Course detail

Mathematic of Economics

FP-OmaePAcad. year: 2023/2024

The subject deals with the modelling of economic processes (micro and macro) by means of exact means of current engineering mathematics.
Students will also learn the basics of continuous and discontinuous dynamic models in economics. Mathematical models are used to create selected differential and differential equations of first and second order. Mathematical theory is illustrated by examples of dynamic systems in economic theory.
The emphasis is on mathematical formulation, economic interpretation and verification of results.

Language of instruction

Czech

Number of ECTS credits

6

Mode of study

Not applicable.

Guarantor

doc. RNDr. Bedřich Půža, CSc.

Department

Institute of Informatics (ÚI)

Entry knowledge

Microeconomics, Macroeconomics, Mathematics I, Mathematics II

Rules for evaluation and completion of the course

Students will obtain credit based on successful presentation of seminar paper on a chosen topic.

EXAM: The form of the exam is written and the teacher reserves the right to the oral examination. The maximum number of points in the exam is 100 points, and the student must earn at least 50 points in order to obtain a rating of at least E..

Aims

Students will learn the basics of continuous and discontinuous dynamic models in economics. Mathematical models are used to create selected differential and differential equations of first and second order. The aim of the course is to introduce continuous and discrete economic dynamic systems with an emphasis on mathematical formulation, economic interpretation and verification of results. Mathematical theory is illustrated by examples of dynamic systems in economic theory
The subject is focused on precise mathematical formulation of economic models and at the same time appropriate economic interpretation of these models.

Study aids

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

ALLEN, R. G. D. Matematická ekonomie. Přeložil Martin ČERNÝ. Praha: Academia, 1971.

Recommended reading

CHIANG, A. C. Fundamental methods of mathematical economics. 3rd ed. New York: McGraw-Hill, 1984. ISBN 0-07-010813-7.
POLOUČKOVÁ, A. a E. OŠŤÁDALOVÁ. Diferenciální a diferenční rovnice. Ostrava: Vysoká škola báňská - Technická univerzita, 2003. ISBN 80-248-0267-8.

eLearning

eLearning: currently opened course

Classification of course in study plans

  • Programme MGR-MEO Master's, 2. year of study, winter semester, compulsory

Type of course unit

 

Lecture

26 hours, optionally

Teacher / Lecturer

Mgr. Martina Bobalová, Ph.D.

Exercise

26 hours, compulsory

Teacher / Lecturer

Mgr. Martina Bobalová, Ph.D.

eLearning

eLearning: currently opened course