ECON476 INTRODUCTION TO MATHEMATICAL ECONOMICS

Course Code:3110476
METU Credit (Theoretical-Laboratory hours/week):3 (3.00 - 0.00)
ECTS Credit:6.0
Department:Economics
Language of Instruction:English
Level of Study:Undergraduate
Course Coordinator:Assist.Prof.Dr NİL İPEK ŞİRİKÇİ
Offered Semester:Fall or Spring Semesters.

Course Objectives

This course aims to provide the students with an understanding of the elements of dynamic analysis (integral calculus, difference equations, differential equations and dynamic optimization) and to introduce them to various economic models in which these methods are utilized.


Course Content

This course is the continuation of 3110 475. It is based on mathematical treatment of some topics in macroeconomics.


Course Learning Outcomes

At the end of the course, the students are expected to be able to apply the mathematical tools introduced to formulate and solve economic problems and to be able to use them in different economic contexts.


Program Outcomes Matrix

Level of Contribution
#Program Outcomes0123
1Use and develop skillfully economic concepts and theories, analyse economic behaviour and events by conceptualizing and evaluating via scientific methods (Has skills regarding theory and analysis)
2Evaluate how economic policies affect economic performance and how economic interest, relationship and interaction affect policy decisions (Knowledgeable about economic policies)
3Design and carry out studies regarding data collection, analysis and evaluation, that can be used in decision processes at every level (individual, firm, government, etc.)(Knowledgeable about quantitative and qualitative methods)
4Evaluate systematically and compare economic knowledge, phenomena and methodology; Develop critical, creative/innovative approaches to these (Critical, creative, innovative)
5Understand current economic phenomena and relevant political developments using information and data from various resources and provide multifaceted explanations (Concerned about current events)
6Follow developments in economic theory and methods; Be open to continuous learning (Open to continuous learning)
7Have skills to work independently and in a team (Individual and teamwork)
8Approach critically to economic and societal events and problems while being sensitive to social problems; Produce solutions to these problems by scientific approach; Share own thoughts (Sensitive to social problems)
9Communicate clearly, effectively and fluently (in English and Turkish) verbally and in writing, utilizing new technologies (Has effective communication skills)

0: No Contribution 1: Little Contribution 2: Partial Contribution 3: Full Contribution