Course: Microeconomics

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Course title Microeconomics
Course code MUE/LAMMI
Organizational form of instruction Lecture
Level of course Bachelor
Year of study not specified
Semester Winter
Number of ECTS credits 4
Language of instruction Czech
Status of course unspecified
Form of instruction Face-to-face
Work placements This is not an internship
Recommended optional programme components None
Lecturer(s)
  • Dobeš Kamil, Ing. Ph.D.
  • Taraba Pavel, Ing. Ph.D.
Course content
Topics: - Introduction to economic studies. Basic problems of economic organization. Basic methodical habits. - The market and the market mechanism. - Consumer behavior and demand shaping. - Supply on the products and services market. - Firm in conditions of perfect competition and supply formation. Balance perfectly competitive market. - Imperfect competition. Monopoly. - Oligopoly. Monopolistic competition. Alternative goals of the company. - The market of primary production factors and the formation of their prices. - Labour market and wages. - Capital market. Distribution of pension. - Market failure. Impact of state on microeconomic entities.

Learning activities and teaching methods
Lecturing, Methods for working with texts (Textbook, book)
  • Home preparation for classes - 36 hours per semester
  • Term paper - 18 hours per semester
  • Preparation for examination - 40 hours per semester
  • Preparation for course credit - 30 hours per semester
  • Participation in classes - 42 hours per semester
learning outcomes
Knowledge
explain the basic overview of the economic system, the functioning of the market economy under conditions of perfect and imperfect competition and the decision-making of economic entities.
explain the basic overview of the economic system, the functioning of the market economy under conditions of perfect and imperfect competition and the decision-making of economic entities.
describe the formation and laws of market demand in various markets for goods and services.
describe the formation and laws of market demand in various markets for goods and services.
explain consumer decision-making using indifference analysis.
explain consumer decision-making using indifference analysis.
describe the formation and laws of market supply in the markets of goods and services.
describe the formation and laws of market supply in the markets of goods and services.
explain the firm's quantity and price decisions under different types of competition.
explain the firm's quantity and price decisions under different types of competition.
describe the behavior of market entities acting in factor markets.
describe the behavior of market entities acting in factor markets.
explain the interconnectedness and efficiency of individual markets using general equilibrium principles.
explain the interconnectedness and efficiency of individual markets using general equilibrium principles.
explain the conditions that establish equilibrium in all markets simultaneously.
explain the conditions that establish equilibrium in all markets simultaneously.
Skills
assess the behavior of economic entities that create supply or demand in markets.
assess the behavior of economic entities that create supply or demand in markets.
evaluate the functioning of the market process and the influence of the market structure.
evaluate the functioning of the market process and the influence of the market structure.
assess and estimate the elasticity of demand.
assess and estimate the elasticity of demand.
represent and assess the consumer optimum using indifference analysis.
represent and assess the consumer optimum using indifference analysis.
illustrate and evaluate the profit maximization point under different types of competition.
illustrate and evaluate the profit maximization point under different types of competition.
use the basic analytical tools of microeconomics to describe and analyze real-world problems while avoiding common analytical errors.
use the basic analytical tools of microeconomics to describe and analyze real-world problems while avoiding common analytical errors.
assess the implications of changes in demand, costs, market structure and basic changes in government economic policy.
assess the implications of changes in demand, costs, market structure and basic changes in government economic policy.
teaching methods
Knowledge
Methods for working with texts (Textbook, book)
Methods for working with texts (Textbook, book)
Lecturing
Lecturing
assessment methods
Grade (Using a grade system)
Grade (Using a grade system)
Written examination
Written examination
Oral examination
Oral examination
Recommended literature
  • Besanko, D., Brauetigam, R. R., Rockett, K. Microeconomics: international student version. 2015.
  • Dohnalová, Z., Dobeš, K. Mikroekonomie pro bakalářské studium - cvičebnice. Zlín, 2009.
  • Dohnalová, Z. Mikroekonomie pro bakalářské studium. Zlín, 2009.
  • Holman, Robert. Ekonomie. 1. vyd. Praha : C. H. Beck, 1999. ISBN 8071792551.
  • Jurečka, V. Mikroekonomie. 2013. ISBN 978-80-247-4385-1.
  • Macáková, Libuše. Mikroekonomie : základní kurs. Vyd. 7. Slaný : Melandrium, 2002. ISBN 8086175200.
  • Mankiw, N.G. Zásady ekonomie. Praha : Grada, 2000. ISBN 80-7169-891-1.
  • Rubinfeld, Daniel L. Microeconomics. 6th ed. Upper Saddle River, N.J : Pearson Prentice Hall, 2005. ISBN 131912070.
  • SAMUELSON, P.A., NORDHAUS, W.D. Ekonomie. Praha : Svoboda, 1995. ISBN 80-205-0494-x.
  • Schiller, Bradley R. Essentials of economics. 6th ed. Boston : McGraw-Hill/Irwin, 2007. ISBN 0-07-340279-6.


Study plans that include the course
Faculty Study plan (Version) Category of Branch/Specialization Recommended year of study Recommended semester