TOROS ÜNİVERSİTESİ
Bilgi Paketi Ders Kataloğu

Course Information

MATHEMATICAL ECONOMICS
Code	Semester	Theoretical	Practice	National Credit	ECTS Credit
		Hour / Week
ECO324	Spring	3	0	3	5

Prerequisites and co-requisites
Language of instruction	English
Type	Required
Level of Course	Bachelor's
Lecturer	Asst. Prof. Dr. Gökçe MANAVGAT
Mode of Delivery	Face to Face
Suggested Subject
Professional practise ( internship )	None
Objectives of the Course	This course focuses on the mathematical methods and models that are required to understand current economics and to investigate economic models. Topics may include limits, sequences and series, combinatorics, set theory; univariate and multivariate calculus; matrix algebra and systems of linear equations; and applications in economic models. Course materials will be shared on lms.toros.edu.tr. There is a requirement to attend the course.
Contents of the Course

Learning Outcomes of Course

#	Learning Outcomes
1
2
3
4

Course Syllabus

#	Subjects	Teaching Methods and Technics
1	Graphs and functions, Draw graphs that correspond to linear, non-linear and composite functions. Find the slopes of linear functions and tangents to non-linear function by graphical analysis	Synchronous- lms.toros.edu.tr
2	Graphs and functions, Draw graphs that correspond to linear, non-linear and composite functions. Find the slopes of linear functions and tangents to non-linear function by graphical analysis	Synchronous- lms.toros.edu.tr
3	Relate mathematical solutions to simultaneous linear equations to economic analysis. Derive the profit-maximizing solutions to price discrimination	Synchronous- lms.toros.edu.tr
4	Relate mathematical solutions to simultaneous linear equations to economic analysis. Derive the profit-maximizing solutions to price discrimination	Synchronous- lms.toros.edu.tr
5	Quadratic equations, set up and solve economic problems that involve quadratic functions	Synchronous- lms.toros.edu.tr
6	Introduction to calculus, Derive marginal revenue and marginal cost functions using differentiation and relate them to the slopes of the corresponding total revenue and cost functions	Synchronous- lms.toros.edu.tr
7	Find the slope of a function using differentiation. Derive the Keynesian multiplier using differentiation.	Synchronous- lms.toros.edu.tr
8	Online Midterm
9	Matrix algebra, Formulate multi-variable economic models in matrix format, Derive the Hessian matrix of second-order derivatives and use it to check the second-order conditions	Synchronous- lms.toros.edu.tr
10	Matrix algebra, Formulate multi-variable economic models in matrix format, Derive the Hessian matrix of second-order derivatives and use it to check the second-order conditions	Synchronous- lms.toros.edu.tr
11	Dynamics and difference equations, Demonstrate how a time lag can affect the pattern of adjustment to equilibrium in some basic economic models.	Synchronous- lms.toros.edu.tr
12	Dynamics and difference equations, Demonstrate how a time lag can affect the pattern of adjustment to equilibrium in some basic economic models.	Synchronous- lms.toros.edu.tr
13	Apply the difference equation solution method to the cobweb, Keynesian and Bertrand models involving a single lag	Synchronous- lms.toros.edu.tr
14	Apply the difference equation solution method to the cobweb, Keynesian and Bertrand models involving a single lag	Synchronous- lms.toros.edu.tr
15	Problem sets	Synchronous- lms.toros.edu.tr
16	Online Final Exam

Course Syllabus

#	Material / Resources	Information About Resources	Reference / Recommended Resources
1
2

Method of Assessment

#	Weight	Work Type	Work Title
1	40%	Mid-Term Exam	Mid-term Exam
2	60%	Final Exam	Final Exam

Relationship between Learning Outcomes of Course and Program Outcomes

#	Learning Outcomes	Program Outcomes	Method of Assessment
1		1͵2
2		6͵7
3		12͵13͵14
4		7͵8͵9

PS. The numbers, which are shown in the column Method of Assessment, presents the methods shown in the previous table, titled as Method of Assessment.

Work Load Details

#	Type of Work	Quantity	Time (Hour)	Work Load
1	Course Duration	14	3	42
2	Course Duration Except Class (Preliminary Study, Enhancement)	14	3	42
3	Presentation and Seminar Preparation	0	0	0
4	Web Research, Library and Archival Work	0	0	0
5	Document/Information Listing	0	0	0
6	Workshop	0	0	0
7	Preparation for Midterm Exam	1	24	24
8	Midterm Exam	1	3	3
9	Quiz	0	0	0
10	Homework	0	0	0
11	Midterm Project	0	0	0
12	Midterm Exercise	0	0	0
13	Final Project	0	0	0
14	Final Exercise	0	0	0
15	Preparation for Final Exam	1	36	36
16	Final Exam	1	3	3
				150