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Lecturer(s)
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Stoklasa Jan, Mgr. et Mgr. Ph.D.
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Pavlačka Ondřej, RNDr. Ph.D.
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Course content
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1. Goals of mathematical economics, mathematics in economics, designing models in mathematical economics 2. Functions in economics, total, average, and marginal values 3. Elasticity of a function 4. Modeling of oscillations in economy, cobweb models 5. Consumer theory, utility theory 6. Demand 7. Forming of supply, production 8. Cobb-Douglas production function 9. Activity analysis (alternative approach to supply) 10. Welfare economics (alternative approach to demand) 11. Consumption, savings and investments 12. Theory of economic growth, accumulation of capital
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Learning activities and teaching methods
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Lecture, Dialogic Lecture (Discussion, Dialog, Brainstorming)
- Attendace
- 39 hours per semester
- Semestral Work
- 40 hours per semester
- Preparation for the Exam
- 40 hours per semester
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Learning outcomes
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Gain basic knowledge and practical skills concerning the use of mathematical tools in economics; understand the philosophy of basic economical models and the use of mathematics in economics.
Understanding Understand the mathematical basics of economics, overview of the basic approaches to modeling in economics.
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Prerequisites
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Basic courses of mathematics and economy.
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Assessment methods and criteria
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Mark, Oral exam, Seminar Work
Credit: Seminar paper (economical model using the knowledge and methods included in Mathematical economics) Exam: The student has to prove his/her active knowledge of the theory and methods included in Mathematical economics.
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Recommended literature
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Baldani, J., Bradfield, J., Turner, R. W. (2005). Mathematical economics. Thomson South-Western, 2. vydání.
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Bauerová, D., Hrbáč, L. a kol. (1995). Matematická ekonomie II.. VŠB-TU, Ostrava.
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Bauerová, D., Hrbáč, L. a kol. (1995). Matematická ekonomie I.. VŠB-TU, Ostrava.
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Hands, D. W. (2004). Introductory mathematical economics. Oxford University Press, 2. vydání.
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L. Bauer, H. Lipovská, M. Mikulík, V. Mikulík. (2015). Matematika v ekonomii a ekonomice. Grada.
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Soper, J. (2004). Mathematics for economics and business: an interactive introduction. Wiley-Blackwell, 2. vydání.
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Takayama, A. (1985). Mathematical economics. Cambridge University Press, 2. vydání.
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