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Microeconomics

Type of study Follow-up Master
Language of instruction Czech
Code 157-0379/01
Abbreviation ME
Course title Microeconomics
Credits 5
Coordinating department Department of Systems Engineering and Informatics
Course coordinator prof. Ing. Jana Hančlová, CSc.

Subject syllabus

1. Introduction to econometrics (definition of econometrics and microeconometrics, relationship to other scientific disciplines, clarification of basic terms, emergence of econometrics, process of econometric modeling, specifics of microeconometric modeling).
2. Microeconomic data, their structure and analysis.
3. Simple cross-sectional linear regression model (meaning of regression analysis, population versus sample regression line, essence of MNČ, fit of regression line to data, assumptions of classic simple regression model and their verification).
4. Multiple cross-sectional regression model (definition of the classical multivariate linear regression model, assumptions, matrix notation, corrected coefficient of determination).
5. Statistical verification (regression coefficients, model as a whole).
6. Econometric verification - autocorrelation, heteroskedasticity, multicollinearity, normality, model specification.
7. Nonlinear functional forms.
8. Technique of dummy variables.
9. Prediction.
10.Linear panel models (definition of panel models, fixed effects, random effects).

E-learning

Students have all presentation, case studies, assignments and exercise data in LMS Moodle.
LMS Moodle

Literature

DURLAUF, S.N. and L.E. BLUME. Microeconometrics. Houndmills: Palgrave Macmillan, 2010. ISBN: 978-0-230-23881-7.
GUJARATI, Damodar N. Basic Econometrics. 4th ed. Singapore: Mc Graw-Hill, 2003, 1002 s. ISBN 0-07-233542-4.
LEE, Myoung-jae. Micro-econometrics. New Yourk: Springer, 2010. ISBN 78-0-387-95376-2.

Advised literature

GREENE, William.H. Econometric Analysis. Pearson Education, 2008. ISBN 9780135137406.
HEIJ, CH. et al: Econometrics Methods with Applications in Business and Economics. Oxford: Oxford University Press, 2004. ISBN 0-19-926801-0.
WONNACOTT, R. J. and WONNACOTT, T.H. Econometrics. Florence Taylor and Francis Ann Arbor, Michigan ProQuest 2014.