Course Unit Code | Course Unit Title | Type of Course Unit | Year of Study | Semester | Number of ECTS Credits | 190400307105 | INSTITUTIONAL ECONOMICS | Elective | 4 | 7 | 4 |
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Level of Course Unit |
First Cycle |
Objectives of the Course |
To teach mathematical concepts and calculations used in the field of Commerce and Finance. |
Name of Lecturer(s) |
Dr. Öğr. Üyesi Duygu A. ÇÖLLÜ |
Learning Outcomes |
1 | To be able to explain the time value of money concepts | 2 | To be able to make profit calculations | 3 | To be able to make interest transactions and classify interest accounts | 4 | To perform discount transactions, to distinguish between internal and external discounts | 5 | To be able to prepare the debt depreciation table |
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Mode of Delivery |
Daytime Class |
Prerequisites and co-requisities |
No |
Recommended Optional Programme Components |
No |
Course Contents |
Basic Concepts, Time value of money.
Profit on cost and sales,
Percentage concept and simple percentage calculations
Inner percent and outer percent calculations.
Simple interest transactions, Simple discount transactions.
Compound interest transactions,
Compound discount transactions,
Midterm
Midterm
Equally consistent installments, delayed consistent installments, delayed installments.
Continuous installments, Continuous and delayed installments, Continuous and Quickly Installments
Debt Amortization: Undivided debt payment, Payment of debt in installments
Debt Amortization: Payment of Bonded Debts
Current accounts |
Weekly Detailed Course Contents |
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1 | Basic Concepts, Time value of money. | | | 2 | Calculations of profit on cost and sales | | | 3 | Percentage concept and simple percentage calculations | | | 4 | Inner percentage and outer percentage calculations | | | 5 | Simple interest transactions, Simple discount transactions | | | 6 | Compound interest transactions | | | 7 | Compound discount transactions | | | 8 | Midterm Exam | | | 9 | Equally consistent installments, delayed consistent installments, delayed installments | | | 10 | Continuous installments, Continuous and delayed installments, Continuous and Quickly Installments | | | 11 | Debt Amortization: Undivided debt payment, Payment of debt in installments | | | 12 | Debt Amortization: Payment of Bonded Debts | | | 13 | Current accounts | | | 14 | Final Exam | | |
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Recommended or Required Reading |
Basic Source:
Finance Mathematics, (1998), Zehra Başkaya, Ekin Publishing House, Bursa.
Helpful Resources:
Finance Mathematics, (2009), Ramazan Aktaş and Friends, Gazi Bookstore, Ankara.
Commercial Mathematics, (2003), Zehra Başkaya, Ekin Publishing House, Bursa. |
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 | Turkish | Work Placement(s) | No |
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Workload Calculation |
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Midterm Examination | 1 | 1 | 1 |
Final Examination | 1 | 1 | 1 |
Attending Lectures | 12 | 3 | 36 |
Individual Study for Mid term Examination | 5 | 6 | 30 |
Individual Study for Final Examination | 8 | 8 | 64 |
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Contribution of Learning Outcomes to Programme Outcomes |
LO1 | 3 | 2 | | | | | | | | | | | | 4 | LO2 | 3 | 3 | | | | | | | | | | | | 5 | LO3 | 3 | 3 | | | | | | | | | | | | 5 | LO4 | 3 | 3 | | | | | | | | | | | | 4 | LO5 | 3 | 3 | | | | | | | | | | | | 5 |
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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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