Széchenyi 2020
Budapesti Corvinus Egyetem ×

Institute of Mathematics and Statistical Modeling

The aim of the Mathematics and Statistics Modeling Institution is basically to develop scientific models of Economics and to empower its students with the knowledge required for this. 

Economical modelling has a long standing history within the University, mainly centered around the Institution (and it’s legal predecessors). The task of economical modelling is diverse, the accomplishments of the Institution’s staff are regarded as a benchmark reference in many areas.  

We cultivate the following areas, among others:

  • mathematics; analysis essential for producing economic and social analyses; probability calculation; studying and application of algebra;
  • descriptive and inferential statistics; and econometrics, which is one of the cornerstones of virtually any quantitative analysis for economic or business purposes;
  • actuarial sciences, including not only insurance mathematics in its narrow sense, but also demography, financial models of insurance contracts, and the use of statistics for insurance purposes;
  • game theory, in the development of which both mathematics and economics play a decisive role;
  • operations research, which aims to use resources efficiently;
  • data analysis, which means, among others, the use of information available within a company for business purposes;
  • narrower areas include stochastics of financial processes; quantitative models of energetics; models of national accounts; price models; welfare research; spatial analyses (Spatial Statistics).

Numerous studies in the field of economic modelling have been published in the most prestigious international journals. Educational activities are of two layers, on the one hand, we teach a wide range of methodological subjects that are essential for studying economics; and, on the other hand, we satisfy the needs, in a methodologically sound manner, of students who are interested in serious and deep mathematics, statistics, operations research, and data analysis. 

Events, success stories, and what we are proud of

Research Seminars at the Institute

Details of lecture:

  • The lecture will be held online (via Zoom):
  • Date and time: 23 April 2021 (Friday) 13:40-15:10
  • Speaker: Dr. Előd Takáts (Bank for International Settlement (BIS))
  • Title of lecture: Inflation and demography through time 


Demography accounts for a large share of low frequency inflation variation in 22 countries from 1870 to 2016. The dependent population (young and old) is associated with higher, and the working age population with lower inflation. The relationship is robust across different sub-samples and specifications, including dynamic Phillips curve settings, suggesting that it is not spurious. A natural experiment involving exogenous population shocks from the two world wars provides further support for the relationship. The observed pattern is broadly consistent with delayed monetary policy responses to demography-induced changes in the natural interest rate.

Topic: MSMI seminar: Előd Takáts

Time: Apr 23, 2021 01:40 PM Budapest

Join Zoom Meeting

Meeting ID: 970 6222 3698

Passcode: 446974

Data Analysis in Practice Lecture Series

The next speaker of our Lecture Series on Data Analysis in Practice is Viktor Tisza (WorldQuant Predictive) data scientist, who will present a practical application of neural networks and artificial intelligence. 
Data Analysis in Practice: Lecture by Viktor Tisza (WorldQuant Predictive)

Facebook link: 

The lecture will be held via the Zoom platform.

Date and time: 6 April 2021, Tuesday, 17:00-18:30. 

Optimization Seminar

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GEN.:2021.09.27. - 13:53:43