Course detail

Microeconomics 2

FP-mik2PAcad. year: 2025/2026

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

6

Mode of study

Not applicable.

Guarantor

prof. Ing. et Ing. Stanislav Škapa, Ph.D.

Department

Institute of Economics (ÚE)

Entry knowledge

Expect of knowledge from economics range baccalaureate studies, concreate equilibrium of fir, equilibrium of consumer, equilibrium of input market.

Rules for evaluation and completion of the course

The student will receive credit if they receive at least 50% of the points from the tests taken in the seminars. Each test consists of numerical examples or theoretical questions that address the issues discussed in the seminars and lectures. The first test will take place in the 7th teaching week, and the second in the 13th. For each test, you can earn up to 20 points, for a total of 40 points across 2 tests. The points are transferred to the exam.

Replacement of individual tests is possible after an apology and with the instructor's approval.

The requirement for the exam is knowledge of the material discussed and the credit obtained. The exam is written. For health reasons, an oral exam can be requested.
Written part of the exam max. 60 points (4 theoretical questions)

Scale for the final classification:
A: 90 - 100 points
B: 80 - 89 points
C: 70 - 79 points
D: 60 - 69 points
E: 50 - 59 points
F: less than 50 points

In distance learning, tests and exams can be replaced with e-learning versions.
Participation in exercises and lectures is voluntary.

The same conditions apply to ISP, the agreement on the dates of credit and exams is individual.

Aims

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

Study aids

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

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. 581 p. ISBN 0-333-25349-3. (EN)
SCHILLER, Bradley R. Mikroekonomie dnes. Brno : Computer Press, 2004. 404 s. ISBN 80-251-0109-6. (EN)

Elearning

eLearning: currently opened course

Classification of course in study plans

  • Programme MGR-IM Master's 1 year of study, summer semester, compulsory
  • Programme MGR-MEO Master's 1 year of study, summer semester, compulsory
  • Programme MGR-SRP Master's 1 year of study, summer semester, compulsory
  • Programme MGR-UFRP Master's 1 year of study, summer semester, compulsory, fundamental theoretical courses of the profile core

Type of course unit

 

Lecture

26 hod., optionally

Teacher / Lecturer

Ing. Jiří Luňáček, Ph.D., MBA

Syllabus

Analytical Framework in Microeconomics

Consumer Decision-Making

Firm Behavior

Cost and Production Optimum, Cost Minimization

Perfect Competition

Monopoly

Price Discrimination

Monopoly Regulation

Oligopoly

Cournot Model

Stackelberg Model

Oligopoly with Price Leadership

Sweezy Model

Game Theory

Contestable Markets

Monopolistic Competition

Chamberlin Model

Hotelling Model

Differentiation as an Advantage and a Threat

Alternative Firm Objectives

Baumol's Model

Behavioral Theories of the Firm

Employee Firm Model

Labor Market

Perfectly and Imperfectly Competitive Labor Market

Monopoly and Monopsony in the Labor Market

Wage Discrimination

Capital Market

Investment Decision-Making




Exercise

26 hod., compulsory

Teacher / Lecturer

Mgr. Jan Malíř
Ing. Jiří Luňáček, Ph.D., MBA
Ing. Vladimíra Bayerová, Ph.D.
Ing. et Ing. Kateřina Procházková, Ph.D.

Syllabus

Summary of Basic Knowledge

Consumer Equilibrium

Production and Costs

Perfect Competition

Monopoly

Oligopoly

Monopolistic Competition




Elearning

eLearning: currently opened course