Econometric Modelling in Microeconomics 130451-D
Wykład (WYK) Semestr zimowy 2023/24

From microeconomics to macroeconomics and back. Behavioral economics, economic psychology.

Sources of statistical data to microeconometric analysis.

Microeconometric modelling - selected methods.

General equilibrium. Walras model. Arrow-Debreu model.

Applied general equilibrium models. Representative consumer, representative producer.

Consumer choice modelling. Preferences, utility, demand. Demand functions.

Economic welfare, well-being and happiness of the household - general remarks, theory, and empirical measurement.

Microeconomic description of the production process, selected issues.

Examples of production and utility functions.

Nested production and utility functions.

National accounts. Input-output tables. SAM table.

Modeling consumer and producer choices at the macroeconomic level.

Applied general equilibrium model - an example.

Division of variables into exogenous and endogenous. Closing the model.

Interpretation of results in the light of economic theory.