The course aims to provide the students with a general knowledge on mathematical methods to enable them to understand economics, to help them use mathematical tools to understand the economic issues

Learning Outcomes

CTPO

TOA

Upon successful completion of the course, the students will be able to :

LO - 1 :

Identify of mathematical instruments and economic models

1

1,

LO - 2 :

Understand the identification of economic models by using the mathematical models

1

1,

LO - 3 :

Apply the mathematical instruments to economic models

1

1,

LO - 4 :

Analyze the economic relations by using the mathematical instruments

1

1,

LO - 5 :

Create a new perspective on economic relations by using mathematical instruments

1

1,

CTPO : Contribution to programme outcomes, TOA :Type of assessment (1: written exam, 2: Oral exam, 3: Homework assignment, 4: Laboratory exercise/exam, 5: Seminar / presentation, 6: Term paper), LO : Learning Outcome

Contents of the Course

Basic concepts, tools in mathematical economics, algebra, equations, functions of one variable, properties of functions, differentiation, derivatives in use, single-variable optimization, integration, interest rates and present values, functions of many variables, tools for comparative statistics, multivariable optimization, constrained optimization, matrix and vector algebra, determinants and inverse matrices, linear programming.

Course Syllabus

Week

Subject

Related Notes / Files

Week 1

The nature of mathematical economics

Week 2

mathematical versus nonmathematical economics

Week 3

Economic models

Week 4

Ingredients of a mathematical model

Week 5

Types of function

Week 6

Functions of two or more indepenendent variables

Week 7

levels of generality

Week 8

Static (or equilibrium)analysis

Week 9

Mid-term exam

Week 10

Equilibrium analysis in economies The meaning of equilibrium

Week 11

Partial market Equilibrium-a linear model

Week 12

Partial market Equilibrium-a nonlinear model

Week 13

Linear models and matrix algebra Matrices and vectors

Week 14

Matrix operations

Week 15

Linear models and matrix algebra

Week 16

End-of-term exam

Textbook / Material

1

Chiang, Alpha C,Çeviri,Ergun Kip ve diğerleri)1984;matematiksel İktisadın Temel Yöntemleri

2

Chiang, Alpha C,Çeviri,Ergun Kip ve diğerleri)1984;matematiksel İktisadın Temel Yöntemleri