| TYPE OF COURSE UNIT | Compulsory Course |
| LEVEL OF COURSE UNIT | Master's Degree With Thesis |
| YEAR OF STUDY | 1 |
| SEMESTER | First Term (Fall) |
| NUMBER OF ECTS CREDITS ALLOCATED | 10 |
| NAME OF LECTURER(S) | -
|
| LEARNING OUTCOMES OF THE COURSE UNIT |
At the end of this course, the students;
1) students should have become familiar with the use of mathematical techniques used in economics. They should have become familiar with economic meaning of mathematical expressions in economic models. Students learn the meaning of equilibrium in an economic model and how to do equilibrium analysis. Then they learn the effect of an external shock on the existing equilibrium. They also become familiar with various economic models such as Leontief and National-Income Models. They learn the decision rules in Firm Theory and Consumer Behavior Theory for short-run and long-run. And they learn the behavior of perfectly competitive and monopolistically competitive firms in the competition of many firms, the behavior of duopolistic and oligopolistic competitive firms in the competition of many firms, the behavior of monopolistic and monopsonistic firms.
|
| MODE OF DELIVERY | Face to face |
| PRE-REQUISITES OF THE COURSE | No |
| RECOMMENDED OPTIONAL PROGRAMME COMPONENT | None |
| COURSE DEFINITION | This course aims to introduce the quantitative instruments needed to analyze economic problems with the help of a model. |
| COURSE CONTENTS | | WEEK | TOPICS |
|---|
| 1st Week | The Nature of Mathematical Economics | | 2nd Week | Economic Models | | 3rd Week | Equilibrium Analysis in Economics | | 4th Week | Linear Models and Matrix Algebra | | 5th Week | Linear Models and Matrix Algebra | | 6th Week | Rules of Differentiation and Their Use in Comparative Statistics | | 7th Week | Comparative Static Analysis of General Function Models | | 8th Week | Comparative Static Analysis of General Function Models | | 9th Week | Optimization: A Special Variety of Equilibrium Analysis | | 10th Week | Comparative Static Analysis of General Function Models | | 11th Week | Comparative Static Analysis of General Function Models | | 12th Week | Optimization With Equality Constraints | | 13th Week | Economic Dynamics and Integral Calculus | | 14th Week | Continuous Time: First Order Differential Equations |
|
| RECOMENDED OR REQUIRED READING | Alpha Chiang and Kevin Wainwright: Mathematical methods in Economics: 4th Edition, 2005, McGraw Hill.
Dowling, Edward T. 2001. Introduction to Mathematical Economics: Third Edition. McGraw-Hill.
|
| PLANNED LEARNING ACTIVITIES AND TEACHING METHODS | Lecture,Discussion |
| ASSESSMENT METHODS AND CRITERIA | | | Quantity | Percentage(%) |
|---|
| Mid-term | 1 | 40 | | Quiz | 1 | 10 | | Total(%) | | 50 | | Contribution of In-term Studies to Overall Grade(%) | | 50 | | Contribution of Final Examination to Overall Grade(%) | | 50 | | Total(%) | | 100 |
|
| ECTS WORKLOAD |
| Activities |
Number |
Hours |
Workload |
| Midterm exam | 1 | 2 | 2 | | Preparation for Quiz | 1 | 55 | 55 | | Individual or group work | 14 | 5 | 70 | | Preparation for Final exam | 1 | 70 | 70 | | Course hours | 14 | 3 | 42 | | Preparation for Midterm exam | 1 | 60 | 60 | | Laboratory (including preparation) | | | | | Final exam | 1 | 2 | 2 | | Homework | | | | | Total Workload | | | 301 |
|---|
| Total Workload / 30 | | | 10,03 |
|---|
| ECTS Credits of the Course | | | 10 |
|---|
|
| LANGUAGE OF INSTRUCTION | |
| WORK PLACEMENT(S) | No |
| | |
