Course detail

Econometrics

FP-RekoKAcad. year: 2010/2011

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

Czech

Number of ECTS credits

4

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 applicable.

Planned learning activities and teaching methods

Teaching methods depend on the type of course unit as specified in the article 7 of BUT Rules for Studies and Examinations.

Assesment methods and criteria linked to learning outcomes

Conditions for awarding classified course-unit credits:
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

Topics 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,
-

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.

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 (CS)

Recommended reading

Not applicable.

Classification of course in study plans

  • Programme MGR-KS Master's

    branch MGR-ŘEP-KS , 1. year of study, winter semester, elective

Type of course unit

 

Lecture

26 hours, optionally

Teacher / Lecturer

prof. RNDr. Ivan Mezník, CSc.