Course ObjectiveIntroducing the principles of the fields within the bachelor.
The goal of econometrics is to describe the relations between
observations as a useful model, from which predictions and inference can
This introduction presents some first filters which can be used for a
predictions, and continues with the principles of regression, applied to
Core business in Operations Research is optimization. Several problems
from network optimisation are covered, among which the shortest path
problem, the minimal spanning tree problem, and the maximum flow
problem. For these problems, the mathematical structure is studied
leading to the design of algorithms for solving them. A glimpse will be
offered on complexity theory by analyzing the computation time of these
Within economic science frequent use is made of mathematical models.
Many of these models try to explain the choices of economic agents in
their economic environment.
In this introduction, we set the first steps in modelling mathematically
the decision processes in economics, looking both at behaviour
surrounding individual choice in strategic decision situations, and at
cooperative decision making.
Method of AssessmentExam.
The mark of the exam will only be registered officially once the
Language proficiency test (taaltoets) has been passed. (The language
test is obligatory for first-year VU students.)
Recommended background knowledgeProbability Theory, Linear Algebra, Analysis I
|Language of Tuition||English|
|Faculty||School of Business and Economics|
|Course Coordinator||dr. C.S. Bos|
|Examiner||dr. C.S. Bos|
dr. I.D. Lindner
dr. L.F. Hoogerheide
prof. dr. J.R. van den Brink
prof. dr. L. Stougie
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