ECONOMICS AND FINANCE
Bachelor	TR-NQF-HE: Level 6	QF-EHEA: First Cycle	EQF-LLL: Level 6

Course Introduction and Application Information

Course Code	Course Name	Semester	Theoretical	Practical	Credit	ECTS
ECO2066	Mathematics for Economics	Spring	3	0	3	6

Basic information

Language of instruction:	English
Type of course:	Must Course
Course Level:	Bachelor’s Degree (First Cycle)
Mode of Delivery:	Hybrid
Course Coordinator :	Assoc. Prof. KAAN İRFAN ÖĞÜT
Course Objectives:	Aim of this course is to teach methods of difference equations for dynamic analysis, multivariable calculus, unconstraint, constraint and intertemporal optimization techniques are required by micro and macro economic analysis.

Learning Outcomes

The students who have succeeded in this course;
1. Learn solving methods of difference equations.
2.Learn methods of multivariable calculus, unconstraint, constraint and intertemporal optimization techniques required by micro and macro economic analysis.
3. Apply these methods on mico and macro economic analysis.
4. Select proper methods for new problems and solve them.

Course Content

After difference equations as a method for dynamic analysis, unconstrained optimization method and its application in economics, constrained and temporal optimization techniques will be learned.

Weekly Detailed Course Contents

Week	Subject	Related Preparation
1)	Linear Functions and Linear Equation Systems in Economics	Chiang - Wainwright Fundamental Methods of Mathematical Economics and Lecture Notes
2)	Linear Functions and Linear Equation Systems in Economics	Chiang - Wainwright. Fundamental Methods of Mathematical Economics and Lecture Notes
3)	Applications of Geometric Series in Economics	Chiang - Wainwright. Fundamental Methods of Mathematical Economics and Lecture Notes
4)	Applications of Geometric Series in Economics	Chiang - Wainwright. Fundamental Methods of Mathematical Economics and Lecture Notes
5)	Nonlinear Functions in Economics and Differential Calculus	Chiang - Wainwright. Fundamental Methods of Mathematical Economics and Lecture Notes
6)	Optimization on Single Variable Functions and Economic Applications	Chiang - Wainwright. Fundamental Methods of Mathematical Economics and Lecture Notes
7)	Multivariable Functions and Economic Applications	Chiang - Wainwright. Fundamental Methods of Mathematical Economics and Lecture Notes
8)	Optimizations on Multivariable Functions and Economic Applications	Chiang - Wainwright. Fundamental Methods of Mathematical Economics and Lecture Notes
9)	Optimizations on Multivariable Functions and Economic Applications	Chiang - Wainwright. Fundamental Methods of Mathematical Economics and Lecture Notes
10)	Constained Optimizations on Multivariable Functions and Economic Applications	Chiang - Wainwright. Fundamental Methods of Mathematical Economics and Lecture Notes
11)	Constained Optimizations on Multivariable Functions and Economic Applications	Chiang - Wainwright. Fundamental Methods of Mathematical Economics and Lecture Notes
12)	Intertemporal Optimization and Economic Applications	Chiang - Wainwright. Fundamental Methods of Mathematical Economics and Lecture Notes
13)	Integral Calculus and Economic Applications	Chiang - Wainwright. Fundamental Methods of Mathematical Economics and Lecture Notes
14)	Integral Calculus and Economic Applications	Chiang - Wainwright. Fundamental Methods of Mathematical Economics and Lecture Notes

Sources

Course Notes / Textbooks:	Alpha C. Chiang - Kevin Wainwright. Fundamental Methods of Mathematical Economics. McGraw-Hill Education. (2005)
References:

Evaluation System

Semester Requirements	Number of Activities	Level of Contribution
Midterms	1	% 40
Final	1	% 60
Total		% 100
PERCENTAGE OF SEMESTER WORK		% 40
PERCENTAGE OF FINAL WORK		% 60
Total		% 100

ECTS / Workload Table

Activities	Number of Activities	Duration (Hours)	Workload
Course Hours	14	3	42
Study Hours Out of Class	14	3	42
Midterms	1	30	30
Final	1	36	36
Total Workload			150

Contribution of Learning Outcomes to Programme Outcomes

No Effect	1 Lowest	2 Low	3 Average	4 High	5 Highest

	Program Outcomes	Level of Contribution
1)	Build up a body of knowledge in mathematics and statistics, to use them, to understand how the mechanism of economy –both at micro and macro levels – works.	5
2)	Understand the common as well as distinctive characters of the markets, industries, market regulations and policies.	2
3)	Develop an awareness of different approaches to the economic events and why and how those approaches have been formed through the Economic History and understand the differences among those approaches by noticing at what extent they could explain the economic events.	1
4)	Analyze the interventions of politics to the economics and vice versa.	1
5)	Apply the economic analysis to everyday economic problems and evaluate the policy proposals for those problems by comparing opposite approaches.	2
6)	Understand current and new economic events and how the new approaches to the economics are formed and evaluating.	2
7)	Develop the communicative skills in order to explain the specific economic issues/events written, spoken and graphical form.	4
8)	Know how to formulate the economics problems and issues and define the solutions in a well-formed written form, which includes the hypothesis, literature, methodology and results / empirical evidence.	4
9)	Demonstrate the quantitative and qualitative capabilities and provide evidence for the hypotheses and economic arguments.	5
10)	Understand the information and changes related to the economy by using a foreign language and communicate with colleagues.	3