| Course Unit Code | Course Unit Title | Type of Course Unit | Year of Study | Semester | Number of ECTS Credits | | 140400106104 | MATHEMATICAL ECONOMICS | Elective | 3 | 6 | 4 |
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| Level of Course Unit |
| First Cycle |
| Objectives of the Course |
| A course on "Mathematical Economics" aims to give students necessary analytical tools and skills of Mathematics that help to understand and solve economic models like market model, national income model, etc. |
| Name of Lecturer(s) |
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| Learning Outcomes |
| 1 | To be able to determine the endogenous and exogenous variables of economic models. | | 2 | To be able to determine the endogenous and exogenous variables of economic models. | | 3 | To be able to solve the equation systems for the equilibrium analysis. | | 4 | To be able to solve the equation systems for the equilibrium analysis. | | 5 | To be able to use matrix algebra in order to solve the linear equation systems. | | 6 | To be able to use matrix algebra in order to solve the linear equation systems. | | 7 | Learn the use of differentiation techniques for the comparative static analysis. | | 8 | Learn the use of differentiation techniques for the comparative static analysis. | | 9 | To be able to determine the optimum values of an economic variable in non-constraint and constraint cases. | | 10 | To be able to determine the optimum values of an economic variable in non-constraint and constraint cases. |
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| Mode of Delivery |
| Daytime Class |
| Prerequisites and co-requisities |
| NONE |
| Recommended Optional Programme Components |
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| Course Contents |
| Equilibrium analysis, linear models and matrix algebra, rules of differentiation and their use in comparative statics, optimization problems. |
| Weekly Detailed Course Contents |
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| 1 | Chapter 1 & Chapter 2: The Nature of Mathematical Economics & Economic Models | | | | 2 | Chapter 3: Equilibrium Analysis in Economics | | | | 3 | Chapter 3: Equilibrium Analysis in Economics | | | | 4 | Chapter 4: Linear Models and Matrix Algebra | | | | 5 | Chapter 4: Linear Models and Matrix Algebra | | | | 6 | Chapter 5: Linear Models and Matrix Algebra (continued) | | | | 7 | Chapter 5: Linear Models and Matrix Algebra (continued) | | | | 8 | | | | | 9 | Chapter 7: Rules of Differentiation and Their Use in Comparative Statistics | | | | 10 | Chapter 7: Rules of Differentiation and Their Use in Comparative Statistics | | | | 11 | Chapter 9: Optimization: A Special Variety of Equilibrium Analysis | | | | 12 | Chapter 9: Optimization: A Special Variety of Equilibrium Analysis | | | | 13 | Chapter 12: Optimization with Equality Constraints | | | | 14 | Chapter 12: Optimization with Equality Constraints | | |
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| Recommended or Required Reading |
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| Planned Learning Activities and Teaching Methods |
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| Assessment Methods and Criteria | |
| Midterm Examination | 1 | 100 | | SUM | 100 | |
| Final Examination | 1 | 100 | | SUM | 100 | | Term (or Year) Learning Activities | 40 | | End Of Term (or Year) Learning Activities | 60 | | SUM | 100 |
| | Language of Instruction | | | Work Placement(s) | |
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| Workload Calculation |
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| Midterm Examination | 1 | 1 | 1 |
| Final Examination | 1 | 1 | 1 |
| Self Study | 14 | 8 | 112 |
| Individual Study for Mid term Examination | 1 | 1 | 1 |
| Individual Study for Final Examination | 1 | 1 | 1 |
| Homework | 1 | 5 | 5 |
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| Contribution of Learning Outcomes to Programme Outcomes |
| LO1 | 3 | 4 | 4 | 3 | 3 | 3 | 4 | 3 | 4 | 3 | 3 | 2 | 4 | 3 | 3 | 3 | 3 | | LO2 | 3 | 3 | 3 | 3 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 3 | 4 | 3 | 4 | | LO3 | 4 | 5 | 4 | 4 | 4 | 4 | 3 | 4 | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 4 | 3 | | LO4 | 4 | 3 | 3 | 4 | 3 | 3 | 4 | 3 | 4 | 4 | 4 | 3 | 4 | 3 | 4 | 3 | 3 | | LO5 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 4 | 3 | 4 | 3 | 3 | 3 | 3 | 3 | | LO6 | | | | | | | | | | | | | | | | | | | LO7 | | | | | | | | | | | | | | | | | | | LO8 | | | | | | | | | | | | | | | | | | | LO9 | | | | | | | | | | | | | | | | | | | LO10 | | | | | | | | | | | | | | | | | |
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| * Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High |
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Iğdır University, Iğdır / TURKEY • Tel (pbx): +90 476
226 13 14 • e-mail: info@igdir.edu.tr
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