| Course title | Mathematical Economics |
|---|---|
| Course code | KMA/MEK |
| Organizational form of instruction | Lecture + Exercise |
| Level of course | Bachelor |
| Year of study | not specified |
| Semester | Winter |
| Number of ECTS credits | 5 |
| Language of instruction | Czech |
| Status of course | Compulsory |
| Form of instruction | Face-to-face |
| Work placements | This is not an internship |
| Recommended optional programme components | None |
| Lecturer(s) |
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| Course content |
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1. Mathematical Economics - definition of the term, mathematics in economics, development of mathematical models in economics 2. Functions in economics, aggregate, average, and marginal economic variables, elasticity of a function Mathematical models in microeconomics: 3. Mathematical modeling of dynamic market equilibrium, spider web models 4. Utility function and utility maximization 5. Cost, revenue, and profit functions and their optimization 6. Production functions, isoquant analysis, Cobb-Douglas production function 7. Activity analysis (an alternative view of production). Welfare economics (an alternative view of consumption) Mathematical models in macroeconomics: 8. Determining equilibrium output using the AS-AD model - Macroeconomic functions - consumption and savings functions, investment functions, and capital accumulation Expenditure multiplier and income analysis - two-, three-, and four-sector models, dynamic multiplier
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| Learning activities and teaching methods |
| Lecture, Dialogic Lecture (Discussion, Dialog, Brainstorming) |
| Learning outcomes |
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Gain basic knowledge and practical skills concerning the use of mathematical tools in economics; understand the philosophy of basic economical models and the use of mathematics in economics.
Understanding Understand the mathematical backgrounds of economics, overview of the basic approaches to modeling in economics. |
| Prerequisites |
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Basic courses of mathematics and economy.
KMA/MA1 and MRS/EKN ----- or ----- MRS/EKON |
| Assessment methods and criteria |
|
Mark, Oral exam, Written exam
Credit: Active participation. Written test. Exam: Oral. |
| Recommended literature |
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| Study plans that include the course |
| Faculty | Study plan (Version) | Category of Branch/Specialization | Recommended semester | |
|---|---|---|---|---|
| Faculty: Faculty of Science | Study plan (Version): Applied Mathematics - Specialization in Business Mathematics (2026) | Category: Mathematics courses | 2 | Recommended year of study:2, Recommended semester: Winter |
| Faculty: Faculty of Science | Study plan (Version): Applied Mathematics - Specialization in Mathematics for Sustainable Innovation (2026) | Category: Mathematics courses | 2 | Recommended year of study:2, Recommended semester: Winter |