Course detail
Mathematic of Economics
FP-ImePAcad. year: 2024/2025
The subject deals with the modelling of economic processes (micro and macro) by means of exact means of current engineering mathematics to set up conditions for subsequent computerizing. The contents includes : demand and supply analysis; revenue, cost and profit analysis; elasticity of demand and supply;production;utility; accounting of national income.
Language of instruction
Number of ECTS credits
Mode of study
Guarantor
Department
Entry knowledge
Rules for evaluation and completion of the course
Conditions for awarding course-unit credits:
- active participation in seminars, where the attendance is compulsory,
- completion of the control semestral written test marked at least with grade "E".
Attendance at exercises (seminars) is controlled.
Aims
Acquired knowledge and practical skills will be applied to modelling dependencies of factors relating to economic phenomena, explaining their relations and solving problems of microeconomic and macroeconomic environment by with simple mathematical methods.
Study aids
Prerequisites and corequisites
Basic literature
C.J. McKenna and R. Rees, Economics: A Mathematical Introduction, Oxford University Press Inc., New York, 1992 (EN)
I. Mezník, Úvod do matematické ekonomie pro ekonomy,FP VUT v Akademickém nakladatelství CERM,s.r.o., Brno 2011 (CS)
J. Jacques, Mathematics for Economics and Business, Addison-Wesley, New York, 1995 (EN)
J.U. Koch and L.A. Ostrosky, Introduction to Mathematical Economics, McGraw-Hill Inc., Singapore, 1994 (EN)
Recommended reading
Elearning
Classification of course in study plans
Type of course unit
Elearning