Quantitative Economics I

  • Credits: 6
  • Ending: Examination
  • Range: 2P + 2C
  • Semester: summer
  • Year: 2
  • Faculty of Economic Informatics

Teachers

Included in study programs

Data Science in Economics

Teaching results

The graduate of the course is able to explain various microeconomic phenomena with economic models.
Abilities:
- Students will be able to formulate, solve and interpret economic models describing known microeconomic phenomena and interactions.
Skills:
- Graduates will gain current knowledge of economic theory at the micro level – the firm theory, the consumer theory, the risk theory and the general equilibrium theory – and at the macro level – the real business cycle theory.
Competencies:
- Students will be able to formulate and express the economic theoretical background needed in microeconometric analyzes used in modern research, in forecasts made by scientific research institutions or in the financial sector. Students are able to explain the basic economic processes, the effects of various shocks and policies.

Indicative content

1. Basic economic terms and measurements
2. Production function forms and interpretations
3. Firm problem
4. Cost analysis
5. Behaviour of firms in different market structures
6. Utility function forms and interpretations, consumer problem
7. Income and substitution effects
8. Endowment economy model
9. Financial rigidities
10. Risk theory
11. General equilibrium theory
12. Pareto’s efficiency and welfare theorems
13. Static real business cycle model

Support literature

1. Doepke, M., Lehnert, A., Sellgren, A.W. Macroeconomics. http://faculty.wcas.northwestern.edu/~mdo738/book.htm (október 2019).
2. Wang, Susheng (2018). Microeconomic Theory. Singapore: Springer.
3. Williamson, S.D. (2018). Macroeconomics. Harlow: Pearson.

Requirements to complete the course

40 % assignments; 60 % final exam

Student workload

156 hours,
Lectures participation: 26 hours, Seminar participation: 26 hours, Semester work: 42 hours
Preparation for final exam: 62 hours

Language whose command is required to complete the course

Slovak, English

Date of approval: 10.02.2023

Date of the latest change: 16.05.2022