Course detail
Microeconomics 1
FP-Umik1PAcad. year: 2016/2017
This course is designed to acquaint student with the basic tools of microeconomics. Economics is the study of how society allocates its scarce resources, and microeconomics is the study of the behaviour of households and firms, whose collective decisions determine how resources are allocated in a free market economy.
Language of instruction
Number of ECTS credits
Mode of study
Department
Learning outcomes of the course unit
Prerequisites
Co-requisites
Planned learning activities and teaching methods
Assesment methods and criteria linked to learning outcomes
Evaluation of the seminars consists of three parts:
1. final test – it’s evaluated a maximum of 30 points, the minimum is 18 points.
2. quick tests – maximum of 9 points.
3. 100% attendance – maximum 1 point.
Student has to attend at least 75% of seminars. Apology letter should be send to the teacher in 5 working days.
Quick tests can be written any time during the semester. There will be 3 quick tests and each test is maximum of 3 points. Student can write quick test for second time. But it can be done before the next quick test. When the student want to write the third quick test for second time, it has to be done before the final test.
Final test is evaluated a maximum of 30 points. The minimum is 18 points. Student can write this test for the second time, if he/she won’t pass for the first time.
A final exam consists of written exam - student has to obtain at least 33 pts from 60 pts (approximately 14-18 exam questions)
A final scale for a valuation of student (a student can obtain max. 40 pts from seminars, 60 pts from written exam, total 100 pts):
A: 90 - 100 pts
B: 80 - 89 pts
C: 70 - 79 pts
D: 60 - 69 pts
E: 50 - 59 pts
F: less then 50 pts
Course curriculum
• The basics of supply and demand
• Consumer behaviour
• Individual and market demand
• Production
• The cost of production
• Profit maximization and competitive supply
• The analysis of competitive markets
• Imperfect competition: monopoly and monopsony
• Pricing with market power
• Monopolistic competition and oligopoly
• Markets for factor inputs
• Impact of governments decision
• Externalities and public goods
Work placements
Aims
Specification of controlled education, way of implementation and compensation for absences
Recommended optional programme components
Prerequisites and corequisites
Basic literature
ŠKAPA, Stanislav. Mikroekonomie I. Vyd. 2., přeprac. Brno: Akademické nakladatelství CERM, 2012, 131 s. Učební texty vysokých škol. ISBN 978-80-214-4574-1. (CS)
Recommended reading
MANKIW, Gregory N. Zásady ekonomie. Praha: Grada, 2000. ISBN 978-80-7169-891-1. (CS)
Classification of course in study plans
Type of course unit
Lecture
Teacher / Lecturer
Syllabus
• Podstata ekonomické vědy a vývoj mikroekonomie
• Tržní systém a racionální chování člověka
• Formování poptávky (teorie mezního užitku a teorie indiference)
• Firma a náklady firmy
• Formování nabídky
• Dokonalá konkurence a tržní rovnováha
• Nedokonalá konkurence a monopol
• Oligopol a monopolistická konkurence
• Trhy výrobních faktorů, trh práce
• Trh kapitálu a trh půdy
• Mikroekonomická politika
• Zásahy státu do cen
• Externality a veřejné statky
Exercise
Teacher / Lecturer
Syllabus
• Informace o organizaci cvičení, požadavky k zápočtu. Úvod do mikroekonomie. Trh, typy trhů, tržní subjekty a tržní mechanismus.
• Vzácnost ekonomických zdrojů a problém jejich alokace. Použití grafů v mikroekonomii.
• Chování spotřebitele – užitečnost a poptávka
• Chování výrobce - náklady a nabídka
• Tržní rovnováha a efektivnost
• Nedokonalé trhy
• Konkurence a regulace
• Trhy výrobních faktorů, trhy práce a trh kapitálu
• Zásahy státu do cen
• Externality a veřejné statky
• Udělení zápočtů