Předmět Econometrics - ITS (EEI01E)

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Materiál	Typ	Datum	Počet stažení

Cíl

The aim of subject is to give students knowledge of economic modelling which in countries with developed market mechanism is non-substitutable tool of quantitative analysis of national economy, its industries and enterprises for determination of optimal strategy of enterprise development, agri-food complex and economy. Forms of teaching are based on lectures and seminars with use of PC classrooms.

Osnova

PřednáškaEconometrics; Construction of econometric modelsLinear Regression Model (LRM) - content, assumptions, estimation (OLS, ML)Generalized Linear Regression model (GLM) - Heteroscedasticity; Autocorrelation; Multicolinearity; Testing of LRM assumptionsOne-equation econometric models (demand models) - Dynamisation; Dummy variablesMultiple-equation models; Simultaneous models; Estimation of structural parametersOne-equation and simultaneous demand (consumption) modelsEconometric analysis of production - production and cost functionEconometric analysis of production - isoquant and isofactor functionDerivation of one-equation supply modelsEconometric analysis of market equilibrium - partial equilibrium models; Cobweb modelComplex econometric models; Financial econometric models;Sectoral econometric models - Agrifood market modelsEconometric forecastingCvičeníRepeating of vector and matrix algebraConstruction of LRMEstimation of LRM and testing of model assumptions (verification)Application of LRM; Dynamisation of econometric modelIdentification of EM and its transmission from the structural form into the reduced formEstimation of structural parameters - TSLMDerivation of one-equation product demand function and its economic interpretationDerivation and estimation of nonlinear consumption functionsEconometric modelling of marketEstimation of production and supply functionsRelation between production factors and relation between production and branchesComplex EM;Application of EM in forecasting

Získané způsobilosti

Znalosti:Graduates have theoretical knowledge in the area of econometric theory and its application to model specific economic processes and phenomena. Graduates can merge knowledge from economic theory, statistics, mathematics and are able to recognize possibilities and limitations in this area of quantitative analysis theory when confronted with real-world data. Some of the knowledge is highly specialized. Their knowledge covers traditional tools of econometric analysis and at the same time also reflect the up-to-date know-how in the field. The knowledge may serve the graduates as a basis for original thinking and enable to participate on the research. Graduates have critical knowledge of the problems related to modeling of economic processes and phenomena. The knowledge enables them to work in the areas of analytical and information decision support position of middle and top management. Graduates have clear understanding of the limits of their knowledge and of the contents of further study in this area.Dovednosti:Graduates can apply their knowledge in the area of econometric modeling for the support of decision making process of economic subjects. They can solve economic problems. They are creative and they are able to solve independently non-structured problems on both macro and micro-economic levels, in the research and other areas.Kompetence - komunikace:They can efficiently work in analytical teams and cooperate with qualified professionals. They can share undestandably information.Kompetence - úsudek:They possess abilities of analysis and synthesis which provide them with know-how to sort and process information, determine data relevancy and gain non-trivial view of the economic problems including ways to solve them. At the same time, they are aware of the limits of their competencies in their field. They can be fully responsible for contribution to professional knowledge, approaches and evaluation of strategic decisions.

Literatura

ZákladníTVRDOŇ, J. Econometric Modelling, CUA Prague, 2003GUJARATI, Damodar N.Esentials of Econometrics, McGraw-Hill, Inc., USA, 1992SEDDIGHI, H.R. et al. Econometrics - a practical approach. Routledge, London 2000.DoporučenáGREEN, W.H. Econometric Analysis, Printice Hall, 2003 (5th edition).CHAREMZa, Wojciech W., Deadman, Derek F. New Directions in Econometric Practice, Edward Elgar Publishing Limited, Hants, England 1993STOCK J.H., Watson M.W. Introduction to Econometrics, Prentice Hall, 2007.WHITE, H. New Perspektives in Econometric Theory, Edward Elgar Publishing Limited, Cheltenham, UK, 2004RAMANATHAN, R. Introductory econometrics, The Dryden Press 1995JUDGE, G. and others The Theory and Practice of Econometrics, Wiley, New York 2000

Požadavky

Micro- and Macroeconomics, Statistics and Mathematics

Garant

doc. Ing. Lukáš Čechura, Ph.D.