Econometrics of International Business

Major: International Economic Relations
Code of subject: 7.292.00.O.002
Credits: 6.00
Department: Management and International Business
Lecturer: Ihor Oleksiv
Semester: 1 семестр
Mode of study: денна
Learning outcomes: LO 2. 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 LO 3. To systematize, synthesize and organize the received information, to identify problems, to formulate conclusions and to develop recommendations, using effective approaches and technologies, the specialized software for the purpose of the decision of difficult problems of practical problems taking into account cross-cultural features of subjects of the international economic relations. . LO 4. Make informed decisions on the problems of international economic relations under uncertain conditions and requirements. K 2. Critical comprehension of problems in teaching and / or professional activity and on the border of subject branches. S 1. Solving complex problems and problems that require constant updating and integration of knowledge, often in conditions of incomplete / insufficient information and conflicting requirements. S 2. Carrying out research and / or innovation activities C 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. C 2. The use of foreign languages in professional activities. AR 1. Decision making in difficult 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: Place of Econometrics among other disciplines. One-variable regression model. Multiple regression. Autocorrelation. Distributed-lag and autoregressive model. Simultaneous-equation model.
Assessment methods and criteria: - Current control (30%): oral questioning, lab works, performance of calculation and graphic work; - Final control (70%): semester control (written (50%) and oral component (20%))
Recommended books: 1. Black K. Business Statistics for Contemporary Decision-Making, 2019, Wiley, 10th edition 2. Feshchur et al. Statistics. – Lviv, „Intelect-Zahid”, 2003. – 576 с. 3. Damodar N. Gujarati (2003) Basic Econometrics, Damodar N. Gujarati, 4th edition.