Use of Software in Economics

This subject allows students to become familiar with the way of solving economic problems by means of statistical and econometric methods and models, all with the application of software.

Solving complex problems in the economy and society by applying the most popular statistical and econometric software, among which EViews and SPSS stand out. Students are thus trained to independently use the said software for business purposes, which allows them to become more competitive in the labor market.

The structure of the subject can be divided into two parts, the first of which relates to solving specific practical problems through the application of the software EViews, and the other through the application of the SPSS statistical software. In the first part, where the software Eviews is applied, problems in the field of economic-mathematical methods and models, as well as econometrics are solved. Some of the areas are: simple and multiple linear regression models – presumptions; Statistical tests of significance; Autocorrelation; Heteroscedasticity; Multicollinearity; Artificial variables and nonlinear models of binary choice; The second part uses SPSS software to solve problems in the field of statistics and multivariate analysis.

Lectures, exercises and seminar classes (preparation and presentation of examples - an integral part of the exam). Practical lessons from the above mentioned software.

Colloquium I (0-20 points); Colloquium II (0-20 points); Final exam (0-50 points); Attendance (2point); Class activities (seminar papers, discussions, case studies) (0-8 points)

Mladenović, Z., Nojković, A. (2011). A Collection of Solved Problems in Econometrics. Belgrade: Faculty of Economics; SPSS (2003). SPSS Advanced Models 12.0. Chicago: SPSS Inc.