MU:MU11165 Mathematical Economy I - Course Information
MU11165 Mathematical Economy I
Mathematical Institute in OpavaWinter 2018
- Extent and Intensity
- 2/1/0. 3 credit(s). Type of Completion: z (credit).
- Teacher(s)
- Ing. Mgr. Barbora Volná, Ph.D. (lecturer)
Ing. Mgr. Barbora Volná, Ph.D. (seminar tutor) - Guaranteed by
- Ing. Mgr. Barbora Volná, Ph.D.
Mathematical Institute in Opava - Prerequisites
- Assumptions of a basic knowledge of mathematics and economics at tertiary level
- Course Enrolment Limitations
- The course is also offered to the students of the fields other than those the course is directly associated with.
- fields of study / plans the course is directly associated with
- Applied Mathematics (programme MU, B1101)
- Mathematical Methods in Economics (programme MU, B1101)
- Course objectives
- Foundations of the mathematical modelling in economy, optimization and economic equilibria, understanding how to use mathematics in economics.
- Syllabus
- - approach to the mathematical modelling in economy, its content and methods
- economic function and slope of this function, average and marginal slope
- total, average, and marginal quantities
- elasticity of the function
- discrete dynamical models noncontinuous quantity changes, spider's web model of supply - demand model
- price equilibrium as a result of the equality between supply and demand
- supply - demand continuous model
- utility function, its mathematical expression and graphic representation
- utility maximization, substitutive and income effects
- cost function, progressive and degressive costs
- productivity and profit functions
- production function, Cobb-Douglas production function
- consumption and saving functions
- investment function and capital accumulation
- - approach to the mathematical modelling in economy, its content and methods
- Literature
- recommended literature
- K. Zimmermann. Úvod do matematické ekenomie. Karolinum Praha, 2002. ISBN 80-246-0464-7. info
- D. Bauerová, L. Hrbáč. Matematická ekonomie I. VŠB Ostrava, 1996. ISBN 80-7078-293-5. info
- R. G. D. Allen. Matematická ekonomie. Academia Praha, 1971. info
- not specified
- G. Gandolfo. Economic Dynamics. Berlin-Heidelberg: Springer-Verlag, 1997. ISBN 3540609881. info
- Language of instruction
- Czech
- Further comments (probably available only in Czech)
- The course can also be completed outside the examination period.
- Teacher's information
- The credit can be obtained after processing semester task.
- Enrolment Statistics (Winter 2018, recent)
- Permalink: https://is.slu.cz/course/sumu/winter2018/MU11165