Enrolment options
PK.1891 Mathematical methods of analysis of economic processes
Institute of Agricultural and Environmental Sciences
The course is free elective course of MA and PhD students, incl. exchange students.
The aim of this course is to supply students with mathematical tools for modeling economic processes. It focuses on using quantitative methods to understand economic dynamic, optimize decision-making, and forecast trends.
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The main themes of the subject are:
*introduction to mathematical modeling and its applications in economic analysis;
*introduction to decision-making under certainty and uncertainty;
*risk and probability in economic decisions;
*linear programming for resource allocation;
*profit maximization and cost minimization;
*marginal analysis and its application in economics;
*basics of time series analysis (moving averages, trend identification);
*regression analysis and hypothesis testing application to economic data.
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