Structural Interdependencies in the Economy

Teaching results

Knowledge
After completing this course, students should master a specific analytical method, namely the structural input-output model, not only in its basic but also an extended version. They will be able to analyse empirical data from input−output tables (national and world input−output tables) and quantify the direct and indirect effects of individual sectors of the national economy.
Skills
Students will acquire advanced analytical skills by working with larger datasets, which they will be able to process and evaluate using the Matlab software programme. They will get to know the basic environment of this programme and will be able to create simple commands, load data, perform basic operations with matrices and vectors and export results. Also, they will be able to use these skills in constructing simple but also multi-regional input-output models.
Competences
At the same time, they should be able to understand scientific input-output studies and conduct a structural analysis of a selected topic. An example could be an analysis of the importance of a selected sector for the economy or the complex effects of foreign trade between countries, demonstrating their ability to identify key conclusions. They will be able to present this analysis professionally and clearly using modern means of communication, even in a foreign language.