Econometrics of International Business

Major: International Business
Code of subject: 7.292.01.O.002
Credits: 6.00
Department: Management and International Business
Lecturer: Dc. Sc. in Economics, Prof. Ihor Oleksiv
Semester: 1 семестр
Mode of study: денна
Learning outcomes: 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 7. Research and analyze models of development of national economies and justify measures to achieve their strategic goals in the transformation of world economic relations. GLO 10. Understand the patterns and trends of the world economy and the phenomenon of the new economy, taking into account the processes of intellectualization, informatization and scientific and technological exchange. GLO 12. To determine the geo-economics’ strategies of countries and their regional economic priorities, taking into account national economic interests and the security component of international economic relations in the context of global problems of mankind and the asymmetry of the distribution of world resources. А2 Carrying out research and / or innovation activities А&R 3. Ability to further study, which is largely autonomous and independent
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; autoregressive 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. Pyroh O., Oleksiv I., Poritska A. Modelling the Development of EU Digital Business // MIND Journal. – 2021. – No. 11.- р.34-42 2. Barrow M. Statistics for Economics, Accounting and Business Studies, 7th Edition, Pearson, 2017 – 168р. 3. Damodar N. Gujarati Basic Econometrics, Damodar N. Gujarati, 4th edition, 2003 – 346р. 4. Greene W. Econometric Analysis. 8th Edition, Stern School of Business, New York University. Pearson, 2018- 264р. 5. Stock S., Watson M. Introduction to Econometrics, 4th Edition, Harvard University, Pearson, 2019 – 188р. 6. Studenmund A. Using Econometrics: A Practical Guide, 7th Edition, Pearson, 2017-281р.