Course: Economics I

« Back
Course title Economics I
Course code MUE/2EKO1
Organizational form of instruction Lecture
Level of course Master
Year of study not specified
Semester Winter
Number of ECTS credits 6
Language of instruction Czech
Status of course Compulsory
Form of instruction Face-to-face
Work placements This is not an internship
Recommended optional programme components None
Lecturer(s)
  • Dohnalová Zuzana, doc. Ing. Ph.D.
  • Kloudová Jitka, doc. Ing. Ph.D.
Course content
- Theory of consumer choice. - Decision-Making under Risk. - Theory of production and costs. - Market strukture and perfect competition model - Market strukture and Inperfect competition model - Factor markets, supply and demand on factor markets, labour market. - Capital market, interest rate, investment decision making. - Market silure. The role of the state. - General equilibrium theory. - Microeconomic policy of the state.

Learning activities and teaching methods
Lecturing, Methods for working with texts (Textbook, book)
  • Participation in classes - 18 hours per semester
  • Home preparation for classes - 40 hours per semester
  • Term paper - 20 hours per semester
  • Preparation for examination - 40 hours per semester
  • Preparation for course credit - 30 hours per semester
learning outcomes
Knowledge
to explain rational consumer behaviour using indifference analysis at an advanced level
to explain rational consumer behaviour using indifference analysis at an advanced level
to explain the firm's quantity and price maximisation decisions under different competitive conditions
to explain the firm's quantity and price maximisation decisions under different competitive conditions
describe the rational behaviour and decision-making of market actors in factor markets
describe the rational behaviour and decision-making of market actors 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.
describe the factors that distort market equilibrium and the efficient functioning of markets
describe the factors that distort market equilibrium and the efficient functioning of markets
Skills
assess the behaviour of economic agents that create supply or demand in markets
assess the behaviour of economic agents that create supply or demand in markets
evaluate the functioning of the market process and the influence of market structure
evaluate the functioning of the market process and the influence of market structure
evaluate optimal consumer choice using indifference analysis when income and goods prices change
evaluate optimal consumer choice using indifference analysis when income and goods prices change
calculate and evaluate the profit maximization point under different types of competition
calculate and evaluate the profit maximization point under different types of competition
apply the basic analytical tools of microeconomics to describe and analyze real-world problems while avoiding common analytical errors
apply the basic analytical tools of microeconomics to describe and analyze real-world problems while avoiding common analytical errors
assess the conflict between the efficient functioning of markets and economic justice in society
assess the conflict between the efficient functioning of markets and economic justice in society
teaching methods
Knowledge
Methods for working with texts (Textbook, book)
Lecturing
Lecturing
Methods for working with texts (Textbook, book)
assessment methods
Oral examination
Grade (Using a grade system)
Oral examination
Written examination
Written examination
Grade (Using a grade system)
Recommended literature
  • FRANK, ROBERT H. Mikroekonomie a chování. Praha: Svoboda, 1995. ISBN 8020504389.
  • HOLMAN, R. Mikroekonomie. Středně pokročilý kurz. Praha: C.H. Back, 2007. ISBN 978-80-7179-862-0.
  • PINDYCK, S.R., RUBINFELD L.D. Microeconomics. Eight edition. Pearson, 2013. ISBN 978-0-13-304170.
  • SOUKUPOVÁ, J., HOŘEJŠÍ, B., MACÁKOVÁ, I., SOUKUP, J. Mikroekonomie. Praha: Management Press, 2012. ISBN 978-80-7261-218-5.
  • VARIAN, R. H. Intermediate Microeconomics a Modern Approach.. W. W. Norton & Company;, 2014. ISBN 0393920771.
  • VARIAN, R. H. Mikroekonomie. Moderní přístup. Praha: Victoria Publishing, 1993. ISBN 80-85865-25-4.


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