Undergraduate
Faculty of Economic and Administrative Sciences
Economics
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Economics Main Page / Program Curriculum / Quantitative Methods for Economists I

Quantitative Methods for Economists I

Course CodeSemester Course Name LE/RC/LA Course Type Language of Instruction ECTS
IKT1001 1 Quantitative Methods for Economists I 2/2/0 CC Turkish 5
Course Goals
The main objective of this course is to enhance the matematical background of students and to show nexus between mathematics and economics. In addition, this course aims to introduce the basic economic elements and quantitative methods for economic analysis 
Prerequisite(s) None
Corequisite(s) None
Special Requisite(s) None
Instructor(s) Assoc. Prof. Deniz Dilara Dereli, Arş. Gör. İsmail Ertek, Arş. Gör. Aras Yolusever
Course Assistant(s) Arş. Gör. İsmail Ertek & Arş. Gör. Aras Yolusever
Schedule Monday 11:00 - 12:50 / BK L-02 Thursday 09:00 - 10:50 / BK Z-02
Office Hour(s) i.ertek@iku.edu.tr a.yolusever@iku.edu.tr
Teaching Methods and Techniques Lecture, Discussion, Applying and Practice

 
Principle Sources 1. Anadolu Üniversitesi. Matematiksel İktisat.

2. The course notes prepared by lecturer:

 

Other Sources  1. Ekonomik Analiz için Temel Matematik (2004)

KNUT SYDSAETER & PETER HAMMOND

Editör: Erdinç Telatar

Çeviren: Mubariz Hassanov, Burak Doğan

Turhan Kitabevi

Course Schedules
Week Contents Learning Methods
1. Week Introductory Topics 1: Algebra Lecture / Discussion / Exercise
2. Week Introductory Topics 2: Equations Lecture / Discussion / Exercise
3. Week Functions of One Variable 1 Lecture / Discussion / Exercise
4. Week Functions of One Variable 2 Lecture / Discussion / Exercise
5. Week Properties of Functions Lecture / Discussion / Exercise
6. Week Definition of Differentiation Lecture / Discussion / Exercise
7. Week Rules for Differentiation 1 Lecture / Discussion / Exercise
8. Week Midterm Exam Week Assessment
9. Week Midterm Exam Week Assessment
10. Week Rules for Differentiation 2 Lecture / Discussion / Exercise
11. Week Economic Applications of Differentiation 1 Lecture / Discussion / Exercise
12. Week Economic Applications of Differentiation 2 Lecture / Discussion / Exercise
13. Week Review Lecture and Applications Lecture / Discussion / Exercise
14. Week Review Lecture and Applications Lecture / Discussion / Exercise
15. Week Final Exam Week Assessment
16. Week Final Exam Week Assessment
17. Week Final Exam Week Assessment
Assessments
Evaluation tools Quantity Weight(%)
Midterm(s) 1 20
Quizzes 1 20
Homework / Term Projects / Presentations 1 20
Final Exam 1 40


Program Outcomes
PO-1To define his/her competencies using the theoretical and practical knowledge he/she acquired in the field of Economics and to use these competencies in practice.
PO-2To discuss concepts and ideas in the field of Economics with scientific methods, to develop hypotheses, to interpret and evaluate the data obtained.
PO-3To develop solution suggestions for complex and/or unpredictable problems encountered in practice, to report and present these suggestions in accordance with the academic publication rules.
PO-4To identify regional and global issues/problems, to perform analyses based on scientific data and research, and to develop solution suggestions.
PO-5To determine the learning needs in the field of Economics, to evaluate the acquired knowledge and skills with a critical approach, and to use this knowledge and skills to develop economic policies.
PO-6To inform relevant people and institutions on issues related to the field of Economics and to gain the ability to convey written and verbal solutions to problems.
PO-7To convey his/her thoughts and suggestions in the field of Economics to experts and non-experts by supporting them with quantitative and qualitative data, to discuss and to contribute to the development of new policies by revising suggestions according to the feedback he/she receives.
PO-8To benefit from other disciplines that form the basis of the field of Economics, to develop multidisciplinary approaches by associating these disciplines with his/her knowledge in the field of Economics, to produce project and publications.
PO-9To define the differences and relationships between classical and modern theories of economics and to observe the distinctions between classical and modern economic policies and to evaluate the compatibility of these policies with economic and social issues.
PO-10To read and comprehend foreing news sources about economics being fluent in a foreign language, to scan the economic literature and to follow the most current approaches in this field.
PO-11To take into account scientific and ethical values in the stages of collecting, interpreting and announcing economic data and carrying out statistical/econometric studies using these data, and also to carry out the publication process in accordance with academic publishing principles.
Learning Outcomes
LO-1Defining the concept of partial/general equilibrium that is frequently discussed in the economics literature; analyzing the economic literature on these concepts.
LO-2Explaining the concepts of Supply/Demand; list the factors affecting supply and demand and solve mathematical supply-demand problems.
LO-3Defining the concepts of investment, saving, money supply and money demand; making sense of these concepts, obtaining all of them through graphics; evaluating the differencebetween general balance and imbalance situations.
LO-4Explaining macroeconomic indicators at basic level; calculate and interprets current economic indicators using the net present value method.
LO-5Explaining the basic assumptions of Input-Output analysis; calculate the national income of countries through input-output tables; Analyze economies with the Cramer Method using matrices and determinants, compare and interpret the results.
Course Assessment Matrix:
Program Outcomes - Learning Outcomes Matrix
 PO 1PO 2PO 3PO 4PO 5PO 6PO 7PO 8PO 9PO 10PO 11
LO 1
LO 2
LO 3
LO 4
LO 5