Course Information
SemesterCourse Unit CodeCourse Unit TitleT+P+LCreditNumber of ECTS CreditsLast Updated Date
4ECON 204Mathematical Economics2+2+03502.10.2023

 
Course Details
Language of Instruction English
Level of Course Unit Bachelor's Degree
Department / Program BA Program in Economics
Type of Program Formal Education
Type of Course Unit Compulsory
Course Delivery Method Face To Face
Objectives of the Course This course aims to develop further mathematical methods introduced in Math 101 Calculus 1 and Math 102 Calculus 2 also demonstrates further applications in economics, finance and management.
Course Content This course provides mathematical techniques and methods which find application in economics and related areas, and enables students to understand how these techniques are in work. In this course, new techniques are also developed, particularly for linear algebra, functions and mathematical analysis and optimization, and applications of these techniques are investigated. Upon completion, students should be able to select and use appropriate models and techniques for finding solutions to advance level of mathematics related problems with and without economics.
Course Methods and Techniques
Prerequisites and co-requisities None
Course Coordinator None
Name of Lecturers Asist Prof.Dr. Serkan Yüksel
Assistants None
Work Placement(s) No

Recommended or Required Reading
Resources Textbook: Lecture Notes, “Subject Guide: Mathematical Economics” Supplementary Resources Anthony, M. and N. Biggs. “Mathematics for Economics and Finance: Methods and Modelling”, Cambridge University Press. Simon, C. and L. Blume. “Mathematics for Economists” W.W. Norton, London 1994.
Course Notes The course is not a self-contained in the sense that a prior knowledge of calculus (MATH 101 and Math 102) is required. In addition, basic knowledge with algebra and other mathematics are recommended (appendices covering these topics are available in the textbook).

Course Category
Mathematics and Basic Sciences %80
Social Sciences %20

Planned Learning Activities and Teaching Methods
Activities are given in detail in the section of "Assessment Methods and Criteria" and "Workload Calculation"

Assessment Methods and Criteria
In-Term Studies Quantity Percentage
Mid-terms 2 % 30
Quizzes 3 % 15
Assignment 3 % 15
Final examination 1 % 40
Total
9
% 100

 
ECTS Allocated Based on Student Workload
Activities Quantity Duration Total Work Load
Course Duration 14 3 42
Hours for off-the-c.r.stud 14 3 42
Assignments 3 4 12
Mid-terms 2 10 20
Laboratory 14 1 14
Final examination 1 20 20
Total Work Load   Number of ECTS Credits 5 150

 
Course Learning Outcomes: Upon the successful completion of this course, students will be able to:
NoLearning Outcomes
1 To analyze the characteristics of the mathematics in economics by utilizing graphs (A, B)
2 To apply the advance mathematics with the tools of economics and understand the usage of these tools (B, D, E, F)
3 To use the concepts, terminology, methods and conventions covered in this course to solve further mathematical problems in other courses (C)
4 To solve unseen mathematical problems in economics by selecting the most appropriate techniques based on the characteristics of the calculus and linear algebra and apply this techniques (C, D, E)

 
Weekly Detailed Course Contents
WeekTopicsStudy MaterialsMaterials
1 Preliminaries Chapter 2 in Lecture Notes (LN)
2 Vectors Chapter 4 in LN, Chapter 10 in Simon and Blume (S&B)
3 Linear Transformation Chapter 14, 15 in LN
4 Change of Basis Quiz 1 Chapter 16 in LN
5 Diagonalisation Assignment 1 Chapter 17 in LN
6 Applications of Diagonalisation Midterm 1 Chapter 18 in LN
7 Mathematical Analysis - Chapter 9, 10 in LN, Chapter 10 in (S&B)
8 Limits of functions Quiz 2 Chapter 11 in LN, Chapter 12 in (S&B)
9 Functions of several variables 1 Assignment 2 Chapter 6 in LN, Chapter 10 in (S&B)
10 Functions of several variables 2 Midterm 2 Chapter 6 in LN, Chapter 10 in (S&B)
11 Two Variable Optimisation - Chapter 7 in LN-2
12 Constrained Optimisation Quiz 3 Chapter 2 in LN-2, Chapter 18, 19 in (S&B)
13 Kuhn Tucker Theorem Assignment 3 Chapter 2 in LN-2, Chapter 18, 19 in (S&B)
14 Consumer`s utility maximisation problem - Chapter 3 in LN-2

 
Contribution of Learning Outcomes to Programme Outcomes
P1 P2 P3 P4 P5 P6 P7 P8 P9 P10 P11 P12
All 5 1 2 4 2 3 5 1 3 3 3 4
C1 5 1 2 5 1 4 5 1 4 3 2 5
C2 5 2 3 4 2 3 5 1 3 3 3 4
C3 5 1 2 4 2 3 5 1 3 3 3 4
C4 5 2 2 4 2 3 5 1 3 3 3 4

  Contribution: 1: Very Slight 2:Slight 3:Moderate 4:Significant 5:Very Significant

  
  https://obs.ihu.edu.tr/oibs/bologna/progCourseDetails.aspx?curCourse=210003&lang=en