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. |
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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. |
3 |
9) |
Demonstrate the quantitative and qualitative capabilities and provide evidence for the hypotheses and economic arguments. |
4 |
10) |
Understand the information and changes related to the economy by using a foreign language and communicate with colleagues. |
3 |