Course detail

Econometrics

FP-VekoPAcad. year: 2013/2014

The subject deals with the modelling of economic processes (micro and macro) by means of exact means of current engineering mathematics to set up conditions for subsequent computerizing. The contents includes : demand and supply analysis; revenue, cost and profit analysis; elasticity of demand and supply;production;utility; accounting of national income.

Language of instruction

Czech

Number of ECTS credits

7

Mode of study

Not applicable.

Guarantor

prof. RNDr. Ivan Mezník, CSc.

Department

Institute of Informatics (ÚI)

Learning outcomes of the course unit

Acquired knowledge and practical skills will be applied to modelling dependencies of factors relating to economic phenomena, explaining their relations and solving problems of microeconomic and macroeconomic environment by with simple mathematical methods.

Prerequisites

Basic course on mathematics completed within university study, basic course on microeconomics and macroeconomics.

Co-requisites

Not applied.

Planned learning activities and teaching methods

Instructing is divided into lectures and exercises. Lectures are focused on the theory referring to applications, exercises on practical calculations and solving of application tasks.

Assesment methods and criteria linked to learning outcomes

Conditions for awarding course-unit marked credits:
- active participation in seminars where the attendance is compulsory,
- working out of a semester project and its presentation,
- completion of short partial written test marked at least with grade "E".

Course curriculum

Topics of lectures:
- basic principles of economic analysis and modelling,
- supply and demand,
- market equilibrium,
- consumptions and savings,
- incomes, costs and profits,
- production,
- elasticity of demand of supply,
- utility,
- national income.

Topics of exercises:
- practising of topics discussed in lectures,
- working out of individual assignments.

Work placements

Not applicable.

Aims

The aim of the course is to deal in more detail with the causal substance of economic relations, and to develop abilities and skills necessary to express economic relations by exact means and consequently carry out their analyses.

Specification of controlled education, way of implementation and compensation for absences

Attendance at lectures is not controlled. Attendance at exercises (seminars) is compulsory and is regularly checked. A student is obliged to give reasons for his/her absence. If the teacher accepts the reason for the absence (which is completely under his/her competence), he/she will decide about the form of the compensation for the missed lessons.

Recommended optional programme components

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

GUJARATI, Damodar N, PORTER, Dawn C. Basic econometrics. 5. vyd. Boston: McGraw-Hill, 2009. 922s. ISBN 978-0-07-127625. (EN)
HUŠEK, R. Ekonometrická analýza. 1.vyd. Praha: Oeconomica, 2007. 368s. ISBN 978-80-245-1300-3. (CS)
KOOP, G. Introduction to econometrics. Chichester: John Wiley & Sons, 2008. 371s. ISBN 978-0-470-03270. (EN)

Recommended reading

Not applicable.

Classification of course in study plans

  • Programme BAK-KME Bachelor's

    branch BAK-MME , 3 year of study, summer semester, compulsory

Type of course unit

 

Lecture

26 hod., optionally

Teacher / Lecturer

prof. RNDr. Ivan Mezník, CSc.

Exercise

26 hod., compulsory

Teacher / Lecturer

prof. RNDr. Ivan Mezník, CSc.