151-0351/02 – Analysis of Economic Information (AEI)

Gurantor departmentDepartment of Mathematical Methods in EconomicsCredits3
Subject guarantordoc. Ing. Václav Friedrich, Ph.D.Subject version guarantordoc. Ing. Václav Friedrich, Ph.D.
Study levelundergraduate or graduateRequirementCompulsory
Year1Semesterwinter
Study languageCzech
Year of introduction2010/2011Year of cancellation
Intended for the facultiesEKFIntended for study typesBachelor
Instruction secured by
LoginNameTuitorTeacher giving lectures
FRI02 doc. Ing. Václav Friedrich, Ph.D.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Credit 1+2

Subject aims expressed by acquired skills and competences

The main aim of the course "Analysis of Economic Information" is to introduce students into the basic methods of creation, identification and analysis of economic statistical indicators and their interconnection. The course is based on two important types of statistical indicators, which are indexes and time series. Upon successful completion of this course, students will acquire the following knowledge, skills and abilities: • They will learn the methodology of economic indicators used in the state statistics of the Czech Republic and in international statistics. • They will be able to express the temporal and spatial changes of economic indicators in the form of indexes and analyse them in Microsoft Excel. • They will practice the basic methods of designing and developing forecasting scenarios. • They will also get acquainted with basic types of economic time series and selected methods of their analysis in IBM SPSS Statistics.

Teaching methods

Lectures
Individual consultations
Tutorials
Project work

Summary

In economic analyses, we often encounter the need to evaluate and compare economic phenomena using appropriate indicators. These tools are provided by the area of statistics, called economic and social statistics. The course "Economic Information Analysis" introduces students to basic methods of economic information analysis using two economic statistics tools: indexes and time series. Students will also get acquainted with the current Czech system of economic and social statistics indicators and its links to the harmonized system within the EU. Microsoft Excel and IBM SPSS Statistics software tools are used in this course. Individual topics are trained on particular practical examples and tasks.

Compulsory literature:

GIOVANNINI, E. (2008). Understanding Economic Statistics: An OECD Perspective. Paris: OECD Publications. 195 pp. ISBN 978-92-64-03312-2. Available from: https://www.oecd.org/std/41746710.pdf JEFF, R. et all. (2015). A Practical Introduction to Index Numbers. John Wiley & Sons, Ltd. ISBN 978-1-1189-777-8. Available from (for VSB-TUO staff and students): https://onlinelibrary.wiley.com/doi/book/10.1002/9781118977781 TYRRELL S. (2009). SPSS: Stats Practically Short and Simple. London: Bookboon. 87 pp. ISBN 978-87-7681-474-8. Available from: https://bookboon.com/cs/stats-practically-short-and-simple-ebook

Recommended literature:

MAIER M. and j. IMAZEKI. (2014). The Data Game: Controversies in Social Science Statistics. 4th Edition. New York: Routledge. 327 pp. ISBN 978-07-65-62980-7. GRIFFIS Michael. (2011). Economic Indicators For Dummies. Hoboken: John Wiley & Sons. 408 pp. ISBN 978-1-118-0376-21. WAGNER W. E. (2016). Using IBM SPSS Statistics for Research Methods and Social Science Statistics. 6th Edition. Los Angeles: SAGE Publications. 168 pp. ISBN 978-1-506-3317-20.

Way of continuous check of knowledge in the course of semester

Credits are awarded by tutor. Problems with granting the credits may be dealt with the guarantee of the subject, or with the head of the department. COMPLIANCE CRITERIA: a) Essay - Students should not only know the issues of the subject to study, but should be able to think over them and comment them. The task is to write an essay on the given topic. It is necessary to respect a given topic and scope, otherwise the task will be penalized. Essays are evaluated by other students (anonymously). A maximum of 20 points can be obtained, no minimum is specified. b) Comprehensive test The test validates the knowledge and ability to apply the learned methods. The comprehensive test is mandatory and there is a maximum of 25 points, no minimum is specified. The test can be repeated, a better result is count. c) Team project Students must form groups of 2-3 members which will elaborate the essay using real economic indicators, which must be found in the available resources. A maximum of 40 points can be obtained, while the mandatory minimum is 25 points. A necessary condition for obtaining the credit is getting 45 points from all tasks together.

E-learning

The education is supported by e-learning course in Moodle CMS (http://moodle.vsb.cz/vyuka).

Další požadavky na studenta

Prerequisities

Subject codeAbbreviationTitleRequirement
151-0303 Stat A Statistics A Recommended

Co-requisities

Subject has no co-requisities.

Subject syllabus:

1. Statistical indicators and methods for their comparison 2. Indexes, time and spatial series 3. Individual and aggregate indexes 4. Individual composite indexes 5. Decomposition of the indexes 6. Price indexes in the economic practice 7. International comparisons All the themes are trained using selected practical examples and tasks.

Conditions for subject completion

Full-time form (validity from: 2011/2012 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Exercises evaluation Credit 85  45
Mandatory attendence parzicipation: min. 80 perc

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.FormStudy language Tut. centreYearWSType of duty
2012/2013 (B6202) Economic Policy and Administration (7202R020) Economics Journalism P Czech Ostrava 2 Choice-compulsory study plan
2011/2012 (B6202) Economic Policy and Administration (7202R020) Economics Journalism P Czech Ostrava 2 Choice-compulsory study plan
2011/2012 (B6234) Quantitative Methods and Decision Making in Economics P Czech Ostrava 1 Compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner