* Exchange students do not have to consider this information when selecting suitable courses for an exchange stay.

Course Unit Code | 157-0588/02 | |||||
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Number of ECTS Credits Allocated | 5 ECTS credits | |||||

Type of Course Unit * | Choice-compulsory | |||||

Level of Course Unit * | First Cycle | |||||

Year of Study * | ||||||

Semester when the Course Unit is delivered | Summer Semester | |||||

Mode of Delivery | Face-to-face | |||||

Language of Instruction | English | |||||

Prerequisites and Co-Requisites | Course succeeds to compulsory courses of previous semester | |||||

Name of Lecturer(s) | Personal ID | Name | ||||

CHY0034 | Mgr. Ing. Lucie Chytilová, Ph.D. | |||||

Summary | ||||||

1. Time series analysis (the basic characteristics, graphical time series analysis, time series transformation, decomposition of time series)
2. Linear regression models (model formulation, estimation, specification, assumptions, OLS methods) 3. Verification of the estimated regression model (statistical verification, autocorrelation, heteroscedasticity, multicollinearity, economic verification). 4.Forecasting (prediction typology, point and interval prediction, prediction of ex-post and ex ante, forecasting accuracy rate). 5.Testing of residual normality (graphical tests, sophisticated tests). | ||||||

Learning Outcomes of the Course Unit | ||||||

The goal is to:
- be able to describe and apply the process of analyzing of economic time series, - understand the process of modeling the behavior of economic system based on regression analysis, - select and use appropriate econometrics methodology - the formulation, estimation, prediction and verification of modeled systems, - explain the context of the theoretical behavior of economic systems modeled with empirical results and make appropriate modification of your model, - use the estimated regression models for forecasting. | ||||||

Course Contents | ||||||

The goal of INECON is to:
• be able to describe and apply the process of analysing of economic time series, • understand the process of modelling the behaviour of economic system based on regression analysis, • select and use appropriate econometrics methodology - the formulation, estimation, prediction and verification of modelled systems, • explain the context of the theoretical behaviour of economic systems modelled with empirical results and make appropriate modification of your model, • use the estimated regression models for forecasting. 1. Time series analysis (the basic characteristics, graphical time series analysis, time series transformation, decomposition of time series) 2. Linear regression models (model formulation, estimation, specification, assumptions, OLS methods) 3. Verification of the estimated regression model (statistical verification, autocorrelation, heteroscedasticity, multicollinearity, normality, specification, economic verification). 4. Forecasting (prediction typology, point and interval prediction, prediction of ex-post and ex ante, forecasting accuracy rate). | ||||||

Recommended or Required Reading | ||||||

Required Reading: | ||||||

1. GUJARATI, D.N. Basic Econometrics. 4th Ed., Singapore: Mc Graw-Hill, 2003. ISBN 0-07-233542-4.
2. LMCS Moodle: http://moodle.vsb.cz/vyuka 3. WOOLDRIDGE, J. Introductory Econometrics: A Modern Approach (with Economic Applications Online, Econometrics Data Sets with Solutions Manual, Web Site Printed Access Card), Student Solutions Manual Printed Access Card.). 4th ed. Mason. Ohio: South Western Cengage Learning, 2008. ISBN 9780324581621. | ||||||

1. ARLT, J. – ARLTOVÁ, M.: Finanční časové řady. 1. vydání Grada Publishing, Praha, 2003. ISBN 80-247-0330-0.
2. HUŠEK, R. Ekonometrická analýza. 1. vydání. Praha, 2007. 368 s.ISBN 978-80-245-1300-3. 3. LUKÁČIKOVÁ, A. LUKÁČIK, M. Ekonometrické modelovanie s aplikáciami. 1. vydání.Bratislava: Ekonóm, 2008, 344 s. ISBN 978-80-225-2614-2. 4. Podkladové materiály ke studiu v LMCS Moodle: http://moodle.vsb.cz/vyuka | ||||||

Recommended Reading: | ||||||

1. BROOKS, CH.: Introductory econometrics for finance. Cambridge: Cambridge University Press, 2002. ISBN 0-521-79018-2.
2. HEIJ, CH. et al: Econometrics Methods with Applications in Business and Economics. Oxford: Oxford University Press, 2004. ISBN 0-19-926801-0. 3. RAMANATHAN, R. Introductory Econometrics with Applications. 5th edition. Harcourt College Publishers, 2002. ISBN-13: 978-0030343421. | ||||||

1. GUJARATI, D.N. Basic Econometrics. 4th Ed., Singapore: Mc Graw-Hill, 2003. ISBN 0-07-233542-4.
2. HEIJ, CH. et al: Econometrics Methods with Applications in Business and Economics. Oxford: Oxford University Press, 2004. ISBN 0-19-926801-0. edition. Harcourt College Publishers, 2002. ISBN-13: 978-0030343421. 3. WOOLDRIDGE, J. Introductory Econometrics: A Modern Approach (with Economic Applications Online, Econometrics Data Sets with Solutions Manual, Web Site Printed Access Card), Student Solutions Manual Printed Access Card.). 4th ed. Mason. Ohio: South Western Cengage Learning, 2008. ISBN 9780324581621. | ||||||

Planned learning activities and teaching methods | ||||||

Lectures, Individual consultations, Tutorials | ||||||

Assesment methods and criteria | ||||||

Tasks are not Defined |