Quantitative methods for analysis of international economic relations
Course: International economic relations (master)
Structural unit: Educational and scientific institute of international relations
Title
Quantitative methods for analysis of international economic relations
Code
ОК10
Module type
Обов’язкова дисципліна для ОП
Educational cycle
Second
Year of study when the component is delivered
2021/2022
Semester/trimester when the component is delivered
2 Semester
Number of ECTS credits allocated
5
Learning outcomes
To know specific terminology; sources of international economic statistics; means to prepare input data and their primary analysis; main methods and approaches of quantitative analysis.
To be able to find international economic statistical data, use software for quantitative analysis, create input database, solve problems with missing data and outliers, analyze structure of numerical data with descriptive statistics and distribution analysis, apply various quantitative methods for analyzing international economic relations, interpret results of quantitative analysis, consider limitation of input data and quantitative methods, adjust algorithms of research.
Communication for determining algorithm of research and interpreting results.
To make and reason decision on choosing a method of economic and mathematical modelling, on foreign economic policy considering results of quantitative analysis.
Form of study
Full-time form
Prerequisites and co-requisites
- To know theoretical aspects, indicators and main regulation tools for various forms of international economic relations.
- To be able to apply mathematical tools for describing economic processes.
- To have basic skills in modern information technologies.
- To know English or other foreign languages for better opportunities for study of examples of modern empirical research on international economic relations and using special software.
Course content
Module 1.Preliminary analysis tools and basic quantitative methods for analysis of international economic relations.
1. Introduction into the course and sources of international economic statistics.
2.Special software for quantitative analysis and creating input databases.
3.Descriptive statistics, data distribution and correlation analysis.
4. Analysis of proportions and signal approach for analysis of currency crises.
Module 2. Additional quantitative methods for analysis of international economic relations.
5. Analysis of means and analysis of variance for studying international trade and investments
6.Linear and nonlinear regression analysis.
7.Cluster analysis and graphical analysis.
8. Simulation modelling of currency crises and optimization tools for problem solving in international economic relations.
9.Infometric methods and big data analysis, other quantitative methods.
Recommended or required reading and other learning resources/tools
1. Грисенко М.В., Чугаєв, О.А. Кількісні методи аналізу міжнародних економічних відносин. К., 2012.
2. Пошукова система наукових робіт з економіки RePEc (http://ideas.repec.org/search.html).
3. Чугаєв О.А. Економічна сила країни у глобальному господарстві. дис. ... д-ра екон. наук : 08.00.02. Київ. нац. ун-т ім. Тараса Шевченка, М-во освіти і науки України, 2018. (http://scc.univ.kiev.ua/upload/iblock/4a3/dis_Chugaiev O. A..pdf).
4. Chugaiev O. Research Methods and Methodology: Distant Course. Chu Hai College of Higher Education (Honkong, China), 2020.
5. Excel Easy. Data Analysis (https://www.excel-easy.com/data-analysis.html).
6. Gretl (http://gretl.sourceforge.net/).
7. Hair J., Anderson R., Babin B., Black W. Multivariate Data Analysis. – 8th edition. Cengage Learning EMEA, 2018.
8. World Bank World Development Indicators (http://data.worldbank.org/data-catalog/world-development-indicators).
Planned learning activities and teaching methods
Lectures, seminars, case study
Assessment methods and criteria
1. Oral answers, comments, blitz poll, discussion, problems, homework – up to 35 points.
2. Tasks for individual work (case study presentation) – up to 25 points.
3. Exam – up to 40 points.
Language of instruction
Ukrainian
Lecturers
This discipline is taught by the following teachers
Oleksii
Chugaiev
Chair of World Economy and International Economic Relations
Educational and scientific institute of international relations
Educational and scientific institute of international relations
Departments
The following departments are involved in teaching the above discipline
Chair of World Economy and International Economic Relations
Educational and scientific institute of international relations