GAZI UNIVERSITY INFORMATION PACKAGE - 2019 ACADEMIC YEAR

COURSE DESCRIPTION
APPLICATIONS OF MATHEMATICS IN ECONOMICS/MAT- 445
Course Title: APPLICATIONS OF MATHEMATICS IN ECONOMICS
Credits 3 ECTS 5
Semester 7 Compulsory/Elective Elective
COURSE INFO
 -- LANGUAGE OF INSTRUCTION
   Turkish
 -- NAME OF LECTURER(S)
   Assoc.Prof. Cüneyt ÇEVİK
 -- WEB SITE(S) OF LECTURER(S)
   websitem.gazi.edu.tr/site/ccevik
 -- EMAIL(S) OF LECTURER(S)
   ccevik@gazi.edu.tr
 -- LEARNING OUTCOMES OF THE COURSE UNIT
To establish of equations and inequations as recognized mathematical models in solving business problems by systematic approach
To bring solutions to business problems by using mathematical tecniques
To analyze zero profit and market equilibrium point by examining income, total cost, profit, demand and supply functions
To obtain knowledge about the market models
To model and analyze of economic relationships using differential and integral
Using a multivariate functions for business problems
To calculate current and future value of an investment and calculate the current and future value of periodic payments or the return
To model and analyze of economic relations by using matrix
To develop quantitative thinking skills with mathematical models
To gain the habit of solving problem
 -- MODE OF DELIVERY
   The mode of delivery of this course is face to face
 -- PREREQUISITES AND CO-REQUISITES
   There is no prerequisite or co-requisite for this course
 -- RECOMMENDED OPTIONAL PROGRAMME COMPONENTS
   There is no recommended optional programme component for this course
 --COURSE CONTENT
1. Week   Introducing the concepts of marginal revenue and marginal cost of using derivatives
2. Week   Simple interest, arithmetic arrays, compound interest, current and future value of an investment
3. Week   Annuities, geometric series, current and future value of annuities
4. Week   Continuity, continuous compound interest
5. Week   The demand elasticity, producer and consumer surplus by using integral
6. Week   Linear programming
7. Week   Economic applications of the matrix
8. Week   Mid-Term Exam
9. Week   Business and economics applications of partial derivatives
10. Week   Marginal demand, problems related to substitution and complementary goods
11. Week   Cobb-Douglas production function, marginal productivity
12. Week   Several market models
13. Week   Business applications of Euler's Theorem
14. Week   Maximization and minimization of more than two-variable functions
15. Week   The method of Lagrange multipliers
16. Week   Final Exam
 -- RECOMMENDED OR REQUIRED READING
   E.Balaban, Basic Mathematics and Business Applications; M.Y.Tulunay, Business Mathematics; A.C.Chiang, Fundamental Methods of Mathematical Economics
 -- PLANNED LEARNING ACTIVITIES AND TEACHING METHODS
   Lecture, Question & Answer, Demonstration, Drill - Practise
 -- WORK PLACEMENT(S)
  None
 -- ASSESSMENT METHODS AND CRITERIA
 
Quantity
Percentage
 Mid-terms
1
30
 Assignment
5
10
 Exercises
0
0
 Projects
0
0
 Practice
0
0
 Quiz
0
0
 Contribution of In-term Studies to Overall Grade  
40
 Contribution of Final Examination to Overall Grade  
60
 -- WORKLOAD
 Efficiency  Total Week Count  Weekly Duration (in hour)  Total Workload in Semester
 Theoretical Study Hours of Course Per Week
14
3
42
 Practising Hours of Course Per Week
14
0
0
 Reading
8
2
16
 Searching in Internet and Library
8
2
16
 Designing and Applying Materials
0
0
0
 Preparing Reports
5
5
25
 Preparing Presentation
0
0
0
 Presentation
0
0
0
 Mid-Term and Studying for Mid-Term
1
10
10
 Final and Studying for Final
1
15
15
 Other
0
0
0
 TOTAL WORKLOAD: 
124
 TOTAL WORKLOAD / 25: 
4.96
 ECTS: 
5
 -- COURSE'S CONTRIBUTION TO PROGRAM
NO
 PROGRAM LEARNING OUTCOMES
1
2
3
4
5
1To train individuals who are contemporary, entrepreneur and have unique and aesthetic values, self-confidence and capable of independent decision-making.X
2To give good education in the program fields as algebra, geometry, applied mathematics, topology and analysis in order to be equipped with enough mathematics.X
3To teach mathematical thinking methods in order to improve the ability to express mathematics both orally and in writing.X
4To train individuals who are knowledgeable about the history of mathematics and the production of scientific knowledge and can follow developments in these disciplines.X
5To provide necessary equipments to take positions such areas as banking, finance, econometrics, and actuarial.X
6To acquire ability to solve problems encountered in real life by means of mathematical modeling using mathematical methods.X
7To provide ability to do necessary resource researches in the areas of mathematics and to use accessed information.X
8To give appropriate training in such areas as in computer programming and creating algorithms in order to take parts in developing IT sector.X
9To gain substructure to be able to study at graduate level.X
10To enable the student to gain the ability of relating mathematics with the other sciences.X