Infopaket

Modelling of the Economics

ОК 23

Обов’язкова дисципліна для ОП

First

2023/2024

7 Semester

6

PLO 5. To apply analytical and methodical tools for substantiating proposals and making managerial decisions by various economic agents (individuals, households, enterprises and government authorities) PLO 8. To apply appropriate economic and mathematical methods and models for solving economic problems PLO 9. To realize the main features of the modern world and national economy, the institutional structure, directions of social, economic and foreign economic policy of the state.

Full-time form

For studying the course students should acquire knowledge «Economics», «Mathematics», «Probability Theory and Mathematical Statistics», «Macroeconomics», «Microeconomics», «Econometrics», «Mathematical Optimization».

The course structure has two modules. Module 1 is devoted to the study of the basic concepts and categories of economic modeling, the modeling of the behavior of consumers and producers, and the study of intersectoral balance models. Module 2 covers macroeconomic aspects of modeling the economy (modeling economic growth, labor market and unemployment, inflation, etc.). The main objective of the discipline is to provide a theoretical framework for considering econometrics concepts and issues and to apply these concepts in practice.

1. Romer D. Advanced Macroeconomics, McGraw-Hill Education; 5th edition, 2018. 2. Nicholson W., Snyder Ch. Intermediate Microeconomics and Its Application. Cengage Learning, 2021. ‎658 p. 3. Boucherie R. J., Tijms H., Braaksma A. Operations Research: Introduction to Models and Methods, WSPC, 2021. 4. Michael Burda and Charles Wyplosz. Macroeconomics: a European Text, Seventh Edition, 2017. 5. Lipschitz L. , Schadler S. . Macroeconomics for Professionals: A Guide for Analysts and Those Who Need to Understand Them, Cambridge University Press, 2019. 6. Varian H. Intermediate Microeconomics: A Modern Approach. 9th ed. New York: W.W. Norton and Company, 2014. 832 p. 7. Nymoen R. Dynamic Econometrics for Empirical Macroeconomic Modelling, World Scientific Publishing Company, 2019 8. Studenmund A.H. Using Econometrics: A Practical Guide,‎ Pearson; 7th edition, 2017. 9. Wooldridge J. Introductory Econometrics: a modern approach. Cengage Learning, 7th edition, 2019.

Lecture, seminar, individual student’s self-study, exam

Semester evaluation (max. 60 points, min – 36 points): 1. Test (LO 1.1-1.2; 2.1-2.3) - 10 points / 4 points; 2. Oral examination (LO 1.1-1.2; 2.1-2.3) - 5 points / 2 points; 3. Solving problems (LO 1.1-1.2; 2.1-2.3) - 5 points / 2 points; 4. Module test (2 MT, 10 points max. each) (LO 1.1-1.2; 2.1-2.3) - 20 points / 14 points; 5. Individual student’s self-study (LO 2.1-2.3) - 20 points / 14 points; - final evaluation in the form of the exam A student is not allowed to take the exam if he / she received less than 36 points during the semester. If the student's grade on the exam is lower than the minimum threshold level (24 points), the points for the exam are not added to the semester grade (considered equal to zero), and the final grade in the discipline is unsatisfactory.

English