Bachelor
2019/2020
Economic-Mathematic Models in Management
Category 'Best Course for New Knowledge and Skills'
Type:
Compulsory course (International Business and Management Studies)
Area of studies:
Management
Delivered by:
Department of Management
When:
2 year, 1, 2 module
Mode of studies:
offline
Language:
English
ECTS credits:
5
Contact hours:
66
Course Syllabus
Abstract
In addition to the basic conceptual skills modern manager must be able to assess the need for resources and plan their use in solving problems in professional activities, to work with information: to find, evaluate and use information from various sources necessary to solve scientific and professional problems (including the basis of system approach), to participate in the development of human management strategy of organizations, plan and perform activities aimed for its implementation, to choose mathematical models of organizational systems, to analyze their adequacy, to adapt models to specific management task. Course consists of 2 modules.
Learning Objectives
- The ability to work in a team (UC – 7)
- The ability to suggest organizational and management decisions and to evaluate the conditions and consequences of these decisions (PC – 2)
- The ability to conduct an anlaysis of the competitive environment (PC – 20)
- The ability to conduct analyses of market and specific risks for taking management decisions (PC – 25)
Expected Learning Outcomes
- Independently searches for information; forms a solution to the problem put up for discussion; independently studies foreign and Russian experience of mathematical modeling.
- Speaks to the group with the solution to the case; reports to the group the control work performed.
- Applies the theoretical knowledge in the field of economic and mathematical modeling when working on the project.
- Applies and justifies the choice of tools for economic and mathematical modeling
Course Contents
- Economic and mathematical modeling in the management system
- Modeling the organization of labor: the network model
- Mathematical methods for valuation of costs of labor and material resources
- Production plan optimization: linear programming
- Multicriteria and nonlinear programming
- Duality in linear programming
- Mathematical methods and models of economic forecasting
- Firm sybernetics
- Investment modeling and analysis of its efficiency
- Production function models
- Models and methods of economic decision-making
Interim Assessment
- Interim assessment (2 module)0.21 * classwork + 0.3 * Exam + 0.14 * Test1 + 0.14 * Test2 + 0.21 * Test3
Bibliography
Recommended Core Bibliography
- Fuente, A. de la. (2000). Mathematical Methods and Models for Economists. Cambridge University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.b.cup.cbooks.9780521585293
Recommended Additional Bibliography
- Makridakis, S., Wheelwright, S. C., & Hyndman, R. J. (1998). Forecasting: Methods and Applications. Cyprus, Europe: John Wiley & Sons, Inc. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.F848CE7