Econometrics of International Business
Major: International Business
Code of subject: 7.292.01.O.2
Department: Management and International Business
Lecturer: Dc. Sc. in Economics, Prof. Ihor Oleksiv
Semester: 1 семестр
Mode of study: денна
Learning outcomes: GLO 2. To think creatively, show flexibility in decision-making based on logical arguments and verified facts in a limited time and resources based on the use of various diagnostic methodologies of leading international organizations GLO 3. To systematize, synthesize and organize obtained information, identify problems, formulate conclusions and develop recommendations using effective approaches and technologies, specialized software to solve complex problems taking into account the cross-cultural characteristics of international economic relations. GLO 4. Make informed decisions on the problems of international economic relations under Kn 2. Critical comprehension of problems in education and / or professional activity and on the border of subject branches. А 1. Solving complex problems and problems that require constant updating and integration of knowledge, often in conditions of incomplete / insufficient information and conflicting requirements. А2 Carrying out research and / or innovation activities С 1. Clear and unambiguous communication of own conclusions, as well as knowledge and explanations that substantiate them, to specialists and non-specialists, in particular to students. С 2. Use of foreign languages in professional activities. АR 1. Decision-making in complex and unpredictable conditions, which requires the application of new approaches and forecasting skills.
Required prior and related subjects: prerequisite: Statistics co-requisite: International Financial Management
Summary of the subject: Subject, method and objectives of econometrics; basics of econometric modeling; pair selective linear regression; multifactor regression; methods of constructing a general linear model; multicollinearity; heteroskedasticity; autocorrelation; econometric models of dynamics; auto - regressive and distribution-lag models; lag distribution models; econometric models based on a system of structural equations..
Assessment methods and criteria: - Current control (30%): oral questioning, performance of laboratory works, performance of control works (for part-time students;); - Final control (70%): testing (50%), oral answer (20%)
Recommended books: 1. Lukyanenko IG Econometrics: Textbook./ Lukyanenko IG, Krasnikova LI // - K .: Society "Knowledge", KOO, 2003. - 494c. 2. Lukyanenko IG Dynamic stochastic models of general equilibrium. Theory of construction and practice of use in financial research: monograph / IG Lukyanenko, RBSemko.- K .: NaUKMA, 2015. - 248 p. 3. Oleksiv IB, Mirzoeva DR, Shpak Yu. N., Sroka V. Impact of remittances inflows on trend in the country's exchange rate // Education excellence and innovation management: A 2025 Vision to sustain economic development during global challenges: proceedings of the 35th International Business Information Management Association Conference (IBIMA), 1-2 April 2020 Seville, Spain. - 2020. - P. 3484–3491 4. Barrow M. Statistics for Economics, Accounting and Business Studies, 7th Edition, Pearson, 2017 – 168р. 5. Black K. Business Statistics for Contemporary Decision-Making, Wiley, 10th edition, 2019 – 200р. 6. Damodar N. Gujarati Basic Econometrics, Damodar N. Gujarati, 4th edition, 2003 – 346р. 7. Greene W. Econometric Analysis. 8th Edition, Stern School of Business, New York University. Pearson, 2018- 264р.