Course detail

Microeconomics 2

FP-PmikKAcad. year: 2015/2016

Microeconomics seeks to understand the forces influencing the choices individuals make as they cope with the problem of scarcity. Much of the analysis here is based on the assumption that human behavior is predictable. In analyzing economic phenomena, many simplifications are made to isolate the basic constraints under which persons must make decisions. The role of prices in influencing economic decisions is studied extensively in microeconomics. The aim of the subject is to teach students use the theory in practice and course will focus on consumer behavior, theory of the firm, production and costs, perfect competition, imperfect competition, game theory and factor market.

Language of instruction

Czech

Number of ECTS credits

5

Mode of study

Not applicable.

Learning outcomes of the course unit

Student will know on advanced level systematic interpretation micro - economic tools, by the help of them it is possible analyze concrete cases market behaviors individuals and firms. In terms of subject I'll students also familiarized with using tools micro - economics analyses to evaluation effects economic policy (especially then in her structural or micro - economics parts ) on act individuals and firms.

Prerequisites

Expect of knowledge from economics range baccalaureate studies

Co-requisites

Not applicable.

Planned learning activities and teaching methods

Lectures consist of an explanation of basic principles, methodology of the discipline, problems and their solutions.

Assesment methods and criteria linked to learning outcomes

Credit test is necessary to make minimally 50%. Test will contain numerical problems and theoretical examples from lessons. Credit test will write last lesson or in the beginning every final exam.

Form of exam is written. Student can ask for mount exam (health reasons). Exam will contain 100 points (5 instances, resp. theoretic questions)

Scale for resulting classification:
A: 90 - 100 p.
B: 80 - 89 p.
C: 70 - 79 p.
D: 60 - 69 p.
E: 50 - 59 p.
F: less than 50 p.

Course curriculum

Syllabus:
1. Introduction to the Microeconomics
2. Consumer Theory
3. Theory of the firm
4. Production and Costs
5. Perfect competition – Market Equilibrium
6. Imperfect competition – Monopoly
7. Monopoly and Price Discrimination
8. Oligopoly
9. Monopolistic Competition
10. Alternative Theories of the Firm
11. The Market for Factors of Production - Perfect and Imperfect Competition
12. The Market for Factors of Production – Supply and Demand
13. Investment, Time and Capital Markets

Work placements

Not applicable.

Aims

Economic theories make assumptions about the way people behave. The implications of these assumptions for human actions are then traced, using logic.

Specification of controlled education, way of implementation and compensation for absences

No control.

Recommended optional programme components

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

BAYE, M. Managerial Economics and Business Strategy. New York: McGraw - Hill, 2006. 620 s. (EN)
FRANK,R.H. Mikroekonomie a chování, 1. vyd. Praha: Nakladatelství Svoboda, 1995. 765s. ISBN 25-042-95 (CS)
KEŘKOVSKÝ, M. Ekonomie pro strategické řízení, vyd. Praha: C. H. Beck, 2004, 184s. ISBN: 80-7179-885-1 (CS)
LUŇÁČEK, J., BENEŠ, J.,Mikroekonomie, 2006 CERM Brno, ISBN 80-214-3293-4 (CS)
SOUKUPOVÁ, J. - HOŘEJŠÍ, B. - MACÁKOVÁ, L. - SOUKUP, J. Mikroekonomie. Management Press, 2. vydání, Praha 1999, 548s., ISBN 80-7261-005-8 (CS)

Recommended reading

GWARTNEY, James D. aj. Economics: Private and Public Choice. South-Western/Cengage Learning, 2005. ISBN 9780324205640. (EN)
HYMAN, D. N. Modern Microeconomics : Analysis and Applications. 2. vyd. Homewood: Irwin, 1989. ISBN 0-256-07485-2. (EN)
JEHLE, G. A. RENY, P. J. Advanced microeconomic theory. 2. vyd. Boston: Addison Wesley, 2001. 543 s. The Addison-Wesley series in economics. ISBN 0-321-20453-0. (EN)
KOUTSOYIANNIS, A. Modern Microeconomics. 2. vyd. Basingstoke: Macmillan Press, 1979. 11 s. ISBN 0-333-25349-3. (EN)
MANSFIELD, E. Managerial economics. 1. vyd. New York: W. W. Norton & Comp., 1990. ISBN 0-393-95728-4. (EN)
SCHILLER, Bradley R. Mikroekonomie dnes. Brno : Computer Press, 2004. 404 s. ISBN 80-251-0109-6. (CS)
VARIAN, H. R. Intermediate microeconomics : a modern approach. 8. vyd. New York: W.W. Norton & Co., 2010. 739 s. ISBN 978-0-393-93424-3. (EN)

Classification of course in study plans

  • Programme MGR-KS Master's

    branch MGR-PFO-KS , 1 year of study, summer semester, compulsory

Type of course unit

 

Lecture

20 hod., optionally

Teacher / Lecturer

Syllabus

Seminars:
BASIC TOOLS
CONSUMER BEHAVIOR
THEORY OF THE FIRM
PRODUCTION, COSTS
PERFECT COMPETITION
MONOPOLY
OLIGOPOLY
MONOPOLISTIC COMPETITION
GAME THEORY
FACTOR MARKET

Guided consultation

35 hod., optionally

Teacher / Lecturer