Course details
Econometrics
EKO Acad. year 2017/2018 Winter semester 4 credits
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.
Guarantor
Language of instruction
Completion
Time span
- 26 hrs lectures
- 13 hrs exercises
Assessment points
- 100 pts final exam
Department
Subject specific learning outcomes and competences
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.
Learning objectives
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.
Prerequisite knowledge and skills
Basic course on mathematics completed within university study, basic course on microeconomics and macroeconomics.
Study literature
- 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
Fundamental literature
- Mezník, I.:Ekonometrie pro magisterské studijní programy. FP VUT v Brně v Akademickém nakladatelství CERM, s.r.o., Brno 2005
Syllabus of lectures
- 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
- optimalization of selected economic quantities
Syllabus of numerical exercises
practising of topics discussed in lectures, working out of individual assignments
Progress assessment
Study evaluation is based on marks obtained for specified items. Minimimum number of marks to pass is 50.
Controlled instruction
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.
Course inclusion in study plans