The purpose of this course is to introduce students in the program to the importance of using quantitative analysis techniques in the field of social sciences, especially economics.
In the course, methods of data collection and statistical processing, descriptive statistics, solving differential equations and developing macroeconomic models are presented. At the same time, students will be introduced at an introductory level to a range of methods and tools for econometric estimation of variables, simulation methods and stochastic analysis in the field of economic and social sciences.
Upon completion of the course, students are expected to be able to appreciate the usefulness of applying mathematical, statistical and econometric techniques in the field of economic theory and especially in the substantiation of economic and social policy positions and proposals.
Among the topics covered in the course are the following:
- Systems of linear and non-linear equations
- Estimation and hypothesis testing
- Probability theory and statistical principles
- Methodology and modelling tools