Second semester - Zagreb School of Economics and Management

Second semester

This course continues building on the theoretical foundation of Principles of Economics 1, as in this course students will be introduces to the Macroeconomics, and the terms and foundations of this area of economics. Therefore, this course covers topics such as distribution of income and poverty, basic macroeconomic aggregates and system of national accounts, aggregate supply and demand, multiplier in open and closed economy, the banking system and its significance for economic development, central banks, inflation and price stabilization, indebtedness, open economy – trade, exchange rate policy, comparative advantages and protectionism, and much more. Students will learn how to use basic analytical tools and models in order to critically analyze and interpret aggregate macroeconomic variables, and engage in cross-country comparisons.

The aim is to introduce students to the concept of an infinite series of numbers and functions, convergence and display functions by power series, to study the basic properties of functions of two and more variables, introduce the concept of partial derivatives, multiple integrals, curve and planar integrals and point out the most important examples.

This course aims to introduce the basic concept of probability and statistics especially the concept of discrete and continuous distribution functions. Further, it gives a foundation of probability theory and consequently it is vital for solving and modelling economic problems.

The goal of this course is to make the students familiar with existing mathematical software, especially Mathematicom and Matlab. They will develop the ability to choose the right software depending on the type of problem and will learn the right work methodology. We will comparatively present the basic skills for working with open-source packages. The acquired knowledge will be applied to the course content from mathematical lectures. Prior to finishing this course, students will finish a project assignment and will be able to use various software packages in different fields of mathematics.

The goal of this course is to make the students familiar with advanced terms and the results of linear algebra: konacno dimenzionalnog vektorskog prostora (uz pojam skalarnog produkta, norme i metrike), linearnog operatora, matričnog prikaza, karakterističnog polinoma, rang, traga operatora i primjena u rješavanju linearnih sustava jednadžbi i nejednadžbi.

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