Course detail

Applied Econometrics

ÚSI-2SAAEAcad. year: 2018/2019

The course is a follow-up to the microeconomics and macroeconomics from previous studies and has a synthesizing role between them with use of mathematics to the potential for subsequent computerization. The emphasis is on mathematical modelling basic economic laws. The course consists of analysis of demand and supply, income, expenses and profits, elasticity, production, utility and national income.

Language of instruction

Czech

Number of ECTS credits

4

Mode of study

Not applicable.

Guarantor

prof. RNDr. Ivan Mezník, CSc.

Department

Institute of Forensic Engineering (ÚSI)

Learning outcomes of the course unit

Students will obtain a special expert knowledge and skills in exact methods of description of causal relations in economic phenomena.

Prerequisites

This course assumes prior (bachelor) knowledge of macroeconomics, microeconomics and mathematics.

Co-requisites

Not applicable.

Planned learning activities and teaching methods

Teaching is carried out through lectures and seminars. Lectures consist of interpretations of basic principles, methodology of given discipline, problems and their exemplary solutions. Seminars particularly support practical mastery of subject matter presented in lectures or assigned for individual study with the active participation of students.

Assesment methods and criteria linked to learning outcomes

Conditions for awarding course-unit marked credits:
- active participation in seminars where the attendance is compulsory,
- fulfilling of control tests (course unit test),
- independent elaboration of the set term work and its prezentation.

Course curriculum

1. Basic concepts and resources
2. Basic concepts and resources
3. Demand and supply
4. Demand and supply
5. Income, expenses, profit
6. elasticity
7. elasticity
8. production
9. production
10. usefulness
11. usefulness
12. national income
13. national income

Work placements

Not applicable.

Aims

Study aim of this course is to gain knowledge and skills in the mathematical description of the model of supply and demand, revenue and cost analysis, production, utility and national economies.

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

Attendance at seminars will be continuously checked. It is student’s responsibility to present his/her semestral work.

Recommended optional programme components

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

Mezník, I., Úvod do matematické ekonomie pro ekonomy. Akademické nakladatelství CERM s.r.o. Brno, Brno 2012

Recommended reading

Mezník, I., Ekonometrie pro magisterské studijní programy. Akademické nakladatelství CERM.s.r.o. Brno, Brno 2005
Chiang, A.C., Fundamenthal methods of mathematical economics. McGraw-Hill, New York 1984

Classification of course in study plans

  • Programme MRzI Master's

    branch REZ , 1. year of study, winter semester, compulsory
    branch RSZ , 1. year of study, winter semester, compulsory
    branch RFI , 1. year of study, winter semester, compulsory
    branch RSK , 1. year of study, winter semester, compulsory
    branch RIS , 1. year of study, winter semester, compulsory
    branch RCH , 1. year of study, winter semester, compulsory

Type of course unit

 

Lecture

26 hours, optionally

Teacher / Lecturer

prof. RNDr. Ivan Mezník, CSc.

Exercise

13 hours, compulsory

Teacher / Lecturer

prof. RNDr. Ivan Mezník, CSc.