class Study (Preliminary Work, Practice) 14 4 56 Assesment Related Works     Homeworks, Projects, Others 0 0 0     Mid-term Exams (Written, Oral, etc.) 1 8 8     Final Exam 1 10 10 Total Workload: 116 Total Workload / 25 (h): 4.64 ECTS Credit: 5