PMAEMM Application of Economic-Mathematical Models

Faculty of Economics and Administration
Autumn 2008
Extent and Intensity
2/2/0. 5 credit(s). Type of Completion: zk (examination).
Teacher(s)
doc. Ing. Jan Čapek, Ph.D. (lecturer)
doc. Ing. Jan Čapek, Ph.D. (seminar tutor)
Guaranteed by
prof. Ing. Osvald Vašíček, CSc.
Department of Economics – Faculty of Economics and Administration
Contact Person: Lydie Pravdová
Timetable
Wed 9:20–11:00 P201
  • Timetable of Seminar Groups:
PMAEMM/1: Fri 8:30–10:05 VT206, J. Čapek
PMAEMM/2: Fri 10:15–11:50 VT203, J. Čapek
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
The capacity limit for the course is 32 student(s).
Current registration and enrolment status: enrolled: 0/32, only registered: 0/32, only registered with preference (fields directly associated with the programme): 0/32
fields of study / plans the course is directly associated with
Course objectives
The aim of the course “Application of Economic-Mathematical Models” is to acquaint the students with the fundamentals of modeling based on quantitative procedures in economic analysis, prognosis and choice of instruments in macroeconomic policy. The course provides the opportunity for students to verify correctness of macroeconomic theory postulates, to gain experience working with real macroeconomic data, along with their exploitation in computer models and with evaluation of model results in connection with anticipating the impacts of economic policy. Included in the course are also successful applications of economic-mathematical models.
Syllabus
  • Growth rates
  • Model of Robinson Crusoe economy
  • Model of households with goods and money markets
  • Model of households with labor market
  • Business cycle modeling
  • Modeling of economic growth
  • Monetary policy modeling
  • Modeling of rational expectations
  • Principles of some estimation techniques used in economic models
  • Box-Jenkins (modeling) methodology
  • Problems of non-stationary data
  • Cointegration of time series and error correction
Literature
  • HUŠEK, Roman. Ekonometrická analýza. Vyd. 1. Praha: Ekopress, 1999, 303 s. ISBN 80-86119-19-X. info
  • WALSH, Carl E. Monetary Theory and Policy. 1998. ISBN 0-262-23199-9. info
  • SODERLIND, Paul. Lecture Notes for Monetary Policy. 2001. info
  • ENDERS, Walter. Applied econometric time series. 2nd ed. Hoboken: John Wiley & Sons, 2004, xiv, 460. ISBN 0471230650. info
  • PINDYCK, Robert S. and Daniel L. RUBINFELD. Econometric models and economic forecasts. 4th ed. Boston: Irwin, 1997, xx, 634. ISBN 0070502080. info
  • ROMER, David. Advanced macroeconomics. 2nd ed. Boston: McGraw-Hill, 2001, xx, 651. ISBN 0072318554. info
Assessment methods
Exam admittance requirements: active participation in seminars, homeworks. Exam: written test, oral exam.
Language of instruction
Czech
Further comments (probably available only in Czech)
Study Materials
The course is taught annually.
Information on course enrolment limitations: 10 pouze přednáška
The course is also listed under the following terms Spring 2002, Spring 2003, Autumn 2003, Autumn 2004, Autumn 2005, Autumn 2006, Autumn 2007.
  • Enrolment Statistics (recent)
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