TYPE OF COURSE UNIT	Elective Course
LEVEL OF COURSE UNIT	Bachelor's Degree
YEAR OF STUDY	-
SEMESTER	-
NUMBER OF ECTS CREDITS ALLOCATED	5
NAME OF LECTURER(S)	Instructor Özlem Aytaç
LEARNING OUTCOMES OF THE COURSE UNIT	At the end of this course, the students; 1) Become familiar with economic meaning of mathematical expressions in economic models used in economics, understands exogeneous variables, endogeneous variables, constants, coefficients and parametric constants in economic models, understands the meaning of definitional equation, structural equations, behavioral equations and equilibrium conditions used in economic models, understands the meaning of systems of linear equations and general equilibrium. 2) Become familiar with meaning and implementation of methods used in economic models, understands the equilibrium analysis in economics, the static stability of equilibrium, the static analysis, the comparative static analysis, the dynamic analysis, the restricted and unrestricted optimization analysis. 3) Become familiar with investigation using economic models for various markets. Understands the static partial market equilibrium model, the comparative static analysis in markets, the dynamic partial market equilibrium model. 4) Become familiar with the use of various economic models. For example, understands the Cobweb Model, Inventory Model and National-Income Models, the decision rules in Firm Theory and Consumer Behavior Theory for short-run and long-run, 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 examines mathematical techniques used in solving basic and intermediate micro and macro economic problems.
COURSE CONTENTS	WEEK TOPICS 1st Week Introduction to Economic Models 2nd Week A Review of Some Basic Mathematics 3rd Week Perfectly Competitive Markets: Static Analysis 4th Week Perfectly Competitive Markets: Dynamic Analysis 5th Week Systems of Linear Equations and General Equilibrium 6th Week Theory of the Firm: Short-Run Decision Rules 7th Week Competition among Many: Perfectly Competitive Firms and Monopolistically, Monopolies and Monopsonies 8th Week Midterm 9th Week Duopolies and Oligopolies 10th Week Theory of the Firm: Constrained Optimization 11th Week Theory of the Firm: Inequality Constraints 12th Week Theory of Consumer Behavior 13th Week Basic Macroeconomic Models: Input-Output Analysis and a Simple Keynesian Model 14th Week IS-LM and Aggregate Demand-Aggregate Supply Models
RECOMENDED OR REQUIRED READING	Peter Hess, Using Mathematics in Economics Analysis, Prentice Hall 0-13-020026-3
PLANNED LEARNING ACTIVITIES AND TEACHING METHODS	Lecture,Discussion
ASSESSMENT METHODS AND CRITERIA	Quantity Percentage(%) Mid-term 1 40 Total(%) 40 Contribution of In-term Studies to Overall Grade(%) 40 Contribution of Final Examination to Overall Grade(%) 60 Total(%) 100
ECTS WORKLOAD	Activities Number Hours Workload Midterm exam 1 1 1 Preparation for Quiz Individual or group work 14 3 42 Preparation for Final exam 1 30 30 Course hours 14 3 42 Preparation for Midterm exam 1 25 25 Laboratory (including preparation) Final exam 1 1 1 Homework Total Workload 141 Total Workload / 30 4,7 ECTS Credits of the Course 5
LANGUAGE OF INSTRUCTION	Turkish
WORK PLACEMENT(S)	No