COURSE INFORMATION
Course Title: MATH. FOR ECONOMICS AND BUSINESS I
Code Course Type Regular Semester Lecture Recit. Lab Credits ECTS
BUS 101 A 1 - - - 4 5
Lecturer and Office Hours: Nihat Cengiz
Teaching Assistant(s) and Office Hours: -
Language: English
Compulsory/Elective: Compulsory
Classroom and Meeting Time: N/A
Course Description: Mathematics for Economics and Business I: The aim of the courses is that the student be familiar with a wide variety of mathematical concepts. 1. The rate of change of function, Equations for lines, Functions and graphs, absolute values, limits continuity. 2. Derivates. 3. Applications of derivatives. Curve Sketching, Maxima and Minima, The Eigen value theorem. 4. Integration, Indefinite Integrals, Definite Integrals, Applications of Definite Integrals. 5. Transcendental functions Inverse Functions, Exponential and Logarithmic Functions. 6. Mathematics of Finance. 7. Introduction to Probability and statistics.
Course Objectives: The aim of this course is to give the basic ingredients of mathematics for business and economics. Namely, functions, derivatives and differentials. Moreover, most of the models in economics appear in the form of linear models. An additional knowledge of linear algebra in an elementary level is required for that purpose.
COURSE OUTLINE
Week Topics
1 Numbers and algebra
2 Linear equations
3 Graphs of linear equations
4 Supply and demand analysis
5 Linear functions
6 Quadratic functions
7 Midterm Exam
8 Revenue cost and profit
9 Indices and logarithms
10 Exponential and logarithmic functions
11 Percentages
12 Compound Interest
13 Infinite sequences
14 Investment Appraisal
Prerequisite(s):
Textbook: Steven T. Karris (1994) Mathematics for Business, Science, and Technology, Orchard Publications, Istanbul. 1-E. F. Haeussler, Jr. and R. S. Paul (1999) Introductory Mathematical Analysis, Perentice-Hall Inc. New Jersey.
Other References:
Laboratory Work: N/A
Computer Usage: N/A
Others: No
COURSE LEARNING OUTCOMES
1 The acquisition of economic modelling techniques
2 The acquisition of analiytical analysis skills
3 To assist in various competitive examinations such as the Ministry of Education, and the Council of Higher Education examination after graduation.
COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES
(Blank : no contribution, 1: least contribution ... 5: highest contribution)
No Program Competencies Cont.
COURSE EVALUATION METHOD
Method Quantity Percentage
Midterm Exam(s)
1
35
Quiz
2
5
Final Exam
1
50
Attendance
5
Total Percent: 100%
ECTS (ALLOCATED BASED ON STUDENT WORKLOAD)
Activities Quantity Duration(Hours) Total Workload(Hours)
Course Duration (Including the exam week: 16x Total course hours) 4 16 64
Hours for off-the-classroom study (Pre-study, practice) 2 16 32
Mid-terms 1 12 12
Assignments
Final examination 1 16 16
Other 1 1 1
Total Work Load:
125
Total Work Load/25(h):
5
ECTS Credit of the Course:
5