Quantitative Methods in Economics Analysis

Μάθημα: Quantitative Methods in Economics Analysis
Course Number: ECO0005
Ώρα:
Προαπαιτούμενα:
Μονάδες: 5
Αίθουσα:
Ημέρα:
Component(s):
Χάρτης: Map

COURSE OUTLINE

  1. GENERAL
SCHOOL AGRICULTURAL AND FORESTRY SCIENCES
DEPARTMENT AGRICULTURAL DEVELOPMENT
LEVEL OF STUDIES 7
COURSE CODE ECO0005 SEMESTER 6th
COURSE TITLE QUANTITATIVE METHODS IN ECONOMIC ANALYSIS
TEACHING ACTIVITIES
If the ECTS Credits are distributed in distinct parts of the course e.g. lectures, labs etc. If the ECTS Credits are awarded to the whole course, then please indicate the teaching hours per week and the corresponding ECTS Credits.		 TEACHING HOURS PER WEEK ECTS CREDITS
Lectures and exercises  (3+2) 5
     
     
Please, add lines if necessary. Teaching methods and organization of the course are described in section 4.    
COURSE TYPE

Background, General Knowledge, Scientific Area, Skill Development

 Specialization
PREREQUISITES:

 

  
TEACHING & EXAMINATION LANGUAGE: Greek
COURSE OFFERED TO ERASMUS STUDENTS: Yes (in English)
COURSE URL: https://eclass.duth.gr/courses/OPE01245/
  1. LEARNING OUTCOMES
Learning Outcomes
Please describe the learning outcomes of the course: Knowledge, skills and abilities acquired after the successful completion of the course.
Upon the completion of the course the students should be able to;

·        get an insight to the applicability of the mathematics in the study of economic theory.

·        To apply the appropriate methodology for the study of an economic phenomenon
General Skills
Name the desirable general skills upon successful completion of the module
Search, analysis and synthesis of data and information,

ICT Use

Adaptation to new situations

Decision making

Autonomous work

Teamwork

Working in an international environment

Working in an interdisciplinary environment

Production of new research ideas

 Project design and management

Equity and Inclusion

Respect for the natural environment

Sustainability

Demonstration of social, professional and moral responsibility and sensitivity to gender issues

Critical thinking

Promoting free, creative and inductive reasoning
  • Knowledge in Mathematics
  • Analytical and synthetically thought

 
  1. COURSE CONTENT
  1. Concepts (Definition of economic model, type variables, type equations)
  2. Elasticity Introduction, elasticity of demand to price elasticity of supply on price,
  3. Prices of elasticity, the elasticity of demand with multiple independent variables.
  4. Comparative statics and the use of derivative; What is comparative static analysis, marginal revenue functions – cost,
  5. Determination of marginal revenue from the revenue function, define the marginal cost of the function, cost,
  6. marginal product of work in classical economic system instantaneous rate of growth in the economy.
  7. Maximum-minimum economic theory general, Revenue Boundary Change,
  8. Maximizing – minimizing economic functions, maximize revenue, Minimum average cost,
  9. Profit- maximizing in monopoly market, profit maximizing monopoly with tax, maximizing tax revenue.
  10. The integration in economic theory, Applications of indefinite integrals in economic theory,
  11. Finding the overall function of the limit function, saving function
  12.  Finding the limit moment of saving, capital accumulation, Value net investment

13.    Applications of certain integral to the economic theory of consumer surplus, producer surplus capital accumulation at a given time).
  1. LEARNING & TEACHING METHODS – EVALUATION
TEACHING METHOD
Face to face, Distance learning, etc.		 Face to face, Distance Learning with Microsoft Teams Platform
USE OF INFORMATION & COMMUNICATIONS TECHNOLOGY (ICT)
Use of ICT in Teaching, in Laboratory Education, in Communication with students		 §  Power point

§  e-class
TEACHING ORGANIZATION

The ways and methods of teaching are described in detail.

Lectures, Seminars, Laboratory Exercise, Field Exercise, Bibliographic research & analysis, Tutoring, Internship (Placement), Clinical Exercise, Art Workshop, Interactive learning, Study visits, Study / creation, project, creation, project. Etc.

 

The supervised and unsupervised workload per activity is indicated here, so that total workload per semester complies to ECTS standards.
Activity Workload/semester
Activity Semester workload

 
Lectures 39
Exercises 26
Individual study 60
   
Course total

(25-hour workload per credit unit)

  

125
Student Evaluation

Description of the evaluation process

 

Assessment Language, Assessment Methods, Formative or Concluding, Multiple Choice Test, Short Answer Questions, Essay Development Questions, Problem Solving, Written Assignment, Essay / Report, Oral Exam, Presentation in audience, Laboratory Report, Clinical examination of a patient, Artistic interpretation, Other/Others

 

Please indicate all relevant information about the course assessment and how students are informed 

 

Written exams at the end of the semester both on theory and midterm test.

 

 
  1. SUGGESTED BIBLIOGRAPHY
               A. C. Chiang  Fundamental Methods of Mathematical Economics Third Edition, Published February 1st 1984 by McGraw-Hill, Inc.

Koutroumanidis T., Zafeiriou e., Quantitative Economic Analysis. Methods and Applications. Ziti editions  (in Greek)

 

 

 

 

 

 

ANNEX OF THE COURSE OUTLINE

 

Alternative ways of examining a course in emergency situations

 

Teacher (full name): Eleni Zafeiriou
Contact details: ezafeir@agro.duth.gr
Supervisors: (1) Yes
Evaluation methods: (2) Written Exam /Mid term test
Implementation Instructions: (3) The subjects of the exams will be provided through a file that will be uploaded in the field ‘projects’ for a specific time period according to the program of exams.

The answers by the students will be provided by the students through multimedia files.

Each exercise will be graded while the exam contribution will be 100%,

The exam is simultaneous for all the students

The participation in the exams can be done with the use of their institutional account.