157-0360/01 – Econometrics (EKON)

Gurantor department	Department of Systems Engineering and Informatics	Credits	5
Subject guarantor	prof. Ing. Jana Hančlová, CSc.	Subject version guarantor	prof. Ing. Jana Hančlová, CSc.
Study level	undergraduate or graduate
		Study language	Czech
Year of introduction	2004/2005	Year of cancellation
Intended for the faculties	EKF	Intended for study types	Follow-up Master

Instruction secured by
Login	Name	Tuitor	Teacher giving lectures
CHY0034	Mgr. Ing. Lucie Chytilová, Ph.D.
HAN60	prof. Ing. Jana Hančlová, CSc.

Extent of instruction for forms of study
Form of study	Way of compl.	Extent
Full-time	Credit and Examination	2+2

Subject aims expressed by acquired skills and competences

The aim of the subject is to master the process of econometric modeling with a focus on economic interpretation, verification of the model and its subsequent use in practice in management and decision-making at the micro and macro level.

Teaching methods

Lectures
Tutorials
Project work

Summary

1 Introduction to econometrics (subject of econometrics, methodology of econometrics) 2. Simple linear regression function (the nature of regression analysis, the concept of population and sample regression function (deterministic and stochastic version), the method of ordinary least squares, coefficient of determination) 3. Statistical verification (testing of regression coefficients, the overall of sample regression model) 4. Autocorrelation (the nature, the consequences of autocorrelation, detection, removing). 5. Heteroscedasticity (the nature, its consequences, detection, removing, WOLS) 7. Multicollinearity (the nature, its consequences, detection, removing). 8. Model specification (model selection criteria, types of specification errors, consequences, tests) 9. Prediction (ex-post and ex-ante, mean and individual prediction, point and interval prediction). 10. Functional form of regression models (exponential regression model, semi log models and reciprocal models). 11. Dummy variable regression models.

Compulsory literature:

GUJARATI, Damodar N. Basic Econometrics. 4th ed. Singapore: Mc Graw-Hill, 2003, 1002 s. ISBN 0-07-233542-4. WOOLDRIDGE, Jeffrey M. Introductory Econometrics: A Modern Approach. 4th ed. Mason. Ohio: South Western Cengage Learning, 2008. 912 pp. ISBN 978-0-324-58162-1. RAMANATHAN, Ramu. Introductory Econometrics with Applications. 5th edition. Harcourt College Publishers, 2002. ISBN-13: 978-0030343421.

Recommended literature:

GREENE, William.H. Econometric Analysis. Pearson Education, 2008. ISBN 9780135137406. HEIJ, CH. et al: Econometrics Methods with Applications in Business and Economics. Oxford: Oxford University Press, 2004. ISBN 0-19-926801-0. WONNACOTT, R. J. and WONNACOTT, T.H. Econometrics. Florence Taylor and Francis Ann Arbor, Michigan ProQuest 2014.

Additional study materials

Study supports in the EduDocs system

Way of continuous check of knowledge in the course of semester

Elaboration of a semester project on econometric modeling on a selected topic by the student. The oral exam includes the defense of the semester project and 2 questions verifying knowledge of econometrics.

E-learning

Presentations for individual lectures in LMS Moodle. Supporting materials for exercises - presentations, examples, results. Inserting a semester project.

Other requirements

Preparation of a semester project according to the required structure, submission in the LMS by January 5 2025 end obtaining more than half the number of points (30-50 pages).

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

1. Introduction to econometrics (subject of econometrics, metodology of econometrics) 2. Simple linear regression function (the nature of regression analysis, the concept of population and sample regression function ( deterministic and stochastic version), the method of ordinary least squares, coefficient of determination) 3. Statistical verification ( testing od regression coefficients, the overall of sample regression model) 4. Autocorrelation (the nature, the consequences of autocorrelation, detection, removing). 5. Heteroscedasticity ( the nature, its consequences, detection, removing, WOLS) 7. Multicollinearity ( ( the nature, its consequences, detection, removing). 8. Model specification (model selection criteria, types of specification errors, consequences, tests) 9. Prediction (ex-post and ex-ante, mean and individual prediction, point and interval prediction). 10. Functional form of regression models (exponencial regression model, semilog models, reciprocal models). 11. Dummy variable regression models.

Conditions for subject completion

Full-time form (validity from: 2012/2013 Winter semester)

Task name	Type of task	Max. number of points (act. for subtasks)	Min. number of points	Max. počet pokusů
Exercises evaluation and Examination	Credit and Examination	100 (100)	51
Exercises evaluation	Credit	45	23	2
Examination	Examination	55	28	3

Mandatory attendence participation: Mandatory participation in exercises. Recommended attendance at lectures.

Show history

Conditions for subject completion and attendance at the exercises within ISP: Mandatory participation in exercises as agreed with the guarantor. Recommended attendance at lectures.

Show history

Occurrence in study plans

Academic year	Programme	Branch/spec.	Spec.	Zaměření	Form	Study language	Tut. centre	Year	Type of duty
2024/2025	(N0311A050012) Applied economics	(S01) International Economic Relations			P	Czech	Ostrava	1	Compulsory	study plan
2024/2025	(N0311A050012) Applied economics	(S02) Economic Development			P	Czech	Ostrava	1	Compulsory	study plan
2024/2025	(N0488A050004) Finance and Accounting	(S01) Finance			P	Czech	Ostrava	2	Compulsory	study plan
2024/2025	(N0688A050001) Information and Knowledge Management			KM	P	Czech	Ostrava	2	Compulsory	study plan
2024/2025	(N0311A050040) Economics				P	Czech	Ostrava	1	Choice-compulsory type B	study plan
2023/2024	(N0311A050012) Applied economics	(S02) Economic Development			P	Czech	Ostrava	1	Compulsory	study plan
2023/2024	(N0311A050012) Applied economics	(S01) International Economic Relations			P	Czech	Ostrava	1	Compulsory	study plan
2023/2024	(N0488A050004) Finance and Accounting	(S01) Finance			P	Czech	Ostrava	2	Compulsory	study plan
2023/2024	(N0311A050040) Economics				P	Czech	Ostrava	1	Choice-compulsory type B	study plan
2022/2023	(N0311A050012) Applied economics	(S02) Economic Development			P	Czech	Ostrava	1	Compulsory	study plan
2022/2023	(N0311A050012) Applied economics	(S01) International Economic Relations			P	Czech	Ostrava	1	Compulsory	study plan
2022/2023	(N0488A050004) Finance and Accounting	(S01) Finance			P	Czech	Ostrava	2	Compulsory	study plan
2021/2022	(N0311A050012) Applied economics	(S02) Economic Development			P	Czech	Ostrava	1	Compulsory	study plan
2021/2022	(N0311A050012) Applied economics	(S01) International Economic Relations			P	Czech	Ostrava	1	Compulsory	study plan
2021/2022	(N0488A050004) Finance and Accounting	(S01) Finance			P	Czech	Ostrava	2	Compulsory	study plan
2020/2021	(N6209) Systems Engineering and Informatics	(6209T017) Informatics in Economics			P	Czech	Ostrava	2	Compulsory	study plan
2020/2021	(N6202) Economic Policy and Administration	(6202T010) Finance			P	Czech	Ostrava	2	Compulsory	study plan
2020/2021	(N0311A050012) Applied economics	(S01) International Economic Relations			P	Czech	Ostrava	1	Compulsory	study plan
2020/2021	(N0311A050012) Applied economics	(S02) Economic Development			P	Czech	Ostrava	1	Compulsory	study plan
2020/2021	(N0488A050004) Finance and Accounting	(S01) Finance			P	Czech	Ostrava	2	Compulsory	study plan
2019/2020	(N6209) Systems Engineering and Informatics	(6209T017) Informatics in Economics			P	Czech	Ostrava	2	Compulsory	study plan
2019/2020	(N6202) Economic Policy and Administration	(6202T010) Finance			P	Czech	Ostrava	2	Compulsory	study plan
2019/2020	(N0311A050012) Applied economics	(S01) International Economic Relations			P	Czech	Ostrava	1	Compulsory	study plan
2019/2020	(N0311A050012) Applied economics	(S02) Economic Development			P	Czech	Ostrava	1	Compulsory	study plan
2019/2020	(N0488A050004) Finance and Accounting	(S01) Finance			P	Czech	Ostrava	2	Compulsory	study plan
2018/2019	(N6202) Economic Policy and Administration	(6202T010) Finance			P	Czech	Ostrava	2	Compulsory	study plan
2018/2019	(N6209) Systems Engineering and Informatics	(6209T017) Informatics in Economics			P	Czech	Ostrava	2	Compulsory	study plan
2018/2019	(N6202) Economic Policy and Administration	(6202T027) National Economy			P	Czech	Ostrava	1	Compulsory	study plan
2017/2018	(N6202) Economic Policy and Administration	(6202T027) National Economy			P	Czech	Ostrava	1	Compulsory	study plan
2017/2018	(N6209) Systems Engineering and Informatics	(6209T017) Informatics in Economics			P	Czech	Ostrava	2	Compulsory	study plan
2017/2018	(N6202) Economic Policy and Administration	(6202T010) Finance			P	Czech	Ostrava	2	Compulsory	study plan
2016/2017	(N6202) Economic Policy and Administration	(6202T010) Finance			P	Czech	Ostrava	2	Compulsory	study plan
2016/2017	(N6202) Economic Policy and Administration	(6202T027) National Economy			P	Czech	Ostrava	1	Compulsory	study plan
2016/2017	(N6209) Systems Engineering and Informatics	(6209T025) System Engineering and Informatics			P	Czech	Ostrava	2	Compulsory	study plan
2015/2016	(N6209) Systems Engineering and Informatics	(6209T025) System Engineering and Informatics			P	Czech	Ostrava	2	Compulsory	study plan
2015/2016	(N6202) Economic Policy and Administration	(6202T027) National Economy			P	Czech	Ostrava	1	Compulsory	study plan
2015/2016	(N6202) Economic Policy and Administration	(6202T010) Finance			P	Czech	Ostrava	2	Compulsory	study plan
2014/2015	(N6202) Economic Policy and Administration	(6202T010) Finance			P	Czech	Ostrava	2	Compulsory	study plan
2014/2015	(N6202) Economic Policy and Administration	(6202T027) National Economy			P	Czech	Ostrava	1	Compulsory	study plan
2014/2015	(N6209) Systems Engineering and Informatics	(6209T025) System Engineering and Informatics			P	Czech	Ostrava	2	Compulsory	study plan
2013/2014	(N6209) Systems Engineering and Informatics	(6209T025) System Engineering and Informatics			P	Czech	Ostrava	2	Compulsory	study plan
2013/2014	(N6209) Systems Engineering and Informatics	(6209T025) System Engineering and Informatics	(00) System Engineering and Informatics		P	Czech	Ostrava	2	Compulsory	study plan
2013/2014	(N6209) Systems Engineering and Informatics	(1802T001) Applied Informatics			P	Czech	Ostrava	2	Compulsory	study plan
2013/2014	(N6202) Economic Policy and Administration	(6202T027) National Economy			P	Czech	Ostrava	1	Compulsory	study plan
2013/2014	(N6202) Economic Policy and Administration	(6202T027) National Economy	(00) National Economy		P	Czech	Ostrava	1	Compulsory	study plan
2013/2014	(N6202) Economic Policy and Administration	(6202T010) Finance			P	Czech	Ostrava	2	Compulsory	study plan
2013/2014	(N6202) Economic Policy and Administration	(6202T010) Finance	(00) Finance		P	Czech	Ostrava	2	Compulsory	study plan
2012/2013	(N6202) Economic Policy and Administration	(6202T027) National Economy	(00) National Economy		P	Czech	Ostrava	1	Compulsory	study plan
2012/2013	(N6209) Systems Engineering and Informatics	(1802T001) Applied Informatics			P	Czech	Ostrava	2	Compulsory	study plan
2012/2013	(N6202) Economic Policy and Administration	(6202T010) Finance	(00) Finance		P	Czech	Ostrava	2	Compulsory	study plan

Occurrence in special blocks

Block name	Academic year	Form of study	Study language	Year	W	S	Type of block	Block owner
Subject block without study plan - EKF - P - cs	2019/2020	Full-time	Czech				Optional	EKF - Faculty of Economics	stu. block

Assessment of instruction