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FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES / ECONOMICS / IKT3017 - MATHEMATICAL ECONOMICS I
GENERAL INFORMATION ABOUT THE COURSE
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Course Objective
This course aims to improve students' ability to use mathematical techniques in economics.
Brief Content of the Course
Derivative and Derivation rules, Economic applications of derivative (marginal revenue, marginal cost, marginal product, elasticity, etc.), Economic applications of linear functions (supply and demand functions, market balance, elasticities, etc.), Economic applications of quadratic functions (supply and demand). functions, total product, total cost, average cost, profit functions, etc.), Economic applications of exponential and logarithmic functions (compound interest, derivatives, elasticities, etc.), Economic applications of linear equation systems (finding market balance, calculating national income, etc.). , Comparative static equilibrium analysis (increase in consumer income and change in balance, tax policy and change in market balance, linear equations and macroeconomic balance, etc.)
Prerequisites
Course Objectives
Course Objectives
1
Working with mathematical methods used in economic theory.
2
Gaining analytical questioning skills
3
Expressing concepts in economics mathematically
4
Applying the tools of mathematical analysis to economic problems
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