Course detail

Econometrics

FIT-EKOAcad. year: 2017/2018

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.

Language of instruction

Czech

Number of ECTS credits

4

Mode of study

Not applicable.

Guarantor

prof. RNDr. Ivan Mezník, CSc.

Department

Faculty of Business and Management (FP)

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 applicable.

Planned learning activities and teaching methods

Not applicable.

Assesment methods and criteria linked to learning outcomes

Study evaluation is based on marks obtained for specified items. Minimimum number of marks to pass is 50.

Course curriculum

    Syllabus of lectures:
    1. basic principles of economic analysis and modelling
    2. supply and demand
    3. market equilibrium
    4. consumptions and savings
    5. models of national economy
    6. IS-LM analysis
    7. incomes, costs and profits
    8. production
    9. elasticity of demand of supply
    10. utility
    11. optimalization of selected economic quantities

    Syllabus of numerical 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

Mezník, I.:Ekonometrie pro magisterské studijní programy. FP VUT v Brně v Akademickém nakladatelství CERM, s.r.o., Brno 2005

Recommended reading

Chvátalová, Z. Individuální pracovní listy + internetové odkazy v rámci aktualizace a inovace předmětu. Mezník, I.:Úvod do matematické ekonomie pro ekonomy, FP VUT v Brně, Brno 2011 Chvátalová, Z. Malý Maple manuál.[online]. Dostupné z: http://www.maplesoft.cz/wp-content/uploads/2014/05/manual_chvatalova.pdf

Classification of course in study plans

  • Programme IT-MSC-2 Master's

    branch MMI , 0 year of study, winter semester, elective

Type of course unit

 

Lecture

26 hod., optionally

Teacher / Lecturer

prof. RNDr. Ivan Mezník, CSc.

Syllabus

  1. basic principles of economic analysis and modelling
  2. supply and demand
  3. market equilibrium
  4. consumptions and savings
  5. models of national economy
  6. IS-LM analysis
  7. incomes, costs and profits
  8. production
  9. elasticity of demand of supply
  10. utility
  11. optimalization of selected economic quantities

Fundamentals seminar

13 hod., optionally

Teacher / Lecturer

prof. RNDr. Ivan Mezník, CSc.

Syllabus

practising of topics discussed in lectures, working out of individual assignments