Course: Economic Analysis and Forecasting

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Course title Economic Analysis and Forecasting
Course code KEM/EAPR
Organizational form of instruction Lecture + Lesson
Level of course Master
Year of study 1
Semester Winter
Number of ECTS credits 6
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)
  • Martinčík David, JUDr. Ing. Ph.D.
Course content
Collection of Economic Data and Use of Data Sources Understanding Datasets and Their Structure Assessment of Economic Data Quality Data Cleaning and Preprocessing Data Transformation and Preparation for Economic Analysis Exploratory Analysis of Economic Data Visualization of Economic Data and Analysis Results Formulating economic hypotheses and analytical questions Selecting methods for economic analysis and forecasting Creating economic and forecasting models with AI support Validating models and evaluating results Interpreting economic findings with AI support

Learning activities and teaching methods
Individual study, Lecture, Practicum
  • Preparation for an examination (30-60) - 38 hours per semester
  • Graduate study programme term essay (40-50) - 40 hours per semester
  • Contact hours - 78 hours per semester
prerequisite
Knowledge
achieve knowledge of basic courses in economics, mathematics and statistics.
Skills
distinguish the basic micro and macroeconomic approaches according their assumptions
interpret the values of micro and macroeconomic variables
Competences
N/A
N/A
learning outcomes
Knowledge
explain the methodology of modern economic forecasting
explain advanced oeconomic models
Skills
analyze the structure of economic forecasting models
formulate their own simple models
apply mathematical procedures for models solving
apply statistical methods for models estimation
interpret the results of models
Competences
N/A
teaching methods
Knowledge
Lecture
Practicum
Individual study
Self-study of literature
Skills
Practicum
Competences
Practicum
assessment methods
Knowledge
Oral exam
Seminar work
Skills
Seminar work
Competences
Oral exam
Recommended literature
  • Hušek, Roman. Aplikovaná ekonometrie : teorie a praxe. Vyd. 1. Praha: Oeconomica, 2009. ISBN 978-80-245-1623-3.
  • Meloun M., Militký J. Interaktivní statistická analýza dat. Praha: Karolinum, 2013. ISBN 978-80-246-2173-9.
  • WOOLDRIDGE, J. M. Introductory econometrics : a modern approach. 3rd ed. Mason: Thomson/South-Western, 2006. ISBN 0-324-28978-2.


Study plans that include the course
Faculty Study plan (Version) Category of Branch/Specialization Recommended year of study Recommended semester