ECO1161 Mathematics for Social Sciences IBahçeşehir UniversityDegree Programs INTERNATIONAL FINANCEGeneral Information For StudentsDiploma SupplementErasmus Policy StatementNational QualificationsBologna Commission
INTERNATIONAL 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
ECO1161 Mathematics for Social Sciences I Fall 3 0 3 8

Basic information

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.

Learning Outcomes

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

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.

Weekly Detailed Course Contents

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

Sources

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

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
Quizzes 2 40 80
Final 1 26 26
Total Workload 190

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) 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