Mathematical and economic literature as recommended by the supervisor of the bachelor's thesis.

The bachelor thesisis evaluated by the supervisor, the opponent and the defense committee for the state final examinations. Out of a maximum of 100 points, at least 95 points are required for an A grade, at least 83 points for a B grade, at least 68 points for a C grade, at least 55 points for a D grade, and at least 50 points for an E grade.

Slovak language and English language

Preparation of the bachelor's thesis.

1. Preparation of a PowerPoint presentation on the methods and results of the bachelor's thesis.

2. Familiarization with the supervisor's and opponent's assessments and preparation of responses to them.

3. Defense of the bachelor's thesis before the state final examination committee.

After successfully defending the thesis, the student will be able to formulate economic problems solved at the microeconomical or macroeconomical level as mathematical models, solve these models mathematically, and interpret the results of the solutions economically.

Felderer, B. – Homburg, S.: Makroekonomika a nová makroekonomika. Elita, Bratislava 1995. Mlynarovič, V – V. Miťková.: Makroekonomická analýza, IURA Edition, Bratislava, 2010 Pentecost, E., J.: Macroeconomics, MacMillan Press, Ltd., London, 2000.

Varian, Hal R.: MicroeconomicAnalysis. New York, W.W. Norton&Company 1992. Fendek, Michal: Kvantitatívna mikroekonómia. Bratislava, IURA Edition 1999.

the exam is evaluated by the commission

evaluation A B C D E Fx

points 91-100 81-90 73-80 66-72 60-65 <59

Slovak language and English language

1. Macroeconomic aggregates and the system of national accounts. Measurement of economic output. Gross domestic product and methods of measurement. Gross national product. Savings, taxes and investment. Measurement of inflation, employment and income.

2. Theory of economic growth. Measurement of the dynamics of economic growth. Full employment and potential GDP. Malthusian theory. Solow's growth model.

3. Scientific and technological progress and economic growth. Endogenous growth theory. Neoclassical growth theory.

4. Income equilibrium models and the multiplier. Solving problems defined in an open economy model. Short-run fluctuations.

5. Financial markets and aggregate demand. IS-LM Model of an open economy. Model formulation and graphical interpretation.

6. Model of economic fluctuations. Phillips curve. Aggregate demand and price adjustment. Price and demand shocks. Exchange rates and price level.

7. Legal regulations and institutions of the financial market. The role of regulators in financial markets.

8. Operations of commercial banks. The payment system.

9. Economic analysis of a bank (balance sheet, income statement, cash flow statement). Performance indicators of a bank.

10. Theory of consumer behavior. Consumer preferences and the existence of utility functions. Budget constraint. Formulation of the consumer problem and its analytical and graphical solutions.

11. Elasticity of individual and market demand. Types and properties of elasticity and economic interpretation.

12. Marginal utility and marginal rate of substitution. Properties of the optimal consumption strategy in the case of Cobb-Douglas preferences.

13. Modeling of the production process (production function and isoquant function) and marginal product, the set of production strategies and the set of efficient production strategies. Types of economies of scale and optimality of solutions.

14. Explain and derive the profit maximization problem of a firm under conditions of perfect competition. Profit maximization of a firm in the short and long run.

15. Substitution between inputs in the production process and the marginal rate of technical substitution. The relationship between the technical substitution rate and the profit maximization of a firm.

16. Cost functions (average cost, average variable cost, marginal cost) and their relationships. Short-run and long-run cost functions.

17. Market structures under imperfect competition. Maximization of monopoly profit. Cournot's model and cartel, Stackelberg's model

After successfully passing the state exam in economic theory, students are able to formulate microeconomic and macroeconomic problems solved at the level of businesses or within the framework of public authorities as mathematical models, to solve these models mathematically and to interpret the results of the solutions economically.

Laščiak, A. a kol.: Optimálne programovanie. Alfa, Bratislava 1983

Ivaničová, Z., Brezina, I., Pekár, J.: Operačný výskum. IURA Edition, Bratislava, 2002 Mlynarovič, V.: Modely a metódy viackriteriálneho rozhodovania, Bratislava, Ekonóm, 1998. Laščiak, Adam a kolektív: Dynamické modely. Bratislava, Alfa 1985, kapitola 1.

Muckstadt, John A. - Sapra, Amar: Principles of inventory management. When you are down to four, order more. New York, Springer 2010, kapitola 4.

Hatrák, M. (2007) Ekonometria. IURA Edition, Bratislava

Hill, R.C., Griffithss, W.E. and Judge, G.G. (2001) Undergraduate Econometrics. Wiley

the exam is evaluated by the commission

evaluation A B C D E Fx

points 91-100 81-90 73-80 66-72 60-65 <59

Slovak language and English language

1. Operational research - object of study, tasks of analysis, tasks of synthesis. Modeling of economic problems as tasks of linear programming. Application of optimization principles in microeconomic theory.

2. Models of input-output analysis. Applications of Leontief's input-output model. Application of equilibrium principles in macroeconomics.

3. Duality theory in linear programming. Economic interpretation of dual problems of linear programming tasks. Application of duality theory in competitive models.

4. Linear programming task and its properties, the concept of solving a linear programming task. The simplex method algorithm as a tool for solving linear programming tasks. Graphical and economic interpretation.

5. Sensitivity analysis of the optimal solution of a linear programming task and stability in real economic decision-making processes.

6. Multicriteria decision-making tasks - goal programming as a trade-off in real economic decision processes.

7. Transportation and assignment problems - formulation and solution methods.

8. Nonlinear programming tasks: Classification and principles of their solution. Modeling economic problems by linear or nonlinear models. The portfolio selection problem as a nonlinear programming task.

9. Econometric model, linear one-equation model, general linear model and their applications in macroeconomic models.

10. Sources and characteristics of random disturbances in the model. Standard statistical assumptions of the linear one-equation linear model.

11. Estimation of the parameters of the linear model. Statistical properties of estimators. The method of least squares, its properties in the case of a standard model.

12. Estimation of the variance of a random perturbation. Interval estimates and hypothesis tests of model parameters. Measurement of quality of fit (coefficients of determination and information criteria).

13. Models with dummy variables and their application in econometric models

14. Specification of the linear model, specification errors, their detection, their solution and their consequences for the quality of estimation (multicollinearity, omitted variable, redundant variable, functional form of the model).

15. Econometric models in which the random disturbances do not conform to standard assumptions (heteroscedasticity and autocorrelation).

16. Application of the one-equation model to forecasts (exogenous and endogenous variables), forecast errors. Prediction of the dynamics of the development of the GDP of Slovakia