Course Code and name

 

 EKO 655 Mathematical Economics

Course Type

 

Compulsory

Course Credit

 

3

ECTS Credit

 

 

Lecturer

 

Assoc. Prof. Arzu Akkoyunlu Wigley

Pre-requisite(s)

None

Course Length

 

1 semester

Course Content

First order difference equation, first order differential equation, second order difference equation, second order differential equation, differential and difference equation system, dynamic optimisation.

 

Course Objective and Fulfillments to be obtained by Students

 

The aim of the course is to give students an in-depth understanding of the techniques used in the dynamic economic theory and ensure students can apply these techniques to a wide range of economic problems. By the end of the course the students should:

  • fully comprehend the differential, difference equations and dynamic optimisation.
  • be able to work with abstract logical arguments.
  • be able to apply the  mathematical techniques to a diverse range of economic problems such as economic growth, pricing behavior in different markets. 

References

 

Chiang, C.A and Wainwright, K (2005), Fundamental Methods of Mathematical Economics, McGraw-Hill International Editions

 

Chiang, C.A (1992),Elements of Dynamic Optimization, McGraw-Hill International Editions

 

Klein, M.W (2002), Mathematical Methods for Economics, Second Edition, Pearson Education

 

Teaching Method

 

 Lecturing and active participation

Assessment Method

   2 midterm exams and 1 final exam

Instruction Language

 English