GAZI UNIVERSITY INFORMATION PACKAGE - 2019 ACADEMIC YEAR

COURSE DESCRIPTION
APPLICATIONS OF MATHEMATICS IN ECONOMICS/MAT4015
Course Title: APPLICATIONS OF MATHEMATICS IN ECONOMICS
Credits 3 ECTS 5
Course Semester 7 Type of The Course Elective
COURSE INFORMATION
 -- (CATALOG CONTENT)
 -- (TEXTBOOK)
 -- (SUPPLEMENTARY TEXTBOOK)
 -- (PREREQUISITES AND CO-REQUISITES)
 -- LANGUAGE OF INSTRUCTION
  Turkish
 -- COURSE OBJECTIVES
 -- COURSE LEARNING OUTCOMES
The use of mathematical concepts in solving economic problems
Solving the economic problems by using mathematical techniques
Analysis of multivariate income, total cost, profit, demand and supply functions and mathematical analysis
Obtaining information about market models
Modeling and analysis of economic relations using derivative and integral
Ensuring the use of multivariable functions in business problems
Learning optimization techniques
Recognition of special production functions

 -- MODE OF DELIVERY
  The mode of delivery of this course is Face to face
 --WEEKLY SCHEDULE
1. Week  Introducing the concepts of marginal revenue and marginal cost using derivative
2. Week  Introducing the concepts of marginal revenue and marginal cost using derivative
3. Week  Demand elasticity
4. Week  Demand elasticity
5. Week  Business applications of derivative
6. Week  Integrator using producer and consumer surplus
7. Week  Integrator using producer and consumer surplus
8. Week  Business and economic applications of partial derivatives, Midterm exam
9. Week  Business and economic applications of partial derivatives
10. Week  Problems related to marginal demand, 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 functions with more than two variables. Lagrange multiplier method.
15. Week  
16. Week  
 -- TEACHING and LEARNING METHODS
 -- ASSESSMENT CRITERIA
 
Quantity
Total Weighting (%)
 Midterm Exams
1
30
 Assignment
1
10
 Application
0
0
 Projects
0
0
 Practice
0
0
 Quiz
0
0
 Percent of In-term Studies  
40
 Percentage of Final Exam to Total Score  
60
 -- WORKLOAD
 Activity  Total Number of Weeks  Duration (weekly hour)  Total Period Work Load
 Weekly Theoretical Course Hours
14
3
42
 Weekly Tutorial Hours
0
 Reading Tasks
0
 Searching in Internet and Library
0
 Material Design and Implementation
0
 Report Preparing
0
 Preparing a Presentation
0
 Presentation
0
 Midterm Exam and Preperation for Midterm Exam
10
4
40
 Final Exam and Preperation for Final Exam
7
6
42
 Other (should be emphasized)
0
 TOTAL WORKLOAD: 
124
 TOTAL WORKLOAD / 25: 
4.96
 Course Credit (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.
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
 -- NAME OF LECTURER(S)
   (Assoc. Prof. Cüneyt ÇEVİK , )
 -- WEB SITE(S) OF LECTURER(S)
   (http://www.websitem.gazi.edu.tr/site/ccevik)
 -- EMAIL(S) OF LECTURER(S)
   (ccevik@gazi.edu.tr )