Sixth semester - Zagreb School of Economics and Management

Sixth semester

This course aims to make the students familiar with the basic characteristics of stochastic processes. In this course, they will learn that linear algebra and analysis are very practical mathematical courses. Students will learn the most well-known stochastic processes which are used in the field of finance.

Game theory is important for understanding various economics situations through mathematical modelling. What we intuitively feel or assume in economics is mathematically modelled in game theory. Given that game theory deals with situations of conflict, the goal is to make students recognize such situations and show them solution suggestions. The main goal of this course is for students to use their knowledge of economic theory and apply it in mathematics. Further, their analytical thinking will be developed through working on different problems.

This course aims to make students familiar with the principles of quantitative modelling in the finance field and stochastic calculus as a basic research tool in financial mathematics. The students acquire basic theoretical knowledge which is crucial for assessing the market value of financial debt instruments and selected types of derivatives.

The course develops the ability to think logically and deepens knowledge of basic computer concepts related to programming, such as tasking, task analysis, assembly algorithm, translating softwares, testing, documenting, and maintaining programs. The aim of the course is to introduce the participants with basic functions such as functions for printing, recursive functions, different types of data, program loops and branching in the program as well as mastering the techniques of solving problems and adopting concepts from the areas mentioned above.

This course comprises: optimization techniques, demand theory, demand estimation, production theory and estimation, cost theory and estimation, linear programming, risk analysis, long-run investment decisions: capital budgeting, market structures and pricing practices. A special goal of the last aforementioned topic (market structures and pricing practices) is the upgrading of microeconomic theory of supply and demand, which is developed with very restrictive assumptions of točkastih proizvođača i potrošača – without any internal structure, real theory of specific buyers and specific companies with clearly defined structures for machinery and equipment.

The goal of the subject is to offer to managers, practical economists, a synthesis of basic theoretical economic knowledge from different areas of economic theory, decision making sciences as well as from fields such as: accounting, corporate finance, marketing, human resources and production management etc. The subject is of wholly eclectic nature because in it students do not obtain any new knowledge which they have not yet obtain in subjects like: microeconomics, macroeconomics, mathematical economics, econometrics, functional domains, logistics. In this subject, through case studies and discussions, students learn how to integrate and coordinate different economic fields for the sake of making the best possible decisions in business environments. Namely, business decisions cannot be made without combining knowledge from all above mentioned subjects, experience and business intuition.

Outcomes - an individual is to:
• select a company /institution/organization whose business activity is compatible with the study program
• research relevant data for a selected business entity (company)
• describe job and work tasks that have been performed
• apply previously acquired theoretical and professional knowledge in solving specific work tasks with an emphasis on the application of analytical tools in business practice
• synchronize knowledge and skills with the types and ways of doing work tasks
• develop a positive attitude towards the rules of conduct of the employer, the employees (team work), the rules of safety and safety at work, instructions and recommendations of mentors and other authorized persons.
• demonstrate, through the conduct of professional practice, a high level of personal and professional accountability

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