INTERNATIONAL FINANCE | |||||
Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 |
Course Code | Course Name | Semester | Theoretical | Practical | Credit | ECTS |
ECO1161 | Mathematics for Social Sciences I | Fall | 3 | 0 | 3 | 8 |
Language of instruction: | English |
Type of course: | Must Course |
Course Level: | Bachelor’s Degree (First Cycle) |
Mode of Delivery: | Hybrid |
Course Coordinator : | Dr. Öğr. Üyesi DİLA ASFUROĞLU |
Recommended Optional Program Components: | None |
Course Objectives: | The goal of this course is to provide the basic Mathematical tools and foundations for undergraduate students of Political Science, Business Administration, Economics and Finance at an introductory level and to prepare them for more advanced studies. |
The students who have succeeded in this course; 1. Acquire basic knowledge in fundamental mathematical techniques and understand how mathematics is used in social sciences. 2. Repeat the concept and properties of real numbers, remembers simple algebraic issues such as factorization, systems of linear equations and linear inequalities, classify numbers and make calculations with exponents and radicals. 3. Define quadratic equations, inequalities and their graphs, develop and model situations described by linear or quadratic equations and solve them. 4. Understand linear, hyperbolic, exponential and logarithmic functions and find composite and inverse functions; sketch the graphs of specific functions and find symmetry, reflection and rotations in Cartesian coordinates. 5. Solve systems by describing equilibrium and break-even points; define economic relationships as single variable functions, like demand, supply, price, revenue, cost and profit. 6. Compute simple interest using the simple interest formula, compound and continuous compound interest; and the future value of an annuity; develop a strategy for solving finance problems using mathematics. 7. Calculate matrix operations, find inverse of a matrix and solve systems of linear equations using matrix equations. |
Course content mainly includes topics from high school algebra; such as exponentials, radicals, equations, inequalities, functions, logarithms and etc. The basic philosophy of the course is first to introduce the topics and then practice on them. The course is designed such that students taking this course will have the necessary mathematical equipment and use quantitative research methods. |
Week | Subject | Related Preparation |
1) | ||
2) | Applications and More Algebra | |
3) | Applications and More Algebra | |
4) | Functions and Graphs | |
5) | Functions and Graphs | |
6) | Lines, Parabolas, and Systems | |
7) | Lines, Parabolas, and Systems | |
8) | Exponential and Logarithmic Functions | |
9) | Exponential and Logarithmic Functions | |
10) | Mathematics of Finance | |
11) | Mathematics of Finance | |
12) | Matrix Algebra | |
13) | Matrix Algebra | |
14) | Matrix Algebra |
Course Notes / Textbooks: | Introductory Mathematical Analysis, by Ernest F. Haeussler, Richard S. Paul, Richard J. Wood 13th ed. (or 14th ed.) (IMA). |
References: | https://www.statlearning.com |
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 |
Activities | Number of Activities | Duration (Hours) | Workload |
Course Hours | 14 | 3 | 42 |
Study Hours Out of Class | 14 | 3 | 42 |
Quizzes | 2 | 40 | 80 |
Final | 1 | 26 | 26 |
Total Workload | 190 |
No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
Program Outcomes | Level of Contribution | |
1) | To correctly identify the problems and to be able to ask the correct questions | 2 |
2) | To have the ability for problem solving and to utilize analytical approach in dealing with the problems of finance | 4 |
3) | To understand and grasp the full details of theoretical arguments and counter arguments | 4 |
4) | To be fully prepared for a graduate study in finance and to have lifelong learning awareness | 3 |
5) | To be able to apply theoretical principles of finance to the realities of practical business life | 1 |
6) | To develop solutions for managerial problems by understanding the requirements of international financial markets | 2 |
7) | To think innovatively and creatively in complex situations | 2 |
8) | To be able to make decisions both locally and internationally by knowing the effects of globalization on business and social life | 1 |
9) | To have the competencies of the digital age and to use the necessary financial applications | 2 |
10) | To be able to use at least one foreign language both for communication and academic purposes | 1 |
11) | To understand the importance of business ethics and to take decisions by knowing the legal and ethical consequences of their activities in the academic world and business life | 1 |
12) | To develop an objective criticism in business and academic life and having a perspective to self-criticize | 1 |