Economic Dynamics

Course: Economics (English/Ukrainian Taught)

Structural unit: Faculty of Economics

Title
Economic Dynamics
Code
ВК 2
Module type
Вибіркова дисципліна для ОП
Educational cycle
First
Year of study when the component is delivered
2021/2022
Semester/trimester when the component is delivered
5 Semester
Number of ECTS credits allocated
6
Learning outcomes
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 10. To analyze the functioning and development of economic entities, to identify functional areas, to calculate the relevant indicators that characterize the performance of their activities. PLO 13. To identify sources and understand the methodology of determination and methods for obtaining socio-economic data, collect and analyze the necessary information, calculate economic and social indicators.
Form of study
Full-time form
Prerequisites and co-requisites
Possession of mathematical tools within the course "Mathematics". Knowledge of the theoretical foundations of the courses "Economics", "Macroeconomics", "Microeconomics".
Course content
The course structure has two modules: Content module 1 . "Linear models of economic dynamics" , which discusses the basic methods of studying the behavior of systems, the concepts of difference and differential equations, methods for solving them, as well as models of dynamics of economic systems and processes described by linear relations. Content module 2 . "Nonlinear models of economic dynamics" , which discusses the basic concepts and methods of research of nonlinear dynamic systems, as well as their application in the study of complex nonlinear economic processes and systems.
Recommended or required reading and other learning resources/tools
1. Shone R. Economic Dynamics. Phase Diagrams and Their Economic Application. - Cambridge University Press, 2002. 2. Medio A., Lines M. Nonlinear Dynamics: A Primer. - Cambridge University Press, 2003. 3. Stachurski J/ Economic Dynamics: Theory and Computation. – The MIT Press, 2009. 4. Raa T.T. The Economics of Input-Output Analysis. – Cambridge University Press, 2006. 5. Miao J. Economic Dynamics in Discrete Time. – The MIT Press, 2020.
Planned learning activities and teaching methods
Lecture, practice
Assessment methods and criteria
semester evaluation: 1. Oral examination (RS 1.1-1.2; 2.1-2.4) - 5 points / 3 points; 2. Solving problems (RS 1.1-1.2; 2.1-2.4) -10 points / 6 points; 3. Module test (2 MT, 20 points max each) (RS 1.1-1.2; 2.1-2.4) -40 points / 24 points; 4. Individual student’s self-study (1 project, 25 points) (RS 1.1-1.2; 2.1-2.4; 4.1) - 25 points / 15 points; 5. Final test (RS 1.1-1.2; 2.1-2.4) - 20 points / 12 points. - final evaluation in the form of the test
Language of instruction
English

Lecturers

This discipline is taught by the following teachers

Yurii Petrovych Tadeyev
Department of Economic Cybernetics
Faculty of Economics

Departments

The following departments are involved in teaching the above discipline

Department of Economic Cybernetics
Faculty of Economics