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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.
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