Course detail
Econometrics
FP-RekoKAcad. year: 2011/2012
The aim of the subject is the modelling of economic processes (micro and macro) by means of exact means of current engineering mathematics to set up conditions for subsequent computerizing. It essentially contributes to the development of student´s ability to comprehend causal essence of economic interrelations and to perform economic analyses. The contents includes : demand and supply analysis; consumption and saving with the basic models of national economy; revenue, cost and profit analysis; production; elasticity of demand and supply; utility; optimization.
Language of instruction
Number of ECTS credits
Mode of study
Guarantor
Department
Learning outcomes of the course unit
Prerequisites
Co-requisites
Planned learning activities and teaching methods
Assesment methods and criteria linked to learning outcomes
Classified course-unit credit is awarded on condition of having submitted a written assignment containing at least 12 tasks:
Two tasks regarding each of the following topics: Supply and demand; Product and pension; Income, costs and profit; Production; Elasticity; Utility.
Tasks chosen for the assignment should be worked out at least at medium difficulty level (for this purpose it is possible to use example tasks contained at the end of each chapter in the textbook Econometrics for masters' study programme or other recommended materials). The assignment has to include detailed calculations, step-by-step solution, or explanation if necessary. The assignment has to be written in relevant formal style, and has to be hand-written (if appropriate, it is possible to use graphic output from PC).
Course curriculum
- basic principles of economic analysis and modelling,
- supply and demand,
- market equilibrium,
- consumptions and savings,
- models of national economy, IS-LM analysis,
- incomes, costs and profits,
- production,
- elasticity of demand of supply,
- utility,
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Topics of exercises:
- practising of topics discussed in lectures,
- working out of individual assignments.
Work placements
Aims
Specification of controlled education, way of implementation and compensation for absences
Recommended optional programme components
Prerequisites and corequisites
Basic literature
Mezník, I.:Úvod do matematické ekonomie pro ekonomy, FP VUT v Brně,Brno 2011 (CS)
Recommended reading
Classification of course in study plans
- Programme MGR-KS Master's
branch MGR-ŘEP-KS , 1 year of study, winter semester, elective