Title:

Econometrics

Code:EKO (FP FekoP)
Ac.Year:2017/2018 (Not opened)
Term:Winter
Curriculums:
ProgrammeBranchYearDuty
IT-MSC-2MMI-Elective
Language:Czech
Credits:4
Completion:examination
Type of
instruction:
Hour/semLecturesSem. ExercisesLab. exercisesComp. exercisesOther
Hours:2613000
 ExaminationTestsExercisesLaboratoriesOther
Points:1000000
Guarantee:Mezník Ivan, prof. RNDr., CSc., II
Lecturer:Mezník Ivan, prof. RNDr., CSc., II
Faculty:Faculty of Business and Management BUT
 
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.
Description:
  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.
Knowledge and skills required for the course:
  Basic course on mathematics completed within university study, basic course on microeconomics and macroeconomics.
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.
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
Progress assessment:
  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.