PMKE Quantitative economy

Faculty of Economics and Administration
Autumn 2008
Extent and Intensity
2/2/0. 6 credit(s). Type of Completion: zk (examination).
Teacher(s)
doc. Ing. Daniel Němec, Ph.D. (lecturer)
doc. Ing. Daniel Němec, Ph.D. (seminar tutor)
Guaranteed by
RNDr. Dalibor Moravanský, CSc.
Department of Economics – Faculty of Economics and Administration
Contact Person: Lydie Pravdová
Timetable
Tue 11:05–12:45 S311
  • Timetable of Seminar Groups:
PMKE/1: Wed 7:40–9:15 VT206, D. Němec
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
fields of study / plans the course is directly associated with
Course objectives
The main aim of this course is to intensify the training in the field of mathematical and economic analysis. The course focuses on developing capabilities in model building and model interpretation. Exercises are an integral part of the course.
At the end of this course, students should be able to:
formulate and solve (mathematically) basic model problems in the field of microeconomics and macroeconomics;
think about economic issues in a formal and mathematical way;
understand and explain ideas and tools of modern microeconomics (using mathematical formulation);
exploit achieved knowledge in following courses which are based on methods and tools of modern economics;
Syllabus
  • Theory of the consumer (Demand theory) - preference ordering, utility function, demand functions, expenditure function, Shephard's lemma, indirect utility function, Roy's identity, Slutsky equation
  • Theory of the firm (Production theory) - production function, cost function, profit function, firm's equilibrium
  • Introduction to the growth theory - Neokeynesian growth models (accelerator and multiplier), Solow's growth model (balanced growth path, steady-state)
  • Introduction to the dynamic programming - rational behaviour in a finite and infinite horizon
  • Index number theory - axiomatic approach, economic approach, chaining
Literature
  • GRAVELLE, Hugh and Ray REES. Microeconomics. 3rd ed. Harlow: Prentice Hall, 2004, viii, 738. ISBN 0582404878. info
  • HOY, Michael. Mathematics for economics. 2nd ed. Cambridge, Mass.: MIT Press, 2001, xiv, 1129. ISBN 0262582074. info
  • TAKAYAMA, Akira. Mathematical economics. 2nd ed. Cambridge: Cambridge University Press, 1997, xxiii, 737. ISBN 0521314984. info
  • ALLEN, R. G. D. Matematická ekonomie. Translated by Martin Černý. 1. vyd. Praha: Academia, 1971, 782 s. URL info
Assessment methods
lectures, class discussion, seminars, final written test
Language of instruction
Czech
Further comments (probably available only in Czech)
The course is taught annually.
  • Enrolment Statistics (recent)
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